Karpus Management, Inc. - Nov 7, 2023 Form 3 Insider Report for BLACKROCK MUNICIPAL INCOME FUND, INC. (MUI)

Role: 10%+ Owner
Signature: /s/ Daniel L. Lippincott, CFA, President and Chief Investment Officer
Stock symbol: MUI
Transactions as of: Nov 7, 2023
Transactions value $: $0
Form type: 3
Date filed: 11/9/2023, 11:35 AM
Next filing: Dec 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MUI	Common Stock						0	Nov 7, 2023	See footnotes	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus"), is a registered investment adviser to certain accounts that directly own securities of the issuer (the "Account Shares"). In such capacity, Karpus has voting and dispositive power over the Account Shares. As a result, Karpus may be deemed to beneficially own more than 10% of the issuer's outstanding shares of common stock for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). However, Karpus has no pecuniary interest in the Account Shares for purposes of Section 16 of the Exchange Act. Therefore, no securities of the issuer are reported on this Form 3 as being beneficially owned by Karpus.
F2	Karpus expressly disclaims any pecuniary interest in, and any beneficial ownership of, the Account Shares for purposes of Section 16 of the Exchange Act, and neither the filing of this statement nor any of its contents shall be deemed to be an admission by Karpus that it beneficially owns any securities of the issuer for any purpose.

Content

Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus"), is a registered investment adviser to certain accounts that directly own securities of the issuer (the "Account Shares"). In such capacity, Karpus has voting and dispositive power over the Account Shares. As a result, Karpus may be deemed to beneficially own more than 10% of the issuer's outstanding shares of common stock for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). However, Karpus has no pecuniary interest in the Account Shares for purposes of Section 16 of the Exchange Act. Therefore, no securities of the issuer are reported on this Form 3 as being beneficially owned by Karpus.

Karpus expressly disclaims any pecuniary interest in, and any beneficial ownership of, the Account Shares for purposes of Section 16 of the Exchange Act, and neither the filing of this statement nor any of its contents shall be deemed to be an admission by Karpus that it beneficially owns any securities of the issuer for any purpose.