BlackRock 2037 Municipal Target Term Trust (BMN) Announces Variable Rate Preferred Share Issuance

Group 1 - BlackRock Advisors, LLC announced the successful pricing and placement of $50 million of Variable Rate Demand Preferred Shares (VRDP) for the BlackRock 2037 Municipal Target Term Trust [1] - The offering was conducted under an exemption from registration under the Securities Act of 1933 [1] - Proceeds from the VRDP issuance will be utilized to increase leverage in the Fund, which BlackRock believes will be accretive to the Fund [1]