MPA - BlackRock MuniYield Pennsylvania Quality Fund

What this means for you

One or more large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

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. May 15, 2026

   RiverNorth cut its stake to 6.9% (from 8.2%), as a passive investor.

   Original document →

3. Feb 27, 2026

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

   Original document →

4. Feb 17, 2026

   RiverNorth now owns 8.2%, as a passive investor.

   Original document →

5. Sept 11, 2025

   The fund said it will repay some borrowed money on Oct 11, 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 $159 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 39% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. About 80% 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; 3.2% 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 $0.79 a share. $0.39 of that was income; $0.40 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): $11.66. The shares traded at $10.66, about 8.6% below that. As of July 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 0.5% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +8.7%. 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 -4.3%. How the share price did: the shares returned -7.6% 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

Mostly tax-free municipal bonds (95%), the rest cash and short-term holdings. About 100% issued in the U.S.

1. Cash and short-term - 8.2%
2. Pennsylvania Higher Educational Facilities Authority - 6.3%
3. Southeastern Pennsylvania Transportation Authority, S Estrn PA Transprtn Auth - 5.3%
4. Philadelphia Gas Works, Philadelphia PA Gas Wks Revenue - 8%
5. Shaler Area School District/PA, Shaler PA Area Sch Dist - 3.3%
6. Pennsylvania Turnpike Commission Oil Franchise Tax Revenue, Pennsylvania St Turnpike Commission Oil Franchise Tax Revenu - 2.9%
7. Pennsylvania Higher Educational Facilities Authority, Pennsylvania St Hgr Eductnl Facs Auth Revenue - 5.2%
8. City of Philadelphia PA Airport Revenue, Philadelphia PA Arpt Revenue - 2.6%
9. Pennsylvania Housing Finance Agency, Pennsylvania St Hsg Fin Agy Sf Mtge Revenue - 6.3%
10. Pennsylvania Economic Development Financing Authority, Pennsylvania St Econ Dev Fing Auth Upmc Revenue - 2.3%

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