Form 8-K

0001752724-19-002690.txt : 20190125 0001752724-19-002690.hdr.sgml : 20190125 20190125114604 ACCESSION NUMBER: 0001752724-19-002690 CONFORMED SUBMISSION TYPE: N-CEN/A PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20180731 FILED AS OF DATE: 20190125 DATE AS OF CHANGE: 20190125 EFFECTIVENESS DATE: 20190125 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: N-CEN/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-06499 FILM NUMBER: 19541819 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 N-CEN/A 1 primary_doc.xml X0101 N-CEN/A 0001752724-18-001006 LIVE 0000882152 XXXXXXXX 811-06499 N-2 BlackRock MuniYield California Fund, Inc. 811-06499 0000882152 66NM4YVPRCKC38WC6N20 100 Bellevue Parkway Wilmington 19809 US-DE US 800-441-7762 BlackRock Investments, LLC 40 East 52nd St New York 10022 609-282-3046 Records related to its functions as distributor Computershare Trust Company, National Association 250 Royall Street Canton 02021 N-A Records related to its functions as transfer agent State Street Bank and Trust Company 1 Lincoln Street Boston 02111 617-786-3000 Records related to its functions as Custodian, Accounting agent, and Sub-Administrator BlackRock Advisors, LLC 100 Bellevue Parkway Wilmington 19809 302-797-2000 Records related to its functions as advisor and administrator Y N N-2 Y Karen P. Robards 000000000 N John M. Perlowski 000000000 Y Frank J. Fabozzi 000000000 N Michael J. Castellano 000000000 N Catherine A. Lynch 000000000 N Cynthia L. Egan 000000000 N Robert Fairbairn 004992372 Y Richard E. Cavanagh 000000000 N W. Carl Kester 000000000 N R. Glenn Hubbard 000000000 N Charles Park 000000000 55 East 52nd Street New York 10055 XXXXXX N N N N N BlackRock Investments, LLC 8-48436 000038642 0000000000 Y N Deloitte & Touche LLP 34 0000000000 N N N N N N N BlackRock MuniYield California Fund, Inc. 66NM4YVPRCKC38WC6N20 Y 2 0 0 N/A Y N Y N BlackRock Investment Management, LLC 5493006MRTEZZ4S4CQ20 Y N Cash collateral reinvestment fee Revenue sharing split Other Rebates paid to borrowers N/A N/A Rule 17e-1 (17 CFR 270.17e-1) Rule 17a-7 (17 CFR 270.17a-7) Rule 32a-4 (17 CFR 270.32a-4) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 10f-3 (17 CFR 270.10f-3) Rule 17a-6 (17 CFR 270.17a-6) Y Y N N BlackRock Advisors, LLC 801-47710 000106614 5493001LN9MRM6A35J74 N Computershare Trust Company, National Association 85-113400 2549001YYB62BVMSAO13 N N N Standard & Poor's Financial Services LLC 549300U4VWNITEKO2881 N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N Thomson Reuters Corporation 549300561UZND4C7B569 CA N Bloomberg L.P. 549300B56MD0ZC402L06 N Ice Data Services, Inc. <null> N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) Barclays Capital Inc. AC28XWWI3WIBK2824319 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) Merrill Lynch, Pierce, Fenner & Smith Incorporated 8NAV47T0Y26Q87Y0QP81 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) Credit Suisse Securities (USA) LLC 1V8Y6QCX6YMJ2OELII46 N Y Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) N BNY Mellon Investment Servicing (US) Inc. 549300CFZQLI9QMJ1Z03 N N Computershare Trust Company, National Association 2549001YYB62BVMSAO13 N N N BlackRock Advisors, LLC 5493001LN9MRM6A35J74 Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y N Trout Capital LLC 8-66474 000131489 00000000000000000000 0.00000000 BlackRock Investments, LLC 8-48436 000038642 0000000000 0.00000000 Harris Williams LLC 8-53380 000113930 00000000000000000000 0.00000000 PNC Capital Markets, Inc. 8-32493 000015647 7OGNSSLOQJ8U3B9Y5F18 0.00000000 PNC Investments LLC 8-66195 000129052 00000000000000000000 0.00000000 Solebury Capital, LLC 8-67548 000143299 5493000RFBRZED82XQ81 0.00000000 Blackrock Execution Services 8-48719 000039438 549300HFCRQ0NT5KY652 0.00000000 0.00000000 Pershing LLC 8-17574 000007560 ZI8Q1A8EI8LQFJNM0D94 44115486.35000000 Bank Of America Merrill Lynch Securities Inc 8-33359 000016139 0000000000 36952058.40000000 Hilltop Securities Inc. 008-45123 000006220 549300IXU82PMU6XZT45 10508060.00000000 Wells Fargo Bank, National Association N/A N/A KB1H1DSPRFMYMCUFXT09 16316210.00000000 National Financial Services Corp. 8-26740 000013041 0000000000 27456403.50000000 Oppenheimer & Co. Inc. 8-4077 000000249 254900VH02JQR2L8XD64 7209967.50000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 162547864.65000000 BLACKROCK LIQUIDITY FUNDS, MUNICASH N/A 000000000 549300RWBJ885673DL84 212645146.53000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 38967279.85000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 16864223.30000000 578196788.43000000 N 328469344 Common stock Common Shares Preferred stock Variable Rate Demand Preferred Shares N N N N N Y 0.004997399 0.0226 13.19000000 15.11000000 true true true true MATERIAL AMENDMENTS 2 811-06499_G1BI.htm Form 8-K

