BlackRock Municipal Income Fund (MUI) News
Market Cap: $870.38M
Avg Volume: 394.10K
Industry: Asset Management - Income
Sector: Financial Services
BlackRock Municipal Income Fund, Inc. (MUI) Completes Conversion to Interval Fund Structure
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) has completed the conversion from an exchange-listed closed-end fund to an unlisted continuously-offered interval fund that conducts quarterly repurchases of its shares (the “Conversion”) and will operate under the name BlackRock Municipal Credit Alpha Portfolio, Inc. (“Interval Fund”). The below table provides shareholders with information regarding the Net Asset Value (NAV) and conversion ratio for the Fu.
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BlackRock Municipal Income Fund, Inc. (MUI) Declares Final Distribution as Part of its Conversion to the Institutional Share Class (MUNEX) of BlackRock Municipal Credit Alpha Portfolio, Inc.
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Municipal Income Fund, Inc. (MUI) announced a distribution today as detailed below. Shareholders will receive a final distribution from MUI to be paid March 20, 2025 representing the period March 1, 2025 through March 23, 2025. The conversion is anticipated to close on March 24, 2025, at which time MUNEX will begin a daily record & ex-date to be paid March 31, 2025. MUNEX represents the Institutional Share Class and is expected to launch with a 5.75% ann.
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BlackRock Municipal Income Fund, Inc. (MUI) Announces 2025 Repurchase Schedule and Initial Repurchase Amount in Connection with Upcoming Conversion to Unlisted Continuously-Offered Closed-End Fund
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) is providing additional information related to the Fund's upcoming conversion from an exchange-listed closed-end fund to an unlisted continuously-offered closed-end fund that conducts quarterly repurchases of its shares (the “Conversion”) and will operate under the name BlackRock Municipal Credit Alpha Portfolio, Inc. (the “Interval Fund”). Today, the Board of Directors of MUI, (the “Board”) approved a repu.
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BlackRock Municipal Income Fund, Inc. (MUI) Delists from the NYSE in Connection with the Conversion to an Unlisted Interval Fund Structure
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) has delisted from the New York Stock Exchange (NYSE). Please note that, effective as of the Delisting Date, the MUI Shares will no longer trade on the NYSE or any other securities exchange. The Fund is in the process of converting from an exchange-listed closed-end fund to an unlisted continuously-offered closed-end fund that conducts quarterly repurchases of its shares (the “Conversion”) and will operate u.
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BlackRock Municipal Income Fund, Inc. (MUI) Provides De-Listing and Conversion Dates for Upcoming Conversion to Unlisted Continuously-Offered Closed-End Fund
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) is providing additional information related to the Fund's upcoming conversion from an exchange-listed closed-end fund to an unlisted continuously-offered closed-end fund that conducts quarterly repurchases of its shares (the “Conversion”) and will operate under the name BlackRock Municipal Credit Alpha Portfolio, Inc. (the “Interval Fund”). It is currently anticipated that the Conversion will take place aft.
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CEF Weekly Review: Emerging Market Debt Remains A Tricky Income Holding
We review the CEF market valuation and performance through the third week of November and highlight recent market action. CEFs had a positive week, with most sectors gaining except for higher-quality sectors like Munis and Agencies. MLPs led month-to-date returns with double-digit gains. The Western Asset Emerging Market Debt Fund raised its distribution by 4%, but its 70% coverage ratio makes it less appealing.
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BlackRock Municipal Income Fund, Inc. (MUI) Announces Final Results of Tender Offer
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Advisors, LLC (“BlackRock”) announced today the final results of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) tender offer (a “Tender Offer”) for up to 50% of its outstanding common shares (the “Shares”). The Tender Offers, which expired at 5:00 p.m. Eastern time on November 15, 2024, was oversubscribed. Therefore, in accordance with the terms and conditions of the Tender Offer, the Fund will purchase Shares from all tendering shareholders o.
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BlackRock Municipal Income Fund, Inc. (MUI) Expiration and Preliminary Results of Tender Offer
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Advisors, LLC (“BlackRock”) announced today the expiration and preliminary results of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) tender offer (a “Tender Offer”) for up to 50% of its outstanding common shares (the “Shares”). The Tender Offer commenced on October 15, 2024 and expired at 5:00 p.m. Eastern time on November 15, 2024. Based on preliminary information, the number of Shares properly tendered for the Fund and not withdrawn is noted.
