February 23, 2026 · Form 4 insider transaction
HUBBARD ROBERT GLENN sold 295 shares of BTA at $10.04 per share, a transaction worth $3.0K. The trade was recorded as j and disclosed on an SEC Form 4, filed 2 days after the transaction.
Effective as of February 23, 2026, BlackRock Long-Term Municipal Advantage Trust (the "Target Fund") was reorganized into BlackRock MuniAssets Fund, Inc. (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 February 20, 2026, less the costs of the reorganization. As of February 20, 2026, the Target Fund reported a NAV per share of $10.0395 and the Acquiring Fund reported a NAV per share of $11.3610. The conversion ratio for the Target Fund's common shares was 0.88368101. In the reorganization, Glenn Hubbard received 260 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 295.00 common shares of the Target Fund.