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Saba Capital Management, L.P., a significant stakeholder in the BlackRock (NYSE:BLK) MuniYield Pennsylvania Quality Fund (NYSE:MPA), recently reported a sale of shares, according to a Form 4 filing with the Securities and Exchange Commission. The fund, with a market capitalization of $150.35 million, has maintained a remarkable 33-year streak of consecutive dividend payments, currently offering a substantial 6.85% yield. On March 7, Saba Capital sold 100 shares of the fund at a price of $11.63 per share, totaling $1,163. Following this transaction, Saba Capital retains ownership of 1,991,841 shares in the fund.
The transaction was executed by Saba Capital, with Boaz Weinstein, a prominent figure in the firm, also listed in the filing. The filing underscores Saba Capital’s ongoing management of its investment position in the fund.
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