EX-99.(1)(AA) 2 d815584dex991aa.htm ARTICLES SUPPLEMENTARY RECLASSIFYING SHARES OF COMMON STOCK Articles Supplementary Reclassifying Shares of Common Stock

Exhibit 1(aa)

BLACKROCK MUNICIPAL BOND FUND, INC.

ARTICLES SUPPLEMENTARY

BLACKROCK MUNICIPAL BOND FUND, INC., a Maryland corporation (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of the State of Maryland that:

FIRST: The Corporation is registered as an open-ended company under the Investment Company Act of 1940, as amended, with the authority to issue Six Billion Four Hundred Seventy-Five Million (6,475,000,000) shares of capital stock as follows:

 

Series and Classes

   Number of Authorized Shares

BlackRock National Municipal Fund

  

Investor A Common Stock

   800,000,000

Investor B Common Stock

   175,000,000

Investor C Common Stock

   375,000,000

Investor C1 Common Stock

   375,000,000

Institutional Common Stock

   800,000,000

Class K Common Stock

   375,000,000

Service Common Stock

   375,000,000

BlackRock Short-Term Municipal Fund

  

Investor A Common Stock

   150,000,000

Investor A1 Common Stock

   150,000,000

Investor C Common Stock

   150,000,000

Institutional Common Stock

   150,000,000

Class K Common Stock

   150,000,000

Service Common Stock

   150,000,000

BlackRock High Yield Municipal Fund

  

Investor A Common Stock

   100,000,000

Investor C Common Stock

   100,000,000

Institutional Common Stock

   100,000,000

Class K Common Stock

   2,000,000,000

Total:

   6,475,000,000

All shares of all classes of the capital stock of the Corporation have a par value of Ten Cents ($0.10) per share and an aggregate par value of Six Hundred Forty-Seven Million Five Hundred Thousand Dollars ($647,500,000).

SECOND: Pursuant to authority expressly vested in the Board of Directors of the Corporation by Section 2-105(c) of the Maryland General Corporation Law and the Corporation’s charter, the Board of Directors hereby reclassifies all of BlackRock National Municipal Fund Investor B Common Stock as BlackRock National Municipal Fund Class K Common Stock.


THIRD: After the reclassification of authorized shares of capital stock of the Corporation set forth herein, the Corporation will have the authority to issue Six Billion Four Hundred Seventy-Five Million (6,475,000,000) shares of capital stock as follows:

 

Series and Classes

   Number of Authorized Shares

BlackRock National Municipal Fund

  

Investor A Common Stock

   800,000,000

Investor C Common Stock

   375,000,000

Investor C1 Common Stock

   375,000,000

Institutional Common Stock

   800,000,000

Class K Common Stock

   550,000,000

Service Common Stock

   375,000,000

BlackRock Short-Term Municipal Fund

  

Investor A Common Stock

   150,000,000

Investor A1 Common Stock

   150,000,000

Investor C Common Stock

   150,000,000

Institutional Common Stock

   150,000,000

Class K Common Stock

   150,000,000

Service Common Stock

   150,000,000

BlackRock High Yield Municipal Fund

  

Investor A Common Stock

   100,000,000

Investor C Common Stock

   100,000,000

Institutional Common Stock

   100,000,000

Class K Common Stock

   2,000,000,000

Total:

   6,475,000,000

All shares of capital stock of the Corporation will have a par value of Ten Cents ($0.10) per share and an aggregate par value of Six Hundred Forty-Seven Million Five Hundred Thousand Dollars ($647,500,000).

FOURTH: All of the shares of the Corporation’s capital stock continue to have the same preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption as currently set forth in the Corporation’s charter.

[signatures on the next page]

 

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IN WITNESS WHEREOF, BLACKROCK MUNICIPAL BOND FUND, INC. has caused these Articles Supplementary to be signed in its name and on its behalf by the person named below who acknowledges that these Articles Supplementary 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 28th day of November 2018.

 

ATTEST:     BLACKROCK MUNICIPAL BOND FUND, INC.

/s/ Benjamin Archibald

    By:  

/s/ John M. Perlowski

Benjamin Archibald       John M. Perlowski
Secretary       President and Chief Executive Officer

 

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