0001287695-16-000576.txt : 20160226
0001287695-16-000576.hdr.sgml : 20160226
20160226165204
ACCESSION NUMBER: 0001287695-16-000576
CONFORMED SUBMISSION TYPE: NSAR-A
PUBLIC DOCUMENT COUNT: 8
CONFORMED PERIOD OF REPORT: 20151231
FILED AS OF DATE: 20160226
DATE AS OF CHANGE: 20160226
EFFECTIVENESS DATE: 20160226
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: NSAR-A
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-02688
FILM NUMBER: 161462831
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
S000002334
BlackRock National Municipal Fund
C000006118
Investor A
C000006119
Investor B
C000006120
Investor C1
C000006121
Institutional
C000038033
Investor C
C000100249
Service Shares
C000100250
BlackRock Shares
0000225635
S000002335
BlackRock Short-Term Municipal Fund
C000006122
Investor A1
C000006124
Investor C
C000006125
Institutional
C000038034
Investor A
C000038035
Class K Shares
0000225635
S000011867
BlackRock High Yield Municipal Fund
C000032425
Investor A
C000032427
Investor C
C000032428
Institutional
NSAR-A
1
answer.fil
PAGE 1
000 A000000 12/31/2015
000 C000000 0000225635
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 BLACKROCK MUNICIPAL BOND FUND, INC.
001 B000000 811-02688
001 C000000 8004417762
002 A000000 100 BELLEVUE PARKWAY
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 BlackRock National Municipal Fund
007 C030100 N
007 C010300 3
007 C020300 BlackRock Short-Term Municipal Fund
007 C030300 N
007 C010400 4
007 C020400 BlackRock High Yield Municipal Fund
007 C030400 N
008 A00AA01 BLACKROCK ADVISORS, LLC
008 B00AA01 A
008 C00AA01 801-47710
008 D01AA01 WILMINGTON
008 D02AA01 DE
008 D03AA01 19809
011 A00AA01 BLACKROCK INVESTMENTS, LLC
011 B00AA01 8-48436
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10022
012 A00AA01 BNY MELLON INVESTMENT SERVICING (US) INC.
012 B00AA01 84-01761
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02116
PAGE 2
014 A00AA01 BLACKROCK EXECUTION SERVICES
014 B00AA01 8-48719
014 A00AA02 BLACKROCK INVESTMENTS, LLC
014 B00AA02 8-48436
014 A00AA03 HARRIS WILLIAMS LLC
014 B00AA03 8-53380
014 A00AA04 PNC CAPITAL MARKETS, INC.
014 B00AA04 8-32493
014 A00AA05 PNC INVESTMENTS LLC
014 B00AA05 8-66195
015 A00AA01 STATE STREET BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02210
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 282
019 C00AA00 BLKRKADVSR
020 A000001 BANK OF AMERICA CORP
020 B000001 56-0906609
020 C000001 13
021 000000 13
022 A000001 FFI INSTITUTIONAL TAX-EXEMPT FUND
022 B000001 22-2509978
022 C000001 1786351
022 D000001 1561009
022 A000002 CITIGROUP GLOBAL MARKETS INC
022 B000002 11-2418191
022 C000002 767268
022 D000002 394085
022 A000003 BARCLAYS CAPITAL INC.
022 B000003 13-3299429
022 C000003 388352
022 D000003 397730
022 A000004 WELLS FARGO & CO
022 B000004 41-0449260
022 C000004 295534
022 D000004 198240
022 A000005 MORGAN STANLEY
022 B000005 36-3145972
022 C000005 254026
022 D000005 213905
022 A000006 BANK OF AMERICA CORP
022 B000006 56-0906609
022 C000006 301281
022 D000006 163859
022 A000007 PERSHING LLC
022 B000007 13-2741729
022 C000007 161993
022 D000007 127437
PAGE 3
022 A000008 JEFFERIES & COMPANY INC
022 B000008 95-2622900
022 C000008 106375
022 D000008 123513
022 A000009 JPMORGAN SECURITIES INC
022 B000009 13-3299429
022 C000009 160556
022 D000009 33001
022 A000010 RBC CAPITAL MARKETS CORP
022 B000010 13-5033225
022 C000010 110383
022 D000010 55519
023 C000000 4544261
023 D000000 3566270
024 00AA00 N
025 D000301 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010100 134960
028 A020100 10515
028 A030100 0
028 A040100 76673
028 B010100 99996
028 B020100 10625
028 B030100 0
028 B040100 76183
028 C010100 599032
028 C020100 11044
028 C030100 0
028 C040100 97063
028 D010100 116465
028 D020100 11617
028 D030100 0
028 D040100 77880
028 E010100 151308
028 E020100 12082
028 E030100 0
028 E040100 76836
028 F010100 176547
028 F020100 12026
028 F030100 0
028 F040100 92775
028 G010100 1278308
PAGE 4
028 G020100 67909
028 G030100 0
028 G040100 497410
028 H000100 407628
028 A010300 17583
028 A020300 69
028 A030300 0
028 A040300 35746
028 B010300 9584
028 B020300 76
028 B030300 0
028 B040300 28956
028 C010300 9054
028 C020300 112
028 C030300 0
028 C040300 14329
028 D010300 8499
028 D020300 79
028 D030300 0
028 D040300 22018
028 E010300 16673
028 E020300 105
028 E030300 0
028 E040300 25277
028 F010300 43928
028 F020300 96
028 F030300 0
028 F040300 26517
028 G010300 105321
028 G020300 537
028 G030300 0
028 G040300 152843
028 H000300 34569
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028 B020400 1197
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028 D010400 24457
028 D020400 1226
028 D030400 0
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028 E010400 22597
028 E020400 1278
PAGE 5
028 E030400 0
028 E040400 12489
028 F010400 52862
028 F020400 1436
028 F030400 0
028 F040400 10235
028 G010400 151768
028 G020400 7538
028 G030400 0
028 G040400 73972
028 H000400 46121
029 000100 Y
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030 C000100 0.00
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030 B000300 3.00
030 C000300 0.00
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038 00AA00 0
039 00AA00 N
040 00AA00 Y
PAGE 6
041 00AA00 Y
042 A000100 0
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042 H000400 0
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045 000100 Y
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047 000300 Y
047 000400 Y
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PAGE 7
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
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048 A010300 250000
048 A020300 0.400
048 B010300 150000
048 B020300 0.375
048 C010300 150000
048 C020300 0.350
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 550000
048 K020300 0.325
048 000400 0.000
048 A010400 250000
048 A020400 0.550
048 B010400 250000
048 B020400 0.525
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
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048 G010400 0
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048 H010400 0
PAGE 8
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 500000
048 K020400 0.500
049 000100 N
049 000300 N
049 000400 N
050 000100 N
050 000300 N
050 000400 N
