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BlackRock 2037 Municipal Target Term Trust (BMN) Announces Variable Rate Preferred Share Issuance
贝莱德贝莱德(US:BLK) Businesswire·2025-10-02 01:33

NEW YORK--(BUSINESS WIRE)---- BMN−−BlackRockAdvisors,LLC("BlackRocka^€)announcedtodaythatBlackRock2037MunicipalTargetTermTrust(NYSE:BMN;CUSIP:09262G108)(the"Funda^€)successfullypricedandplacedBMN--BlackRock Advisors, LLC ("BlackRock†) announced today that BlackRock 2037 Municipal Target Term Trust (NYSE: BMN; CUSIP: 09262G108) (the "Fund†) successfully priced and placed 50 million of Variable Rate Demand Preferred Shares ("VRDP†) pursuant to an offering exempt from registration under the Securities Act of 1933. The proceeds from the VRDP issuance will be used to increase leverage in the Fund. BlackRock believes that the VRDP issuance will be accretive to the ...