BlackRock MuniHoldings Fund Files Semi-Annual Report

TL;DR

BMH filed its semi-annual report on 4/7/26. All good.

AI Summary

BlackRock MuniHoldings Fund, Inc. filed its Semi-Annual Shareholder Report (N-CSRS) on April 7, 2026, for the period ending January 31, 2026. The filing includes certifications required by Sections 302 and 906 of the Sarbanes-Oxley Act, indicating adherence to financial reporting standards. The report details the fund's financial status and operations.

Why It Matters

This filing provides shareholders with a transparent overview of the fund's financial health and operational compliance for the period ending January 31, 2026.

Risk Assessment

Risk Level: low — This is a routine regulatory filing for a publicly traded fund, not indicating any specific new risks.

Key Numbers

• 7961851 — N-CSRS Document Size (Indicates the size of the main filing document.)
• 13491 — EX-99.CERT Document Size (Size of the Section 302 certification document.)
• 4883 — EX-99.906 CERT Document Size (Size of the Section 906 certification document.)

Key Players & Entities

• BLACKROCK MUNIHOLDINGS FUND, INC. (company) — Filer
• 0001034665 (company) — CIK number for BLACKROCK MUNIHOLDINGS FUND, INC.
• 2026-04-07 (date) — Filing Date
• 2026-01-31 (date) — Period of Report

FAQ

Key Financial Figures

• $69 billion — funds experienced net inflows totaling $69 billion (based on data from the Investment Comp
• $564 billion — . At the same time, the market absorbed $564 billion in issuance, a 14% increase year-over-y
• $100 million — und ' s Common Shares capitalization is $100 million and it utilizes leverage for an additio
• $30 m — it utilizes leverage for an additional $30 million, creating a total value of $130 m
• $130 million — $30 million, creating a total value of $130 million available for investment in longer-term
• $30 million — case, a Fund ' s financing costs on the $30 million of proceeds obtained from leverage are
• $11.45 — ng Market Price as of January 31, 2026 ($11.45) (a) 5.97% Tax Equivalent Yield (b)
• $0.057000 — hly Distribution per Common Share (c) $0.057000 Current Annualized Distribution per C
• $0.684000 — zed Distribution per Common Share (c) $0.684000 Leverage as of January 31, 2026 (d)
• $10.17 — ng Market Price as of January 31, 2026 ($10.17) (a) 5.90% Tax Equivalent Yield (b)
• $0.050000 — hly Distribution per Common Share (c) $0.050000 Current Annualized Distribution per C
• $0.600000 — zed Distribution per Common Share (c) $0.600000 Leverage as of January 31, 2026 (d)

Filing Documents

• d67501dncsrs.htm (N-CSRS) — 7775KB
• d67501dex99cert.htm (EX-99.CERT) — 13KB
• d67501dex99906cert.htm (EX-99.906 CERT) — 5KB
• g67501img21a1315c3.jpg (GRAPHIC) — 37KB
• g67501img6079c9ff1.jpg (GRAPHIC) — 21KB
• g67501imgb1ea43d62.jpg (GRAPHIC) — 120KB
• 0001193125-26-144963.txt ( ) — 8040KB

– Reports to Stockholders

Item 1 – Reports to Stockholders (a) The Reports to Shareholders are attached herewith. January 31, 2026 2026 Semi-Annual Report (Unaudited) BlackRock Investment Quality Municipal Trust, Inc. (BKN) BlackRock Municipal Income Trust (BFK) BlackRock Municipal Income Trust II (BLE) BlackRock MuniHoldings Fund, Inc. (MHD) BlackRock MuniVest Fund, Inc. (MVF) BlackRock MuniVest Fund II, Inc. (MVT) BlackRock MuniYield Quality Fund II, Inc. (MQT) Not FDIC Insured May Lose Value No Bank Guarantee Table of Contents Page Semi-Annual Report: Municipal Market Overview 3 The Benefits and Risks of Leveraging 4 Derivative Financial Instruments 4 Fund Summary 5

Financial Statements

Financial Statements: Schedules of Investments 19 Statements of Assets and Liabilities 69 Statements of Operations 71 Statements of Changes in Net Assets 73 Statements of Cash Flows 77 Financial Highlights 79

Notes to Financial Statements

Notes to Financial Statements 92 Additional Information 103 Glossary of Terms Used in this Report 109 2 Municipal Market Overview For the Reporting Period Ended January 31, 2026 Municipal Market Conditions The first half of 2025 was defined by the Trump administration's announcement of reciprocal tariffs in early April that spurred extreme volatility, dislocations across global markets, and a reset of municipal valuations to historically attractive levels. Markets ultimately stabilized and positive absolute returns soon followed, but elevated municipal supply throughout the period was a primary driver of relative underperformance vs. other fixed income asset classes. A softening labor market, the longest government shutdown in history, and a lack of material economic data for the market (and Federal Reserve) to lean on framed the second half of the year. An increasingly dovish central bank cut rates at three consecutive meetings during the period, reducing the Federal Funds rate from 4.50% to 3.75% and creating a strong backdrop for rates. Municipals then leveraged an exceptionally positive technical landscape to start 2026 on a strong note. The belly of the curve, double-A rated credits, and the housing, IDR/PCR, and leasing sectors outperformed. Bloomberg Municipal Bond Index (a) Total Returns as of January 31, 2026 6 months: 5.80% 12 months: 4.70% During the 12-months ended January 31, 2026, municipal bond funds experienced net inflows totaling $69 billion (based on data from the Investment Company Institute), with demand concentrated primarily in ETFs, investment-grade, and long-term funds. At the same time, the market absorbed $564 billion in issuance, a 14% increase year-over-year (period ending January 2025). Issuance was boosted by an increased need for infrastructure spending, a pull-forward in perceived vulnerable sectors to front-run potential new legislation, and declining COVID stimulus cash available to municipali