Welcome to our dedicated page for BlackRock Municipal Income Fund news (Ticker: $MUI), a resource for investors and traders seeking the latest updates and insights on BlackRock Municipal Income Fund stock.
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BlackRock Advisors, announced the approval of a tender offer by the Board of Directors of BlackRock Municipal Income Fund, Inc. to repurchase 50% of outstanding common shares at a price equal to 98% of the net asset value. The offer is contingent on the Fund's conversion to an unlisted closed-end fund structure by December 31, 2024. The Conversion is expected to be completed in the second half of 2024, subject to approvals. The Tender Offer and Conversion are part of an agreement between the Fund, BlackRock, and Karpus Management, Inc.
