Blackrock Muniyield Michigan Quality Fund Inc MIY

BlackRock MuniYield Michigan Quality Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide shareholders with as high a level of current income exempt from federal and Michigan income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and Michigan income taxes. Under normal market conditions, the Fund invests primarily in long-term municipal obligations that are investment grade quality at the time of investment. The Fund invests in various sectors, such as education, health, state, state, utilities, transportation, housing, county/city/special district/school district, and tobacco. The Fund's investment adviser is BlackRock Advisors, LLC.

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Blackrock Muniyield Michigan Quality Fund Inc

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Post by DartStockon Jan 02, 2006 9:54am

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Post# 10104595

Looking at 2005 Calendar Year (MIY)

On the last trading day of 2004, Muniyield Michigan closed at 15.54, it ended the following year at 15.65. MIY gained eleven cents and distributed a taxfree dividend of 6 1/2 percent. Holders of this closed end fund had their cake and ate it too.

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