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 |
BFK |
Series W-7 Variable Rate Muni Term Preferred Shares |
09248F703 |
1,167 |
|
BKN |
Series W-7 Variable Rate Muni Term Preferred Shares |
09247D501 |
581 |
|
BLE |
Series W-7 Variable Rate Muni Term Preferred Shares |
09249N606 |
1,286 |
|
BYM |
Series W-7 Variable Rate Muni Term Preferred Shares |
092479500 |
396 |
|
MHD |
Series W-7 Variable Rate Muni Term Preferred Shares |
09253N500 |
1,338 |
|
MQT |
Series W-7 Variable Rate Muni Term Preferred Shares |
09254G603 |
379 |
|
MUE |
Series W-7 Variable Rate Muni Term Preferred Shares |
09254C503 |
530 |
|
MVF |
Series W-7 Variable Rate Muni Term Preferred Shares |
09253R808 |
902 |
|
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.
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