TD Group Acquires 100% of BlackRock MuniVest Fund's Preferred Shares for $153.8 Million
Summary
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.
Key Events · Ownership and Investor Activity · MVF
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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.
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Significant Investment
The aggregate purchase price for these shares was approximately $153.8 million, funded from the Reporting Persons' working capital.
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Full Ownership of Class
The acquisition represents 100% of the outstanding Variable Rate Muni Term Preferred Shares of the Issuer.
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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.
Analysis · MVF · Unknown
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.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 966 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MVF was trading at $7.07 on NYSE in the Unknown sector, with a market capitalization of approximately $405.4M. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.