BlackRock MuniYield calls $33 million auction-rate preferreds shares

By Toni Weeks

San Diego, July 5 - BlackRock MuniYield Fund, Inc. will redeem all of its outstanding series B28 auction-rate preferred shares on Aug. 3, according to a press release.

Each of the 1,320 shares has a liquidation preference of $25,000, and the redemption will total $33 million.

The redemption is in connection with the issuance of variable-demand preferred shares by the fund.

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

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