MUI News and Press, Blackrock Muni Intermediate Duration Fund Inc From 10/05/22

BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the “Funds”) during the quarter ended September 30, 2022. The Funds have authorized open market share repurchase programs (the “Repurchase Programs”) purs...

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurc...

A sharp sell-off to start the year has pushed down municipal bond valuations and muni closed-end funds to discounts, presenting an attractive entry point for investors seeking tax-exempt income. Muni CEFs borrow money at short-term interest rates and invest the proceeds in muni bonds ...

BlackRock Advisors, LLC (“BlackRock”) announced today a change to the fiscal year end (“FYE”) for each Fund listed below. These changes were made to reduce operating costs for the Funds and will be effective as of July 31, 2022. For more information on Bl...

BlackRock Municipal Income Fund (NYSE:MUI) declares $0.054/share monthly dividend, in line with previous. Forward yield 5.07% Payable July 1; for shareholders of record June 15; ex-div June 14. See MUI Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Blac...

BlackRock Advisors, LLC today announced the reorganization of BlackRock MuniHoldings Investment Quality Fund (NYSE: MFL) with and into BlackRock Municipal Income Fund, Inc. (NYSE: MUI and together with MFL, the “Funds,” and each, a “Fund”) (the “Reorga...

BlackRock Advisors, LLC announced today that, at a joint special meeting of shareholders (the “Meeting”) of BlackRock MuniHoldings Investment Quality Fund (NYSE: MFL), the requisite vote of shareholders of MFL have approved the reorganization of MFL with and into BlackRock...

Interest rate volatility prompted another month of negative total returns. Below-average issuance was counterbalanced by a slowdown in demand. November could provide opportunities ahead of seasonal strength in December and January. For further details see: Muni Seasonal ...

Rising interest rates drove negative total returns. Supply and demand dynamics turned less seasonally favorable and acted as a headwind. More attractive valuations could provide near-term opportunity. For further details see: Munis Remained Tethered To Rates In September...

Interest in municipal closed-end funds (CEFs) vs. municipal bonds often stems from higher return potential - this is mostly due to the use of leverage in municipal closed-end funds. Leverage could potentially amplify both the fund's net asset value (NAV) and its distribution; however,...