BlackRock New Jersey Municipal Bond 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: 811-21050

Name of Fund:   BlackRock New Jersey Municipal Bond Trust (BLJ)

Fund Address:   100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock New Jersey Municipal Bond 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: 08/31/2018

Date of reporting period: 05/31/2018

Item 1 – Schedule of Investments

Schedule of Investments  (unaudited) 

May 31, 2018

   

BlackRock New Jersey Municipal Bond Trust (BLJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds — 136.7%

 

New Jersey — 135.6%  
Corporate — 10.3%  

County of Middlesex New Jersey Improvement Authority, RB, Heldrich Center Hotel,
Sub-Series B, 6.25%, 01/01/37(a)(b)

   $ 560     $ 5,880  

County of Salem New Jersey Pollution Control Financing Authority, Refunding RB, Atlantic City Electric, Series A, 4.88%, 06/01/29

     750       781,583  

New Jersey EDA, RB, Continental Airlines, Inc. Project, Series B, AMT, 5.63%, 11/15/30

     1,550       1,757,142  

New Jersey EDA, Refunding RB:

    

Duke Farms Foundation Project,
4.00%, 07/01/46

     185       194,459  

New Jersey American Water Co., Inc. Project, Series A, AMT, 5.70%, 10/01/39

     500       521,105  

New Jersey American Water Co., Inc. Project, Series B, AMT, 5.60%, 11/01/34

     395       416,535  
   

 

 

  
      3,676,704  
County/City/Special District/School District — 21.4%  

City of Bayonne New Jersey, GO, Refunding, Qualified General Improvement, (BAM):

    

5.00%, 07/01/33

     150       168,282  

5.00%, 07/01/35

     235       262,406  

City of Margate New Jersey, GO, Refunding, Improvement(c):

    

5.00%, 01/15/21

     230       247,726  

5.00%, 01/15/21

     110       118,478  

County of Essex New Jersey Improvement Authority, RB, AMT, 5.25%, 07/01/45(d)

     610       617,137  

County of Essex New Jersey Improvement Authority, Refunding RB, Project Consolidation (NPFGC):

    

5.50%, 10/01/28

     400       498,276  

5.50%, 10/01/29

     790       992,256  

County of Hudson New Jersey Improvement Authority, RB, Harrison Parking Facility Project, Series C (AGC), 5.38%, 01/01/44

     800       815,624  

County of Mercer New Jersey Improvement Authority, RB, Courthouse Annex Project, 5.00%, 09/01/40

     235       261,015  
Security   Par
(000)		     Value  
County/City/Special District/School District (continued)  

County of Middlesex New Jersey, COP, Refunding, Civic Square IV Redevelopment, 5.00%, 10/15/31

   $ 440     $ 527,573  

County of Union New Jersey Improvement Authority, LRB, Guaranteed Lease, Family Court Building Project, 5.00%, 05/01/42

     180       196,162  

Monroe Township Board of Education Middlesex County, GO, Refunding, 5.00%, 03/01/38

     265       293,707  

New Jersey EDA, Refunding RB, Special Assessment, Kapkowski Road Landfill Project, 6.50%, 04/01/28

     2,250       2,636,212  
   

 

 

  
      7,634,854  
Education — 24.4%  

County of Atlantic New Jersey Improvement Authority, RB, Stockton University Atlantic City, Series A (AGM), 4.00%, 07/01/46

     200       206,408  

New Jersey EDA, RB:

    

Hatikvah International Academy Charter School Project, Series A, 5.25%, 07/01/37(d)

     130       131,491  

Hatikvah International Academy Charter School Project, Series A, 5.38%, 07/01/47(d)

     125       126,471  

School Facilities Construction (AGC),
5.50%, 12/15/18 (c)

     350       357,105  

School Facilities Construction (AGC),
5.50%, 12/15/34

     5       5,097  

Team Academy Charter School Project,
6.00%, 10/01/33

     455       506,529  

New Jersey EDA, Refunding RB, Series A(d):

