BlackRock MuniHoldings Fund Inc. is a closed-end fixed income fund that focuses on generating current income exempt from U.S. federal income taxes by investing primarily in investment-grade municipal bonds. At least 80% of the fund's assets are allocated to municipal securities, which are typically issued by state and local governments and are designed to fund public projects while offering tax advantages to investors. The fund seeks to maintain a portfolio of mostly long-term maturities, often with securities extending beyond ten years, catering to investors who prioritize income and tax efficiency. In the financial markets, BlackRock MuniHoldings Fund Inc. plays a key role by providing individual and institutional investors with diversified exposure to the U.S. municipal bond sector. The fund distributes income on a monthly basis and is managed by BlackRock Advisors, LLC, one of the world’s largest asset managers. Founded in 1997, the fund’s assets under management are substantial, and it is notable for its forward dividend yield, enabling steady cash flows to shareholders. The fund does not pursue an explicit environmental, social, and governance (ESG) strategy.
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