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(BKK)

NYSE - Nasdaq Real Time Price. Currency in USD
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14.63- (-)
At close: 01:04PM EST
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  • Business Wire

    BlackRock Municipal 2020 Term Trusts Announce Liquidation Details

    BlackRock Advisors, LLC today announced details regarding the final liquidation of BlackRock Municipal 2020 Term Trust (NYSE:BKK, CUSIP: 09249X109) and BlackRock Florida Municipal 2020 Term Trust (NYSE:BFO, CUSIP: 09250M109) (each, a "Fund" and together, the "Funds"). BKK has met its investment objective of returning $15 per share (the initial public offering price per common share) to holders of common shares on or about December 31, 2020. BFO did not achieve its investment objective of returning $15.00 per common share on or about December 31, 2020. BFO’s ability to achieve its investment objective was negatively impacted by a confluence of factors, primarily stemming from the 2009 recession and the collapse and prolonged period of low interest rates.

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