Blackrock MuniYield California Fund, Inc.
New York Stock ExchangeRecent
price
P/E
ratio
div
yld
- -
ROIC.AI
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Similar Companies
- Business
- BlackRock MuniYield California Fund, Inc. (NYSE: MYC) is a closed-end fixed income mutual fund that seeks to provide shareholders with a high level of current income exempt from federal and California income taxes by investing primarily in a portfolio of long-term investment-grade municipal bonds issued by California governmental entities; it also invests in short-term securities and may employ leverage through preferred shares or other means. The Fund, launched by BlackRock, Inc. and managed by BlackRock Advisors, LLC, was formed on February 28, 1991, and is domiciled in the United States with operations focused on California municipal obligations for tax-exempt income targeting individual and institutional investors seeking state-specific tax advantages. In April 2022, the Fund underwent a significant reorganization, merging with and into BlackRock MuniHoldings California Quality Fund, Inc. (NYSE: MUC), whereby MYC common shareholders received MUC common shares based on net asset value exchange ratios of approximately 1.0139 (MYC to MUC) and preferred shareholders exchanged on a one-for-one basis; this consolidation aimed to enhance scale and efficiency within BlackRock's municipal closed-end fund lineup, with no further standalone activity for MYC thereafter.
BlackRock Announces Closing of Reorganizations of Three Municipal Closed-End Funds
BlackRock Announces Special Distributions Related to the Reorganization of Three Municipal Closed-End Funds
BlackRock Announces Special Distributions Related to the Reorganization of Three Municipal Closed-End Funds
BlackRock Announces Results of Shareholder Vote at Adjourned Joint Special Shareholder Meeting Relating to the Reorganizations of Three Municipal Closed-End Funds
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
BlackRock Announces Results of Joint Special Shareholder Meeting Relating to the Reorganizations of Three Municipal 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
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
Certain Closed-End Funds Announce Renewal of Share Repurchase Programs
BlackRock Announces Board Approval of California Municipal Closed-End Fund Reorganizations
BlackRock Announces Board Approval of California Municipal Closed-End Fund Reorganizations
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
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