Notice by Closed-end Investment Companies of Intention to Call or Redeem Their Own Securities (n-23c-2)
March 01 2021 - 05:33PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT
TO
RULE 23c-2 UNDER THE INVESTMENT COMPANY ACT
OF 1940
Investment Company Act File No. 811-10333
BLACKROCK MUNICIPAL INCOME INVESTMENT
TRUST
(Name of Registrant)
100 Bellevue Parkway
Wilmington, Delaware 19809
(Address of Principal Executive Offices)
Registrant’s Telephone Number, including Area
Code: (800) 441-7762
The undersigned registered closed-end investment company hereby
notifies the Securities and Exchange Commission (the “Commission”)
that it intends to redeem securities of which it is the issuer, as
set forth below in accordance with the requirements of Rule
23c-2 under the Investment
Company Act of 1940 (the “Act”), and states that it is filing this
notice with the Commission at least 30 days prior to the date set
for the redemption.
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(1)
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Title of the class of securities of BlackRock
Municipal Income Investment Trust (the “Fund”) to be
redeemed:
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Series W-7
Variable Rate Demand Preferred Shares, par value $0.001 per share,
liquidation preference of $100,000 per share (the “Series
W-7 VRDP Shares”) (CUSIP #:
09248H303).
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(2)
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The date on which the securities are to be
called or redeemed:
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The Series W-7 VRDP Shares will be redeemed on
March 31, 2021 (the “Redemption Date”).
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(3)
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The applicable provisions of the governing
instrument pursuant to which the securities are to be called or
redeemed:
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The Series W-7 VRDP Shares are to be redeemed
pursuant to Part I, Section 10(a) of the Fund’s Statement of
Preferences of Variable Rate Demand Preferred Shares (the
“Statement”), a form of which was most recently filed with the
Commission on March 26, 2012, as Exhibit 99.77Q1(a) to the
Fund’s semi-annual report on Form N-SAR. Pursuant to Part I,
Section 10(c) of the Statement, dividends on the Series
W-7 VRDP Shares will cease
to accumulate from and after the Redemption Date.
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(4)
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The principal amount or number of shares and the
basis upon which the securities to be redeemed are to be
selected:
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The Fund intends to redeem 100% (520 shares) of its
outstanding Series W-7 VRDP
Shares. Holders of the Series W-7 VRDP Shares will receive the
liquidation preference of $100,000 per share, together with
accumulated and unpaid dividends through the Redemption Date. All
of the Series W-7 VRDP
Shares are held in book-entry form through the Depository Trust
Company (“DTC”), and such shares being redeemed will be redeemed in
accordance with the procedures of DTC. Payment by the Fund of the
Redemption Price will be made to The Bank of New York Mellon, as
tender and paying agent for the Series W-7 VRDP Shares.
SIGNATURE
Pursuant to the requirement of Rule 23c-2 of the Investment Company Act of
1940, the Fund has duly caused this Notification of Redemption of
Securities to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of New York, and the State of New
York, on the 1st day of March,
2021.
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BLACKROCK MUNICIPAL INCOME INVESTMENT TRUST
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By:
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/s/ Jonathan Diorio
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Name: Jonathan Diorio
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Title: Vice President
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