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$Blackrock Munivest Fund Inc (MVF.US)$ NEWS BlackRock MuniVe...
NEWS
BlackRock MuniVest Fund, Inc. (MVF) Announces Adoption of Discount Management Program
BlackRock MuniVest Fund, Inc. (MVF) has announced the adoption of a discount management program. The Program allows the Fund to repurchase 2.5% of its common shares at 98% of NAV if shares trade at more than a 7.50% discount. The Program will run for six Measurement Periods until September 30, 2025, aiming to enhance long-term shareholder value. However, there's no guarantee of selling all desired shares or the effect on the market. The adoption is part of an Agreement with BlackRock Advisors, and Karpus Investment Management.
The adoption of the discount management program by BlackRock MuniVest Fund, Inc. (MVF) is expected to enhance long-term shareholder value.
The tender offer under the Program allows shareholders an opportunity to sell a portion of their shares at a price equal to 98% of the Fund's NAV.
BlackRock MuniVest Fund, Inc. is taking proactive steps to manage its discount to NAV, which could potentially attract more investors and stabilize the share price.
The tender offer under the Program allows shareholders an opportunity to sell a portion of their shares at a price equal to 98% of the Fund's NAV.
BlackRock MuniVest Fund, Inc. is taking proactive steps to manage its discount to NAV, which could potentially attract more investors and stabilize the share price.
There is no guarantee that shareholders will be able to sell all of the shares they desire in any particular tender offer under the Program.
The actual impact of the Program on the market for the Fund's shares and the discount at which the Fund's shares may trade relative to its NAV is uncertain.
Investors should be cautious as there are no assurances about the ultimate effectiveness of the Program in achieving its intended goals.
The actual impact of the Program on the market for the Fund's shares and the discount at which the Fund's shares may trade relative to its NAV is uncertain.
Investors should be cautious as there are no assurances about the ultimate effectiveness of the Program in achieving its intended goals.
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