{"id":920620,"date":"2025-12-17T10:50:09","date_gmt":"2025-12-17T15:50:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2\/"},"modified":"2025-12-17T10:50:09","modified_gmt":"2025-12-17T15:50:09","slug":"blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2\/","title":{"rendered":"BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignc { margin-left: auto; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignm { vertical-align: middle }\n.bwwidth100 { width: 100% }\n.bwwidth25 { width: 25% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBlackRock Advisors, LLC (\u201cBlackRock\u201d) announced today that shareholders of each of the closed-end funds named below (each, a \u201cFund\u201d and collectively, the \u201cFunds\u201d) have approved the following reorganizations (each, a \u201cReorganization\u201d and collectively, the \u201cReorganizations\u201d).\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nReorganizations of BlackRock MuniYield Fund, Inc. (MYD), BlackRock MuniYield Quality Fund II, Inc. (MQT) and BlackRock Investment Quality Municipal Trust, Inc. (BKN) with and into BlackRock MuniYield Quality Fund, Inc. (MQY)\n<\/li>\n<\/ul>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignc bwwidth100\">\n<tr>\n<td colspan=\"4\" class=\"bwtopsingle bwsinglebottom bwrowaltcolor0 bwpadl0 bwvertalignm\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>BlackRock Municipal Reorganization Summary<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwwidth25 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Acquiring Fund<\/b><\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwsinglebottom bwpadl0 bwvertalignm bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Target Funds<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwwidth25 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>MQY<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwwidth25 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nMYD\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwwidth25 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nMQT\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwpadl0 bwvertalignm bwwidth25 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nBKN\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nIt is currently expected that the Reorganizations will be completed in February 2026, subject to the satisfaction of customary closing conditions. The Reorganizations, if completed, would occur based on the relative net asset values of each Fund\u2019s common shares at the time of the applicable Reorganization. The Reorganizations are expected to be non-taxable events.\n<\/p>\n<p>\nNote: The previously proposed reorganizations of BlackRock Virginia Municipal Bond Trust (BHV) and BlackRock MuniYield Pennsylvania Quality Fund (MPA) with and into MQY will not take place as the vote requirement was not achieved for BHV or MPA. Therefore, BHV and MPA will continue to operate as standalone funds.\n<\/p>\n<p><b>About BlackRock<\/b><\/p>\n<p>\nBlackRock\u2019s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.blackrock.com%2Fcorporate&amp;esheet=54378636&amp;newsitemid=20251216639085&amp;lan=en-US&amp;anchor=www.blackrock.com%2Fcorporate&amp;index=1&amp;md5=83b394afc20d632ed92581315db6eced\">www.blackrock.com\/corporate<\/a>.\n<\/p>\n<p><b>Availability of Fund Updates<\/b><\/p>\n<p>\nBlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the \u201cClosed-end Funds\u201d section of <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.blackrock.com&amp;esheet=54378636&amp;newsitemid=20251216639085&amp;lan=en-US&amp;anchor=www.blackrock.com&amp;index=2&amp;md5=9555b6cf3f6a71cd50bd6b28a720345c\">www.blackrock.com<\/a> as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock\u2019s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock\u2019s website in this release.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release, and other statements that BlackRock or the Funds may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Funds or BlackRock\u2019s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as \u201ctrend,\u201d \u201cpotential,\u201d \u201copportunity,\u201d \u201cpipeline,\u201d \u201cbelieve,\u201d \u201ccomfortable,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201ccurrent,\u201d \u201cintention,\u201d \u201cestimate,\u201d \u201cposition,\u201d \u201cassume,\u201d \u201coutlook,\u201d \u201ccontinue,\u201d \u201cremain,\u201d \u201cmaintain,\u201d \u201csustain,\u201d \u201cseek,\u201d \u201cachieve,\u201d and similar expressions, or future or conditional verbs such as \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cmay\u201d or similar expressions.\n<\/p>\n<p>\nBlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.\n<\/p>\n<p>\nWith respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for a Fund or a Fund\u2019s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to the Funds or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and\/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock\u2019s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.