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BlackRock announced increased distribution rates for its MuniYield Pennsylvania Quality Fund (NYSE: MPA) and California Municipal Income Trust (NYSE: BFZ). The MPA fund's distribution rate will rise by 38% to $0.066 per share, while BFZ will see a 16% increase to $0.059 per share. The declaration date for these changes is May 20, 2024, with an ex-date and record date of June 14, 2024, and payments will be made on July 1, 2024. These changes aim to provide long-term value to shareholders.
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