BlackRock Advisors said it has completed the reorganization of BlackRock MuniVest Fund, Inc. and BlackRock MuniVest Fund II, Inc. into BlackRock MuniYield Quality Fund III, Inc., with shareholders of the acquired funds receiving MYI common shares based on relative net asset values as of Feb. 20, 2026, and cash paid for any fractional shares. The surviving fund also adopted a 2026 discount management program that could trigger a tender offer to repurchase at least 5% of outstanding common shares at 98% of NAV if the shares trade at an average discount greater than 10% over the Jan. 1–Sept. 30 measurement period.

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