BlackRock MuniVest Fund, Inc. (MVF) Announces Tender Offer in Conjunction with Results of the Quarterly Measurement Period of its Discount Management Program
BlackRock MuniVest Fund's Discount Management Program: The BlackRock MuniVest Fund, Inc. (MVF) has initiated a discount management program that includes a tender offer to repurchase 2.5% of its outstanding common shares due to a Trigger Event, where the average daily discount to net asset value (NAV) exceeded 7.50% during the Quarterly Measurement Period.
Tender Offer Details: The tender offer is set to commence on July 15, 2025, and expire on August 15, 2025, with shares being purchased at 98% of NAV. Shareholders are advised to read the related documents for important information regarding the tender process.
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BlackRock Announces Distribution Details for Merged Funds
- Merged Fund Distributions: BlackRock has announced that the merged funds will distribute payments on March 13, 2026, ensuring liquidity and investor confidence post-merger for multiple fund shareholders.
- Stable Distribution Amounts: The merged national funds, such as MHD and MYI, will maintain monthly distributions at $0.059500 and $0.055500, reflecting stable income generation that helps attract long-term investors.
- Trading Cessation Arrangements: To facilitate the merger, shares of the relevant funds will cease trading on February 6 and February 20, 2026, ensuring a smooth merger process and reducing market volatility risks.
- Compliance Notification Issued: BlackRock has issued compliance notices to shareholders, ensuring all distributions meet the requirements of the Investment Company Act of 1940, thereby enhancing transparency and protecting investor rights.
BlackRock Announces Distribution Plans for Multiple Closed-End Funds
- Distribution Announcement: BlackRock Enhanced Large Cap Core Fund (CII) declared a December distribution of $0.141 per share for 2025, reflecting the company's ongoing commitment to providing stable returns to investors.
- Special Distribution Notification: CII also announced a special distribution of $0.113 per share on November 14, 2025, aimed at boosting investor confidence and attracting further investments.
- Tax Compliance Measures: To comply with Section 19 of the Investment Company Act of 1940, all funds have sent notices to shareholders, ensuring transparency and adherence to regulatory requirements.
- Managed Distribution Plan: BlackRock Capital Allocation Term Trust (BCAT) and BlackRock ESG Capital Allocation Term Trust (ECAT) have adopted a managed distribution plan to ensure a monthly distribution rate of 20%, supporting stable investment returns.
BlackRock Reveals Shareholder Endorsement for MuniVest Fund Reorganizations into MuniYield Quality Fund III
Reorganization Approval: BlackRock Advisors announced that shareholders approved the reorganization of BlackRock MuniVest Fund, Inc. and BlackRock MuniVest Fund II, Inc. into BlackRock MuniYield Quality Fund III, Inc., expected to be completed in February 2026.
Standalone Fund: The proposed reorganization of BlackRock MuniYield Michigan Quality Fund Inc. into MYI did not proceed due to insufficient votes, allowing MIY to continue as a standalone fund.
Non-Taxable Events: The reorganizations are anticipated to be non-taxable events for shareholders, based on the relative net asset values of the funds at the time of the reorganization.
Forward-Looking Statements: BlackRock cautions that forward-looking statements regarding the funds are subject to various risks and uncertainties, and actual results may differ significantly from those anticipated.
Announcement of Distribution Dates and Amounts for Specific BlackRock Closed-End Funds
Distribution Announcements: BlackRock has announced distributions for various closed-end funds, including municipal, taxable municipal, taxable fixed income, equity, and multi-asset funds, with declaration dates set for November 3, 2025, and payable dates on November 28, 2025.
Managed Distribution Plans: The BlackRock Capital Allocation Term Trust and BlackRock ESG Capital Allocation Term Trust have adopted managed distribution plans to maintain a consistent monthly distribution of income, capital gains, and/or return of capital, calculated based on their 12-month rolling average daily net asset value.
Estimated Sources of Distributions: The estimated sources of distributions for the funds include net income, net realized short-term gains, net realized long-term gains, and return of capital, with many funds expected to distribute more than their income and gains, indicating a potential return of capital.
Forward-Looking Statements: BlackRock cautions that forward-looking statements regarding the funds' performance and distributions are subject to various risks and uncertainties, and actual results may differ significantly from those anticipated.
Announcement of Distribution Dates and Amounts for Specific BlackRock Closed-End Funds
Distribution Announcements: BlackRock has announced distributions for various closed-end funds, including municipal, taxable municipal, taxable fixed income, equity, and multi-asset funds, with declaration dates set for October 1, 2025, and payable dates varying by fund.
Managed Distribution Plans: The BlackRock Capital Allocation Term Trust and BlackRock ESG Capital Allocation Term Trust have adopted managed distribution plans to maintain a consistent monthly distribution based on a percentage of their net asset value.
Estimated Sources of Distributions: The estimated sources of distributions for the funds include net income, realized short-term and long-term gains, and return of capital, with many funds expected to distribute more than their income and gains, indicating potential returns of capital.
Forward-Looking Statements: BlackRock cautions that forward-looking statements regarding fund performance and distributions are subject to various risks and uncertainties, and actual results may differ from those anticipated.
Announcement of Distribution Dates and Amounts for Specific BlackRock Closed-End Funds
Distribution Announcements: BlackRock has announced distributions for various closed-end funds, including municipal, taxable municipal, taxable fixed income, equity, and multi-asset funds, with declaration dates set for September 2, 2025, and payable dates on September 30, 2025, or October 1, 2025.
