Auction Rate

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2013/5/21

Citigroup Ordered to Pay Investors $1 Million Related to Auction Rate Securities

NEW YORK --An arbitration panel has ordered Citigroup Global Markets Inc. to pay more than $1 million to two Texas corporations that claimed the brokerage kept them in auction rate securities when it knew the market was in trouble.

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2013/4/25

Fitch: Boulder Growth & Income Fund, Inc.'s Auction Rate Pfd Shares PIF

The following auction market preferred shares (AMPS) issued by Boulder Growth & Income Fund, Inc. (NYSE: BIF) are paid in full (PIF) following the full redemption of outstanding shares, according to Fitch Ratings: --$25,000,000 of AMPS, series M28 redeemed April 23, 2013 to 'PIF' from 'AAA'.

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2013/3/15

BlackRock California Municipal 2018 Term Trust Announces Partial Redemption of Auction Rate Preferred Shares

BlackRock Advisors, LLC today announced the redemption of a portion of the issued and outstanding auction rate preferred shares (“ARPS”) by BlackRock California Municipal 2018 Term Trust (NYSE: BJZ) (the “Fund”). The partial redemption announced today, which totals $5.7 million in ARPS, will be conducted at a liquidation preference of $25,000 per share, together with accrued and unpaid dividends thereon to the redemption date, if applicable.

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2013/5/2

Certain BlackRock Closed-End Funds Announce Partial Redemption of Auction Rate Preferred Shares

BlackRock Advisors, LLC today announced the redemption of a portion of the issued and outstanding auction rate preferred shares (“ARPS”) by BlackRock Municipal 2018 Term Trust (NYSE:BPK) and BlackRock Municipal 2020 Term Trust (NYSE:BKK) (collectively, the “Funds”). The partial redemptions announced today, which total approximately $16.45 million in ARPS, will be conducted at a liquidation preference of $25,000 per share, together with accrued and unpaid dividends thereon to the redemption date, if applicable.

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2013/6/7

Certain BlackRock Closed-End Funds Announce Partial Redemption of Auction Rate Preferred Shares

BlackRock Advisors, LLC today announced that BlackRock California Municipal 2018 Term Trust (NYSE: BJZ) and BlackRock Florida Municipal 2020 Term Trust (NYSE: BFO) (collectively, the “Funds”) each provided a notice of the redemption of a portion of its issued and outstanding auction rate preferred shares (“ARPS”). The redemptions announced today, which total $9.2 million in ARPS, will be conducted at a liquidation preference of $25,000 per share, together with accrued and unpaid dividends thereon to the redemption date, if applicable.

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2013/2/11

The Board of Each of Dreyfus Strategic Municipals, Inc. And Dreyfus Strategic Municipal Bond Fund, Inc. Authorizes the Use of Tender Option Bonds in Connection with Any Additional Partial Redemption of Its Auction Rate Preferred Stock

On Thursday, February 11, 2013, the Board of Directors of each of Dreyfus Strategic Municipals, Inc. (NYSE:LEO) and Dreyfus Strategic Municipal Bond Fund, Inc. (NYSE:DSM) authorized each Fund to redeem up to an additional 25 percent of its original amount of outstanding auction rate preferred stock (“ARPS”), subject to market, regulatory and other conditions and factors.

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2013/2/21

Dreyfus Municipal Income, Inc. Board Authorizes the Use of Tender Option Bonds In Connection with Any Additional Partial Redemption of Its Auction Rate Preferred Stock (NYX: DMF)

On Thursday, February 21, 2013, the Board of Directors of Dreyfus Municipal Income, Inc. (NYX: DMF) today authorized the Fund to redeem up to an additional 25 percent of the Fund’s original amount of outstanding auction rate preferred stock (“ARPS”), subject to market, regulatory and other conditions and factors.

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2013/2/12

BlackRock Closed-End Term Trusts Review of Liquidity for Outstanding Auction Rate Preferred Shares

On January 2, 2013, each of BlackRock Municipal 2018 Term Trust (NYSE: BPK), BlackRock California Municipal 2018 Term Trust (NYSE: BJZ) , BlackRock New York Municipal 2018 Term Trust (NYSE: BLH) , BlackRock Municipal 2020 Term Trust (NYSE: BKK) and BlackRock Florida Municipal 2020 Term Trust (NYSE: BFO) , the five BlackRock closed-end term trusts with auction rate preferred shares (“ARPS”) outstanding (the “Term Trusts”), announced partial redemptions of their respective ARPS.

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