[SCHEDULE 13D/A] BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND SEC Filing

Rhea-AI Filing Summary

Saba Capital Management, L.P., its general partner Saba Capital Management GP, LLC, and founder Boaz R. Weinstein jointly filed Amendment No. 19 to Schedule 13D for BlackRock MuniYield Pennsylvania Quality Fund (MPA). The filing, dated 18 June 2025, updates Items 3, 5 and 7.

The reporting group now beneficially owns 1,204,014 common shares of MPA, all held with shared voting and dispositive power. Based on 12,949,630 shares outstanding as of 19 May 2025 (per the issuer’s DEF 14A), the stake represents 9.3 % of the fund’s outstanding equity, just below the 10 % threshold that can trigger additional disclosure requirements.

Item 3 discloses that approximately $13,578,226 in aggregate consideration was paid to accumulate the position. Funding sources included investor subscription proceeds, capital appreciation and ordinary-course margin borrowings; individual margin utilisation could not be determined. Item 4 lists the “Purpose of Transaction” as Not Applicable, and no new agreements, arrangements or understandings (Item 6) were reported.

All purchases occurred in the open market between the previous filing on 28 May 2025 and the trigger date; detailed trade data are incorporated by reference in Exhibit 12 – Schedule A (not included in the excerpt). The funds and accounts advised by Saba Capital are entitled to all dividends and sales proceeds generated by the shares.

Key takeaways for investors:

• Saba Capital remains a significant shareholder with a sub-10 % but influential stake.
• The filing is an amendment rather than an initial disclosure, indicating continued activity in MPA shares.
• No activist intent or strategic objectives were stated in this amendment.

Positive

• 1,204,014 shares (9.3 % of outstanding) are now under Saba Capital’s shared control, signaling a sizeable, reportable position.
• Approximately $13.58 million in aggregate consideration demonstrates a meaningful capital commitment by the reporting group.

Negative

• None.

Insights

Activist-Fund Analyst

TL;DR: Saba Capital holds 9.3 % of MPA, investing $13.6 m; filing reveals no stated activism—material but directionally neutral.

This Amendment 19 confirms that Saba Capital, Boaz Weinstein and related entities control 1.204 m MPA shares with shared voting/dispositive power. The stake is sizeable—just under 10 %—and therefore grants the group meaningful influence, particularly for a closed-end municipal fund where float is limited. However, Item 4 lists no specific strategic purpose, limiting immediate interpretive value. The $13.6 m purchase price anchors cost basis but provides no explicit insight on prospective returns. For now the disclosure is impactful because it signals concentrated ownership by an investment firm known for value-realisation strategies, yet the absence of an agenda renders the news neutral in direction. Investors should monitor future filings for potential activism or tender-offer proposals.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 19)

BlackRock MuniYield Pennsylvania Quality Fund

(Name of Issuer)

Common Shares, $0.1 par value

(Title of Class of Securities)

09255G107

(CUSIP Number)

Saba Capital Management, L.P.
405 Lexington Avenue, 58th Floor, Attention: Michael D'Angelo
New York, NY, 10174
(212) 542-4635

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/18/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 09255G107

1

Name of reporting person

Saba Capital Management, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,204,014.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,204,014.00

11

Aggregate amount beneficially owned by each reporting person

1,204,014.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.3 %

14

Type of Reporting Person (See Instructions)

PN, IA

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 12,949,630 shares of common stock outstanding as of 5/19/25, as disclosed in the company's DEF 14A filed 5/22/25.

SCHEDULE 13D

CUSIP No. 09255G107

1

Name of reporting person

Boaz R. Weinstein

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,204,014.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,204,014.00

11

Aggregate amount beneficially owned by each reporting person

1,204,014.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.3 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 12,949,630 shares of common stock outstanding as of 5/19/25, as disclosed in the company's DEF 14A filed 5/22/25.

