AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 27, 1999 SCHEDULE 14A (RULE 14A-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3) Filed by the registrant |X| Filed by a party other than the registrant |_| Check the appropriate box: |_| Preliminary proxy statement |_| Confidential, For Use of the Com- mission Only (as permitted by Rule 14a-6(e)(2)) |_| Definitive proxy statement |X| Definitive additional materials |_| Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12 MUNIVEST PENNSYLVANIA INSURED FUND MUNIYIELD ARIZONA FUND, INC. MUNIYIELD FLORIDA FUND MUNIYIELD MICHIGAN FUND, INC. MUNIYIELD NEW JERSEY FUND, INC. MUNIYIELD CALIFORNIA FUND, INC. MUNIYIELD CALIFORNIA INSURED FUND, INC. MUNIYIELD CALIFORNIA INSURED FUND II, INC. MUNIYIELD NEW YORK INSURED FUND, INC. MUNIYIELD NEW YORK INSURED FUND II, INC. P.O. BOX 9011 PRINCETON, NEW JERSEY 08543-9011 - -------------------------------------------------------------------------------- (Name of Registrant as Specified in Its Charter) Same as above - -------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of filing fee (Check the appropriate box): |X| No fee required. |_| Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: - -------------------------------------------------------------------------------- (2) Aggregate number of securities to which transaction applies: - -------------------------------------------------------------------------------- (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): - -------------------------------------------------------------------------------- (4) Proposed maximum aggregate value of transaction: - -------------------------------------------------------------------------------- (5) Total fee paid: - -------------------------------------------------------------------------------- |_| Fee paid previously with preliminary materials. - -------------------------------------------------------------------------------- |_| Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registrations statement number, or the form or schedule and the date of its filing. (1) Amount previously paid: - -------------------------------------------------------------------------------- (2) Form, Schedule or Registration Statement no.: - -------------------------------------------------------------------------------- (3) Filing Party: - -------------------------------------------------------------------------------- (4) Date Filed: - -------------------------------------------------------------------------------- MUNIVEST PENNSYLVANIA INSURED FUND MUNIYIELD ARIZONA FUND, INC. MUNIYIELD FLORIDA FUND MUNIYIELD MICHIGAN FUND, INC. MUNIYIELD NEW JERSEY FUND, INC. MUNIYIELD CALIFORNIA FUND, INC. MUNIYIELD CALIFORNIA INSURED FUND, INC. MUNIYIELD CALIFORNIA INSURED FUND II, INC. MUNIYIELD NEW YORK INSURED FUND, INC. MUNIYIELD NEW YORK INSURED FUND II, INC. **IMPORTANT: MEETINGS ADJOURNED** April 27, 1999 Dear Stockholders: We have previously mailed to you proxy materials relating to the Annual Meeting of Stockholders of your Fund held on April 21, 1999. The Meetings have been adjourned to May 27, 1999, with respect to Proposal 3 only. Your vote for your Fund's meeting has not been received. We encourage you to utilize one of the following options today for providing your voting instructions promptly: 1) By Telephone: Use touch-tone voting by calling 1-800-454-8683. Have the ------------ 12 digit control number found on your ballot ready when prompted. 2) By Internet: Go to website www.proxyvote.com. Enter the 12 digit ----------- control number found on your ballot and follow the simple instructions. 3) By Mail: Sign and date your card. Mail in the postage-paid return ------- envelope provided. For the reasons set forth in the Combined Proxy Statement dated March 18, 1999, your Board believes Proposal 3 is in the best interest of stockholders and recommends a vote FOR Proposal 3. If you have any questions or need assistance in voting your shares, please call your Fund's proxy solicitor, D.F. King & Co., Inc. toll free at 1-800-859-8508. ================================================================================ YOUR VOTE IS IMPORTANT. PLEASE VOTE TODAY TO AVOID UNNECESSARY SOLICITATION COSTS TO YOUR FUND. ================================================================================