BTA Research | Milton Maxwell

BTA

BlackRock Long-Term Municipal Advantage Trust

9.47

-0.01-0.11%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

127.28M

P/E (TTM)

Basic EPS (TTM)

-0.65

Dividend Yield

0.06%

Recent Filings

8-K

Standstill pact with Saba

1/21/25Jan 21, 2025

BlackRock Long-Term Municipal Advantage Trust inked a standstill agreement with Saba Capital Management on January 20, 2025, curbing activist moves until after the 2027 annual meeting or August 31, 2027. Saba pledges to vote shares with the board's recommendations and skips proxy fights or board challenges. Mutual no-disparagement clauses foster stability. Litigation stays off-limits, barring specific exceptions.

8-K

Annual meeting scheduled

2/4/11Feb 4, 2011

BlackRock Long-Term Municipal Advantage Trust announced its 2011 Annual Meeting of Shareholders for July 28, 2011, under Regulation FD. Shareholder proposals under Rule 14a-8 must arrive by February 28, 2011, while director nominations and other proposals need submission by February 14, 2011. This routine scheduling enables investor input. Deadlines drive participation.

8-K

Bylaws fully restated

10/29/10Oct 29, 2010

BlackRock Long-Term Municipal Advantage Trust's Board amended and restated its bylaws in full on October 25, 2010, effective October 28. This update modernizes governance for the municipal bond fund. No specific impacts disclosed. Bylaws filed as Exhibit 3.1.

8-K

Bylaws amended for standardization

10/7/08Oct 7, 2008

BlackRock Long-Term Municipal Advantage Trust amended and restated its bylaws effective May 29, 2008, to standardize them across BlackRock's closed-end funds, enable Direct Registration System eligibility, and add advance notice rules for shareholder proposals on director nominations or other business at meetings after the 2008 annual gathering. This filing, reported October 7, 2008, under Regulation FD, promotes governance uniformity. No financial impacts disclosed. Bylaws attached as Exhibit 3.1.

8-K

BlackRock funds set proposal deadline

5/30/07May 30, 2007

BlackRock closed-end funds, including the Long-Term Municipal Advantage Trust, announced on May 30, 2007, that their annual shareholder meetings will occur no later than September 30, 2007—more than 30 days from last year's dates. This shift sets a June 20, 2007, deadline for submitting proposals under SEC Rule 14a-8 for proxy inclusion. Shareholder proposals due soon. The filing highlights standard governance updates amid BlackRock's $1.154 trillion assets under management as of March 31, 2007.

About

BlackRock Long-Term Municipal Advantage Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It uses financial derivatives to invest in municipal obligations. The fund primarily invests in long-term municipal bonds with a maturity of more than ten years at the time of investment. BlackRock Long-Term Municipal Advantage Trust was formed on February 28, 2006 and is domiciled in United States.

CEO

Mr. Charles Choon Sik Park

IPO

2/27/2006

Website

https://www.blackrock.com/investing/products/240220/blackrock-longterm-municipal-advantage-trust-usd-fund

Sector

Financial Services

Industry

Asset Management