BlackRock Long-Term Municipal Advantage Trust is an investment trust that primarily focuses on providing investors with access to a diversified portfolio of long-term municipal securities

These securities are typically issued by state and local governments to finance public projects and are often favored for their tax-exempt status. The trust aims to deliver income and capital appreciation while managing risk through professional asset management and strategic investment in a variety of municipal bonds. By doing so, it seeks to benefit investors looking for a steady stream of tax-advantaged income over the long term.