|Bid||15.07 x 800|
|Ask||15.40 x 1400|
|Day's Range||15.06 - 15.15|
|52 Week Range||12.65 - 16.29|
|Beta (5Y Monthly)||0.32|
|PE Ratio (TTM)||44.94|
|Forward Dividend & Yield||0.74 (4.91%)|
|Ex-Dividend Date||Apr 07, 2021|
|1y Target Est||N/A|
Rating Action: Moody's affirms Aa1 rating of preferred shares issued by BlackRock Municipal Income Trust II following reorganizationsGlobal Credit Research - 09 Apr 2021New York, April 09, 2021 -- Moody's Investors Service, ("Moody's") has affirmed the long-term Aa1 rating of Variable Rate Muni Term Preferred Shares (VMTP Shares) issued by BlackRock Municipal Income Trust II (NYSE: BLE) following the merger of three BlackRock closed-end funds into the fund.Effective 12 April, BlackRock Strategic Municipal Trust (NYSE: BSD), BlackRock MuniYield Investment Quality Fund (NYSE: MFT), and BlackRock Municipal Income Investment Trust (NYSE: BBF) will be merged with and into BLE. In connection with the reorganization, BLE has issued new VMTP Shares on a one-for-one basis and in the same amount as the retired preferred shares of the merged funds.
Rating Action: Moody's assigns Aa1 rating to preferred shares issued by BBF in advance of reorganizationGlobal Credit Research - 18 Mar 2021New York, March 18, 2021 -- Moody's Investors Service, ("Moody's") has assigned a long-term Aa1 rating to Variable Rate Muni Term Preferred Shares (VMTP Shares) issued by BlackRock Municipal Income Investment Trust (NYSE: BBF). The VMTP Shares are being issued in connection with the fund's upcoming merger with and into BlackRock Municipal Income Trust II (NYSE: BLE). Subsequently, the ratings on the VRDP Shares have been withdrawn.A summary of the rating action follows: -- BlackRock Municipal Income Investment Trust, Series W- 7 VMTP Preferred Shares, $52 million (520 shares with liquidation preference of $100,000 per share) assigned at Aa1RATINGS RATIONALEThe Aa1 long-term rating on BBF's VMTP Shares reflects the fund's excellent risk-adjusted asset coverage, conservative underlying portfolio, and strong capacity to cover periodic obligations with recurring investment income.At 27th February, BBF's effective leverage stood at about 38% and its risk-adjusted asset coverage ratio was consistent with that of Aaa-rated closed-end funds.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BlackRock Municipal Income Trust II and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 13 January 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology (ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.