SEC Form 4 · accession 0001209191-15-070736
BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. · MIY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
CITIGROUP INC
10% Owner
Period of report
Sep 14, 2015
Accepted (ET)
Sep 15, 2015 · 4:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000890393
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Variable Rate Demand Preferred SharesF2 | Sep 14, 2015 | J | 873 | $100,000.00 | A | 2,319 | I | By Subsidiary |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective as of September 14, 2015, BlackRock MuniYield Michigan Quality Fund II Inc. (the "Target Fund") was reorganized into BlackRock MuniYield Michigan Quality Fund, Inc. (the "Acquiring Fund'). In the Reorganization, preferred shareholders of the Target Fund received on a one-for-one basis the Acquiring Fund preferred shares in an amount equal to the aggregate preferred share liquidation preference (including any accumulated and unpaid dividends) held by the Target Fund preferred shareholders immediately prior to the Reorganization. In the Reorganization, Citibank N.A. received 873 Variable Rate Demand Preferred Shares of the Acquiring Fund in exchange for its 873 Variable Rate Demand Preferred Shares of the Target Fund.
- F2These shares are beneficially owned by Citibank, N.A. (Citibank). Citicorp is the sole stockholder of Citibank. Citigroup Inc. is the sole stockholder of Citicorp.