BlackRock Corrects and Restates Certain Information Related to 2018 Term Trusts

June 8th, 2012 by InvestorPoint

On June 1, 2012, BlackRock issued a press release that referenced an original initial public offering (“IPO”) price of $10 per share for BlackRock Municipal 2018 Term Trust (NYSE:BPK), BlackRock California Municipal 2018 Term Trust (NYSE:BJZ) and BlackRock New York Municipal 2018 Term Trust (NYSE:BLH) (each, a “Fund”). Each Fund’s IPO price was in fact $15 per share, and each Fund’s IPO in took place in October 2001. About BlackRock BlackRock is a leader in investment management, risk…continued
       

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

June 1st, 2012 by InvestorPoint

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Several of the Funds announced distribution increases. These distribution increases take into account each Fund’s earnings potential in light of the current market environment and the Fund’s leverage and asset levels. In addition, several of the municipal Funds announced distribution reductions. Generally speaking, these distribution reductions were made in order to bet…continued
                                                                                            

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

May 1st, 2012 by InvestorPoint

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. BlackRock Global Opportunities Equity Trust (NYSE:BOE) announced a dividend reduction. This dividend reduction takes into account the Fund’s relatively high previous distribution level, the current level of the Fund’s net assets and current and projected levels of dividend income, option premiums and volatility in the market. * In order to comply with th…continued