SEC Form 4 · accession 0001209191-15-035310
BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST · BPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Fabozzi
Director
Period of report
Apr 13, 2015
Accepted (ET)
Apr 21, 2015 · 3:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001089821
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 13, 2015 | J | 100 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective as of April 13, 2015, The BlackRock Pennsylvania Strategic Municipal Trust (the "Target Fund") was reorganized into BlackRock MuniYield Pennsylvania Quality Fund (the "Acquiring Fund"). In the Reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on April 10, 2015, less the costs of the Reorganization. As of April 10, 2015, the Target Fund reported a NAV per share of $14.5988 and the Acquiring Fund reported a NAV per share of $16.0538. The conversion ratio for the Target Fund's common shares was 0.90936725. In the Reorganization, Frank Fabozzi received 90 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 100 common shares of the Target Fund.