X0306 4/A 2014-06-30 2014-07-01 0 0001517462 BlackRock Preferred Partners LLC N/A 0001060021 BlackRock Holdco 2, Inc. 55 EAST 52ND STREET NEW YORK NY 10055 0 0 1 1 Affil. of Investment Advisor Common Units 2014-06-30 4 S 0 312349 10.69 D 1769980.474 D The Reporting Person tendered 312,349 shares pursuant to an issuer tender offer. These shares were repurchased by the issuer at its net asset value per share, determined as of June 30, 2014 (the "Valuation Date"). This amendment is filed to report the issuer's net asset value per share as of the Valuation Date, which is typically not finalized until approximately 25 days after the Valuation Date. /s/ Janey Ahn, Director 2014-07-28