BlackRock Advisors, LLC today announced that the Board of Trustees of
BlackRock Credit Allocation Income Trust IV (NYSE:BTZ, the “Trust”) has
approved a name change for the Trust. Effective February 11, 2013, BTZ’s
name will be “BlackRock Credit Allocation Income Trust”.
This change was made following the completion of the reorganization of
BlackRock Credit Allocation Income Trust I, Inc. (formerly NYSE:PSW),
BlackRock Credit Allocation Income Trust II, Inc. (formerly NYSE:PSY)
and BlackRock Credit Allocation Income Trust III (formerly NYSE:BPP)
with and into BTZ in December 2012. The change announced today relates
only to the Trust’s name and the Trust will continue to trade on the
NYSE under its current ticker symbol.
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
December 31, 2012, BlackRock’s AUM was $3.792 trillion. BlackRock offers
products that span the risk spectrum to meet clients’ needs, including
active, enhanced and index strategies across markets and asset classes.
Products are offered in a variety of structures including separate
accounts, mutual funds, iShares® (exchange traded funds), and other
pooled investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base of
institutional investors through BlackRock Solutions®. Headquartered in
New York City, as of December 31, 2012, the firm has approximately
10,500 employees in 30 countries and a major presence in key global
markets, including North and South America, Europe, Asia, Australia and
the Middle East and Africa. For additional information, please visit
BlackRock’s website at www.blackrock.com.
This press release, and other statements that BlackRock or BTZ may make,
may contain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act, with respect to BTZ’s or BlackRock’s
future financial or business performance, strategies or expectations.
Forward-looking statements are typically identified by words or phrases
such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,”
“comfortable,” “expect,” “anticipate,” “current,” “intention,”
“estimate,” “position,” “assume,” “outlook,” “continue,” “remain,”
“maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or
future or conditional verbs such as “will,” “would,” “should,” “could,”
“may” or similar expressions.
BlackRock cautions that forward-looking statements are subject to
numerous assumptions, risks and uncertainties, which change over time.
Forward-looking statements speak only as of the date they are made, and
BlackRock assumes no duty to and does not undertake to update
forward-looking statements. Actual results could differ materially from
those anticipated in forward-looking statements and future results could
differ materially from historical performance.
With respect to BTZ, the following factors, among others, could cause
actual events to differ materially from forward-looking statements or
historical performance: (1) changes and volatility in political,
economic or industry conditions, the interest rate environment, foreign
exchange rates or financial and capital markets, which could result in
changes in demand for BTZ or in BTZ’s net asset value; (2) the relative
and absolute investment performance of BTZ and its investments; (3) the
impact of increased competition; (4) the unfavorable resolution of any
legal proceedings; (5) the extent and timing of any distributions or
share repurchases; (6) the impact, extent and timing of technological
changes; (7) the impact of legislative and regulatory actions and
reforms, including the Dodd-Frank Wall Street Reform and Consumer
Protection Act, and regulatory, supervisory or enforcement actions of
government agencies relating to BTZ or BlackRock, as applicable; (8)
terrorist activities, international hostilities and natural disasters,
which may adversely affect the general economy, domestic and local
financial and capital markets, specific industries or BlackRock; (9)
BlackRock’s ability to attract and retain highly talented professionals;
(10) the impact of BlackRock electing to provide support to its products
from time to time; and (11) the impact of problems at other financial
institutions or the failure or negative performance of products at other
Annual and Semi-Annual Reports and other regulatory filings of BTZ with
the Securities and Exchange Commission (“SEC”) are accessible on the
SEC's website at www.sec.gov
and on BlackRock’s website at www.blackrock.com,
and may discuss these or other factors that affect BTZ. The information
contained on BlackRock’s website is not a part of this press release.