BlackRock MuniVest Fund Announces Final Results of Oversubscribed Tender Offer, Purchasing 1.433 Billion Shares

BlackRock MuniVest Fund announced the final results of its tender offer, which expired on August 15, 2025. The tender offer was oversubscribed, and the fund will purchase shares from all tendering shareholders on a pro rata basis. The final results show that 19,520,275 shares were tendered, with 1,433,392 shares to be purchased at a purchase price of $6.9482, which is 98% of the fund's net asset value per share as of August 18, 2025. Payments for the accepted shares are expected to be made within five business days after the expiration date.

BlackRock MuniVest Fund, Inc. (MVF) has announced the final results of its tender offer, which expired on August 15, 2025. The tender offer, aimed at purchasing up to 2.5% of its outstanding common shares, was oversubscribed, indicating strong investor interest. According to the fund, 19,520,275 shares were tendered, with 1,433,392 shares set to be purchased at a price of $6.9482 per share [1].

The purchase price is 98% of the fund's net asset value per share as of August 18, 2025, the business day following the expiration of the tender offer. Payments for the accepted shares are expected to be made within approximately five business days after the expiration date. Shareholders who tendered shares will receive their payments based on a pro-rata basis, after disregarding fractions, according to the number of shares properly tendered [1].

Investors interested in more information about the tender offer can contact Georgeson LLC, the information agent for the tender offer, toll-free at the number disclosed in the Fund’s Offer to Purchase. The offer to purchase the Fund’s common shares was made only pursuant to an offer to purchase, a related letter of transmittal, and other documents filed with the U.S. Securities and Exchange Commission (SEC) [1].

For additional information on BlackRock MuniVest Fund, including monthly updates on performance and other data, investors can visit the fund's section on BlackRock's website. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate BlackRock’s website in this release [1].

Forward-looking statements made by the fund and BlackRock are subject to numerous assumptions, risks, and uncertainties, which change over time. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance [1].

References:
[1] https://www.businesswire.com/news/home/20250818885805/en/BlackRock-MuniVest-Fund-Inc.-MVF-Announces-Final-Results-of-Tender-Offer