051 000100 N
051 000300 N
051 000400 N
052 000100 N
052 000300 N
052 000400 N
053 A000100 Y
053 B000100 Y
053 C000100 N
053 A000300 Y
053 B000300 Y
053 C000300 N
053 A000400 Y
053 B000400 Y
053 C000400 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
055 A000100 N
055 B000100 N
055 A000300 N
055 B000300 N
055 A000400 N
055 B000400 N
056 000100 Y
056 000300 Y
056 000400 Y
PAGE 9
057 000100 N
057 000300 N
057 000400 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
062 A000100 Y
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062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
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062 L000300 1.5
062 M000300 0.0
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062 O000300 96.1
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
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062 G000400 0.0
PAGE 10
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 6.0
062 M000400 0.0
062 N000400 0.0
062 O000400 101.7
062 P000400 0.0
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062 R000400 0.0
063 A000100 0
063 B000100 23.2
063 A000300 0
063 B000300 3.6
063 A000400 0
063 B000400 25.6
064 A000100 Y
064 B000100 Y
064 A000300 Y
064 B000300 N
064 A000400 Y
064 B000400 Y
065 000100 N
065 000400 N
066 A00AA00 N
067 00AA00 N
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070 D020100 N
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070 E020100 Y
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070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
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PAGE 11
070 K020100 Y
070 L010100 N
070 L020100 N
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070 M020100 N
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070 B020300 N
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070 D020300 N
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070 E020300 N
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070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
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070 N020300 N
070 O010300 Y
070 O020300 Y
070 P010300 Y
070 P020300 N
070 Q010300 Y
070 Q020300 N
070 R010300 Y
070 R020300 N
PAGE 12
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 Y
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000100 2334780
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071 D000100 31
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PAGE 13
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PAGE 14
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PAGE 15
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PAGE 16
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PAGE 17
076 000100 0.00
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086 F020000 0
SIGNATURE NEAL J. ANDREWS
TITLE CFO
EX-99.77O RULE 10F-3
2
char77o.txt
PARTICIPATING FUNDS
[_] U.S. Registered Funds (Name of Fund, Aladdin Ticker):
ISHARES SHORT-TERM NATIONAL AMT-FREE MUNI BOND ETF (NAT0-5)
BlackRock Short-Term Municipal Fund (BR-STMUNI)
BlackRock Strategic Municipal Opportunities Fund of BlackRock Series Trust
(BR-SMO-IG)
THE OFFERING
KEY CHARACTERISTICS (COMPLETE ALL FIELDS)
Date of 08-14-2015
Offering Commencement:
Security Type: BND/MUNI
Issuer City of Charlotte, North Carolina Water and Sewer
System Refunding Revenue Bonds, Series 2015
Selling Underwriter Wells Fargo Securities
Affiliated Underwriter(s) [X] PNC Capital Markets LLC
[_] Other:
List of Underwriter(s) Bank of America Merrill Lynch, PNC Capital Markets
LLC, J.P. Morgan Securities LLC, Wells Fargo
Securities
TRANSACTION DETAILS
Date of Purchase 08-14-2015
Purchase Price/Share $111.517 Total Commission, Spread or Profit
(PER SHARE / % OF PAR) (0.89)
$117.007
(1.36)
$119.286
(2.68)
$116.471
(3.05) 0.375
--------- -----
1. Aggregate Principal Amount Purchased (a+b) $ 71,320,000
------------
a. US Registered Funds
(Appendix attached with individual Fund/Client purchase) $ 14,500,000
b. Other BlackRock Clients $ 56,820,000
2. Aggregate Principal Amount of Offering $459,585,000
------------
FUND RATIO
[Divide Sum of #1 by #2] 0.1552
Page 1 of 2
Rule 10f-3 Report - Definitions
LEGAL REQUIREMENTS
OFFERING TYPE (CHECK ONE)
The securities fall into one of the following transaction types (see
Definitions):
[_] U.S. Registered Public Offering... [Issuer must have 3 years of continuous
operations]
[_] Eligible Rule 144A Offering....... [Issuer must have 3 years of continuous
operations]
[X] Eligible Municipal Securities
[_] Eligible Foreign Offering......... [Issuer must have 3 years of continuous
operations]
[_] Government Securities Offering.... [Issuer must have 3 years of continuous
operations]
TIMING AND PRICE (CHECK ONE OR BOTH)
[X] The securities were purchased before the end of the first day on which any
sales were made, at a price that was not more than the price paid by each
other purchaser of securities in that offering or in any concurrent
offering of the securities; and
[_] If the securities are offered for subscription upon exercise of rights, the
securities were purchased on or before the fourth day before the day on
which the rights offering terminated.
FIRM COMMITMENT OFFERING (CHECK ONE)
[X] YES The securities were offered pursuant to an underwriting or similar
[_] NO agreement under which the underwriters were committed to purchase
all of the securities being offered, except those purchased by
others pursuant to a rights offering, if the underwriters purchased
any of the securities.
NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)
[X] YES No affiliated underwriter was a direct or indirect participant in,
[_] NO or benefited directly or indirectly from, the transaction.
Completed by: Dipankar Banerjee Date: 09-09-2015
------------------------------ ---------------
Global Syndicate Team Member
Approved by: Steven DeLaura Date: 09-09-2015
------------------------------ ---------------
Global Syndicate Team Member
DEFINITIONS
Rule 10f-3 Report - Definitions
TERM DEFINITION
Fund Ratio Number appearing at the bottom of page 1 of 2 of
the Rule 10f-3 Report form. It is the sum of the
Funds' participation in the offering by the Funds
and other accounts managed by BlackRock divided by
the total amount of the offering.
