0001752724-19-142103.txt : 20191011 0001752724-19-142103.hdr.sgml : 20191011 20191011135237 ACCESSION NUMBER: 0001752724-19-142103 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20190731 FILED AS OF DATE: 20191011 DATE AS OF CHANGE: 20191011 EFFECTIVENESS DATE: 20191011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Municipal 2030 Target Term Trust CENTRAL INDEX KEY: 0001528437 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22603 FILM NUMBER: 191147839 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809-3700 BUSINESS PHONE: (800) 882-0052 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809-3700 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Municipal Target Term Trust DATE OF NAME CHANGE: 20120625 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Municipal 2027 Term Trust DATE OF NAME CHANGE: 20110823 N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001528437 XXXXXXXX 811-22603 false false false N-2 BlackRock Municipal 2030 Target Term Trust 811-22603 0001528437 549300TDIJ2J8F6X3N04 100 Bellevue Parkway Wilmington 19809 US-DE US 800-441-7762 State Street Bank and Trust Company 1 Lincoln Street Boston 02111 617-786-3000 Records related to its functions as custodian, sub-administrator and accounting agent Computershare Trust Company, National Association 250 Royall Street Canton 02021 781-575-2000 Records related to its functions as transfer agent BlackRock Advisors, LLC 100 Bellevue Parkway Wilmington 19809 302-797-2000 Records related to its functions as advisor and administrator BlackRock Investments, LLC 40 East 52nd Street New York 10022 609-282-3046 Records related to its functions as distributor N N N-2 Y R. Glenn Hubbard 000000000 N Henry Gabbay 000000000 N Karen P. Robards 000000000 N W. Carl Kester 000000000 N Catherine A. Lynch 000000000 N John M. Perlowski 000000000 Y Richard E. Cavanagh 000000000 N Robert Fairbairn 004992372 Y Cynthia L. Egan 000000000 N Frank J. Fabozzi 000000000 N Michael J. Castellano 000000000 N Charles Park 000000000 55 East 52nd Street New York 10055 XXXXXX N N N N N BlackRock Investments, LLC 8-48436 000038642 00000000000000000000 Y N Deloitte & Touche LLP 34 00000000000000000000 N N N N N N BlackRock Municipal 2030 Target Term Trust 549300TDIJ2J8F6X3N04 N 0 0 0 Target Date Fund N N Y N BlackRock Investment Management, LLC 5493006MRTEZZ4S4CQ20 Y N Cash collateral reinvestment fee Other Revenue sharing split Rebates paid to borrowers N/A N/A Rule 17e-1 (17 CFR 270.17e-1) Rule 10f-3 (17 CFR 270.10f-3) Rule 17a-7 (17 CFR 270.17a-7) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y N N BlackRock Advisors, LLC 801-47710 000106614 5493001LN9MRM6A35J74 N Computershare Trust Company, National Association 85-11340 2549001YYB62BVMSAO13 N N N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Services, Inc. 13-3668779 Tax ID N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N N Credit Suisse Securities (USA) LLC 1V8Y6QCX6YMJ2OELII46 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) Barclays Capital Inc. AC28XWWI3WIBK2824319 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) UBS Securities LLC T6FIZBDPKLYJKFCRVK44 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) N N BlackRock Advisors, LLC 5493001LN9MRM6A35J74 Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y N BlackRock Investments, LLC 8-48436 000038642 00000000000000000000 0.00000000 Solebury Capital, LLC 8-67548 000143299 5493000RFBRZED82XQ81 0.00000000 PNC Capital Markets, Inc. 8-32493 000015647 7OGNSSLOQJ8U3B9Y5F18 0.00000000 Harris Williams LLC 8-53380 000113930 00000000000000000000 0.00000000 Trout Capital LLC 8-66474 000131489 00000000000000000000 0.00000000 BlackRock Execution Services 8-48719 000039438 549300HFCRQ0NT5KY652 0.00000000 PNC Investments LLC 8-66195 000129052 00000000000000000000 0.00000000 0.00000000 BofA Securities, Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 154785014.58000000 Wells Fargo Securities, LLC 8-65876 000126292 VYVVCKR63DVZZN70PB21 182216596.40000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 174138994.48000000 RBC Capital Markets, LLC 8-45411 000031194 549300LCO2FLSSVFFR64 54522726.02000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 85911178.78000000 BlackRock Liquidity Funds - MuniCash N/A 000000000 549300RWBJ885673DL84 678868392.80000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 70818777.30000000 JPMorgan Chase & Co. 8-35008 000000079 8I5DZWZKVSZI1NUHU748 89494978.97000000 Pershing LLC 8-17574 000007560 ZI8Q1A8EI8LQFJNM0D94 62517993.95000000 Janney Montgomery Scott LLC 8-00462 000000463 549300QQRY1JCFQHYS08 101536572.25000000 1816673808.89000000 N 1698242857.28000000 Preferred stock Remarketable Variable Rate Muni Term Preferred Shares Common stock BlackRock Municipal 2030 Target Term Trust N N N N N N 0.40000000 2.07000000 23.49000000 25.60000000 true true INTERNAL CONTROL RPT 2 NCEN_11219298717692373.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders and Board of Trustees of BlackRock California Municipal Income Trust, BlackRock Municipal 2030 Target Term Trust, BlackRock Municipal Income Investment Trust, and BlackRock New York Municipal Income Trust: In planning and performing our audits of the financial statements of BlackRock California Municipal Income Trust, BlackRock Municipal 2030 Target Term Trust, BlackRock Municipal Income Investment Trust, and BlackRock New York Municipal Income Trust (the "Funds"), as of and for the year ended July 31, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N- CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion. The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a company's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of July 31, 2019. This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ Deloitte & Touche LLP Boston, Massachusetts September 23, 2019 MATERIAL AMENDMENTS 3 BTT.htm  

