BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. (MIY) is the issuer of the Series W-7 Variable Rate Demand Preferred Shares covered by the amended ownership statement. Toronto Dominion Investments, Inc., Toronto Dominion Holdings USA Inc., TD Group US Holdings LLC and Toronto Dominion Bank each report shared voting and dispositive power over 2,319 shares, representing 100% of the class.
The statement says the VRDP Fee Agreement was amended effective October 23, 2026, through the Omnibus Amendment to Fee Agreements, and revises schedules and exhibits. Christina Petrou is identified as Vice President & Chief Operating Officer and Vice President; Andre Ramos is identified as Executive Vice President and Chief Financial Officer of TD Bank, N.A.
BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) reported one-year total returns of 9.23% at NAV and 18.11% at market price for the period ended July 31, 2026; its Michigan Customized Reference Benchmark returned 5.04%. As of July 31, 2026, the closing market price was $12.20 and NAV was $12.13. The Fund attributed the difference between its market-price and NAV returns to moving from a discount to NAV to a premium.
MIY’s current monthly distribution was $0.054500 per common share, or $0.654000 annualized. Reported leverage was 40% of total managed assets, based on Variable Rate Demand Preferred Shares and tender option bond trusts. The Fund’s objective is current income exempt from federal and Michigan income taxes; under normal market conditions, it invests at least 80% of net assets plus investment borrowings in investment-grade securities and may invest up to 20% of managed assets in below-investment-grade securities. A proposed reorganization into BlackRock MuniYield Quality Fund III, Inc. did not occur because the required shareholder approvals were not received.
BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. (MIY) filed an initial statement of beneficial ownership on Form 3 for Francis C. Mahoney, who is identified as a director of the fund. The filing reports no insider transactions or derivative positions as of the reporting date.
BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. lists Charles Park as a reporting person in his role as Chief Compliance Officer. He previously served from June 6, 2014 through June 30, 2023 and has been reappointed effective August 1, 2026. No securities transactions are reported.