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BlackRock Municipal 2030 Target Term Trust (BTT) Announces Share Repurchase Program

1. BlackRock reauthorized BTT's share repurchase program for up to 5%. 2. This may enhance shareholder value and reduce supply.

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FAQ

Why Bullish?

Repurchase programs often signal confidence in a company's value and can support share prices. Historical examples show that firms undertaking buyback programs typically see an increase in stock value due to lower share supply and renewed investor interest.

How important is it?

The announcement of a buyback program is significant as it reflects the Trust's strategy to enhance shareholder value, which is closely tied to market performance and investor sentiment. Given its direct impact on the share supply, this could lead to a positive revaluation of BTT.

Why Short Term?

The immediate expectation of a share buyback program can boost demand and resulting stock price, creating short-term positive sentiment. However, the long-term impact depends on ongoing financial performance and market conditions.

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BLKBNDMUNI
NEW YORK--(BUSINESS WIRE)---- $BTT--BlackRock Advisors, LLC announced today that the Board of Trustees (the “Board”) of BlackRock Municipal 2030 Target Term Trust (“BTT” or the “Trust”) has reauthorized the Trust's open market share repurchase program (the “Repurchase Program”). Under BTT's most recent Repurchase Program, which ended November 30, 2024, the Trust could repurchase up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2023) in open market transaction.

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