BlackRock MuniAssets Fund issues 16,784,940 shares in oversubscribed rights offering at $9.91 each
MUA•Proceeds and allocation
Gross proceeds are expected at about $166 million, with expenses covered by the investment adviser.
The over-subscription privilege will be exercised, with pro-rata allocation among eligible record-date holders who fully exercised their rights.
Rights offering completed
BlackRock MuniAssets Fund completed an oversubscribed transferable rights offering that expired on Aug. 20, 2026.
Shares issued and pricing
The offer triggered issuance of about 16,784,940 common shares at a final subscription price of $9.91 per share.
