Filed by BlackRock Municipal Bond Trust
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-6
under the Securities Exchange Act of 1934
Subject Company: BlackRock MuniHoldings Fund, Inc.
File No. 333-241481
Date: December 15, 2020
Contact:
1-800-882-0052
BlackRock Announces Results of Joint Special Shareholder Meeting Relating to the
Reorganizations of Five Municipal Closed-End Funds
New York, December 15, 2020 – BlackRock Advisors, LLC announced today that, at a joint special meeting of shareholders (the
“Meeting”) of BlackRock Municipal Income Investment Quality Trust (“BAF”), BlackRock Municipal Bond Trust (NYSE: BBK), BlackRock MuniHoldings Fund II, Inc. (NYSE: MUH), BlackRock MuniHoldings Quality Fund, Inc. (NYSE: MUS) and
BlackRock MuniHoldings Fund, Inc. (NYSE: MHD and collectively with BAF, BBK, MUH and MUS, the “Funds,” and each, a “Fund”), the requisite votes of shareholders of BBK and MHD have approved the reorganization of BBK with and into
MHD, with MHD continuing as the surviving Fund, and the transactions contemplated thereby (the “BBK Reorganization”). BAF, MUH and MUS did not obtain the requisite votes of common shareholders to constitute a quorum and/or approve the
applicable proposals. Accordingly, the Meeting with respect to the proposals to be voted on by common shareholders of each of BAF, MUH and MUS has been adjourned to January 21, 2021 at 11:00 a.m. (Eastern time) in order to continue to
solicit proxies from common shareholders of such Funds.
It is currently expected that the BBK Reorganization will be completed in the first quarter of
2021, subject to the satisfaction of customary closing conditions. The BBK Reorganization, if completed, would occur based on the relative net asset values of the common shares of each Fund. In addition, holders of Variable Rate Muni Term Preferred
Shares (“VMTP Shares”) of BBK would receive on a one-for-one basis VMTP Shares of MHD in an amount equal to the aggregate VMTP Share liquidation
preference (including any accumulated and unpaid dividends) held by holders of BBK’s VMTP Shares immediately prior to the BBK Reorganization.
This
press release is not intended to, and does not, constitute an offer to purchase or sell shares of the Funds.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to
investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on
behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com |
LinkedIn: www.linkedin.com/company/blackrock.
Availability of Fund Updates
BlackRock will update performance and certain other data for the BlackRock closed-end funds on a monthly basis on its
website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the
website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and
is not intended to, incorporate BlackRock’s website in this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or the Funds may make, may contain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act, with respect to the Funds’ or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as
“trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,”
“position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such
as “will,” “would,” “should,” “could,” “may” or similar expressions.
BlackRock cautions that
forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update
forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.
With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical
performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in the
Funds’ net asset value; (2) the relative and absolute investment performance of the Funds and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent
and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer
Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to the Funds or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and
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natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract
and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of
products at other financial institutions.
Annual and Semi-Annual Reports and other regulatory filings of the Funds with the SEC are accessible on the
SEC’s website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRock’s website is not a part of this press
release.
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