BLACKROCK MUNIYIELD CALIFORNIA FUND, INC. (the “Fund”)

File No. 811-06499

Item G.1.b.i: Material amendments to organizational documents

Attached please find a copy of the Fund’s Amendment to the Notice of Special Rate Period of the Fund’s Variable Rate Demand Preferred Shares.

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 11, 2018

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 20, 2018 to June 19, 2019 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 19, 2019, or such later date as the Special Rate Period may be extended pursuant to the terms of the Notice of Special Rate Period.

As of June 20, 2018, the definition of “Ratings Spread” in the Notice of Special Rate Period is hereby deleted in its entirety and replaced with the following:

“Ratings Spread” means, with respect to an SRP Calculation Period, the percentage per annum set forth below opposite the highest applicable credit rating assigned to the VRDP Shares, unless the lowest applicable rating is below A3/A-, in which case the Ratings Spread shall mean the percentage per annum set forth below opposite the lowest applicable credit rating assigned to the VRDP Shares by Moody’s, Fitch or any Other Rating Agency, in each case rating the VRDP Shares at the request of the Fund, on the SRP Calculation Date for such SRP Calculation Period:

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.


Moody’s/Fitch	Percentage
Aaa/AAA		0.87	%
Aa3/AA- to Aa1/AA+		1.20	%
A3/A- to A1/A+		2.00	%
Baa3/BBB- to Baa1/BBB+		3.00	%
Non-investment grade or Unrated		4.00	%

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]

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

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

INST DEFINING RIGHTS 3 811-06499_G1BII.htm Form 8-K

BLACKROCK MUNIYIELD CALIFORNIA FUND, INC. (the “Fund”)

File No. 811-06499

Item G.1.b.ii: Instruments defining the rights of the holders of any new or amended class of securities

A copy of the Fund’s Amendment to the Notice of Special Rate Period of the Fund’s Variable Rate Demand Preferred Shares is attached under Item G.1.b.i.

INTERNAL CONTROL RPT 4 NCEN_4167032607231498.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders and Board of Directors 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.: 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. (the "Funds"), as of and for the year ended July 31, 2018, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), 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- CEN, 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 company'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 company'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 company; (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 company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a company'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 fund's 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 PCAOB. 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, 2018. This report is intended solely for the information and use of management and the Board of Directors of the Funds 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 20, 2018 ADVISORY CONTRACTS 5 811-06499_G1BIII.htm Form 8-K

BLACKROCK MUNIYIELD CALIFORNIA FUND, INC. (the “Fund”)

File No. 811-06499

Item G.1.b.iii: New or amended investment advisory contracts

Attached please find a copy of the Closed-End Fund Master Advisory Fee Waiver Agreement between the Fund and BlackRock Advisors, LLC.

Closed-End Fund Master Advisory Fee Waiver Agreement

This MASTER ADVISORY FEE WAIVER AGREEMENT (this “Agreement”) is made as of the 2nd day of December, 2016, by and among BlackRock Advisors, LLC (the “Adviser”) an “Adviser”) and each investment company listed on Schedule A attached hereto (each, a “Fund”).

