BlackRock Advisors, LLC today announced BlackRock Municipal
Income Trust (NYSE: BFK), BlackRock Investment Quality Municipal
Trust, Inc. (NYSE: BKN), BlackRock Municipal Income Trust II (NYSE:
BLE), BlackRock Municipal Income Quality Trust (NYSE: BYM),
BlackRock MuniHoldings Fund, Inc. (NYSE: MHD), BlackRock MuniYield
Quality Fund II, Inc. (NYSE: MQT), BlackRock MuniHoldings Quality
Fund II, Inc. (NYSE: MUE), BlackRock MuniVest Fund, Inc. (NYSE:
MVF), and BlackRock MuniVest Fund II, Inc. (NYSE: MVT)
(collectively, the “Funds”) intend to redeem a portion of their
outstanding Series W-7 Variable Rate Muni Term Preferred Shares
(“VMTP Shares”) on or about November 24, 2023, at a redemption
price equal to the liquidation preference of $100,000 per share,
together with accumulated and unpaid dividends through the day
prior to the redemption date. Shareholders are expected to benefit
from lower expenses as a result of the redemptions. For more
details on each Fund and its VMTP Shares see below:
Fund Name
Ticker
VMTP Details
VMTP CUSIP
VMTP Shares to be
Redeemed
BlackRock Municipal Income
Trust
BFK
Series W-7 Variable Rate Muni
Term Preferred Shares
09248F703
1,167
BlackRock Investment Quality
Municipal Trust, Inc.
BKN
Series W-7 Variable Rate Muni
Term Preferred Shares
09247D501
581
BlackRock Municipal Income Trust
II
BLE
Series W-7 Variable Rate Muni
Term Preferred Shares
09249N606
1,286
BlackRock Municipal Income
Quality Trust
BYM
Series W-7 Variable Rate Muni
Term Preferred Shares
092479500
396
BlackRock MuniHoldings Fund,
Inc.
MHD
Series W-7 Variable Rate Muni
Term Preferred Shares
09253N500
1,338
BlackRock MuniYield Quality Fund
II, Inc.
MQT
Series W-7 Variable Rate Muni
Term Preferred Shares
09254G603
379
BlackRock MuniHoldings Quality
Fund II, Inc.
MUE
Series W-7 Variable Rate Muni
Term Preferred Shares
09254C503
530
BlackRock MuniVest Fund, Inc.
MVF
Series W-7 Variable Rate Muni
Term Preferred Shares
09253R808
902
BlackRock MuniVest Fund II,
Inc.
MVT
Series W-7 Variable Rate Muni
Term Preferred Shares
09253T606
623
This press release is neither an offer to sell nor a
solicitation of an offer to buy any of these securities.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate | Twitter:
@blackrock | LinkedIn: www.linkedin.com/company/blackrock
Availability of Fund Updates
BlackRock will update performance and certain other data for
each Fund on a monthly basis on its website in the “Closed-end
Funds” section of www.blackrock.com as well as certain other
material information as necessary from time to time. Investors and
others are advised to check the website for updated performance
information and the release of other material information about
each Fund. This reference to BlackRock’s website is intended to
allow investors public access to information regarding each Fund
and does not, and is not intended to, incorporate BlackRock’s
website in this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or each
Fund may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with
respect to the Fund’s or BlackRock’s future financial or business
performance, strategies or expectations. Forward-looking statements
are typically identified by words or phrases such as “trend,”
“potential,” “opportunity,” “pipeline,” “believe,” “comfortable,”
“expect,” “anticipate,” “current,” “intention,” “estimate,”
“position,” “assume,” “outlook,” “continue,” “remain,” “maintain,”
“sustain,” “seek,” “achieve,” and similar expressions, or future or
conditional verbs such as “will,” “would,” “should,” “could,” “may”
or similar expressions.
BlackRock cautions that forward-looking statements are subject
to numerous assumptions, risks and uncertainties, which change over
time. Forward-looking statements speak only as of the date they are
made, and BlackRock assumes no duty to and does not undertake to
update forward-looking statements. Actual results could differ
materially from those anticipated in forward-looking statements and
future results could differ materially from historical
performance.
With respect to each Fund, the following factors, among others,
could cause actual events to differ materially from forward-looking
statements or historical performance: (1) changes and volatility in
political, economic or industry conditions, the interest rate
environment, foreign exchange rates or financial and capital
markets, which could result in changes in demand for the Fund or in
the Fund’s net asset value; (2) the relative and absolute
investment performance of the Fund and its investments; (3) the
impact of increased competition; (4) the unfavorable resolution of
any legal proceedings; (5) the extent and timing of any
distributions or share repurchases; (6) the impact, extent and
timing of technological changes; (7) the impact of legislative and
regulatory actions and reforms, and regulatory, supervisory or
enforcement actions of government agencies relating to the Fund or
BlackRock, as applicable; (8) terrorist activities, international
hostilities and natural disasters, which may adversely affect the
general economy, domestic and local financial and capital markets,
specific industries or BlackRock; (9) BlackRock’s ability to
attract and retain highly talented professionals; (10) the impact
of BlackRock electing to provide support to its products from time
to time; and (11) the impact of problems at other financial
institutions or the failure or negative performance of products at
other financial institutions.
Annual and Semi-Annual Reports and other regulatory filings of
each Fund with the Securities and Exchange Commission (“SEC”) are
accessible on the SEC's website at www.sec.gov and on
BlackRock’s website at www.blackrock.com, and may discuss
these or other factors that affect the Fund. The information
contained on BlackRock’s website is not a part of this press
release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231102335297/en/
BlackRock 1-800-882-0052
Grafico Azioni BlackRock MuniVest Fund II (NYSE:MVT)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni BlackRock MuniVest Fund II (NYSE:MVT)
Storico
Da Gen 2024 a Gen 2025
