UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number 811-05611

 

Name of Fund: BlackRock MuniVest Fund, Inc. (MVF)

 

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

 

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniVest Fund, Inc., 55 East 52nd Street, New York, NY 10055

 

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

 

Date of fiscal year end: 08/31/2012

 

Date of reporting period: 05/31/2012

 

Item 1 – Schedule of Investments

 

 

 

 

 

Schedule of Investments May 31, 2012 (Unaudited)

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Alabama — 3.0%

 

 

 

 

 

 

 

Alabama State Docks Department,
Refunding RB, 6.00%, 10/01/40

 

$

7,610

 

$

8,673,345

 

Camden IDB Alabama, RB,
Weyerhaeuser Co. Project, Series A,
6.13%, 12/01/13 (a)

 

 

2,550

 

 

2,772,946

 

Selma IDB Alabama, RB:

 

 

 

 

 

 

 

Gulf Opportunity Zone,
International Paper, 5.80%,
5/01/34

 

 

1,850

 

 

2,007,972

 

International Paper Co.,
Series A, 5.38%, 12/01/35

 

 

1,000

 

 

1,072,230

 

Selma IDB Alabama, Refunding RB,
International Paper Co. Project,
Series B, 5.50%, 5/01/20

 

 

5,000

 

 

5,208,600

 

 

 

 

 

 

 

19,735,093

 

Alaska — 0.1%

 

 

 

 

 

 

 

Northern Tobacco Securitization Corp.,
RB, Asset-Backed Series A, 5.00%,
6/01/46

 

 

1,250

 

 

938,788

 

Arizona — 4.0%

 

 

 

 

 

 

 

Maricopa County IDA, RB, Arizona
Charter Schools Project, Series A,
6.75%, 7/01/29

 

 

4,100

 

 

2,853,149

 

Maricopa County Pollution Control Corp.,
Refunding RB, Southern California
Edison Co., Series A, 5.00%, 6/01/35

 

 

3,300

 

 

3,621,090

 

Phoenix Civic Improvement Corp., RB,
Junior Lien, Series A, 5.00%, 7/01/40

 

 

2,000

 

 

2,158,400

 

Pima County IDA, RB:

 

 

 

 

 

 

 

Arizona Charter School Project,
Series E, 7.25%, 7/01/31

 

 

1,995

 

 

1,996,257

 

Charter Schools, Series I,
6.75%, 7/01/21

 

 

645

 

 

645,425

 

Pima County IDA, Refunding RB:

 

 

 

 

 

 

 

Arizona Charter, Series I,
6.10%, 7/01/13 (a)(b)

 

 

110

 

 

116,436

 

Arizona Charter, Series I,
6.30%, 7/01/13 (a)(b)

 

 

230

 

 

243,952

 

Arizona Charter, Series I,
6.10%, 7/01/13 (b)

 

 

370

 

 

390,354

 

Arizona Charter, Series I,
6.30%, 7/01/13 (b)

 

 

740

 

 

782,550

 

Charter Schools, 6.75%,
7/01/12

 

 

255

 

 

256,395

 

Salt River Project Agricultural
Improvement & Power Distribution,
Refunding RB, Electrical System,
Series A, 5.00%, 12/01/31

 

 

7,000

 

 

8,288,140

 

Salt Verde Financial Corp., RB, Senior,
5.00%, 12/01/37

 

 

5,000

 

 

5,109,050

 

 

 

 

 

 

 

26,461,198

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

California — 11.5%

 

 

 

 

 

 

 

California Health Facilities Financing
Authority, RB:

 

 

 

 

 

 

 

Scripps Health, Series A,
5.00%, 11/15/40

 

$

2,800

 

$

3,046,204

 

Stanford Hospital and Clinics,
Series A, 5.00%, 8/15/51

 

 

3,750

 

 

4,064,737

 

Sutter Health, Series B,
6.00%, 8/15/42

 

 

5,600

 

 

6,621,384

 

California Health Facilities Financing
Authority, Refunding RB:

 

 

 

 

 

 

 

Catholic Healthcare West,
Series A, 6.00%, 7/01/34

 

 

1,055

 

 

1,232,135

 

State Joseph Health System,
Series A, 5.75%, 7/01/39

 

 

5,000

 

 

5,696,850

 

California HFA, RB, Home Mortgage,
Series K, AMT, 5.50%, 2/01/42

 

 

2,515

 

 

2,606,144

 

California State Public Works Board, RB,
Department of Mental Health,
Coalinga, Series A:

 

 

 

 

 

 

 

5.50%, 12/01/13 (a)

 

 

6,000

 

 

6,465,000

 

5.13%, 6/01/29

 

 

10,435

 

 

10,763,911

 

California Statewide Communities
Development Authority, RB:

 

 

 

 

 

 

 

Health Facility, Memorial
Health Services, Series A,
6.00%, 4/01/13 (a)

 

 

4,240

 

 

4,443,902

 

Kaiser Permanente, Series A,
5.00%, 4/01/42

 

 

4,170

 

 

4,506,060

 

Golden State Tobacco Securitization
Corp. California, RB, Asset-Backed,
Series A-3, 7.88%, 6/01/13 (a)

 

 

10,725

 

 

11,528,195

 

Los Angeles Department of Airports, RB,
Series A, 5.25%, 5/15/39

 

 

1,200

 

 

1,335,684

 

Poway Unified School District, GO, CAB,
School Facilities Improvement District
No. 2007-1, Election of 2008, Series
B, 5.26%, 8/01/46 (c)

 

