Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) is providing additional information related to the Fund’s upcoming conversion from an exchange-listed closed-end fund to an unlisted continuously-offered closed-end fund that conducts quarterly repurchases of its shares (the “Conversion”) and will operate under the name BlackRock Municipal Credit Alpha Portfolio, Inc. (the “Interval Fund”). It is currently anticipated that the Conversion will take place after the close of business on March 21, 2025, and be effective on March 24, 2025 (the “Conversion Date”).

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”).

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”).

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”).

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurchase Programs”). Under each Fund’s current Repurchase Program, each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2022) in open market transactions. Pursuant to the Boards’ renewal of the Repurchase Programs, commencing on December 1, 2023, each Fund may repurchase up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2023) in open market transactions through November 30, 2024. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value (“NAV”) per share, which could result in incremental accretion to a Fund’s NAV. The Boards have authorized the renewal of a Repurchase Program for the following Funds:

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

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”).

BlackRock Advisors, LLC today announced BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”, CUSIP: 09253X102) intends to redeem all of its outstanding Series W-7 Variable Rate Demand Preferred Shares on September 27, 2024, at a redemption price equal to the liquidation preference of $100,000 per share, together with accumulated and unpaid dividends through the day prior to the redemption date.

BlackRock Advisors, LLC today announced BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) intends to redeem 3,763 Series W-7 Variable Rate Demand Preferred Shares on August 7, 2024, at a redemption price equal to the liquidation preference of $100,000 per share, together with accumulated and unpaid dividends through the day prior to the redemption date.

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 shareholder approval for the Conversion and other conditions, conduct a tender offer to repurchase 50% of the Fund’s outstanding common shares at a price per share equal to 98% of the Fund’s net asset value per common share determined following the expiration of the tender offer (the “Tender Offer”).

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

The BlackRock closed-end funds (each a “Fund,” and collectively the “Funds”) listed below announced today the implementation of voluntary management fee waivers, effective May 1, 2024. Under the terms of this initiative, BlackRock Advisors, LLC (“BlackRock”) intends to waive management fees if certain conditions, detailed below, are met. In addition, BlackRock will be waiving an additional one-time $2 million in management/advisory fees pro-rata across the Funds.

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 a tender offer to repurchase 50% of the Fund’s outstanding common shares at a price per share equal to 98% of the Fund’s net asset value per common share determined following the expiration of the tender offer (the “Tender Offer”). The Tender Offer is contingent on obtaining all approvals for the conversion of the Fund from an exchange-listed closed-end fund to an unlisted closed-end fund that conducts periodic repurchases of it shares pursuant to Rule 23c-3 under the Investment Company Act of 1940 (the “Conversion”) by December 31, 2024.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

BlackRock Advisors, LLC (“BlackRock”) released today share repurchase activity for certain BlackRock-advised closed-end funds (the “Funds”) during the quarter ended December 31, 2023. The Funds have authorized open market share repurchase programs (the “Repurchase Programs”) pursuant to which each Fund may repurchase, through November 30, 2024, up to 5% of its outstanding common shares in open market transactions. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value (“NAV”) per share, which could result in incremental accretion to a Fund’s NAV.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Today, the Board of Directors/Trustees of the BlackRock municipal closed-end funds listed below (the “Funds”) announced distributions, which reflect distribution increases for several Funds. The distribution increases ranged between 29% and 64%. In addition, the Funds declared their December, January, and February monthly distributions early.