Romaglino Christian 4
4 · BLACKROCK MUNIHOLDINGS FUND, INC. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
BlackRock MuniHoldings (MHD) Director Christian Romaglino Receives 684 Shares
What Happened
Christian Romaglino, a director of BlackRock MuniHoldings Fund, Inc. (MHD), was credited with 684 common shares of the Acquiring Fund as part of a reorganization effective February 9, 2026 (transaction reported on Form 4). This was not an open-market buy or sale but an exchange: Romaglino surrendered 770.1207 shares of BlackRock Municipal Income Trust II (the Target Fund) and received 684 shares of MHD (cash paid for any fractional shares). Using the Acquiring Fund NAV of $12.8419 (as of Feb 6, 2026), the received shares are worth roughly $8,784.
Key Details
- Transaction date: February 9, 2026 (reported on Form 4 filed Feb 11, 2026).
- Transaction type/code: "Other acquisition or disposition" (code J) — acquisition via reorganization.
- Shares received: 684 common shares of BlackRock MuniHoldings Fund, Inc.
- Consideration/price: Not reported as a market price; conversion used NAVs (Acquiring Fund NAV $12.8419; Target Fund NAV $11.4106) and conversion ratio 0.88854453. Estimated value ≈ $8,784 (684 × $12.8419).
- Shares surrendered: 770.1207 shares of BlackRock Municipal Income Trust II; cash paid for fractional shares if any.
- Shares owned after transaction: Not specified in the filing.
- Timeliness: Filing dated Feb 11 for a Feb 9 transaction; appears timely (no lateness flag reported).
Context
This was a fund reorganization (BlackRock Municipal Income Trust II into BlackRock MuniHoldings Fund, Inc.), not discretionary insider buying or selling on the open market. Code J filings commonly reflect corporate actions like mergers or reorganizations; they do not necessarily signal the insider’s view of the stock. The reported value above is an estimate based on NAVs disclosed in the filing.
Insider Transaction Report
- Other
Common Stock
[F1]2026-02-09+684→ 684 total
Footnotes (1)
- [F1]Effective as of February 9, 2026 BlackRock Municipal Income Trust II (the "Target Fund") was reorganized into BlackRock MuniHoldings 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 February 6, 2026, less the costs of the reorganization. As of February 6, 2026 , the Target Fund reported a NAV per share of $11.4106 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.88854453. In the reorganization, Christian Romaglino received 684 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 770.1207 common shares of the Target Fund.