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BlackRock MuniAssets Fund (NYSE: MUA) announced the successful completion of its over-subscribed transferable rights offering, which expired on August 20, 2026. Rights holders were entitled to subscribe for up to 16,784,940 common shares at a final subscription price of $9.91 per share, set at 90% of net asset value on the expiration date.
The offering is expected to result in the issuance of approximately 16.8 million new shares and anticipated gross proceeds of about $166 million. According to the Fund, BlackRock Advisors has agreed to pay all offering expenses, so the Fund will receive the entire proceeds to invest in line with its stated objective and policies.
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.