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BlackRock MuniYield Michigan Quality Fund (MIY)

- NYSE
  • Fri, Apr. 10, 3:52 PM
    • BlackRock MuniYield Michigan Quality Fund (NYSE:MIY) announces monthly distribution of $0.072000.
    • Payable 1 May; For shareholders of record 15 Apr; Ex-Div. date 13 Apr.
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  • Nov. 12, 2014, 2:35 PM
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  • Jul. 19, 2013, 3:36 PM
    After hanging in there early, municipal bond prices (MUB -0.7%), (HYD -1.5%) tumble in wake of the Detroit Chapter 9 filing (this as Treasury yields fell). "If you are a market-maker today, you have to be cautious because you don't know what the market impact is going to be," says Matt Fabian of Municipal Market Advsiors. Michigan bond funds: Eaton Vance Michigan Muni closed-end fund (MIW -0.8%), BlackRock MuniYield Michigan (MIY -1.3%), Nuveen Michigan Quality (NUM -0.7%).
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  • Jun. 25, 2012, 4:40 PM
    In conjunction with the Moody's bank downgrades last week was a ratings cut on about $5.4B of preferred securities issued by some closed-end municipal bond funds. The move could ripple through the industry, possibly raising borrowing costs for the funds should money-market holders of the preferred be forced to sell.
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Company Description
Seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term