TD Group Acquires 100% of BlackRock MuniVest Fund's Preferred Shares for $153.8 Million

summarizeSummary

TD Group has acquired all outstanding Variable Rate Muni Term Preferred Shares of BlackRock MuniVest Fund for $153.8 million, becoming the sole institutional owner of this security class.

check_boxKey Events

• Acquisition of Preferred Shares

  Toronto Dominion Investments LLC and its parent entities acquired 1,536 Variable Rate Muni Term Preferred Shares of BlackRock MuniVest Fund, Inc.

• Significant Investment

  The aggregate purchase price for these shares was approximately $153.8 million, funded from the Reporting Persons' working capital.

• Full Ownership of Class

  The acquisition represents 100% of the outstanding Variable Rate Muni Term Preferred Shares of the Issuer.

• Change in Institutional Holder

  This transaction follows a recent SCHEDULE 13D/A filing on February 27, 2026, which indicated JPMorgan Chase & Co. and DNT Asset Trust had sold all their Variable Rate Muni Term Preferred Shares, signifying a complete transition of ownership for this security class.

auto_awesomeAnalysis

Toronto Dominion Investments LLC, along with its parent entities, has acquired 100% of BlackRock MuniVest Fund's Variable Rate Muni Term Preferred Shares for approximately $153.8 million. This significant transaction represents a complete change in the institutional holder of this class of securities, following a recent filing where JPMorgan Chase & Co. and DNT Asset Trust sold their entire stake in these preferred shares. While the acquisition is for investment purposes and does not aim to influence control, it marks a substantial capital structure event for the company, bringing a new major financial institution as the sole owner of this preferred share class.