WHEREAS, each Fund is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a closed-end management company, and is organized as a statutory trust under the laws of the State of Delaware, a limited liability company under the laws of the State of Delaware, a business trust under the laws of the Commonwealth of Massachusetts or a corporation under the laws of the State of Maryland;

WHEREAS, the Adviser and each Fund are parties to investment advisory agreements (the “Advisory Agreements”), pursuant to which the Adviser provides investment advisory services to each Fund in consideration of compensation as set forth in each Advisory Agreement (the “Advisory Fee”); and

WHEREAS, the Adviser has determined that it is appropriate and in the best interests of each Fund and its interestholders to waive part of each Fund’s Advisory Fee as set forth in Schedule B attached hereto (the “Fee Waiver”). Each Fund and the Adviser, therefore, have entered into this Agreement in order to effect the Fee Waiver for each Fund at the level specified in Schedule B attached hereto on the terms and conditions set forth in this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:

1. Contractual Fee Waiver. During the Term (as defined in Section 3 below), the Adviser shall waive a portion of its Advisory Fee with respect to each Fund as set forth in Schedule B attached hereto.

2. Voluntary Fee Waiver/Expense Reimbursement. Nothing herein shall preclude an Adviser from contractually waiving other fees and/or reimbursing expenses of any Fund, voluntarily waiving Advisory Fees it is entitled to from any Fund or voluntarily reimbursing expenses of any Fund as the Adviser, in its discretion, deems reasonable or appropriate. Any such voluntary waiver or voluntary expense reimbursement may be modified or terminated by the Adviser at any time in its sole and absolute discretion without the approval of the Fund’s Board of Trustees or Board of Directors, as the case may be.

3. Term; Termination.

3.1 Term. The term (“Term”) of the Fee Waiver with respect to a Fund shall begin on December 2, 2016 (or such other date as agreed to in writing between the Adviser and the Fund) and end with respect to a Fund after the close of business on the date set forth on Schedule A (or such other date as agreed to in writing between the Adviser and the Fund) unless the Fee Waiver is earlier terminated in accordance with Section 3.2. The Term of the Fee Waiver with respect to a Fund may be continued from year to year thereafter provided that each such continuance is specifically approved by the Adviser and the Fund (including with respect to the Fund, a

majority of the Fund’s Trustees or Directors, as the case may be, who are not “interested persons,” as defined in the 1940 Act, of the Advisers (the “Non-Interested Directors”)). Neither the Adviser nor a Fund shall be obligated to extend the Fee Waiver with respect to the Fund.

3.2 Termination. This Agreement may be terminated prior to expiration by any Fund with respect to such Fund without payment of any penalty, upon 90 days’ prior written notice to the Adviser at its principal place of business (or at an earlier date as may be agreed to by both parties); provided that, such action shall be authorized by resolution of a majority of the Non-Interested Directors of such Fund or by a vote of a majority of the outstanding voting securities of such Fund.

4. Miscellaneous.

4.1 Captions. The captions in this Agreement are included for convenience of reference only and in no other way define or delineate any of the provisions hereof or otherwise affect their construction or effect.

4.2 Interpretation. Nothing herein contained shall be deemed to require a Fund to take any action contrary to the Fund’s Declaration of Trust or Articles of Incorporation, as the case may be, or Bylaws, or any applicable statutory or regulatory requirement to which it is subject or by which it is bound, or to relieve or deprive the Fund’s Board of Trustees or Board of Directors, as the case may be, of its responsibility for and control of the conduct of the affairs of the Fund.

4.3 Limitation of Liability. The obligations and expenses incurred, contracted for or otherwise existing with respect to a Fund shall be enforced against the assets of such Fund and not against the assets of any other Fund.

4.4 Definitions. Any question of interpretation of any term or provision of this Agreement, including but not limited to the computations of average daily net assets or of any Advisory Fee, and the allocation of expenses, having a counterpart in or otherwise derived from the terms and provisions of the relevant Advisory Agreement between the Adviser and the Fund or the 1940 Act, shall have the same meaning as and be resolved by reference to such Advisory Agreement or the 1940 Act, as applicable, and to interpretations thereof, if any, by the United States Courts or in the absence of any controlling decision of any such Court, by rules, regulations or orders of the Securities and Exchange Commission (“SEC”) issued pursuant to the 1940 Act. In addition, if the effect of a requirement of the 1940 Act reflected in any provision of this Agreement is revised by rule, regulation or order of the SEC, that provision will be deemed to incorporate the effect of that rule, regulation or order. Otherwise the provisions of this Agreement will be interpreted in accordance with the substantive laws of the State of New York.