Eligible Foreign Offering The securities are sold in a public offering
conducted under the laws of a country other than
the United States and
(a) the offering is subject to regulation in such
country by a "foreign financial regulatory
authority," as defined in Section 2(a)(50) of
the Investment Company Act of 1940;
(b) the securities were offered at a fixed price to
all purchasers in the offering (except for any
rights to purchase securities that are required
by law to be granted to existing security
holders of the issuer);
(c) financial statements, prepared and audited as
required or permitted by the appropriate
foreign financial regulatory authority in such
country, for the two years prior to the
offering, were made available to the public and
prospective purchasers in connection with the
offering; and
(d) if the issuer is a "domestic issuer," i.e.,
other than a foreign government, a national of
any foreign country, or a corporation or other
organization incorporated or organized under
the laws of any foreign country, it (1) has a
class of securities registered pursuant to
section 12(b) or 12(g) of the Securities
Exchange Act of 1934 or is required to file
reports pursuant to section 15(d) of that act,
and (2) has filed all the material required to
be filed pursuant to section 13(a) or 15(d) of
that act for a period of at least 12 months
immediately preceding the sale of securities
(or for such shorter period that the issuer was
required to file such material)
Rule 10f-3 Report - Definitions
TERM DEFINITION
Eligible Municipal Securities The securities:
(a) are direct obligations of, or obligations
guaranteed as to principal or interest by,
a State or any political subdivision
thereof, or any agency or instrumentality
of a State or any political subdivision
thereof, or any municipal corporate
instrumentality of one or more States, or
any security which is an industrial
development bond (as defined in section
103(c)(2) of Title 26) the interest on
which is excludable from gross income
under certain provisions of the Internal
Revenue Code;
(b) are sufficiently liquid that they can be
sold at or near their carrying value
within a reasonably short period of time;
and
(c) either
(1) are subject to no greater than
moderate credit risk; or
(2) if the issuer of the municipal
securities, or the entity supplying
the revenues or other payments from
which the issue is to be paid, has
been in continuous operation for less
than three years, including the
operation of any predecessors, the
securities are subject to a minimal
or low amount of credit risk.
Also, purchases of municipal securities may
not be designated as group sales or otherwise
allocated to the account of any prohibited
seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering The securities are sold in an offering where
(a) the securities are offered or sold in
transactions exempt from registration
under Section 4(2) of the Securities Act
of 1933, Rule 144A thereunder, or Rules
501-508 thereunder;
(b) the securities were sold to persons that
the seller and any person acting on behalf
of the seller reasonably believe to
include qualified institutional buyers, as
defined in Rule 144A ("QIBs"); and
(c) the seller and any person acting on behalf
of the seller reasonably believe that the
securities are eligible for resale to
other QIBs pursuant to Rule 144A.
Government Securities Offering The security is issued or guaranteed as to
principal or interest by the United States, or
by a person controlled or supervised by and
acting as an instrumentality of the Government
of the United States pursuant to authority
granted by the Congress of the United States;
or any certificate of deposit for any of the
foregoing.
Rule 10f-3 Report - Definitions
TERM DEFINITION
U.S. Registered Public Offering. The securities offered are registered under
the Securities Act of 1933 that are being
offered to the public.
EX-99.77O RULE 10F-3
3
clev77o.txt
PARTICIPATING FUNDS
[_] U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock National Municipal Fund of Blackrock Municipal Bond Fund, Inc.
(BR-NATL)
THE OFFERING
KEY CHARACTERISTICS (COMPLETE ALL FIELDS)
Date of 07-10-2015
Offering Commencement:
Security Type: MUNI/BND
Issuer City of Cleveland, Ohio-Various Purpose General
Obligation Refunding Bonds, Series 2015
Selling Underwriter Siebert Brandford Shank & Co.
Affiliated Underwriter(s) [X] PNC Capital Markets LLC
[_] Other:
List of Underwriter(s) Siebert Brandford Shank & Co., CastleOak
Securities, L.P., Drexel Hamilton, LLC, PNC Capital
Markets LLC, U.S. Bancorp Investments Inc.
TRANSACTION DETAILS
Date of Purchase 07-10-2015
Purchase Price/Share
(PER SHARE / % OF PAR) $116.762 Total Commission, Spread or Profit 0.466428
--------- --------
1. Aggregate Principal Amount Purchased (a+b) $ 2,655,000
-----------
a. US Registered Funds
(Appendix attached with individual Fund/Client purchase) $ 2,025,000
b. Other BlackRock Clients $ 630,000
2. Aggregate Principal Amount of Offering $60,905,000
-----------
FUND RATIO
[Divide Sum of #1 by #2] 0.043592
Must be less than 0.25
Page 1 of 2
Rule 10f-3 Report - Definitions
LEGAL REQUIREMENTS
OFFERING TYPE (CHECK ONE)
The securities fall into one of the following transaction types (see
Definitions):
[_] U.S. Registered Public Offering... [Issuer must have 3 years of continuous
operations]
[_] Eligible Rule 144A Offering....... [Issuer must have 3 years of continuous
operations]
[X] Eligible Municipal Securities
[_] Eligible Foreign Offering......... [Issuer must have 3 years of continuous
operations]
[_] Government Securities Offering.... [Issuer must have 3 years of continuous
operations]
TIMING AND PRICE (CHECK ONE OR BOTH)
[X] The securities were purchased before the end of the first day on which any
sales were made, at a price that was not more than the price paid by each
other purchaser of securities in that offering or in any concurrent
offering of the securities; and
[_] If the securities are offered for subscription upon exercise of rights, the
securities were purchased on or before the fourth day before the day on
which the rights offering terminated.
FIRM COMMITMENT OFFERING (CHECK ONE)
[X] YES The securities were offered pursuant to an underwriting or similar
[_] NO agreement under which the underwriters were committed to purchase
all of the securities being offered, except those purchased by
others pursuant to a rights offering, if the underwriters purchased
any of the securities.
NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)
[X] YES No affiliated underwriter was a direct or indirect participant in,
[_] NO or benefited directly or indirectly from, the transaction.
Completed by: Dillip Behera Date: 08-13-2015
------------------------------ ---------------
Global Syndicate Team Member
Approved by: Steven DeLaura Date: 08-13-2015
------------------------------ ---------------
Global Syndicate Team Member
Rule 10f-3 Report - Definitions
DEFINITIONS
TERM DEFINITION
Fund Ratio Number appearing at the bottom of page 1 of 2 of
the Rule 10f-3 Report form. It is the sum of the
Funds' participation in the offering by the Funds
and other accounts managed by BlackRock divided by
the total amount of the offering.
