Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for BlackRock Municipal Income Fund Inc. > News item |
BlackRock Municipal Income Fund to redeem preferreds on April 7
By Rebecca Melvin
Concord, N.H., March 8 – BlackRock Municipal Income Fund Inc. announced it will redeem $287.1 million outstanding of series W-7 variable rate muni term referred shares, with a liquidation preference of $100,000 per share (Cusip: 09253X888), according to a filing with the Securities and Exchange Commission.
The fund plans to redeem all of the outstanding shares, or 2,871 shares, at par plus accrued interest through the redemption date on April 7.
The Bank of New York Mellon is redemption and paying agent for the shares.
The closed end management investment company is based in Wilmington, Del.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.