BlackRock MuniAssets Fund, Inc. Announces Distribution, Payable on July 1, 2016
June 01, 2016 at 05:00 pm EDT
Share
BlackRock MuniAssets Fund, Inc. announced distribution of $0.057500 per share. The distribution will be payable on July 1, 2016 to the shareholders of record on June 15, 2016. Ex-date is June 13, 2016.
BlackRock MuniAssets Fund, Inc. (the Fund) is a closed-end management investment company. The Fund's investment objective is to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium- to lower-grade or unrated municipal obligations. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal bonds exempt from federal income taxes. The Fund invests approximately 65% of its assets in municipal bonds that are rated in the medium to lower categories by nationally recognized rating services (Baa or lower by Moody's Investors Service, Inc. (Moody's) or BBB or lower by Standard & Poor's Corporation (S&P)) or securities, which are of comparable quality. The Fund invests in a range of sectors, including health, transportation, tobacco, education, utilities, state, corporate, and housing. Investment adviser of the Fund is BlackRock Advisors, LLC.