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BlackRock MuniYield New Jersey Quality Fund, Inc.
Ticker Symbol: MJI* CUSIP: 09255A100 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/13/2015
Company's Online Profile
FUND DESCRIPTION: BlackRock MuniYield New Jersey Quality Fund, Inc., formerly BlackRock MuniYield New Jersey Insured Fund, 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 New Jersey Quality Fund, Inc. seeks to provide shareholders with a high level of income exempt from federal income taxes and New Jersey personal income tax. FUND STRATEGY: The Fund invests at least 80% of its assets in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and New Jersey personal income taxes. Under normal market conditions, the Fund invests primarily in long-term municipal obligations that are investment grade quality 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.
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Notes: April 1, 2015 -- BlackRock Advisors, LLC today announced the declaration of special distributions for BlackRock MuniYield New Jersey Quality Fund, Inc. (NYSE:MJI) and BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) in connection with the reorganization of MJI into MUJ, with MUJ continuing as the surviving Fund. MJI and MUJ are declaring special distributions that will be payable on May 1, June 1, and July 1, 2015. The ex-dividend date for the Distributions is April 8, 2015, and the record date is April 10, 2015. Accordingly, persons who are holders of record of either MJI or MUJ common shares on April 10, 2015 should expect to receive all three Distributions. Distributions payable to shareholders of MJI will be paid in cash. It is currently expected that the Reorganization will be completed with the open for business of the New York Stock Exchange on April 13, 2015, subject to all regulatory requirements and customary closing conditions being satisfied. The Reorganization, if completed, would occur based on the relative net asset values of the common shares of MJI and MUJ. In addition, MJI preferred shareholders will receive on a one-for-one basis MUJ preferred shares in an amount equal to the aggregate preferred share liquidation preference held by MJI preferred shareholders immediately prior to the Reorganization.
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IPO - 11/4/1992 -
Previous Name: BlackRock MuniYield New Jersey Insured Fund Changed: 11/09/2010
Small Cap Stock -
Market Value $130.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 100 Bellevue Parkway, Wilmington, DE 19809 |
| Main Phone Number |
800-882-0052 |
| Fax Number |
Not Available |
| Investor Contact
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800-441-7762
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| Toll Free Phone Number |
800-441-7762 |
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