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BlackRock Municipal 2030 Target Term Trust (BTT) Announces Renewal of Share Repurchase Program
Businesswire· 2025-11-14 21:32
Core Viewpoint - BlackRock Municipal 2030 Target Term Trust (BTT) has reauthorized its share repurchase program to enhance shareholder value by repurchasing shares trading at a discount to the Trust's net asset value (NAV) [1][2]. Summary by Sections Share Repurchase Program - The Board of Trustees of BTT has reauthorized the open market share repurchase program, allowing the Trust to repurchase up to 5% of its outstanding common shares based on the shares outstanding as of November 30, 2025, through November 30, 2026 [1]. - The program aims to enhance shareholder value and may contribute to achieving the objective of returning at least $25 per share to shareholders by 2030 [2]. Historical Performance - As of November 14, 2025, BTT has a total repurchase program history of $140 million in shares, resulting in a total NAV accretion of $19 million, equating to $0.26 per share [2]. Management Discretion - The timing and amount of repurchases will be determined by the Trust's management or according to predetermined parameters, subject to market conditions [2].