By Stephanie N. Rotondo
Portland, Ore., Dec. 16 - BlackRock MuniHoldings Fund Inc. priced $83.7 million of variable-rate muni term preferred shares on Friday, according to a press release.
Proceeds will be used to redeem the fund's outstanding auction-rate preferred shares. The redemptions are expected to be announced Dec. 19 or Dec. 30.
The fund is managed by BlackRock Advisors LLC, a New York-based investment management, risk management and advisory services firm.
| Issuer: | BlackRock MuniHoldings Fund Inc.
|
| Securities: | Variable-rate muni term preferred shares
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| Amount: | $83.7 million
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| Pricing date: | Dec. 16
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