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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 5/20/2011 in the Prospect News Liability Management Daily, Prospect News Municipals Daily and Prospect News Preferred Stock Daily.

BlackRock MuniYield Pennsylvania to redeem $66.35 million preferreds

By Toni Weeks

San Diego, May 20 - BlackRock MuniYield Pennsylvania Quality Fund will redeem all of its outstanding series A7, B7 and C7 auction market preferred stock, according to a filing with the Securities and Exchange Commission.

Each of the 2,654 shares has a liquidation preference of $25,000, and the redemption will total $66.35 million.

On June 14, 1,041 series A7 shares will be redeemed. On June 8, 1,249 series B7 shares will be redeemed. On June 10, 364 series C7 shares will be redeemed.

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


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