BLACKROCK FLORIDA MUNICIPAL 2020 TERM TRUST
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number 811-21184
Name of Fund: BlackRock Florida Municipal 2020 Term Trust (BFO)
Fund Address: 100 Bellevue
Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Florida
Municipal 2020 Term Trust, 55 East 52nd Street, New York, NY 10055
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 07/31/2013
Date of reporting period: 10/31/2012
Item 1 – Schedule of Investments
|
|
|
|
|
|
| Schedule of Investments October 31, 2012 (Unaudited) |
|
BlackRock Florida Municipal 2020 Term
Trust (BFO) (Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| |
|
Par (000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Florida — 138.2% |
|
|
|
|
|
|
|
|
| Corporate — 4.1% |
|
|
|
|
|
|
|
|
| Hillsborough County IDA, Refunding RB, Tampa Electric Co. Project, Series A,
5.65%, 5/15/18 |
|
$ |
1,000 |
|
|
$ |
1,199,720 |
|
| Palm Beach County Solid Waste
Authority, Refunding RB, 5.00%,
10/01/20 |
|
|
2,000 |
|
|
|
2,476,040 |
|
|
|
|
|
|
|
|
3,675,760 |
|
| County/City/Special District/School District —
55.4% |
|
| Broward County School Board Florida,
COP, Refunding, Series A, 5.00%,
7/01/20 |
|
|
2,000 |
|
|
|
2,396,180 |
|
| Broward County School Board Florida,
COP, Series A (AGM), 5.25%,
7/01/22 |
|
|
2,500 |
|
|
|
2,931,650 |
|
| City of Jacksonville Florida, Refunding
RB, Better Jacksonville Sales Tax,
5.00%, 10/01/20 |
|
|
4,000 |
|
|
|
4,840,280 |
|
| County of Hillsborough Florida, RB
(AMBAC), 5.00%, 11/01/20 |
|
|
5,545 |
|
|
|
6,490,256 |
|
| County of Miami-Dade Florida, RB,
Sub-Series B (NPFGC), 5.60%,
10/01/32 (a) |
|
|
7,560 |
|
|
|
2,515,666 |
|
| County of Miami-Dade Florida, Refunding
RB, Sub-Series A (NPFGC) (a): |
|
|
|
|
|
|
|
|
| 5.24%, 10/01/19 |
|
|
5,365 |
|
|
|
3,751,476 |
|
| 5.29%, 10/01/20 |
|
|
10,000 |
|
|
|
6,613,900 |
|
| County of Orange Florida, Refunding RB,
Series A (NPFGC), 5.13%, 1/01/13 (b) |
|
|
2,200 |
|
|
|
2,217,886 |
|
| Florida State Board of Education, GO,
Refunding: |
|
|
|
|
|
|
|
|
| Capital Outlay, Series B,
5.00%, 6/01/20 |
|
|
485 |
|
|
|
600,158 |
|
| Public Education, Series I,
5.00%, 6/01/13 (b) |
|
|
115 |
|
|
|
119,344 |
|
| Public Education, Series I,
5.00%, 6/01/18 |
|
|
385 |
|
|
|
399,541 |
|
| Hillsborough County School Board, COP (NPFGC), 5.00%, 7/01/13 (b) |
|
|
1,000 |
|
|
|
1,031,480 |
|
| Miami-Dade County Educational Facilities Authority Florida, RB, University of Miami, Series A (AMBAC), 5.00%, 4/01/14 (b) |
|
|
1,000 |
|
|
|
1,065,210 |
|
| Miami-Dade County School Board, COP, Refunding, Series B (AGC), 5.25%, 5/01/21 |
|
|
4,000 |
|
|
|
4,677,040 |
|
| Northern Palm Beach County Improvement District, Special Assessment Bonds, Refunding, Water Control & Improvement District
No. 43, Series B (ACA), 4.50%, 8/01/22 |
|
|
1,000 |
|
|
|
1,019,210 |
|
| Sterling Hill Community Development District, Special Assessment Bonds, Refunding, Series A, 6.10%, 5/01/23 |
|
|
