0001193125-19-236525.txt : 20190903 0001193125-19-236525.hdr.sgml : 20190903 20190903160757 ACCESSION NUMBER: 0001193125-19-236525 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190903 DATE AS OF CHANGE: 20190903 EFFECTIVENESS DATE: 20190903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK MUNICIPAL BOND FUND, INC. CENTRAL INDEX KEY: 0000225635 IRS NUMBER: 132896246 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-57354 FILM NUMBER: 191072194 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH MUNICIPAL BOND FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ONE LIBERTY MUNICIPAL BOND FUND INC DATE OF NAME CHANGE: 19780622 0000225635 S000002335 BlackRock Short-Term Municipal Fund C000006122 Investor A1 C000006124 Investor C C000006125 Institutional C000038034 Investor A C000038035 Class K Shares 497 1 d759935d497.htm BLACKROCK SHORT-TERM MUNICIPAL FUND BlackRock Short-Term Municipal Fund

BLACKROCK MUNICIPAL BOND FUND, INC.

BlackRock Short-Term Municipal Fund

(the “Fund”)

Supplement dated September 3, 2019 to the Statement of Additional Information of the Fund

dated October 26, 2018, as supplemented to date

Effective immediately, the following changes are made to the Fund’s Statement of Additional Information:

The third paragraph in the section of the SAI entitled “Management and Advisory Arrangements — Information Regarding the Portfolio Managers” is deleted in its entirety and replaced with the following:

Kevin A. Schiatta and Kristi Manidis are the portfolio managers of the Short-Term Fund and are jointly and primarily responsible for the day-to-day operations of the Fund.

The section of the SAI entitled “Management and Advisory Arrangements — Information Regarding the Portfolio Managers — Other Funds and Accounts Managed — Short-Term Fund” is deleted in its entirety and replaced with the following:

Short-Term Fund

 

     Number of Other Accounts Managed
and Assets by Account Type		    Number of Other Accounts and Assets
for Which Advisory Fee is
Performance-Based
Name of Portfolio
Manager		    Other
Registered
Investment
Companies		    Other
Pooled
Investment
Vehicles		    Other
Accounts		    Other
Registered
Investment
Companies		    Other
Pooled
Investment
Vehicles		    Other
Accounts
Kevin A. Schiatta, CFA    5
$4.87 Billion		    0
$0		    4
$243.1 Million		    0
$0		    0
$0		    0
$0
Kristi Manidis*    6
$6.62 Billion		    0
$0		    40
$13.11 Billion		    0
$0		    0
$0		    40
$13.11 Billion

 

*

Information as of July 31, 2019.

The table following the first paragraph in the section of the SAI entitled “Management and Advisory Arrangements — Information Regarding the Portfolio Managers — Portfolio Manager Compensation Overview — Discretionary Incentive Compensation” is deleted in its entirety and replaced with the following:

 

Portfolio Manager             Benchmark

Theodore R. Jaeckel, Jr., CFA

Walter O’Connor, CFA

Michael Kalinoski

Kevin A. Schiatta, CFA

Kristi Manidis

           A combination of market-based indices (e.g., Standard & Poor’s Municipal Bond Index), certain customized indices and certain fund industry peer groups.

The section of the SAI entitled “Management and Advisory Arrangements — Information Regarding the Portfolio Managers — Portfolio Manager Beneficial Holdings” is deleted in its entirety and replaced with the following:

As of June 30, 2018, the end of the Funds’ most recently completed fiscal year end, the dollar range of securities beneficially owned by each portfolio manager in the Funds is shown below:

 

Portfolio Manager      Portfolio(s) Managed   Dollar Range of Equity
Securities Owned
Theodore R. Jaeckel, Jr., CFA      High Yield Fund   $100,001 – $500,000
Walter O’Connor, CFA      National Fund
High Yield Fund		   $100,001 – $500,000
None
Kevin A. Schiatta, CFA      Short-Term Fund   None
Kristi Manidis*      Short-Term Fund   None
Michael Kalinoski, CFA      National Fund   $10,001 – $50,000

 

*

Information as of July 31, 2019.

Shareholders should retain this Supplement for future reference.

SAI-MBFST-0919SUP

 

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