BlackRock MuniAssets Fund, Inc. (MUA) Announces Results of its Over-Subscribed Rights Offering
BlackRock MuniAssets Fund, Inc. (NYSE: MUA) (the "Fund") today announced the successful completion of its over-subscribed transferable rights offer (the “Offer”) which expired on August 20, 2026 (the “Expiration Date”). The Offer entitled rights holders to subscribe for up to an aggregate of 16,784,940 shares of the Fund’s common stock, par value of $0.1 per share (each, a “Common Share”). The final subscription price of $9.91 per Common Share was determined based upon the formula equal to 90% of the net asset value as of 8/20/2026.
“We are grateful for the continued support of our shareholders. The strong participation in this over-subscribed rights offering reflects investor confidence in MUA’s strategy and the opportunities we see in today’s municipal market. With elevated tax-exempt yields, attractive valuations, and a growing pipeline of affordable housing investments, we believe the Fund is well positioned to capitalize on a compelling opportunity set on behalf of our shareholders.” – Ryan McDonald – Portfolio Manager of the Fund.
As a result of investor demand, the Offer was over-subscribed, and the Fund will exercise the over-subscription privilege. Pursuant to the over-subscription privilege, shareholders of the Fund as of July 28, 2026 (the “Record Date”) who fully exercised all rights issued to them were able to subscribe at the price indicated above, subject to certain limitations and allotment, for any additional Common Shares which were not subscribed for by other holders of rights. The shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro-rata among those fully exercising Record Date shareholders who over-subscribed based on the number of rights originally issued to them by the Fund. The Fund will return to those investors that submitted over-subscription requests the full amount of their excess payments as soon as practicable.
