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| BlackRock California Municipal 2018 Term Trust |
| 100 Bellevue Parkway, Wilmington, DE 19809 * (888) 825-2257 |
| Business Description | The company is a newly organized, non-diversified, closed-end management investment company. The Trust's investment objectives are: to provide current income that is exempt from regular Federal and California income taxes; and to return $15 per common share (the initial public offering price per common share) to holders of common shares on or about December 31, 2018. The Trust will invest primarily in municipal bonds that pay interest that is exempt from regular Federal and California income taxes. The Trust will invest in municipal bonds that, in the opinion of the Trust's investment advisor and sub-advisor, are underrated or undervalued. |
| Offering Information Company has | ||||
| Trading As | BJZ (NYSE) | Industry | Fund (SIC 6726) | |
| Type of Stock Offered | Common Shares | Filing Date | 9/18/2001 | |
| Domestic Shares Offered | 14,700,000 | Offer Date | 10/25/2001 | |
| Foreign Shares Offered | 0 | Filing Price | $15.00 | |
| Company Shares | 14,700,000 | Offer Price | $15.00 | |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.675 | |
| Gross Proceeds | $220,500,000 | Selling | $0.450 | |
| Expenses | - - | Reallowance | $0.100 | |
| Post-IPO Shares | - - | Employees | - - | |
| Type of fund | Muni Bond | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| A.G. Edwards & Sons, Inc. | Co-manager | (314) 955-3039 |
| Gruntal & Co., LLC | Co-manager | (212) 820-8200 |
| Prudential Securities Incorporated | Co-manager | (212) 778-5420 |
| Quick & Reilly, Inc. | Co-manager | |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| Tucker Anthony Sutro Capital Markets | Co-manager | |
| Wells Fargo Van Kasper LLC. | Co-manager |
| Use Of Proceeds |
The proceeds from the proposed offering will be.invested in accordance with the Trust's investment objective and policies. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Bank's Law Firm | Clifford Chance Rogers & Wells LLP |
| Registrar/Transfer Agent | State Street Bank and Trust Company |
| Auditor | Deloitte & Touche |
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