Blackrock Long-term Municipal Advantage Trust
Market Movers (8-K)
BlackRock Long-Term Municipal Advantage Trust and Saba Capital Management have agreed to a standstill agreement, limiting Saba's actions and requiring them to vote in line with the Board's recommendations until the 2027 annual meeting or August 31, 2027.
Insider Trading (Form 4)
Director Robert Glenn Hubbard exchanged shares of BlackRock Long-Term Municipal Advantage Trust for shares in BlackRock MuniAssets Fund, Inc. due to a fund reorganization.
A BlackRock Long-Term Municipal Advantage Trust director reported the exchange of shares following the fund's reorganization into BlackRock MuniAssets Fund, Inc.
W. Carl Kester, a director of BlackRock Long-Term Municipal Advantage Trust, reported the disposition of shares due to the fund's reorganization into BlackRock MuniAssets Fund, Inc.
Director Stayce D. Harris exchanged shares of BlackRock Long-Term Municipal Advantage Trust for shares in BlackRock MuniAssets Fund, Inc. due to a reorganization.
BlackRock announced the completion of several municipal closed-end fund reorganizations and the adoption of Discount Management Programs for the survivor funds.
BlackRock Long-Term Municipal Advantage Trust's Portfolio Manager, Phillip Soccio, sold 49.6147 shares of common stock following the vesting of phantom shares.
Proxy Statements (Def-14A)
BlackRock Long-Term Municipal Advantage Trust shareholders are urged to vote on a proposed fund combination, with the special meeting adjourned to November 20, 2025, promising potential benefits like increased after-tax yield and reduced expenses.
Delay expected
Better than expected
BlackRock Long-Term Municipal Advantage Trust and BlackRock MuniAssets Fund, Inc. issued an amendment clarifying the voting requirement for a proposed share issuance related to a reorganization.
Capital raise
BlackRock Long-Term Municipal Advantage Trust is requesting shareholders contact its solicitor, Georgeson LLC, regarding an important matter by October 15, 2025.
BlackRock's municipal closed-end funds seek shareholder approval to combine, aiming for lower expenses and enhanced trading.
Better than expected
BlackRock Long-Term Municipal Advantage Trust and BlackRock MuniAssets Fund, Inc. propose a merger to create a larger, more efficient municipal bond fund.
Capital raise
Better than expected
DEF 14A: BlackRock Closed-End Funds to Hold Joint Annual Meeting on July 11, 2025, to Elect Board Members
BlackRock Closed-End Funds will hold a virtual joint annual meeting on July 11, 2025, to seek shareholder approval for the election of Board Nominees.
Schedule 13G - Passive Investments
Sit Investment Associates and its subsidiary have reported a 5.5% beneficial ownership stake in BlackRock Long-Term Municipal Advantage Trust.