Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
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BlackRock announced distribution dates and amounts for certain closed-end funds, including the BlackRock Municipal Income Fund, Inc. (MUI), which will delist from the NYSE on February 14, 2025.
February 03, 2025 | 10:30 pm
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NEUTRAL IMPACT
BlackRock, the parent company of the closed-end funds, announced distribution details for its funds, including the delisting of MUI from the NYSE.
While BlackRock's announcement affects its closed-end funds, the direct impact on BlackRock's stock (BLK) is limited. The delisting of MUI is more relevant to MUI investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
BlackRock Municipal Income Fund, Inc. (MUI) announced a distribution of $0.055 per share and will delist from the NYSE on February 14, 2025.
The delisting of MUI from the NYSE could lead to a decrease in liquidity and potentially impact the stock price negatively in the short term. The announced distribution is a regular event but the delisting is significant.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100