3,490 |
|
|
|
3,387,534 |
|
|
|
|
|
|
|
|
|
|
| |
|
Par (000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Florida (continued) |
|
|
|
|
|
|
|
|
| County/City/Special District/School District
(concluded) |
|
| Stevens Plantation Improvement Project Dependent Special District, RB, 6.38%, 5/01/13 (c)(d) |
|
$ |
2,425 |
|
|
$ |
1,820,642 |
|
| Village Center Community Development District, RB, Sub-Series B, 6.35%, 1/01/18 |
|
|
2,000 |
|
|
|
2,032,780 |
|
| Village Community Development District No. 5 Florida, Special Assessment Bonds, Series A, 6.00%, 5/01/22 |
|
|
975 |
|
|
|
1,005,605 |
|
| Watergrass Community Development District, Special Assessment Bonds, Series B, 5.13%, 11/01/14 |
|
|
955 |
|
|
|
734,834 |
|
|
|
|
|
|
|
|
49,650,672 |
|
| Education — 2.9% |
|
|
|
|
|
|
|
|
| Florida State Board of Governors, Refunding RB, University of Central Florida, Series A, 5.00%, 7/01/18 |
|
|
500 |
|
|
|
592,340 |
|
| Florida State Higher Educational Facilities Financial Authority, Refunding RB, University of Tampa Project, Series A, 5.00%,
4/01/20 |
|
|
1,000 |
|
|
|
1,158,370 |
|
| Orange County Educational Facilities Authority, RB, Rollins College Project (AMBAC), 5.25%, 12/01/22 |
|
|
725 |
|
|
|
822,505 |
|
|
|
|
|
|
|
|
2,573,215 |
|
| Health — 18.6% |
|
|
|
|
|
|
|
|
| Highlands County Health Facilities Authority, Refunding RB, Hospital, Adventist Health, Series I, 5.00%, 11/15/20 |
|
|
2,155 |
|
|
|
2,543,977 |
|
| Hillsborough County IDA, RB, H. Lee Moffitt Cancer Center Project, |
|
|
|
|
|
|
|
|
| Series A, 5.25%, 7/01/22 |
|
|
1,500 |
|
|
|
1,644,195 |
|
| Marion County Hospital District Florida, Refunding RB, Health System, Munroe Regional, 5.00%, 10/01/22 |
|
|
1,500 |
|
|
|
1,662,570 |
|
| Orange County Health Facilities Authority, RB, Hospital, Adventist Health System, 5.63%, 11/15/12 (b) |
|
|
3,000 |
|
|
|
3,036,240 |
|
| Orange County Health Facilities Authority, Refunding RB, Mayflower Retirement Center: |
|
|
|
|
|
|
|
|
| 3.00%, 6/01/15 |
|
|
200 |
|
|
|
203,270 |
|
| 3.00%, 6/01/16 |
|
|
140 |
|
|
|
141,870 |
|
| 3.00%, 6/01/17 |
|
|
190 |
|
|
|
192,005 |
|
| 3.25%, 6/01/18 |
|
|
195 |
|
|
|
199,066 |
|
| 3.50%, 6/01/19 |
|
|
200 |
|
|
|
203,286 |
|
| Palm Beach County Health Facilities Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Acts Retirement-Life Communities, Inc., 5.00%, 11/01/22 |
|
|
4,735 |
|
|
|
5,324,697 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK FLORIDA MUNICIPAL 2020 TERM TRUST |
|
OCTOBER 31, 2012 |
|
1 |
|
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock Florida Municipal 2020 Term
Trust (BFO) (Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| |
|
Par (000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Florida (continued) |
|
|
|
|
|
|
|
|
| Health (concluded) |
|
|
|
|
|
|
|
|
| Palm Beach County Health Facilities Authority, Refunding RB (concluded): |
|
|
|
|
|
|
|
|
| Bethesda Healthcare System Project, Series A (AGM), 5.00%, 7/01/20 |