Managed Distribution Plans: Several funds have adopted managed distribution plans to maintain consistent monthly distributions, which may include returns of capital if net income is insufficient, and the actual sources of distributions will be determined at the end of the fiscal year.
BlackRock Announces Distribution Details for Merged Funds
- Merged Fund Distributions: BlackRock has announced that the merged funds will distribute payments on March 13, 2026, ensuring liquidity and investor confidence post-merger for multiple fund shareholders.
- Stable Distribution Amounts: The merged national funds, such as MHD and MYI, will maintain monthly distributions at $0.059500 and $0.055500, reflecting stable income generation that helps attract long-term investors.
- Trading Cessation Arrangements: To facilitate the merger, shares of the relevant funds will cease trading on February 6 and February 20, 2026, ensuring a smooth merger process and reducing market volatility risks.
- Compliance Notification Issued: BlackRock has issued compliance notices to shareholders, ensuring all distributions meet the requirements of the Investment Company Act of 1940, thereby enhancing transparency and protecting investor rights.
BlackRock Announces Distribution Plans for Multiple Closed-End Funds
- Distribution Announcement: BlackRock Enhanced Large Cap Core Fund (CII) declared a December distribution of $0.141 per share for 2025, reflecting the company's ongoing commitment to providing stable returns to investors.
- Special Distribution Notification: CII also announced a special distribution of $0.113 per share on November 14, 2025, aimed at boosting investor confidence and attracting further investments.
- Tax Compliance Measures: To comply with Section 19 of the Investment Company Act of 1940, all funds have sent notices to shareholders, ensuring transparency and adherence to regulatory requirements.
- Managed Distribution Plan: BlackRock Capital Allocation Term Trust (BCAT) and BlackRock ESG Capital Allocation Term Trust (ECAT) have adopted a managed distribution plan to ensure a monthly distribution rate of 20%, supporting stable investment returns.
BlackRock Reveals Shareholder Endorsement for MuniVest Fund Reorganizations into MuniYield Quality Fund III
Reorganization Approval: BlackRock Advisors announced that shareholders approved the reorganization of BlackRock MuniVest Fund, Inc. and BlackRock MuniVest Fund II, Inc. into BlackRock MuniYield Quality Fund III, Inc., expected to be completed in February 2026.
Standalone Fund: The proposed reorganization of BlackRock MuniYield Michigan Quality Fund Inc. into MYI did not proceed due to insufficient votes, allowing MIY to continue as a standalone fund.
Non-Taxable Events: The reorganizations are anticipated to be non-taxable events for shareholders, based on the relative net asset values of the funds at the time of the reorganization.
Forward-Looking Statements: BlackRock cautions that forward-looking statements regarding the funds are subject to various risks and uncertainties, and actual results may differ significantly from those anticipated.
Announcement of Distribution Dates and Amounts for Specific BlackRock Closed-End Funds
Distribution Announcements: BlackRock has announced distributions for various closed-end funds, including municipal, taxable municipal, taxable fixed income, equity, and multi-asset funds, with declaration dates set for November 3, 2025, and payable dates on November 28, 2025.
Managed Distribution Plans: The BlackRock Capital Allocation Term Trust and BlackRock ESG Capital Allocation Term Trust have adopted managed distribution plans to maintain a consistent monthly distribution of income, capital gains, and/or return of capital, calculated based on their 12-month rolling average daily net asset value.
Estimated Sources of Distributions: The estimated sources of distributions for the funds include net income, net realized short-term gains, net realized long-term gains, and return of capital, with many funds expected to distribute more than their income and gains, indicating a potential return of capital.
Forward-Looking Statements: BlackRock cautions that forward-looking statements regarding the funds' performance and distributions are subject to various risks and uncertainties, and actual results may differ significantly from those anticipated.
Announcement of Distribution Dates and Amounts for Specific BlackRock Closed-End Funds
Distribution Announcements: BlackRock has announced distributions for various closed-end funds, including municipal, taxable municipal, taxable fixed income, equity, and multi-asset funds, with declaration dates set for October 1, 2025, and payable dates varying by fund.
Managed Distribution Plans: The BlackRock Capital Allocation Term Trust and BlackRock ESG Capital Allocation Term Trust have adopted managed distribution plans to maintain a consistent monthly distribution based on a percentage of their net asset value.
Estimated Sources of Distributions: The estimated sources of distributions for the funds include net income, realized short-term and long-term gains, and return of capital, with many funds expected to distribute more than their income and gains, indicating potential returns of capital.
Forward-Looking Statements: BlackRock cautions that forward-looking statements regarding fund performance and distributions are subject to various risks and uncertainties, and actual results may differ from those anticipated.
Announcement of Distribution Dates and Amounts for Specific BlackRock Closed-End Funds
Distribution Announcements: BlackRock has announced distributions for various closed-end funds, including municipal, taxable municipal, taxable fixed income, equity, and multi-asset funds, with declaration dates set for September 2, 2025, and payable dates on September 30, 2025, or October 1, 2025.
Managed Distribution Plans: Several funds have adopted managed distribution plans to maintain consistent monthly distributions, which may include returns of capital if net income is insufficient, and the actual sources of distributions will be determined at the end of the fiscal year.
