BlackRock MuniAssets Fund, Inc. is a closed-end fixed income mutual fund managed by BlackRock Advisors, LLC. Its primary objective is to provide current income that is exempt from U.S. federal income taxes. To achieve this, the fund invests predominantly in a portfolio of medium-to-lower-grade or unrated municipal obligations, with a mandate that at least 80% of its assets are allocated to municipal bonds exempt from federal income taxes under normal market conditions. A significant portion of the portfolio, at least 65%, focuses on municipal bonds rated in the medium to lower categories or deemed comparable by the adviser. This targeted strategy enables the fund to serve investors seeking tax-advantaged income, particularly those in higher tax brackets. Portfolio holdings span a variety of sectors, including state, corporate, education, transportation, health, utilities, and tobacco, providing diversified exposure to the municipal bond market. Established in 1993 and based in the United States, BlackRock MuniAssets Fund, Inc. plays a strategic role within the financial markets as a specialized vehicle for accessing the high-yield municipal debt segment while supporting infrastructure and public projects across diverse sectors.
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