    

Greater Brunswick Charter School, Inc. Project, 5.63%, 08/01/34

     215       219,291  

Teaneck Community Charter School Project,
5.00%, 09/01/37

     125       123,922  

Teaneck Community Charter School Project,
5.13%, 09/01/52

     150       145,170  

New Jersey Educational Facilities Authority, RB:

    

Higher Educational Capital Improvement Fund, Series A, 5.00%, 09/01/32

     500       533,890  

Rider University Issue, Series F, 4.00%, 07/01/42

     185       177,258  

Rider University Issue, Series F, 5.00%, 07/01/47

     135       144,548  
 

 

 

   1

Schedule of Investments  (unaudited) (continued)

May 31, 2018

   

BlackRock New Jersey Municipal Bond Trust (BLJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Education (continued)  

New Jersey Educational Facilities Authority, Refunding RB:

    

Kean University, Series A,
5.50%, 09/01/19(c)

   $ 700     $ 730,933  

Montclair State University, Series A,
5.00%, 07/01/44

     1,600       1,781,168  

New Jersey Institute of Technology, Series H,
5.00%, 07/01/31

     210       222,123  

Ramapo College, Series B, 5.00%, 07/01/42

     85       92,426  

Seton Hall University, Series D, 5.00%, 07/01/38

     105       116,275  

Stevens Institute of Technology, Series A, 5.00%, 07/01/42

     100       112,484  

New Jersey Higher Education Student Assistance Authority, RB, AMT:

    

Sub-Series C, 4.00%, 12/01/48

     140       139,755  

Student Loan, Series 1A, 5.00%, 12/01/22

     915       1,006,308  

New Jersey Higher Education Student Assistance Authority, Refunding RB:

    

Series 1, AMT, 5.75%, 12/01/29

     385       413,240  

Series 1A, 5.00%, 12/01/25

     90       93,301  

Series 1A, 5.00%, 12/01/26

     65       67,365  

Series 1A, 5.25%, 12/01/32

     300       313,173  

Student Loan, Series 1A, 5.13%, 12/01/27

     160       166,016  

New Jersey Institute of Technology, RB, Series A:

    

5.00%, 07/01/40

     500       559,925  

5.00%, 07/01/45

     220       245,628  
   

 

 

  
      8,737,300  
Health — 9.1%  

New Jersey Health Care Facilities Financing Authority, RB:

    

Hospitall Asset Transformation Program,
Series A, 5.25%, 10/01/18(c)

     390       394,582  

Meridian Health System Obligated Group, Series I (AGC), 5.00%, 07/01/18(c)

     235       235,616  

Robert Wood Johnson University Hospital, Series A, 5.50%, 07/01/43

     230       260,229  

Virtua Health, Series A (AGC),
5.50%, 07/01/38

     400       415,636  
Security   Par
(000)		     Value  
Health (continued)  

New Jersey Health Care Facilities Financing Authority, Refunding RB:

    

AHS Hospital Corp., 6.00%, 07/01/21(c)

   $ 610     $ 683,962  

Princeton Healthcare System, 5.00%, 07/01/39

     250       275,987  

RWJ Barnabas Health Obligated Group, Series A, 4.00%, 07/01/43

     235       242,363  

St. Barnabas Health Care System, Series A, 5.63%, 07/01/21(c)

     180       199,534  

St. Barnabas Health Care System, Series A, 5.63%, 07/01/21(c)

     505       559,803  
   

 

 

  
      3,267,712  
Housing — 2.0%  

New Jersey Housing & Mortgage Finance Agency, RB:

    

M/F Housing, Series A, 4.75%, 11/01/29

     370       378,184  

S/F Housing, Series CC, 5.00%, 10/01/34

     220       224,231  

New Jersey Housing & Mortgage Finance Agency, Refunding RB, Series D, AMT, 4.25%, 11/01/37

     120       121,525  
   

 

 

  
      723,940  
State — 22.9%  

Casino Reinvestment Development Authority, Refunding RB, 5.25%, 11/01/44

     870       930,404  

Garden State Preservation Trust, RB, CAB, Series B (AGM), 0.00%, 11/01/27(e)

     4,000       2,967,160  

New Jersey EDA, RB, Motor Vehicle Surcharge, Series A (NPFGC):

    

5.25%, 07/01/25(f)

     55       65,458  

5.25%, 07/01/25

     445       505,048  

New Jersey EDA, Refunding RB:

    

Cigarette Tax, 5.00%, 06/15/28

     255       271,728  

Cigarette Tax, 5.00%, 06/15/29

     500       531,830  

Cigarette Tax (AGM), 5.00%, 06/15/22

     750       818,153  

School Facilities Construction, Series AA,
5.50%, 06/15/19(c)

     335       347,844  

School Facilities Construction, Series AA,
5.50%, 12/15/29

     165       170,123  

School Facilities Construction, Series GG,
5.25%, 09/01/27

     1,295       1,361,654  
 

 

 

2   

Schedule of Investments  (unaudited) (continued)

May 31, 2018

   

BlackRock New Jersey Municipal Bond Trust (BLJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
State (continued)  

State of New Jersey, COP, Equipment Lease Purchase, Series A, 5.25%, 06/15/19(c)

   $ 200     $ 207,054  
   

 

 

  
      8,176,456  
Tobacco — 4.0%  

Tobacco Settlement Financing Corp., Refunding RB:

    

Series A, 5.25%, 06/01/46

     125       140,505  

Sub-Series B, 5.00%, 06/01/46

     1,215       1,303,902  
   

 

 

  
      1,444,407  
Transportation — 40.4%  

Delaware River Port Authority, RB, Series D, 5.00%, 01/01/40

     250       260,655  

New Jersey EDA, RB, Goethals Bridge Replacement Project, AMT, Private Activity Bond, 5.38%, 01/01/43

     1,360       1,486,657  

New Jersey State Turnpike Authority, RB:

    

Series A, 5.00%, 07/01/22(c)

     1,175       1,313,250  

Series A, 5.00%, 07/01/22(c)

     315       352,063  

Series A, 5.00%, 01/01/35

     125       143,369  

Series E, 5.25%, 01/01/19(c)

     370       377,715  

Series E, 5.00%, 01/01/45

     720       801,245  

New Jersey Transportation Trust Fund Authority, RB:

    

CAB, Transportation System, Series C (AGM),
0.00%, 12/15/32(e)

     1,250       703,037  

Federal Highway Reimbursement Revenue Notes, Series A, 5.00%, 06/15/30

     125       137,200  

Federal Highway Reimbursement Revenue Notes, Series A-2, 5.00%, 06/15/30

     805       806,860  

Transportation Program, Series AA,
5.00%, 06/15/38

     705       743,979  

Transportation Program, Series AA,
5.25%, 06/15/41

     480       516,144  

Transportation System,
6.00%, 12/15/38

     325       331,442  

Transportation System, Series A,
6.00%, 06/15/35

     1,275       1,394,302  

Transportation System, Series A,
5.88%, 12/15/38

     555       565,489  

Transportation System, Series A,
5.50%, 06/15/41

     830       869,292  

Transportation System, Series A,
5.00%, 06/15/42

     185       192,030  
Security   Par
(000)		     Value  
Transportation (continued)  

Transportation System, Series A (AGC),
5.63%, 12/15/28

   $ 200     $ 204,052  

Transportation System, Series AA,
5.50%, 06/15/39

     425       456,187  

Port Authority of New York & New Jersey, ARB, Special Project, JFK International Air Terminal LLC Project, Series 8, 6.00%, 12/01/42

     450       493,191  

Port Authority of New York & New Jersey, Refunding ARB, Consolidated:

    

