M&A - BLACKROCK MUNIYIELD QUALITY FUND II, INC.

Form Type: 425

Filing Date: 2025-06-09

Corporate Action: Merger

Type: New

Accession Number: 000119312525137891

Filing Summary: On June 9, 2025, BlackRock Advisors, LLC announced board approvals for multiple mergers involving BlackRock MuniYield Quality Fund II, Inc. and other closed-end funds under their management. The reorganizations aim to deliver significant scale benefits to municipal closed-end fund (CEF) shareholders. The announcement includes details of several funds being merged into acquiring funds: BlackRock Long-Term Municipal Advantage Trust into BlackRock MuniAssets Fund, BlackRock California Municipal Income Trust into BlackRock MuniHoldings California Quality Fund, and various other reorganizations including MQT being consolidated into BlackRock MuniYield Quality Fund, Inc. (MQY). A shareholder meeting is scheduled for October 15, 2025, to approve the reorganizations. The completion of these mergers is contingent on approvals from common and preferred shareholders and customary closing conditions. The press release clarifies that this announcement is not an offer to purchase or sell shares, with official documentation to be filed later with the SEC for the necessary solicitations.

Form Type: 425

Filing Date: 2025-01-21

Corporate Action: Merger

Type: New

Accession Number: 000119312525009611

Filing Summary: On January 21, 2025, BlackRock Advisors, LLC announced the approval by the Boards of Directors/Trustees of several closed-end funds for reorganization. The reorganization includes merging BlackRock Municipal Income Trust II (BLE), BlackRock Municipal Income Quality Trust (BYM), and BlackRock Municipal Income Trust (BFK) into BlackRock MuniHoldings Fund, Inc. (MHD), with MHD being the surviving fund. Additionally, BlackRock Investment Quality Municipal Trust, Inc. (BKN), BlackRock MuniYield Quality Fund II, Inc. (MQT), and BlackRock MuniYield Fund, Inc. (MYD) will be merged into BlackRock MuniYield Quality Fund, Inc. (MQY), which will continue as the surviving fund. Finally, BlackRock Long-Term Municipal Advantage Trust (BTA) is set to merge into BlackRock MuniAssets Fund, Inc. (MUA) with MUA continuing as the surviving entity. The reorganizations are expected to provide benefits such as lower expenses, increased income, and improved trading conditions for shareholders, pending the requisite shareholder approvals and customary closing conditions. The complete process is anticipated to be finalized by the third quarter of 2025.