Summary: BlackRock Closed-End Funds announced implementation of voluntary management fee waivers, effective May 1, 2024, to increase tax-exempt income to shareholders. The waiver includes an additional one-time $2 million in management/advisory fees.
Full articleSummary: BlackRock closed-end funds announced the implementation of voluntary management fee waivers to increase tax-exempt income to shareholders by waiving management fees, led by R. Glenn Hubbard, Chair of the Board. BlackRock will waive fees if certain conditions are met and will provide updates on the Funds' performance monthly.
Full articleSummary: BlackRock announced a management fee waiver for certain closed-end funds effective May 1, 2024, to increase tax-exempt income to shareholders. The waiver includes waiving an additional one-time $2 million in management/advisory fees pro-rata across the funds.
Full articleSummary: BlackRock MuniVest Fund, Inc. (NYSE: MVF) announced the adoption of a discount management program to repurchase a portion of its common shares if certain conditions are met during specified time periods. The program is intended to enhance long-term shareholder value.
Full articleSummary: BlackRock MuniVest Fund, Inc. announced the adoption of a discount management program allowing for repurchase of common shares if certain conditions are met, aiming to enhance long-term shareholder value. The Program includes six Measurement Periods and is in effect until September 30, 2025.
Full articleSummary: BlackRock MuniVest Fund, Inc. announced the adoption of a discount management program, where they intend to repurchase a portion of common shares if trading at an average daily discount to net asset value exceeds 7.50% during specified periods. The Program is expected to enhance long-term shareholder value but offers no guarantees on the effect on the market or share trading.
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