JPMorgan Chase & Co. Fully Exits Preferred Share Position in BlackRock Munivest Fund

summarizeSummary

JPMorgan Chase & Co. and DNT Asset Trust have sold all their Variable Rate Muni Term Preferred Shares in BlackRock Munivest Fund, Inc., ceasing to be beneficial owners of more than 5% of the class.

check_boxKey Events

• Full Divestment of Preferred Shares

  JPMorgan Chase & Co. and DNT Asset Trust sold all their Variable Rate Muni Term Preferred Shares in an open market transaction on February 19, 2026, at a price of $100,173.12 per share.

• Cessation of Significant Ownership

  As a result of the sale, the Reporting Persons no longer own any Preferred Shares and ceased to be beneficial owners of more than five percent of the class of securities.

• Termination of Arrangements

  All voting and financing arrangements related to the Preferred Shares have been terminated following the disposition.

auto_awesomeAnalysis

This Schedule 13D/A reports that JPMorgan Chase & Co. and DNT Asset Trust, previously significant holders, have fully divested their entire position in the Variable Rate Muni Term Preferred Shares of BlackRock Munivest Fund, Inc. This complete exit by a major institutional investor from a class of the fund's securities represents a notable change in its capital structure and institutional interest.