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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.
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