 

15,000

 

 

2,549,250

 

State of California, GO, Various Purpose,
6.50%, 4/01/33

 

 

9,700

 

 

11,796,364

 

 

 

 

 

 

 

76,655,820

 

Colorado — 1.0%

 

 

 

 

 

 

 

Colorado Health Facilities Authority, RB,
Catholic Health Initiatives, Series D,
6.25%, 10/01/33

 

 

2,500

 

 

2,935,425

 

Colorado Health Facilities Authority,
Refunding RB, Evangelical Lutheran,
Series A, 5.25%, 6/01/34

 

 

3,000

 

 

3,052,920

 

Colorado Housing & Finance Authority,
Refunding RB, S/F Program, Senior
Series A-2, AMT:

 

 

 

 

 

 

 

6.60%, 5/01/28

 

 

205

 

 

210,353

 

7.50%, 4/01/31

 

 

120

 

 

120,346

 

Regional Transportation District, COP,
Series A, 5.38%, 6/01/31

 

 

385

 

 

432,705

 

 

 

 

 

 

 

6,751,749

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIVEST FUND, INC.

MAY 31, 2012

1


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Connecticut — 0.3%

 

 

 

 

 

 

 

Mohegan Tribe of Indians of
Connecticut, RB, Public Improvement,
Priority Distribution, 6.25%, 1/01/31

 

$

1,885

 

$

1,752,051

 

Delaware — 0.3%

 

 

 

 

 

 

 

County of Sussex Delaware, RB, NRG
Energy, Inc., Indian River Project,
6.00%, 10/01/40

 

 

1,500

 

 

1,665,000

 

District of Columbia — 0.2%

 

 

 

 

 

 

 

Metropolitan Washington Airports
Authority, RB, First Senior Lien,
Series A:

 

 

 

 

 

 

 

5.00%, 10/01/39

 

 

415

 

 

449,354

 

5.25%, 10/01/44

 

 

650

 

 

709,793

 

 

 

 

 

 

 

1,159,147

 

Florida — 5.0%

 

 

 

 

 

 

 

County of Miami-Dade Florida, GO,
Building Better Communities Program:

 

 

 

 

 

 

 

Series B, 6.38%, 7/01/28

 

 

4,630

 

 

5,549,796

 

Series B-1, 5.63%, 7/01/38

 

 

5,000

 

 

5,609,500

 

County of Miami-Dade Florida,
Refunding RB, Miami International
Airport:

 

 

 

 

 

 

 

(AGC) AMT, 5.00%, 10/01/40

 

 

10,000

 

 

10,329,900

 

Series A-1, 5.38%, 10/01/41

 

 

10,290

 

 

11,484,463

 

 

 

 

 

 

 

32,973,659

 

Georgia — 2.1%

 

 

 

 

 

 

 

City of Atlanta Georgia, Refunding RB,
General, Series B, AMT, 5.00%,
1/01/29

 

 

1,070

 

 

1,158,371

 

DeKalb County Hospital Authority
Georgia, RB, Dekalb Medical Center,
Inc. Project, 6.13%, 9/01/40

 

 

3,570

 

 

3,947,706

 

DeKalb Private Hospital Authority,
Refunding RB, Children’s Healthcare,
5.25%, 11/15/39

 

 

3,335

 

 

3,632,782

 

Municipal Electric Authority of Georgia,
RB, Series W:

 

 

 

 

 

 

 

6.60%, 1/01/18

 

 

4,530

 

 

5,092,264

 

6.60%, 1/01/18 (d)

 

 

250

 

 

266,130

 

 

 

 

 

 

 

14,097,253

 

Hawaii — 0.9%

 

 

 

 

 

 

 

Hawaii State Harbor, RB, Series A,
5.50%, 7/01/35

 

 

5,000

 

 

5,605,150

 

Illinois — 12.0%

 

 

 

 

 

 

 

Chicago Board of Education Illinois, GO,
Series A, 5.50%, 12/01/39

 

 

6,670

 

 

7,624,343

 

Chicago Transit Authority, RB, Sales Tax
Receipts Revenue, Third Lien, 5.25%,
12/01/36

 

 

2,110

 

 

2,375,375

 

City of Chicago Illinois, RB, General,
Third Lien, Series B-2, AMT (NPFGC),
6.00%, 1/01/27

 

 

17,080

 

 

18,164,067

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Illinois (concluded)

 

 

 

 

 

 

 

Illinois Finance Authority, RB:

 

 

 

 

 

 

 

Advocate Health Care
Network, Series D, 6.50%,
11/01/38

 

$

9,700

 

$

11,304,574

 

Community, 6.50%, 7/01/22

 

 

1,060

 

 

966,296

 

Community Rehabilitation,
6.50%, 7/01/12 (a)

 

 

1,080

 

 

1,096,492

 

Northwestern Memorial
Hospital, Series A, 6.00%,
8/15/39

 

 

9,000

 

 

10,440,180

 

Illinois Finance Authority, Refunding RB,
OSF Healthcare System, Series A,
6.00%, 5/15/39

 

 

5,060

 

 

5,725,238

 

Railsplitter Tobacco Settlement
Authority, RB, 6.00%, 6/01/28

 

 

2,645

 

 

3,035,085

 

Regional Transportation Authority, RB:

 

 

 

 

 

 

 

Series A (AMBAC), 7.20%,
11/01/20

 

 

3,040

 

 

3,686,578

 

Series C (NPFGC), 7.75%,
6/01/20

 

 

4,000

 

 

5,006,720

 

