BlackRock Municipal Income Fund

BlackRock Municipal Income Fund, Inc. is a closed-end investment fund and investment trust company. Its investment objective is to provide high current income exempt from federal income taxes. The company was founded on August 1, 2003 and is headquartered in Wilmington, DE.

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.

BlackRock Municipal Income Fund, Inc. (MUI) Provides De-Listing and Conversion Dates for Upcoming Conversion to Unlisted Continuously-Offered Closed-End Fund

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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.

CEF Weekly Review: Emerging Market Debt Remains A Tricky Income Holding

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.

BlackRock Municipal Income Fund, Inc. (MUI) Announces Final 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.

BlackRock Municipal Income Fund, Inc. (MUI) Expiration and Preliminary Results of Tender Offer

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.

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 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.

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 today announced BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”, CUSIP: 09253X102) intends to redeem all of its outstanding Series W-7 Variable Rate Demand Preferred Shares on September 27, 2024, 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. This press release is neither an offer to sell nor a solicitation.

BlackRock Municipal Income Fund, Inc. (MUI) Announces Variable Rate Demand Preferred Shares Action

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NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today commented on the outcome of the appeal brought in the United States Court of Appeals for the Second Circuit (the “Appellate Court”) by the BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Municipal Income Fund (NYSE: MUI), Royce Global Value Trust (NYSE: RGT), Tortoise Midstream Energy Fund (NYSE: NTG), Tortoise Energy Independence Fund (NYSE: NDP), Tortois.

U.S. Court of Appeals for the Second Circuit Reaffirms Ruling That Certain Closed-End Funds, Including Funds Advised by BlackRock, Violated the Investment Company Act of 1940

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.

Board of BlackRock Municipal Income Fund, Inc. (MUI) Approves Conversion to Unlisted Closed-End Interval Fund Structure

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.

CEF Weekly Review: Are Discounts Good Or Bad?

Every now and then in income investing, we get a sweet setup where a “boring” high yielder absolutely soars—practically overnight.

This 5.5% Dividend Just Exploded, Walloped Stocks

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.

BlackRock Municipal Income Fund, Inc. (MUI) Announces Tender Offer Contingent Upon Approval of Conversion of MUI to Unlisted Closed-End Interval Fund Structure

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Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.

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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.

Weekly Closed-End Fund Roundup: Saba Continues CEF Battles (July 2, 2023)

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Blackrock Municipal Income Trust

Blackrock California Muni Income Trust

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Blackrock Municipal Income Trust II

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Blackrock New York Municipal Income Trust

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Municipal Closed-End Funds: Near-Term Pain, Long-Term Gain?.

Municipal Closed-End Funds: Near-Term Pain, Long-Term Gain?

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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".

CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update

BlackRock MuniYield Quality Fund Inc

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

BlackRock Announces Fiscal Year End Changes for Certain Municipal Closed-End Funds

BlackRock MuniHoldings Investment Quality Fund

NEW YORK--(BUSINESS WIRE)--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 “Reorganization”) is effective as of the opening for business of the New York Stock Exchange on Monday, April 11, 2022. In the Reorganization, common shareholders of MFL received an amount of MUI common shares equal to the aggr

BlackRock Announces Closing of Reorganization of Two Municipal Closed-End Funds

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC today announced the declaration of a special distribution for BlackRock MuniHoldings Investment Quality Fund (NYSE: MFL) and an early distribution for BlackRock Municipal Income Fund, Inc. (NYSE: MUI and together with MFL, the “Funds,” and each, a “Fund”), in connection with the reorganization of MFL into MUI, with MUI continuing (the “Combined Fund”) as the surviving Fund (the “Reorganization”). With respect to MFL, the special distribution de

BlackRock Announces Special Distributions Related to the Reorganization of Two Municipal Closed-End Funds

NEW YORK--(BUSINESS WIRE)--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 Municipal Income Fund, Inc. (NYSE: MUI and together with MFL, the “Funds,” and each, a “Fund”), with MUI continuing as the surviving Fund, and the transactions contemplated thereby (the “Reorganizat

BlackRock Announces Results of Shareholder Vote at Adjourned Joint Special Shareholder Meeting Relating to the Reorganizations of Two Municipal Closed-End Funds.

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

BlackRock Muni Intermediate Duration Fund, Inc. Announces Investment Policy Update and Name Change

News for BlackRock Municipal Income Fund ETF (MUI)