NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC today announced the declaration of a partial distribution by BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA) (the “Fund”). Effective April 13th, 2015, The BlackRock Pennsylvania Strategic Municipal Trust (NYSE MKT: BPS) merged with and into MPA (the “Reorganization”), with MPA continuing as the surviving fund after the Reorganization (the “Combined Fund”). This partial distribution is the first distribution announced for MPA as the Combined Fund.
The combination of this partial distribution, payable on June 1, 2015 to holders of record of MPA common shares as of May 15, 2015, and the special distribution of $0.03436 previously declared on April 1, 2015, payable on June 1, 2015 to holders of record of MPA common shares on April 10, 2015 (the “Special Distributions”), equal the regular monthly distribution for MPA of $0.07150.
The first full regular monthly distribution of the Combined Fund is expected to be declared on June 1, 2015 and expected to be payable on July 1, 2015.
Declaration- 5/1/2015 Ex-Date- 5/13/2015 Record- 5/15/2015 Payable- 6/1/2015
|BlackRock MuniYield Pennsylvania Quality Fund||MPA||$0.03714|
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Availability of Fund Updates
BlackRock will update performance and certain other data for the Fund on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com 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 Fund. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate BlackRock’s website in this release.
This press release, and other statements that BlackRock or the Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund’s or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.
BlackRock 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.
With respect to the Fund, 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 the Fund or in the Fund’s net asset value; (2) the relative and absolute investment performance of the 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, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s 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.
Annual and Semi-Annual Reports and other regulatory filings of the Fund with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Fund. The information contained on BlackRock’s website is not a part of this press release.