Name | Value |
---|---|
Revenues | 7,530.8K |
Cost of Revenue | 0.0K |
Gross Profit | 7,530.8K |
Operating Expense | 9,839.6K |
Operating I/L | 6,569.2K |
Other Income/Expense | -10,763.7K |
Interest Income | 0.0K |
Pretax | -4,194.5K |
Income Tax Expense | -12,649.3K |
Net Income/Loss | -4,194.5K |
BlackRock MuniAssets Fund, Inc., a closed-ended fixed income mutual fund managed by BlackRock Advisors, LLC, focuses on investing in fixed income markets to provide current income exempt from federal income taxes. The fund primarily invests in a portfolio of medium-to-lower grade or unrated municipal obligations, the interest on which is exempt from federal income taxes. Its main source of revenue comes from the interest income generated by its investments in municipal bonds, allowing it to offer tax-exempt income to its investors.