M&A - BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND

Form Type: 425

Filing Date: 2025-06-09

Corporate Action: Merger

Type: New

Accession Number: 000119312525137906

Filing Summary: On June 9, 2025, BlackRock Advisors, LLC announced that the Boards of Directors/Trustees of several closed-end funds, including the BlackRock MuniYield Pennsylvania Quality Fund, have approved a series of reorganizations and mergers aimed at enhancing scale benefits for shareholders. The outlined reorganizations involve merging various funds into acquiring funds, highlighting the consolidation of closed-end municipal funds under BlackRock. This includes specific funds such as the BlackRock Long-Term Municipal Advantage Trust and others being reorganized into the BlackRock MuniYield Quality Fund. The shareholder meeting for the approvals is scheduled for October 15, 2025, with completions subject to approvals from shareholders and customary closing conditions. This strategic move aims to create significant efficiencies and benefits for investors in the municipal fund space.