BlackRock MuniVest Fund, Inc. (MVF) Announces Adoption of Discount Management Program

BlackRock MuniVest Fund, Inc. (NYSE: MVF, the “Fund”) announced today the adoption of a discount management program (the "Program"). Under the terms of the Program, the Fund intends to offer to repurchase a portion of its common shares via tender offer if certain conditions are met during specified time periods, as detailed below.

If MVF’s common shares trade at an average daily discount to net asset value ("NAV") of more than 7.50% during a 3-month measurement period (each, a "Measurement Period"), the Fund intends to offer to repurchase 2.5% of its outstanding common shares at a price equal to 98% of the Fund’s NAV, as determined on the trading day after the tender offer expires, as soon as practicable following the Measurement Period end date.

The Program will be comprised of six Measurement Periods, expiring with the Measurement Period ending September 30, 2025, unless continued by the Fund’s Board of Directors (the “Board”). The Measurement Period start and end dates are currently expected to be as indicated below.

Measurement Period Start			Measurement Period End
April 1, 2024			June 30, 2024
July 1, 2024			September 30, 2024
October 1, 2024			December 31, 2024
January 1, 2025			March 31, 2025
April 1, 2025			June 30, 2025
July 1, 2025			September 30, 2025

The Program is intended to enhance long-term shareholder value. However, even if a tender offer is triggered under the Program, there is no guarantee that shareholders will be able to sell all of the shares that they desire to sell in any particular tender offer and there can be no assurances as to the effect that the Program will have on the market for the Fund’s shares or the discount at which the Fund’s shares may trade relative to its NAV.

The adoption of the Program is pursuant to an agreement (the “Agreement”) among the Fund, BlackRock Advisors, LLC and Karpus Investment Management (“Karpus”). During the effective period of the Agreement, Karpus has agreed to (1) be bound by the terms of the Agreement, including certain customary standstill covenants and (2) vote Fund shares on proposals submitted to shareholders in accordance with the recommendation of each Fund’s Board.