M&A - BLACKROCK MUNIYIELD FUND, INC.
Form Type: 425
Filing Date: 2025-06-09
Corporate Action: Merger
Type: New
Accession Number: 000119312525137887
Filing Summary: On June 9, 2025, BlackRock MuniYield Fund, Inc. announced that the Boards of Directors/Trustees of several closed-end funds, including BlackRock MuniYield Fund, Inc., have approved significant reorganizations and mergers aimed at enhancing scale benefits for their shareholders. Key planned mergers involve the reorganization of multiple funds into fewer acquiring funds, with the completion contingent upon shareholder approvals and customary closing conditions. The mergers include the transfer of assets from BlackRock MuniYield Fund, Inc. into BlackRock MuniYield Quality Fund, Inc., alongside other previously approved and ongoing reorganizations set for October 15, 2025. This initiative reflects BlackRock's strategy to streamline operations and optimize shareholder value through scale. Shareholders will be provided with updates through proxy statements and will need to consider detailed investment objectives and risks associated with these changes.
Additional details:
Subject Company: BlackRock MuniYield Fund, Inc.
Investment Company Act File No: 811-06414
Shareholder Meeting Date: 2025-10-15
Acquiring Funds: ["BlackRock MuniAssets Fund, Inc.","BlackRock MuniHoldings California Quality Fund, Inc.","BlackRock MuniYield New York Quality Fund, Inc.","BlackRock MuniYield Quality Fund, Inc.","BlackRock MuniHoldings Fund, Inc.","BlackRock MuniYield Quality Fund III, Inc."]
Target Funds: ["BlackRock Long-Term Municipal Advantage Trust","BlackRock California Municipal Income Trust","BlackRock New York Municipal Income Trust","BlackRock MuniYield Fund, Inc.","BlackRock MuniYield Quality Fund II, Inc.","BlackRock Investment Quality Municipal Trust, Inc.","BlackRock Virginia Municipal Bond Trust","BlackRock MuniYield Pennsylvania Quality Fund","BlackRock MuniHoldings Quality Fund II, Inc.","BlackRock Municipal Income Trust","BlackRock Municipal Income Quality Trust","BlackRock Municipal Income Trust II","BlackRock MuniVest Fund, Inc.","BlackRock MuniVest Fund II, Inc.","BlackRock MuniYield Michigan Quality 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.
Additional details:
Subject Company: BlackRock MuniYield Fund, Inc.
Investment Company Act File No: 811-06414
Contact Number: 1-800-882-0052
Surviving Fund: BlackRock MuniYield Quality Fund, Inc. (NYSE: MQY)
Reorganizations Expected Completion: third quarter of 2025
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