IN WITNESS WHEREOF, the parties have caused this Agreement to be signed by their respective officers as of the day and year first above written.


EACH OF THE FUNDS LISTED ON SCHEDULE A ATTACHED HERETO

By:		/s/ Neal J. Andrews
		Name: Neal J. Andrews
		Title: Chief Financial Officer

BLACKROCK ADVISORS, LLC

By:		/s/ Neal J. Andrews
		Name: Neal J. Andrews
		Title: Managing Director

[Signature page to Closed-End Fund Master Advisory Fee Waiver Agreement]

SCHEDULE A

Closed-End Fund Master Advisory Fee Waiver Agreement

(Dated as of June 7, 2018)


	TICKER	FUND	EXPIRATION DATE
1.	BBN	BlackRock Taxable Municipal Bond Trust	June 30, 2019
2.	BJZ	BlackRock California Municipal 2018 Term Trust	June 30, 2019
3.	BFZ	BlackRock California Municipal Income Trust	June 30, 2019
4.	BHK	BlackRock Core Bond Trust	June 30, 2019
5.	HYT	BlackRock Corporate High Yield Fund, Inc.	June 30, 2019
6.	BTZ	BlackRock Credit Allocation Income Trust	June 30, 2019
7.	DSU	BlackRock Debt Strategies Fund, Inc.	June 30, 2019
8.	BGR	BlackRock Energy and Resources Trust	June 30, 2019
9.	CII	BlackRock Enhanced Capital and Income Fund, Inc.	June 30, 2019
10.	BDJ	BlackRock Enhanced Equity Dividend Trust	June 30, 2019
11.	EGF	BlackRock Enhanced Government Fund, Inc.	June 30, 2019
12.	FRA	BlackRock Floating Rate Income Strategies Fund, Inc.	December 31, 2018
13.	BGT	BlackRock Floating Rate Income Trust	June 30, 2019
14.	BFO	BlackRock Florida Municipal 2020 Term Trust	June 30, 2019
15.	BOE	BlackRock Enhanced Global Dividend Trust	June 30, 2019
16.	BME	BlackRock Health Sciences Trust	June 30, 2019
17.	BKT	BlackRock Income Trust, Inc.	June 30, 2019
18.	BGY	BlackRock Enhanced International Dividend Trust	June 30, 2019


	TICKER	FUND	EXPIRATION DATE
19.	BKN	BlackRock Investment Quality Municipal Trust, Inc.	June 30, 2019
20.	BLW	BlackRock Limited Duration Income Trust	June 30, 2019
21.	BTA	BlackRock Long-Term Municipal Advantage Trust	June 30, 2019
22.	BZM	BlackRock Maryland Municipal Bond Trust	June 30, 2019
23.	MHE	BlackRock Massachusetts Tax-Exempt Trust	June 30, 2019
24.	BIT	BlackRock Multi-Sector Income Trust	June 30, 2019
25.	MUI	BlackRock Muni Intermediate Duration Fund, Inc.	June 30, 2019
26.	MNE	BlackRock Muni New York Intermediate Duration Fund, Inc.	June 30, 2019
27.	MUA	BlackRock MuniAssets Fund, Inc.	June 30, 2019
28.	BPK	BlackRock Municipal 2018 Term Trust	June 30, 2019
29.	BKK	BlackRock Municipal 2020 Term Trust	June 30, 2019
30.	BBK	BlackRock Municipal Bond Trust	June 30, 2019
31.	BAF	BlackRock Municipal Income Investment Quality Trust	June 30, 2019
32.	BBF	BlackRock Municipal Income Investment Trust	June 30, 2019
33.	BYM	BlackRock Municipal Income Quality Trust	June 30, 2019
34.	BFK	BlackRock Municipal Income Trust	June 30, 2019
35.	BLE	BlackRock Municipal Income Trust II	June 30, 2019
36.	BTT	BlackRock Municipal 2030 Target Term Trust	June 30, 2019
37.	MEN	BlackRock MuniEnhanced Fund, Inc.	June 30, 2019
38.	MUC	BlackRock MuniHoldings California Quality Fund, Inc.	June 30, 2019
39.	MUH	BlackRock MuniHoldings Fund II, Inc.	June 30, 2019
40.	MHD	BlackRock MuniHoldings Fund, Inc.	June 30, 2019


