# EDGAR Filing Document

**Accession Number:** 0000835948
**File Stem:** 0001193125-25-182920
**Filing Date:** 2025-8
**Character Count:** 17124
**Document Hash:** 4b47643cd9fd97c3913d8ba0013e5b27
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-182920.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0001193125-25-182920

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20250819

**DATE AS OF CHANGE**: 20250818

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK MUNIVEST FUND, INC.
- **CENTRAL INDEX KEY:** 0000835948

**ORGANIZATION NAME:**
- **EIN:** 222919170
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-84566
- **FILM NUMBER:** 251229504

**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:** BLACKROCK MUNIVEST FUND INC
- **DATE OF NAME CHANGE:** 20061026

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNIVEST FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNIPLUS FUND INC
- **DATE OF NAME CHANGE:** 19880913
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK MUNIVEST FUND, INC.
- **CENTRAL INDEX KEY:** 0000835948
- **STANDARD INDUSTRIAL CLASSIFICATION:** UNKNOWN SIC - 0000 [0000]

**ORGANIZATION NAME:**
- **EIN:** 222919170
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**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:** BLACKROCK MUNIVEST FUND INC
- **DATE OF NAME CHANGE:** 20061026

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNIVEST FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNIPLUS FUND INC
- **DATE OF NAME CHANGE:** 19880913

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

**SCHEDULE TO** 

**TENDER OFFER STATEMENT** 

**Under Section 14(d)(1) or 13(e)(1)** 

**of the Securities Exchange Act of 1934** 

**(Amendment No. 2)** 

## BlackRock MuniVest Fund, Inc.
**(Name of Subject Company (Issuer))** 

**(Names of Filing Person(s) (Issuer))** 

**Shares of Common Stock, Par Value $0.10 per share** 

**(Title of Class of Securities)** 

**09253R105** 

**(CUSIP Number of Class of Securities)** 

**John M. Perlowski** 

**BlackRock MuniVest Fund, Inc.** 

**50 Hudson Yards** 

**New York, New York 10001** 

**(800) 882-0052** 

**(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Person(s))** 

***Copies to:***

---

| | |
|:---|:---|
| **Margery K. Neale, Esq.** | **Janey Ahn, Esq.** |
| **Willkie Farr & Gallagher LLP** | **BlackRock Advisors, LLC** |
| **787 Seventh Avenue** | **50 Hudson Yards** |
| **New York, New York 10019** | **New York, New York 10001** |

---

**July 15, 2025** 

**(Date Tender Offer First Published, Sent or Given to Security Holders)** 

☐ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which this statement relates:

☐ third-party tender offer subject to Rule 14d-1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☒ issuer tender offer subject to Rule 13e-4.

☐ going-private transaction subject to Rule 13e-3.

☐ amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer. ☒

------

This Amendment No. 2 (this "Final Amendment") relates to the Issuer Tender Offer Statement on Schedule TO originally filed on July 15, 2025, as amended and supplemented by Amendment No. 1 to the Issuer Tender Offer Statement on Schedule TO filed on August 18, 2025 (together, the "Schedule TO"), by BlackRock MuniVest Fund, Inc., a Maryland corporation (the "Fund"), pursuant to Rule 13e-4 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in connection with an offer by the Fund (the "Offer") to repurchase 2.5% of its issued and outstanding shares of common stock, par value $0.10 per share (the "Shares"), in exchange for cash at a price equal to 98% of the net asset value ("NAV") per Share determined as of the close of the regular trading session of the New York Stock Exchange, the principal market on which the Shares are traded, on the next day the NAV is calculated after the Offer expires, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated July 15, 2025 (the "Offer to Purchase"), and in the related Letter of Transmittal, copies of which were previously filed as Exhibits (a)(1)(i) and (a)(1)(ii), respectively, to the Schedule TO.

This is the Final Amendment to the Schedule TO and is being filed to report the results of the Offer and to update Item 12 of the Schedule TO to include a press release announcing the final results of the Offer. A copy of the press release is attached hereto as Exhibit (a)(5)(iii). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Offer to Purchase or the Schedule TO.

