BlackRock Municipal Income Fund (MUI) has announced the final results of its tender offer for up to 50% of outstanding common shares. The offer, which expired on November 15, 2024, was oversubscribed. The Fund will purchase shares at $12.7890 per share (98% of NAV) with a pro-ration factor of 0.80505121. Out of 44,715,010 shares tendered, 35,996,072 will be purchased.
Additionally, MUI will convert from an exchange-listed closed-end fund to an unlisted interval fund in the first quarter of 2025. After conversion, shares will no longer trade on NYSE, and shareholders will be to quarterly repurchase offers between 5% and 25% of Fund shares.
Il BlackRock Municipal Income Fund (MUI) ha annunciato i risultati finali della sua offerta di acquisto per fino al 50% delle azioni ordinarie in circolazione. L’offerta, scaduta il 15 novembre 2024, è stata sovrascritta. Il…