|
$ |
1,285 |
|
|
$ |
1,546,086 |
|
| |
|
|
|
|
|
|
16,697,262 |
|
| Housing — 2.0% |
|
|
|
|
|
|
|
|
| Florida Housing Finance Corp., RB, Homeowner Mortgage, Series 2, AMT (Ginnie Mae), 4.70%, 7/01/22 |
|
|
885 |
|
|
|
937,073 |
|
| Jacksonville Housing Finance Authority, Refunding RB, Series A-1, AMT (Ginnie Mae), 5.63%, 10/01/39 |
|
|
365 |
|
|
|
392,784 |
|
| Manatee County Housing Finance Authority, RB, Series A, AMT (Fannie Mae), 5.90%, 9/01/40 |
|
|
395 |
|
|
|
429,681 |
|
| |
|
|
|
|
|
|
1,759,538 |
|
| State — 19.4% |
|
|
|
|
|
|
|
|
| Florida Municipal Loan Council, RB: |
|
|
|
|
|
|
|
|
| CAB, Series A (NPFGC),
3.73%, 4/01/20 (a) |
|
|
4,000 |
|
|
|
3,040,520 |
|
| Series D (AGM), 5.00%, 10/01/19 |
|
|
1,050 |
|
|
|
1,260,966 |
|
| Series D (AGM), 4.00%, 10/01/20 |
|
|
1,105 |
|
|
|
1,256,076 |
|
| Series D (AGM), 4.00%, 10/01/21 |
|
|
500 |
|
|
|
566,225 |
|
| Florida State Board of Education, GO, Public Education, Series J (AMBAC), 5.00%, 6/01/24 |
|
|
6,150 |
|
|
|
6,382,962 |
|
| Florida State Board of Education, GO, Refunding, Capital Outlay, Series B, 5.00%, 6/01/20 |
|
|
1,000 |
|
|
|
1,254,670 |
|
| Florida State Department of Environmental Protection, Refunding RB, Series A, 5.00%, 7/01/20 |
|
|
3,000 |
|
|
|
3,679,770 |
|
| |
|
|
|
|
|
|
17,441,189 |
|
| Transportation — 16.1% |
|
|
|
|
|
|
|
|
| Broward County Florida Airport System Revenue, Refunding RB, Series P-1, AMT, 5.00%, 10/01/20 |
|
|
2,500 |
|
|
|
2,945,825 |
|
| Broward County Florida Port Facilities Revenue, Refunding RB, Series B, AMT, 5.00%, 9/01/20 |
|
|
2,500 |
|
|
|
2,920,050 |
|
| County of Lee Florida Transportation Facilities, Refunding RB, Series B (AMBAC): |
|
|
|
|
|
|
|
|
| 5.00%, 10/01/20 |
|
|
2,250 |
|
|
|
2,383,920 |
|
| 5.00%, 10/01/22 |
|
|
3,000 |
|
|
|
3,156,450 |
|
| County of Miami-Dade Florida Transit System Sales Surtax Revenue, RB, 5.00%, 7/01/20 |
|
|
550 |
|
|
|
671,979 |
|
| Greater Orlando Aviation Authority, Refunding RB, Series C, 5.00%, 10/01/20 |
|
|
1,130 |
|
|
|
1,384,917 |
|
|
|
|
|
|
|
|
|
|
| |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Florida (concluded) |
|
|
|
|
|
|
|
|
| Transportation (concluded) |
|
|
|
|
|
|
|
|
| Jacksonville Florida Port Authority, Refunding RB, AMT, 4.00%, 11/01/20 |
|
$ |
865 |
|
|
$ |
942,365 |
|
| |
|
|
|
|
|
|
14,405,506 |
|
| Utilities — 19.7% |
|
|
|
|
|
|
|
|
| City of Deltona Florida, RB (NPFGC), 5.00%, 10/01/23 |
|
|
1,095 |
|
|
|
1,120,590 |
|
| City of Marco Island Florida Utility System, RB (NPFGC): |
|
|
|
|
|
|
|
|
| 5.25%, 10/01/13 (b) |
|
|
1,000 |
|
|
|
1,045,470 |
|
| 5.00%, 10/01/22 |
|
|
2,000 |
|
|
|
2,081,300 |
|
| 5.00%, 10/01/23 |
|
|
1,375 |
|
|
|
1,425,215 |
|
| County of Miami-Dade Florida Water & Sewer System, Refunding RB, System, Series B (AGM), 5.25%, 10/01/19 |
|
|
4,000 |
|
|
|
4,958,960 |
|
| Tohopekaliga Water Authority, RB, Series B (AGM): |
|
|
|
|
|
|
|
|
| 5.00%, 10/01/22 |
|
|
1,975 |
|
|
|
2,058,266 |
|