BLACKROCK MUNICIPAL 2030 TARGET TERM TRUST

 

AMENDMENT TO
STATEMENT OF PREFERENCES OF

REMARKETABLE VARIABLE RATE MUNI TERM PREFERRED SHARES
(“RVMTP SHARES”)

DATED JANUARY 8, 2013

(THE “STATEMENT OF PREFERENCES”)

The undersigned officer of BlackRock Municipal 2030 Target Term Trust (the “Trust”), a Delaware statutory trust, hereby certifies as follows:

1.                  The Board of Trustees of the Trust (with the consent of the Total Holders (as defined in the Statement of Preferences) of the RVMTP Shares required under Section 6 of the Statement of Preferences) has adopted resolutions to amend the Statement of Preferences as follows as of December 12, 2018:

(a)                All references to the name of the Trust in the Statement of Preferences are hereby deleted and replaced with BlackRock Municipal 2030 Target Term Trust.

(b)                The section titled “Designation” in the Statement of Preferences is hereby deleted and replaced in its entirety with the following:

Series W-7: A series of 150 preferred shares of beneficial interest in the Trust, par value

$0.001 per share, liquidation preference $5,000,000 per share, is hereby authorized and designated “Series W-7 RVMTP Shares”. Each Series W-7 RVMTP Share shall be issued on a date or dates determined by the Board of Trustees of the Trust or pursuant to their delegated authority; have an Applicable Rate on December 13, 2018 equal to the sum of 0.575% per annum plus 75% of the one-month LIBOR Rate (as defined herein); and have such other preferences, voting powers, restrictions, limitations as to dividends and distributions, qualifications and terms and conditions of redemption, required by Applicable Law and that are expressly set forth in this Statement of Preferences and the Declaration of Trust. The Series W-7 RVMTP Shares shall constitute a separate series of preferred shares of beneficial interest in the Trust and each Series W-7 RVMTP Share shall be identical. Except as otherwise provided with respect to any additional Series of RVMTP Shares, the terms and conditions of this Statement of Preferences apply to each Series of RVMTP Shares.

 

(c)                The definitions of “SIFMA” and “SIFMA Municipal Swap Index” in the “Definitions” section of the Statement of Preferences are hereby deleted.

 

(d)               The definition of “Applicable Base Rate” in the Definitions section of the Statement of Preferences is hereby deleted and replaced in its entirety with the following:

“Applicable Base Rate” means 75% of the one-month LIBOR Rate on the applicable Rate Determination Date.

(e)                The first sentence of Section 2(e)(ii) of the Statement of Preferences is hereby deleted and replaced in its entirety with the following:

The “Applicable Spread” shall be equal to 0.575% until the occurrence of a Rate Change Date.

