Tender Offers for BLACKROCK MUNIVEST FUND, INC.

Form Type: SC TO-C

Filing Date: 2025-01-03

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525000824

Comments: On January 2, 2025, BlackRock MuniVest Fund, Inc. announced a tender offer for its common shares following the results of the Quarterly Measurement Period under its discount management programs. The Fund noted a Trigger Event, as its shares traded at an average daily discount to net asset value (NAV) exceeding 7.50% during the Measurement Period from October 1, 2024, to December 31, 2024. The Board authorized a tender offer to repurchase 2.5% of outstanding shares at a price of 98% of the Fund's NAV per share. Tender offers are set to commence on January 21, 2025, with expiration dates varying by fund. If more than the intended 2.5% of outstanding shares are tendered, repurchase will occur on a pro-rata basis. Payments for accepted shares are expected within five business days after the tender offer's expiration. Common shareholders are advised to review the tender offer materials upon release for detailed information.

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