BlackRock Advisors, LLC today announced the redemption details for
certain series of auction rate preferred shares (“ARPS”) issued by
fifteen BlackRock tax-exempt closed-end funds (the “Funds”). These
redemptions, which are being made at the liquidation preference of
$25,000 per share, together with accrued and unpaid dividends to the
redemption date, if any, are being announced in connection with the
issuance of Variable Rate Muni Term Preferred Shares (“VMTP”) by the
Funds, as announced on December 16, 2011.
Please see redemption details below.
BlackRock Municipal Income Investment Quality Trust (NYSE: BAF)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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M-7
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09250G201
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January 10, 2012
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1,691
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$42,275,000
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BlackRock Municipal Bond Trust (NYSE: BBK)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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R-7
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09249H302
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January 13, 2012
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1,598
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$39,950,000
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T-7
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09249H203
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January 11, 2012
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1,598
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$39,950,000
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BlackRock Municipal Income Trust (NYSE: BFK)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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F-7
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09248F604
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January 9, 2012
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2,167
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$54,175,000
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M-7
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09248F208
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January 10, 2012
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2,167
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$54,175,000
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R-7
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09248F505
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January 13, 2012
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2,167
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$54,175,000
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T-7
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09248F307
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January 11, 2012
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2,167
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$54,175,000
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W-7
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09248F406
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January 12, 2012
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2,167
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$54,175,000
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The BlackRock Investment Quality Municipal Trust Inc. (NYSE: BKN)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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T-28
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09247D303
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January 18, 2012
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2,234
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$55,850,000
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T-7
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09247D204
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January 11, 2012
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2,804
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$70,100,000
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BlackRock Municipal Income Trust II (AMEX: BLE)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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M-7
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09249N200
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January 10, 2012
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1,513
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$37,825,000
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R-7
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09249N507
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January 13, 2012
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1,513
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$37,825,000
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T-7
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09249N309
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January 11, 2012
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1,513
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$37,825,000
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W-7
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09249N408
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January 12, 2012
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1,513
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$37,825,000
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The BlackRock Strategic Municipal Trust (NYSE: BSD)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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W-7
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09248T208
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January 12, 2012
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1,719
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$42,975,000
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BlackRock Municipal Income Quality Trust (NYSE: BYM)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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F-7
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092479401
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January 9, 2012
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1,830
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$45,750,000
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M-7
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092479203
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January 10, 2012
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1,830
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$45,750,000
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R-7
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092479302
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January 13, 2012
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1,830
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$45,750,000
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BlackRock MuniYield Investment Quality Fund (NYSE: MFT)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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A-7
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09254T209
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January 10, 2012
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1,884
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$47,100,000
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B-7
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09254T308
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January 5, 2012
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377
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$9,425,000
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BlackRock MuniHoldings Fund, Inc. (NYSE: MHD)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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A-7
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09253N203
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January 11, 2012
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1,473
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$36,825,000
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B-7
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09253N302
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January 6, 2012
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1,473
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$36,825,000
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C-7
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09253N401
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January 10, 2012
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402
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$10,050,000
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BlackRock MuniYield Quality Fund II, Inc. (NYSE: MQT)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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A-28
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09254G207
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January 17, 2012
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1,457
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$36,425,000
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C-7
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09254G405
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January 9, 2012
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1,457
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$36,425,000
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D-7
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09254G504
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January 10, 2012
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292
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$7,300,000
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BlackRock MuniHoldings Quality Fund II, Inc. (NYSE: MUE)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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A-7
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09254C206
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January 6, 2012
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1,345
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$33,625,000
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B-7
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09254C305
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January 5, 2012
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1,345
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$33,625,000
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C-7
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09254C404
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January 11, 2012
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2,550
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$63,750,000
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BlackRock MuniHoldings Fund II, Inc. (NYSE: MUH)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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A-7
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09253P208
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January 11, 2012
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1,101
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$27,525,000
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B-7
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09253P307
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January 9, 2012
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1,101
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$27,525,000
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BlackRock MuniHoldings Quality Fund, Inc. (NYSE: MUS)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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A-7
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09254A200
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January 6, 2012
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1,740
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$43,500,000
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B-7
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09254A309
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January 10, 2012
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1,740
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$43,500,000
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BlackRock MuniVest Fund, Inc. (AMEX: MVF)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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A-28
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09253R204
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January 9, 2012
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1,460
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$36,500,000
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B-28
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09253R303
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January 17, 2012
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1,460
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$36,500,000
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D-28
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09253R501
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January 3, 2012
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1,460
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$36,500,000
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E-7
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09253R600
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January 3, 2012
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2,190
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$54,750,000
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F-7
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09253R709
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January 11, 2012
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1,723
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$43,075,000
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BlackRock MuniVest Fund II, Inc. (NYSE: MVT)
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Shares to be
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Amount to be
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Series
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CUSIP
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Redemption Date
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Redeemed
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Redeemed
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A-28
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09253T200
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January 12, 2012
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1,440
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$36,000,000
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C-7
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09253T408
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January 12, 2012
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1,440
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$36,000,000
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D-7
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09253T507
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January 10, 2012
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1,280
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$32,000,000
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BlackRock will continue to keep market participants and shareholders
informed of its closed-end funds’ progress to redeem ARPS via press
releases and on BlackRock’s website at
www.blackrock.com.
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
September 30, 2011, BlackRock’s AUM was $3.345 trillion. BlackRock
offers products that span the risk spectrum to meet clients’ needs,
including active, enhanced and index strategies across markets and asset
classes. Products are offered in a variety of structures including
separate accounts, mutual funds, iShares® (exchange-traded funds), and
other pooled investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base of
institutional investors through BlackRock Solutions®. Headquartered in
New York City, as of September 30, 2011, the firm had approximately
10,200 employees in 27 countries and a major presence in key global
markets, including North and South America, Europe, Asia, Australia and
the Middle East and Africa. For additional information, please visit the
firm’s website at
www.blackrock.com.
Forward-Looking Statements
This press release, and other statements that BlackRock may make, may
contain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act, with respect to BlackRock’s future
financial or business performance, strategies or expectations.
Forward-looking statements are typically identified by words or phrases
such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,”
“comfortable,” “expect,” “anticipate,” “current,” “intention,”
“estimate,” “position,” “assume,” “outlook,” “continue,” “remain,”
“maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or
future or conditional verbs such as “will,” “would,” “should,” “could,”
“may” or similar expressions.
