Blackrock Munivest Fund, INC
Market Movers (8-K)
BlackRock MuniVest Fund and Saba Capital Management have entered into a standstill agreement, limiting Saba's actions and requiring them to vote in line with the Fund's board recommendations until 2027.
Insider Trading (Form 4)
JPMorgan Chase & Co. and its subsidiary DNT Asset Trust reported the sale of 1,536 Series W-7 Variable Rate Muni Term Preferred Shares of BlackRock MuniVest Fund, Inc. for over $153 million.
Phillip Soccio's phantom shares in BlackRock MuniVest Fund, Inc. were reallocated and converted following the fund's reorganization into BlackRock MuniYield Quality Fund III, Inc.
A BlackRock MuniVest Fund director reported the disposition of shares following the fund's reorganization into BlackRock MuniYield Quality Fund III.
BlackRock announced the completion of several municipal closed-end fund reorganizations and the adoption of Discount Management Programs for the survivor funds.
A BlackRock MuniVest Fund portfolio manager reported the sale of common stock following the vesting of phantom shares.
Phillip Soccio, a Portfolio Manager at BlackRock MuniVest Fund, amended a Form 4 filing to correct his post-transaction beneficial ownership of common stock.
Proxy Statements (Def-14A)
BlackRock MuniVest and MuniYield funds update proxy statement regarding shareholder voting requirements for proposed common share issuances.
BlackRock Munivest Fund, Inc. is urging shareholders to contact its solicitor, Georgeson LLC, regarding an important investment matter before October 15, 2025.
BlackRock MuniVest Fund, Inc. is soliciting shareholder votes to approve the combination of several municipal closed-end funds to achieve lower expenses and enhanced trading.
Better than expected
BlackRock's MuniVest Fund II, MuniYield Michigan Quality Fund, and MuniVest Fund propose to merge into MuniYield Quality Fund III to achieve economies of scale and operational efficiencies.
Capital raise
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.
BlackRock Closed-End Funds will hold a virtual joint annual meeting of shareholders on July 26, 2024, to vote on the election of Board Nominees.
Schedule 13D - Activist Investments
SCHEDULE 13D/A: JPMorgan & DNT Trust Divest BlackRock MuniVest Shares
JPMorgan Chase & Co. and DNT Asset Trust have fully divested their Variable Rate Muni Term Preferred Shares in BlackRock Munivest Fund, Inc. through an open market transaction.
Schedule 13G - Passive Investments
Karpus Management, Inc. has filed an amended Schedule 13G, reporting a passive beneficial ownership of 0.01% in BlackRock MuniVest Fund, Inc.
Karpus Management, Inc. has reported an increased beneficial ownership of 15.83% in BlackRock MuniVest Fund, Inc. common stock.
RiverNorth Capital Management, LLC has filed an amended Schedule 13G, disclosing a 5.42% beneficial ownership stake in BlackRock MuniVest Fund, Inc. as of March 31, 2025.
Karpus Management, Inc. has filed an amended Schedule 13G, revealing a beneficial ownership of 17.57% of the common shares of BlackRock MuniVest Fund, Inc. as of March 31, 2025.