\n<\/p>\n<p>\nAnnual and Semi-Annual Reports and other regulatory filings of the Funds with the SEC are accessible on the SEC&#8217;s website at <b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54378636&amp;newsitemid=20251216639085&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=3&amp;md5=4d2e385d1fcf5f7b6098276865f0013a\">www.sec.gov<\/a><\/b>and on BlackRock\u2019s website at <b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.blackrock.com&amp;esheet=54378636&amp;newsitemid=20251216639085&amp;lan=en-US&amp;anchor=www.blackrock.com&amp;index=4&amp;md5=b52da29bd6cd7732561aa88e9bacca06\">www.blackrock.com<\/a><\/b>, and may discuss these or other factors that affect the Funds. The information contained on BlackRock\u2019s website is not a part of this press release.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20251216639085r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20251216639085\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20251216639085\/en\/<\/a><\/span><\/p>\n<p>\n1-800-882-0052\n<\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Asset Management Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251216639085\/en\/2080851\/3\/BLK_eng_black_rgb.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations NEW YORK&#8211;(BUSINESS WIRE)&#8211; BlackRock Advisors, LLC (\u201cBlackRock\u201d) announced today that shareholders of each of the closed-end funds named below (each, a \u201cFund\u201d and collectively, the \u201cFunds\u201d) have approved the following reorganizations (each, a \u201cReorganization\u201d and collectively, the \u201cReorganizations\u201d). Reorganizations of BlackRock MuniYield Fund, Inc. (MYD), BlackRock MuniYield Quality Fund II, Inc. (MQT) and BlackRock Investment Quality Municipal Trust, Inc. (BKN) with and into BlackRock MuniYield Quality Fund, Inc. (MQY) BlackRock Municipal Reorganization Summary Acquiring Fund Target Funds MQY MYD MQT BKN It is currently expected that the Reorganizations will be completed in February 2026, subject to the satisfaction of customary closing conditions. The Reorganizations, if completed, would occur based on the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-920620","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations NEW YORK&#8211;(BUSINESS WIRE)&#8211; BlackRock Advisors, LLC (\u201cBlackRock\u201d) announced today that shareholders of each of the closed-end funds named below (each, a \u201cFund\u201d and collectively, the \u201cFunds\u201d) have approved the following reorganizations (each, a \u201cReorganization\u201d and collectively, the \u201cReorganizations\u201d). Reorganizations of BlackRock MuniYield Fund, Inc. (MYD), BlackRock MuniYield Quality Fund II, Inc. (MQT) and BlackRock Investment Quality Municipal Trust, Inc. (BKN) with and into BlackRock MuniYield Quality Fund, Inc. (MQY) BlackRock Municipal Reorganization Summary Acquiring Fund Target Funds MQY MYD MQT BKN It is currently expected that the Reorganizations will be completed in February 2026, subject to the satisfaction of customary closing conditions. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2\/","og_locale":"en_US","og_type":"article","og_title":"BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations - Market Newsdesk","og_description":"BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations NEW YORK&#8211;(BUSINESS WIRE)&#8211; BlackRock Advisors, LLC (\u201cBlackRock\u201d) announced today that shareholders of each of the closed-end funds named below (each, a \u201cFund\u201d and collectively, the \u201cFunds\u201d) have approved the following reorganizations (each, a \u201cReorganization\u201d and collectively, the \u201cReorganizations\u201d). Reorganizations of BlackRock MuniYield Fund, Inc. (MYD), BlackRock MuniYield Quality Fund II, Inc. (MQT) and BlackRock Investment Quality Municipal Trust, Inc. (BKN) with and into BlackRock MuniYield Quality Fund, Inc. (MQY) BlackRock Municipal Reorganization Summary Acquiring Fund Target Funds MQY MYD MQT BKN It is currently expected that the Reorganizations will be completed in February 2026, subject to the satisfaction of customary closing conditions. The Reorganizations, if completed, would occur based on the &hellip; Continue reading \"BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2\/","og_site_name":"Market Newsdesk","article_published_time":"2025-12-17T15:50:09+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20251216639085r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations","datePublished":"2025-12-17T15:50:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2\/"},"wordCount":814,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20251216639085r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/blackrock-announces-shareholder-approval-of-certain-municipal-cef-reorganizations-2\/","name":"BlackRock Announces Shareholder Approval of Certain Municipal CEF Reorganizations - 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