Michael Castellano - Blackrock Muni Independent Trustee

MUI Fund  USD 12.69  0.04  0.32%   
Michael Castellano is Fund Manager at Blackrock Muni Intermediate
Mr. Michael J. Castellano serves as Independent Trustee of BlackRock Muni Intermediate Duration Fund, Inc. r. Castellano has served as Chief Financial Officer of Lazard Ltd. and as a Managing Director and Chief Financial Officer of Lazard Group. Prior to joining Lazard, Mr. Castellano held various senior management positions at Merrill Lynch Co., including Senior Vice PresidentChief Control Officer for Merrill Lynchs capital markets businesses, Chairman of Merrill Lynch International Bank and Senior Vice PresidentCorporationrate Controller. Prior to joining Merrill Lynch Co., Mr. Castellano was a partner with Deloitte Touche where he served a number of investment banking clients over the course of his 24 years with the firm. Mr. Castellano currently serves as a director for CircleBlack Inc. Mr. Castellanos knowledge of financial and accounting matters qualifies him to serve as a member of each Funds Audit Committee.
Age 75
Tenure 13 years
Phone212 810 5300
Webhttps://www.blackrock.com/investing/products/240205/blackrock-muni-intermediate-duration-fund-inc-usd-fund

Blackrock Muni Management Performance (%)

The company has Return on Asset of 1.2 % which means that on every $100 spent on assets, it made $1.2 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (11.9) %, meaning that it generated no profit with money invested by stockholders. Blackrock Muni's management efficiency ratios could be used to measure how well Blackrock Muni manages its routine affairs as well as how well it operates its assets and liabilities.
Blackrock Muni Intermediate has 742.23 M in debt with debt to equity (D/E) ratio of 0.75, which is OK given its current industry classification. Blackrock Muni Inter has a current ratio of 0.04, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Blackrock Muni until it has trouble settling it off, either with new capital or with free cash flow. So, Blackrock Muni's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Blackrock Muni Inter sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Blackrock to invest in growth at high rates of return. When we think about Blackrock Muni's use of debt, we should always consider it together with cash and equity.

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BlackRock Muni Intermediate Duration Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. BlackRock Muni Intermediate Duration Fund, Inc. was formed on August 1, 2003 and is domiciled in United States. Blackrock Muni is traded on New York Stock Exchange in the United States. The fund is not categorized under any group at the present time.

Management Performance

Blackrock Muni Inter Leadership Team

Elected by the shareholders, the Blackrock Muni's board of directors comprises two types of representatives: Blackrock Muni inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Blackrock. The board's role is to monitor Blackrock Muni's management team and ensure that shareholders' interests are well served. Blackrock Muni's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Blackrock Muni's outside directors are responsible for providing unbiased perspectives on the board's policies.
Henry Gabbay, Independent Trustee
Robert Hubbard, Independent Trustee
Karen Robards, Independent Vice Chairperson of the Board of Trustees
Lorenzo Flores, Independent Trustee
Richard Cavanagh, Independent Co-Chairman of the Board of Trustees
Charles Park, Chief Compliance Officer and Anti-Money Laundering Officer
Frank Fabozzi, Independent Trustee
J Holloman, Independent Trustee
Janey Ahn, Secretary
John Perlowski, President, Chief Executive Officer, Trustee
Michael Castellano, Independent Trustee
Cynthia Egan, Independent Trustee
Jay Fife, Treasurer
Jonathan Diorio, Vice President
Robert Fairbairn, Trustee
Neal Andrews, Chief Financial Officer
Trent Walker, Chief Financial Officer
Catherine Lynch, Independent Trustee
Stayce Harris, Independent Trustee
W Kester, Independent Trustee

Blackrock Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Blackrock Muni a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in Blackrock Fund

Blackrock Muni financial ratios help investors to determine whether Blackrock Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Blackrock with respect to the benefits of owning Blackrock Muni security.
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