SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
WELLS FARGO & COMPANY/MN

(Last) (First) (Middle)
420 MONTGOMERY STREET

(Street)
SAN FRANCISCO CA 94104

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BLACKROCK MUNIYIELD QUALITY FUND, INC. [ MQY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
04/19/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Variable Rate Demand Preferred Shares 04/19/2021 J(1)(2) 2,737 A(1)(2) (1)(2) 4,503(1)(2) I(3) By Subsidiary(3)(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
WELLS FARGO & COMPANY/MN

(Last) (First) (Middle)
420 MONTGOMERY STREET

(Street)
SAN FRANCISCO CA 94104

(City) (State) (Zip)
1. Name and Address of Reporting Person*
WELLS FARGO BANK N A

(Last) (First) (Middle)
101 NORTH PHILLIPS AVENUE

(Street)
SIOUX FALLS SD 57104

(City) (State) (Zip)
Explanation of Responses:
1. In connection with the reorganization of BlackRock Maryland Municipal Bond Trust ("BZM"), BlackRock Massachusetts Tax-Exempt Trust ("MHE"), BlackRock MuniYield Arizona Fund, Inc. ("MZA"), BlackRock MuniYield Investment Fund ("MYF") and BlackRock MuniEnhanced Fund, Inc. ("MEN") into the Issuer, 185 Series W-7 Variable Rate Demand Preferred Shares ("VRDP Shares") of MHE, 373 VRDP Shares of MZA and 1,425 VRDP Shares of MEN beneficially owned by Wells Fargo Bank, N.A. ("WFBNA") were exchanged for an equal number of VRDP Shares of the Issuer in a cashless transaction.
2. In addition to the VRDP Shares of MHE, MZA and MEN that were exchanged for an equal number of VRDP Shares of the Issuer, 754 VRDP Shares of the Issuer were acquired as a result of a purchase of the VRDP Shares in an open market transaction for a purchase price of $100,000 per share. WFBNA is a wholly owned subsidiary of Wells Fargo & Company ("Wells Fargo").
3. This statement is jointly filed by Wells Fargo and WFBNA. Wells Fargo holds an indirect interest in the securities listed in Table I by virtue of its indirect ownership of its subsidiary WFBNA.
4. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
Remarks:
Exhibits Index Exhibit 99.1 - Joint Filing Agreement Exhibit 99.2 - Joint Filer Information
WELLS FARGO & COMPANY, by: /s/ Patricia Arce 04/21/2021
WELLS FARGO BANK, N.A., by: /s/ Alejandro Piekarewicz 04/21/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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