BlackRock MuniHoldings California Quality Fund, Inc.(NYSE:MUC) announces an Equity Buyback for 5% of its issued share capital.
September 27, 2021 at 12:00 am EDT
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BlackRock MuniHoldings California Quality Fund, Inc.(NYSE:MUC) announces a share repurchase program. Under the program, the company will repurchase up to 5% of its outstanding common shares. The purpose of the program is to enhance shareholder value. The repurchase program will commence on December 1, 2021. The program will expire on November 30, 2022.
BlackRock MuniHoldings California Quality Fund, Inc. (the Fund) is a closed-end management investment company. The Fund's investment objective is to provide shareholders with current income exempt from federal and California income taxes. The Fund seeks to achieve its investment objective by investing primarily in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and California personal income taxes. The Fund invests approximately 80% of its assets in investment-grade municipal obligations with remaining maturities of over one year at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives. The Fund invests in a range of sectors, including transportation, education, state, tobacco, housing, corporate, county/city/special district/school district, health, and utilities. The Fund's investment advisor is BlackRock Advisors, LLC.
BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND, INC. 