166th Series, 5.25%, 07/15/36

     500       539,710  

172nd Series, AMT, 5.00%, 10/01/34

     1,000       1,090,620  

206th Series, AMT, 5.00%, 11/15/42

     170       194,031  

206th Series, AMT, 5.00%, 11/15/47

     190       216,030  

South Jersey Port Corp., Refunding ARB, Marine Terminal, Series B, AMT, 5.00%, 01/01/48

     240       260,719  
   

 

 

  
      14,449,269  
Utilities — 1.1%  

Rahway Valley Sewerage Authority, RB, CAB, Series A (NPFGC), 0.00%, 09/01/33(e)

     650       385,918  
Puerto Rico — 1.1%  
Tobacco — 1.1%  

Children’s Trust Fund, Refunding RB, Tobacco Settlement Asset-Backed Bonds:

    

5.50%, 05/15/39

     210       208,702  

5.63%, 05/15/43

     200       198,534  
   

 

 

  
      407,236  
   

 

 

  

Total Municipal Bonds — 136.7%
(Cost — $46,363,458)

 

     48,903,796  
   

 

 

  
 

 

 

     3  

Schedule of Investments  (unaudited) (continued)

May 31, 2018

   

BlackRock New Jersey Municipal Bond Trust (BLJ)

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Bonds Transferred to Tender Option Bond Trusts(g) — 29.4%

 

New Jersey — 29.4%  
County/City/Special District/School District — 8.6%  

County of Hudson New Jersey Improvement Authority, RB, Hudson County Vocational-Technical Schools Project, 5.25%, 05/01/51

   $ 340     $ 388,350  

County of Union New Jersey Utilities Authority, Refunding RB, Series A, AMT:

    

County Deficiency Agreement, 5.00%, 06/15/41

     690       744,745  

Resource Recovery Facility, Covanta Union, Inc., 5.25%, 12/01/31

     1,780       1,948,263  
   

 

 

  
      3,081,358  
Education — 5.9%  

Rutgers - The State University of New Jersey, Refunding RB:

    

Series F, 5.00%, 05/01/19(c)

     991       1,019,729  

Series L, 5.00%, 05/01/43

     990       1,099,162  
   

 

 

  
      2,118,891  
Health — 2.9%  

New Jersey Health Care Facilities Financing Authority, RB, Inspira Health Obligated Group, 4.00%, 07/01/47

     999       1,013,526  
   

 

 

  
State — 2.9%  

New Jersey EDA, RB, School Facilities Construction (AGC)(c):

    

6.00%, 12/15/18

     986       1,008,661  
Security   Par
(000)		     Value  
State (continued)  

6.00%, 12/15/18

   $ 14     $ 14,274  
   

 

 

  
      1,022,935  
Transportation — 9.1%  

New Jersey Transportation Trust Fund Authority, RB, Transportation System:

    

Series A (AMBAC) (AGM),
5.00%, 12/15/32

     600       601,218  

Series B, 5.25%, 06/15/36(h)

     1,000       1,044,278  

Port Authority of New York & New Jersey, Refunding ARB, Consolidated, 169th Series, AMT, 5.00%, 10/15/41

     1,501       1,608,876  
   

 

 

  
      3,254,372  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 29.4%
(Cost — $10,001,931)

 

     10,491,082  
   

 

 

  

Total Long-Term Investments — 166.1%
(Cost — $56,365,389)

 

     59,394,878  
   

 

 

  
         
Shares		         

Short-Term Securities — 0.6%

 

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.92%(i)(j)

     216,817       216,839  
   

 

 

  

Total Short-Term Securities — 0.6%
(Cost — $216,817)

 

     216,839  
   

 

 

  

Total Investments — 166.7%
(Cost — $56,582,206)

 

     59,611,717  

Other Assets Less Liabilities — 1.4%

 

     507,349  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (16.0)%

 

     (5,721,340 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (52.1)%

 

     (18,628,719 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 35,769,007  
   

 

 

  
 
(a)  Issuer filed for bankruptcy and/or is in default.
(b)  Non-income producing security.
(c)  U.S. 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.
(d)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.
(e)  Zero-coupon bond.
(f)  Security is collateralized by municipal bonds or U.S. Treasury obligations.
(g)  Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing.

