Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

 

Filed by the Registrant  ☒
Filed by a Party other than the Registrant  ☐
Check the appropriate box:
☐    Preliminary Proxy Statement   ☐    Definitive Proxy Statement		☐   Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒    Definitive Additional Materials
☐    Soliciting Material Pursuant to § 240.14a-12

BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND

(Name of Registrant as Specified In Its Charter)

 

 

(Name of Person(s) Filing Proxy Statement, if Other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

 

☒		No fee required.
☐		Fee paid previously with preliminary materials.
☐		Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

 

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Your vote matters BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA) Dear Shareholder, We are reaching out to notify you of an important announcement that benefits you as a shareholder. On May 20, 2024, BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA): • announced a distribution rate increase to 6.0% of net asset value, payable monthly (+38% relative to the prior distribution rate); and • implemented a voluntary management fee waiver that will reduce fees for YOU as a shareholder and increase YOUR tax-exempt income. “We have taken these steps to support shareholders of these Funds, consistent with our goal of delivering long-term value. We are focused on enhancing returns for our closed-end fund shareholders and helping them plan for their financial futures,” said R. Glenn Hubbard, Chair of the Board of BlackRock Closed-End Funds Defend YOUR Fund, Save YOUR Income At MPA’s upcoming annual meeting on June 18, activist hedge fund Saba Capital Management (“Saba”) is putting your dependable, income-paying investment in jeopardy by attempting to install its own hand-picked Board nominees. If Saba prevails, your Fund—and the consistent monthly income you rely on—will be at risk. BlackRock is fighting for YOU. Vote today on the enclosed WHITE proxy card: • “FOR” the BlackRock Board nominees Visit www.blackrock.com/defend to learn more © 2024 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

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