BlackRock MuniAssets Fund issues 16,784,940 shares in oversubscribed rights offering at $9.91 each
Reuters2026/08/21 00:15- BlackRock MuniAssets Fund completed an over-subscribed transferable rights offering that expired on Aug. 20, 2026.
- Offer triggered issuance of about 16,784,940 common shares at a final subscription price of $9.91 per share.
- Gross proceeds expected at about $166 million, with expenses covered by the investment adviser.
- Over-subscription privilege will be exercised, with pro-rata allocation among eligible record-date holders who fully exercised their rights.
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