SCHEDULE 13D

CUSIP No. 09255G107

1

Name of reporting person

Saba Capital Management GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,204,014.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,204,014.00

11

Aggregate amount beneficially owned by each reporting person

1,204,014.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.3 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 12,949,630 shares of common stock outstanding as of 5/19/25, as disclosed in the company's DEF 14A filed 5/22/25.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, $0.1 par value
(b)	Name of Issuer: BlackRock MuniYield Pennsylvania Quality Fund
(c)	Address of Issuer's Principal Executive Offices: 100 Bellevue Parkway, Wilmington, DELAWARE , 19809.
Item 1 Comment: This Amendment No. 19 amends Items 3, 5, and 7.
Item 2.	Identity and Background
(a)	This Schedule 13D/A is being jointly filed by: (i) Saba Capital Management, L.P., a Delaware limited partnership ("Saba Capital"); (ii) Saba Capital Management GP, LLC, a Delaware limited liability company ("Saba GP"); and (iii) Mr. Boaz R. Weinstein ("Mr. Weinstein"), (together, the "Reporting Persons"). Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this statement should not be construed as an admission that any Reporting Person is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the Common Shares reported herein.
(b)	The address of the business office of each of the Reporting Persons is 405 Lexington Avenue, 58th Floor, New York, New York 10174.
(c)	The principal business of: (i) Saba Capital is to serve as investment manager to private and public investment funds and/or accounts, (ii) Saba GP is to serve as general partner of the Saba Capital and other affiliated entities, and (iii) Mr. Weinstein, an individual, is managing member of the general partner of Saba Capital and other affiliated entities.
(d)	The Reporting Persons have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	The Reporting Persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.
(f)	Saba Capital is organized as a limited partnership under the laws of the State of Delaware. Saba GP is organized as a limited liability company under the laws of the State of Delaware. Mr. Weinstein is a citizen of the United States.
Item 3.	Source and Amount of Funds or Other Consideration
	Funds for the purchase of the Common Shares were derived from the subscription proceeds from investors and the capital appreciation thereon and margin account borrowings made in the ordinary course of business. In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time. Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Shares reported herein. A total of approximately $13,578,226 was paid to acquire the Common Shares reported herein.
Item 4.	Purpose of Transaction
	Not Applicable.
Item 5.	Interest in Securities of the Issuer
(a)	See the Reporting Persons section of this Schedule 13D/A for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons. The percentages used herein are calculated based upon 12,949,630 shares of common stock outstanding as of 5/19/25, as disclosed in the company's DEF 14A filed 5/22/25.
(b)	See the Reporting Persons section of this Schedule 13D/A for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	The transactions in the Common Shares effected from the filing of the Schedule 13D/A on 5/28/25 by the Reporting Persons to 6/18/25, the date of the event which required filing of this Schedule 13D/A, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference.
(d)	The funds and accounts advised by Saba Capital have the right to receive the dividends and proceeds of sales from the Common Shares.
(e)	Not Applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not Applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 12 - Schedule A

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Saba Capital Management, L.P.

Signature:	/s/ Michael D'Angelo
Name/Title:	General Counsel
Date:	06/23/2025

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	06/23/2025

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	06/23/2025

Comments accompanying signature:

Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823

FAQ

What percentage of BlackRock MuniYield Pennsylvania Quality Fund (MPA) does Saba Capital now own?

The filing reports 1,204,014 shares, representing 9.3 % of MPA’s outstanding common shares.

How much did Saba Capital pay to acquire its MPA position?

Item 3 states that approximately $13,578,226 was paid in total to accumulate the shares.

Did the Schedule 13D/A disclose a specific purpose for Saba Capital’s investment in MPA?

No. Item 4 is marked “Not Applicable,” indicating no stated strategic purpose or activism in this amendment.

Who are the reporting persons listed in this Schedule 13D/A for MPA?

The reporting persons are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein.

What share count did the filing use to calculate ownership percentages?

Percentages are based on 12,949,630 common shares outstanding as disclosed in the issuer’s DEF 14A filed 22 May 2025.

When was the event triggering this amendment to Schedule 13D?

The event date listed on the cover page is 18 June 2025.