BMN

NYSEMunicipal Bonds Municipal

BlackRock 2037 Municipal Target Term Trust

Sponsor: BlackRock · Inception Oct 27, 2022 · Pays monthly

Market priceShare price

$22.09

+1.07% (+$0.23)

NAVAsset value per share

$23.38

as of Oct 13, 2026 · Nasdaq NAV symbol

Premium / discountPrice vs. assets

5.54% discount *

Indicative: latest price vs latest reported NAV

Distribution rate (price)Payout rate

5.39%

regular, annualised · on NAV 5.09%

Expense ratioAnnual cost

2.17%

fee table, Jul 2, 2026

LeverageBorrowing

Not reported

senior securities not tagged

Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 3:59 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 5:45 PM EDTRegular-session prices; extended-hours quotes are not displayed.

Links go to SEC EDGAR or the sponsor. Document dates are the filing's report date (or filing date); an older prospectus is shown with its date and is not a current comprehensive source. Links are checked weekly; failures are flagged.

Sponsor & official fund page

The sponsor's site carries daily NAV, fact sheets, distribution notices (Section 19(a)), tax information and reinvestment-plan terms.

Document	Date	Filed	Form	Source	Status
Sponsor websitelatest	—	—	—	Sponsor	OK (Oct 11, 2026, 12:25 AM EDT)

Prospectus & registration statements

Form N-2 and supplements: investment policies, fee table, leverage terms, rights offerings, at-the-market programmes.

Document	Date	Filed	Form	Source	Status
Prospectus (Rule 424(b)(2)) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUSTlatest · filing index	Jul 2, 2026	Jul 2, 2026	424B2	SEC EDGAR	OK (Oct 11, 2026, 12:25 AM EDT)
Registration statement amendment (Form N-2/A) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUST · filing index	Jun 22, 2026	Jun 22, 2026	N-2/A	SEC EDGAR	unchecked
Registration statement / prospectus (Form N-2) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUST · filing index	Mar 26, 2026	Mar 26, 2026	N-2	SEC EDGAR	unchecked
Registration statement amendment (Form N-2/A) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUST · filing index	Oct 26, 2022	Oct 26, 2022	N-2/A	SEC EDGAR	unchecked
Registration statement amendment (Form N-2/A) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUST · filing index	Sep 27, 2022	Sep 27, 2022	N-2/A	SEC EDGAR	unchecked
Registration statement amendment (Form N-2/A) — N-2/A · filing index	Jul 28, 2022	Jul 28, 2022	N-2/A	SEC EDGAR	unchecked
Registration statement / prospectus (Form N-2) — BLACKROCK 2040 MUNICIPAL TARGET TERM TRUST · filing index	Nov 19, 2020	Nov 19, 2020	N-2	SEC EDGAR	unchecked

Annual reports (N-CSR)

Financial highlights, statements, notes on leverage and fees, distribution sources.

Document	Date	Filed	Form	Source	Status
Annual shareholder report (Form N-CSR) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUSTlatest · filing index	Dec 31, 2025	Mar 5, 2026	N-CSR	SEC EDGAR	OK (Oct 11, 2026, 12:25 AM EDT)
Annual shareholder report (Form N-CSR) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUST · filing index	Dec 31, 2024	Mar 7, 2025	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUST · filing index	Dec 31, 2023	Mar 6, 2024	N-CSR	SEC EDGAR	unchecked
Annual shareholder report (Form N-CSR) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUST · filing index	Dec 31, 2022	Mar 6, 2023	N-CSR	SEC EDGAR	unchecked

Semi-annual reports (N-CSRS)

Document	Date	Filed	Form	Source	Status
Semi-annual shareholder report (Form N-CSRS) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUSTlatest · filing index	Jun 30, 2026	Sep 3, 2026	N-CSRS	SEC EDGAR	OK (Oct 11, 2026, 12:25 AM EDT)
Semi-annual shareholder report (Form N-CSRS) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUST · filing index	Jun 30, 2025	Sep 4, 2025	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUST · filing index	Jun 30, 2024	Sep 5, 2024	N-CSRS	SEC EDGAR	unchecked
Semi-annual shareholder report (Form N-CSRS) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUST · filing index	Jun 30, 2023	Sep 1, 2023	N-CSRS	SEC EDGAR	unchecked

Portfolio holdings (N-PORT)

Monthly portfolio filed quarterly with a ~60-day lag.

