Re: IMO -- m2m -
posted on
Apr 15, 2008 11:53AM
BlackRock Refinancing ARS
By Andrew Edwards Word Count: 302 | Companies Featured in This Article: BlackRock, Eaton Vance Giant money manager BlackRock Inc. is refinancing $1.9 billion in auction-rate securities issued by its closed-end funds, including more than $1 billion in tax-free securities.The move is the largest by a fund manager to help investors trapped in the securities -- once widely marketed as cash-like -- the past two months as auctions began freezing in the wake of investment ...