BlackRock Advisors, LLC today announced details regarding the
final liquidation of BlackRock Municipal 2020 Term Trust (NYSE:BKK,
CUSIP: 09249X109) and BlackRock Florida Municipal 2020 Term Trust
(NYSE:BFO, CUSIP: 09250M109) (each, a “Fund” and together, the
“Funds”). BKK has met its investment objective of returning $15 per
share (the initial public offering price per common share) to
holders of common shares on or about December 31, 2020. BFO did not
achieve its investment objective of returning $15.00 per common
share on or about December 31, 2020. BFO’s ability to achieve its
investment objective was negatively impacted by a confluence of
factors, primarily stemming from the 2009 recession and the
collapse and prolonged period of low interest rates.
Investors in the Funds should consider the distribution declared
today (payable on December 24, 2020), along with the special
distributions declared on October 1, 2020 and November 2, 2020
(each, payable on December 22, 2020), as part of the final
distribution of proceeds in connection with each Fund’s investment
objective. Each Fund’s final liquidating distribution amount is
listed below.
BlackRock Municipal 2020 Term Trust (BKK)
Per-share details are as follows:
Special Distribution Declared October 1,
2020 (payable December 22, 2020)
$0.25900
Special Distribution Declared November 2,
2020 (payable December 22, 2020)
$0.17800
Final Liquidating Distribution
Announced Today (payable December 24, 2020)
$14.6582
Total Distribution
$15.0952
Since BKK’s inception, the fund’s annualized total return on net
asset value was 4.74% and the market price total return was
4.44%.
BlackRock Florida Municipal 2020 Term Trust (BFO)
Per-share details are as follows:
Special Distribution Declared October 1,
2020 (payable December 22, 2020)
$0.31200
Special Distribution Declared November 2,
2020 (payable December 22, 2020)
$0.24800
Final Liquidating Distribution
Announced Today (payable December 24, 2020)
$14.2506
Total Distribution
$14.8106
Since BFO’s inception, the fund’s annualized total return on net
asset value was 3.90% and the market price total return was
3.78%.
Shareholders may recognize gain or loss for U.S. tax purposes as
a result of the liquidation. Gain or loss will generally be
measured as the difference between the final liquidating
distribution announced today and the shareholders tax basis in the
shares of the Fund. BlackRock does not provide tax advice and
investors should consult their individual tax adviser regarding the
tax treatment applicable to a liquidating distribution and any
other payments received in connection with the liquidation.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, our clients turn to us for the
solutions they need when planning for their most important goals.
As of September 30, 2020, the firm managed approximately $7.81
trillion in assets on behalf of investors worldwide. For additional
information on BlackRock, please visit www.blackrock.com/corporate
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Availability of Fund Updates
BlackRock will update performance and certain other data for the
Funds on a monthly basis on its website in the “Closed-end Funds”
section of www.blackrock.com as well as certain other material
information as necessary from time to time. Investors and others
are advised to check the website for updated performance
information and the release of other material information about the
Funds. This reference to BlackRock’s website is intended to allow
investors public access to information regarding the Funds and does
not, and is not intended to, incorporate BlackRock’s website in
this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or a
Fund may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with
respect to a Fund’s or 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 the Funds, the following factors, among others,
could cause actual events to differ materially from forward-looking
statements or historical performance: (1) changes and volatility in
political, economic or industry conditions, the interest rate
environment, foreign exchange rates or financial and capital
markets, which could result in changes in demand for the Funds or
in a Fund’s net asset value; (2) the relative and absolute
investment performance of a Fund and its investments; (3) the
impact of increased competition; (4) the unfavorable resolution of
any legal proceedings; (5) the extent and timing of any
distributions or share repurchases; (6) the impact, extent and
timing of technological changes; (7) the impact of legislative and
regulatory actions and reforms, including the Dodd-Frank Wall
Street Reform and Consumer Protection Act, and regulatory,
supervisory or enforcement actions of government agencies relating
to a Fund or BlackRock, as applicable; (8) terrorist activities,
international hostilities and natural disasters, which may
adversely affect the general economy, domestic and local financial
and capital markets, specific industries or BlackRock; (9)
BlackRock’s ability to attract and retain highly talented
professionals; (10) the impact of BlackRock electing to provide
support to its products from time to time; and (11) the impact of
problems at other financial institutions or the failure or negative
performance of products at other financial institutions.
Annual and Semi-Annual Reports and other regulatory filings of
the Funds with the Securities and Exchange Commission (“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 BlackRock’s website is not a part of this press
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20201222005724/en/
BlackRock Closed-End Funds 1-800-882-0052
BlackRock Muni 2020 Term (NYSE:BKK)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
BlackRock Muni 2020 Term (NYSE:BKK)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024