Mercuria and Airborne Launch JPY 150 Billion Open-Ended Aircraft Fund
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy MHD?
Source: Businesswire
- Innovative Fund Structure: The MACH OE fund launched by Mercuria and Airborne will be the first open-ended aircraft fund by a Japan-based asset manager, targeting an asset size exceeding JPY 150 billion, aiming to provide flexible investment options that attract more institutional investors.
- Growing Market Demand: Despite the aviation industry's severe disruption due to the pandemic, global passenger demand has rebounded to pre-pandemic levels and is expected to continue growing in the coming years, providing a strong market foundation for MACH OE's investment strategy.
- Strategic Partnership: Daiwa JPI Alternative Investments will support MACH OE by providing investor introductions and operational services, further solidifying the collaboration between Mercuria and Airborne, with the goal of enhancing the market appeal of aircraft investments through joint efforts.
- Long-Term Investment Potential: MACH OE will focus on leasing popular aircraft types to high-quality airlines, expected to generate stable cash flows for investors, aligning with Daiwa Securities Group's strategic goal of positioning Japan as a leading asset management nation.
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Analyst Views on MHD
Wall Street analysts forecast MHD stock price to rise
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Current: 11.900
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About MHD
BlackRock MuniHoldings Fund, Inc. (the Fund) is a closed-end management investment company. The Fund's investment objective is to provide shareholders with current income exempt from United States federal income taxes. The seeks to achieve its investment objective by investing primarily in a portfolio of medium- to lower-grade or unrated municipal obligations. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal bonds exempt from United States federal income taxes. The Fund invests at least 75% of its assets in municipal bonds that are rated in the medium to lower rating categories. The Fund may invest directly in such securities or synthetically through the use of derivatives. The Fund invests in various sectors, such as transportation, health, utilities, education, tobacco, corporate, and housing, among others. BlackRock Advisors, LLC is the Fund's investment advisor.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Innovative Fund Structure: The MACH OE fund launched by Mercuria and Airborne will be the first open-ended aircraft fund by a Japan-based asset manager, targeting an asset size exceeding JPY 150 billion, aiming to provide flexible investment options that attract more institutional investors.
- Growing Market Demand: Despite the aviation industry's severe disruption due to the pandemic, global passenger demand has rebounded to pre-pandemic levels and is expected to continue growing in the coming years, providing a strong market foundation for MACH OE's investment strategy.
- Strategic Partnership: Daiwa JPI Alternative Investments will support MACH OE by providing investor introductions and operational services, further solidifying the collaboration between Mercuria and Airborne, with the goal of enhancing the market appeal of aircraft investments through joint efforts.
- Long-Term Investment Potential: MACH OE will focus on leasing popular aircraft types to high-quality airlines, expected to generate stable cash flows for investors, aligning with Daiwa Securities Group's strategic goal of positioning Japan as a leading asset management nation.
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See More
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- Distribution Frequency Change: Certain BlackRock closed-end funds have announced a shift from monthly to quarterly distributions to enhance visibility on future payouts, thereby boosting investor confidence and optimizing liquidity.
- Distribution Amount Overview: For instance, the BlackRock Municipal 2030 Target Term Trust (BTT) has a monthly distribution of $0.046400, indicating stable cash flow that is expected to attract more investors seeking reliable income.
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- Shareholder Value Enhancement Program: All Survivor Funds will implement a Discount Management Program (DMP) in 2026, intending to repurchase at least 5% of outstanding shares based on market conditions, reflecting the company's commitment to shareholder returns.
- Non-Taxable Events: The reorganizations are expected to be non-taxable events, meaning shareholders will not face additional tax burdens during the process, thereby increasing investor appeal and potentially attracting more capital inflows.
- Transparency and Information Updates: BlackRock commits to monthly updates on fund performance and related data, ensuring investors have timely access to information, which enhances market confidence and builds trust in the funds.
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- Announcement of Completion: BlackRock has announced the completion of certain municipal reorganizations.
- Adoption of New Program: The company has also adopted a discount management program aimed at enhancing efficiency.
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- Innovative Fund Structure: The MACH OE fund launched by Mercuria and Airborne will be the first open-ended aircraft fund by a Japan-based asset manager, targeting an asset size exceeding JPY 150 billion, aiming to provide flexible investment options that attract more institutional investors.
- Growing Market Demand: Despite the aviation industry's severe disruption due to the pandemic, global passenger demand has rebounded to pre-pandemic levels and is expected to continue growing in the coming years, providing a strong market foundation for MACH OE's investment strategy.
- Strategic Partnership: Daiwa JPI Alternative Investments will support MACH OE by providing investor introductions and operational services, further solidifying the collaboration between Mercuria and Airborne, with the goal of enhancing the market appeal of aircraft investments through joint efforts.
- Long-Term Investment Potential: MACH OE will focus on leasing popular aircraft types to high-quality airlines, expected to generate stable cash flows for investors, aligning with Daiwa Securities Group's strategic goal of positioning Japan as a leading asset management nation.
See More
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- 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.
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