Liquidation: BLACKROCK MUNIYIELD QUALITY FUND, INC.
Form Type: N-23C-2
Filing Date: 2025-03-05
Corporate Action: Liquidation
Type: New
Accession Number: 000119312525047081
Filing Summary: BlackRock MuniYield Quality Fund, Inc. notifies the SEC about the redemption of Series W-7 Variable Rate Demand Preferred Shares. The redemption period is set from April 1, 2025, to October 1, 2025. The company may redeem up to 67% of the outstanding Series W-7 VRDP Shares, amounting to 1,508 shares, on a pro rata basis. Holders will receive a liquidation preference of $100,000 per share, alongside accrued and unpaid dividends up until the redemption date. The redeemed shares will be managed in book-entry form through the Depository Trust Company, and payment will be facilitated by The Bank of New York Mellon.
Document Link: View Document
Additional details:
Title Of Security: Series W-7 Variable Rate Demand Preferred Shares
Redemption Period Start: 2025-04-01
Redemption Period End: 2025-10-01
Percentage Of Redemption Allowed: 67%
Number Of Shares Redeemed: 1508
Liquidation Preference Per Share: 100000
Dividend Status: cease to accumulate after redemption
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