NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC today announced that the merger of BlackRock New York Municipal Bond Trust (“BQH”, CUSIP: 09249P106) into BlackRock New York Municipal Opportunities Fund, an open-end mutual fund and a series of BlackRock Multi-State Municipal Series Trust, with MENKX being the surviving Fund, is effective as of the opening for business of the New York Stock Exchange on Monday, October 26, 2020.
In the Merger, common shareholders of BQH received an amount of MENKX Investor A shares equal to the aggregate net asset value of their holdings of BQH common shares as determined at the close of business on October 23, 2020.
Relevant details pertaining to the Merger are as follows:
| Fund | Ticker | NAV/Share ($) | Share Conversion Ratio |
| BlackRock New York Municipal Opportunities Fund | MENKX | 10.8627 | N/A |
| BlackRock New York Municipal Bond Trust | BQH | 15.6771 | 1.44320473 |
This communication is not intended to, and shall not, constitute an offer to purchase or sell shares of any of the BlackRock funds, including MENKX, the surviving fund in the Merger. Investors should consider MENKX’s investment objective, risks, charges and expenses carefully and consider in its entirety MENKX’s prospectus, which contains important information regarding the investment objectives and policies, risks, charges, expenses and other important information about MENKX.
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 | 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.
