M&A - BLACKROCK MUNICIPAL INCOME TRUST

Form Type: 425

Filing Date: 2025-01-21

Corporate Action: Merger

Type: New

Accession Number: 000119312525009594

Filing Summary: On January 21, 2025, BlackRock Advisors, LLC announced the approval by the Boards of Directors/Trustees of several closed-end funds for a series of reorganizations. Specifically, BlackRock Municipal Income Trust, along with two other funds, will be reorganized into BlackRock MuniHoldings Fund, Inc. Additionally, two other funds will merge into BlackRock MuniYield Quality Fund, Inc., and BlackRock Long-Term Municipal Advantage Trust will merge into BlackRock MuniAssets Fund, Inc. The expected benefits of these mergers include lower expenses, increased income, a higher after-tax yield, and improved secondary market trading. The reorganizations are subject to approvals from common and preferred shareholders and are slated for completion in the third quarter of 2025. Detailed information regarding these reorganizations will be distributed through a definitive Proxy Statement and Proxy Statement/Prospectus, which have yet to be filed with the SEC. Investors are encouraged to review these documents carefully when they become available to understand the implications of the reorganizations fully.