Village of Hodgkins Illinois, RB, MBM
Project, AMT, 6.00%, 11/01/23

 

 

10,000

 

 

10,011,500

 

 

 

 

 

 

 

79,436,448

 

Indiana — 2.5%

 

 

 

 

 

 

 

Indiana Health & Educational Facilities
Financing Authority, RB, Clarian
Health Obligation, Series A, 5.25%,
2/15/40

 

 

8,980

 

 

9,365,601

 

Indianapolis Local Public Improvement
Bond Bank, Refunding RB, Series D,
6.75%, 2/01/14

 

 

7,120

 

 

7,511,031

 

 

 

 

 

 

 

16,876,632

 

Iowa — 0.1%

 

 

 

 

 

 

 

Iowa Tobacco Settlement Authority, RB,
Asset-Backed, Series C, 5.63%,
6/01/46

 

 

1,000

 

 

808,420

 

Kansas — 0.2%

 

 

 

 

 

 

 

Sedgwick & Shawnee Counties Kansas,
RB, Mortgage-Backed Securities
Program, Series A-4, AMT (Ginnie
Mae), 5.95%, 12/01/33

 

 

1,370

 

 

1,418,950

 

Kentucky — 1.2%

 

 

 

 

 

 

 

County of Owen Kentucky, RB, Kentucky
American Water Co., Series B, 5.63%,
9/01/39

 

 

1,000

 

 

1,063,770

 

Kentucky Economic Development
Finance Authority, RB, Owensboro
Medical Health System, Series A:

 

 

 

 

 

 

 

6.38%, 6/01/40

 

 

2,000

 

 

2,307,680

 

6.50%, 3/01/45

 

 

4,000

 

 

4,640,280

 

 

 

 

 

 

 

8,011,730

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIVEST FUND, INC.

MAY 31, 2012

2


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Louisiana — 0.8%

 

 

 

 

 

 

 

Louisiana Local Government
Environmental Facilities & Community
Development Authority, RB, Westlake
Chemical Corp., Series A-1, 6.50%,
11/01/35

 

$

2,615

 

$

2,976,968

 

Parish of St. Charles Louisiana Gulf
Opportunity Zone, RB, Valero Project,
Series 2010, 4.00%, 12/01/40 (e)

 

 

2,210

 

 

2,261,228

 

 

 

 

 

 

 

5,238,196

 

Maine — 1.0%

 

 

 

 

 

 

 

Maine Health & Higher Educational
Facilities Authority, RB, Series A,
5.00%, 7/01/39

 

 

5,000

 

 

5,343,750

 

Portland New Public Housing Authority
Maine, Refunding RB, Senior Living,
Series A, 6.00%, 2/01/34

 

 

1,190

 

 

1,218,917

 

 

 

 

 

 

 

6,562,667

 

Maryland — 1.8%

 

 

 

 

 

 

 

Maryland Community Development
Administration, RB, AMT, 5.10%,
9/01/37

 

 

1,835

 

 

1,899,739

 

Maryland Community Development
Administration, Refunding RB,
Residential, Series D, 4.90%,
9/01/42

 

 

3,250

 

 

3,317,372

 

Maryland Health & Higher Educational
Facilities Authority, Refunding RB:

 

 

 

 

 

 

 

Charlestown Community,
6.25%, 1/01/41

 

 

2,000

 

 

2,243,800

 

University of Maryland Medical
System, 5.00%, 7/01/34

 

 

2,100

 

 

2,243,052

 

University of Maryland Medical
System, 5.13%, 7/01/39

 

 

2,100

 

 

2,259,159

 

 

 

 

 

 

 

11,963,122

 

Massachusetts — 5.8%

 

 

 

 

 

 

 

Massachusetts Bay Transportation
Authority, Refunding RB, General
Transportation System, Series A,
7.00%, 3/01/19

 

 

3,010

 

 

3,635,117

 

Massachusetts Development Finance
Agency, RB, Wellesley College, Series
J, 5.00%, 7/01/42

 

 

2,800

 

 

3,213,168

 

Massachusetts HFA, RB:

 

 

 

 

 

 

 

S/F, Series 130, AMT, 5.00%,
12/01/32

 

 

2,500

 

 

2,579,175

 

Series A, AMT, 5.20%,
12/01/37

 

 

2,865

 

 

2,966,879

 

Massachusetts HFA, Refunding RB,
Series C, AMT, 5.35%, 12/01/42

 

 

6,550

 

 

7,000,902

 

Massachusetts Water Resources
Authority, RB, Series A, 6.50%,
7/15/19

 

 

16,000

 

 

19,401,920

 

 

 

 

 

 

 

38,797,161

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Michigan — 3.9%

 

 

 

 

 

 

 

City of Detroit Michigan, RB, Second
Lien, Series B (AGM):

 

 

 

 

 

 

 

6.25%, 7/01/36

 

$

2,500

 

$

2,888,900

 

7.00%, 7/01/36

 

 

1,250

 

 

1,504,925

 

Michigan State Hospital Finance
Authority, Refunding RB:

 

 

 

 

 

 

 

Henry Ford Health System,
Series A, 5.25%, 11/15/46

 

 

7,950

 

 

8,265,536

 

McLaren Health Care, 5.75%,
5/15/38

 

 

7,285

 

 

8,056,044

 

Royal Oak Hospital Finance Authority
Michigan, Refunding RB, William
Beaumont Hospital, 8.25%, 9/01/39

 

 

4,100

 

 

5,240,087

 

 

 

 

 

 

 