| 5.00%, 10/01/23 |
|
|
1,180 |
|
|
|
1,229,749 |
|
| Tohopekaliga Water Authority, Refunding RB, Series A (AGM), 5.00%, 10/01/21 |
|
|
3,630 |
|
|
|
3,784,094 |
|
| |
|
|
|
|
|
|
17,703,644 |
|
| Total Municipal Bonds in Florida |
|
|
|
|
|
|
123,906,786 |
|
|
|
|
|
|
|
|
|
|
| Guam — 0.4% |
|
|
|
|
|
|
|
|
| Utilities — 0.4% |
|
|
|
|
|
|
|
|
| Guam Power Authority, Refunding RB, Series A, 5.00%, 10/01/20 |
|
|
310 |
|
|
|
361,888 |
|
| Puerto Rico — 1.9% |
|
|
|
|
|
|
|
|
| State — 1.9% |
|
|
|
|
|
|
|
|
| Commonwealth of Puerto Rico, GO, Public Improvement (AGM), 5.50%, 7/01/19 |
|
|
1,000 |
|
|
|
1,166,130 |
|
| Puerto Rico Sales Tax Financing Corp., Refunding RB, Sales Tax Revenue, Series C, 5.00%, 8/01/22 |
|
|
415 |
|
|
|
497,066 |
|
| Total Municipal Bonds in Puerto Rico |
|
|
|
1,663,196 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds – 140.5% |
|
|
|
|
|
|
125,931,870 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK FLORIDA MUNICIPAL 2020 TERM TRUST |
|
OCTOBER 31, 2012 |
|
2 |
|
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock Florida Municipal 2020 Term
Trust (BFO) (Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| |
|
Par (000) |
|
|
Value |
|
| Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts (e) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Florida — 0.6% |
|
|
|
|
|
|
|
|
| Housing — 0.6% |
|
|
|
|
|
|
|
|
| Lee County Housing Finance Authority, RB, Multi-County Program, Series A-2, AMT (Ginnie Mae), 6.00%, 9/01/40 |
|
$ |
540 |
|
|
$ |
574,025 |
|
| Total Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts – 0.6% |
|
|
|
|
|
|
574,025 |
|
| Total Long-Term
Investments (Cost – $120,279,655) – 141.1% |
|
|
|
|
|
|
126,505,895 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Shares |
|
|
|
|
| Short-Term Securities |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| BIF Florida Municipal Money Fund. 0.00% (f)(g) |
|
|
5,488,475 |
|
|
|
5,488,475 |
|
| Total Short-Term
Securities (Cost – $5,488,475) – 6.1% |
|
|
|
|
|
|
5,488,475 |
|
| Total Investments (Cost – $125,768,130*) – 147.2% |
|
|
|
131,994,370 |
|
| Other Assets Less Liabilities – 1.0% |
|
|
|
910,139 |
|
| Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable – (0.4)% |
|
|
|
(360,146 |
) |
| AMPS, at Redemption Value – (47.8)% |
|
|
|
(42,900,000 |
) |
| Net Assets Applicable to Common
Shares – 100.0% |
|
|
$ |
89,644,363 |
|
| * |
As of October 31, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:
|
|
|
|
|
|
| Tax cost |
|
$ |
125,393,862 |
|
| Gross unrealized appreciation |
|
$ |
7,166,382 |
|
| Gross unrealized depreciation |
|
|
(925,874 |
) |
| Net unrealized appreciation |
|
$ |
6,240,508 |
|
| (a) |
Represents a zero-coupon bond. Rate shown reflects the current yield as of report date. |
| (b) |
US government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium to par.
|
| (c) |
Issuer filed for bankruptcy and/or is in default of principal and/or interest payments.
