BlackRock Muni Intermediate Duration Fund, Inc. Announces Pricing and Placement of Approximately $287 Million in Private Offering of Variable Rate Muni Term Preferred Shares

Document Sample
BlackRock Muni Intermediate Duration Fund, Inc. Announces Pricing and Placement of Approximately $287 Million in Private Offering of Variable Rate Muni Term Preferred Shares Powered By Docstoc
					
				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:7
posted:12/7/2012
language:Japanese
pages:2
Description: NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC today announced that BlackRock Muni Intermediate Duration Fund, Inc. (NYSE:MUI, the “Fund”) successfully priced and placed Variable Rate Muni Term Preferred Shares (“VMTP”) pursuant to an offering exempt from registration under the Securities Act of 1933. Totaling approximately $287 million in aggregate, the proceeds from the VMTP issuance will be used to redeem all of the Fund’s outstanding Variable Rate Demand Preferred Shares (“VRDP”), which
EON: Enhanced Online News EON: Enhanced Online News http://eon.businesswire.com
About At EON: Enhanced Online News, we show you how to make your online press release thrive. If you want to drive traffic to your website, generate sales leads, make an announcement, or promote a new product, EON: Enhanced Online News delivers the online visibility that you need. EON: Enhanced Online News powered by Business Wire.