M&A - BLACKROCK MUNIASSETS FUND, INC.

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.