# EDGAR Filing Document

**Accession Number:** 0001832871
**File Stem:** 0000070858-25-000381
**Filing Date:** 2025-10
**Character Count:** 12477
**Document Hash:** 64a9b7aba4740b676e779076474abf8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000070858-25-000381.hdr.sgml**: 20251007

**ACCESSION NUMBER**: 0000070858-25-000381

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 10

**FILED AS OF DATE**: 20251007

**DATE AS OF CHANGE**: 20251007

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock 2037 Municipal Target Term Trust
- **CENTRAL INDEX KEY:** 0001832871

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94378
- **FILM NUMBER:** 251379744

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800 882 0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BlackRock 2040 Municipal Target Term Trust
- **DATE OF NAME CHANGE:** 20201118
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANK OF AMERICA CORP /DE/
- **CENTRAL INDEX KEY:** 0000070858
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 560906609
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** BANK OF AMERICA CORPORATE CENTER
- **STREET 2:** 100 N TRYON ST
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28255
- **BUSINESS PHONE:** 7043868486

**MAIL ADDRESS:**
- **STREET 1:** BANK OF AMERICA CORPORATE CENTER
- **STREET 2:** 100 N TRYON ST
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28255

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANKAMERICA CORP/DE/
- **DATE OF NAME CHANGE:** 19981022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONSBANK CORP
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NCNB CORP
- **DATE OF NAME CHANGE:** 19920107

## Exhibit 99.1

```

JOINT FILING AGREEMENT

Pursuant to and in accordance with the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and the rules and regulations thereunder,
each party hereto hereby agrees to the joint filing, on behalf of each of
them, of any filing required by such party under Section 13 or Section 16
of the Exchange Act or any rule or regulation thereunder (including any
amendment, restatement, supplement, and/or exhibit thereto) with the
Securities and Exchange Commission (and, if such security is registered on
a national securities exchange, also with the exchange), and further
agrees to the filing, furnishing, and/or incorporation by reference of
this agreement as an exhibit thereto. This agreement shall remain in full
force and effect until revoked by any party hereto in a signed writing
provided to each other party hereto, and then only with respect to such
revoking party.

IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused
this agreement to be executed and effective as of October 07, 2025.

BANK OF AMERICA CORPORATION
By: /s/ Andres Ortiz
Name: Andres Ortiz
Title: Authorized Signatory

BANC OF AMERICA PREFERRED FUNDING CORP
By: /s/ Andres Ortiz
Name: Andres Ortiz
Title: Authorized Signatory

```

### Attached PDF Documents

**Attachment 1:** `bacpoa.pdf`

_No text found in this document._

**Attachment 2:** `bapfcpoa.pdf`

_No text found in this document._

**Attachment 3:** `Schedule_I.pdf`

_No text found in this document._

**Attachment 4:** `Schedule_II.pdf`

_No text found in this document._

**Attachment 5:** `Voting_Trust.pdf`

_No text found in this document._

**Attachment 6:** `Purchase_Agreement.pdf`

_No text found in this document._

**Attachment 7:** `Fee_Agreement.pdf`

_No text found in this document._

**Attachment 8:** `Remarketing_Agreement.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**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**<br>Bank of America Corporate Center<br>100 N. Tryon Street<br>Charlotte NC 28255<br>980-825-9256

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

**10/01/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **09262G207** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**BANK OF AMERICA CORP /DE/** | Name of reporting person<br>**BANK OF AMERICA CORP /DE/** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**500.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**500.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**500.00** | Aggregate amount beneficially owned by each reporting person<br>**500.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**100.0%** | Percent of class represented by amount in Row (11)<br>**100.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

| **CUSIP No.** | **09262G207** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Banc of America Preferred Funding Corp** | Name of reporting person<br>**Banc of America Preferred Funding Corp** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**500.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**500.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**500.00** | Aggregate amount beneficially owned by each reporting person<br>**500.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**100.0%** | Percent of class represented by amount in Row (11)<br>**100.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**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, DE, 19809

This Statement on Schedule 13D (this "Statement") relates to the purchase of 500 Variable Rate Demand Preferred Shares (CUSIP No. 09262G207) ("VRDP Shares") of BlackRock 2037 Municipal Target Term Trust (the "Issuer" or the "Company"). This Statement is being filed by the Reporting Persons (as defined below) as a result of the purchase of VRDP Shares by BAPFC (as defined below).

**Item 4. Purpose of Transaction**

BAPFC has purchased the VRDP Shares for investment purposes. BAPFC acquired the VRDP Shares in a secondary market transaction for a purchase price of $50,000,000.
The Reporting Persons have not acquired the subject securities with any purpose, or with the effect of, changing or influencing control of the issuer, or in connection with or as a participant in any transaction having that purpose or effect.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The responses of the Reporting Persons to Rows (7) through (11) of the cover pages of this Statement are incorporated herein by reference.

**(b)**
The responses of the Reporting Persons to Rows (7) through (11) of the cover pages of this Statement are incorporated herein by reference.

**(c)**
The responses of the Reporting Persons in Item 3 and Item 4 are incorporated herein by reference.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The responses of the Reporting Persons to Item 4 are incorporated herein by reference.  With respect to the VRDP Shares owned by BAPFC, on October 1, 2025, BAPFC assigned certain preferred class voting rights on the VRDP Shares to a voting trust (the "Voting Trust") created pursuant to the Voting Trust Agreement, dated October 1, 2025 among BAPFC, Newport Trust Company, as voting trustee (the "Voting Trustee") and voting consultant (the "Voting Consultant").  Voting and consent rights on the VRDP Shares not assigned to the Voting Trust have been retained by BAPFC.  The Voting Trust provides that with respect to voting or consent matters relating to the voting rights assigned to the Voting Trust, the Voting Consultant analyzes such voting or consent matters and makes a recommendation to the Voting Trustee on voting or consenting.  The Voting Trustee is obligated to follow any such recommendations of the Voting Consultant when providing a vote or consent.
The VRDP Shares will have the benefit of a liquidity purchase obligation at the times and in the manner specified in the VRDP Shares Purchase Agreement, dated as of October 1, 2025, between The Bank of New York Mellon ("BNY") and Bank of America, N.A., as liquidity provider ("BANA"). Certain agreements between the Issuer and BANA as liquidity provider are documented in the VRDP Shares Fee Agreement, dated as of October 1, 2025, between the Issuer and BANA. Certain agreements between the Issuer and BofA Securities, Inc. ("BofA"), as remarketing agent for the VRDP Shares are documented in the VRDP Shares Remarking Agreement, dated as of October 1, 2025, between the Issuer and BofA.

### 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.

**Reporting Person:** BANK OF AMERICA CORP /DE/

**Signature:** Andres Ortiz

**Name/Title:** Authorized Signatory

**Date:** 10/07/2025

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.

**Reporting Person:** Banc of America Preferred Funding Corp

**Signature:** Andres Ortiz

**Name/Title:** Authorized Signatory

**Date:** 10/07/2025