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Stock impact report

BlackRock Announces Increased Distribution Rates for Certain Municipal Closed-End Funds

Blackrock MuniYield Pennsylvania Quality Fund (MPA) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Today, the Board of Directors/Trustees of BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA) and BlackRock California Municipal Income Trust (NYSE: BFZ), (each a “Fund,” and collectively the “Funds”) announced distributions, which reflect distribution increases for the Funds.“We have taken this step to support shareholders of these Funds, consistent with our goal of delivering long-term value. We are focused on enhancing returns for our closed-end fund shareholders and helping them plan for their financial futures,” said R. Glenn Hubbard, Chair of the Board of BlackRock Closed-End Funds.Each Fund’s monthly distribution rate for June 2024 can be found below:Municipal Funds:June 2024 Distribution:Declaration: 5/20/2024 Ex-Date: 6/14/2024 Record: 6/14/2024 Payable: 7/1/2024State-Specific Funds Ticker Distribution  ChangeFrom PriorDistribution BlackRock MuniYield Pennsylvania Quality Fund* MPA $0.066000 +38%BlackRock California Municipal Income Trust  Show less Read more
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