UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-07136
Name of Fund: BlackRock MuniYield Pennsylvania Quality Fund (MPA)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniYield Pennsylvania Quality Fund, 55 East 52nd Street, New York, NY 10055
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 07/31/2012
Date of reporting period: 04/30/2012
Item 1 – Schedule of Investments
|
|
|
|
Schedule of Investments April 30, 2012 (Unaudited) |
BlackRock MuniYield Pennsylvania Quality Fund (MPA) |
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
Pennsylvania 104.3% |
|
|
|
|
|
|
|
Corporate 5.7% |
|
|
|
|
|
|
|
Beaver County IDA, Refunding RB, |
|
$ |
1,200 |
|
$ |
1,223,316 |
|
Delaware County IDA Pennsylvania, |
|
|
2,520 |
|
|
2,596,608 |
|
Northumberland County IDA, Refunding |
|
|
4,500 |
|
|
4,593,195 |
|
Pennsylvania Economic Development |
|
|
1,200 |
|
|
1,235,928 |
|
Pennsylvania Economic Development |
|
|
865 |
|
|
902,359 |
|
|
|
|
|
|
|
10,551,406 |
|
County/City/Special District/School District 28.6% |
|
|
|
|
|
|
|
Chambersburg Area School District, GO |
|
|
|
|
|
|
|
5.25%, 3/01/26 |
|
|
2,115 |
|
|
2,341,263 |
|
5.25%, 3/01/27 |
|
|
2,500 |
|
|
2,756,375 |
|
City of Philadelphia Pennsylvania, GO, |
|
|
|
|
|
|
|
(AGC), 5.00%, 8/01/24 |
|
|
2,000 |
|
|
2,225,120 |
|
(AGM), 5.25%, 12/15/32 |
|
|
5,000 |
|
|
5,457,600 |
|
City of Pittsburgh Pennsylvania, GO, |
|
|
970 |
|
|
1,083,015 |
|
Connellsville Area School District, GO, |
|
|
1,000 |
|
|
1,016,590 |
|
County of York Pennsylvania, GO, 5.00%, |
|
|
400 |
|
|
438,192 |
|
East Stroudsburg Area School District, GO, |
|
|
|
|
|
|
|
(AGM), 5.00%, 9/01/25 |
|
|
7,000 |
|
|
7,732,550 |
|
(NPFGC), 7.75%, 9/01/27 |
|
|
2,000 |
|
|
2,508,860 |
|
Falls Township Pennsylvania, RB, Water & |
|
|
1,070 |
|
|
1,172,324 |
|
Lower Merion School District, GO, |
|
|
2,035 |
|
|
2,049,448 |
|
Marple Newtown School District, GO |
|
|
3,500 |
|
|
4,067,385 |
|
Northeastern School District York County, |
|
|
1,585 |
|
|
1,696,727 |
|
Philadelphia Redevelopment Authority, |
|
|
|
|
|
|
|
Neighborhood Transformation, |
|
|
1,750 |
|
|
1,750,262 |
|
Quality Redevelopment Neighborhood, |
|
|
4,645 |
|
|
4,760,800 |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
Pennsylvania (continued) |
|
|
|
|
|
|
|
County/City/Special
District/School District |
|
|
|
|
|
|
|
Philadelphia School District, GO: |
|
|
|
|
|
|
|
Series
B (NPFGC), 5.63%, |
|
$ |
3,650 |
|
$ |
3,700,078 |
|
Series E, 6.00%, 9/01/38 |
|
|
3,300 |
|
|
3,740,946 |
|
Philadelphia School District, GO, |
|
|
1,000 |
|
|
1,123,570 |
|
Philipsburg Osceola Area School District |
|
|
755 |
|
|
790,576 |
|
Shaler Area School District |
|
|
6,145 |
|
|
2,827,806 |
|
|
|
|
|
|
|
53,239,487 |
|
Education 8.4% |
|
|
|
|
|
|
|
Adams County IDA, Refunding RB, |
|
|
100 |
|
|
111,862 |
|
Pennsylvania Higher Educational |
|
|
|
|
|
|
|
Drexel University, Series A (NPFGC), |
|
|
1,500 |
|
|
1,588,620 |
|
University of Pennsylvania |
|
|
7,750 |
|
|
7,756,122 |
|
University of Pennsylvania |
|
|
1,135 |
|
|
1,238,932 |
|
Pennsylvania Higher Educational |
|
|
|
|
|
|
|
Drexel University, Series A, |
|
|
2,750 |
|
|
3,018,648 |
|
State System Higher |
|
|
1,780 |
|
|
2,003,515 |
|
|
|
|
|
|
|
15,717,699 |
|
Health 11.1% |
|
|
|
|
|
|
|
Allegheny County Hospital Development |
|
|
2,000 |
|
|
2,561,180 |
|
Centre County Hospital Authority, RB, |
|
|
2,020 |
|
|
2,375,257 |
|
County of Lehigh Pennsylvania, RB, |
|
|
7,995 |
|
|
8,414,418 |
|
Cumberland County Municipal Authority, |
|
|
500 |
|
|
535,035 |
|
Montgomery County Higher Education & |
|
|
490 |
|
|
511,408 |
|
|
|
|
|
|
|
|
|
|
BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND |
APRIL 30, 2012 |
1 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniYield Pennsylvania Quality Fund (MPA) |
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
Pennsylvania (continued) |