 

31530820.1

 

(f)                The definition of “LIBOR Rate” in the Definitions section of the Statement of Preferences is hereby deleted and replaced in its entirety with the following:

“LIBOR Rate” means, on any Rate Determination Date, (i) the one-month LIBOR rate for deposits in United States dollars, which appears on Reuters display page LIBOR01 (“Page LIBOR01”) (or such other page as may replace that page on that service, or such other service as may be selected by the LIBOR Dealer or its successors that are LIBOR Dealers) as of 11:00 a.m. London, England time, on the day that is the London Business Day preceding the Rate Determination Date (the “LIBOR Determination Date”), or (ii) if such rate does not appear on Page LIBOR01 or such other page as may replace such Page LIBOR01, (A) the LIBOR Dealer shall determine the arithmetic mean of the offered quotations of the Reference Banks to leading banks in the London interbank market for deposits in U.S. dollars for the designated Rate Period in an amount determined by such LIBOR Dealer by reference to requests for quotations as of approximately 11:00 a.m. (London, England time) on such date made by such LIBOR Dealer to the Reference Banks, (B) if at least two of the Reference Banks provide such quotations, the LIBOR Rate shall equal such arithmetic mean of such quotations, (C) if only one or none of the Reference Banks provide such quotations, the LIBOR Rate shall be deemed to be the arithmetic mean of the offered quotations that leading banks in The City of New York, New York selected by the LIBOR Dealer (after obtaining the Trust’s approval) are quoting on the relevant LIBOR Determination Date for deposits in United States dollars for the designated Rate Period in an amount determined by the LIBOR Dealer (after obtaining the Trust’s approval) that is representative of a single transaction in such market at such time by reference to the principal London, England offices of leading banks in the London interbank market; provided, however, that if one of the LIBOR Dealers does not quote a rate required to determine the LIBOR Rate, the LIBOR Rate will be determined on the basis of the quotation or quotations furnished by any Substitute LIBOR Dealer or Substitute LIBOR Dealers selected by the Trust to provide such rate or rates not being supplied by the LIBOR Dealer. Notwithstanding the foregoing, if (A) the one- month LIBOR Rate determined as set forth above would otherwise be less than zero (0), the one- month LIBOR Rate for such Rate Determination Date will be deemed to be zero (0), and (B) the one-month LIBOR Rate no longer appears or is not otherwise calculable as provided above (the “LIBOR Unavailability Date”), then the one-month LIBOR Rate shall mean (i) the “Federal Funds Rate,” which appears on Bloomberg display page FEDL01 (“Page FEDL01”) (or such other page as may replace that page on that service, or such other service as may be selected by the LIBOR Dealer or its successors that are LIBOR Dealers) as of 5:00 p.m. New York City time plus 0.10%, or (ii) if such rate does not appear on Page FEDL01 or such other page as may replace such Page FEDL01 (the date on which such rate no longer appears on such page, the “Fed Funds Unavailability Date”), the Board of Trustees shall in good faith select a reasonably comparable index, which such other index shall be subject to the prior written consent of the Total Holders (the “Replacement”). If applicable, the one-month LIBOR Rate from the latter of (i) the LIBOR Unavailability Date and (ii) the Fed Funds Unavailability Date to the date the Replacement becomes effective with the prior written consent of the Total Holders as provided above, shall be equal to the one-month LIBOR Rate as in effect immediately prior to the latter of (i) the LIBOR Unavailability Date and (ii) the Fed Funds Unavailability Date.

2.                  Except as amended hereby, the Statement of Preferences remains in full force and effect.

3.                  An original copy of this amendment shall be lodged with the records of the Trust and filed in such places as the Trustees deem appropriate.

[Signature Page Follows]

2

 

31530820.1

            IN WITNESS WHEREOF, BlackRock Municipal 2030 Target Term Trust has caused these presents to be signed as of December 12, 2018 in its name and on its behalf by its Vice President and attested by its Secretary.  Said officers of the Trust have executed this amendment as officers and not individually, and the obligations and rights set forth in this amendment are not binding upon any such officers, or the trustees or shareholders of the Trust, individually, by are binding only upon the assets and property of the Trust.

 

BLACKROCK MUNICIPAL 2030 TARGET TERM TRUST

 

By: /s/ Jonathan Diorio                                               

Name: Jonathan Diorio

Title: Vice President

 

 

ATTEST:

 

 

/s/ Janey Ahn                          

Name:  Janey Ahn

Title:    Secretary

3