MUC News and Press, Blackrock MuniHoldings California Quality Fund Inc. From 09/08/22

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurc...

Bonds have not been a place to shelter in 2022. This includes the muni sector, with MUC down around 20% year-to-date. However, I view this sell-off as an opportunity. The fund is trading at a steep discount to NAV and offers a competitive, tax-free yield. The duration level remain...

A sharp sell-off to start the year has pushed down municipal bond valuations and muni closed-end funds to discounts, presenting an attractive entry point for investors seeking tax-exempt income. Muni CEFs borrow money at short-term interest rates and invest the proceeds in muni bonds ...

BlackRock Advisors, LLC today announced the reorganizations of each of BlackRock MuniYield California Fund, Inc. (NYSE: MYC) and BlackRock MuniYield California Quality Fund, Inc. (NYSE: MCA) with and into BlackRock MuniHoldings California Quality Fund, Inc. (NYSE: MUC and collectively w...

BlackRock Advisors, LLC today announced the declaration of a special distribution for BlackRock MuniYield California Fund, Inc. (NYSE: MYC) and BlackRock MuniYield California Quality Fund, Inc. (NYSE: MCA) and an early distribution for BlackRock MuniHoldings California Quality Fund, Inc...

BlackRock Advisors, LLC announced today that, at a joint special meeting of shareholders (the “Meeting”) of BlackRock MuniYield California Quality Fund, Inc. (NYSE: MCA) and BlackRock MuniHoldings California Quality Fund, Inc. (NYSE: MUC), the requisite vote of shareholder...

BlackRock Advisors, LLC announced today that, at a joint special meeting of shareholders (the “Meeting”) of BlackRock MuniYield California Fund, Inc. (NYSE: MYC), BlackRock MuniYield California Quality Fund, Inc. (NYSE: MCA) and BlackRock MuniHoldings California Quality Fu...

Interest rate volatility prompted another month of negative total returns. Below-average issuance was counterbalanced by a slowdown in demand. November could provide opportunities ahead of seasonal strength in December and January. For further details see: Muni Seasonal ...

Rising interest rates drove negative total returns. Supply and demand dynamics turned less seasonally favorable and acted as a headwind. More attractive valuations could provide near-term opportunity. For further details see: Munis Remained Tethered To Rates In September...

Interest in municipal closed-end funds (CEFs) vs. municipal bonds often stems from higher return potential - this is mostly due to the use of leverage in municipal closed-end funds. Leverage could potentially amplify both the fund's net asset value (NAV) and its distribution; however,...