25,955,492

 

Minnesota — 0.5%

 

 

 

 

 

 

 

Tobacco Securitization Authority
Minnesota, Refunding RB, Tobacco
Settlement, Series B, 5.25%,
3/01/31

 

 

3,000

 

 

3,341,130

 

Mississippi — 4.9%

 

 

 

 

 

 

 

County of Lowndes Mississippi,
Refunding RB, Weyerhaeuser Co.
Project:

 

 

 

 

 

 

 

Series A, 6.80%, 4/01/22

 

 

9,160

 

 

10,430,767

 

Series B, 6.70%, 4/01/22

 

 

4,500

 

 

5,073,615

 

Mississippi Business Finance Corp.,
Refunding RB, System Energy
Resource, Inc. Project:

 

 

 

 

 

 

 

5.88%, 4/01/22

 

 

15,000

 

 

15,039,900

 

5.90%, 5/01/22

 

 

2,250

 

 

2,256,007

 

 

 

 

 

 

 

32,800,289

 

Nebraska — 1.6%

 

 

 

 

 

 

 

Central Plains Energy Project Nebraska,
RB, Gas Project No. 3, Series 2012,
5.00%, 9/01/42

 

 

6,200

 

 

6,334,354

 

Omaha Nebraska Public Power District,
Series B, 5.00%, 2/01/36

 

 

4,000

 

 

4,554,000

 

 

 

 

 

 

 

10,888,354

 

Nevada — 0.9%

 

 

 

 

 

 

 

County of Clark Nevada, RB, Series B,
5.75%, 7/01/42

 

 

5,000

 

 

5,661,600

 

New Hampshire — 0.4%

 

 

 

 

 

 

 

New Hampshire Health & Education
Facilities Authority, Refunding RB,
Elliot Hospital, Series B, 5.60%,
10/01/22

 

 

2,300

 

 

2,465,991

 

New Jersey — 6.1%

 

 

 

 

 

 

 

New Jersey EDA, RB, Cigarette Tax (a):

 

 

 

 

 

 

 

5.50%, 6/15/12

 

 

7,080

 

 

7,094,585

 

5.75%, 6/15/14

 

 

3,695

 

 

4,092,323

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIVEST FUND, INC.

MAY 31, 2012

3


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey (concluded)

 

 

 

 

 

 

 

New Jersey EDA, Refunding RB:

 

 

 

 

 

 

 

Cigarette Tax, Series 2012,
5.00%, 6/15/25

 

$

990

 

$

1,095,079

 

School Facilities Construction,
Series AA, 5.25%, 12/15/33

 

 

10,000

 

 

11,155,900

 

New Jersey State Housing & Mortgage
Finance Agency, RB, Series AA,
6.38%, 10/01/28

 

 

1,300

 

 

1,424,865

 

New Jersey Transportation Trust Fund
Authority, RB, Transportation System,
5.50%, 6/15/31

 

 

8,000

 

 

9,345,280

 

Tobacco Settlement Financing Corp.
New Jersey, RB, 7.00%, 6/01/13 (a)

 

 

5,980

 

 

6,381,617

 

 

 

 

 

 

 

40,589,649

 

New York — 4.0%

 

 

 

 

 

 

 

Metropolitan Transportation Authority,
RB, Series 2008C:

 

 

 

 

 

 

 

6.25%, 11/15/23

 

 

3,245

 

 

4,131,534

 

6.50%, 11/15/28

 

 

14,925

 

 

19,119,074

 

Port Authority of New York & New
Jersey, RB, JFK International Air
Terminal, 6.00%, 12/01/36

 

 

3,165

 

 

3,548,313

 

 

 

 

 

 

 

26,798,921

 

North Carolina — 0.6%

 

 

 

 

 

 

 

Gaston County Industrial Facilities &
Pollution Control Financing Authority
North Carolina, RB, Exempt Facilities,
National Gypsum Co. Project, 5.75%,
8/01/35

 

 

4,105

 

 

3,605,339

 

Ohio — 0.5%

 

 

 

 

 

 

 

Buckeye Tobacco Settlement Financing
Authority, RB, Senior, Series A-2,
6.50%, 6/01/47

 

 

1,125

 

 

939,330

 

County of Lucas Ohio, Refunding RB,
Promedica Healthcare, Series A,
6.50%, 11/15/37

 

 

1,915

 

 

2,354,971

 

 

 

 

 

 

 

3,294,301

 

Oregon — 0.7%

 

 

 

 

 

 

 

City of Tigard Washington County
Oregon, RB, Water System, Series
2012:

 

 

 

 

 

 

 

5.00%, 8/01/37

 

 

2,000

 

 

2,265,680

 

5.00%, 8/01/42

 

 

2,335

 

 

2,636,612

 

 

 

 

 

 

 

4,902,292

 

Pennsylvania — 0.9%

 

 

 

 

 

 

 

Chester County IDA, RB, Aqua
Pennsylvania Inc. Project, Series A,
AMT (NPFGC), 5.00%, 2/01/40

 

 

540

 

 

563,684

 

Delaware River Port Authority
Pennsylvania, RB, Series D, 5.00%,
1/01/40

 

 

195

 

 

211,220

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Pennsylvania (concluded)

 

 

 

 

 

 

 

Pennsylvania Economic Development
Financing Authority, Refunding RB,
Aqua Pennsylvania, Inc. Project,
Series A, AMT, 5.00%, 12/01/34

 

$

2,780

 

$

3,020,387

 

Philadelphia Authority for Industrial
Development, RB:

 

 

 

 

 

 

 

Arbor House, Inc. Project,
Series E, 6.10%, 7/01/33

 

 

1,000

 

 

1,017,880

 

Rieder House Project, Series A,
6.10%, 7/01/33

 

 

1,355

 

 

1,379,228

 

 

 

 

 

 

 

6,192,399

 

Puerto Rico — 2.7%

 

 

 

 

 

 

 

Puerto Rico Electric Power Authority,
Refunding RB, Series A, 5.00%,
7/01/42

 

 

925

 

 

934,453

 

Puerto Rico Sales Tax Financing Corp.,
RB, First Sub-Series A, 6.38%,
8/01/39

 

 

13,000

 

 

15,206,490

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB, CAB, Series A (NPFGC),
5.68%, 8/01/41 (c)

 

 

10,000

 

 

1,979,600

 

 

 

 

 

 

 

18,120,543

 

South Carolina — 0.9%

 

 

 

 

 

 

 

County of Georgetown South Carolina,
Refunding RB, International Paper Co.
Project, Series A, AMT, 5.55%,
12/01/29

 

 

1,000

 

 

1,026,000

 

County of Richland South Carolina,
Refunding RB, International Paper Co.
Project, AMT, 6.10%, 4/01/23

 

 

5,000

 

 

5,212,900

 

 

 

 

 

 

 

6,238,900

 

Texas — 13.0%

 

 

 

 

 

 

 

Brazos River Authority, Refunding RB,
Texas Utility Co., Series A, AMT,
7.70%, 4/01/33

 

 

3,055

 

 

434,604

 

Brazos River Harbor Navigation District,
Refunding RB, Dow Chemical Co.
Project, Series A-7, AMT, 6.63%,
5/15/33

 

 

11,460

 

 

11,596,260

 

Central Texas Regional Mobility
Authority, RB, Senior Lien:

 

 

 

 

 

 

 

5.75%, 1/01/31

 

 

1,000

 

 

1,117,570

 

6.00%, 1/01/41

 

 

4,300

 

 

4,816,602

 

City of Houston Texas, RB, Senior Lien,
Series A, 5.50%, 7/01/34

 

 

8,335

 

 

9,337,951

 

Gulf Coast Waste Disposal Authority,
Refunding RB, Series A, AMT, 6.10%,
8/01/24

 

 

4,000

 

 

4,025,880

 

Harris County Health Facilities
Development Corp., Refunding RB,
Memorial Hermann Healthcare
System, Series B:

 

 

 

 

 

 

 

7.13%, 12/01/31

 

 

3,500

 

 

4,218,375

 

7.25%, 12/01/35

 

 

5,400

 

 

6,484,752

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIVEST FUND, INC.

MAY 31, 2012

4


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Texas (concluded)

 

 

 

 

 

 

 

Houston Industrial Development Corp.,
RB, Senior, Air Cargo, AMT, 6.38%,
1/01/23

 

$

1,690

 

$

1,690,270

 

La Vernia Higher Education Finance
Corp., RB, KIPP, Inc., 6.25%, 8/15/39

 

 

925

 

 

1,042,392

 

Love Field Airport Modernization Corp.,
RB, Southwest Airlines Co. Project,
5.25%, 11/01/40

 

 

3,600

 

 

3,753,972

 

Matagorda County Navigation District
No. 1 Texas, Refunding RB,
CenterPoint Energy Project, 5.60%,
3/01/27 (f)

 

 

9,355

 

 

9,862,041

 

North Texas Education Finance
Corporation, ERB, 5.13%, 12/01/42

 

 

1,000

 

 

1,036,830

 

North Texas Tollway Authority,
Refunding RB, First Tier, Series A,
6.25%, 1/01/39

 

 

3,500

 

 

3,988,635

 

Tarrant County Cultural Education
Facilities Finance Corp., RB, Scott &
White Healthcare, 6.00%, 8/15/45

 

 

5,000

 

 

5,811,000

 

Texas Private Activity Bond Surface
Transportation Corp., RB, Senior Lien:

 

 

 

 

 

 

 

LBJ Infrastructure Group LLC,
LBJ Freeway Managed
Lanes Project, 7.00%,
6/30/40

 

 

10,000

 

 

11,894,400

 

NTE Mobility Partners LLC,
North Tarrant Express
Managed Lanes Project,
6.88%, 12/31/39

 

 

4,710

 

 

5,517,435

 

 

 

 

 

 

 

86,628,969

 

Vermont — 0.1%

 

 

 

 

 

 

 

Vermont Educational & Health Buildings
Financing Agency, RB, Developmental
& Mental Health, Series A, 6.38%,
6/15/22

 

 

420

 

 

425,246

 

Virginia — 2.9%

 

 

 

 

 

 

 

City of Norfolk Virginia, Refunding RB,
Series B (AMBAC), 5.50%, 2/01/31
(a)

 

 

3,550

 

 

3,553,124

 

City of Portsmouth Virginia, GO,
Refunding, Series D, 5.00%, 7/15/34

 

 

3,105

 

 

3,530,416

 

Fairfax County EDA, Refunding RB,
Goodwin House, Inc.:

 

 

 

 

 

 

 

5.13%, 10/01/37

 

 

2,000

 

 

2,039,560

 

5.13%, 10/01/42

 

 

6,015

 

 

6,114,127

 

Virginia HDA, Refunding RB,
Sub-Series A3, AMT, 5.05%, 7/01/26

 

 

1,325

 

 

1,404,328

 

