MUC News and Press, Blackrock MuniHoldings California Quality Fund Inc. From 10/13/21

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,...

We review CEF market valuation and performance over the last week of September and highlight recent market events. After a string of positive returns, the CEF space finished September in the red as both NAVs and discounts moved lower with shorter-duration credit sectors outperforming....

BlackRock Advisors, LLC announced today that the Boards of Directors of BlackRock MuniYield California Fund, Inc. (NYSE: MYC), BlackRock MuniYield California Quality Fund, Inc. (NYSE: MCA), and BlackRock MuniHoldings California Quality Fund, Inc. (NYSE: MUC) (collectively, the “F...

Modestly negative performance in August capped a robust summer seasonal period. Issuance exceeded expectations, resulting in less of a supply/demand imbalance than is typical. We maintain a defensive posture into the historically less favorable month of September. For furthe...

Rallying interest rates drove strong muni bond performance in July. Market dynamics remained seasonally favorable, with demand for munis broadly outpacing supply. A more defensive posture may be warranted ahead of elevated risks in the fall. For further details see: Muni...

Shares of Blackrock MuniHoldings California Quality Fund Inc. (NYSE:MUC) traded today at $16.08, eclipsing its 52-week high. This new high was reached on below average trading volume as 51,000 shares traded hands, while the average 30-day volume is approximately 75,000 shares. Over the p...

Municipal bonds are still looking like a compelling piece of the CEF market despite the prospect of higher interest rates. For munis, remember it's the spread between borrowing costs (for leverage) and earnings on that borrowed money that matters most for sustainable distributions. ...

23 out of 23 CEF sectors positive on price and 23 out of 23 sectors positive on NAV last week as election volatility subsides. NHF tender offer begins, with an expiration date of December 10, 2020. We discuss RIV's rights offering results in a separate report. For further de...

Stimulus talks continue as the two parties try to hash out a deal before the elections.  That deal before November is becoming more elusive. The September payrolls report showed that 661K jobs were added in the month, which was below expectations of 850K.  Unemployment rate ...

The boards of directors (the “Board”) of the BlackRock closed-end funds listed in the below table (each a “Fund” and collectively, the “Funds”) announced that each Fund has elected to be subject to the Maryland Control Share Acquisition Act (the...