UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 2, 2021 (November 2, 2021)
BLACKROCK MUNIYIELD QUALITY FUND, INC.
(Exact Name of Registrant as Specified in Charter)
| MARYLAND | 811-06660 | 22-3170744 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
55 East 52nd Street
New York, New York 10055
(Address of principal executive offices, including zip code)
(212) 810-5300
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure.
On November 2, 2021, the Board of Directors (the “Board”) of BlackRock MuniYield Quality Fund, Inc., a Maryland corporation (the “Fund”), adopted resolutions to cause the Fund to be subject to the Maryland Control Share Acquisition Act (the “MCSAA”), effective November 2, 2021, and elected to classify the Board, effective November 18, 2021, pursuant to provisions of the Maryland General Corporation Law. Also on November 2, 2021, the Board approved amending and restating the bylaws of the Fund in their entirety (the “Amended and Restated Bylaws”) to reflect the Fund’s election to be subject to the MCSAA, classify the Board and amend Article I, Section 11 of the bylaws relating to the election of Directors. The Amended and Restated Bylaws provide that the provisions of the MCSAA do not apply to, among other things, the voting rights of the holders of any shares of preferred stock of the Fund (but only with respect to such preferred stock) or to the voting rights of any person acquiring shares of stock of the Fund in a control share acquisition (as defined in the MCSAA) if, prior to the acquisition, the person obtains approval of the Board exempting the acquisition from the MCSAA specifically, generally, or generally by types, which exemption may include the person and the person’s affiliates or associates or other persons. The Amended and Restated Bylaws are effective November 2, 2021. A copy of the Amended and Restated Bylaws is included as Exhibit 3.1 to this report and incorporated by reference herein. The initial classes of Directors of the Fund are set out in Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description | |
| 3.1 | Amended and Restated Bylaws of BlackRock MuniYield Quality Fund, Inc., effective as of November 2, 2021 | |
| 99.1 | Initial Classes of Directors | |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BLACKROCK MUNIYIELD QUALITY FUND, INC. | ||
| By: | /S/ JANEY AHN | |
| Name: | Janey Ahn | |
| Title: | Secretary | |
DATE: November 2, 2021
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EXHIBIT INDEX
| Exhibit Number | Description | |
| 3.1 | Amended and Restated Bylaws of BlackRock MuniYield Quality Fund, Inc., effective as of November 2, 2021 | |
| 99.1 | Initial Classes of Directors | |
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