Virginia Small Business Financing
Authority, RB, Senior Lien, Elizabeth
River Crossing Operation LLC Project,
Series 2012, AMT, 6.00%, 1/01/37

 

 

2,620

 

 

2,877,677

 

 

 

 

 

 

 

19,519,232

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Washington — 4.3%

 

 

 

 

 

 

 

Energy Northwest, Refunding RB,
Series B, 7.13%, 7/01/16

 

$

14,320

 

$

17,921,909

 

Seattle Housing Authority Washington,
RB, Replacement Housing Projects,
6.13%, 12/01/32

 

 

2,175

 

 

2,179,807

 

Washington Health Care Facilities
Authority, Refunding RB, Catholic
Health Initiatives, Series D, 6.38%,
10/01/36

 

 

7,000

 

 

8,310,960

 

 

 

 

 

 

 

28,412,676

 

West Virginia — 0.4%

 

 

 

 

 

 

 

West Virginia Hospital Finance Authority,
Refunding RB, Charleston, Series A,
5.63%, 9/01/32

 

 

2,500

 

 

2,705,900

 

Wisconsin — 1.4%

 

 

 

 

 

 

 

City of Milwaukee Wisconsin, RB,
Senior, Air Cargo, AMT, 6.50%,
1/01/25

 

 

1,475

 

 

1,475,295

 

Wisconsin Health & Educational
Facilities Authority, RB:

 

 

 

 

 

 

 

Hudson Memorial Hospital (FHA),
5.70%, 1/15/29

 

 

4,500

 

 

4,521,105

 

SynergyHealth, Inc., 6.00%,
11/15/32

 

 

3,040

 

 

3,123,509

 

 

 

 

 

 

 

9,119,909

 

Wyoming — 0.8%

 

 

 

 

 

 

 

County of Sweetwater Wyoming,
Refunding RB, Idaho Power Co.
Project, 5.25%, 7/15/26

 

 

4,500

 

 

5,095,080

 

Total Municipal Bonds – 105.3%

 

 

 

 

 

699,670,446

 

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (g)

 

 

 

 

 

 

 

Arizona — 0.6%

 

 

 

 

 

 

 

Phoenix Arizona Civic Improvement
Corp., RB, Junior Lien, Series A,
5.00%, 7/01/34

 

 

3,500

 

 

4,054,995

 

California — 5.1%

 

 

 

 

 

 

 

Los Angeles Community College District
California, GO, Election of 2008,
Election of 2008, Series A, 6.00%,
8/01/33

 

 

9,586

 

 

11,447,837

 

University of California, RB, Series O,
5.25%, 5/15/39

 

 

20,000

 

 

22,525,000

 

 

 

 

 

 

 

33,972,837

 

Connecticut — 2.1%

 

 

 

 

 

 

 

Connecticut State Health & Educational
Facility Authority, RB, Yale University,
Series Z-3, 5.05%, 7/01/42

 

 

12,000

 

 

13,704,360

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIVEST FUND, INC.

MAY 31, 2012

5


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (g)

 

Par
(000)

 

Value

 

District of Columbia — 1.3%

 

 

 

 

 

 

 

District of Columbia Water & Sewer
Authority, RB, Series A, 5.50%,
10/01/39

 

$

7,495

 

$

8,499,120

 

Florida — 3.9%

 

 

 

 

 

 

 

County of Miami-Dade Florida, RB,
Water & Sewer System (AGM), 5.00%,
10/01/39

 

 

14,747

 

 

16,198,775

 

Miami-Dade County Expressway
Authority, RB, Series A (AGC), 5.00%,
7/01/35

 

 

8,900

 

 

9,734,197

 

 

 

 

 

 

 

25,932,972

 

Illinois — 4.0%

 

 

 

 

 

 

 

City of Chicago Illinois, RB, Sales Tax
Revenue, Series A, 5.00%, 1/01/41

 

 

4,640

 

 

5,118,894

 

City of Chicago Illinois, Refunding RB,
Second Lien (AGM), 5.25%, 11/01/33

 

 

1,330

 

 

1,475,980

 

Illinois Finance Authority, RB, University
of Chicago, Series B, 6.25%, 7/01/38

 

 

10,000

 

 

12,306,800

 

Illinois State Toll Highway Authority, RB,
Series B, 5.50%, 1/01/33

 

 

6,999

 

 

7,680,726

 

 

 

 

 

 

 

26,582,400

 

Kentucky — 5.1%

 

 

 

 

 

 

 

Kentucky Economic Development
Finance Authority, Refunding RB, St.
Elizabeth, Series A, 5.50%, 5/01/39

 

 

8,003

 

 

8,869,080

 

Kentucky Housing Corp., Refunding RB,
Series L, AMT, 5.25%, 1/01/38

 

 

6,460

 

 

6,699,020

 

Lexington-Fayette Urban County Airport
Board, Refunding RB, Series A,
5.00%, 7/01/27

 

 

7,001

 

 

7,874,461

 

Louisville & Jefferson County
Metropolitan Government Parking
Authority, RB, Series A, 5.38%,
12/01/39

 

 

9,195

 

 

10,633,098

 

 

 

 

 

 

 

34,075,659

 

Maryland — 0.8%

 

 

 

 

 

 

 

Maryland State Transportation Authority,
RB, Transportation Facility Project
(AGM), 5.00%, 7/01/41

 

 

4,710

 

 

5,169,696

 

Nevada — 2.9%

 

 

 

 

 

 

 

Clark County Water Reclamation
District, GO, Series B, 5.75%,
7/01/34

 

