Two state-specific municipal bond portfolios managed by BlackRock Inc. were slated to be closed to investors effective Wednesday, a day after the firm began liquidating the funds' investments, according to a Feb. 18 addendum to the funds' prospectuses.
The $125.6 million BlackRock Ohio Municipal Bond Portfolio and the $76.2 million BlackRock Kentucky Municipal Bond Portfolio, both managed by Walter O'Connor and Phillip Soccio, will "no longer accept orders to purchase fund shares from new investors or existing shareholders" as of 4 p.m. EST Wednesday, according to details in the addendum.
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