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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BlackRock Municipal Income Fund, Inc. (MUI) announced its conversion from an exchange-listed closed-end fund to an unlisted continuously-offered closed-end fund, named BlackRock Municipal Credit Alpha Portfolio, Inc. The conversion will include quarterly share repurchases.
December 24, 2024 | 12:45 am
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BlackRock Municipal Income Fund, Inc. (MUI) is transitioning from a listed to an unlisted fund, which may affect liquidity and investor access. The fund will be renamed and offer quarterly share repurchases.
The conversion from a listed to an unlisted fund may reduce liquidity and change how investors can access the fund. The quarterly repurchase feature may partially offset liquidity concerns, but the overall impact is likely negative in the short term due to reduced market visibility.
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IMPORTANCE 80
RELEVANCE 100