BlackRock 2037 Municipal Target Term Trust Announces Initial Distribution
The Board of Trustees of BlackRock 2037 Municipal Target Term Trust (NYSE: BMN) has announced its initial monthly distribution of $0.093750 per share, set to be paid on February 1, 2023. The ex-date is January 12, 2023, and the record date is January 13, 2023. This distribution corresponds to a yield of 4.50% based on the Trust's IPO price of $25.00 per share. Investors can find updates on performance and other material data on BlackRock's official website, reaffirming the Trust's focus on delivering financial well-being to its stakeholders.
- Initial monthly distribution of $0.093750 per share.
- Yield of 4.50% based on IPO price of $25.00.
- None.
Ex-Date-
Trust |
Ticker |
Initial Monthly
|
Yield on Initial Public
|
BMN |
|
|
|
*The yield on the IPO price shown above is calculated by dividing the initial monthly per-share distribution by the Trust’s IPO price of |
|||
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, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
Availability of Trust Updates
BlackRock will update performance and certain other data for the Trust 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 Trust. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Trust 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 the Trust may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Trust 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 Trust, 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 Trust or in the Trust’s net asset value; (2) the relative and absolute investment performance of the Trust 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, and regulatory, supervisory or enforcement actions of government agencies relating to the Trust or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics 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 Trust with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20230103005614/en/
BlackRock
1-800-882-0052
Source: BlackRock Closed-End Funds
FAQ
What is the initial monthly distribution for BMN?
What is the payable date for the first distribution of BMN?
What is the yield on the IPO price for BMN?
What are the ex-date and record date for BMN's initial distribution?