|
|
|
|
|
|
|
Health (concluded) |
|
|
|
|
|
|
|
Montgomery County IDA Pennsylvania, |
|
|
|
|
|
|
|
4.50%, 11/15/36 |
|
$ |
295 |
|
$ |
270,373 |
|
Series A-1, 6.25%, 11/15/29 |
|
|
235 |
|
|
259,941 |
|
Philadelphia Hospitals & Higher |
|
|
3,000 |
|
|
3,673,380 |
|
South Fork Municipal Authority, |
|
|
2,000 |
|
|
2,165,280 |
|
|
|
|
|
|
|
20,766,272 |
|
Housing 3.0% |
|
|
|
|
|
|
|
Pennsylvania HFA, RB, Series 95-A, |
|
|
1,000 |
|
|
1,009,670 |
|
Pennsylvania HFA, Refunding RB, Series |
|
|
800 |
|
|
877,760 |
|
Pennsylvania HFA, Refunding RB, S/F |
|
|
680 |
|
|
686,617 |
|
Philadelphia Housing Authority Capital |
|
|
3,000 |
|
|
3,087,630 |
|
|
|
|
|
|
|
5,661,677 |
|
State 11.1% |
|
|
|
|
|
|
|
Commonwealth of Pennsylvania, GO: |
|
|
|
|
|
|
|
5.00%, 11/15/30 |
|
|
6,355 |
|
|
7,425,754 |
|
First Series, 5.00%, 6/01/28 |
|
|
1,250 |
|
|
1,488,950 |
|
Pennsylvania Turnpike Commission, RB, |
|
|
3,600 |
|
|
3,921,696 |
|
State Public School Building Authority, RB (AGM): |
|
|
|
|
|
|
|
CAB, Corry Area School District, |
|
|
1,640 |
|
|
1,166,056 |
|
CAB, Corry Area School District, |
|
|
1,980 |
|
|
1,341,351 |
|
CAB, Corry Area School District, |
|
|
1,980 |
|
|
1,274,823 |
|
CAB, Corry Area School District, |
|
|
1,770 |
|
|
1,082,886 |
|
School District Philadelphia Project, |
|
|
1,500 |
|
|
1,621,800 |
|
State Public School Building Authority, |
|
|
1,200 |
|
|
1,285,920 |
|
|
|
|
|
|
|
20,609,236 |
|
Transportation 17.9% |
|
|
|
|
|
|
|
City of Philadelphia Pennsylvania, ARB, |
|
|
7,500 |
|
|
7,721,400 |
|
City of Philadelphia Pennsylvania, RB, |
|
|
2,500 |
|
|
2,610,100 |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
Pennsylvania (concluded) |
|
|
|
|
|
|
|
Transportation (concluded) |
|
|
|
|
|
|
|
Delaware River Port Authority, RB, |
|
$ |
1,560 |
|
$ |
1,677,000 |
|
Pennsylvania Turnpike Commission, RB: |
|
|
|
|
|
|
|
5.00%, 12/01/37 |
|
|
705 |
|
|
774,196 |
|
5.25%, 12/01/41 |
|
|
1,750 |
|
|
1,896,580 |
|
5.00%, 12/01/42 |
|
|
1,100 |
|
|
1,203,334 |
|
Series A (AMBAC), 5.50%, |
|
|
7,800 |
|
|
8,528,208 |
|
Series A (AMBAC), 5.25%, |
|
|
350 |
|
|
380,474 |
|
Sub-Series A, 6.00%, |
|
|
700 |
|
|
777,245 |
|
Sub-Series B (AGM), 5.25%, |
|
|
3,500 |
|
|
3,812,550 |
|
Southeastern Pennsylvania |
|
|
|
|
|
|
|
5.00%, 6/01/28 |
|
|
1,570 |
|
|
1,753,188 |
|
5.00%, 6/01/29 |
|
|
2,080 |
|
|
2,315,851 |
|
|
|
|
|
|
|
33,450,126 |
|
Utilities 18.5% |
|
|
|
|
|
|
|
Allegheny County Sanitation Authority, |
|
|
5,000 |
|
|
5,507,200 |
|
City of Philadelphia Pennsylvania, RB: |
|
|
|
|
|
|
|
1998 General Ordinance, 4th |
|
|
3,300 |
|
|
3,336,102 |
|
Ninth Series, 5.25%, 8/01/40 |
|
|
1,430 |
|
|
1,483,182 |
|
Series A, 5.25%, 1/01/36 |
|
|
700 |
|
|
756,266 |
|
Series C (AGM), 5.00%, 8/01/40 |
|
|
3,000 |
|
|
3,261,660 |
|
Delaware County IDA Pennsylvania, RB, |
|
|
5,500 |
|
|
5,582,115 |
|
Lycoming County Water & Sewer |
|
|
400 |
|
|
421,024 |
|
Northampton Boro Municipal Authority, |
|
|
935 |
|
|
958,122 |
|
Pennsylvania Economic Development |
|
|
|
|
|
|
|
American Water Co. Project, |
|
|
1,300 |
|
|
1,502,774 |
|
Philadelphia Biosolids Facility, |
|
|
1,420 |
|
|
1,552,600 |
|
Pennsylvania IDA, Refunding RB, |
|
|
7,000 |
|
|
7,117,600 |
|
Reading Area Water Authority |
|
|
2,680 |
|
|
2,904,825 |
|
|
|
|
|
|
|
34,383,470 |
|
Total Municipal Bonds in Pennsylvania |
|
|
|
|
|
194,379,373 |
|
|
|
|
|
|
|
|
|
|
BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND |
APRIL 30, 2012 |
2 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniYield Pennsylvania Quality Fund (MPA) |
|
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par |
|
Value |
|
||
Guam 2.3% |
|
|
|
|
|
|
|
County/City/Special District/School District 0.4% |
|
|
|
|
|
|
|
Territory of Guam, RB, Section 30, |
|
$ |
805 |
|
$ |
853,598 |
|
Transportation 1.4% |
|
|
|
|
|
|
|
Guam International Airport Authority, |
