MIY - BlackRock MuniYield Michigan Quality Fund

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Sept 10, 2026

   The fund said it will repay some borrowed money on Oct 2, 2026.

   Original document →

2. Feb 27, 2026

   The fund said it will repay some borrowed money on April 1, 2026.

   Original document →

3. Sept 11, 2025

   The fund said it will repay some borrowed money on Oct 11, 2025.

   Original document →

4. Sept 8, 2025

   The fund proposed folding into MYI. Holders vote on Oct 15, 2025. Latest document Aug 12, 2025.

   Original document →

5. Sept 2, 2025

   The fund proposed folding into MYI. Holders vote on Oct 15, 2025.

   Original document →

About this fund

• Run by BlackRock Advisors, LLC. Part of the BlackRock-advised Funds fund family. As of July 31, 2025, from the fund's yearly report. Original document →
• Size: about $359 million of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 40% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. About 99% of that is money the fund has borrowed by selling preferred shares. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.5% a year in management fees; 3.3% a year in total, including interest on borrowed money. Fiscal year ended July 31, 2025. As of July 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended July 31, 2025) the fund paid $0.64 a share. $0.43 of that was income; $0.21 was your own money back, not income. As of July 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (July 31, 2025): $11.73. The shares traded at $10.91, about 7% below that. As of July 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 0.9% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +7.8%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended July 31, 2025): the value of the holdings returned -5.2%. How the share price did: the shares returned -0.7% over the same year, counting payouts and the change in the market price. As of July 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 1994.

What the fund holds

Almost all tax-free municipal bonds (100%). About 100% issued in the U.S.

1. Lansing Board of Water & Light, Lansing Mich Brd Wtr & Lt Util Sys Rev - 9.1%
2. State of Michigan Trunk Line Revenue, Michigan St Trunk Line - 5.3%
3. Troy School District/MI, Troy MI City Sch Dist - 5.2%
4. Michigan Strategic Fund, Michigan St Strategic Fund Ltd Oblg Revenue - 7%
5. Great Lakes Water Authority Water Supply System Revenue, Great Lakes MI Wtr Auth Wtr Sply Sys Revenue - 3.5%
6. Michigan State Hospital Finance Authority, Michigan St Hosp Fin Auth - 3.1%
7. Michigan State University, Michigan St Univ Revenues - 3%
8. City of Lansing MI, Lansing MI - 2.7%
9. L'Anse Creuse Public Schools, L'anse Creuse MI Public Schs - 2.7%
10. Michigan Finance Authority, Michigan St Fin Auth Act 38 Facs Senior Reveue - 2.6%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →