Term trust

Term trust

A closed-end fund that has a fixed termination or maturity date.

Term Trust

A unit investment trust with a maturity date. That is, a term trust is an unmanaged portfolio of securities that an investor may buy. At the maturity date, all shares in the term trust are redeemed, and shareholders are entitled to the profits (or must suffer the losses) that the portfolio has achieved over its life. It is a type of closed-end investment company.
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NEW YORK -- On January 2, 2013, each of BlackRock Municipal 2018 Term Trust (NYSE: BPK), BlackRock California Municipal 2018 Term Trust (NYSE: BJZ), BlackRock New York Municipal 2018 Term Trust (NYSE: BLH), BlackRock Municipal 2020 Term Trust (NYSE: BKK) and BlackRock Florida Municipal 2020 Term Trust (NYSE: BFO),the five BlackRock closed-end term trusts with auction rate preferred shares ("ARPS") outstanding (the "Term Trusts"), announced partial redemptions of their respective ARPS.
In the news release, Nations Government Income Term Trust 2004, Inc.
BlackRock today reported the net asset values, as of the close of business on September 21, 2001, for The BlackRock California Insured Municipal 2008 Term Trust (NYSE: BFC; CUSIP: 09247G108), The BlackRock California Investment Quality Municipal Trust Inc.
NYSE: BNA; CUSIP: 092475102), The BlackRock Strategic Term Trust Inc.
Presentations made to branch offices at Dean Witter for one of the Term Trust offerings focused sharply on CD holders and money market investors and told brokers "CD investors are looking for safety and competitive yields - features available in Term Trust 2000.
American Adjustable Rate Term Trust 1996 (BDJ) distributions for June, July and August were declared on May 15, 1995.
Fund Symbol 12/31/94 Net assets NAV per share (000) American Municipal Term Trust AXT 131,420 10.