Form 4: Wells Fargo Disposes of BlackRock Municipal 2030 Target Term Trust Shares in Redemption

Wells Fargo & Company, through its subsidiary Wells Fargo Municipal Capital Strategies, LLC, disposed of 150 remarketable variable rate muni term preferred shares of BlackRock Municipal 2030 Target Term Trust due to a redemption by the issuer.

Summary

• On August 2, 2024, Wells Fargo Municipal Capital Strategies, LLC disposed of 150 remarketable variable rate muni term preferred shares (RVMTP Shares) of BlackRock Municipal 2030 Target Term Trust (BTT).
• The disposal was a result of a redemption by BlackRock Municipal 2030 Target Term Trust.
• The redemption price was $5,000,622.0765 per share, including a liquidation preference of $5,000,000.00 per share and accrued dividends of $622.0765 per share.
• Wells Fargo & Company holds an indirect interest in the securities through its wholly-owned subsidiary, Capital Strategies.
• Wells Fargo and Capital Strategies jointly filed the statement, but neither admits to acting as a group for the purpose of acquiring, holding, or disposing of securities of the Issuer.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Form 4 filings are standard practice when significant changes in beneficial ownership occur, providing transparency to the market.

Stakeholder Impact

• The redemption may slightly impact the fund's asset base, potentially affecting shareholders.

Key Dates