M&A - BLACKROCK MUNIASSETS FUND, INC.

Form Type: 425

Filing Date: 2025-06-09

Corporate Action: Merger

Type: New

Accession Number: 000119312525137930

Filing Summary: On June 9, 2025, BlackRock Advisors, LLC announced significant board approvals regarding a series of reorganizations and mergers designed to enhance scale benefits for municipal closed-end fund (CEF) shareholders. The proposed reorganizations include merging several funds into BlackRock MuniAssets Fund, Inc. (MUA) and other entities, with specific target funds listed including BlackRock Long-Term Municipal Advantage Trust (BTA) and BlackRock California Municipal Income Trust (BFZ). The shareholder meeting to vote on these changes is set for October 15, 2025, pending necessary approvals and customary closing conditions. This document indicates that this reorganization process, involving multiple funds and assets, aims to optimize resources and cater to the interests of investors and shareholders, ensuring a streamlined operational structure across BlackRock's municipal funds.

Form Type: 425

Filing Date: 2025-01-21

Corporate Action: Merger

Type: New

Accession Number: 000119312525009623

Filing Summary: BlackRock Advisors, LLC announced the approval of several closed-end fund reorganizations by the Boards of Directors/Trustees of the affected funds. The funds involved in the reorganizations include BlackRock Municipal Income Trust II, BlackRock Municipal Income Quality Trust, and BlackRock Municipal Income Trust merging into BlackRock MuniHoldings Fund, Inc. Additionally, BlackRock Investment Quality Municipal Trust, BlackRock MuniYield Quality Fund II, and BlackRock MuniYield Fund will merge into BlackRock MuniYield Quality Fund, Inc. Also, BlackRock Long-Term Municipal Advantage Trust will reorganize into BlackRock MuniAssets Fund, Inc. The anticipated benefits for shareholders include reduced expenses, increased income, and better secondary market trading. These reorganizations are expected to be completed in Q3 2025, subject to shareholder approvals and customary closing conditions. The document also emphasized that information about the reorganizations will be available through a future Proxy Statement, and shareholders are encouraged to read it when it becomes available.