Fitch Rates BlackRock Muni Intermediate Duration Fund's VRDP Shares 'AAA/F1+'.
Business Wire › March 18, 2011
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Fitch Rates BlackRock Muni Intermediate Duration Fund's VRDP Shares 'AAA/F1+'.
NEW YORK -- Fitch Ratings has assigned 'AAA/F1+' ratings to the following Variable Rate Demand Preferred Shares (VRDP Shares) issued by BlackRock Muni Intermediate Duration Fund, Inc. (NYSE:MUI), a municipal closed-end fund managed by BlackRock Advisors, LLC:
--Series W-7, in an amount of $287,100,000 with a liquidation preference of $100,000 per share.The closing date for the VRDP Shares was March 17, 2011. MUI will use the proceeds from the sale of the VRDP Shares to fully redeem outstanding auction market preferred shares (AMPS). As of March 15, 2011, MUI's pr...See the full content of this document
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