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

By: BlackRock Closed-End Funds via Business Wire

November 02, 2023 at 17:15 PM EDT

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. For more details on each Fund and its VMTP Shares see below:

Fund Name	Ticker	VMTP Details	VMTP CUSIP	VMTP Shares to be Redeemed
BlackRock Municipal Income Trust	BFK	Series W-7 Variable Rate Muni Term Preferred Shares	09248F703	1,167
BlackRock Investment Quality Municipal Trust, Inc.	BKN	Series W-7 Variable Rate Muni Term Preferred Shares	09247D501	581
BlackRock Municipal Income Trust II	BLE	Series W-7 Variable Rate Muni Term Preferred Shares	09249N606	1,286
BlackRock Municipal Income Quality Trust	BYM	Series W-7 Variable Rate Muni Term Preferred Shares	092479500	396
BlackRock MuniHoldings Fund, Inc.	MHD	Series W-7 Variable Rate Muni Term Preferred Shares	09253N500	1,338
BlackRock MuniYield Quality Fund II, Inc.	MQT	Series W-7 Variable Rate Muni Term Preferred Shares	09254G603	379
BlackRock MuniHoldings Quality Fund II, Inc.	MUE	Series W-7 Variable Rate Muni Term Preferred Shares	09254C503	530
BlackRock MuniVest Fund, Inc.	MVF	Series W-7 Variable Rate Muni Term Preferred Shares	09253R808	902
BlackRock MuniVest Fund II, Inc.	MVT	Series W-7 Variable Rate Muni Term Preferred Shares	09253T606	623

This press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities.

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