BlackRock Municipal Income Fund to redeem preferreds on April 7

By Rebecca Melvin

Concord, N.H., March 8 – BlackRock Municipal Income Fund Inc. announced it will redeem $287.1 million outstanding of series W-7 variable rate muni term referred shares, with a liquidation preference of $100,000 per share (Cusip: 09253X888), according to a filing with the Securities and Exchange Commission.

The fund plans to redeem all of the outstanding shares, or 2,871 shares, at par plus accrued interest through the redemption date on April 7.

The Bank of New York Mellon is redemption and paying agent for the shares.

The closed end management investment company is based in Wilmington, Del.

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