 

15,789

 

 

19,341,904

 

New York — 7.9%

 

 

 

 

 

 

 

New York City Municipal Water Finance
Authority, RB, Water & Sewer System,
Series DD, 5.00%, 6/15/37

 

 

24,199

 

 

26,309,895

 

New York City Municipal Water Finance
Authority, Refunding RB, Series FF-2,
5.50%, 6/15/40

 

 

4,154

 

 

4,785,740

 

New York City Transitional Finance
Authority, RB, 5.00%, 2/01/42

 

 

8,898

 

 

10,031,085

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (g)

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

New York State Liberty Development
Corp., Refunding RB, World Trade
Center Project, 5.75%, 11/15/51

 

$

10,000

 

$

11,502,300

 

 

 

 

 

 

 

52,629,020

 

North Carolina — 2.9%

 

 

 

 

 

 

 

North Carolina Capital Facilities Finance
Agency, Refunding RB:

 

 

 

 

 

 

 

Duke University Project,
Series A, 5.00%, 10/01/41

 

 

12,678

 

 

13,857,814

 

Wake Forest University,
5.00%, 1/01/38

 

 

5,000

 

 

5,505,350

 

 

 

 

 

 

 

19,363,164

 

Ohio — 3.6%

 

 

 

 

 

 

 

County of Allen Ohio, Refunding RB,
Catholic Healthcare, Series A, 5.25%,
6/01/38

 

 

2,870

 

 

3,127,898

 

County of Montgomery Ohio, Refunding
RB, Catholic Healthcare, Series A,
5.50%, 5/01/34

 

 

5,470

 

 

6,151,015

 

Ohio Higher Educational Facility
Commission, Refunding RB, Hospital,
Cleveland Clinic Health, Series A,
5.25%, 1/01/33

 

 

4,400

 

 

4,822,356

 

State of Ohio, RB, Cleveland Clinic
Health, Series B, 5.50%, 1/01/34

 

 

8,500

 

 

9,550,090

 

 

 

 

 

 

 

23,651,359

 

Oregon — 2.0%

 

 

 

 

 

 

 

Oregon State Housing & Community
Services Department, HRB, Series A,
AMT, 4.95%, 7/01/30

 

 

13,000

 

 

13,635,682

 

South Carolina — 0.5%

 

 

 

 

 

 

 

South Carolina State Housing Finance &
Development Authority, Refunding RB,
Series B-1, 5.55%, 7/01/39

 

 

3,069

 

 

3,271,524

 

Texas — 7.8%

 

 

 

 

 

 

 

Harris County Health Facilities
Development Corp., Refunding RB,
School Health Care System, Series B,
5.75%, 7/01/27

 

 

20,970

 

 

27,618,748

 

Houston Higher Education Finance
Corp., RB, Rice University Project,
Series A, 5.00%, 5/15/40

 

 

10,000

 

 

11,421,174

 

Texas Department of Housing &
Community Affairs, MRB, Series B,
AMT (Ginnie Mae), 5.25%, 9/01/32

 

 

6,276

 

 

6,559,662

 

Texas State University Systems,
Refunding RB (AGM), 5.00%,
3/15/30

 

 

5,667

 

 

6,336,994

 

 

 

 

 

 

 

51,936,578

 

Virginia — 2.6%

 

 

 

 

 

 

 

Fairfax County IDA Virginia, Refunding
RB, Health Care, Inova Health System,
Series A, 5.50%, 5/15/35

 

 

2,099

 

 

2,365,442

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIVEST FUND, INC.

MAY 31, 2012

6


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniVest Fund, Inc. (MVF)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (g)

 

Par
(000)

 

Value

 

Virginia (concluded)

 

 

 

 

 

 

 

Virginia Small Business Financing
Authority, Refunding RB, Sentara
Healthcare, 5.00%, 11/01/40

 

$

5,002

 

$

5,429,856

 

Virginia State Commonwealth
Transportation Board, RB, Capital
Projects, 5.00%, 5/15/32

 

 

8,001

 

 

9,283,892

 

 

 

 

 

 

 

17,079,190

 

Washington — 4.2%

 

 

 

 

 

 

 

Central Puget Sound Regional Transit
Authority, RB, Series A:

 

 

 

 

 

 

 

5.00%, 11/01/34

 

 

5,000

 

 

5,563,525

 

5.00%, 11/01/36

 

 

6,000

 

 

6,676,230

 

(AGM), 5.00%, 11/01/32

 

 

14,007

 

 

15,822,595

 

 

 

 

 

 

 

28,062,350

 

Wisconsin — 1.0%

 

 

 

 

 

 

 

Wisconsin Health & Educational
Facilities Authority, Refunding RB,
Froedtert & Community Health Inc.,
5.25%, 4/01/39

 

 

6,099

 

 

6,672,232

 

Total Municipal Bonds Transferred to Tender Option
Bond (TOB) Trusts – 58.3%

 

 

 

 

 

387,635,042

 

Total Long-Term Investments
(Cost – $984,669,484) – 163.6%

 

 

 

 

 

1,087,305,488

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-Term Securities

 

Shares

 

 

 

 

FFI Institutional Tax-Exempt Fund,
0.03% (h)(i)

 

 

142,624

 

 

142,624

 

Total Short-Term Securities
(Cost – $142,624) – 0.0%

 

 

 

 

 

142,624

 

Total Investments (Cost - $984,812,108*) – 163.6%

 

 

 

 

 

1,087,448,112

 

Other Assets Less Liabilities – 2.0%

 

 

 

 

 

13,412,822

 

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable – (28.9)%

 

 

 

 

 

(192,302,440

)

VMTP Shares, at Liquidation Value – (36.7)%

 

 

 

 

 

(243,800,000

)

Net Assets Applicable to Common Shares – 100.0%

 

 

 

 

$

664,758,494

 

 

 

 

*

As of May 31, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

 

 

 

 

 

 

 

 

Tax cost

 

 

 

 

$

794,889,145

 

Gross unrealized appreciation

 

 

 

 

$

107,279,303

 

Gross unrealized depreciation

 

 

 

 

 

(6,930,508

)

Net unrealized appreciation

 

 

 

 

$

100,348,795

 

 

 

(a)

US government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium to par.

