BlackRock California Investment Quality Municipal Trust (RAA)

RAA » Topics » Miscellaneous.

This excerpt taken from the RAA DEF 14A filed Jun 16, 2006.
Miscellaneous. During the Boards' deliberations in connection with the Current Agreements, the Boards were aware that the Advisor pays compensation, out of its own assets, to the lead underwriter and to certain qualifying underwriters of many of its closed-end funds, and to employees of the Advisors' affiliates that participated in the offering of such funds. The Boards considered whether the management fee met applicable standards in light of the services provided by the Advisors, without regard to whether the Advisors ultimately pay any portion of the anticipated compensation to the underwriters.


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