# BLACKROCK MUNIASSETS FUND, INC. (MUA) — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_f3f1253fffed2534c9d2 · retrieved 2026-08-11T15:52:20.750Z

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

BlackRock Advisors, LLC announced the completion of three municipal closed-end fund reorganizations effective February 20, 2026. BlackRock Long-Term Municipal Advantage Trust (BTA) merged into BlackRock MuniAssets Fund, Inc. (MUA); BlackRock MuniVest Fund, Inc. (MVF) and BlackRock MuniVest Fund II, Inc. (MVT) merged 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) merged into BlackRock MuniYield Quality Fund, Inc. (MQY). Common shareholders of each acquired fund received survivor fund shares equal to the aggregate NAV of their holdings as of 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. 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
- Counterparty: BlackRock Long-Term Municipal Advantage Trust (BTA); BlackRock MuniVest Fund, Inc. (MVF); BlackRock MuniVest Fund II, Inc. (MVT); BlackRock MuniYield Fund, Inc. (MYD); BlackRock MuniYield Quality Fund II, Inc. (MQT); BlackRock Investment Quality Municipal Trust, Inc. (BKN) · Consideration: stock

## Key dates
- Announced 2026-02-23

## Timeline
- 2026-02-23 · 425 (0001193125-26-064401): 425 - BLACKROCK MUNIASSETS FUND, INC. — *BlackRock MuniAssets Fund, Inc. is a closed-end municipal bond fund that invests in municipal securities.* BlackRock Advisors, LLC announced the completion of three municipal closed-end fund reorganizations effective February 20, 2026. BlackRock Long-Term Municipal Advantage Trust (BTA) merged into BlackRock MuniAssets Fund, Inc. (MUA); BlackRock MuniVest Fund, Inc. (MVF) and BlackRock MuniVest Fund II, Inc. (MVT) merged 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) merged into BlackRock MuniYield Quality Fund, Inc. (MQY). Common shareholders of each acquired fund received survivor fund shares equal to the aggregate NAV of their holdings as of 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. 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/901243/0001193125-26-064401.txt

## Citations
- 0001193125-26-064401 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526064401