# BLACKROCK MUNICIPAL INCOME TRUST — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_520694788890fdd0d91a · retrieved 2026-08-11T16:11:04.739Z

## Overview
BlackRock Advisors, LLC manages closed-end municipal funds that invest in municipal securities.

BlackRock announced the completion of reorganizations of seven municipal closed-end funds into three survivor funds: BlackRock California Municipal Income Trust (BFZ) merged into BlackRock MuniHoldings California Quality Fund, Inc. (MUC); BlackRock New York Municipal Income Trust (BNY) and BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) merged into BlackRock MuniYield New York Quality Fund, Inc. (MYN); and BlackRock MuniHoldings Quality Fund II, Inc. (MUE), BlackRock Municipal Income Trust (BFK), BlackRock Municipal Income Quality Trust (BYM), and BlackRock Municipal Income Trust II (BLE) merged into BlackRock MuniHoldings Fund, Inc. (MHD). Common shareholders of each acquired fund received survivor fund shares equal to the aggregate NAV of their holdings as determined at the close of business on February 6, 2026, with fractional shares paid in cash. Preferred shareholders received survivor fund preferred shares on a one-for-one basis equal to their liquidation preference. The reorganizations are expected to be non-taxable events. Each survivor fund adopted a Discount Management Program for 2026 that will trigger a tender offer to repurchase a minimum of 5% of outstanding common shares at 98% of NAV if the fund's shares trade at an average daily discount to NAV greater than 10.00% during the January 1 – September 30, 2026 measurement period.

## Terms
- Consideration: stock

## Key dates
- Announced 2026-02-10 · Record 2026-02-06 · Expiry 2026-09-30

## Timeline
- 2026-02-10 · 425 (0001193125-26-043126): 425 - BLACKROCK MUNICIPAL INCOME TRUST — *BlackRock Advisors, LLC manages closed-end municipal funds that invest in municipal securities.* BlackRock announced the completion of reorganizations of seven municipal closed-end funds into three survivor funds: BlackRock California Municipal Income Trust (BFZ) merged into BlackRock MuniHoldings California Quality Fund, Inc. (MUC); BlackRock New York Municipal Income Trust (BNY) and BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) merged into BlackRock MuniYield New York Quality Fund, Inc. (MYN); and BlackRock MuniHoldings Quality Fund II, Inc. (MUE), BlackRock Municipal Income Trust (BFK), BlackRock Municipal Income Quality Trust (BYM), and BlackRock Municipal Income Trust II (BLE) merged into BlackRock MuniHoldings Fund, Inc. (MHD). Common shareholders of each acquired fund received survivor fund shares equal to the aggregate NAV of their holdings as determined at the close of business on February 6, 2026, with fractional shares paid in cash. Preferred shareholders received survivor fund preferred shares on a one-for-one basis equal to their liquidation preference. The reorganizations are expected to be non-taxable events. Each survivor fund adopted a Discount Management Program for 2026 that will trigger a tender offer to repurchase a minimum of 5% of outstanding common shares at 98% of NAV if the fund's shares trade at an average daily discount to NAV greater than 10.00% during the January 1 – September 30, 2026 measurement period.
  https://www.sec.gov/Archives/edgar/data/1137393/0001193125-26-043126.txt

## Citations
- 0001193125-26-043126 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526043126