Printer Friendly

THE BLACKROCK BROAD INVESTMENT GRADE 2009 TERM TRUST INC. LISTS ON THE AMERICAN STOCK EXCHANGE

 NEW YORK, June 18 /PRNewswire/ -- The American Stock Exchange today announced that it has commenced trading the common shares of The BlackRock Broad Investment Grade 2009 Term Trust Inc. The trust, trading under ticker symbol "BCT," opened trading at 11 a.m. at $15 on 20,000 shares. AIM Securities, Co. has been selected as the trust's specialist firm.
 The BlackRock Broad Investment Grade 2009 Term Trust is a newly organized, diversified, closed-end management investment company. The trust's investment objective is to manage a portfolio of fixed income securities that will return $15 per share (the initial public offering price) to investors on or about Dec. 31, 2009, while providing high monthly income. The trust will seek to achieve high monthly income by investing in Corporate Debt Securities rated investment grade at the time of investment; Mortgage-Backed Securities and Asset-Backed Securities rated "AAA" or "AA" at the time of investment; or with respect to each of the foregoing, with respect to an aggregate of 20 percent of the trust's total assets to be of equivalent credit quality. The trust may also invest in other securities issued or guaranteed by the U.S. government or its agencies and instrumentalities.
 The trust's initial public offering consists of 2.6 million common shares with an over-allotment option of 390,0000. The trust's investment manager is BlackRock Financial Management LP.
 The American Stock Exchange occupies a unique niche among U.S. financial markets. It is the only exchange to successfully provide both a primary equities market for growth companies, as well as a principal market to trade derivatives. No other exchange has balanced traditional and cutting edge trading products. And because of the efficiencies associated with the AMEX auction marketplace, investors of all sizes achieve the greatest value and protection.
 -0- 6/18/93
 /CONTACT: Melissa Grand, manager-equities communications of Amex, 212-306-1635/
 (BCT)


CO: The BlackRock Broad Investment Grade 2009 Term Trust Inc. ST: IN: FIN SU:

CK -- NY028 -- 3544 06/18/93 11:50 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 18, 1993
Words:332
Previous Article:PERMIAN BASIN ROYALTY TRUST DECLARES CASH DISTRIBUTION
Next Article:FARSONS, ONE OF THE LARGEST BREWERIES ON MALTA, SELECTS FINANCIAL AND MANUFACTURING APPLICATIONS FROM ROSS SYSTEMS (d)
Topics:


Related Articles
BLACKROCK FINANCIAL MANAGEMENT LP LISTS FOUR NEW FUNDS ON THE AMERICAN STOCK EXCHANGE
Three BlackRock Municipal Closed-End Trusts Announce Dividend Adjustments.
BlackRock Target Term Trust to Terminate on Schedule.
BlackRock 2001 Term Trust Announces Final Liquidation Schedule.
Five BlackRock Closed-End Trusts Raise Approximately $1.1 Billion; Begin Trading on NYSE.
BlackRock Reports Net Asset Values For Closed-End Taxable Funds.
American Stock Exchange Lists Three New BlackRock Closed-End Municipal Bond Trusts.
American Stock Exchange Lists S&P Quality Rankings Global Equity Managed Trust.
Latest Fund IPO Based on Mergent's Dividend Achievers(TM) is Largest to Date.
BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC - Result of EGM.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters