BlackRock Advisors said BlackRock Long-Term Municipal Advantage Trust will be reorganized into BlackRock MuniAssets Fund, with BTA shareholders receiving MUA shares based on relative net asset values calculated at the close of business on Feb. 20, 2026, and cash paid in lieu of fractional shares. The transaction is expected to be non-taxable, and MUA will also adopt a 2026 discount management program that could trigger a tender offer if its shares trade at an average discount to NAV greater than 10% over the Jan. 1 to Sept. 30, 2026 measurement period.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BlackRock Long Term Municipal Advantage Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20260223661532) on February 23, 2026, and is solely responsible for the information contained therein.