BlackRock MuniYield California to redeem $105.95 million preferreds

By Toni Weeks

San Diego, May 20 - BlackRock MuniYield California Fund, Inc. will redeem all of its outstanding series A28, B7, C28 and D7 auction market preferred stock, according to a filing with the Securities and Exchange Commission.

Each of the 4,238 shares has a liquidation preference of $25,000, and the redemption will total $105.95 million.

The redemptions will occur over four days according to the following schedule:

• 1,453 series A28 shares will be redeemed June 9;

• 1,453 series B7 shares will be redeemed June 2;

• 484 series C28 shares will be redeemed June 30; and

• 848 series D7 shares will be redeemed June 7.

BlackRock is an investment management firm based in New York City.

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