Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
March 02 2023 - 3:13PM
Edgar (US Regulatory)
Filed Pursuant to Rule 424(b)(3)
Registration File No.: 333-259605
BLACKROCK MUNICIPAL INCOME TRUST
Supplement dated March 2, 2023 to the Prospectus, dated March 17, 2022,
and the Prospectus Supplements dated July 18, 2022 and September 29, 2022
This supplement amends certain information in the Prospectus, dated March 17, 2022, as supplemented on July 18, 2022 and September 29, 2022, of
BlackRock Municipal Income Trust (the Trust). Unless otherwise indicated, all information included in the Prospectus that is not inconsistent with the information set forth in this supplement remains unchanged. Capitalized terms not
otherwise defined in this supplement have the same meanings as in the Prospectus.
The following changes are made to the Trusts Prospectus:
The section of the Prospectus entitled Management of the Trust Portfolio Managers is deleted in its entirety and replaced with
the following:
Portfolio Managers
The members
of the portfolio management team who are primarily responsible for the day-to-day management of the Trusts portfolio are as follows:
Walter OConnor, CFA, Managing Director of BlackRock, Inc., is Co-Head of the Municipal Funds team within
the Municipal Fixed Income business within BlackRocks Portfolio Management Group. He is also a member of the Municipal Management Committee, which oversees all municipal bond portfolio management, research and trading activities.
Mr. OConnors service with BlackRock, Inc. dates back to 1991, including his years with Merrill Lynch Investment Managers (MLIM). At MLIM, he was a portfolio manager for municipal bond retail mutual funds. Prior to
joining MLIM, Mr. OConnor was with Prudential Securities, where he was involved in trading, underwriting, and arbitrage for municipal securities and financial futures. Mr. OConnor earned a BA degree in finance and philosophy
from the University of Notre Dame in 1984.
Kevin Maloney, CFA, Director of BlackRock, Inc., is Co-Head of the Municipal Funds team and a portfolio
manager within the Municipal Fixed Income business within BlackRocks Portfolio Management Group. He is also a member of the Municipal Management Committee, which oversees all municipal bond portfolio management, research and trading
activities. Mr. Maloney began his career at BlackRock in 2011 as an analyst on the Municipal Credit Research Team. Mr. Maloney earned a BS degree in finance from Drexel University in 2011.
Phillip Soccio, CFA, Director of BlackRock, Inc., is a portfolio manager for the Municipal Fixed Income business in BlackRocks Portfolio
Management Group. Prior to assuming his current role in 2007, Mr. Soccio was a member of BlackRocks Cash Management Group, where he was responsible for managing
various tax-exempt money market funds. From 1998 to 2000, he was a member of BlackRocks Account Management Group responsible for institutional client service and marketing support.
Mr. Soccio began his career at BlackRock in 1998. Mr. Soccio earned a BS degree in finance from Wilmington University.
Michael A.
Kalinoski, CFA, Director of BlackRock, Inc., is a portfolio manager on the Municipal Mutual Fund Desk within BlackRocks Municipal Fixed Income business within PMG. Mr. Kalinoskis service with BlackRock, Inc. dates back to 1999,
including his years with MLIM. At MLIM, he was a member of the tax-exempt fixed income team responsible for managing a number of national and state funds. Prior to joining MLIM in 1999,
Mr. Kalinoski was a municipal trader with Strong Capital Management. Mr. Kalinoski earned a BS degree in accounting from Marquette University in 1992.
Christian Romaglino, CFA, Director of BlackRock, Inc., is a portfolio manager for the Municipal Fixed Income business within BlackRocks Portfolio
Management Group. Prior to joining BlackRock, Inc. in 2017, Mr. Romaglino was a portfolio manager at Brown Brothers Harriman focusing on a diverse set of institutional mandates and high net worth separately managed accounts. Mr. Romaglino
also held various trading and
portfolio construction positions at Brown Brothers Harriman across several taxable fixed income sectors prior to 2010 when he transitioned to Municipals. Mr. Romaglino earned a BS degree in
Industrial Engineering from Lehigh University.
Kristi Manidis, Director of BlackRock, Inc., is a portfolio manager for the Municipal Fixed Income
business in BlackRocks Portfolio Management Group. Prior to moving to her current role in 2009, Ms. Manidis was a trader and portfolio manager on various high net worth equity and balanced separately managed accounts. Previously, she was
responsible for institutional client service and marketing. Ms. Manidis began her career at BlackRock in 2003. Ms. Manidis earned a BS degree in Business Administration, with concentrations in Finance and Management Information Systems,
from Drexel University in 2003.
The SAI provides additional information about each portfolio managers compensation, other accounts managed by the
portfolio management team and the ownership of the Trusts securities by each portfolio manager.
Shareholders should retain this
Supplement for future reference.
PRO-BFK-0323SUP
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