BlackRock Announces Special Distributions Related to the Reorganization of Two BlackRock Pennsylvania Municipal Closed End Funds
With respect to each of the Funds, the distribution declared today represents undistributed net investment income earned through the effective date of the Reorganization. In order to maintain its status as a regulated investment company and to avoid the imposition of a corporate level income tax, BPS is required to declare all of its net investment income prior to the consummation of the Reorganization. Other than the special distributions announced today, BPS will declare no further distributions prior to or following the Reorganization.
BPS and MPA are declaring special distributions that will be payable on
Common shares of BPS or MPA acquired after
It is currently expected that the Reorganization will be completed with the open for business of the
Distribution details are as follows:
Declaration- 4/1/2015 Ex-Date- 4/8/2015 Record- |
Payable- |
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Fund |
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Ticker |
Per-Share Distribution | |||||||
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BPS |
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MPA |
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Declaration- |
Payable- |
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Fund | Ticker | Per-Share Distribution | ||||||||
BPS | ||||||||||
MPA | ||||||||||
This communication is not intended to, and shall not, constitute an offer to purchase or sell shares of any of the
About
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2014, BlackRock’s AUM was $4.652 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of December 31, 2014, the firm had approximately 12,200 employees in more than 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company’s website at www.blackrock.com |Twitter:@blackrock_news |Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock
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Forward-Looking Statements
This press release, and other statements that
With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the
Annual and Semi-Annual Reports and other regulatory filings of a Fund with the
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Source:
Jpmorgan Insurance Trust Files SEC Form 24F-2NT, Rule 24F-2 Notice (Mar. 25, 2015)
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