Eligible Foreign Offering The securities are sold in a public offering
conducted under the laws of a country other than
the United States and
(a) the offering is subject to regulation in such
country by a "foreign financial regulatory
authority," as defined in Section 2(a)(50) of
the Investment Company Act of 1940;
(b) the securities were offered at a fixed price to
all purchasers in the offering (except for any
rights to purchase securities that are required
by law to be granted to existing security
holders of the issuer);
(c) financial statements, prepared and audited as
required or permitted by the appropriate
foreign financial regulatory authority in such
country, for the two years prior to the
offering, were made available to the public and
prospective purchasers in connection with the
offering; and
(d) if the issuer is a "domestic issuer," i.e.,
other than a foreign government, a national of
any foreign country, or a corporation or other
organization incorporated or organized under
the laws of any foreign country, it (1) has a
class of securities registered pursuant to
section 12(b) or 12(g) of the Securities
Exchange Act of 1934 or is required to file
reports pursuant to section 15(d) of that act,
and (2) has filed all the material required to
be filed pursuant to section 13(a) or 15(d) of
that act for a period of at least 12 months
immediately preceding the sale of securities
(or for such shorter period that the issuer was
required to file such material)
Rule 10f-3 Report - Definitions
TERM DEFINITION
Eligible Municipal Securities The securities:
(a) are direct obligations of, or obligations
guaranteed as to principal or interest by,
a State or any political subdivision
thereof, or any agency or instrumentality
of a State or any political subdivision
thereof, or any municipal corporate
instrumentality of one or more States, or
any security which is an industrial
development bond (as defined in section
103(c)(2) of Title 26) the interest on
which is excludable from gross income
under certain provisions of the Internal
Revenue Code;
(b) are sufficiently liquid that they can be
sold at or near their carrying value
within a reasonably short period of time;
and
(c) either
(1) are subject to no greater than
moderate credit risk; or
(2) if the issuer of the municipal
securities, or the entity supplying
the revenues or other payments from
which the issue is to be paid, has
been in continuous operation for less
than three years, including the
operation of any predecessors, the
securities are subject to a minimal
or low amount of credit risk.
Also, purchases of municipal securities may
not be designated as group sales or otherwise
allocated to the account of any prohibited
seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering The securities are sold in an offering where
(a) the securities are offered or sold in
transactions exempt from registration
under Section 4(2) of the Securities Act
of 1933, Rule 144A thereunder, or Rules
501-508 thereunder;
(b) the securities were sold to persons that
the seller and any person acting on behalf
of the seller reasonably believe to
include qualified institutional buyers, as
defined in Rule 144A ("QIBs"); and
(c) the seller and any person acting on behalf
of the seller reasonably believe that the
securities are eligible for resale to
other QIBs pursuant to Rule 144A.
Government Securities Offering The security is issued or guaranteed as to
principal or interest by the United States, or
by a person controlled or supervised by and
acting as an instrumentality of the Government
of the United States pursuant to authority
granted by the Congress of the United States;
or any certificate of deposit for any of the
foregoing.
Rule 10f-3 Report - Definitions
TERM DEFINITION
U.S. Registered Public Offering. The securities offered are registered under
the Securities Act of 1933 that are being
offered to the public.
EX-99.77O RULE 10F-3
4
il77o.txt
PARTICIPATING FUNDS
[_] U.S. Registered Funds (Name of Fund, Aladdin Ticker):
ISHARES NATIONAL AMT-FREE MUNI BOND ETF (ISHMUNI)
BlackRock Strategic Municipal Opportunities Fund of BlackRock Series Trust
(BR-SMO-MAC)
BlackRock Municipal Income Investment Quality Trust (BAF)
BlackRock National Municipal Fund of Blackrock Municipal Bond Fund, Inc.
(BR-NATL)
BlackRock Long-Term Municipal Advantage Trust (BTA)
BlackRock Municipal Income Quality Trust (BYM)
BlackRock MuniEnhanced Fund, Inc. (MEN)
BlackRock MuniYield Quality Fund II, Inc. (MQT)
BlackRock MuniYield Quality Fund, Inc. (MQY)
BlackRock MuniHoldings Quality Fund II, Inc. (MUE)
BlackRock MuniVest Fund, Inc. (MVF)
BlackRock MuniYield Quality Fund III, Inc. (MYI)
THE OFFERING
KEY CHARACTERISTICS (COMPLETE ALL FIELDS)
Date of 11-19-2015
Offering Commencement:
Security Type: BND/MUNI
Issuer The Illinois State Toll Highway Authority-Toll
highway senior revenue bonds, 2015-B
Selling Underwriter SAMUEL A. RAMIREZ & CO., INC
Affiliated Underwriter(s) [X] PNC Capital Markets LLC
[_] Other:
List of Underwriter(s) Barclays Capital Inc, Ramirez & Co., Inc., J.P.
Morgan Securities LLC, Goldman, Sachs & Co, Fifth
Third Securities, Inc., Oppenheimer & Co., Piper
Jaffray & Co., PNC Capital Markets LLC, Stifel,
Nicolaus & Company, Inc.
TRANSACTION DETAILS
Date of Purchase 11-19-2015
Purchase Price/Share
(PER SHARE / % OF PAR) $112.243 Total Commission, Spread or Profit 0.2898
--------- ------
(3.54)
$111.795
(3.59)
$111.260
(3.65)
1. Aggregate Principal Amount Purchased (a+b) $42,000,000
-----------
a. US Registered Funds
(Appendix attached with individual Fund/Client purchase) $40,000,000
Page 1 of 2
Rule 10f-3 Report - Definitions
b. Other BlackRock Clients $ 2,000,000
2. Aggregate Principal Amount of Offering $400,000,000
------------
FUND RATIO
[Divide Sum of #1 by #2] 0.1050
Must be less than 0.25
LEGAL REQUIREMENTS
OFFERING TYPE (CHECK ONE)
The securities fall into one of the following transaction types (see
Definitions):
[_] U.S. Registered Public Offering... [Issuer must have 3 years of continuous
operations]
[_] Eligible Rule 144A Offering....... [Issuer must have 3 years of continuous
operations]
[X] Eligible Municipal Securities
[_] Eligible Foreign Offering......... [Issuer must have 3 years of continuous
operations]
[_] Government Securities Offering.... [Issuer must have 3 years of continuous
operations]
TIMING AND PRICE (CHECK ONE OR BOTH)
[X] The securities were purchased before the end of the first day on which any
sales were made, at a price that was not more than the price paid by each
other purchaser of securities in that offering or in any concurrent
offering of the securities; and
[_] If the securities are offered for subscription upon exercise of rights, the
securities were purchased on or before the fourth day before the day on
which the rights offering terminated.
FIRM COMMITMENT OFFERING (CHECK ONE)
[X] YES The securities were offered pursuant to an underwriting or similar
[_] NO agreement under which the underwriters were committed to purchase
all of the securities being offered, except those purchased by
others pursuant to a rights offering, if the underwriters purchased
any of the securities.
NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)
[X] YES No affiliated underwriter was a direct or indirect participant in,
[_] NO or benefited directly or indirectly from, the transaction.
