M&A - BLACKROCK MUNIVEST FUND, INC.

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Form Type: 425

Filing Date: 2025-06-09

Corporate Action: Merger

Type: New

Accession Number: 000119312525137859

Filing Summary: On June 9, 2025, BlackRock Advisors, LLC announced board approvals for a series of reorganizations and mergers involving several closed-end funds, aimed at generating scale benefits for municipal closed-end fund shareholders. The specific reorganizations approved include merging BlackRock Long-Term Municipal Advantage Trust into BlackRock MuniAssets Fund, reorganizing BlackRock California Municipal Income Trust into BlackRock MuniHoldings California Quality Fund, and merging BlackRock New York Municipal Income Trust with BlackRock MuniHoldings New York Quality Fund into BlackRock MuniYield New York Quality Fund. Additionally, various funds including BlackRock MuniYield Fund and BlackRock Virginia Municipal Bond Trust will merge into BlackRock MuniYield Quality Fund. Shareholder meetings are scheduled for October 15, 2025, to finalize these mergers, which depend on shareholder approvals and customary closing conditions. The announcement also clarifies that this press release does not serve as an offer to buy or sell shares and stresses that detailed information on the reorganizations will be provided in forthcoming proxy statements to be filed with the SEC.

Additional details:

Subject Company: BlackRock MuniVest Fund, Inc.

Shareholder Meeting Date: 2025-10-15

Acquiring Funds: ["BlackRock MuniAssets Fund, Inc.","BlackRock MuniHoldings California Quality Fund, Inc.","BlackRock MuniYield New York Quality Fund, Inc.","BlackRock MuniYield Quality Fund, Inc.","BlackRock MuniHoldings Fund, Inc.","BlackRock MuniYield Quality Fund III, Inc."]

Target Funds: ["BlackRock Long-Term Municipal Advantage Trust","BlackRock California Municipal Income Trust","BlackRock New York Municipal Income Trust","BlackRock MuniHoldings New York Quality Fund, Inc.","BlackRock MuniYield Fund, Inc.","BlackRock MuniYield Quality Fund II, Inc.","BlackRock Investment Quality Municipal Trust, Inc.","BlackRock Virginia Municipal Bond Trust","BlackRock MuniYield Pennsylvania Quality Fund","BlackRock MuniHoldings Quality Fund II, Inc.","BlackRock Municipal Income Trust","BlackRock Municipal Income Quality Trust","BlackRock Municipal Income Trust II","BlackRock MuniVest Fund, Inc.","BlackRock MuniVest Fund II, Inc.","BlackRock MuniYield Michigan Quality Fund, Inc."]

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