BlackRock MuniYield PA Quality Fund Proxy Filing

TL;DR

Proxy filing for BlackRock MuniYield PA Quality Fund is out. Vote your shares!

AI Summary

BlackRock MuniYield Pennsylvania Quality Fund filed a Definitive Proxy Statement (DEFA14A) on June 13, 2024. This filing concerns the company's proxy materials, which are used to solicit votes from shareholders for upcoming meetings. 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 contains information and proposals on which they will be asked to vote, impacting the governance and future direction of the fund.

Risk Assessment

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

Key Players & Entities

• BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND (company) — Registrant
• 0001193125-24-160442 (filing_id) — Accession Number
• 20240613 (date) — Filing Date
• 1934 Act (regulation) — SEC Act
• 811-07136 (filing_id) — SEC File Number
• BLACKROCK MUNIYIELD PENNSYLVANIA INSURED FUND (company) — Former Company Name
• 20080620 (date) — Date of Name Change

FAQ

Key Financial Figures

• $13m — y narrowed discount to NAV2 14.5% 6.9% $13m 12/31/2022 5/31/2024 Value for shareho

Filing Documents

• d815600ddefa14a.htm (DEFA14A) — 17KB
• g815600dsp001.jpg (GRAPHIC) — 308KB
• g815600dsp002.jpg (GRAPHIC) — 194KB
• 0001193125-24-160442.txt ( ) — 708KB

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) MPAs annual meeting is June 18. Vote today: Defend your fund, save your income. Dear Shareholder, BlackRock is fighting to protect your Fund, but we need your support. A self-interested hedge fund is seeking control of MPA. Their goal? A quick profit at the expense of your long-term investment. This is not Sabas first takeover attempt, and where they have taken control, shareholders have paid the price with underperformance, deeper discounts, and higher fees. Together, we can prevent a forced takeover and a negative outcome for shareholders. Vote todayonly with your vote can we save your investment and financial future. Thank you, Stephen Minar Managing Director, Closed-End Funds BlackRock delivers for you. This is what is at stake: Returns that outperform peers1 Total shareholder returns (Jan. 2023 to 2024 YTD) 9.9% 7.2% MPA Peer median Significantly narrowed discount to NAV2 14.5% 6.9% $13m 12/31/2022 5/31/2024 Value for shareholders Meaningful, sustainable distribution growth3 Distribution growth over past year 94.1% 77.1% MPA Peer median Institutional Shareholder Services (ISS) recommends4: Vote FOR ALL incumbent MPA Board nominees ? How should you vote? FOR the Board Member Nominees VOTE NOW! Vote online by following the instructions in the email accompanying this letter ! IMPORTANT:Do not return any gold proxy card from Saba 1 Morningstar as of 5/31/2024; Total shareholder return on price annualized for periods longer than 1 year (assumes dividends are reinvested); Peer set includes all closed-end funds in the Morningstar Muni Pennsylvania category (ex-MPA) 2 12/31/2022 5/31/2024; Morningstar/BlackRock data as of 5/31/2024 3 Bloomberg as of 5/24/2024 4 BlackRock Closed-End Funds Press Release (6/11/2024); Permission to cite report was neither sought nor obtained Vote today. Make your voice heard to save your fund and your investment. This is no time for taking chances. We ask that you vote today to preserve your Fund: FOR the Board Member Nominees ! IMPORTANT: Do not return any gold cards sent to you by Saba How do I vote? Vote online Vote online by following the instructions in the email that accompanies this letter: ! Please do NOT send back any 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 online or by phone by following the instructions on your WHITE proxy card, which will replace any prior vote you previously submitted If you have any questions about the proposals 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 trade at a

View Full Filing

View this DEFA14A filing on SEC EDGAR