BlackRock Municipal Income Trusts Announce First Dividend.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 20, 2002 The Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of BlackRock Municipal Income Trust II (AMEX AMEX See: American Stock Exchange : BLE; CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. : 09249N101), BlackRock California Municipal Income Trust II (AMEX: BCL BCL - The successor to Atlas Commercial Language. ["The Provisional BCL Manual", D. Hendry, U London 1966]. ; CUSIP: 09249S100), BlackRock 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 Municipal Income Trust II (AMEX: BFY BFY Budget Fiscal Year ; CUSIP: 09249R102), today declared the Trusts' first monthly dividends, payable on October 1, 2002 for shareholders of record as of September 27, 2002. The initial dividend for each BlackRock Municipal Income Trust II's appears below. BlackRock Municipal Income Trust II (BLE): Monthly Dividend: $0.0837500 Annualized Dividend: $1.0050 Yield on Stock Price Yield on Offering ($14.49): 6.94% Price ($15.00): 6.70% As of September 19, 2002 BlackRock California Municipal Income Trust II (BCL): Monthly Dividend: $0.0812500 Annualized Dividend: $0.9750 Yield on Stock Price Yield on Offering ($14.82): 6.58% Price ($15.00): 6.50% As of September 19, 2002 BlackRock New York Municipal Income Trust II (BFY): Monthly Dividend: $0.0787500 Annualized Dividend: $0.9450 Yield on Stock Price Yield on Offering ($14.85): 6.36% Price ($15.00): 6.30% As of September 19, 2002 The BlackRock Municipal Income Trust II, BlackRock California Municipal Income Trust II, and BlackRock New York Municipal Income Trust II were launched in July 2002 with the objectives to provide current income exempt from regular Federal income tax and California (BCL) income tax, and New York State/City (BFY) personal income taxes. About BlackRock. BlackRock is one of the largest publicly traded investment management firms in the United States with $250 billion of 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. as of June 30, 2002. BlackRock manages assets on behalf of institutional and individual investors worldwide through a variety of equity, fixed income, liquidity and alternative investment products, including the BlackRock Funds and BlackRock Provident Institutional Funds. In addition, BlackRock provides risk management and investment system services to a growing number of institutional investors under the BlackRock Solutions name. Clients are served from the Company's headquarters 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. , as well as offices in Wilmington, San Francisco, Boston, Edinburgh, Hong Kong and Tokyo. BlackRock is a member of The PNC Financial Services PNC Financial Services (NYSE: PNC) is a U.S.-based financial services corporation, with assets of $92.0 billion. PNC operations include a regional banking franchise operating primarily in eight states and the District of Columbia, specialized financial businesses serving Group (NYSE NYSE See: New York Stock Exchange : PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress ), and is majority-owned by PNC and by BlackRock employees. Forward Looking Statements. This press release contains 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 BlackRock's outlook or expectations for future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "prospects," "opportunity," "optimistic," "pessimistic," "currently," "intention," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," "sustain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," 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 update forward-looking statements. The following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (1) the introduction, withdrawal, success and timing of business initiatives and strategies; (2) changes in political, economic or industry conditions, the interest rate environment or financial and capital markets, which could result in changes in demand for products or services or in the value of assets under management; (3) the investment performance of BlackRock's advised or sponsored investment products and separately managed accounts; (4) the impact of increased competition; (5) the impact of capital improvement projects; (6) the impact of future acquisitions; (7) the unfavorable resolution of legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. ; (8) the extent and timing of any share repurchases; (9) the impact, extent and timing of technological changes and the adequacy of intellectual property protection; (10) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to BlackRock or PNC; and (11) terrorist activities, including the September 11 terrorist attacks, which may adversely affect the general economy, financial and capital markets, specific industries, and BlackRock. BlackRock's Annual Report on Form 10-K for the year ended December 31, 2001 and BlackRock's subsequent reports filed with the Securities and Exchange Commission, accessible on the SEC's website at http://www.sec.gov, discuss these factors in more detail and identify additional factors that can affect forward-looking statements. |
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