Certain BlackRock Closed-End Funds Announce Shareholder Proposal Submission Date.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 BlackRock BlackRock Inc. (NYSE: BLK) is a major American investment management firm. As of September 30, 2007, BlackRock’s assets under management totaled $1.3 trillion[2] across fixed income, liquidity, equity, alternative investment and real estate strategies. 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. listed below (each a "Trust" and collectively, the "Trusts") announced today that their annual meetings of shareholders will be held no later than September September: see month. 30, 2007. Because the Trusts have moved the date of this year's annual meeting by more than 30 days from the date of last year's annual meeting, the deadline for submitting a proposal pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , to be considered for inclusion in the Trusts' proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other and for submitting a "timely" proposal for purposes of Rule 14a-4(c) under the Exchange Act is June June: see month. 20, 2007. Any such proposal should be sent to the Secretary of the relevant Trust, 100 Bellevue Bellevue (bĕl`vy  ).1 City (1990 pop. 30,982), Sarpy co., E Nebr., a suburb of Omaha, on the Missouri River; inc. 1855. Parkway, Wilmington, Delaware Wilmington is the largest city in the state of Delaware and is located at the confluence of the Christina River and Brandywine Creek, near where the Christina flows into the Delaware River. 19809. Trust < Ticker The BlackRock Broad Investment Grade 2009 Term Trust Inc. < BCT The BlackRock Income Trust Inc. < BKT The BlackRock Income Opportunity Trust Inc. < BNA The BlackRock High Yield Trust < BHY BlackRock Core Bond Trust < BHK BlackRock Strategic Bond Trust < BHD The BlackRock Insured Municipal Term Trust Inc. < BMT The BlackRock Insured Municipal 2008 Term Trust Inc. < BRM The BlackRock New York Insured Municipal 2008 Term Trust Inc. < BLN The BlackRock California Insured Municipal 2008 Term Trust Inc. < BFC The BlackRock Investment Quality Municipal Trust Inc. < BKN The BlackRock California Investment Quality Municipal Trust Inc. < RAA The BlackRock New Jersey Investment Quality Municipal Trust Inc. < RNJ The BlackRock New York Investment Quality Municipal Trust Inc. < RNY The BlackRock Strategic Municipal Trust < BSD The BlackRock Pennsylvania Strategic Municipal Trust < BPS BlackRock Florida Municipal Income Trust < BBF BlackRock Municipal Income Trust < BFK BlackRock California Municipal Income Trust < BFZ BlackRock New Jersey Municipal Income Trust < BNJ BlackRock New York Municipal Income Trust < BNY BlackRock California Municipal 2018 Term Trust < BJZ BlackRock Municipal 2018 Term Trust < BPK BlackRock New York Municipal 2018 Term Trust < BLH BlackRock California Municipal Bond Trust < BZA BlackRock Florida Municipal Bond Trust < BIE BlackRock Maryland Municipal Bond Trust < BZM BlackRock Municipal Bond Trust < BBK BlackRock New Jersey Municipal Bond Trust < BLJ BlackRock New York Municipal Bond Trust < BQH BlackRock Virginia Municipal Bond Trust < BHV BlackRock Municipal Income Trust II < BLE BlackRock California Municipal Income Trust II < BCL BlackRock New York Municipal Income Trust II < BFY BlackRock Insured Municipal Income Trust < BYM BlackRock California Insured Municipal Income Trust < BCK BlackRock Florida Insured Municipal Income Trust < BAF BlackRock New York Insured Municipal Income Trust < BSE BlackRock Preferred Opportunity Trust < BPP BlackRock Limited Duration Income Trust < BLW BlackRock Municipal 2020 Term Trust < BKK BlackRock Florida Municipal 2020 Term Trust < BFO BlackRock Dividend AchieversTM Trust < BDV BlackRock Strategic Dividend AchieversTM Trust < BDT BlackRock S&P Quality Rankings Global Equity Managed Trust < BQY BlackRock Global Floating Rate Income Trust < BGT BlackRock Global Energy and Resources Trust < BGR BlackRock Health Sciences Trust < BME BlackRock Global Opportunities Equity Trust < BOE BlackRock Enhanced Dividend AchieversTM Trust < BDJ BlackRock World Investment Trust < BWC BlackRock Long-Term Municipal Advantage Trust < BTA BlackRock Real Asset Equity Trust < BCF BlackRock Preferred and Equity Advantage Trust < BTZ BlackRock Global Equity Income Trust < BFD BlackRock International Growth and Income Trust < BGY The BlackRock Florida Insured Municipal 2008 Term Trust < BRF The BlackRock Florida Investment Quality Municipal Trust < RFA BlackRock High Income Shares < HIS About BlackRock BlackRock is one of the world's largest publicly traded investment management firms. As of March 31, 2007, 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 $1.154 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. . 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 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. use BlackRock Solutions 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 . 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. , the firm has approximately 5,000 employees in 18 countries and a major presence in key global markets, including the U.S., Europe, Asia, Australia and the Middle East. 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," "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 SEC reports and those identified elsewhere in this communication, 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 investment products, including its separately managed accounts and the former MLIM MLIM Merrill Lynch Investment Managers (UK) business; (4) the impact of increased competition; (5) the impact of capital improvement projects; (6) the impact of future acquisitions or 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, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. or 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 ; (11) terrorist activities and international hostilities, which may adversely affect the general economy, domestic and local 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) BlackRock's ability to successfully integrate the MLIM business with its existing business; (16) the ability of BlackRock to effectively manage the former MLIM assets along with its historical assets under management; and (17) BlackRock's success in maintaining the distribution of its products. BlackRock's Annual Reports 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. and BlackRock's subsequent filings 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. The information contained on our website is not a part of this press release. |
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