BlackRock Municipal Income FundMUI
MUI
About: BlackRock Municipal Income Fund Inc is a diversified investment fund with an investment objective is to provide common shareholders with high current income exempt from U.S. federal income taxes. The company invests in Transportation, Corporate, County/City/Special District/School District, Health, Utilities, Education, Housing, and other sectors.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 3 (+2) [Q3]
36% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 28
7% less capital invested
Capital invested by funds: $504M [Q2] → $469M (-$34.3M) [Q3]
8.11% less ownership
Funds ownership: 106.59% [Q2] → 98.48% (-8.11%) [Q3]
12% less funds holding
Funds holding: 128 [Q2] → 113 (-15) [Q3]
54% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 28
Research analyst outlook
We haven’t received any recent analyst ratings for MUI.
Financial journalist opinion
Neutral
Seeking Alpha
3 weeks ago
CEF Weekly Review: Emerging Market Debt Remains A Tricky Income Holding
We review the CEF market valuation and performance through the third week of November and highlight recent market action. CEFs had a positive week, with most sectors gaining except for higher-quality sectors like Munis and Agencies. MLPs led month-to-date returns with double-digit gains. The Western Asset Emerging Market Debt Fund raised its distribution by 4%, but its 70% coverage ratio makes it less appealing.
Neutral
Business Wire
1 month ago
BlackRock Municipal Income Fund, Inc. (MUI) Announces Final Results of Tender Offer
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Advisors, LLC (“BlackRock”) announced today the final results of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) tender offer (a “Tender Offer”) for up to 50% of its outstanding common shares (the “Shares”). The Tender Offers, which expired at 5:00 p.m. Eastern time on November 15, 2024, was oversubscribed. Therefore, in accordance with the terms and conditions of the Tender Offer, the Fund will purchase Shares from all tendering shareholders o.
Neutral
Business Wire
1 month ago
BlackRock Municipal Income Fund, Inc. (MUI) Expiration and Preliminary Results of Tender Offer
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Advisors, LLC (“BlackRock”) announced today the expiration and preliminary results of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) tender offer (a “Tender Offer”) for up to 50% of its outstanding common shares (the “Shares”). The Tender Offer commenced on October 15, 2024 and expired at 5:00 p.m. Eastern time on November 15, 2024. Based on preliminary information, the number of Shares properly tendered for the Fund and not withdrawn is noted.
Neutral
Business Wire
2 months ago
BlackRock Municipal Income Fund, Inc. (MUI) Announces Tender Offer in Conjunction with Conversion to an Unlisted Closed-End Interval Fund Structure
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Advisors, LLC (“BlackRock”) announced today that on October 15, 2024, BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) will commence a tender offer to purchase up to 50% of the Fund's outstanding common shares at a price per share equal to 98% of the Fund's net asset value (“NAV”) per common share, as described in further detail below (the “Tender Offer”). The Tender Offer will expire on November 15, 2024 at 5:00 p.m. Eastern Time, unless otherw.
Neutral
Business Wire
2 months ago
BlackRock Announces Results of Shareholder Vote at Special Meeting Relating to BlackRock Municipal Income Fund, Inc. (MUI) Conversion to Unlisted Closed-End Interval Fund Structure
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Advisors, LLC announced today that, at a special meeting of shareholders of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”), shareholders approved the proposals necessary for the conversion of the Fund from an exchange-listed, closed-end fund to an unlisted closed-end fund that conducts periodic repurchases of its shares pursuant to Rule 23c-3 under the Investment Company Act of 1940 (the “Conversion”). The Conversion is currently expected to o.
Neutral
Business Wire
5 months ago
U.S. Court of Appeals for the Second Circuit Reaffirms Ruling That Certain Closed-End Funds, Including Funds Advised by BlackRock, Violated the Investment Company Act of 1940
NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today commented on the outcome of the appeal brought in the United States Court of Appeals for the Second Circuit (the “Appellate Court”) by the BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Municipal Income Fund (NYSE: MUI), Royce Global Value Trust (NYSE: RGT), Tortoise Midstream Energy Fund (NYSE: NTG), Tortoise Energy Independence Fund (NYSE: NDP), Tortois.
Neutral
Business Wire
6 months ago
Board of BlackRock Municipal Income Fund, Inc. (MUI) Approves Conversion to Unlisted Closed-End Interval Fund Structure
NEW YORK--(BUSINESS WIRE)---- $MUI--BlackRock Advisors, LLC (“BlackRock”) announced today that the Board of Directors (the “Board”) of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) has approved the conversion of the Fund from an exchange-listed, closed-end fund to an unlisted closed-end fund that conducts periodic repurchases of its shares pursuant to Rule 23c-3 under the Investment Company Act of 1940 (the “Conversion”). As previously announced, the Fund will, subject to receiving share.
Neutral
Business Wire
6 months ago
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
NEW YORK--(BUSINESS WIRE)---- $BBN--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Certain BlackRock Funds previously declared their June distributions on May 20, 2024 BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Science and Technology Term Trust (NYSE: BSTZ), and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) previous.
Negative
Seeking Alpha
7 months ago
CEF Weekly Review: Are Discounts Good Or Bad?
We review CEF market valuation and performance through the second week of May and highlight recent market action. CEFs had a strong week, with all sector NAVs moving higher, particularly MLPs and Utilities. CEF activists criticize wide discounts, but discounts can also provide implicit leverage and offset management fees.
Positive
Forbes
7 months ago
This 5.5% Dividend Just Exploded, Walloped Stocks
Every now and then in income investing, we get a sweet setup where a “boring” high yielder absolutely soars—practically overnight.
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