Blackrock Muniyield Michigan Quality Fund, Inc. Reports Earnings Results for the Full Year Ended July 31, 2020
October 02, 2020 at 11:22 am EDT
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BlackRock MuniYield Michigan Quality Fund, Inc. announced earnings results for the full year ended July 31, 2020. For the full year, the company announced total revenue was USD 28.289 million. Net income was USD 22.773 million.
BlackRock MuniYield Michigan Quality Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide shareholders with as high a level of current income exempt from federal and Michigan income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and Michigan income taxes. Under normal market conditions, the Fund invests primarily in long-term municipal obligations that are investment grade quality at the time of investment. The Fund invests in various sectors, such as education, health, state, state, utilities, transportation, housing, county/city/special district/school district, and tobacco. The Fund's investment adviser is BlackRock Advisors, LLC.
BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. 
