BlackRock MuniVest Fund (MVF) News
Market Cap: $423.40M
Avg Volume: 103.00K
Industry: Asset Management
Sector: Financial Services
Municipal Update: Key Themes And Allocation Tilts
We discuss key Muni themes, including tariffs, federal funding freeze, tax exemption, and more. Muni valuations remain attractive, particularly the value of the tax exemption. We highlight the four Muni buckets where we see value.
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Municipal CEF Update: Discounts And Rates Deliver A Rally
We discuss Muni CEF performance, distributions and valuations in this latest update. Municipal CEFs have outperformed due to high rates, wide discounts, and rising distributions, however the easy money has mostly been made in our view. Municipal bonds remain attractive compared to corporate bonds, but Muni CEF discounts have tightened to historic averages, reducing their previous appeal.
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CEF Weekly Review: Managers Kick It Up A Notch In Fight With Saba
We review the CEF market valuation and performance through the first week of August and highlight recent market action. CEF performance diverged this week as higher-quality / longer duration sectors like Munis outperformed. NYSE proposed rule change could eliminate annual CEF shareholder meetings, potentially impacting shareholder activism and competition in the CEF space.
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CEF Weekly Review: Saba/BlackRock Feud Escalates
We review CEF market valuation and performance through the first week of July and highlight recent market action. All CEF sectors finished the week in the green, with fixed-income CEF sector discounts now expensive and equity CEF sector discounts somewhat cheap. Saba and BlackRock came out with differing press releases on the latest proxy votes over board membership and termination of CEFs.
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BlackRock MuniVest Fund, Inc. (MVF) Announces Adoption of Discount Management Program
NEW YORK--(BUSINESS WIRE)---- $MVF--BlackRock MuniVest Fund, Inc. (NYSE: MVF, the “Fund”) announced today the adoption of a discount management program (the "Program"). Under the terms of the Program, the Fund intends to offer to repurchase a portion of its common shares via tender offer if certain conditions are met during specified time periods, as detailed below. If MVF's common shares trade at an average daily discount to net asset value ("NAV") of more than 7.50% during a 3-month measurement period.
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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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Certain BlackRock Municipal Closed-End Funds Announce Variable Rate Muni Term Preferred Shares Actions
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC today announced BlackRock Municipal Income Trust (NYSE: BFK), BlackRock Investment Quality Municipal Trust, Inc. (NYSE: BKN), BlackRock Municipal Income Trust II (NYSE: BLE), BlackRock Municipal Income Quality Trust (NYSE: BYM), BlackRock MuniHoldings Fund, Inc. (NYSE: MHD), BlackRock MuniYield Quality Fund II, Inc. (NYSE: MQT), BlackRock MuniHoldings Quality Fund II, Inc. (NYSE: MUE), BlackRock MuniVest Fund, Inc. (NYSE: MVF), and BlackRock MuniVest Fund II, Inc. (NYSE: MVT) (collectively, the “Funds”) intend to redeem a portion of their outstanding Series W-7 Variable Rate Muni Term Preferred Shares (“VMTP Shares”) on or about November 24, 2023, at a redemption price equal to the liquidation preference of $100,000 per share, together with accumulated and unpaid dividends through the day prior to the redemption date. Shareholders are expected to benefit from lower expenses as a result of the redemptions.
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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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CEF Report February 2023 | The January Effect Didn't Disappoint
The January Effect boosted the valuation of most areas of the closed-end fund market. Taxable bond CEFs have rallied strongly while leaving munis behind. We think this is an opportunity for investors for 2023, as credit spreads are likely to widen, dragging down taxable bond NAVs. We favor munis and high-quality taxables.
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CEF Report August 2022 - CEFs Continue In Rally Mode, But For How Long?
Risk assets continue to rebound with investors focusing on the potential of a Fed pivot given slower growth and inflation. We think we will shift from a stagflationary economic regime to a deflationary bust one. That means adding duration and quality.
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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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Municipal CEF Market Update
We take a look at the Municipal CEF sector which has held up very well despite a rise in Treasury yields. Fundamentals remain in good shape with the fiscal stimulus feeding through and the potential infrastructure tailwind in the pipeline.
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State Of The CEF Market Update
We look at some broad CEF trends that have developed over the past year, such as performance relative to ETFs, as well as discount weakness. In our Income Portfolios, we continue to approach CEF allocation with a margin-of-safety perspective, while also diversifying into senior securities.
