BlackRock 2037 Municipal Target Term Trust (BMN) Reveals Plans for Variable Rate Preferred Share Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 02 2025
0mins
Source: Newsfilter
BlackRock Fund Announcement: BlackRock Advisors announced the successful pricing and placement of $50 million in Variable Rate Demand Preferred Shares (VRDP) for the BlackRock 2037 Municipal Target Term Trust, aimed at increasing leverage and enhancing earnings.
Investment Objectives: The proceeds from the VRDP issuance will support the Fund's goal of providing current income exempt from federal income tax and returning $25.00 per common share to investors by September 30, 2037.
Analyst Views on BMN
Wall Street analysts forecast BMN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 26.100
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Current: 26.100
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