	TICKER	FUND	EXPIRATION DATE
41.	MFL	BlackRock MuniHoldings Investment Quality Fund	June 30, 2019
42.	MUJ	BlackRock MuniHoldings New Jersey Quality Fund, Inc.	June 30, 2019
43.	MHN	BlackRock MuniHoldings New York Quality Fund, Inc.	June 30, 2019
44.	MUE	BlackRock MuniHoldings Quality Fund II, Inc.	June 30, 2019
45.	MUS	BlackRock MuniHoldings Quality Fund, Inc.	June 30, 2019
46.	MVT	BlackRock MuniVest Fund II, Inc.	June 30, 2019
47.	MVF	BlackRock MuniVest Fund, Inc.	June 30, 2019
48.	MZA	BlackRock MuniYield Arizona Fund, Inc.	June 30, 2019
49.	MYC	BlackRock MuniYield California Fund, Inc.	June 30, 2019
50.	MCA	BlackRock MuniYield California Quality Fund, Inc.	June 30, 2019
51.	MYD	BlackRock MuniYield Fund, Inc.	June 30, 2019
52.	MYF	BlackRock MuniYield Investment Fund	June 30, 2019
53.	MFT	BlackRock MuniYield Investment Quality Fund	June 30, 2019
54.	MIY	BlackRock MuniYield Michigan Quality Fund, Inc.	June 30, 2019
55.	MYJ	BlackRock MuniYield New Jersey Fund, Inc.	June 30, 2019
56.	MYN	BlackRock MuniYield New York Quality Fund, Inc.	June 30, 2019
57.	MPA	BlackRock MuniYield Pennsylvania Quality Fund	June 30, 2019
58.	MQT	BlackRock MuniYield Quality Fund II, Inc.	June 30, 2019
59.	MYI	BlackRock MuniYield Quality Fund III, Inc.	June 30, 2019
60.	MQY	BlackRock MuniYield Quality Fund, Inc.	June 30, 2019
61.	BLJ	BlackRock New Jersey Municipal Bond Trust	June 30, 2019
62.	BNJ	BlackRock New Jersey Municipal Income Trust	June 30, 2019


	TICKER	FUND	EXPIRATION DATE
63.	BLH	BlackRock New York Municipal 2018 Term Trust	June 30, 2019
64.	BQH	BlackRock New York Municipal Bond Trust	June 30, 2019
65.	BSE	BlackRock New York Municipal Income Quality Trust	June 30, 2019
66.	BNY	BlackRock New York Municipal Income Trust	June 30, 2019
67.	BFY	BlackRock New York Municipal Income Trust II	June 30, 2019
68.	—	BlackRock Preferred Partners LLC	July 31, 2018
69.	BCX	BlackRock Resources & Commodities Strategy Trust	June 30, 2019
70.	BST	BlackRock Science and Technology Trust	June 30, 2019
71.	BUI	BlackRock Utilities, Infrastructure & Power Opportunities Trust	June 30, 2019
72.	BHV	BlackRock Virginia Municipal Bond Trust	June 30, 2019
73.	BSD	The BlackRock Strategic Municipal Trust	June 30, 2019
74.	BGIO	BlackRock 2022 Global Income Opportunity Trust¹	June 30, 2019
75.	—	BlackRock Multi-Sector Opportunities Trust²	June 30, 2019

¹	This Agreement was effective with respect to BlackRock 2022 Global Income Opportunity Trust as of February 16, 2017.

²	This Agreement was effective with respect to BlackRock Multi-Sector Opportunities Trust as of February 22, 2018.

SCHEDULE B

Closed-End Fund Master Advisory Fee Waiver Agreement

(Dated as of December 2, 2016)

BlackRock Advisors, LLC will waive the management fee with respect to any portion of the Fund’s assets estimated to be attributable to investments in other equity and fixed-income mutual funds and exchange-traded funds managed by BlackRock Advisors, LLC or its affiliates.