BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations

Core Points - BlackRock has announced shareholder approval for the reorganization of certain municipal closed-end funds (CEFs) into fewer acquiring funds, which is expected to be completed by February 2026 [1][2][5] Group 1: Reorganization Details - Eight municipal CEFs will be reorganized into four acquiring funds, specifically: - BlackRock Municipal Advantage Trust (BTA) will merge into BlackRock MuniAssets Fund, Inc. (MUA) - BlackRock California Municipal Income Trust (BFZ) will merge into BlackRock MuniHoldings California Quality Fund, Inc. (MUC) - BlackRock New York Municipal Income Trust (BNY) and BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) will merge into BlackRock MuniYield New York Quality Fund, Inc. (MYN) - BlackRock MuniHoldings Quality Fund II, Inc. (MUE), BlackRock Municipal Income Trust (BFK), BlackRock Municipal Income Quality Trust (BYM), and BlackRock Municipal Income Trust II (BLE) will merge into BlackRock MuniHoldings Fund, Inc. (MHD) [2][5] - The reorganizations are expected to be non-taxable events and will be based on the relative net asset values of each Fund's common shares at the time of the reorganization [2][5] Group 2: Company Overview - BlackRock aims to enhance financial well-being for investors by providing financial technology and investment solutions, helping millions build savings for their future [3] Group 3: Fund Updates - BlackRock will provide monthly updates on the performance and other data for the Funds on its website, ensuring investors have access to relevant information [4]