Market regulation · 08/08/2012

BlackRock Preferred Partners LLC and affiliates seek approval to issue multiple share classes and impose new fees

BlackRock Preferred Partners LLC, along with its subsidiaries BlackRock Advisors, LLC and BlackRock Investments, LLC, have submitted a request to the relevant authorities to allow their registered closed-end management investment companies to issue multiple classes of shares, and to impose asset-based distribution and service fees, as well as contingent deferred sales loads (CDSCs).