Hayes Peter 4
4 · BLACKROCK MUNICIPAL INCOME FUND, INC. · Filed Apr 14, 2023
Insider Transaction Report
Form 4
Hayes Peter
Other
Transactions
- Other
Common Stock
2022-04-11+18,774→ 18,774 total
Footnotes (1)
- [F1]Effective as of April 11, 2022, BlackRock MuniHoldings Investment Quality Fund (the "Target Fund") was reorganized into BlackRock Municipal Income Fund, Inc. (the "Acquiring Fund"). In the Reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on April 8, 2022, less the costs of the Reorganization. As of April 8, 2022, the Target Fund reported a NAV per share of $13.1220 and the Acquiring Fund reported a NAV per share of $13.9783. The conversion ratio for the Target Fund's common shares was 0.93874076. In the Reorganization, Peter Hayes received 18,774 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 20,000 common shares of the Target Fund.