1. MUI converted to an unlisted interval fund offering quarterly share repurchases. 2. The fund now operates as BlackRock Municipal Credit Alpha Portfolio, enhancing investment flexibility.
Converting to an interval fund may attract more stable capital and improve NAV through strategic repurchases, similar trends in other funds show positive impacts on liquidity and value.
The structural change can significantly impact MUI's market behavior, influencing investor sentiment and long-term valuation.
The fund's new structure may provide sustained benefits over time, similar to successful listings leading towards stability and shareholder confidence.