 

 

(b)

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

 

 

(c)

Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.

 

 

(d)

Security is collateralized by Municipal or US Treasury obligations.

 

 

(e)

Variable rate security. Rate shown is as of report date and maturity shown is the date the principal owed can be recovered through demand.

 

 

(f)

Variable rate security. Rate shown is as of report date.

 

 

(g)

Securities represent bonds transferred to a TOB in exchange for which the Fund acquired residual interest certificates. These securities serve as collateral in a financing transaction.

 

 

(h)

Investments in companies considered to be an affiliate of the Fund during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Affiliate

 

Shares
Held at
August 31, 2011

 

Net
Activity

 

Shares
Held at
May 31, 2012

 

Income

 

FFI Institutional
Tax-Exempt
Fund

 

 

44,571,921

 

 

(44,429,297

)

 

142,624

 

$

715

 

 

 

(i)

Represents the current yield as of report date.


 

Portfolio Abbreviations

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list:

 

 

AGC

Assured Guaranty Corp.

AGM

Assured Guaranty Municipal Corp.

AMBAC

American Municipal Bond Assurance Corp.

AMT

Alternative Minimum Tax (subject to)

CAB

Capital Appreciation Bonds

COP

Certificates of Participation

EDA

Economic Development Authority

ERB

Education Revenue Bonds

FHA

Federal Housing Administration

Ginnie Mae

Government National Mortgage Association

GO

General Obligation Bonds

HDA

Housing Development Authority

HFA

Housing Finance Agency

HRB

Housing Revenue Bonds

IDA

Industrial Development Authority

IDB

Industrial Development Board

MRB

Mortgage Revenue Bonds

NPFGC

National Public Finance Guarantee Corp.

RB

Revenue Bonds

S/F

Single-Family


 

 

 

 

 

 

 

 

 

BLACKROCK MUNIVEST FUND, INC.

MAY 31, 2012

7


 

 

 

 

Schedule of Investments (concluded)

BlackRock MuniVest Fund, Inc. (MVF)

 

 

 

•

Financial futures contracts sold as of May 31, 2012 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracts

 

Issue

 

Exchange

 

Expiration

 

Notional
Value

 

Unrealized
Depreciation

 

233

 

 

10-Year
US
Treasury
Note

 

 

Chicago
Board
of Trade

 

 

September
2012

 

$

31,207,438

 

$

(273,490

)

 

 

 

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

 

 

 

•

Level 1 — unadjusted price quotations in active markets/exchanges for identical assets and liabilities

 

 

 

 

•

Level 2 — other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

 

 

 

 

•

Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund’s own assumptions used in determining the fair value of investments and derivative financial instruments)

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Fund’s policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the inputs used as of May 31, 2012 in determining the fair valuation of the Fund’s investments and derivative financial instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long Term
Investments1

 

 

—

 

$

1,087,305,488

 

 

—

 

$

1,087,305,488

 

Short-Term
Securities

 

$

142,624

 

 

—

 

 

—

 

 

142,624

 

Total

 

$

142,624

 

$

1,087,305,488

 

 

—

 

$

1,087,448,112

 

 

 

1

See above Schedule of Investments for values in each state or political subdivision.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Derivative Financial Instruments2

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate
contracts

 

$

(273,490

)

 

—

 

 

—

 

$

(273,490

)

 

 

2

Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

Certain of the Fund’s assets and liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of May 31, 2012, such assets and liabilities are categorized within the disclosure hierarchy as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash pledged
as collateral
for financial
futures
contracts

 

$

513,000

 

 

—

 

 

—

 

$

513,000

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank Overdraft

 

 

(2

)

 

—

 

 

—

 

 

(2

)

TOB trust
certificates

 

 

—

 

$

(192,210,172

)

 

—

 

 

(192,210,172

)

VMTP Shares

 

 

—

 

 

(243,800,000

)

 

—

 

 

(243,800,000

)

Total

 

$

512,998

 

$

(436,010,172

)

 

—

 

$

(435,497,174

)

There were no transfers between levels during the period ended May 31, 2012.

       

 

 

 

 

 

BLACKROCK MUNIVEST FUND, INC.

MAY 31, 2012

8

Item 2 –

Controls and Procedures

 

 

2(a) –

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

 

 

2(b) –

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

 

Item 3 –

Exhibits

 

 

 

Certifications – Attached hereto

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

BlackRock MuniVest Fund, Inc.

 

 
  By: /s/ John M. Perlowski  
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
    BlackRock MuniVest Fund, Inc.
   
  Date: July 25, 2012
   
  Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
   
  By: /s/ John M. Perlowski  
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
    BlackRock MuniVest Fund, Inc.
   
  Date: July 25, 2012
   
  By: /s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock MuniVest Fund, Inc.
     
  Date: July 25, 2012