BlackRock MuniYield Michigan Quality Fund, Inc.
New York Stock ExchangeRecent
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- BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) operates as a closed-end fixed income mutual fund that seeks to provide shareholders with a high level of current income exempt from federal income taxes and Michigan state income taxes; it achieves this objective by investing at least 80% of its assets in investment-grade, long-term municipal obligations issued by or on behalf of the State of Michigan, its political subdivisions, agencies, and instrumentalities, including insured municipal bonds, general obligation bonds, revenue bonds, and pre-refunded bonds. The fund's portfolio primarily comprises Michigan-focused holdings such as Lansing Board of Water & Light utility revenue bonds, Michigan State Trunk Line bonds, Michigan Strategic Fund limited obligation bonds, Great Lakes Water Authority water supply bonds, and Michigan State University revenue bonds; it targets Michigan residents seeking tax-exempt income and employs leverage through preferred shares and other instruments to enhance yield. Managed by BlackRock Advisors, LLC, with a gross expense ratio of 3.39% including a 0.80% management fee and 2.48% interest expense, the fund was founded in 1992 and is headquartered in Wilmington, Delaware. In June 2025, BlackRock announced board approval for the reorganization of MIY, along with BlackRock MuniVest Fund, Inc. (MVF) and BlackRock MuniVest Fund II, Inc. (MVT), into BlackRock MuniYield Quality Fund III, Inc. (MYI), pending shareholder approval at a meeting scheduled for October 15, 2025; this strategic consolidation aims to deliver scale benefits to municipal closed-end fund investors. The fund maintains monthly distributions, recently increasing its dividend to $0.0545 per share in 2025.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
BlackRock Announces Withdrawal of Municipal Closed-End Fund Merger Proposals
BlackRock Announces Board Approval of Municipal Closed-End Fund Mergers
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update
CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update
BlackRock to Host Municipal Closed-End Fund Update Call on April 6, 2023 at 2:00pm ET
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
BlackRock Closed-End Fund Share Repurchase Program Update
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
BlackRock Closed-End Fund Share Repurchase Program Update
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
BlackRock Closed-End Funds Announce Renewal of Share Repurchase Programs
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
BlackRock Closed-End Fund Share Repurchase Program Update