M&A - BLACKROCK MUNIYIELD FUND, INC.

Form Type: 425

Filing Date: 2025-01-21

Corporate Action: Merger

Type: New

Accession Number: 000119312525009616

Filing Summary: On January 21, 2025, BlackRock Advisors, LLC announced the approval of reorganizations for several closed-end funds including BlackRock MuniYield Fund, Inc. The planned reorganizations involve combining multiple funds into one, specifically merging BlackRock Investment Quality Municipal Trust, Inc., BlackRock MuniYield Quality Fund II, Inc., and BlackRock MuniYield Fund, Inc. into BlackRock MuniYield Quality Fund, Inc., with the new entity continuing as the surviving fund. The reorganizations aim to provide benefits such as lower expenses and improved market trading conditions for shareholders. Completion of these transactions is anticipated in the third quarter of 2025, pending shareholder approvals and customary closing conditions. Shareholders will be informed through a Proxy Statement which will detail investment objectives, risks, and any related charges and expenses. Investors are encouraged to review the Proxy Statement and other documentation carefully once available.