Completed by: Dipankar Banerjee Date: 11-24-2015
------------------------------ ---------------
Global Syndicate Team Member
Approved by: Steven DeLaura Date: 11-24-2015
------------------------------ ---------------
Global Syndicate Team Member
Rule 10f-3 Report - Definitions
DEFINITIONS
TERM DEFINITION
Fund Ratio Number appearing at the bottom of page 1 of 2 of
the Rule 10f-3 Report form. It is the sum of the
Funds' participation in the offering by the Funds
and other accounts managed by BlackRock divided by
the total amount of the offering.
Eligible Foreign Offering The securities are sold in a public offering
conducted under the laws of a country other than
the United States and
(a) the offering is subject to regulation in such
country by a "foreign financial regulatory
authority," as defined in Section 2(a)(50) of
the Investment Company Act of 1940;
(b) the securities were offered at a fixed price to
all purchasers in the offering (except for any
rights to purchase securities that are required
by law to be granted to existing security
holders of the issuer);
(c) financial statements, prepared and audited as
required or permitted by the appropriate
foreign financial regulatory authority in such
country, for the two years prior to the
offering, were made available to the public and
prospective purchasers in connection with the
offering; and
(d) if the issuer is a "domestic issuer," i.e.,
other than a foreign government, a national of
any foreign country, or a corporation or other
organization incorporated or organized under
the laws of any foreign country, it (1) has a
class of securities registered pursuant to
section 12(b) or 12(g) of the Securities
Exchange Act of 1934 or is required to file
reports pursuant to section 15(d) of that act,
and (2) has filed all the material required to
be filed pursuant to section 13(a) or 15(d) of
that act for a period of at least 12 months
immediately preceding the sale of securities
(or for such shorter period that the issuer was
required to file such material)
Rule 10f-3 Report - Definitions
TERM DEFINITION
Eligible Municipal Securities The securities:
(a) are direct obligations of, or obligations
guaranteed as to principal or interest by, a
State or any political subdivision thereof, or
any agency or instrumentality of a State or
any political subdivision thereof, or any
municipal corporate instrumentality of one or
more States, or any security which is an
industrial development bond (as defined in
section 103(c)(2) of Title 26) the interest on
which is excludable from gross income under
certain provisions of the Internal Revenue
Code;
(b) are sufficiently liquid that they can be
sold at or near their carrying value within a
reasonably short period of time; and
(c) either
(1) are subject to no greater than moderate
credit risk; or
(2) if the issuer of the municipal securities,
or the entity supplying the revenues or other
payments from which the issue is to be paid,
has been in continuous operation for less than
three years, including the operation of any
predecessors, the securities are subject to a
minimal or low amount of credit risk.
Also, purchases of municipal securities may
not be designated as group sales or otherwise
allocated to the account of any prohibited
seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering The securities are sold in an offering where
(a) the securities are offered or sold in
transactions exempt from registration
under Section 4(2) of the Securities Act
of 1933, Rule 144A thereunder, or Rules
501-508 thereunder;
(b) the securities were sold to persons that
the seller and any person acting on behalf
of the seller reasonably believe to
include qualified institutional buyers, as
defined in Rule 144A ("QIBs"); and
(c) the seller and any person acting on behalf
of the seller reasonably believe that the
securities are eligible for resale to
other QIBs pursuant to Rule 144A.
Government Securities Offering The security is issued or guaranteed as to
principal or interest by the United States, or
by a person controlled or supervised by and
acting as an instrumentality of the Government
of the United States pursuant to authority
granted by the Congress of the United States;
or any certificate of deposit for any of the
foregoing.
Rule 10f-3 Report - Definitions
TERM DEFINITION
U.S. Registered Public Offering. The securities offered are registered under
the Securities Act of 1933 that are being
offered to the public.
EX-99.77O RULE 10F-3
5
inpwr77o.txt
PARTICIPATING FUNDS
[_] U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BLACKROCK MUNI INTERMEDIATE DURATION FUND, INC. (MUI)
BLACKROCK NATIONAL MUNICIPAL FUND OF BLACKROCK MUNICIPAL BOND FUND, INC.
(BR-NATL)
THE OFFERING
KEY CHARACTERISTICS (COMPLETE ALL FIELDS)
Date of 12-11-2015
Offering Commencement:
Security Type: BND/MUNI
Issuer Indiana Municipal Power Agency Power System
Refunding Revenue bonds, 2016 Series A
Selling Underwriter Citigroup Global Markets Inc
Affiliated Underwriter(s) [X] PNC Capital Markets LLC
[_] Other:
List of Underwriter(s) Citigroup Global Markets Inc., Bank of America
Merrill Lynch, Barclays Capital Inc, Citi
Securities Corp., Goldman, Sachs & Co, J.P.Morgan
Securities LLC, PNC Capital Markets LLC, U.S.
Bancorp Investments, Inc.
TRANSACTION DETAILS
Date of Purchase 12-11-2015
Purchase Price/Share $117.359
(PER SHARE / % OF PAR) $114.465 Total Commission, Spread or Profit 0.3994
--------- ------
1. Aggregate Principal Amount Purchased (a+b) $ 61,060,000
------------
a. US Registered Funds
(Appendix attached with individual Fund/Client purchase) $ 56,000,000
b. Other BlackRock Clients 5,060,000
2. Aggregate Principal Amount of Offering $366,350,000
------------
FUND RATIO
[Divide Sum of #1 by #2] 0.1667
Must be less than 0.25
LEGAL REQUIREMENTS
OFFERING TYPE (CHECK ONE)
The securities fall into one of the following transaction types (see
Definitions):
[_] U.S. Registered Public Offering... [Issuer must have 3 years of continuous
operations]
Page 1 of 2
Rule 10f-3 Report - Definitions
[_] Eligible Rule 144A Offering....... [Issuer must have 3 years of continuous
operations]
[X] Eligible Municipal Securities
[_] Eligible Foreign Offering......... [Issuer must have 3 years of continuous
operations]
[_] Government Securities Offering.... [Issuer must have 3 years of continuous
operations]
TIMING AND PRICE (CHECK ONE OR BOTH)
[X] The securities were purchased before the end of the first day on which any
sales were made, at a price that was not more than the price paid by each
other purchaser of securities in that offering or in any concurrent
offering of the securities; and
[_] If the securities are offered for subscription upon exercise of rights, the
securities were purchased on or before the fourth day before the day on
which the rights offering terminated.
FIRM COMMITMENT OFFERING (CHECK ONE)
[X] YES The securities were offered pursuant to an underwriting or similar
[_] NO agreement under which the underwriters were committed to purchase
all of the securities being offered, except those purchased by
others pursuant to a rights offering, if the underwriters purchased
any of the securities.
NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)
[X] YES No affiliated underwriter was a direct or indirect participant in,
[_] NO or benefited directly or indirectly from, the transaction.
Completed by: Dipankar Banerjee Date: 12-23-2015
------------------------------- --------------
Global Syndicate Team Member
Approved by: Betsy Mathews, Steven DeLaura Date: 12-23-2015
------------------------------- --------------
Global Syndicate Team Member
DEFINITIONS
Rule 10f-3 Report - Definitions
TERM DEFINITION
Fund Ratio Number appearing at the bottom of page 1 of 2 of
the Rule 10f-3 Report form. It is the sum of the
Funds' participation in the offering by the Funds
and other accounts managed by BlackRock divided by
the total amount of the offering.
Eligible Foreign Offering The securities are sold in a public offering
conducted under the laws of a country other than
the United States and
(a) the offering is subject to regulation in such
country by a "foreign financial regulatory
authority," as defined in Section 2(a)(50) of
the Investment Company Act of 1940;
(b) the securities were offered at a fixed price to
all purchasers in the offering (except for any
rights to purchase securities that are required
by law to be granted to existing security
holders of the issuer);
(c) financial statements, prepared and audited as
required or permitted by the appropriate
foreign financial regulatory authority in such
country, for the two years prior to the
offering, were made available to the public and
prospective purchasers in connection with the
offering; and
(d) if the issuer is a "domestic issuer," i.e.,
other than a foreign government, a national of
any foreign country, or a corporation or other
organization incorporated or organized under
the laws of any foreign country, it (1) has a
class of securities registered pursuant to
section 12(b) or 12(g) of the Securities
Exchange Act of 1934 or is required to file
reports pursuant to section 15(d) of that act,
and (2) has filed all the material required to
be filed pursuant to section 13(a) or 15(d) of
that act for a period of at least 12 months
immediately preceding the sale of securities
(or for such shorter period that the issuer was
required to file such material)
Rule 10f-3 Report - Definitions
TERM DEFINITION
Eligible Municipal Securities The securities:
(a) are direct obligations of, or obligations
guaranteed as to principal or interest by,
a State or any political subdivision
thereof, or any agency or instrumentality
of a State or any political subdivision
thereof, or any municipal corporate
instrumentality of one or more States, or
any security which is an industrial
development bond (as defined in section
103(c)(2) of Title 26) the interest on
which is excludable from gross income
under certain provisions of the Internal
Revenue Code;
(b) are sufficiently liquid that they can be
sold at or near their carrying value
within a reasonably short period of time;
and
(c) either
(1) are subject to no greater than
moderate credit risk; or
(2) if the issuer of the municipal
securities, or the entity supplying
the revenues or other payments from
which the issue is to be paid, has
been in continuous operation for less
than three years, including the
operation of any predecessors, the
securities are subject to a minimal
or low amount of credit risk.
Also, purchases of municipal securities may
not be designated as group sales or otherwise
allocated to the account of any prohibited
seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering The securities are sold in an offering where
(a) the securities are offered or sold in
transactions exempt from registration
under Section 4(2) of the Securities Act
of 1933, Rule 144A thereunder, or Rules
501-508 thereunder;
(b) the securities were sold to persons that
the seller and any person acting on behalf
of the seller reasonably believe to
include qualified institutional buyers, as
defined in Rule 144A ("QIBs"); and
(c) the seller and any person acting on behalf
of the seller reasonably believe that the
securities are eligible for resale to
other QIBs pursuant to Rule 144A.
Government Securities Offering The security is issued or guaranteed as to
principal or interest by the United States, or
by a person controlled or supervised by and
acting as an instrumentality of the Government
of the United States pursuant to authority
granted by the Congress of the United States;
or any certificate of deposit for any of the
foregoing.
Rule 10f-3 Report - Definitions
TERM DEFINITION
U.S. Registered Public Offering. The securities offered are registered under
the Securities Act of 1933 that are being
offered to the public.
EX-99.77O RULE 10F-3
6
nc77o.txt
PARTICIPATING FUNDS
[_] U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock National Municipal Fund of Blackrock Municipal Bond Fund, Inc.
(BR-NATL)
THE OFFERING
KEY CHARACTERISTICS (COMPLETE ALL FIELDS)
Date of 11-12-2015
Offering Commencement:
Security Type: BND/MUNI
Issuer North Carolina Agricultural & Technical State
University Series 2015-A
Selling Underwriter Wells Fargo Securities, LLC
Affiliated Underwriter(s) [X] PNC Capital Markets LLC
[_] Other:
List of Underwriter(s) Wells Fargo Securities, LLC, Blaylock Beal Van,
LLC, PNC Capital Markets LLC, SunTrust Robinson
Humphrey
TRANSACTION DETAILS
Date of Purchase 11-12-2015
Purchase Price/Share
(PER SHARE / % OF PAR) $110.647 Total Commission, Spread or Profit 0.339
--------- -----
1. Aggregate Principal Amount Purchased (a+b) $ 4,675,000
-----------
a. US Registered Funds
(Appendix attached with individual Fund/Client purchase) $ 4,000,000
b. Other BlackRock Clients $ 675,000
2. Aggregate Principal Amount of Offering $76,980,000
-----------
FUND RATIO
[Divide Sum of #1 by #2] 0.06073
Must be less than 0.25
LEGAL REQUIREMENTS
OFFERING TYPE (CHECK ONE)
The securities fall into one of the following transaction types (see
Definitions):
[_] U.S. Registered Public Offering... [Issuer must have 3 years of continuous
operations]
[_] Eligible Rule 144A Offering....... [Issuer must have 3 years of continuous
operations]
[X] Eligible Municipal Securities
[_] Eligible Foreign Offering......... [Issuer must have 3 years of continuous
operations]
Page 1 of 2
Rule 10f-3 Report - Definitions
[_] Government Securities Offering.... [Issuer must have 3 years of continuous
operations]
TIMING AND PRICE (CHECK ONE OR BOTH)
[X] The securities were purchased before the end of the first day on which any
sales were made, at a price that was not more than the price paid by each
other purchaser of securities in that offering or in any concurrent
offering of the securities; and
[_] If the securities are offered for subscription upon exercise of rights, the
securities were purchased on or before the fourth day before the day on
which the rights offering terminated.
FIRM COMMITMENT OFFERING (CHECK ONE)
[X] YES The securities were offered pursuant to an underwriting or similar
[_] NO agreement under which the underwriters were committed to purchase
all of the securities being offered, except those purchased by
others pursuant to a rights offering, if the underwriters purchased
any of the securities.
NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)
[X] YES No affiliated underwriter was a direct or indirect participant in,
[_] NO or benefited directly or indirectly from, the transaction.