The following information is furnished to satisfy the requirements of Rule 13e-4(c)(4) under the Exchange Act:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Offer expired at 5:00 p.m. Eastern time, on August 15, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Offer was oversubscribed. Therefore, in accordance with the terms of the Offer, the Fund will repurchase
Shares from all tendering stockholders on a pro rata basis, after disregarding fractions, based on the number of Shares properly tendered. 19,520,275 Shares of the Fund were validly tendered and not withdrawn prior to the expiration of the Offer,
and 1,433,392 of those Shares were accepted for repurchase by the Fund in accordance with the terms of the Offer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The Shares will be repurchased at a price of $6.9482, which is equal to 98% of the Fund's NAV per Share
as of August 18, 2025.

Except as specifically provided herein, the information contained in the Schedule TO, as amended, and the Letter of Transmittal remains unchanged, and this Final Amendment does not modify any of the information previously reported in the Schedule TO, as amended, or the Letter of Transmittal.

**Item 1 through Item 9 and Item 11** 

The information set forth in the Offer to Purchase and the related Letter of Transmittal is incorporated by reference into this Final Amendment in answer to Item 1 through Item 9 and Item 11 of the Schedule TO.

**Item 10.** **Financial Statements** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The [audited annual financial statements of the Fund dated July 31, 2024 and the schedule of investments of the Fund dated July 31, 2024, both filed with the SEC on EDGAR on Form N-CSR on October 3, 2024](http://www.sec.gov/Archives/edgar/data/835948/000119312524232007/d881665dncsr.htm), are incorporated by reference. The [unaudited semi-annual financial statements of the Fund dated January 31, 2025 and the schedule of investments of the Fund dated January 31, 2025, both filed with the SEC on EDGAR on Form N-CSRS on April 7, 2025](http://www.sec.gov/Archives/edgar/data/835948/000119312525074439/d888478dncsrs.htm), are incorporated by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

---

| | |
|:---|:---|
| **Item 12(a).** | **Exhibits**  |

---

---

| | |
|:---|:---|
| Item 12(a) | of the Schedule TO is hereby amended and supplemented to add the following exhibit:  |

---

(a)(5)(iii) [Press release issued on August 18, 2025 is filed herewith.](d94081dex99a5iii.htm)

---

| | |
|:---|:---|
| **Item 12(c).** | **Filing Fees**  |

---

[Filing Fee Exhibit is filed herewith.](d94081dexfilingfees.htm)

**Item 13.** **Information Required By Schedule 13E-3** <br>

Not applicable.

------

**SIGNATURE** 

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **BlackRock MuniVest Fund, Inc.** | **BlackRock MuniVest Fund, Inc.** |
| By: | /s/ John M. Perlowski |
|  | Name: John M. Perlowski |
|  | Title: President and Chief Executive Officer |
|  | Dated: August 18, 2025 |

---

------

**<u>Exhibit Index</u>**

---

| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| (a)(5)(iii) | [Press release issued on August 18, 2025](d94081dex99a5iii.htm) |
|  | [Filing Fee Exhibit](d94081dexfilingfees.htm) |

---

## Ex-99.(A)(5)(Iii)

**Exhibit (a)(5)(iii)**![LOGO](g94081g0701083151973.jpg)

**Contact:** 

**1-800-882-0052** 

**BlackRock MuniVest Fund, Inc. (MVF) Announces Final Results of Tender Offer** 

**New York, August 18, 2025** –BlackRock MuniVest Fund, Inc. (MVF) (the "Fund") announced today the final results of the Fund's tender offer ("Tender Offer") for up to 2.5% of its outstanding common shares (the "Shares").

The Tender Offer, which expired at 5:00 p.m. Eastern time on August 15, 2025, was oversubscribed for the Fund.

