BlackRock Advisors, LLC has announced that the BlackRock Municipal Income Fund, Inc. (NYSE: MUI), hereafter referred to as “the Fund,” will redeem all of its outstanding Series W-7 Variable Rate Demand Preferred Shares on September 27, 2024. The redemption price will be set at $100,000 per share, which reflects the liquidation preference. Shareholders will also receive accumulated and unpaid dividends up to the day before the redemption date.
About BlackRock
Company Mission
BlackRock’s mission is to enhance financial well-being for more individuals. As a fiduciary to investors and a leader in financial technology, BlackRock is committed to simplifying investment processes and making investing more accessible and affordable. Their goal is to help millions build savings that last a lifetime.
Fund Updates and Information
Monthly Performance Updates
BlackRock will provide monthly updates on the Fund’s performance and other relevant data on their website.It is advised that investors regularly check the website for the latest performance data and any other material information regarding the Fund. This reference to the website is for informational purposes only and does not imply incorporation of the site’s contents into this announcement.
Caution on Forward-Looking Statements
Risk and Uncertainty
BlackRock warns that forward-looking statements are based on numerous assumptions and are subject to various risks and uncertainties that can change over time. These statements reflect the conditions as of the date they are made, and BlackRock does not assume any obligation to update them. Actual outcomes may differ significantly from those anticipated due to a range of factors.
Factors Influencing the Fund
Several factors could cause actual events to deviate from forward-looking statements or past performance, including:
Economic and Political Conditions: Changes in political, economic, or industry conditions, including fluctuations in interest rates and foreign exchange rates, could affect the Fund’s demand and net asset value.
Investment Performance: Variations in the Fund’s and its investments’ performance may impact results.
Competition: Increased competition could affect the Fund’s performance.
Legal Risks: Unfavorable legal proceedings may have adverse effects.
Distributions and Repurchases: Timing and extent of distributions or share repurchases could influence outcomes.
Technological Changes: The impact of technological advancements or changes.
Regulatory Actions: Legislative and regulatory changes or government actions related to the Fund or BlackRock.
Global Events: Terrorist activities, international conflicts, health crises, and natural disasters may impact economic conditions and markets.
Talent Acquisition: BlackRock’s ability to attract and retain skilled professionals.
Support to Products: The effects of BlackRock’s decisions to support its products.
Financial Institution Issues: Problems or negative performance at other financial institutions.
These factors illustrate the complexities and risks involved in financial markets and investment strategies.
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