BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE: MIY) is a closed-end municipal bond fund managed by BlackRock Advisors, LLC. The fund seeks to provide current income that is exempt from regular federal income tax and Michigan income tax by investing primarily in municipal obligations.
Its portfolio generally consists of investment-grade and other municipal securities issued by states, municipalities, and related public entities. These securities may help finance public infrastructure and services, such as schools, transportation systems, utilities, health care facilities, and other governmental projects.
The fund focuses on municipal issuers and projects located in Michigan, although the securities it holds may vary by issuer, sector, maturity, and credit quality. As a closed-end fund, its shares trade on the New York Stock Exchange, while the underlying portfolio is managed by BlackRock, one of the world’s largest asset-management firms.
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