Business
BlackRock Announces Completion of Certain Municipal CEF Reorganizations and Adoption of Discount Management Programs
NEW YORK, February 23, 2026--BlackRock Advisors, LLC announced today each of the closed-end funds named below (each, a "Fund" and collectively, the "Funds") have completed their reorganizations (each, a "Reorganization" and collectively, the "Reorganizations"). Additionally, each of the Survivor Funds, as identified below, adopted a Discount Management Program that seeks to enhance long-term shareholder value via periodic liquidity events if certain conditions are met (see below for details).
About this update from Blackrock, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1500,"height":526,"url":"https://media.zenfs.com/en/business-wire.com/95fd7bee2d00511c47acadd069c054d8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/pk_s2pXdmy2yCMxmacAf.Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMzNztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/95fd7bee2d00511c47acadd069c054d8","width":960,"height":337},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/BxxJhCKwm.xCayMwrk5vxw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD04NDI7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/95fd7bee2d00511c47acadd069c054d8","width":1200,"height":421}},"lazy":false},{"type":"text","content":"NEW YORK, February 23, 2026--(BUSINESS WIRE)--BlackRock Advisors, LLC announced today each of the closed-end funds named below (each, a "Fund" and collectively, the "Funds") have completed their reorganizations (each, a "Reorganization" and collectively, the "Reorganizations"). Additionally, each of the Survivor Funds, as identified below, adopted a Discount Management Program that seeks to enhance long-term shareholder value via periodic liquidity events if certain conditions are met (see below for details).","length":554,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Reorganization of BlackRock Long-Term Municipal Advantage Trust (BTA) with and into BlackRock MuniAssets Fund, Inc. (MUA)","length":121,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Reorganizations of BlackRock MuniVest Fund, Inc. (MVF) and BlackRock MuniVest Fund II, Inc. (MVT) with and into BlackRock MuniYield Quality Fund III, Inc. (MYI)","length":160,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Reorganizations of BlackRock MuniYield Fund, Inc. (MYD), BlackRock MuniYield Quality Fund II, Inc. (MQT) and BlackRock Investment Quality Municipal Trust, Inc. (BKN) with and into BlackRock MuniYield Quality Fund, Inc. (MQY)","length":224,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":505,"olType":false},{"type":"text","content":"Six Muni CEFs have been reorganized into three acquiring funds:","length":63,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"4","rowspan":"1","style":"borde...