Document	Date	Filed	Form	Source	Status
Monthly portfolio holdings (Form N-PORT)latest · filing index	Jun 30, 2026	Aug 25, 2026	NPORT-P	SEC EDGAR	OK (Oct 11, 2026, 12:25 AM EDT)
Monthly portfolio holdings (Form N-PORT) · filing index	Mar 31, 2026	May 28, 2026	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Dec 31, 2025	Feb 24, 2026	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Sep 30, 2025	Nov 26, 2025	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Jun 30, 2025	Aug 26, 2025	NPORT-P	SEC EDGAR	unchecked
Monthly portfolio holdings (Form N-PORT) · filing index	Mar 31, 2025	May 28, 2025	NPORT-P	SEC EDGAR	unchecked

Proxy statements & reorganisations

Shareholder votes: directors, mergers, liquidations, conversions.

Document	Date	Filed	Form	Source	Status
Proxy statement (DEF 14A) — CLASSIFIED FUND N&Platest · filing index	Jul 22, 2026	Jun 2, 2026	DEF 14A	SEC EDGAR	OK (Oct 11, 2026, 12:25 AM EDT)
Proxy statement (DEF 14A) — CLASSIFIED FUND N&P · filing index	Jul 11, 2025	May 22, 2025	DEF 14A	SEC EDGAR	unchecked
Proxy statement (DEF 14A) — CLASSIFIED FUND N&P · filing index	Jul 26, 2024	Jun 5, 2024	DEF 14A	SEC EDGAR	unchecked
Additional proxy materials (DEFA14A) — BLACKROCK CLOSED END FUNDS DEFA14A · filing index	Jun 21, 2024	Jun 21, 2024	DEFA14A	SEC EDGAR	unchecked
Additional proxy materials (DEFA14A) — DEFA14A · filing index	May 20, 2024	May 20, 2024	DEFA14A	SEC EDGAR	unchecked
Additional proxy materials (DEFA14A) — BLACKROCK 2037 MUNICIPAL TARGET TERM TRUST · filing index	Jul 14, 2023	Jul 14, 2023	DEFA14A	SEC EDGAR	unchecked
Proxy statement (DEF 14A) — CLASSIFIED FUND N&P · filing index	May 23, 2023	May 23, 2023	DEF 14A	SEC EDGAR	unchecked

Current reports (8-K)

Document	Date	Filed	Form	Source	Status
Current report (8-K)latest · filing index	Jan 20, 2025	Jan 21, 2025	8-K	SEC EDGAR	OK (Oct 11, 2026, 12:25 AM EDT)

Annual census (N-CEN)

Document	Date	Filed	Form	Source	Status
Annual census report (Form N-CEN)latest · filing index	Dec 31, 2025	Mar 13, 2026	N-CEN	SEC EDGAR	OK (Oct 11, 2026, 12:25 AM EDT)
Annual census report (Form N-CEN) · filing index	Dec 31, 2024	Mar 17, 2025	N-CEN	SEC EDGAR	unchecked
Annual census report (Form N-CEN) · filing index	Dec 31, 2023	Mar 14, 2024	N-CEN	SEC EDGAR	unchecked

Other

Document	Date	Filed	Form	Source	Status
Proxy voting record (N-PX)latest · filing index	Jun 30, 2026	Aug 26, 2026	N-PX	SEC EDGAR	OK (Oct 11, 2026, 12:25 AM EDT)
Proxy voting record (N-PX) · filing index	Jun 30, 2025	Aug 27, 2025	N-PX	SEC EDGAR	unchecked
Proxy voting record (N-PX) · filing index	Jun 30, 2024	Aug 27, 2024	N-PX	SEC EDGAR	unchecked
Proxy voting record (N-PX) — BR 2037 MUNICIPAL TARGET TERM TRUST · filing index	Jun 30, 2023	Aug 25, 2023	N-PX	SEC EDGAR	unchecked
All SEC filings for this fund (EDGAR)latest	—	—	—	SEC EDGAR	OK (Oct 11, 2026, 12:25 AM EDT)

Not on file for this fund: fact sheets, distribution notices, tax information, reinvestment plan. These are published on the sponsor's site rather than EDGAR; use the sponsor link above.

CEF Explorer research page for BlackRock 2037 Municipal Target Term Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.