BlackRock Broad Investment Grade 2009 Term Trust Announces Additional Liquidation Details
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NEW YORK--(Business Wire)--
BlackRock Advisors, LLC and the Board of Directors of BlackRock Broad Investment
Grade 2009 Term Trust, Inc. (NYSE Amex:BCT) (the "Trust") today announced that,
in connection with the Trust`s liquidation, the Trust`s common shares will
continue to trade the "regular way" on the NYSE Amex through October 12, 2009
and will be suspended from trading before the opening of trading on October 13,
2009.
As previously announced, the Trust has entered into a plan of liquidation such
that its final liquidating distribution will be made on or about October 31,
2009. At final liquidation, investors will receive the net asset value ("NAV")
of the Trust at that time in one or more liquidating distributions that, when
taken together, are expected to be less than the Trust`s initial offering price.
In connection with its liquidation, the Trust has previously declared a
liquidating distribution on June 3, 2009 that is payable to shareholders on
October 29, 2009.
Once the Trust`s common shares have been suspended from trading on the NYSE
Amex, any subsequent information pertaining to the Trust`s liquidation will be
available in the "Closed-End Funds" section of www.blackrock.com.
About BlackRock
BlackRock is one of the world`s largest publicly traded investment management
firms. At June 30, 2009, BlackRock`s assets under management were $1.373
trillion. The firm manages assets on behalf of institutions and individuals
worldwide through a variety of equity, fixed income, cash management and
alternative investment products. In addition, a growing number of institutional
investors use BlackRock Solutions® investment system, risk management and
financial advisory services. The firm is headquartered in New York City and has
employees in 21 countries throughout the U.S., Europe and Asia Pacific. For
additional information, please visit the firm's website at www.blackrock.com.
Forward-Looking Statements
This press release, and other statements that BlackRock may make, may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act, with respect to BlackRock`s future financial or business
performance, strategies or expectations. Forward-looking statements are
typically identified by words or phrases such as "trend," "potential,"
"opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate,"
"current," "intention," "estimate," "position," "assume," "outlook," "continue,"
"remain," "maintain," "sustain," "seek," "achieve," and similar expressions, or
future or conditional verbs such as "will," "would," "should," "could," "may" or
similar expressions.
BlackRock cautions that forward-looking statements are subject to numerous
assumptions, risks and uncertainties, which change over time. Forward-looking
statements speak only as of the date they are made, and BlackRock assumes no
duty to and does not undertake to update forward-looking statements. Actual
results could differ materially from those anticipated in forward-looking
statements and future results could differ materially from historical
performance.
With respect to each Trust, the following factors, among others, could cause
actual events to differ materially from forward-looking statements or historical
performance: (1) changes in political, economic or industry conditions, the
interest rate environment or financial and capital markets, which could result
in changes in the Trust`s net asset value; (2) the performance of the Trust`s
investments; (3) the impact of increased competition; (4) the extent and timing
of any distributions or share repurchases; (5) the impact of legislative and
regulatory actions and reforms and regulatory, supervisory or enforcement
actions of government agencies relating to the Trust or BlackRock, as
applicable; (6) BlackRock`s ability to attract and retain highly talented
professionals; and (7) the impact of legislative and regulatory actions and
reforms and regulatory, supervisory or enforcement actions of government
agencies relating to BlackRock, Barclays PLC, Bank of America, Merrill Lynch or
PNC.
The Annual and Semi-Annual Reports and other regulatory filings of the Trust
with the SEC are accessible on the SEC's website at www.sec.govand on
BlackRock`s website at www.blackrock.com, and may discuss these or other factors
that affect the Trust. The information contained on our website is not a part of
this press release.
BlackRock Closed-End Funds
1-800-882-0052
Copyright Business Wire 2009
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