BlackRock MuniAssets Fund issues 16,784,940 shares in oversubscribed rights offering at $9.91 each

Reuters2026/08/21 00:15

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BlackRock MuniAssets Fund completed an over-subscribed transferable rights offering that expired on Aug. 20, 2026.
Offer triggered issuance of about 16,784,940 common shares at a final subscription price of $9.91 per share.
Gross proceeds expected at about $166 million, with expenses covered by the investment adviser.
Over-subscription privilege will be exercised, with pro-rata allocation among eligible record-date holders who fully exercised their rights.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BlackRock MuniAssets Fund Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260820532477) on August 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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BlackRock MuniAssets Fund issues 16,784,940 shares in oversubscribed rights offering at $9.91 each

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