BlackRock Closed-End 2008 Term Trusts to Mature on Schedule.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- BlackRock Advisors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and the Boards of Directors/Trustees (the "Boards") of The BlackRock Insured Municipal 2008 Term Trust Inc. (NYSE NYSE See: New York Stock Exchange :BRM BRM biologic response modifier. BRM Biological response modifier, see there ), The BlackRock Florida Insured Municipal 2008 Term Trust (NYSE:BRF BRF the ratio of bulls to cows. Targets vary widely depending on circumstances and efficiency required. ), The BlackRock California Insured Municipal 2008 Term Trust Inc. (NYSE:BFC BFC Buffalo Field Campaign (West Yellowstone, Montana) BFC Betty Ford Center BFC British Fashion Council BFC Bicycle Friendly Community BFC Bible Fellowship Church BFC Boavista Futebol Clube ) and The BlackRock New York Insured Municipal 2008 Term Trust Inc. (NYSE:BLN) (the "Funds") today announced that the Boards adopted a plan of liquidation for the Funds and that the Funds will mature, as scheduled, on December 30, 2008. In connection with their maturity, the Funds' common stock will continue to trade the "regular way" on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. through December 9, 2008 and will be suspended from trading before the opening on December 10, 2008. About BlackRock BlackRock is one of the world's largest publicly traded investment management firms. At September 30, 2008, BlackRock's assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. were $1.259 trillion. The firm manages assets on behalf of institutions and individuals worldwide through a variety of equity, fixed income, cash management and alternative investment products. In addition, a growing number of institutional investors use BlackRock Solutions[R] investment system, risk management and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . The firm is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and has employees in 22 countries throughout the U.S., Europe and Asia Pacific. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and , with respect to the Funds' 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 a Fund's net asset value; (2) the performance of a 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 a Fund or BlackRock, as applicable; and (6) BlackRock's ability to attract and retain highly talented professionals. The Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (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 BlackRock's website is not a part of this press release. |
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