|
|
2,500 |
|
|
2,532,125 |
|
Utilities 0.5% |
|
|
|
|
|
|
|
Guam Power Authority, Refunding RB, |
|
|
850 |
|
|
917,158 |
|
Total Municipal Bonds in Guam |
|
|
|
|
|
4,302,881 |
|
|
|
|
|
|
|
|
|
Puerto Rico 1.3% |
|
|
|
|
|
|
|
State 0.8% |
|
|
|
|
|
|
|
Commonwealth of Puerto Rico, GO, |
|
|
1,270 |
|
|
1,350,797 |
|
Utilities 0.5% |
|
|
|
|
|
|
|
Puerto Rico Electric Power Authority, |
|
|
950 |
|
|
948,461 |
|
Total Municipal Bonds in Puerto Rico |
|
|
|
|
|
2,299,258 |
|
|
|
|
|
|
|
|
|
Total Municipal Bonds 107.9% |
|
|
|
|
|
200,981,512 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (f) |
|
|
|
|
|
|
|
Pennsylvania 44.8% |
|
|
|
|
|
|
|
County/City/Special District/School District 5.0% |
|
|
|
|
|
|
|
Erie County Conventional Center |
|
|
8,850 |
|
|
9,357,190 |
|
Education 9.0% |
|
|
|
|
|
|
|
Pennsylvania Higher Educational |
|
|
|
|
|
|
|
Series AE (NPFGC), 4.75%, |
|
|
8,845 |
|
|
9,234,794 |
|
University of Pennsylvania |
|
|
4,270 |
|
|
4,887,655 |
|
University of Pittsburgh Pennsylvania, |
|
|
2,202 |
|
|
2,582,801 |
|
|
|
|
|
|
|
16,705,250 |
|
Health 9.7% |
|
|
|
|
|
|
|
Geisinger Authority, RB: |
|
|
|
|
|
|
|
5.13%, 6/01/34 |
|
|
2,500 |
|
|
2,728,350 |
|
5.25%, 6/01/39 |
|
|
3,128 |
|
|
3,416,101 |
|
5.13%, 6/01/41 |
|
|
6,270 |
|
|
6,862,703 |
|
Philadelphia Hospitals & Higher |
|
|
4,680 |
|
|
5,054,681 |
|
|
|
|
|
|
|
18,061,835 |
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (f) |
|
Par |
|
Value |
|
||
Pennsylvania (concluded) |
|
|
|
|
|
|
|
Housing 3.9% |
|
|
|
|
|
|
|
Pennsylvania HFA, Refunding RB: |
|
|
|
|
|
|
|
AMT, 4.70%, 10/01/37 |
|
$ |
2,950 |
|
$ |
2,968,615 |
|
S/F Mortgage, Series 113, |
|
|
4,120 |
|
|
4,252,334 |
|
|
|
|
|
|
|
7,220,949 |
|
State 17.2% |
|
|
|
|
|
|
|
Commonwealth of Pennsylvania, GO, |
|
|
5,203 |
|
|
6,102,807 |
|
Pennsylvania Turnpike Commission, RB, |
|
|
10,000 |
|
|
10,893,600 |
|
State Public School Building Authority, |
|
|
14,026 |
|
|
15,165,125 |
|
|
|
|
|
|
|
32,161,532 |
|
|
|
|
|
|
|
83,506,756 |
|
|
|
|
|
|
|
|
|
Puerto Rico 3.0% |
|
|
|
|
|
|
|
State 3.0% |
|
|
|
|
|
|
|
Puerto Rico Sales Tax Financing Corp., |
|
|
5,000 |
|
|
5,471,000 |
|
Total
Municipal Bonds Transferred to Tender Option |
|
|
|
|
|
88,977,756 |
|
Total
Long-Term Investments |
|
|
|
|
|
289,959,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities |
|
Shares |
|
|
|
|
|
BIF Pennsylvania Municipal Money |
|
|
74,846 |
|
|
74,846 |
|
Total
Short-Term Securities |
|
|
|
|
|
74,846 |
|
Total Investments (Cost - $272,483,070*) 155.7% |
|
|
|
|
|
290,034,114 |
|
Other Assets Less Liabilities 5.5% |
|
|
|
|
|
10,309,286 |
|
Liability for TOB Trust Certificates, Including
Interest |
|
|
|
|
|
(47,716,835 |
) |
VRDP Shares, at Liquidation Value (35.6)% |
|
|
|
|
|
(66,300,000 |
) |
Net Assets Applicable to Common Shares 100.0% |
|
|
|
|
$ |
186,326,565 |
|
|
|
|
|
|
|
|
|
|
BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND |
APRIL 30, 2012 |
3 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock MuniYield Pennsylvania Quality Fund (MPA) |
|
|
* |
As of April 30, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: |
|
|
|
|
|
Tax cost |
|
$ |
224,792,899 |
|
Gross unrealized appreciation |
|
$ |
17,569,613 |
|
Gross unrealized depreciation |
|
|
(28,300 |
) |
Net unrealized appreciation |
|
$ |
17,541,313 |
|
|
|
(a) |
Variable rate security. Rate shown is as of report date. |
|
|
(b) |
US government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium to par. |
|
|
(c) |
Represents a zero-coupon bond. Rate shown reflects the current yield as of report date. |
|
|
(d) |
When-issued security. Unsettled when-issued transactions were as follows: |
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Value |
|
Unrealized |
|
||
|
Bank of America Merrill Lynch |
|
$ |
8,995,054 |
|
$ |
71,656 |
|
|
Morgan Stanley & Co., Inc. |
|
$ |
948,461 |
|
