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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 09254F100
- Market Cap
- Large Cap · $1 Billion
- IPO
- 7/21/1992
- Previous Name
- MuniYield Quality Fund, Inc.
- Parent Company
- BlackRock, Inc. (BLK)
Fund Description: BlackRock MuniYield Quality Fund, Inc. formerly MuniYield Quality Fund, Inc., is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The BlackRock MuniYield Quality Fund, Inc. seeks to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. FUND STRATEGY: The Fund will invest at least 80% of its assets in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax). The Fund invests in municipal bonds which are in the three highest quality rating categories (A or better) or, if unrated, of comparable quality at the time of investment. The Fund invests primarily in long-term municipal bonds with maturities of more than ten years at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives. FUND MANAGEMENT: BlackRock Advisors, LLC serves as the Fund’s investment adviser. BlackRock Investment Management LLC. serves as sub-adviser.
Notes: April 19. 2021 -- BlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (“BZM”, CUSIP: 09249L105), BlackRock Massachusetts Tax-Exempt Trust (“MHE”, CUSIP: 09258E109), BlackRock MuniYield Arizona Fund, Inc. (“MZA”, CUSIP: 09254K109), BlackRock MuniYield Investment Fund (“MYF”, CUSIP: 09254R104), BlackRock MuniEnhanced Fund, Inc. (“MEN”, CUSIP: 09253Y100) and BlackRock MuniYield Quality Fund, Inc. (“MQY”, CUSIP: 09254F100 and collectively with BZM, MHE, MZA, MYF and MEN, the “Funds”) is effective as of the opening for business of the New York Stock Exchange on Monday, April 19, 2021.
In the Reorganizations, common shareholders of BZM, MHE, MZA, MYF and MEN received an amount of MQY common shares equal to the aggregate net asset value of their holdings of BZM, MHE, MZA, MYF and MEN common shares as determined at the close of business on April 16, 2021. Fractional shares of MQY common shares were not issued in the Reorganizations and consequently cash will be distributed for any such fractional shares.
Company Contact
- Headquarters
- 40 East 52nd Street, New York, NY 10022
- Phone
- 800-882-0052 · Toll-Free 800-441-7762
- Investor Relations
- 800-441-7762 · invrel@blackrock.com.