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BlackRock Preferred and Equity Advantage Trust
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Schedule of Investments as of January 31, 2008 (Unaudited)
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Face
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Industry
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Amount
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Corporate Bonds
|
|
Value
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|
Commercial Banks - 25.8%
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$
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20,100,000
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|
BNP Paribas, 7.195% due 6/29/2049 (c)(e)(g)
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$
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19,369,867
|
|
|
|
6,685,000
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Bank of Ireland Capital Funding II, LP, 5.571%
|
|
|
|
|
|
|
|
due 2/01/2049 (c)(e)
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|
5,798,074
|
|
|
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30,000,000
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|
Bank of Ireland Capital Funding III, LP, 6.107%
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|
|
|
|
|
|
|
due 8/29/2049 (c)(e)
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25,836,690
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|
|
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11,500,000
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Barclays Bank Plc, 6.86% due 9/29/2049 (c)(e)
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|
11,178,575
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|
|
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20,000,000
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Commonwealth Bank of Australia, 6.024%
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|
|
|
|
|
|
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due 3/29/2049 (c)(e)
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18,706,280
|
|
|
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27,495,000
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Credit Agricole SA, 6.637% due 5/29/2049 (c)(e)
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25,006,015
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|
|
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25,000,000
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HBOS Plc, 6.657% due 5/01/2049 (c)(e)
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|
20,385,575
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|
|
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2,500,000
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ICICI Bank Ltd., 6.375% due 4/30/2022 (c)(e)
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|
2,109,592
|
|
|
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24,480,000
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ICICI Bank Ltd., 7.25% due 8/29/2049 (c)(e)(f)
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|
21,675,816
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|
|
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5,000,000
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Kazkommerts Finance 2 B.V., 9.20% due 11/29/2049 (c)
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|
4,150,000
|
|
|
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12,500,000
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Lloyds TSB Group Plc, 6.267% due 11/29/2049 (c)(e)
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|
11,054,225
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21,000,000
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Mizuho Capital Investment 1 Ltd., 6.686%
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|
|
|
|
|
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due 12/31/2049 (c)(e)
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18,933,810
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16,825,000
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Resona Preferred Global Securities Ltd., 7.191%
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|
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|
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due 12/29/2049 (c)(e)
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16,690,501
|
|
|
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3,130,000
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Royal Bank of Scotland Group Plc, 7.648%
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|
|
|
|
|
|
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due 8/31/2049 (c)
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3,250,921
|
|
|
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6,100,000
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Royal Bank of Scotland Plc Series MTN, 7.64%
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|
|
|
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due 3/31/2049 (c)
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6,247,669
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10,000,000
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SMFG Preferred Capital USD 1 Ltd., 6.078% due
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|
|
|
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1/29/2049 (c)(e)
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9,248,800
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7,000,000
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Shinsei Finance II (Cayman) Ltd., 7.16%
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due 7/29/2049 (c)(e)
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5,615,316
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17,850,000
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Societe Generale, 5.922% due 12/31/2049 (c)(e)
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16,466,304
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8,175,000
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Standard Chartered Bank, 7.014% due 12/30/2049 (c)(e)
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|
7,749,311
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|
|
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7,150,000
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Woori Bank, 6.208% due 5/02/2067 (c)(e)
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6,143,874
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|
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255,617,215
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Diversified Financial Services - 6.3%
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20,475,000
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Bank of America Corp. Series K, 8% due 12/29/2049 (c)
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21,268,406
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|
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5,000,000
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C10 Capital SPV Ltd., 6.722% due 12/31/2049 (c)(e)
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4,372,800
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10,000,000
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ING Groep NV, 5.775% due 12/29/2049 (c)
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|
9,323,460
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12,875,000
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JPMorgan Chase Capital XXI Series U, 4.062%
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|
|
|
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due 2/02/2037 (c)
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9,570,129
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|
|
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18,400,000
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JPMorgan Chase Capital XXV, 6.80% due 10/01/2037
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17,389,472
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283,000
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Stan IV Ltd., 7.137% due 7/20/2011 (c)
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271,680
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62,195,947
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Electric Utilities - 0.5%
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552,000
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Duke Energy Carolinas LLC, 5.25% due 1/15/2018
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561,134
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|
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3,900,000
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PPL Capital Funding, 6.70% due 3/30/2067 (c)
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|
3,589,950
|
|
|
|
300,000
|
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Southern California Edison Co. Series 08-A, 5.95%
|
|
|
|
|
|
|
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due 2/01/2038
|
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299,914
|
|
|
|
|
|
|
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4,450,998
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Gas Utilities - 0.5%
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|
5,000,000
|
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Southern Union Co., 7.20% due 11/01/2066 (c)
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4,918,140
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Insurance - 18.5%
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|
12,000,000
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AXA SA, 6.463% due 12/31/2049 (c)(e)
|
|
10,452,240
|
|
|
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8,675,000
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The Allstate Corp., 6.50% due 5/15/2057 (c)
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|
7,905,354
|
|
|
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8,725,000
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The Allstate Corp. Series B, 6.125% due 5/15/2067 (c)
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|
8,489,189
|
|
|
|
11,150,000
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American International Group, Inc., 6.25% due 3/15/2087
|
|
9,741,655
|
|
|
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15,300,000
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Chubb Corp., 6.375% due 3/29/2067 (c)
|
|
15,078,609
|
|
|
|
12,025,000
|
|
Everest Reinsurance Holdings, Inc., 6.60%
|
|
|
|
|
|
|
|
due 5/01/2067 (c)
|
|
10,621,923
|
|
|
|
11,600,000
|
|
Liberty Mutual Group, Inc., 7% due 3/15/2037 (c)(e)
|
|
10,253,820
|
|
|
|
3,750,000
|
|
Lincoln National Corp., 7% due 5/17/2066 (c)
|
|
3,729,491
|
|
|
|
4,225,000
|
|
Lincoln National Corp., 6.05% due 4/20/2067 (c)
|
|
3,945,597
|
|