BlackRock Long-Term Municipal Advantage Trust BlackRock Long-Term Municipal Advantage Trust of Beneficial Interest (BTA)
About BlackRock Long-Term Municipal Advantage Trust BlackRock Long-Term Municipal Advantage Trust of Beneficial Interest (BTA)
The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are expected to pay interest or income that is exempt from U.S. federal income tax (except that the interest may be subject to the U.S. federal alternative minimum tax). The Fund invests, under normal market conditions, primarily in long-term municipal bonds with a maturity of more than ten years at the time of investment and, under normal market conditions, the Funds municipal bond portfolio will have a dollar-weighted average maturity of greater than 10 years. The Fund may invest directly in such securities or synthetically through the use of derivatives.
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BlackRock Long-Term Municipal Advantage Trust BlackRock Long-Term Municipal Advantage Trust of Beneficial Interest News
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