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Stock impact report

BlackRock Municipal 2030 Target Term Trust (BTT) Announces Renewal of Share Repurchase Program

BlackRock Municipal 2030 Target Term Trust (BTT) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC announced today that the Board of Trustees (the “Board”) of BlackRock Municipal 2030 Target Term Trust (“BTT” or the “Trust”) has reauthorized the Trust’s open market share repurchase program (the “Repurchase Program”). Under BTT’s most recent Repurchase Program, which ends November 30, 2025, the Trust could repurchase up to 5% of its outstanding common shares (based on common shares outstanding on March 31, 2025) in open market transactions. Pursuant to the Boards’ reauthorization of the Repurchase Program, BTT may repurchase up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2025) through November 30, 2026.The Repurchase Program seeks to enhance shareholder value by purchasing Trust shares trading at a discount to the Trust’s net asset value (“NAV”) per share, which could result in incremental accretion to the Trust’s NAV. NAV accretion may help contribute to BTT meeting its objective o Show less Read more
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