BlackRock MuniVest Fund II, Inc.
MVT
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Charles Choon Sik Park
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 55 East 52nd Street New York City NY United States of America 10055
- IPO Date
- Apr 12, 1993
- CIK
- 0000897269
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock MuniVest Fund II, Inc. (NYSE: MVT) is a closed-end fixed income management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes, consistent with prudent investment management. The Fund invests at least 80% of its assets in municipal bonds exempt from federal income taxes (with interest potentially subject to the federal alternative minimum tax), primarily long-term municipal bonds with maturities exceeding ten years; it allocates at least 75% of assets to investment-grade municipal bonds under normal market conditions, including general obligation bonds, revenue bonds, variable rate instruments, and tender option bonds (TOBs), with exposure to sectors such as power, water finance, airports, utilities, and sales tax financing across U.S. states including Puerto Rico, New York, New Jersey, Seattle, Tampa, and Austin. The Fund employs leverage, representing approximately 27.5% of managed assets through borrowings and preferred stock or TOB structures, to enhance yield and net asset value; as of mid-2025, it held about 235 securities with an effective duration of 17.19 years, yield to maturity of 8.06%, and 12.25% in AMT bonds, while 11.81% of holdings are insured. Launched on March 29, 1993 and domiciled in the United States with administrative operations at 50 Hudson Yards, New York, New York, the Fund is managed by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc., and focuses on retail and institutional investors seeking tax-advantaged income from diversified U.S. municipal obligations. In a major strategic reorganization approved by shareholders on November 20, 2025, the Fund will merge with and into BlackRock MuniYield Quality Fund III, Inc. (NYSE: MYI), alongside BlackRock MuniVest Fund, Inc. (NYSE: MVF), with the transaction expected to complete in February 2026 based on relative net asset values at closing, subject to customary conditions.