Early Declaration of Regular Distributions & Declaration of Special Distributions Announced for Certain BlackRock Closed-End ...
September 01 2010 - 8:44PM
Business Wire
The Boards of Directors/Trustees of the BlackRock closed-end
funds listed below (the “Funds”) announced the early declaration of
regular monthly distributions and declaration of special
distributions. Details are as follows:
Early Declaration of Regular
Monthly Distributions:
Three tax-exempt Funds declared regular monthly distributions
for October, November and December 2010. The applicable dates and
amounts are detailed below.
Dates: October 2010 Distribution: Declaration
– 9/1/10 Ex-Date – 10/13/10 Record Date – 10/15/10 Payable Date –
11/01/10 November 2010 Distribution: Declaration – 9/1/10
Ex-Date – 11/10/10 Record Date – 11/15/10 Payable Date – 12/01/10
December 2010 Distribution: Declaration – 9/1/10 Ex-Date –
12/13/10 Record Date – 12/15/10 Payable Date – 12/31/10
Fund Ticker Monthly
Distribution BlackRock California Municipal 2018 Term Trust
BJZ $0.072000 BlackRock New York Municipal 2018 Term Trust,
Inc. BLH $0.082000 BlackRock Municipal 2018 Term
Trust BPK $0.078000
The following tax-exempt Fund also declared regular monthly
distributions for October, November and December 2010, but has a
different payable schedule in December 2010. The applicable dates
and amount are detailed below.
Dates: October 2010 Distribution: Declaration
– 9/1/10 Ex-Date – 10/13/10 Record Date – 10/15/10 Payable Date –
11/01/10 November 2010 Distribution: Declaration – 9/1/10
Ex-Date – 11/10/10 Record Date – 11/15/10 Payable Date – 12/01/10
December 2010 Distribution: Declaration – 9/1/10 Ex-Date –
12/13/10 Record Date – 12/15/10 Payable Date – 12/29/10
Fund Ticker Monthly
Distribution BlackRock Insured Municipal Term Trust, Inc.
BMT $0.005000
Declaration of Special Tax-Free
Distributions:
The following Funds declared special tax-free income
distributions as detailed below.
Dates: Declaration – 9/1/10 Ex-Date – 12/13/10
Record Date – 12/15/10 Payable Date – 12/31/10
Fund Ticker Special Tax-Free
Distribution BlackRock New York Municipal 2018 Term Trust, Inc.
BLH $0.073000 Declaration – 9/1/10
Ex-Date – 12/13/10 Record Date – 12/15/10
Payable Date – 12/29/10 Fund
Ticker Special Tax-Free Distribution BlackRock
Insured Municipal Term Trust, Inc. BMT $0.237000
Investors in BMT should consider the distributions payable on
December 29, 2010, along with any subsequent liquidating
distributions, as part of the final distribution of proceeds in
connection with the fund’s scheduled maturity on or about December
31, 2010.
About BlackRock
BlackRock is a leader in investment management, risk management
and advisory services for institutional and retail clients
worldwide. At June 30, 2010, BlackRock’s AUM was $3.151 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 June 30, 2010, the firm has approximately 8,500
employees in 24 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.
BlackRock cautions that forward-looking statements are subject
to numerous assumptions, risks and uncertainties, which change over
time. Forward-looking statements speak only as of the date they are
made, and BlackRock assumes no duty to and does not undertake to
update forward-looking statements. Actual results could differ
materially from those anticipated in forward-looking statements and
future results could differ materially from historical
performance.
With respect to each Fund, the following factors, among others,
could cause actual events to differ materially from forward-looking
statements or historical performance: (1) changes in political,
economic or industry conditions, the interest rate environment or
financial and capital markets, which could result in changes in the
Fund’s net asset value; (2) the performance of the Fund’s
investments; (3) the impact of increased competition; (4) the
extent and timing of any distributions or share repurchases; (5)
the impact of legislative and regulatory actions and reforms and
regulatory, supervisory or enforcement actions of government
agencies relating to the Fund or BlackRock, as applicable; (6)
BlackRock’s ability to attract and retain highly talented
professionals; and (7) the impact of legislative and regulatory
actions and reforms and regulatory, supervisory or enforcement
actions of government agencies relating to BlackRock, Barclays PLC,
Bank of America, Merrill Lynch or PNC.
The Annual and Semi-Annual Reports and other regulatory filings
of the Funds with the SEC are accessible on the SEC's website at
www.sec.gov and on BlackRock’s website at
www.blackrock.com, and may discuss these or other factors
that affect the Funds. The information contained on our website is
not a part of this press release.
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