BlackRock 2037 Trust: BofA reports 100% of preferred class

The amendment replaces the reporting persons’ identity schedule and lists an updated set of exhibits, including the omnibus fee-agreement amendment.

Available on EDGAR 11/09/2026 - 03:33 PM EST Accepted by SEC EDGAR 11/09/2026 - 03:33 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

BlackRock 2037 Municipal Target Term Trust (BMN) is the issuer in an amendment reporting that Bank of America Corporation and Banc of America Preferred Funding Corp each beneficially own 500 variable rate demand preferred shares, equal to 100.0% of the class, with shared voting and dispositive power. These are parallel reports of the same class-level amount, not figures to add.

Effective November 5, 2026, the VRDP Fee Agreement was amended through the Omnibus Amendment to Fee Agreements. The amendment also replaces Schedule I in the identity-and-background disclosure and revises the listed exhibits, including adding the omnibus amendment.

Key Figures

Beneficial ownership reported by Bank of America Corporation: 500 shares Class ownership reported by Bank of America Corporation: 100.0% Beneficial ownership reported by Banc of America Preferred Funding Corp: 500 shares +1 more

4 metrics

Beneficial ownership reported by Bank of America Corporation 500 shares Shared voting and dispositive power; 100.0% of the class

Class ownership reported by Bank of America Corporation 100.0% 500 beneficially owned shares

Beneficial ownership reported by Banc of America Preferred Funding Corp 500 shares Shared voting and dispositive power; 100.0% of the class

Class ownership reported by Banc of America Preferred Funding Corp 100.0% 500 beneficially owned shares

Key Terms

Variable Rate Demand Preferred Shares, Shared Voting Power, Shared Dispositive Power

3 terms

Variable Rate Demand Preferred Shares financial

"Title of Class of Securities: VARIABLE RATE DEMAND PREFERRED SHARES"

Shared Voting Power regulatory

"Shared Voting Power 500.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

Shared Dispositive Power regulatory

"Shared Dispositive Power 500.00"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What changed in BMN's VRDP fee agreement?

The VRDP Fee Agreement, dated October 1, 2025, was amended effective November 5, 2026, by the Omnibus Amendment to Fee Agreements, dated November 5, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

BlackRock 2037 Municipal Target Term Trust

(Name of Issuer)

VARIABLE RATE DEMAND PREFERRED SHARES

(Title of Class of Securities)

09262G207

(CUSIP Number)

Bank of America Corporation
Bank of America Corporate Center, 100 N. Tryon Street
Charlotte, NC, 28255
980-388-3188

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

11/05/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 09262G207

1

Name of reporting person

BANK OF AMERICA CORP /DE/

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 500.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 500.00

11

Aggregate amount beneficially owned by each reporting person

500.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

100.0 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP Number(s): 09262G207

1

Name of reporting person

Banc of America Preferred Funding Corp

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 500.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 500.00

11

Aggregate amount beneficially owned by each reporting person

500.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

100.0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: VARIABLE RATE DEMAND PREFERRED SHARES
(b)	Name of Issuer: BlackRock 2037 Municipal Target Term Trust
(c)	Address of Issuer's Principal Executive Offices: 100 BELLEVUE PARKWAY, WILMINGTON, DELAWARE , 19809.
Item 1 Comment: This Amendment No. 1 (this "Amendment") amends, as set forth below, the statement on Schedule 13D, dated October 1, 2025 and filed with the SEC on October 7, 2025, (as amended to the date hereof, the "Original Schedule 13D"), for Bank of America Corporation ("BAC") and Banc of America Preferred Funding Corporation ("BAPFC") (collectively, the "Reporting Persons") with respect to the variable rate demand preferred shares ("VRDP Shares") of BlackRock 2037 Municipal Target Term Trust (the "Issuer"). This Amendment is being filed in relation to the amendment to the fee agreement, dated October 1, 2025 (the "VRDP Fee Agreement"), relating to the VRDP Shares of the Issuer.
Item 2.	Identity and Background
(c)	Item 2(c) of the Original Schedule 13D is hereby amended by deleting Schedule I referenced therein and replacing it with Schedule I included with this Amendment.
(d)	'Item 2 (d) of the Original Schedule 13D is hereby amended by: deleting Schedule I referenced therein and replacing it with Schedule I included with this Amendment.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Original Schedule 13D is hereby amended by adding the following at the end thereof: "Effective as of November 5, 2026, the VRDP Fee Agreement, dated as of October 1, 2025, has been amended by the Omnibus Amendment to Fee Agreements, dated November 5, 2026."
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Original Schedule 13D is hereby amended by deleting Exhibit 99.1, Exhibit 99.2, Exhibit 99.3 and Exhibit 99.4 thereto and the insertion of the following exhibits: "Exhibit Description of Exhibit 99.1 Joint Filing Agreement 99.2 Power of Attorney 99.3 Schedule I 99.4 Schedule II 99.9 Omnibus Amendment to Fee Agreements, dated November 5, 2026

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF AMERICA CORP /DE/

Signature:	/s/ Monica Yako
Name/Title:	Authorized Signatory
Date:	11/09/2026

Banc of America Preferred Funding Corp

Signature:	/s/ Monica Yako
Name/Title:	Authorized Signatory
Date:	11/09/2026