# BLACKROCK MUNIVEST FUND, INC. — merger/definitive [completed]
Source: SEC API (secapi.ai) · situation sit_7d3ae7e02f13e616e6cc · retrieved 2026-08-11T15:51:36.729Z

## Overview
BlackRock MuniVest Fund, Inc. is a closed-end municipal bond fund that invests in municipal securities.

BlackRock Advisors, LLC announced the completion of reorganizations of six municipal closed-end funds into three survivor funds: BlackRock Long-Term Municipal Advantage Trust (BTA) reorganized into BlackRock MuniAssets Fund, Inc. (MUA); BlackRock MuniVest Fund, Inc. (MVF) and BlackRock MuniVest Fund II, Inc. (MVT) reorganized into BlackRock MuniYield Quality Fund III, Inc. (MYI); and BlackRock MuniYield Fund, Inc. (MYD), BlackRock MuniYield Quality Fund II, Inc. (MQT), and BlackRock Investment Quality Municipal Trust, Inc. (BKN) reorganized into BlackRock MuniYield Quality Fund, Inc. (MQY). Common shareholders of each acquired fund received shares of the respective survivor fund equal to the aggregate net asset value of their holdings as determined at the close of business on February 20, 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.

## Terms
- Counterparty: BlackRock MuniYield Quality Fund III, Inc. (and other survivor funds) · Consideration: stock

## Key dates
- Announced 2026-02-23 · Completed 2026-02-23

## Timeline
- 2026-02-23 · 425 (0001193125-26-064393): 425 - BLACKROCK MUNIVEST FUND, INC. — *BlackRock MuniVest Fund, Inc. is a closed-end municipal bond fund that invests in municipal securities.* BlackRock Advisors, LLC announced the completion of reorganizations of six municipal closed-end funds into three survivor funds: BlackRock Long-Term Municipal Advantage Trust (BTA) reorganized into BlackRock MuniAssets Fund, Inc. (MUA); BlackRock MuniVest Fund, Inc. (MVF) and BlackRock MuniVest Fund II, Inc. (MVT) reorganized into BlackRock MuniYield Quality Fund III, Inc. (MYI); and BlackRock MuniYield Fund, Inc. (MYD), BlackRock MuniYield Quality Fund II, Inc. (MQT), and BlackRock Investment Quality Municipal Trust, Inc. (BKN) reorganized into BlackRock MuniYield Quality Fund, Inc. (MQY). Common shareholders of each acquired fund received shares of the respective survivor fund equal to the aggregate net asset value of their holdings as determined at the close of business on February 20, 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.
  https://www.sec.gov/Archives/edgar/data/835948/0001193125-26-064393.txt
- 2026-02-23 · 25-NSE (0000876661-26-000156): 25-NSE
  https://www.sec.gov/Archives/edgar/data/835948/000087666126000156/xslF25X02/primary_doc.xml

## Citations
- 0001193125-26-064393 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526064393
- 0000876661-26-000156 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000087666126000156