BlackRock MuniVest Fund Inc

BlackRock MuniVest Fund, Inc. operates as closed end investment fund. Its investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The trust seeks to achieve its investment objective by investing its assets in municipal obligations exempt from federal income taxes. BlackRock MuniVest Fund was founded on September 29, 1988 and is headquartered in Wilmington, DE.

DTF Tax-Free Income

Eaton Vance Municipal Bond Fund

Deutsche Municipal Income Trust

Nuveen Quality Municipal Income Fund

We discuss Muni CEF performance, distributions and valuations in this latest update. Municipal CEFs have outperformed due to high rates, wide discounts, and rising distributions, however the easy money has mostly been made in our view. Municipal bonds remain attractive compared to corporate bonds, but Muni CEF discounts have tightened to historic averages, reducing their previous appeal.

Municipal CEF Update: Discounts And Rates Deliver A Rally

Saba Capital Income & Opportunities Fund

Nuveen Municipal Credit Income Fund

Saba Capital Income & Opportunities Fund II

We review the CEF market valuation and performance through the first week of August and highlight recent market action. CEF performance diverged this week as higher-quality / longer duration sectors like Munis outperformed. NYSE proposed rule change could eliminate annual CEF shareholder meetings, potentially impacting shareholder activism and competition in the CEF space.

CEF Weekly Review: Managers Kick It Up A Notch In Fight With Saba

Western Asset Mortgage Opportunity Fund

We review CEF market valuation and performance through the first week of July and highlight recent market action. All CEF sectors finished the week in the green, with fixed-income CEF sector discounts now expensive and equity CEF sector discounts somewhat cheap. Saba and BlackRock came out with differing press releases on the latest proxy votes over board membership and termination of CEFs.

CEF Weekly Review: Saba/BlackRock Feud Escalates

NEW YORK--(BUSINESS WIRE)---- $MVF--BlackRock MuniVest Fund, Inc. (NYSE: MVF, the “Fund”) announced today the adoption of a discount management program (the "Program"). Under the terms of the Program, the Fund intends to offer to repurchase a portion of its common shares via tender offer if certain conditions are met during specified time periods, as detailed below. If MVF's common shares trade at an average daily discount to net asset value ("NAV") of more than 7.50% during a 3-month measurement period.

BlackRock MuniVest Fund, Inc. (MVF) Announces Adoption of Discount Management Program

Blackrock Municipal Income Trust

Blackrock Investment Quality Municipal Trust

Blackrock Municipal Income Trust II

BlackRock Municipal Income Quality Trust

BlackRock MuniHoldings Fund

BlackRock MuniYield Quality Fund II Inc

BlackRock MuniHoldings Quality Fund II Inc

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC today announced BlackRock Municipal Income Trust (NYSE: BFK), BlackRock Investment Quality Municipal Trust, Inc. (NYSE: BKN), BlackRock Municipal Income Trust II (NYSE: BLE), BlackRock Municipal Income Quality Trust (NYSE: BYM), BlackRock MuniHoldings Fund, Inc. (NYSE: MHD), BlackRock MuniYield Quality Fund II, Inc. (NYSE: MQT), BlackRock MuniHoldings Quality Fund II, Inc. (NYSE: MUE), BlackRock MuniVest Fund, Inc. (NYSE: MVF), and BlackRock MuniVest Fund II, Inc. (NYSE: MVT) (collectively, the “Funds”) intend to redeem a portion of their outstanding Series W-7 Variable Rate Muni Term Preferred Shares (“VMTP Shares”) on or about November 24, 2023, at a redemption price equal to the liquidation preference of $100,000 per share, together with accumulated and unpaid dividends through the day prior to the redemption date. Shareholders are expected to benefit from lower expenses as a result of the redemptions.

Certain BlackRock Municipal Closed-End Funds Announce Variable Rate Muni Term Preferred Shares Actions

BlackRock Taxable Municipal Bond Trust

Blackrock California Muni Income Trust

BlackRock Virginia Municipal Bond Trust

BlackRock 2037 Municipal Target Term Trust

Blackrock New York Municipal Income Trust

Blackrock Long-Term Municipal Advantage Trust

BlackRock Municipal 2030 Target Term Trust

BlackRock MuniHoldings New York Quality Fund Inc

BlackRock MuniYield Michigan Quality Fund Inc

BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniAssets Fund

BlackRock MuniHoldings California Quality Fund Inc

BlackRock Municipal Income Fund

BlackRock MuniHoldings New Jersey Quality Fund Inc

BlackRock MuniVest Fund II Inc

BlackRock MuniYield Fund

BlackRock MuniYield Quality Fund III Inc

Municipal Closed-End Funds: Near-Term Pain, Long-Term Gain?.