Therefore, in accordance with the terms and conditions of the Tender Offer, the Fund will purchase Shares from all tendering shareholders on a pro rata basis, after disregarding fractions, based on the number of Shares properly tendered ("Pro-Ration Factor"). The final results of the Tender Offer are provided in the table below.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fund Name** | **Ticker** | **CUSIP** | **Number of**<br>**Shares**<br>**Tendered** | **Number of**<br>**Tendered<br>Shares**<br>**to be<br>Purchased** | **Pro-Ration**<br>**Factor** | **Purchase**<br>**Price\*** |
|  BlackRock MuniVest Fund, Inc. | MVF | 09253R105 | 19520275 | 1433392 | 0.07343120 | 6.9482 |

---

\*Equal to 98% of the Fund's net asset value per Share as of the close of regular trading on the New York Stock Exchange on August 18, 2025 (the business day immediately following the expiration date of the Tender Offer).

Payments for Shares tendered and accepted are expected to be made within approximately five business days after the expiration date.

Questions regarding the Tender Offer may be directed to Georgeson LLC, the Information Agent for the Tender Offer, toll free at the number disclosed in the Fund's Offer to Purchase.

**Important Notice** 

This press release is for informational purposes only and shall not constitute a recommendation, an offer to purchase or a solicitation of an offer to sell any common shares of the Fund. The offer to purchase the Fund's common shares was made only pursuant to an offer to purchase, a related letter of transmittal and other documents filed with the U.S. Securities and Exchange Commission ("SEC") as exhibits to a tender offer statement on Schedule TO. Shareholders may obtain a free copy of the offer to purchase and other documents filed with the SEC at the website maintained by the SEC at www.sec.gov or by directing such requests to the Fund.

------

![LOGO](g94081g0701083151973.jpg)

**About BlackRock** 

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit <u>www.blackrock.com/corporate</u>

**Availability of Fund Updates** 

BlackRock will update performance and certain other data for the Fund on a monthly basis on its website in the "Closed-end Funds" section of <u>www.blackrock.com</u> as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Fund. This reference to BlackRock's website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate BlackRock's website in this release.

**Forward-Looking Statements** 

This press release, and other statements that BlackRock or the Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund's or BlackRock's future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate," "current," "intention," "estimate," "position," "assume," "outlook," "continue," "remain," "maintain," "sustain," "seek," "achieve," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may" or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in the Fund's net asset value; (2) the relative and absolute investment performance of the Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and

------

![LOGO](g94081g0701083151973.jpg)

regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock's ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Fund with the SEC are accessible on the SEC's website at **www.sec.gov** and on BlackRock's website at **www.blackrock.com**, and may discuss these or other factors that affect the Fund. The information contained on BlackRock's website is not a part of this press release.

##

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

 **Calculation of Filing Fee Tables** <br>

---

| | | | |
|:---|:---|:---|:---|
| | | **Transaction Valuation**  | **Amount of Filing Fee**  |
| Fees to be Paid |  |  |  |
| Fees Previously Paid | 1 | $10134084.80 | $1551.53 |
|  | Total Transaction Valuation: | $10134084.80  |  |
|  | Total Fees Due for Filing: |  | $1551.53  |
|  | Total Fees Previously Paid:  |  | $1551.53  |
|  | Total Fee Offsets:  |  | $0.00  |
|  | Net Fee Due:  |  | $0.00  |

---

 **Offering Note** <br>

<sup>1</sup> (1) The transaction value is calculated as the aggregate maximum purchase price for Shares that could be purchased, based upon the shares outstanding and net asset value of the Fund as of July 8, 2025. The fee of $1,551.53 was paid in connection with the filing of the Schedule TO-I by BlackRock MuniVest Fund, Inc. (File No. 005-84566) on July 15, 2025 (the "Schedule TO"). This is the final amendment to the Schedule TO and is being filed to report the results of the Offer. (2) Calculated at $153.10 per $1,000,000 of the Transaction Value.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | Registrant or Filer Name | Form or Filing Type | File Number | Initial Filing Date | Filing Date | Fee Offset Claimed | Fee Paid with Fee Offset Source |
| Fee Offset Claims | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Fee Offset Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |

---