 

 

4   

Schedule of Investments  (unaudited) (continued)

May 31, 2018

   

BlackRock New Jersey Municipal Bond Trust (BLJ)

 

 

 

(h)  All or a portion of security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements, which expires on June 15, 2019, is $776,985.
(i)  Annualized 7-day yield as of period end.
(j)  During the period ended May 31, 2018, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

 

 

 

 

 

 

Affiliated     

 Shares
Held at
08/31/2017

 		     
 Net
Activity
 		     

 Shares
Held at
05/31/18

 		     
 Value at
05/31/18
 		      Income       


 Net
Realized
Gain
(Loss)		  

 
 (a) 		     


 Change in
Unrealized
Appreciation
(Depreciation)		  

 
 

BlackRock Liquidity Funds,
MuniCash, Institutional Class

      —        216,817        216,817      $ 216,839      $ 684      $ 22      $ 22  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a)  Includes net capital gain distributions, if applicable.

For Trust compliance purposes, the Trust’s sector classifications refer to 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 the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

Portfolio Abbreviations

AGC — Assured Guarantee Corp.

AGM — Assured Guaranty Municipal Corp.

AMBAC — American Municipal Bond Assurance Corp.

AMT — Alternative Minimum Tax (subject to)

ARB — Airport Revenue Bonds

BAM — Build America Mutual Assurance Co.

CAB — Capital Appreciation Bonds

COP — Certificates of Participation

EDA — Economic Development Authority

GO — General Obligation Bonds

LRB — Lease Revenue Bonds

M/F — Multi-Family

NPFGC — National Public Finance Guarantee Corp.

RB — Revenue Bonds

S/F — Single-Family

 

 

     5  

Schedule of Investments  (unaudited) (continued)

May 31, 2018

   

BlackRock New Jersey Municipal Bond Trust (BLJ)

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

  •   Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

 

  •   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)

 

  •   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 fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value 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 investments 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, refer to the Trust’s most recent financial statements as contained in its semi-annual report.

As of May 31,2018, the following table summarizes the Trust’s investments categorized in the disclosure hierarchy:

 

      Level 1        Level 2        Level 3        Total  

Assets:

                 

Investments:

                 

Long-Term Investments(a)

    $ —        $ 59,394,878        $ —        $ 59,394,878  

Short-Term Securities

     216,839          —          —          216,839  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 216,839        $ 59,394,878        $ —        $ 59,611,717  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a)  See above Schedule of Investments for values in each sector.  

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

 

      Level 1        Level 2        Level 3        Total  

Liabilities:

                 

TOB Trust Certificates

   $ —        $ (5,695,748 )       $ —        $ (5,695,748 ) 

VRDP Shares at Liquidation Value

      —          (18,700,000 )         —          (18,700,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (24,395,748 )       $ —        $ (24,395,748 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

During the period ended May 31, 2018, there were no transfers between levels.

 

 

6   

Item 2 –  Controls and Procedures

 

2(a) – 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.

 

2(b) – 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 New Jersey Municipal Bond Trust   
  By:       /s/ John M. Perlowski                       
   

John M. Perlowski

   
    Chief Executive Officer (principal executive officer) of   
    BlackRock New Jersey Municipal Bond Trust   

Date: July 19, 2018

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.

 

  By:       /s/ John M. Perlowski                       
    John M. Perlowski   
    Chief Executive Officer (principal executive officer) of   
    BlackRock New Jersey Municipal Bond Trust   

Date: July 19, 2018

 

  By:       /s/ Neal J. Andrews                           
    Neal J. Andrews   
    Chief Financial Officer (principal financial officer) of   
    BlackRock New Jersey Municipal Bond Trust   

Date: July 19, 2018