BlackRock Municipal 2020 Term Trust (NYSE:BKK) and BlackRock Florida Municipal 2020 Term Trust (NYSE:BFO) (each, a "Fund" and collectively, the "Funds") today announced that there will be no distributions in connection with the final wind up of the Fund's affairs and liquidation of its assets. In conjunction with the closure of the Funds, all escrow shares will be terminated. There will be no tax consequences related to the closure. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC today announced details regarding the final liquidation of BlackRock Municipal 2020 Term Trust (NYSE:BKK, CUSIP: 09249X109) and BlackRock Florida Municipal 2020 Term Trust (NYSE:BFO, CUSIP: 09250M109) (each, a “Fund” and together, the “Funds”). BKK has met its investment objective of returning $15 per share (the initial public offering price per common share) to holders of common shares on or about December 31, 2020. BFO did not achieve its investment objective of returning $15.00 per common share on or about December 31, 2020. BFO’s ability to achieve its investment objective was negatively impacted by a confluence of factors, prim

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3 - BLACKROCK FLORIDA MUNICIPAL 2020 TERM TRUST (0001181249) (Issuer)