BlackRock MuniYield Michigan Quality Fund, Inc.

BlackRock MuniYield Michigan Quality Fund, Inc. is a non-diversified, closed-end management investment company launched on October 30, 1992, and headquartered in Wilmington, Delaware. Its primary objective is to deliver a high level of current income exempt from both federal and Michigan state income taxes, achieved by investing at least 80% of its assets in long-term, investment-grade municipal obligations from Michigan issuers. The fund holds 143 securities, with 90.47% allocated to Michigan-based bonds, focusing on sectors like transportation (5.95%), local tax-backed obligations (4.67%), and others including utilities and education. Notable portfolio characteristics include an effective duration of 14.42 years, 39.40% leverage through $231.9 million, and a credit quality breakdown dominated by AA-rated (64.50%) and A-rated (24.64%) holdings. Managed by a team including Michael Kalinoski and Kevin Maloney, it maintains net assets of $355.86 million and managed assets of $587.76 million, earning top 5-star Morningstar ratings across 3-, 5-, and 10-year periods among Muni Single State Long funds for risk-adjusted returns.