BlackRock Long-Term Municipal Advantage Trust

BlackRock Long-Term Municipal Advantage Trust is a closed-end fixed income mutual fund launched by BlackRock, Inc. and managed by BlackRock Advisors, LLC. It invests in U.S. fixed income markets, using financial derivatives to gain exposure to municipal obligations. The fund focuses primarily on long-term municipal bonds with maturities of more than ten years at the time of investment. It was formed on February 28, 2006 and is domiciled in the United States.