Name | Value |
---|---|
Revenues | 1,650.6K |
Cost of Revenue | 1,594.1K |
Gross Profit | 56.5K |
Operating Expense | 4,224.0K |
Operating I/L | 4,191.9K |
Other Income/Expense | -4,885.5K |
Interest Income | 2,431.6K |
Pretax | -693.6K |
Income Tax Expense | -8,244.0K |
Net Income/Loss | -693.6K |
BlackRock MuniYield Michigan Quality Fund, Inc. is a closed-ended fixed income mutual fund managed by BlackRock Advisors, LLC. The fund focuses on investing in investment grade, long-term municipal obligations exempt from federal income taxes and Michigan income taxes. By investing in the fixed income markets of the United States, the fund generates revenue through interest income from its municipal bond holdings. Established in 1992, the fund's primary business is to provide tax-exempt income to its investors while maintaining a high-quality portfolio of municipal securities.