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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 09253W104
- Market Cap
- Mid Cap · $701 Million
- IPO
- 11/29/1991
- Previous Name
- MuniYield Fund, Inc
- Parent Company
- BlackRock, Inc. (BLK)
Fund Description: BlackRock MuniYield Fund, Inc., formerly MuniYield 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 Fund, Inc. seeks a high level of current income exempt from federal income FUND STRATEGY: The Fund invests 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, under normal market conditions, at least 75% of its assets in municipal bonds rated investment grade and invests primarily in long-term municipal bonds with a maturity 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.
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.