Blackrock Muniassets Fund, Inc. Reports Earnings Results for the Full Year Ended April 30, 2020
July 02, 2020 at 03:46 pm EDT
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BlackRock MuniAssets Fund, Inc. announced earnings results for the full year ended April 30, 2020. For the full year, the company announced total revenue was USD 27.755 million. Net loss was USD 23.713 million.
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.
BLACKROCK MUNIASSETS FUND, INC. 
