Blackrock Preferred & Equity Advantage Trust-Notice by closed-end investment companies of intention to call or rede... (N-23C-2)
May 19 2008 - 9:17AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
RULE
23C-2 NOTICE OF INTENTION TO REDEEM SECURITIES
of
BlackRock
Preferred and Equity Advantage Trust
100
Bellevue Parkway
Wilmington,
DE 19809
(888)
825-2257
under
the
Investment
Company Act of 1940
Investment
Company Act File No. 811-21972
1.
|
Title
of the class of securities of BlackRock Preferred and Equity Advantage
Trust (the "
Fund
") to be
redeemed:
|
Auction
Market Preferred Shares, par value $.001 per share, as identified by series and
CUSIP in Annex A hereto (the "
Shares
").
2.
|
The
date on which the securities are to be called or
redeemed:
|
See
Annex A for the dates on which Shares of each series are to be redeemed (the
"
Redemption
Date
").
3.
|
The
applicable provisions of the governing instrument pursuant to which the
securities are to be called or
redeemed:
|
The
Shares are to be redeemed pursuant to Section 9(a)(i) of the Fund's Statement of
Preferences.
4.
|
The
principal amount or number of shares and the basis upon which the
securities to be redeemed are to be
selected:
|
See
Annex A for information concerning the number of Shares of each series and the
aggregate principal amount of Shares of each series to be
redeemed. The Depository Trust Company (DTC), holder of record of the
Shares, determines by random lottery how the redemption will be allocated among
each participant broker-dealer account that holds Shares and each participant
broker-dealer determines how to allocate each redemption among the holders of
the Shares held by it.
SIGNATURE
Pursuant to the requirement of Rule
23c-2 of the Investment Company Act of 1940, the Fund has duly caused
th
i
s Notice
of Intention to Redeem Securities to be signed on its behalf by the undersigned
on this 19
th
day of
May, 2008.
|
BLACKROCK
PREFERRED AND EQUITY
ADVANTAGE
TRUST
|
|
|
|
By:
|
/s/
Neal J. Andrews
|
|
|
|
Name: Neal
J. Andrews
|
|
|
Title:
Chief Financial Officer
|
Series
|
CUSIP
|
Redemption
Date
|
Total
Shares to be Redeemed
|
Aggregate
Principal Amount to be Redeemed
|
T7
|
092508209
|
June
11, 2008
|
2,310
|
$57,750,000
|
W7
|
092508308
|
June
12, 2008
|
2,310
|
$57,750,000
|
R7
|
092508407
|
June
13, 2008
|
2,310
|
$57,750,000
|
F7
|
092508506
|
June
9, 2008
|
2,310
|
$57,750,000
|
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