$ |
10,203 |
|
|
|
(e) |
Security is collateralized by Municipal or US Treasury obligations. |
|
|
(f) |
Securities represent bonds transferred to a TOB in exchange for which the Fund acquired residual interest certificates. These securities serve as collateral in a financing transaction. |
|
|
(g) |
Investments in companies considered to be an affiliate of the Fund during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate |
|
Shares |
|
Net |
|
Shares |
|
Income |
|
||||
|
|||||||||||||
BIF |
|
|
8,744,788 |
|
|
(8,669,942 |
) |
|
74,846 |
|
$ |
1 |
|
|
|
(h) |
Represents the current yield as of report date. |
|
|
|
For Fund compliance purposes, the Funds sector classifications refer to any one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes and/or as defined by Fund management. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease. |
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Portfolio Abbreviations |
|
To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list: |
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|
AGC |
Assured Guaranty Corp. |
AGM |
Assured Guaranty Municipal Corp. |
AMBAC |
American Municipal Bond Assurance Corp. |
AMT |
Alternative Minimum Tax (subject to) |
ARB |
Airport Revenue Bonds |
BHAC |
Berkshire Hathaway Assurance Corp. |
CAB |
Capital Appreciation Bonds |
GO |
General Obligation Bonds |
HFA |
Housing Finance Agency |
IDA |
Industrial Development Authority |
NPFGC |
National Public Finance Guarantee Corp. |
RB |
Revenue Bonds |
S/F |
Single-Family |
Syncora |
Syncora Guarantee |
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Financial futures contracts sold as of April 30, 2012 were as follows: |
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Contracts |
|
Issue |
|
Exchange |
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Expiration |
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Notional |
|
Unrealized |
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|||||
132 |
|
10-Year
US |
|
Chicago |
|
June 2012 |
|
$ |
17,461,125 |
|
$ |
(193,095 |
) |
|
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|
|
Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: |
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Level 1 unadjusted price quotations in active markets/exchanges for identical assets and liabilities |
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Level 2 other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) |
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Level 3 unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Funds own assumptions used in determining the fair value of investments and derivative financial instruments) |
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Funds policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instrument and is not necessarily an indication of the risks associated with investing in those securities. For information about the Funds policy regarding valuation of investments and derivative financial instruments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its semi-annual report.
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BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND |
APRIL 30, 2012 |
4 |
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|
Schedule of Investments (concluded) |
BlackRock MuniYield Pennsylvania Quality Fund (MPA) |
The following tables summarize the inputs used as of April 30, 2012 in determining the fair valuation of the Funds investments and derivative financial instruments:
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Valuation Inputs |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
||||
Assets: |
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|
|
|
|
|
|
|
|
|
|
|
|
Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-Term |
|
|
|
|
$ |
289,959,268 |
|
|
|
|
$ |
289,959,268 |
|
