General Info
About: The Trust seeks to provide current income exempt from Federal income tax. The trust will invest at least 80% of its Managed Assets in investment grade quality municipal bonds or unrated municipal bonds of comparble quality. The Trust may invest up to 20% of its Managed Assets in municipal bonds that are rated Ba/BB or B or that are unrated and of comparable quality. It may invest in other investment companies that invest primarily in municipal bonds of the types in which the Trust may invest directly or in tax-exempt preferred shares that pay dividends exempt from regular Federal income tax. The Trust may enter into interest rate swaps, caps and floors, Futures contracts and Options on Futures contracts for risk management purposes.
Tags: Asset Management Financial Services
Website: http://www.blackrock.com