BlackRock Long-Term Municipal Advantage Trust

BlackRock Long-Term Municipal Advantage Trust (BTA) is a closed-end management investment company that aims to provide current income exempt from regular U.S. federal income tax. The Trust seeks to achieve this objective by investing at least 80% of its assets, under normal market conditions, in municipal obligations and derivative instruments that are expected to pay interest or income exempt from U.S. federal income tax, though the interest may be subject to the U.S. federal alternative minimum tax. The Trust primarily invests in long-term municipal bonds with a maturity of more than ten years at the time of investment, and its municipal bond portfolio will typically have a dollar-weighted average maturity greater than 10 years. BlackRock Long-Term Municipal Advantage Trust may invest directly in these securities or synthetically through the use of derivatives. The fund's investment strategy focuses on purchasing investment-grade municipal bonds with longer maturities, which have historically offered higher yields. BTA is managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc. Sources: [1] https://www.blackrock.com/us/individual/literature/fact-sheet/long-term-municipal-advantage-trust-usd-factsheet-us09250b1035-us-en-individual.pdf [2] https://www.sec.gov/Archives/edgar/data/1343793/000119312524264077/d851273dncsrsa.htm [3] https://www.marketbeat.com/stocks/NYSE/BTA/ [4] https://www.indmoney.com/us-stocks/blackrock-long-term-municipal-advantage-trust-share-price-bta [5] https://www.sec.gov/Archives/edgar/data/1343793/000119312525074481/d901148dncsrs.htm