BlackRock Municipal 2030 Target Term Trust (BTT) Announces Share Repurchase Program

Rhea-AI Summary

BlackRock Municipal 2030 Target Term Trust (BTT) has announced the reauthorization of its open market share repurchase program. The Trust's Board has approved the repurchase of up to 5% of outstanding common shares through November 30, 2025, based on shares outstanding as of March 31, 2025.

The Repurchase Program aims to enhance shareholder value by purchasing Trust shares trading at a discount to net asset value (NAV) per share, potentially resulting in NAV accretion. The timing and amount of repurchases will be determined by Trust management or predetermined parameters, subject to market conditions. Repurchases will be executed on national security exchanges at prevailing market prices, adhering to exchange requirements and federal securities laws.

Positive

• Share repurchase program could enhance shareholder value
• Potential NAV accretion through discount purchases
• 5% buyback authorization shows confidence in Trust value

Negative

• No guarantee that any shares will be repurchased
• Repurchase timing and amount subject to management discretion

NEW YORK--(BUSINESS WIRE)-- BlackRock Advisors, LLC announced today that the Board of Trustees (the “Board”) of BlackRock Municipal 2030 Target Term Trust (“BTT” or the “Trust”) has reauthorized the Trust’s open market share repurchase program (the “Repurchase Program”). Under BTT’s most recent Repurchase Program, which ended November 30, 2024, the Trust could repurchase up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2023) in open market transactions. Pursuant to the Boards’ reauthorization of the Repurchase Program, BTT may repurchase up to 5% of its outstanding common shares (based on common shares outstanding on March 31, 2025) through November 30, 2025. The Repurchase Program seeks to enhance shareholder value by purchasing Trust shares trading at a discount to the Trust’s net asset value (“NAV”) per share, which could result in incremental accretion to the Trust’s NAV.

The amount and timing of any repurchases under the Repurchase Program will be determined either at the discretion of the Trust’s management or pursuant to predetermined parameters and instructions, subject to market conditions. There is no assurance that the Trust will repurchase any shares under the Repurchase Program. The Trust’s repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. Any repurchases made under the Repurchase Program will be made on a national security exchange at the prevailing market price, subject to exchange requirements and certain volume and timing limitations and other regulations under federal securities laws.

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

Availability of Fund 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’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 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 a 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 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 Trust. The information contained on BlackRock’s website is not a part of this press release.

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BlackRock

1-800-882-0052

Source: BlackRock Closed-End Funds

FAQ

What is the maximum percentage of shares BTT can repurchase under the new program?

BTT can repurchase up to 5% of its outstanding common shares, based on shares outstanding as of March 31, 2025.

When does BTT's new share repurchase program expire?

The repurchase program expires on November 30, 2025.

How does BTT's share repurchase program benefit shareholders?

The program aims to enhance shareholder value by purchasing shares trading at a discount to NAV, potentially resulting in NAV accretion.

Where will BTT conduct its share repurchases?

Repurchases will be made on national security exchanges at prevailing market prices, subject to exchange requirements and regulations.