|
| (d) |
Non-income producing security. |
| (e) |
Securities represent bonds transferred to a TOB in exchange for which the Trust acquired residual interest certificates. These securities serve as collateral in a financing
transaction. |
| (f) |
Investments in issuers considered to be an affiliate of the Trust during the period ended October 31, 2012, for purposes of Section 2(a)(3) of the Investment Company
Act of 1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
| Affiliate |
|
Shares
Held at
July 31, 2012 |
|
Net
Activity |
|
|
Shares
Held at
October 31,
2012 |
|
|
Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| BIF Florida Municipal Money Fund |
|
781,042 |
|
|
4,707,433 |
|
|
|
5,488,475 |
|
|
$ |
— |
|
| (g) |
Represents the current yield as of report date. |
To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities
have been abbreviated according to the following list:
|
|
|
| ACA |
|
American Capital Access Corp. |
| AGC |
|
Assured Guaranty Corp. |
| AGM |
|
Assured Guaranty Municipal Corp. |
| AMBAC |
|
American Municipal Bond Assurance Corp. |
| AMT |
|
Alternative Minimum Tax (subject to) |
| CAB |
|
Capital Appreciation Bonds |
| COP |
|
Certificates of Participation |
| Fannie Mae |
|
Federal National Mortgage Obligation |
| Ginnie Mae |
|
Government National Mortgage Obligation |
| GO |
|
General Obligation Bonds |
| IDA |
|
Industrial Development Authority |
| NPFGC |
|
National Public Finance Guarantee Corp. |
| RB |
|
Revenue Bonds |
| • |
For Trust compliance purposes, the Trust’s sector classifications refer to any one or more of the sector sub-classifications used by one or more widely recognized market
indexes or rating group indexes, and/or as defined by Trust management. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.
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| |
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BLACKROCK FLORIDA MUNICIPAL 2020 TERM TRUST |
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October 31, 2012 |
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3 |
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| Schedule of Investments (concluded) |
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BlackRock Florida Municipal 2020 Term
Trust (BFO) |
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Fair Value Measurements - Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy
consisting of three broad levels for financial reporting purposes as follows: |
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Level 1 — unadjusted price quotations in active markets/exchanges for identical assets and liabilities that the Trust has the ability to access |
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Level 2 — other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or
similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and
default rates) or other market-corroborated inputs) |
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Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own
assumptions used in determining the fair value of investments) |
The hierarchy gives the highest priority to unadjusted quoted prices in
active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments
categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in
its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
Changes in valuation
techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as
of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those
securities. For information about the Trust’s policy regarding valuation of investments and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its annual report.
The following table summarizes the Trust’s investments categorized in the disclosure hierarchy as of
October 31, 2012:
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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| Assets: |
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| Investments: |
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| Long-Term
Investments1 |
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— |
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$ |
126,505,895 |
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— |
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$ |
126,505,895 |
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| Short-Term Securities |
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$ |
5,488,475 |
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— |
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— |
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5,488,475 |
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| Total |
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$ |
5,488,475 |
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$ |
126,505,895 |
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— |
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$ |
131,994,370 |
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| 1 |
See above Schedule of Investments for values in each sector. |
Certain of the Trust’s liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of October 31, 2012, such liabilities are categorized within the
disclosure hierarchy as follows:
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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| Liabilities: |
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| Bank overdraft |
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— |
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$ |
(54,321 |
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— |
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$ |
(54,321 |
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| TOB trust certificates |
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— |
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(360,000 |
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— |
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(360,000 |
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| Total |
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— |
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$ |
(414,3221 |
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— |
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$ |
(414,321 |
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There were no transfers between levels during the period ended October 31, 2012.
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BLACKROCK FLORIDA MUNICIPAL 2020 TERM TRUST |
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OCTOBER 31, 2012 |
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4 |
Item 2 – Controls and Procedures
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| 2(a) – |
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The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls
and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and
procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. |
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| 2(b) – |
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There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the
registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 3 – Exhibits
Certifications – Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BlackRock Florida
Municipal 2020 Term Trust
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| By: |
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/s/ John M. Perlowski |
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John M. Perlowski |
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Chief Executive Officer (principal executive officer) of |
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BlackRock Florida Municipal 2020 Term Trust |
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| Date: |
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December 21, 2012 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report
has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
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| By: |
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/s/ John M. Perlowski |
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John M. Perlowski |
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Chief Executive Officer (principal executive officer) of |
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BlackRock Florida Municipal 2020 Term Trust |
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| Date: |
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December 21, 2012 |
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| By: |
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/s/ Neal J. Andrews |
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Neal J. Andrews |
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Chief Financial Officer (principal financial officer) of BlackRock Florida Municipal 2020 Term Trust |
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| Date: |
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December 21, 2012 |