Completed by: Dipankar Banerjee Date: 12-23-2015
------------------------------- --------------
Global Syndicate Team Member
Approved by: Betsy Mathews, Steven Delaura Date: 12-23-2015
------------------------------- --------------
Global Syndicate Team Member
DEFINITIONS
TERM DEFINITION
Fund Ratio Number appearing at the bottom of page 1 of 2 of
the Rule 10f-3 Report form. It is the sum of the
Funds' participation in the offering by the Funds
and other accounts managed by BlackRock divided by
the total amount of the offering.
Rule 10f-3 Report - Definitions
TERM DEFINITION
Eligible Foreign Offering The securities are sold in a public offering
conducted under the laws of a country other than
the United States and
(a) the offering is subject to regulation in such
country by a "foreign financial regulatory
authority," as defined in Section 2(a)(50) of
the Investment Company Act of 1940;
(b) the securities were offered at a fixed price to
all purchasers in the offering (except for any
rights to purchase securities that are required
by law to be granted to existing security
holders of the issuer);
(c) financial statements, prepared and audited as
required or permitted by the appropriate
foreign financial regulatory authority in such
country, for the two years prior to the
offering, were made available to the public and
prospective purchasers in connection with the
offering; and
(d) if the issuer is a "domestic issuer," i.e.,
other than a foreign government, a national of
any foreign country, or a corporation or other
organization incorporated or organized under
the laws of any foreign country, it (1) has a
class of securities registered pursuant to
section 12(b) or 12(g) of the Securities
Exchange Act of 1934 or is required to file
reports pursuant to section 15(d) of that act,
and (2) has filed all the material required to
be filed pursuant to section 13(a) or 15(d) of
that act for a period of at least 12 months
immediately preceding the sale of securities
(or for such shorter period that the issuer was
required to file such material)
Rule 10f-3 Report - Definitions
TERM DEFINITION
Eligible Municipal Securities The securities:
(a) are direct obligations of, or obligations
guaranteed as to principal or interest by,
a State or any political subdivision
thereof, or any agency or instrumentality
of a State or any political subdivision
thereof, or any municipal corporate
instrumentality of one or more States, or
any security which is an industrial
development bond (as defined in
section 103(c)(2) of Title 26) the
interest on which is excludable from gross
income under certain provisions of the
Internal Revenue Code;
(b) are sufficiently liquid that they can be
sold at or near their carrying value
within a reasonably short period of time;
and
(c) either
(1) are subject to no greater than
moderate credit risk; or
(2) if the issuer of the municipal
securities, or the entity supplying
the revenues or other payments from
which the issue is to be paid, has
been in continuous operation for less
than three years, including the
operation of any predecessors, the
securities are subject to a minimal
or low amount of credit risk.
Also, purchases of municipal securities may
not be designated as group sales or otherwise
allocated to the account of any prohibited
seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering The securities are sold in an offering where
(a) the securities are offered or sold in
transactions exempt from registration
under Section 4(2) of the Securities Act
of 1933, Rule 144A thereunder, or Rules
501-508 thereunder;
(b) the securities were sold to persons that
the seller and any person acting on behalf
of the seller reasonably believe to
include qualified institutional buyers, as
defined in Rule 144A ("QIBs"); and
(c) the seller and any person acting on behalf
of the seller reasonably believe that the
securities are eligible for resale to
other QIBs pursuant to Rule 144A.
Government Securities Offering The security is issued or guaranteed as to
principal or interest by the United States, or
by a person controlled or supervised by and
acting as an instrumentality of the Government
of the United States pursuant to authority
granted by the Congress of the United States;
or any certificate of deposit for any of the
foregoing.
Rule 10f-3 Report - Definitions
TERM DEFINITION
U.S. Registered Public Offering. The securities offered are registered under
the Securities Act of 1933 that are being
offered to the public.
EX-99.77Q1 OTHR EXHB
7
stmuni77q1a.txt
BlackRock Municipal Bond Fund, Inc. (the "Registrant")
------------------------------------------------------
BlackRock Short-Term Municipal Fund
77Q1(a):
Copies of any material amendments to the Registrant's charter or by-laws
Attached please find as an exhibit to Sub-Item 77Q1(a) of Form N-SAR, a copy of
the Articles of Amendment, dated August 31, 2015, and filed with the State
Department of Assessments and Taxation of the State of Maryland.
EXHIBIT 77Q1(A)
BLACKROCK MUNICIPAL BOND FUND, INC.
ARTICLES OF AMENDMENT
BLACKROCK MUNICIPAL BOND FUND, INC., a Maryland corporation (the
"Corporation"), does hereby certify to the State Department of Assessments and
Taxation of the State of Maryland that:
FIRST: Pursuant to Section 2-605 of the Maryland General Corporation Law
-----
(the "MGCL"), the charter of the Corporation is hereby amended by renaming the
class of stock of the BlackRock Short-Term Municipal Fund series of the
Corporation as set forth below:
CURRENT NAME OF CLASS OF NEW NAME OF CLASS OF
BLACKROCK SHORT-TERM MUNICIPAL FUND BLACKROCK SHORT-TERM MUNICIPAL FUND
----------------------------------- -----------------------------------
BlackRock Common Stock Class K Common Stock
SECOND: The amendment to the charter of the Corporation that is effected by
------
these Articles of Amendment has been approved by a majority of the entire board
of directors of the Corporation and is limited to a change expressly authorized
by Section 2-605(a)(2) of the MGCL to be made without action by the
stockholders of the Corporation.
THIRD: The authorized stock of the Corporation has not been increased by
-----
these Articles of Amendment.
FOURTH: As amended hereby, the charter of the Corporation shall remain in
------
full force and effect.
- 2 -
IN WITNESS WHEREOF, BLACKROCK MUNICIPAL BOND FUND, INC., has caused these
Articles of Amendment to be signed in its name and on its behalf by the person
named below who acknowledges that these Articles of Amendment are the act of
the Corporation and that, as to all matters and facts required to be verified
under oath and to the best of his knowledge, information and belief under the
penalties of perjury, the matters and facts set forth herein are true in all
material respects, as of this 31st day of August 2015.
BLACKROCK MUNICIPAL BOND FUND, INC.
By: /s/ John M. Perlowski
----------------------------------------
Name: John M. Perlowski
Title: President and Chief Executive Officer
Witness:
/s/ Benjamin Archibald
----------------------------
Name: Benjamin Archibald
Title: Secretary
- 3 -
EX-99.77O RULE 10F-3
8
wayne77o.txt
PARTICIPATING FUNDS
[_] U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock Allocation Target Shares : Series E Portfolio (BATSE)
BlackRock National Municipal Fund of Blackrock Municipal Bond Fund, Inc.
