RiverNorth Capital Management, LLC has disclosed a sizeable position in BlackRock MuniYield Pennsylvania Quality Fund, reporting beneficial ownership of 1,067,392 common shares, or 8.24% of the fund’s outstanding shares, as of 12/31/2025.
RiverNorth has sole power to vote and dispose of these shares. The filing notes that other persons have the right to receive the proceeds from any sale of the securities. RiverNorth also certifies the position was acquired and is held in the ordinary course of business, not to influence control of the fund.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND
(Name of Issuer)
Common
(Title of Class of Securities)
09255G107
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
09255G107
1
Names of Reporting Persons
RIVERNORTH CAPITAL MANAGEMENT, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,067,392.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,067,392.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,067,392.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.24 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND
(b)
Address of issuer's principal executive offices:
100 BELLEVUE PARKWAY, WILMINGTON, DE, 19809
Item 2.
(a)
Name of person filing:
RiverNorth Capital Management, LLC
(b)
Address or principal business office or, if none, residence:
360 S. Rosemary Avenue, Ste. 1420
West Palm Beach, Florida 33401
(c)
Citizenship:
Delaware
(d)
Title of class of securities:
Common
(e)
CUSIP No.:
09255G107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,067,392
(b)
Percent of class:
8.24%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,067,392
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
1,067,392
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Other persons have the right to receive the proceeds from the sale of the securities reported herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Not applicable.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not applicable.
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not applicable.
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
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.
RIVERNORTH CAPITAL MANAGEMENT, LLC
Signature:
/s/ Marcus Collins
Name/Title:
Marcus Collins, General Counsel and Chief Compliance Officer
What ownership stake in MPA does RiverNorth report in this Schedule 13G?
RiverNorth reports owning 1,067,392 MPA shares, or 8.24% of the fund. The filing shows sole voting and dispositive power over these common shares of BlackRock MuniYield Pennsylvania Quality Fund as of December 31, 2025.
Who is the reporting person in the MPA Schedule 13G filing?
The reporting person is RiverNorth Capital Management, LLC. It is a Delaware entity with a principal office at 360 S. Rosemary Avenue, Suite 1420, West Palm Beach, Florida, and it reports holding an 8.24% stake in BlackRock MuniYield Pennsylvania Quality Fund.
Does RiverNorth seek to influence control of MPA with this stake?
RiverNorth states the MPA shares are held in the ordinary course of business. The certification specifies the securities were not acquired and are not held to change or influence control of BlackRock MuniYield Pennsylvania Quality Fund.
What voting and dispositive powers over MPA shares does RiverNorth have?
RiverNorth reports sole voting and sole dispositive power over 1,067,392 MPA shares. The filing lists zero shared voting power and zero shared dispositive power, indicating exclusive authority over how these shares are voted and potentially sold.
Do others have economic rights in the MPA shares reported by RiverNorth?
Yes, other persons have rights to receive proceeds from sales of the MPA securities. The filing explains that while RiverNorth reports beneficial ownership and control, other parties may receive dividends or sale proceeds tied to these shares.
What type of security in MPA is covered by RiverNorth’s Schedule 13G?
The filing covers common shares of BlackRock MuniYield Pennsylvania Quality Fund. RiverNorth reports its position in this class of securities, identified by CUSIP 09255G107, with an 8.24% beneficial ownership stake as of December 31, 2025.