CEF Weekly Update
The CEF merger train rolls on.
Merge, Merge, Merge
BlackRock announced board approval of the merger of three taxable fixed-income funds. BlackRock Income Opportunity (BNA) and BlackRock Income (BKT) will merge with BlackRock Core Bond (BHK). The merger is subject to shareholder approval and expected to complete in late 2014.
Nuveen announced the completion of a merger of a number of California state municipal funds. For more information about the transactions, read the press release here.
Cara Esser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.