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: Robinson Capital Management LLC increased its stake in BlackRock MuniVest Fund II by 58.5% during the 4th quarter, owning 540,045 shares valued at $5,822,000. Other institutional investors also adjusted their holdings. The stock remained flat at $10.78 on Friday. A monthly dividend of $0.0505 was announced. The company's 52-week range is $8.96 to $11.17.
Full articleSummary: Raymond James & Associates increased its holdings in BlackRock MuniVest Fund II by 38.4% in the 4th quarter, adding 8,306 shares worth $323,000. Other institutional investors and hedge funds have also recently invested in MVT.
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