SEC Form 4 · accession 0001209191-16-121318
BLACKROCK MUNICIPAL INCOME INVESTMENT TRUST · BBF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Cavanagh
Director
Period of report
May 16, 2016
Accepted (ET)
May 18, 2016 · 4:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001137392
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 16, 2016 | J | 104 | — | A | 404 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective as of May 16, 2016, BlackRock Municipal Bond Investment Trust (the "Target Fund") was reorganized into BlackRock Municipal Income Investment Trust (the "Acquiring Fund"). In the Reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on May 13, 2016, less the costs of the Reorganization. As of May 13, 2016, the Target Fund reported a NAV per share of $16.1307 and the Acquiring Fund reported a NAV per share of $15.3803. The conversion ratio for the Target Fund's common shares was 1.04878969. In the Reorganization, Richard Cavanagh received 104 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 100 common shares of the Target Fund.