Capital Gains Information Announced for BlackRock Closed-End Funds.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 -- The Boards of Directors/Trustees of the BlackRock Closed-End Funds Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. announced today capital gains distributions for the following funds. The details are as follows:
Taxable Closed-End Funds:
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Taxable Funds
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Trust Ticker Declaration Ex- Record Payable Capital Distribution
Date Date Date Date Gain ($)
Type
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The
BlackRock
Income
Opportunity
Trust, Inc. BNA 12/15/04 12/28/04 12/30/04 01/31/05 L/T(*) 0.259100
The
BlackRock
Income
Opportunity
Trust, Inc. BNA 12/15/04 12/28/04 12/30/04 01/31/05 S/T(**) 0.020000
BlackRock
Core Bond
Trust BHK 12/15/04 12/28/04 12/30/04 01/31/05 L/T(*) 0.220400
BlackRock
Limited
Duration
Income
Trust BLW 12/15/04 12/28/04 12/30/04 01/31/05 L/T(*) 0.044500
BlackRock
Preferred
Opportunity
Trust BPP 12/15/04 12/28/04 12/30/04 12/31/04 L/T(*) 0.072600
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Municipal Closed-End Funds:
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Municipal Funds
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Trust Ticker Declaration Ex- Record Payable Capital Distribution
Date Date Date Date Gain ($)
Type
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The
BlackRock
Insured
Municipal
2008 Term
Trust,
Inc. BRM 12/15/04 12/28/04 12/30/04 12/31/04 L/T(*) 0.055090
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The
BlackRock
Florida
Insured
Municipal
2008 Term
Trust,
Inc. BRF 12/15/04 12/28/04 12/30/04 12/31/04 L/T(*) 0.071250
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The
BlackRock
New York
Insured
Municipal
2008 Term
Trust,
Inc. BLN 12/15/04 12/28/04 12/30/04 12/31/04 L/T(*) 0.053490
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The
BlackRock
New York
Insured
Municipal
2008 Term
Trust,
Inc. BLN 12/15/04 12/28/04 12/30/04 12/31/04 S/T(**) 0.000830
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The
BlackRock
Insured
Muncipal
Term
Trust,
Inc. BMT 12/15/04 12/28/04 12/30/04 12/31/04 L/T(*) 0.028000
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The
BlackRock
Municipal
Target
Term
Trust,
Inc. BMN 12/15/04 12/28/04 12/30/04 12/31/04 L/T(*) 0.009820
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The
BlackRock
California
Insured
Municipal
2008 Term
Trust,
Inc. BFC 12/15/04 12/28/04 12/30/04 12/31/04 L/T(*) 0.027800
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The
BlackRock
Florida
Investment
Quality
Municipal
Trust,
Inc. RFA 12/15/04 12/28/04 12/30/04 12/31/04 L/T(*) 0.113220
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(*) L/T equals Long-Term Capital Gain
(**) S/T equals Short-Term Capital Gain
About BlackRock. BlackRock is one of the largest publicly traded investment management firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with approximately $323.5 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. at September 30, 2004. BlackRock manages assets on behalf of institutional and individual investors worldwide through a variety of equity, fixed income, liquidity and alternative investment products. In addition, BlackRock provides risk management, investment system outsourcing 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 to a growing number of institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . 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 Boston, Edinburgh, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Singapore, Sydney, Tokyo and Wilmington. BlackRock is majority owned by 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, Inc. (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 by BlackRock employees. For additional information, please visit the Company's website at www.blackrock.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 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," "potential," "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. In addition to factors previously disclosed in BlackRock's Securities and Exchange Commission (the "SEC") reports and those identified elsewhere in this press release, 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 relative and absolute 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 and divestitures; (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 Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. ; (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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc BlackRock or PNC; (11) terrorist activities and international hostilities, which may adversely affect the general economy, financial and capital markets, specific industries, and BlackRock; (12) the ability to attract and retain highly talented professionals; (13) fluctuations in foreign currency exchange rates, which may adversely affect the value of advisory fees earned by BlackRock; (14) the impact of changes to tax legislation and, generally, the tax position of the Company; (15) changes in circumstances affecting the expense recognition of BlackRock's 2002 Long Term Retention and Incentive Plan; and (16) the closing of the Company's acquisition of SSRM SSRM Scanning Spreading Resistance Microscopy SSRM State-Specific and Regional Migration (Australia) SSRM Strap-On Solid Rocket Motor (additional solid rocket motors to increase mass liftoff capacity) Holdings, Inc. BlackRock's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2003 and BlackRock's subsequent reports filed with the SEC, accessible on the SEC's website at http://www.sec.gov and on BlackRock's website at http://www.blackrock.com, discuss these factors in more detail and identify additional factors that can affect forward-looking statements. |
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