BlackRock MuniYield PA Quality Fund Files Proxy Materials

TL;DR

BlackRock MuniYield PA Quality Fund dropped more proxy docs. Shareholders, pay attention.

AI Summary

BlackRock MuniYield Pennsylvania Quality Fund filed a Definitive Additional Materials (DEFA14A) on May 10, 2024. This filing relates to the fund's proxy statement, indicating potential shareholder votes or important corporate actions. The filing does not contain specific financial figures or proposals but serves as supplementary material to a prior proxy statement.

Why It Matters

This filing is important for shareholders as it provides additional information related to the fund's governance and potential decisions that could impact their investment.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement supplement and does not inherently present new financial risks.

Key Players & Entities

• BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND (company) — Registrant
• 0001193125-24-136271 (filing_id) — Accession Number
• 20240510 (date) — Filing Date

FAQ

Key Financial Figures

• $5 million — s prevent a hedge fund MPA bought back ~$5 million from lining its pockets with YOUR savin
• $700K — th YOUR savings. of shares, adding over $700K in value since inception2 How does your

Filing Documents

• d784747ddefa14a.htm (DEFA14A) — 12KB
• g784747g01g01.jpg (GRAPHIC) — 288KB
• g784747g02g02.jpg (GRAPHIC) — 202KB
• 0001193125-24-136271.txt ( ) — 688KB

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) Defend YOUR Fund, Save YOUR Income BlackRock is fighting for YOU. Help YOUR Fund by voting on the WHITE card. 35+ Years Why am I receiving this letter? BlackRock has been a closed- This years Annual Meeting on June 18th will be different. Activist hedge fund end fund leader since 1988 Saba Capital Management, L.P. (Saba) is trying to take over a majority of YOUR Board. YOUR experienced board and BlackRock ensure the stability and consistency of YOUR income. #1 Fund Sabas self-serving agenda will harm shareholders and put YOUR income and YOUR investment at risk. YOUR experienced Board and We believe that Sabas motives conflict with YOUR best interests as a investment managers have led MPA to be the top shareholder. They pretend to be on YOUR side, but we have seen Saba take performing fund in its peer self-serving actions time and again to make a quick profit for their wealthy 1 group in 2023 investors, which may result in harmful outcomes for shareholders. × Loss of income that YOU rely on × Higher fees × Riskier investments and increased volatility × Poor performance as a closed-end fund manager Share × Liquidation, which means forced selling at fire sale prices and tax consequences for YOU Repurchases Protect YOUR financial future and help us prevent a hedge fund MPA bought back ~$5 million from lining its pockets with YOUR savings. of shares, adding over $700K in value since inception2 How does your independent, qualified Board recommend that you vote? Using the WHITE proxy card, your Board unanimously recommends voting FOR the Boards Nominees, who have created value for all shareholders. IMPORTANT: Please do NOT send back any proxy card you may receive Increased from Saba as this will cancel your prior vote on the Boards card. Only Distributions your latest dated proxy will count at the Annual Meeting. MPA increased monthly distributions by 41% since November 20233 1. Morningstar data as of April 30, 2024. Peer group reflects the Morningstar Closed-End Muni Pennsylvania category 2. BlackRock data as of April 30, 2024 3. Morningstar data as of April 30, 2024 We ask that all shareholders vote on the enclosed WHITE proxy card today to preserve YOUR Fund: FOR BlackRock Board nominees How do I vote? Vote online Vote by phone Vote by mail Using the website provided By calling the toll-free By completing and on your enclosed white number on your enclosed returning your enclosed proxy card and following white proxy card and white proxy card in the the simple instructions following the simple postage paid envelope instructions provided Please do NOT send back any proxy card you may receive from Saba If you have already sent back the proxy card you received from Saba, you can still change your vote by promptly voting on the WHITE proxy card, which will replace the proxy card you previously completed. If you have any questions about the proposal to be voted, please feel free to contact Georgeson LLC (Georgeson), toll free at 1-866-529-0352. Important information about the Fund This material is not an advertisement and is intended for existing shareholder use only. This document and the information contained herein relates solely to BlackRock MuniYield Pennsylvania Quality Fund (MPA). The information contained herein does not relate to, and is not relevant to, any other fund or product sponsored or distributed by BlackRock or any of its affiliates. This document is not an offer to sell any securities and is not a solicitation of an offer to buy any securities. Common shares for the closed-end fund identified above are only available for purchase and sale at current market price on a stock exchange. A closed-end funds dividend yield, market price and NAV will fluctuate with market conditions. The information for this Fund is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Performance results reflect past perfo

View Full Filing

View this DEFA14A filing on SEC EDGAR