BlackRock Municipal 2030 Target Term Trust (BTT) Announces Share Repurchase Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 28 2025
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Source: Newsfilter
BlackRock Municipal 2030 Target Term Trust Repurchase Program: BlackRock has reauthorized its open market share repurchase program for the BlackRock Municipal 2030 Target Term Trust, allowing it to buy back up to 5% of its outstanding common shares through November 30, 2025, aiming to enhance shareholder value.
Forward-Looking Statements and Risks: The press release contains forward-looking statements regarding the Trust's future performance, which are subject to various risks and uncertainties that could lead to actual results differing significantly from expectations.
Analyst Views on BTT
Wall Street analysts forecast BTT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTT 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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About BTT
BlackRock Municipal 2030 Target Term Trust (Trust) is a closed-end management investment company. The Trust's investment objective is to provide current income exempt from regular United States (US) federal income tax. The Trust seeks to invest approximately 80% of its assets in municipal bonds exempt from US federal income taxes (except that the interest may be subject to the federal alternative minimum tax). The Trust invests approximately 80% of its assets in municipal bonds that are investment grade quality at the time of investment or are considered to be of comparable quality, at the time of investment. The Trust may invest directly in securities or synthetically through the use of derivatives. The Trust invests in various sectors, such as transportation, county/city/special district/school district, health state, corporate, education, utilities, tobacco, and housing. Investment manager of the Trust is BlackRock Advisors, LLC.
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.
