BlackRock MuniAssets Fund, Inc. (MUA) Announces Variable Rate Preferred Shares Issuance

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Dec 15, 2021

BlackRock Advisors, LLC today announced BlackRock MuniAssets Fund, Inc. (NYSE: MUA, CUSIP: 09254J102) (the “Fund”) successfully priced and placed $175 million in Variable Rate Demand Preferred Shares (“VRDP”) pursuant to an offering exempt from registration under the Securities Act of 1933. The proceeds from the VRDP issuance will be used to increase leverage in the Fund. BlackRock believes that the VRDP issuance will be accretive to the Fund’s earnings. Details below: