BlackRock MuniYield PA Quality Fund Proxy Statement Filed

TL;DR

BlackRock MuniYield PA Quality Fund dropped its proxy statement, shareholders need to vote.

AI Summary

BlackRock MuniYield Pennsylvania Quality Fund (the "Fund") is filing a Definitive Proxy Statement (DEFA14A) on May 16, 2024. This filing concerns the Fund's proxy materials, which are used to solicit votes from shareholders for upcoming meetings. The document details information relevant to shareholder decisions, though specific proposals or meeting dates are not detailed in this excerpt.

Why It Matters

This filing is important for shareholders of the BlackRock MuniYield Pennsylvania Quality Fund as it contains information necessary for them to make informed voting decisions on matters presented by the Fund's management.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not indicate any unusual financial distress or significant operational changes for the fund.

Key Players & Entities

• BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND (company) — Registrant
• 0001193125-24-140648 (filing_id) — Accession Number
• 20240516 (date) — Filing Date

FAQ

Filing Documents

• d753245ddefa14a.htm (DEFA14A) — 11KB
• g753245dsp003.jpg (GRAPHIC) — 140KB
• g753245dsp004.jpg (GRAPHIC) — 128KB
• 0001193125-24-140648.txt ( ) — 382KB

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 Your vote has never mattered more. At MPAs upcoming annual meeting on June 18, activist hedge fund Saba Capital Management (Saba) is threatening your dependable, income-paying investment by attempting to install its own hand-picked Board nominees. If Saba prevails, your Fund - and the consistent monthly income you rely on - will be at risk. BlackRock is fighting for YOU. Vote today ONLY on the WHITE proxy card: FOR the BlackRock Board nominees IMPORTANT: DO NOT RETURN ANY GOLD CARD YOU RECEIVE FROM SABA MPA delivers on its investment objective and provides YOU with tax-exempt income at more than 1.5x peers1 YOUR Board puts YOU first: 41.2% MPA distribution growth over past year VS. 25.5% Peer distribution growth over past year Tax-exempt income MPA has outperformed peers over most timeframes in the past 10 years1 Total Shareholder Return1 Peer median MPA 46.7% Risk diversification Share buybacks 10 years 5 years 6.8% 13.0% 14.9% 48.7% Fee waivers and reductions 9.7% Saba overpromises and underperforms. The risks in supporting Saba include: WIDER DISCOUNTS The funds Saba has commandeered now trade at wider discounts to net asset value since they Saba over HIGHER FEES Saba raised costs, including hidden management fees from underlying funds, at both closed- end funds Saba took over RISKY STRATEGIES Saba forces their funds investments into risky, speculative strategies, like SPACs, crypto and hedge funds 1. Bloomberg as of 4/30/24; Peer set includes VPV and NQP; Total shareholder return on price (assumes dividends are reinvested) We ask that all shareholders vote on the enclosed WHITE proxy card today to preserve YOUR Fund: Using the WHITE proxy card, your qualified Board unanimously recommends voting FOR the Boards Nominees, who have created value for all shareholders. DO NOT RETURN ANY GOLD CARD SENT TO YOU BY SABA, AS YOUR BLACKROCK VOTE WILL BE VOIDED How do I vote? Vote online Using the website provided on your enclosed WHITE proxy card and following the simple instructions Vote by phone By calling the toll-free number on your enclosed WHITE proxy card and following the simple instructions Vote by mail By completing and returning your enclosed WHITE proxy card in the postage paid envelope provided Please do NOT send back any gold proxy card you may receive from Saba If you have already sent back the proxy card 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 performance and are no guarantee of future results. Current performance may be lower or higher than the performance data quoted. All returns assume reinvestment of all dividends. The market value and net asset value (NAV) of a funds shares will fluctuate with market conditions. Closed-end funds may trade at a premium to NAV but often t

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View this DEFA14A filing on SEC EDGAR