Karpus Reports 3,587,879 Shares (5.61%) of BTT on Schedule 13G

Rhea-AI Filing Summary

Karpus Management, Inc. filed a Schedule 13G reporting ownership of 3,587,879 common shares of BlackRock Municipal 2030 Target Term Trust (CUSIP 09257P105), representing 5.61% of the class as of 06/30/2025. Karpus reports sole voting and sole dispositive power over all reported shares, and states the shares are owned directly by accounts it manages. Karpus describes itself as a registered investment adviser organized in New York and controlled by City of London Investment Group plc, with informational barriers in place so CLIG does not exercise voting or investment power over these shares. The filing includes a certification that the shares were acquired in the ordinary course of business and not to influence control, and it is signed by the Chief Compliance Officer on 08/14/2025.

Positive

• Material disclosure of stake: Karpus reports a clear, quantifiable holding of 3,587,879 shares (5.61%).
• Sole voting and dispositive power: The filer states exclusive authority to vote and dispose of the reported shares.
• Compliance posture: Filing under Schedule 13G with certification indicates the position is claimed as passive and acquired in the ordinary course of business.

Negative

• None.

Insights

Securities Analyst

TL;DR: A registered adviser disclosed a >5% passive stake with sole voting and dispositive authority; this is a material ownership disclosure.

Karpus' Schedule 13G shows a 3,587,879-share position equal to 5.61% of the outstanding common shares of the Trust as of 06/30/2025 and reports exclusive voting and dispositive power. The filing is made under Schedule 13G conventions and includes the adviser’s structure and a statement that holdings are managed in the ordinary course of business, which signals a non-control, informational disclosure rather than an activist or control intent. For investors, the filing confirms a meaningful institutional stake and who holds decision authority for those shares.

Corporate Governance Expert

TL;DR: Ownership above 5% triggers disclosure obligations; Karpus affirms informational barriers and a non-control stance.

The filing clarifies that although Karpus is controlled by CLIG, effective informational barriers prevent attribution of voting or investment power to the parent, consistent with SEC guidance. The certifying language and the Schedule 13G form type indicate the reporter views the position as passive. The explicit claim of sole voting and dispositive power means Karpus can act unilaterally on voting and disposition for the reported shares, a governance-relevant fact for the issuer and other large holders.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Blackrock Municipal 2030 Target Term Trust

(Name of Issuer)

Common

(Title of Class of Securities)

09257P105

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 09257P105

1

Names of Reporting Persons

KARPUS MANAGEMENT, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,587,879.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,587,879.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,587,879.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.61 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Blackrock Municipal 2030 Target Term Trust
(b)	Address of issuer's principal executive offices: 50 Hudson Yards, New York, NY 10001
Item 2.
(a)	Name of person filing: This statement is being filed by Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus" or the "Reporting Person"). Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. Karpus is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG. The Shares to which this Schedule 13G relates are owned directly by the accounts managed by Karpus.
(b)	Address or principal business office or, if none, residence: 183 Sully's Trail, Pittsford, New York 14534.
(c)	Citizenship: The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.
(d)	Title of class of securities: Common
(e)	CUSIP No.: 09257P105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,587,879.00
(b)	Percent of class: 5.61 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,587,879.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 3,587,879.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

KARPUS MANAGEMENT, INC.

Signature:	/s/ Jodi L. Hedberg
Name/Title:	Jodi L. Hedberg / Chief Compliance Officer
Date:	08/14/2025

FAQ

What stake does Karpus Management report in BTT?

Karpus reports owning 3,587,879 shares of BlackRock Municipal 2030 Target Term Trust, representing 5.61% of the class as of 06/30/2025.

Does Karpus have voting control over the reported BTT shares?

Yes. The filing reports sole voting power and sole dispositive power over all 3,587,879 reported shares.

Is Karpus acting on behalf of another entity in this filing?

The shares are owned directly by accounts managed by Karpus. Karpus states it is controlled by City of London Investment Group plc but that informational barriers prevent attribution to the parent.

Was this filing made as a passive disclosure or an active intent to influence control?

The Schedule 13G filing includes a certification that the securities were acquired and are held in the ordinary course of business and not to change or influence control, indicating a passive disclosure.

Where is Karpus Management located?

Karpus’ principal business office is listed as 183 Sully's Trail, Pittsford, New York 14534.