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Treasury Curve Bear-Steepened; Muni Yields Higher - Muni Fortnightly, August 31, 2020
The Treasury curve bear-steepened and muni yields followed higher. Moody’s: Covid-19 will result in state and local government austerity and higher leverage.
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Treasuries Had A Bear-Steepening Week: Fixed Income Weekly Monitor, August 31, 2020
Treasury yields bear-steepened. Powell comments on desire for more inflation not immediately recognizable in yields.
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Rule #1 For Bonds: Don't Lose Money
At the beginning of this year, we created the Baskin Fixed Income Fund as a more efficient way to manage your fixed income investments.
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For Muni Investors, COVID-19 Provides Lessons In Liquidity
Over the years, individual investors have flocked to municipal bonds to meet safety, income and after-tax return goals.
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Small Ways Muni Investors Can Make A Big Difference
Municipal bonds issued by state and local entities fund projects across various sectors that create the foundation upon which local economies thrive.
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What Happened In The Bond Markets Last Week? Muni Fortnightly, July 20, 2020
Muni yields fell more as ratios have declined. Muni funds experienced net inflows for 10th consecutive week.
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2020 Muni Market Midyear Update
States and towns are reluctant to make any issuance until they have an understanding of just how bad their revenue losses are going to be.
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Heroes And Villains
My attention is fully focused on the markets and what is driving them. The Superman for the markets is Chairman Jerome Powell, the Presidents and Governors of t
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Advisor Group Holdings Inc. Buys New Position in BlackRock MuniVest Fund Inc. (NYSEAMERICAN:MVF)
Advisor Group Holdings Inc. bought a new stake in BlackRock MuniVest Fund Inc. (NYSEAMERICAN:MVF) during the first quarter, HoldingsChannel.com reports. The fund bought 172,455 shares of the investment management company’s stock, valued at approximately $1,397,000. A number of other institutional investors have also recently made changes to their positions in the stock. Guggenheim Capital LLC […]
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The Muni Selloff That Was
The first two months of the year witnessed a drop in US Treasury yields as well as muni yields as concerns over slowing growth internationally kept bond yields
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Responsible Investing In A Traditional Asset Class
In November 2008, the World Bank issued the first-ever bond that carried the label green. Municipal green bonds enjoy the same tax-exempt status as traditional
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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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Treasury Yields Were Little Changed In Low Volatility - Muni Fortnightly, June 22, 2020
Treasury yields were little changed. Muni yields rose slightly as rally paused. Moody’s commented on property tax stability, college tuition revenue declines an
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Mid-Grade Munis Have Room To Rebound
Caught in the COVID-19 economic downdraft, the municipal market suffered unprecedented volatility in March. Since then, however, demand for higher-grade municip
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Municipal Bond Perspective: Where We Go From Here
Given the financial strength of the sector, we believe airports have the requisite resources to weather a decline in air travel over the next several months. If
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How Municipal Bond Issuers Will Navigate The Crisis
Tough times are ahead for municipal bond issuers. The recession, sparked by the coronavirus-led shutdown of the US economy, will temporarily reduce most tax and
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Municipal Bonds: Volatility Is Creating A Potential Opportunity, But Choose Carefully
Until very recently municipal bonds were a very different experience, finishing 2019 with a 14-month run of positive net inflows, equating $95 billion into open
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The Muni Meltdown Timeline (And The Opportunity It Presents)
The municipal bond market has suffered one of the most dramatic back-offs it has ever seen. The meltup of Treasury prices had a terrible effect on most Wall Str
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The Fed Enters The Municipal Bond Market To Lend Cities A Hand, But Will It Be Enough?
On Monday, the Federal Reserve went all-in to support America's shuttered economy. Among its most remarkable moves was its backstop of the $3.8 trillion municip
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Introducing the Inc. 5000 Series: D.C. Metro's Top Companies
Inc.'s inaugural ranking of the most successful companies in the region.
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BlackRock MuniVest Fund, Inc. -- Moody's announces completion of a periodic review of ratings of BlackRock MuniVest Fund, Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of BlackRock MuniVest Fund, Inc. New York, January 29, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BlackRock MuniVest Fund, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
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Fiera Capital Tax-Efficient Fixed Income 1st Quarter Market Commentary
No summary available.
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