Short-Term |
|
$ |
74,846 |
|
|
|
|
|
|
|
|
74,846 |
|
Total |
|
$ |
74,846 |
|
$ |
289,959,268 |
|
|
|
|
$ |
290,034,114 |
|
|
|
1 |
See above Schedule of Investments for values in each sector. |
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|
|
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|
|
|
|
|
|
Valuation Inputs |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
||||
Derivative Financial |
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|
|
|
|
|
|
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Liabilities: |
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|
|
|
|
|
|
|
|
|
|
Interest rate |
|
$ |
(193,095 |
) |
|
|
|
|
|
|
$ |
(193,095 |
) |
|
|
2 |
Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument. |
Certain of the Funds assets and liabilities are held at carrying amount which approximates fair value. Such assets and liabilities are categorized within the disclosure hierarchy as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Valuation Inputs |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
||||
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash pledged |
|
$ |
146,000 |
|
|
|
|
|
|
|
$ |
146,000 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank Overdraft |
|
|
(5,524 |
) |
|
|
|
|
|
|
|
(5,524 |
) |
TOB trust |
|
|
|
|
$ |
(47,699,902 |
) |
|
|
|
|
(47,699,902 |
) |
VRDP shares |
|
|
|
|
|
(66,300,000 |
) |
|
|
|
|
(66,300,000 |
) |
Total |
|
$ |
140,476 |
|
$ |
(113,999,902 |
) |
|
|
|
$ |
(113,859,426 |
) |
There were no transfers between levels during the period ended April 30, 2012.
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BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND |
APRIL 30, 2012 |
5 |
Item 2 – |
Controls and Procedures |
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2(a) – |
The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. |
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2(b) – |
There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
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Item 3 – |
Exhibits |
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Certifications – Attached hereto |
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|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
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BlackRock MuniYield Pennsylvania Quality Fund |
||
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By: | /s/ John M. Perlowski |
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John M. Perlowski |
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Chief Executive Officer (principal executive officer) of |
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BlackRock MuniYield Pennsylvania Quality Fund |
|
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||
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Date: June 22, 2012 |
||
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|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. |
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By: | /s/ John M. Perlowski |
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|
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John M. Perlowski |
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|
|
Chief Executive Officer (principal executive officer) of |
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BlackRock MuniYield Pennsylvania Quality Fund |
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|
Date: June 22, 2012 |
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By: | /s/ Neal J. Andrews |
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|
Neal J. Andrews |
|
|
|
Chief Financial Officer (principal financial officer) of |
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BlackRock MuniYield Pennsylvania Quality Fund |
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Date: June 22, 2012 |