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BlackRock Municipal Income Fund, Inc. (MUI) Announces Tender Offer in Conjunction with Conversion to an Unlisted Closed-End Interval Fund Structure
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Advisors, LLC (“BlackRock”) announced today that on October 15, 2024, BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) will commence a tender offer to purchase up to 50% of the Fund's outstanding common shares at a price per share equal to 98% of the Fund's net asset value (“NAV”) per common share, as described in further detail below (the “Tender Offer”). The Tender Offer will expire on November 15, 2024 at 5:00 p.m. Eastern Time, unless otherw.
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BlackRock Announces Results of Shareholder Vote at Special Meeting Relating to BlackRock Municipal Income Fund, Inc. (MUI) Conversion to Unlisted Closed-End Interval Fund Structure
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Advisors, LLC announced today that, at a special meeting of shareholders of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”), shareholders approved the proposals necessary for the conversion of the Fund from an exchange-listed, closed-end fund to an unlisted closed-end fund that conducts periodic repurchases of its shares pursuant to Rule 23c-3 under the Investment Company Act of 1940 (the “Conversion”). The Conversion is currently expected to o.
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Board of BlackRock Municipal Income Fund, Inc. (MUI) Approves Conversion to Unlisted Closed-End Interval Fund Structure
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Advisors, LLC (“BlackRock”) announced today that the Board of Directors (the “Board”) of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) has approved the conversion of the Fund from an exchange-listed, closed-end fund to an unlisted closed-end fund that conducts periodic repurchases of its shares pursuant to Rule 23c-3 under the Investment Company Act of 1940 (the “Conversion”). As previously announced, the Fund will, subject to receiving share.
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CEF Weekly Review: Are Discounts Good Or Bad?
We review CEF market valuation and performance through the second week of May and highlight recent market action. CEFs had a strong week, with all sector NAVs moving higher, particularly MLPs and Utilities. CEF activists criticize wide discounts, but discounts can also provide implicit leverage and offset management fees.
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This 5.5% Dividend Just Exploded, Walloped Stocks
Every now and then in income investing, we get a sweet setup where a “boring” high yielder absolutely soars—practically overnight.
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BlackRock Municipal Income Fund, Inc. (MUI) Announces Tender Offer Contingent Upon Approval of Conversion of MUI to Unlisted Closed-End Interval Fund Structure
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Advisors, LLC (“BlackRock”) announced today that the Board of Directors (the “Board”) of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) has approved a tender offer to repurchase 50% of the Fund's outstanding common shares at a price per share equal to 98% of the Fund's net asset value per common share determined following the expiration of the tender offer (the “Tender Offer”). The Tender Offer is contingent on obtaining all approvals for the.
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Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change
Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.
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Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 3/1/2024 Ex-Date- 3/14/2024 Record- 3/15/2024 Payable- 4/1/2024 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust* BYM $0.052500 - BlackRock Long-Term Municipal Advantage Trust* BTA $0.043500 - BlackRock MuniAssets Fund, Inc.* MUA $0.055500 - BlackRock Municipal Income Fund, Inc.
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Weekly Closed-End Fund Roundup: Saba Continues CEF Battles (July 2, 2023)
18 out of 22 CEF sectors positive on price, and 11 out of 22 sectors positive on NAV last week. Saba files lawsuits against 16 CEFs, seeking to invalidate share control provisions. The battle is heating up.
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CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update
NEW YORK--(BUSINESS WIRE)--Please replace the release dated April 11, 2023, with the following corrected version due to changes in the table, "Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023".
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BlackRock Announces Fiscal Year End Changes for Certain Municipal Closed-End Funds
NEW YORK--(BUSINESS WIRE)--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. Ticker (NYSE) Fund Current FYE New FYE BKN BlackRock Investment Quality Municipal Trust, Inc. 4/30 7/31 BTA BlackRock Long-Term Municipal Advantage Trust 4/30 7/31 MUA BlackRock MuniAssets Fund, Inc. 4/30 7/31 MUI BlackRock Municipal Income Fu
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BlackRock Muni Intermediate Duration Fund, Inc. Announces Investment Policy Update and Name Change
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today an investment policy update and name change for BlackRock Muni Intermediate Duration Fund, Inc. (the “Fund”) (NYSE: MUI, CUSIP:09253X102). The Fund's Board of Directors has approved the elimination, effective October 1, 2021, of the Fund's non-fundamental policy to maintain a dollar-weighted average portfolio duration, as calculated by BlackRock, of three to ten years. In connection with this investment policy chan
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Weekly Closed-End Fund Roundup: June 21, 2020
4 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. MLPs lead while commodities lag. Preferreds have the highest sector
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The Reopening Killed The V-Shaped Recovery
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
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Weekly Closed-End Fund Roundup: June 14, 2020
Risk-off week as 4 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Munis lead while MLPs lag. Big cuts to KYN/KMF.
