Municipal Trust

BlackRock Municipal 2030 Target Term Trust (BTT) has reauthorized its open market share repurchase program, effective post-November 30, 2025, through November 30, 2026. The program allows for repurchasing up to 5% of outstanding shares to enhance shareholder value by driving NAV accretion. BlackRock aims to capitalize when BTT shares trade at a discount, potentially aiding the trust in returning at least $25 per share by 2030. The program’s success depends on market conditions, discount to NAV, and regulatory constraints.