|Bid||24.44 x 1800|
|Ask||24.52 x 1200|
|Day's Range||24.40 - 24.46|
|52 Week Range||21.60 - 24.55|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.75 (3.06%)|
|Ex-Dividend Date||Jan 12, 2020|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has downgraded to Aa2 from Aa1 the long-term ratings on the Remarketable Variable Rate Muni Term Preferred (RVMTP) shares issued by BlackRock Municipal 2030 Target Term Trust (BTT). The downgrade of BTT's preferred share ratings was driven by a steady decline in the fund's fixed charge coverage. At 31 October, BTT's annual fixed charge coverage stood at three times net investment income compared to four times for the same period a year ago.
Certain BlackRock closed-end funds announced distributions today as detailed below. BlackRock Florida Municipal 2020 Term Trust declared its June and July distribution early.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BlackRock Municipal Target Term Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.