Form 4: BlackRock MuniVest Fund II Completes Reorganization
Director Ownership Change
Director Michael Kalinoski exchanged shares of BlackRock MuniVest Fund II for shares of BlackRock MuniYield Quality Fund III following a fund reorganization.
Summary
- BlackRock MuniVest Fund II, Inc. (the "Target Fund") was reorganized into BlackRock MuniYield Quality Fund III, Inc. (the "Acquiring Fund") effective February 23, 2026.
- Common shareholders of the Target Fund received common shares of the Acquiring Fund with a value equal to the aggregate Net Asset Value (NAV) of the surrendered Target Fund shares, less reorganization costs.
- As of February 20, 2026, the Target Fund's NAV per share was $11.7926, and the Acquiring Fund's NAV per share was $12.0089.
- The conversion ratio for the Target Fund's common shares was 0.98198836.
- Director Michael Kalinoski exchanged 3,141.7166 common shares of the Target Fund for 3,085 common shares of the Acquiring Fund, plus cash for any fractional shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, factual report of a corporate reorganization and a director's resulting change in beneficial ownership, with no inherent positive or negative implications from the filing itself.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that fund reorganizations, particularly among closed-end funds managed by the same asset manager like BlackRock, are common strategies to optimize fund structures, achieve economies of scale, or consolidate similar investment mandates. This specific reorganization involves two municipal bond funds, a sector often subject to such strategic alignments.
Stakeholder Impact
- Shareholders of BlackRock MuniVest Fund II, Inc. received shares in BlackRock MuniYield Quality Fund III, Inc. as a result of the reorganization.
Key Dates
| Date | Description |
|---|---|
| 02/20/2026 | Net Asset Value (NAV) of Target Fund and Acquiring Fund determined for reorganization. |
| 02/23/2026 | Effective date of the reorganization of BlackRock MuniVest Fund II into BlackRock MuniYield Quality Fund III. |
| 02/25/2026 | Date the Statement of Changes in Beneficial Ownership (Form 4) was signed and filed. |
Keywords
BlackRock, MuniVest Fund II, MuniYield Quality Fund III, Fund Reorganization, SEC Form 4, Director Ownership, Michael Kalinoski, Closed-End Fund, Municipal Bonds
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.