This Unusual Tax-Free Dividend Is 9% Off [Forbes]
Blackrock MuniAssets Fund, Inc (MUA)
US:NYSE Investor Relations:
blackrock.com/investing/products/240224/blackrock-muniassets-fund-inc-usd-fund
Company Research
Source: Forbes
Today I’m going to show you how one lucky group of investors nailed a once-in-a-lifetime shot at a huge, tax-free Well, not exactly “once-in-a-lifetime.” Because this opportunity is still waiting for you today In a moment, I’ll give you the goods (including a name and ticker) on a closed-end fund (CEF) To cut to the chase, thanks to its lucrative tax breaks, this fund’s 4.2% payout could be worth 7% or more to you today, depending on your tax bracket. Giving Uncle Sam the Slip How does this fund manage to pull off a tax-free dividend stream? Simple: it holds “boring” municipal bonds—issued by local governments to fund infrastructure projects. Most Americans don’t pay any tax on munis’ dividends, and CEFs that own munis were at the heart of the 18%+ gains (and big cash payouts) our savvy contrarians bagged in the last year. To see how they did it, let’s rewind to December 2018, when muni CEFs traded at absurd discounts to net asset value (NAV, or the per-share value of their underlying
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Sec Filings
- 11/7/24 - Form SC
- 10/30/24 - Form 4
- 10/15/24 - Form N-CEN
- MUA's page on the SEC website