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6 Meridian Has $330,000 Holdings in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI)
6 Meridian trimmed its stake in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) by 33.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,292 shares of the company’s stock after selling 12,981 shares during the period. 6 Meridian’s holdings in Blackrock Muni […]
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Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) Plans $0.05 Monthly Dividend
Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) declared a monthly dividend on Wednesday, April 1st, Zacks reports. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.045 per share on Friday, May 1st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date […]
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Bank of America Corp DE Purchases 54,203 Shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI)
Bank of America Corp DE boosted its position in shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) by 10.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 553,771 shares of the company’s stock after purchasing an additional 54,203 shares during the period. Bank […]
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Ladenburg Thalmann Financial Services Inc. Acquires 2,671 Shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI)
Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,866 shares of the company’s stock after acquiring an additional 2,671 shares during the quarter. […]
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Ackerman Capital Advisors LLC Acquires 5,706 Shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI)
Ackerman Capital Advisors LLC lifted its position in shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) by 27.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 26,772 shares of the company’s stock after buying an additional 5,706 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in Blackrock Muni Intermediate Drtn Fnd […]
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Advisors Asset Management Inc. Raises Position in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI)
Advisors Asset Management Inc. raised its stake in shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,059 shares of the company’s stock after purchasing an additional 27,554 […]
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V Shaped Recovery Not Happening After Coronavirus: Here Is Why
Companies became cash rich as the financial markets recovered and in 2009, we witnessed a V shaped recovery for US stocks as the crisis
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Envestnet Asset Management Inc. Takes $1.16 Million Position in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI)
Envestnet Asset Management Inc. bought a new stake in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 81,140 shares of the company’s stock, valued at approximately $1,155,000. Several other institutional investors also […]
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Capital Wealth Alliance LLC Purchases Shares of 1,760 Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI)
Capital Wealth Alliance LLC purchased a new stake in shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,760 shares of the company’s stock, valued at approximately $26,000. Other hedge funds have also made changes […]
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Independent Advisor Alliance Buys New Stake in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI)
Independent Advisor Alliance bought a new stake in shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 73,218 shares of the company’s stock, valued at approximately $1,043,000. Several other large investors have also bought and […]
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Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) Shares Bought by Park Avenue Securities LLC
Park Avenue Securities LLC grew its stake in shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) by 18.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,688 shares of the company’s stock after acquiring an additional 2,747 shares during […]
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Fatwa against Netflix?
JAKARTA: The Indonesian Ulema Council (MUI) has said it is ready to issue a fatwa against popular streaming service Netflix should the platform be reported and found to have hosted “negative” content.
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Is Netflix haram? Indonesia’s Islamic clerics are ready for a fatwa – if you are
Indonesia’s supreme body of Islamic clerics says it is ready to issue a fatwa, or religious edict, declaring Netflix haram, or forbidden, if it is found to be providing “negative content”.Hasanuddin, the chairman of the fatwa board at the Indonesian Ulema Council (MUI), said on Wednesday that digital platforms like Netflix and social media were both vulnerable to being corrupted by content that went against the country’s religious and legal norms.The cleric called on Indonesians to monitor…
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Silver 2019 Best Agency to Work For – Midwest: Military United Insurance
In Service to the Nation’s Finest Serving current and former military personnel and their families is what the employees of Military United Insurance (MUI) in Columbia, Mo., do, and they love it. Employee after employee responding to Insurance Journal’s 2019 …
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Charles Schwab Review: Making Investing Accessible for Any Style
The Charles Schwab investment buffet can feed any investor.
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BlackRock declares monthly distribution on National funds
No summary available.
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Don't Use Underwear Sales As An Economic Indictor, China Warns
This past week, as the Chinese leadership pledged economic reforms and promised additional stimulus to help revive softening growth in the world's second-largest economy, a post in the English language Global Times quietly went viral. It cited a steady rise in sales of men's underwear in the northeast province of Liaoning as a sign that an economic rebound was underway in the province, which has lagged the rest of the country as it the former industrial powerhouse has transitioned to a more service-based economy. For the sake of context, we pointed out that the Men's Underwear Index is a legitimate economic indicator created by former Federal Reserve Chairman Alan Greenspan, who argued that, during economic downturns, men put off buying staples like underwear, opting to get more use out of their briefs before buying new pairs. But when the economy begins to rebound, sales of underwear rise as consumers start feeling more secure and ramp up their purchases of staples. According to the GT post, sales have been steadily climbing for three years.
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