BlackRock MuniYield Quality Fund Inc · NYSE:MQY

BlackRock MuniYield Quality Fund — Merger or Acquisition (November 2020)

6 slides from BlackRock MuniYield Quality Fund's merger presentation, Nov 20, 2020

  1. Slide 1: Proposed BlackRock State and National Municipal Fund Reorganizations

    Filed by BlackRock MuniEnhanced Fund, Inc. pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-6 under the Securities Exchange Act of 1934 Subject Company: BlackRock MuniYield Quality Fund, Inc. File No. 333-248768 Date: November 20, 2020 November 2020 Propose

  2. Slide 2: Executive Summary

    Executive Summary The purpose of this presentation is to review the proposed reorganizations of certain BlackRock national and state municipal closed-end funds, which were approved by the Board in June 2020 – If approved by fund shareholders, the reorganizations would result in four combinations of

  3. Slide 3: Executive Summary (continued)

    Executive Summary (continued) In addition, if consummated, the combined reorganizations would result in a decrease of $1,066,883 in the investment advisory fees charged and a decrease in other operating expenses 1 (including custody, legal, accounting and audit fees) of $3,393,004 Reorganization Dec

  4. Slide 4: Summary Statistics

    Summary Statistics National Muni Reorganization “A” Combined (MQY) BZM MHE MZA MYF MEN MQY $1,185.3 million $31.5 million $32.4 million $67.8 million $196.9 million $362.2 million $499.8 million Net Assets Premium / Discount -2.15% -8.00% -3.22% -1.57% -6.55% -6.80% -2.15% 1, 2 3 Net Expense Ratio 0

  5. Slide 5: Appendix A

    Appendix AAppendix A

  6. Slide 6: Reorganizations: Target Funds and Surviving Fund

    Reorganizations Target Funds Surviving Fund National muni reorganization “A” Maryland Municipal Bond (BZM) Massachusetts Tax-Exempt Trust (MHE) MuniYield Quality (MQY) MuniYield Arizona (MZA) MuniYield Investment Fund (MYF) MuniEnhanced Fund (MEN) National muni reorganization “B” Municipal Income In

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