BlackRock Muni fund calls $287.18 million auction market preferreds

By Toni Weeks

San Diego, March 18 - BlackRock Muni Intermediate Duration Fund, Inc. will redeem all of its outstanding F7, M7, T7, W7, TH7 and TH28 auction market preferred stock, according to a 23C-2 filing with the Securities and Exchange Commission.

Each of the 11,487 preferreds has a liquidation preference of $25,000, and the redemption will total $287,175,000.

The redemption will be completed over five days, according to the following schedule:

• 1,795 series F7 preferreds on April 4;

• 1,795 series M7 preferreds on April 5;

• 2,423 series T7 preferreds on April 6;

• 1,795 series W7 preferreds on April 7;

• 2,423 series TH7 preferreds on April 8; and

• 1,256 series TH28 preferreds on April 8.

The fund is based in Wilmington, Del.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.