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BlackRock to redeem $27.25 million auction market preferreds on June 6
By Toni Weeks
San Diego, May 9 - BlackRock MuniYield California Quality Fund, Inc. will redeem all of its outstanding series A28 auction market preferred stock on June 6, according to a filing with the Securities and Exchange Commission.
Each of the 1,090 shares has a liquidation preference of $25,000, and the redemption will total $27.25 million.
BlackRock is an investment management firm based in New York.
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