Bank of America's Acquisition of Variable Rate Demand Preferred Shares in BlackRock 2037 Municipal Target Term Trust

Bank of America Corporation, through its subsidiary Banc of America Preferred Funding Corporation (PFC), has acquired 500 variable rate demand preferred shares in BlackRock 2037 Municipal Target Term Trust (BMN). The shares were purchased at a price of $100,000 per share. This acquisition is reported in a Form 3 filing with the SEC, indicating that Bank of America and PFC are jointly filing this statement. The filing also includes footnotes clarifying that Bank of America holds an indirect interest in the securities through its ownership of PFC and that neither entity is acting in concert with any other person or group for the purpose of acquiring, holding, or disposing of securities of the Issuer.