Welcome to our dedicated page for BlackRock MuniVest news (Ticker: MVF), a resource for investors and traders seeking the latest updates and insights on BlackRock MuniVest stock.
BlackRock MuniVest Fund, Inc. (MVF) is a closed-end municipal bond fund whose stated objective is to provide current income exempt from regular U.S. federal income tax. News about MVF often focuses on fund-level actions that affect common shareholders, particularly tender offers and discount management activities announced by BlackRock.
Recent press releases describe the adoption of a discount management program for MVF. Under this program, if the fund’s common shares trade at an average daily discount to net asset value of more than 7.50% during a three-month measurement period, the fund intends to conduct a tender offer to repurchase 2.5% of its outstanding common shares at 98% of net asset value. Subsequent news items have detailed the commencement, expiration, preliminary results and final results of such tender offers.
These announcements include information such as the number of shares offered for repurchase, the number of shares tendered, pro-ration factors when offers are oversubscribed and the purchase price as a percentage of net asset value. They also explain that tender offers are documented through an offer to purchase and related materials filed on Schedule TO with the U.S. Securities and Exchange Commission.
Investors following MVF news can use this page to track developments related to the fund’s discount management program, tender offer activity and other material communications issued by BlackRock. Because BlackRock states that it updates performance and certain other data for the fund on a monthly basis and releases additional information as necessary, this news feed is a useful companion resource for monitoring how disclosed corporate actions may relate to the trading of MVF common shares.
BlackRock (MVF) announced that shareholders approved reorganizations of BlackRock MuniVest Fund, Inc. (MVF) and BlackRock MuniVest Fund II, Inc. (MVT) into BlackRock MuniYield Quality Fund III, Inc. (MYI).
Approvals occurred at meetings on October 15, 2025 and November 20, 2025. The Reorganizations are expected to close in February 2026, subject to customary closing conditions, and would occur based on each fund’s relative net asset value at the time of each Reorganization. One proposed Reorganization of BlackRock MuniYield Michigan Quality Fund (MIY) into MYI did not receive the required vote and will continue as a standalone fund. The Reorganizations are expected to be non-taxable events.
BlackRock MuniVest Fund (NYSE:MVF) has announced the final results of its tender offer for up to 2.5% of its outstanding common shares. The tender offer, which expired on August 15, 2025, was oversubscribed, leading to a pro-rata distribution of shares among tendering shareholders.
The fund will purchase 1,433,392 shares at a price of $6.9482 per share (98% of NAV as of August 18, 2025). With 19,520,275 shares tendered, the pro-ration factor was set at 0.07343120. Payments are expected to be processed within five business days after the expiration date.
BlackRock MuniVest Fund (NYSE:MVF) has announced the preliminary results of its tender offer that expired on August 15, 2025. The Fund offered to repurchase up to 1,433,392 shares (2.5% of outstanding common shares) at 98% of NAV as of August 18, 2025.
The tender offer was significantly oversubscribed with 19,520,275 shares tendered by shareholders, indicating strong participation. Due to oversubscription, shares will be purchased on a prorated basis. Final results and pro-ration factors are expected to be announced on August 18, 2025.
BlackRock MuniVest Fund, Inc. (MVF) has announced a tender offer following the results of its Quarterly Measurement Period under its discount management program. The Fund recorded an average daily discount to NAV of -7.60% during the period from April 1, 2025, to June 30, 2025, triggering the repurchase mechanism as it exceeded the -7.50% threshold.
The Fund will conduct a tender offer for 2.5% of its outstanding common shares at 98% of the Fund's NAV per share. The tender offer will commence on July 15, 2025, and expire on August 15, 2025, at 5:00 p.m. Eastern Time. If oversubscribed, shares will be purchased on a pro rata basis.
The initiative is part of the Fund's ongoing strategy to manage its discount, enhance shareholder value, and provide market liquidity. Payments for tendered and accepted shares are expected to be made approximately five business days after the expiration date.
BlackRock MuniVest Fund (MVF) and BlackRock Innovation and Growth Term Trust (BIGZ) announced final results of their tender offers for up to 2.5% of outstanding common shares. Both offers were oversubscribed. MVF will purchase 1,546,504 shares at $7.84 per share with a pro-ration factor of 0.05950522, while BIGZ will acquire 5,470,208 shares at $8.575 per share with a pro-ration factor of 0.15241822. The purchase price equals 98% of each Fund's NAV as of November 21, 2024. Payments are expected within five business days after expiration.
BlackRock closed-end funds announced the expiration and preliminary results of their Tender Offers for up to 2.5% of outstanding common shares. The offers ran from October 18 to November 20, 2024. For BlackRock MuniVest Fund (MVF), 26,002,760 shares were tendered against 1,546,504 offered. For BlackRock Innovation and Growth Term Trust (BIGZ), 35,904,019 shares were tendered against 5,470,208 offered. Due to oversubscription, shares will be prorated. The purchase price will be 98% of each Fund's NAV as of November 21, 2024. Final results and pro-ration factors are expected to be announced around November 21.
BlackRock closed-end funds MVF, ECAT, and BIGZ have announced the final results of their tender offers for up to 2.5% of outstanding common shares. All offers were oversubscribed, leading to pro-rata purchases. Key details:
- MVF: 26,471,815 shares tendered, 1,586,158 to be purchased at $7.9086 per share
- ECAT: 17,487,970 shares tendered, 2,547,328 to be purchased at $18.0516 per share
- BIGZ: 42,424,300 shares tendered, 5,610,470 to be purchased at $8.1242 per share
Purchase prices are set at 98% of each fund's NAV as of August 22, 2024. Payments are expected within five business days after the expiration date.
BlackRock closed-end funds MVF, ECAT, and BIGZ have announced the expiration and preliminary results of their tender offers for up to 2.5% of outstanding common shares. The offers, which began on July 22, 2024, and ended on August 21, 2024, were significantly oversubscribed. For example, BlackRock MuniVest Fund (MVF) offered 1,586,158 shares but received tenders for 26,471,815 shares. Due to oversubscription, share purchases are expected to be prorated. The purchase price will be 98% of each fund's NAV as of August 22, 2024. Final results, including pro-ration factors, are expected to be announced around August 22, 2024.
BlackRock MuniVest Fund, Inc. (MVF) has announced the adoption of a discount management program. The Program allows the Fund to repurchase 2.5% of its common shares at 98% of NAV if shares trade at more than a 7.50% discount. The Program will run for six Measurement Periods until September 30, 2025, aiming to enhance long-term shareholder value. However, there's no guarantee of selling all desired shares or the effect on the market. The adoption is part of an Agreement with BlackRock Advisors, and Karpus Investment Management.
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