Municipal Closed-End Funds: Near-Term Pain, Long-Term Gain?

BlackRock Resources & Commodities Strategy Trust

BlackRock Energy and Resources Trust

BlackRock Floating Rate Income Trust

BlackRock Enhanced International Dividend Trust

BlackRock Innovation & Growth Trust

BlackRock Health Sciences Trust II

BlackRock Enhanced Global Dividend Trust

BlackRock Science and Technology Trust II

BlackRock MuniYield New York Quality Fund Inc

NEW YORK--(BUSINESS WIRE)--Please replace the release dated April 11, 2023, with the following corrected version due to changes in the table, "Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023".

CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update

First Trust Mortgage Income Fund

FS Credit Opportunities Corp

First Trust High Yld Oprtnts 2027 Tr Fn

Invesco High Income 2024 Target Term Fund 

Nuveen Mortgage Opportunity Term Fund

MainStay MacKay DefinedTerm Municipal Opportunities Fund

Nuveen Municipal High Income Opportunity Fund

PIMCO Dynamic Income Fund

The January Effect boosted the valuation of most areas of the closed-end fund market. Taxable bond CEFs have rallied strongly while leaving munis behind. We think this is an opportunity for investors for 2023, as credit spreads are likely to widen, dragging down taxable bond NAVs. We favor munis and high-quality taxables.

CEF Report February 2023 | The January Effect Didn't Disappoint

Ares Dynamic Credit Allocation Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

Angel Oak Financial Strategies Income Term Trust

Federated Premier Municipal Income Fund

Nuveen Intermediate Duration Municipal Term Fund

Nuveen Intermediate Duration Quality Municipal Term Fund

Invesco Municipal Income Opportunities Trust

Pimco Municipal Income Fund

Pimco Municipal Income Fund III

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Western Asset Diversified Income Fund

Western Asset Premier Bond Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Risk assets continue to rebound with investors focusing on the potential of a Fed pivot given slower growth and inflation. We think we will shift from a stagflationary economic regime to a deflationary bust one. That means adding duration and quality.

CEF Report August 2022 - CEFs Continue In Rally Mode, But For How Long?

Eagle Point Income Company Inc

Invesco High Income 2023 Target Term Fund

Virtus AllianzGI Convertible & Income Fund II

Neuberger Berman High Yield Strategies Fund Inc

Putnam Master Intermediate Income Trust

Invesco Bond Fund

Vertical Capital Income Fund.

CEF NAVs took a big hit in June and continue to show downward trends as they have for most of this year. That trend is driven by wider spreads. Discounts have tightened a bit in recent weeks and are basically saying that a recession is not imminent. If a recession comes, much wider discounts are likely.

CEF Report July 2022: Not Safe To Tread In Taxables Just Yet

BlackRock MuniYield Quality Fund Inc

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today a change to the fiscal year end (“FYE”) for each Fund listed below. These changes were made to reduce operating costs for the Funds and will be effective as of July 31, 2022. Ticker (NYSE) Fund Current FYE New FYE BKN BlackRock Investment Quality Municipal Trust, Inc. 4/30 7/31 BTA BlackRock Long-Term Municipal Advantage Trust 4/30 7/31 MUA BlackRock MuniAssets Fund, Inc. 4/30 7/31 MUI BlackRock Municipal Income Fu

BlackRock Announces Fiscal Year End Changes for Certain Municipal Closed-End Funds

MFS High Yield Municipal Trust

MFS Investment Grade Municipal Trust

Nuveen AMT-Free Quality Municipal Income Fund

Nuveen Municipal Credit Opportunities Fund

We take a look at the Municipal CEF sector which has held up very well despite a rise in Treasury yields. Fundamentals remain in good shape with the fiscal stimulus feeding through and the potential infrastructure tailwind in the pipeline.

Municipal CEF Market Update

Blackstone/GSO Senior Floating Rate Term Fund

DoubleLine Income Solutions Fund

Nuveen Preferred & Income Opportunities Fund

Virtus AllianzGI Convertible & Income Fund

The CEF market has put in very strong returns in the few months since our last update. We discuss some of the key themes driving the CEF market in the medium term.

Key Themes Of The CEF Market

iShares CMBS ETF

We look at some broad CEF trends that have developed over the past year, such as performance relative to ETFs, as well as discount weakness. In our Income Portfolios, we continue to approach CEF allocation with a margin-of-safety perspective, while also diversifying into senior securities.

State Of The CEF Market Update

Pimco Global Stockplus & Income Fund

Opportunities In Shadow High-Yielding Muni CEFs

News for BlackRock MuniVest Fund Inc ETF (MVF)