(BR-NATL)
BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)
THE OFFERING
KEY CHARACTERISTICS (COMPLETE ALL FIELDS)
Date of 09-23-2015
Offering Commencement:
Security Type: BND/MUNI
Issuer WAYNE COUNTY Revenue Bonds Series 2015D
Selling Underwriter Citigroup Global Markets Inc
Affiliated Underwriter(s) [X] PNC Capital Markets LLC
[_] Other:
List of Underwriter(s) Citigroup Global Markets Inc, J.P. Morgan
Securities LLC, Bank of America Merrill Lynch, PNC
Capital Markets LLC, Loop Capital Markets, Siebert
Brandford Shank & Co., Wells Fargo Securities
TRANSACTION DETAILS
Date of Purchase 09-23-2015
Purchase Price/Share $108.255,
(PER SHARE / % OF PAR) $107.651, Total Commission, Spread or Profit 0.1045%
---------- -------
1. Aggregate Principal Amount Purchased (a+b) $ 13,000,000
------------
a. US Registered Funds
(Appendix attached with individual Fund/Client purchase) $ 13,000,000
b. Other BlackRock Clients N/A
2. Aggregate Principal Amount of Offering $213,330,000
------------
FUND RATIO
[Divide Sum of #1 by #2]
Must be less than 0.25 0.0609
LEGAL REQUIREMENTS
OFFERING TYPE (CHECK ONE)
The securities fall into one of the following transaction types (see
Definitions):
Page 1 of 2
Rule 10f-3 Report - Definitions
[_] U.S. Registered Public Offering... [Issuer must have 3 years of continuous
operations]
[_] Eligible Rule 144A Offering....... [Issuer must have 3 years of continuous
operations]
[X] Eligible Municipal Securities
[_] Eligible Foreign Offering......... [Issuer must have 3 years of continuous
operations]
[_] Government Securities Offering.... [Issuer must have 3 years of continuous
operations]
TIMING AND PRICE (CHECK ONE OR BOTH)
[X] The securities were purchased before the end of the first day on which any
sales were made, at a price that was not more than the price paid by each
other purchaser of securities in that offering or in any concurrent
offering of the securities; and
[_] If the securities are offered for subscription upon exercise of rights, the
securities were purchased on or before the fourth day before the day on
which the rights offering terminated.
FIRM COMMITMENT OFFERING (CHECK ONE)
[X] YES The securities were offered pursuant to an underwriting or similar
[_] NO agreement under which the underwriters were committed to purchase
all of the securities being offered, except those purchased by
others pursuant to a rights offering, if the underwriters purchased
any of the securities.
NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)
[X] YES No affiliated underwriter was a direct or indirect participant in,
[_] NO or benefited directly or indirectly from, the transaction.
Completed by: Dipankar Banerjee Date: 10-06-2015
------------------------------- --------------
Global Syndicate Team Member
Approved by: Betsy Mathews, Steven DeLaura Date: 10-06-2015
------------------------------- --------------
Global Syndicate Team Member
DEFINITIONS
TERM DEFINITION
Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3
Report form. It is the sum of the Funds' participation in the
offering by the Funds and other accounts managed by BlackRock
divided by the total amount of the offering.
Rule 10f-3 Report - Definitions
TERM DEFINITION
Eligible Foreign Offering The securities are sold in a public offering
conducted under the laws of a country other than
the United States and
(a) the offering is subject to regulation in such
country by a "foreign financial regulatory
authority," as defined in Section 2(a)(50) of
the Investment Company Act of 1940;
(b) the securities were offered at a fixed price to
all purchasers in the offering (except for any
rights to purchase securities that are required
by law to be granted to existing security
holders of the issuer);
(c) financial statements, prepared and audited as
required or permitted by the appropriate
foreign financial regulatory authority in such
country, for the two years prior to the
offering, were made available to the public and
prospective purchasers in connection with the
offering; and
(d) if the issuer is a "domestic issuer," i.e.,
other than a foreign government, a national of
any foreign country, or a corporation or other
organization incorporated or organized under
the laws of any foreign country, it (1) has a
class of securities registered pursuant to
section 12(b) or 12(g) of the Securities
Exchange Act of 1934 or is required to file
reports pursuant to section 15(d) of that act,
and (2) has filed all the material required to
be filed pursuant to section 13(a) or 15(d) of
that act for a period of at least 12 months
immediately preceding the sale of securities
(or for such shorter period that the issuer was
required to file such material)
Rule 10f-3 Report - Definitions
TERM DEFINITION
Eligible Municipal Securities The securities:
(a) are direct obligations of, or obligations
guaranteed as to principal or interest by,
a State or any political subdivision
thereof, or any agency or instrumentality
of a State or any political subdivision
thereof, or any municipal corporate
instrumentality of one or more States, or
any security which is an industrial
development bond (as defined in section
103(c)(2) of Title 26) the interest on
which is excludable from gross income
under certain provisions of the Internal
Revenue Code;
(b) are sufficiently liquid that they can be
sold at or near their carrying value
within a reasonably short period of time;
and
(c) either
(1) are subject to no greater than
moderate credit risk; or
(2) if the issuer of the municipal
securities, or the entity supplying
the revenues or other payments from
which the issue is to be paid, has
been in continuous operation for less
than three years, including the
operation of any predecessors, the
securities are subject to a minimal
or low amount of credit risk.
Also, purchases of municipal securities may
not be designated as group sales or otherwise
allocated to the account of any prohibited
seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering The securities are sold in an offering where
(a) the securities are offered or sold in
transactions exempt from registration
under Section 4(2) of the Securities Act
of 1933, Rule 144A thereunder, or Rules
501-508 thereunder;
(b) the securities were sold to persons that
the seller and any person acting on behalf
of the seller reasonably believe to
include qualified institutional buyers, as
defined in Rule 144A ("QIBs"); and
(c) the seller and any person acting on behalf
of the seller reasonably believe that the
securities are eligible for resale to
other QIBs pursuant to Rule 144A.
Government Securities Offering The security is issued or guaranteed as to
principal or interest by the United States, or
by a person controlled or supervised by and
acting as an instrumentality of the Government
of the United States pursuant to authority
granted by the Congress of the United States;
or any certificate of deposit for any of the
foregoing.
Rule 10f-3 Report - Definitions
TERM DEFINITION
U.S. Registered Public Offering. The securities offered are registered under
the Securities Act of 1933 that are being
offered to the public.