BlackRock MuniYield PA Quality Fund Files Proxy Statement

TL;DR

Proxy filing from BlackRock MuniYield PA Quality Fund - shareholders vote soon.

AI Summary

BlackRock MuniYield Pennsylvania Quality Fund (the "Fund") is filing a Definitive Proxy Statement (DEFA14A) on April 30, 2024. This filing concerns matters to be voted on by shareholders, likely related to fund governance or operations. The Fund, previously known by several other names including BlackRock MuniYield Pennsylvania Fund, is incorporated in New Jersey and has a fiscal year end of June 30.

Why It Matters

This filing is important for shareholders as it outlines proposals requiring their vote, impacting the governance and future direction of the BlackRock MuniYield Pennsylvania Quality Fund.

Risk Assessment

Risk Level: low — This is a routine proxy filing for a mutual fund, not indicating any immediate financial distress or significant operational change.

Key Players & Entities

• BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND (company) — Registrant
• 0000891038 (company) — Central Index Key
• 223199516 (company) — IRS Number
• 100 BELLEVUE PARKWAY (company) — Business Address
• WILMINGTON (company) — Business City
• DE (company) — Business State
• 19809 (company) — Business Zip
• 800-441-7762 (company) — Business Phone
• BLACKROCK MUNIYIELD PENNSYLVANIA INSURED FUND (company) — Former Company Name
• 20080620 (company) — Date of Name Change

FAQ

Key Financial Figures

• $185 billion — leader in Municipal bond investing with $185 billion in Municipal Assets Under Management, i
• $20 billion — ipal Assets Under Management, including $20 billion in closed-end Municipal funds. BlackRoc
• $5 million — 3 Voluntarily repurchased approximately $5 million of shares, adding over $700K to MPAs ne
• $700K — ately $5 million of shares, adding over $700K to MPAs net asset value since inception

Filing Documents

• d807638ddefa14a.htm (DEFA14A) — 14KB
• g807638g01h01.jpg (GRAPHIC) — 221KB
• g807638g02h02.jpg (GRAPHIC) — 261KB
• g807638g03h03.jpg (GRAPHIC) — 164KB
• g807638g04h04.jpg (GRAPHIC) — 74KB
• 0001193125-24-125253.txt ( ) — 1007KB

From the Filing

MUNIYIELD PENNSYLVANIA QUALITY FUND BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Definitive Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Your vote matters BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA) Outperformance1 #1 Performing Fund in peer group in 2023 9.7% Return on market price in 2023, outperforming 100% of competitor funds Monthly Tax-Exempt Income2 7.9% Tax equivalent yield 41% Increase in monthly distributions since November 2023 The future of your long-term investment depends on you At this years upcoming Annual Meeting on June 18, we are asking all MPA shareholders to make their voices heard and protect their investment. An activist hedge fund, Saba Capital Management L.P. (Saba), is attempting to take control of a majority of the Board which may potentially change your Funds strategy and its ability to deliver the consistent, stable income you rely on. Vote on the enclosed white proxy card today: FOR BlackRock Board nominees BlackRock brings best-in-class expertise and deep experience as investment advisor BlackRock is a leader in Municipal bond investing with $185 billion in Municipal Assets Under Management, including $20 billion in closed-end Municipal funds. BlackRock Municipal CEFs leverage a team of 53 dedicated Municipal professionals with an average 23+ years of investment experience4 Management fee ranks in the 1st quartile relative to peers3 Voluntarily repurchased approximately $5 million of shares, adding over $700K to MPAs net asset value since inception4 1. Morningstar data as of March 31, 2024. Peer group reflects the Morningstar Closed-End Muni Pennsylvania category 2. Morningstar data as of March 31, 2024. Assumes a federal tax rate of 37.00% and a Pennsylvania tax rate of 3.07% for a total combined rate of 40.07% 3. Broadridge data as of 12/31/2023. Peer group reflects Broadridge Expense Group for MPA 4. BlackRock data as of March 31, 2024 Your Board is under attack by a self-serving activist hedge fund. Protect your long-term investment by voting for your board-recommended nominees on the enclosed white card Your BlackRock Board nominees up for election Cynthia L. Egan Former President of Retirement Plan Services at T. Rowe Price Group. Board Chair for The Hanover Insurance Group and Lead Independent Director for Huntsman Corporation Catherine A. Lynch, CFA Former Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment. Board Director for PennyMac Mortgage Investment Trust Lt Gen Stayce D. Harris Retired Lieutenant General, Former Inspector General, Office of the Secretary of the U.S. Air Force. Board Director for The Boeing Company Lorenzo A. Flores Chief Financial Officer at Intel Foundry. Former Vice Chairman at Kioxia, Inc. Former Chief Financial Officer and Corporate Controller at Xilinx, Inc. R. Glenn Hubbard Former Chairman of the U.S. Council of Economic Advisers of the POTUS. Dean Emeritus of Columbia University Graduate School of Business. Professor of Finance and Economics W. Carl Kester Professor of Business Administration, Emeritus at Harvard Business School. Professor and author in finance, expert in corporate finance and corporate governance J. Phillip Holloman Former President and Chief Operating Officer of Cintas Corporation and director of PulteGroup, Inc. and Rockwell Automation Inc. Arthur P. Steinmetz Former Chairman, Chief Executive Officer and President of the Oppenheimer Funds, Inc. Former Director of ScotiaBank (U.S.) John M. Perlowski President and Chief Executive Officer of BlackRocks US Retail Mutual Funds Robert Fairbairn Vice Chairman and member of the Global Executive Committee at BlackRock Experience Actions to protect all shareholders Business & governance expertise Execution for the long term Vote for your Directors on the enclosed white proxy card BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA) Please do NOT send back any proxy card you may receive from Saba We ask that all shareholders vote on the enclosed white proxy card to preserve your Fund: FOR BlackRock Board nominees How do I vote? Vote online Using the website provided on your enclosed white proxy card and following t

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View this DEFA14A filing on SEC EDGAR