0000844779-16-000224.txt : 20160928 0000844779-16-000224.hdr.sgml : 20160928 20160928093014 ACCESSION NUMBER: 0000844779-16-000224 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20160731 FILED AS OF DATE: 20160928 DATE AS OF CHANGE: 20160928 EFFECTIVENESS DATE: 20160928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK MUNIYIELD CALIFORNIA FUND, INC. CENTRAL INDEX KEY: 0000882152 IRS NUMBER: 223144221 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-06499 FILM NUMBER: 161905844 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK MUNIYIELD CALIFORNIA FUND, INC DATE OF NAME CHANGE: 20070612 FORMER COMPANY: FORMER CONFORMED NAME: MUNIYIELD CALIFORNIA FUND INC DATE OF NAME CHANGE: 19920717 FORMER COMPANY: FORMER CONFORMED NAME: CALIFORNIA MUNIYIELD FUND INC DATE OF NAME CHANGE: 19600201 NSAR-B 1 lcqpanswer.fil PAGE 1 000 B000000 07/31/2016 000 C000000 0000882152 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 BLACKROCK MUNIYIELD CALIFORNIA FUND, INC. 001 B000000 811-06499 001 C000000 8004417762 002 A000000 100 BELLEVUE PARKWAY 002 B000000 WILMINGTON 002 C000000 DE 002 D010000 19809 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 008 A000001 BLACKROCK ADVISORS, LLC 008 B000001 A 008 C000001 801-47710 008 D010001 WILMINGTON 008 D020001 DE 008 D030001 19809 012 A000001 COMPUTERSHARE TRUST COMPANY, N.A. 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ANDREWS TITLE CFO EX-99.77B ACCT LTTR 2 my577b.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM TO THE SHAREHOLDERS AND BOARD OF TRUSTEES OF BLACKROCK MUNIYIELD INVESTMENT FUND AND TO THE SHAREHOLDERS AND BOARDS OF DIRECTORS OF BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC., BLACKROCK MUNIYIELD ARIZONA FUND, INC., BLACKROCK MUNIYIELD CALIFORNIA FUND, INC., AND BLACKROCK MUNIYIELD NEW JERSEY FUND, INC.: In planning and performing our audits of the financial statements of BlackRock Muni New York Intermediate Duration Fund, Inc., BlackRock MuniYield Arizona Fund, Inc., BlackRock MuniYield California Fund, Inc., BlackRock MuniYield Investment Fund and BlackRock MuniYield New Jersey Fund, Inc. (individually a "Fund" and collectively, the "Funds"), as of and for the year ended July 31, 2016, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion. The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees/directors of the funds; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a fund's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds' annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of July 31, 2016. This report is intended solely for the information and use of management and the Board of Trustees of BlackRock MuniYield Investment Fund and the Boards of Directors of BlackRock Muni New York Intermediate Duration Fund, Inc., BlackRock MuniYield Arizona Fund, Inc., BlackRock MuniYield California Fund, Inc., and BlackRock MuniYield New Jersey Fund, Inc., and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ Deloitte & Touche LLP Boston, Massachusetts September 26, 2016 EX-99.77I NEW SECUR 3 myc77i.txt BlackRock MuniYield California Fund, Inc. (the "Fund") File No. 811-06499 Item No. 77I (Terms of New or Amended Securities) -- Attachment A copy of the Amendment to the Notice of Special Rate Period of the Fund's Variable Rate Demand Preferred Shares is attached under Sub-Item 77Q1(a). EX-99.77Q1 OTHR EXHB 4 myc77q1a.txt BlackRock MuniYield California Fund, Inc. (the "Fund") File No. 811-06499 Item No. 77Q1(a) (Copies of Material Amendments to Registrant's Charter or By-laws) -- Attachment Attached please find as an exhibit under Sub-Item 77Q1(a) of Form N-SAR, a copy of the Fund's Amendment to the Notice of Special Rate Period of the Fund's Variable Rate Demand Preferred Shares filed with the books and records of the Fund on June 7, 2016. Exhibit 77Q1(a) BLACKROCK MUNIYIELD CALIFORNIA FUND, INC. (THE "FUND") SERIES W-7 VARIABLE RATE DEMAND PREFERRED SHARES ("VRDP SHARES") CUSIP NO. 09254M600* AMENDMENT TO NOTICE OF SPECIAL RATE PERIOD June 7, 2016 BlackRock MuniYield California Fund,Inc. 100 Bellevue Parkway Wilmington, Delaware 19809 TO: Addressees listed on Schedule 1 hereto In accordance with the Fund's Articles Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares, dated May 17, 2011 (the "ARTICLES SUPPLEMENTARY"), the Fund hereby notifies the Liquidity Provider, the Remarketing Agent and the Holders of the VRDP Shares that the last day of the Special Rate Period has been extended from June 22, 2016 to June 21, 2017 in accordance with the terms of the Notice of Special Rate Period, dated June 20, 2012 (the "NOTICE OF SPECIAL RATE PERIOD"). The last day of the Special Rate Period shall be June 21, 2017, or such later date as the Special Rate Period may be extended pursuant to the terms of the Notice of Special Rate Period. Capitalized terms used but not defined in this Amendment to Notice of Special Rate Period shall have the meanings given to such terms in the Articles Supplementary and the Notice of Special Rate Period. [Signature Page Follows] -------- * NOTE: Neither the Fund nor the Tender and Paying Agent shall be responsible for the selection or use of the CUSIP Numbers selected, nor is any representation made as to its correctness indicated in any notice or as printed on any VRDP Share certificate. It is included solely as a convenience to Holders of VRDP Shares. 2 IN WITNESS WHEREOF, I have signed this Amendment to the Notice of Special Rate Period as of the date first written above. BLACKROCK MUNIYIELD CALIFORNIA FUND, INC. By: /s/ Jonathan Diorio -------------------------------------- Name: Jonathan Diorio Title: Vice President 3 SCHEDULE 1 RECIPIENTS OF THIS NOTICE OF SPECIAL RATE PERIOD Citibank, N.A. 390 Greenwich Street, 2nd Floor New York, New York 10013 Attention: MSD Middle Office Manager Telephone: (212) 723-6320 Fax: (212) 723-8642 Email: msdcititob@citi.com Citigroup Global Markets Inc. 390 Greenwich Street New York, New York 10013 Attention: Middle Office Manager Telephone: (212) 723-7124 Fax: (212) 723-8642 Email: msdcititob@citi.com The Depository Trust Company LensNotice@dtcc.com EX-99.77Q1 OTHR EXHB 5 myc77q1d.txt BlackRock MuniYield California Fund, Inc. (the "Fund") File No. 811-06499 Item No. 77Q1(d) (Copies of All Constituent Instruments Referred to in Sub-Item 77I) -- Attachment A copy of the Amendment to the Notice of Special Rate Period of the Fund's Variable Rate Demand Preferred Shares is attached under Sub-Item 77Q1(a).