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BlackRock MuniAssets Fund (NYSE: MUA) announced a transferable rights offering for shareholders of record on July 28, 2026. Holders will receive one Right per common share, with three Rights required to purchase one new Share. The Subscription Price, set on the August 20, 2026 Expiration Date, will equal 95% of the average NYSE sales price over the Expiration Date and four prior trading days, subject to a minimum of 90% of net asset value (NAV) per share.
Rights are expected to trade on the NYSE under “MUA RT” until August 19, 2026. According to the company, BlackRock Advisors will bear all offering expenses. Record Date shareholders who fully exercise their Rights may request additional shares via an over-subscription privilege, subject to availability and possible Board elimination.
BlackRock Advisors, LLC has announced the successful pricing and placement of $175 million in Variable Rate Demand Preferred Shares (VRDP) for BlackRock MuniAssets Fund, Inc. (NYSE: MUA). The issuance, consisting of 1,750 shares with a liquidation preference of $100,000 each, aims to enhance the Fund's leverage and is expected to be accretive to earnings. The VRDP is rated Aa2 and is part of an offering exempt from registration under the Securities Act of 1933.