Rhea-AI Summary
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.
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End-of-Day
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FAQ
What is the current stock price of BlackRock MuniYield Quality Fund III (MYI)?
BlackRock MuniYield Quality Fund III (MYI) last closed at $10.21.
What is the market cap of BlackRock MuniYield Quality Fund III (MYI)?
The market cap of BlackRock MuniYield Quality Fund III (MYI) is approximately $1.2B.