BlackRock Announces Board Approvals Seeking to Deliver Significant Scale Benefits to Municipal CEF Shareholders

BlackRock Advisors, LLC announced today that each of the Boards of Directors/Trustees of each of the closed-end funds named below (each, a “Fund” and collectively, the “Funds”) has approved the following reorganizations and mergers (each, a “Reorganization” and collectively, the “Reorganizations”), as applicable:

These include a number of previously approved reorganizations: 1-21-2025 Press Release.

• Reorganization of BlackRock Long-Term Municipal Advantage Trust (BTA) with and into BlackRock MuniAssets Fund, Inc. (MUA)¹
• Reorganization of BlackRock California Municipal Income Trust (BFZ) with and into BlackRock MuniHoldings California Quality Fund, Inc. (MUC)
• Reorganizations of BlackRock New York Municipal Income Trust (BNY) and BlackRock MuniHoldings New York Quality Fund, Inc (MHN) with and into BlackRock MuniYield New York Quality Fund, Inc (MYN)
• Reorganizations of BlackRock MuniYield Fund, Inc. (MYD), BlackRock MuniYield Quality Fund II, Inc. (MQT), BlackRock Investment Quality Municipal Trust, Inc. (BKN), BlackRock Virginia Municipal Bond Trust (BHV) and BlackRock MuniYield Pennsylvania Quality Fund (MPA) with and into BlackRock MuniYield Quality Fund, Inc. (MQY)²
• Reorganizations of BlackRock MuniHoldings Quality Fund II, Inc. (MUE), BlackRock Municipal Income Trust (BFK), BlackRock Municipal Income Quality Trust (BYM) and BlackRock Municipal Income Trust II (BLE) with and into BlackRock MuniHoldings Fund, Inc. (MHD) ³
• Reorganizations of BlackRock MuniVest Fund, Inc. (MVF), BlackRock MuniVest Fund II, Inc. (MVT) and BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) with and into BlackRock MuniYield Quality Fund III, Inc. (MYI)

The shareholder meeting date is October 15, 2025. The completion of the Reorganizations is subject to the requisite approvals by each Fund’s respective common and preferred shareholders and the satisfaction of customary closing conditions.

Sixteen Muni CEFs will be reorganized into six acquiring funds:

BlackRock Municipal Merger Summary
Acquiring Funds	Target Funds
MUA1	BTA
MUC	BFZ