BlackRock Advisors, LLC announced today that the Board of Trustees of BlackRock New York Municipal Bond Trust (NYSE:BQH, Financial), a closed-end fund, and the Board of Trustees of BlackRock Multi-State Municipal Series Trust (“Multi-State Municipal Series Trust”) approved the merger of BQH into BlackRock New York Municipal Opportunities Fund (“NYMO” and together with BQH, the “Funds”), an open-end mutual fund and a series of Multi-State Municipal Series Trust, with NYMO being the surviving Fund (the “Merger”). The Merger would provide common shareholders of BQH with shares of an open-end fund that may be redeemed on a daily basis at net asset value.
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