Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for BlackRock MuniYield Quality Fund, Inc. > News item |
BlackRock MuniYield Quality Fund to redeem $176.63 million preferreds
By Toni Weeks
San Diego, Sept. 16 - BlackRock MuniYield Quality Fund, Inc. will redeem all of its outstanding series A-28, B-7, C-28, D-7 and E-7 auction market preferred shares, according to a filing with the Securities and Exchange Commission.
Each of the 7,065 preferreds has a liquidation preference of $25,000, and the redemption will total $176,625,000.
The redemption will occur over four days according to the following schedule:
• 1,413 series A-28 shares will be redeemed Oct. 25;
• 1,413 series B-7 shares will be redeemed Oct. 11;
• 1,413 series C-28 shares will be redeemed Oct. 7;
• 1,413 series D-7 shares will be redeemed Oct. 7; and
• 1,413 series E-7 shares will be redeemed Oct. 3.
BlackRock is an investment management firm based in New York.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.