<SEC-DOCUMENT>0001193125-21-364490.txt : 20220307
<SEC-HEADER>0001193125-21-364490.hdr.sgml : 20220307
<ACCEPTANCE-DATETIME>20211222111759
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-21-364490
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20211222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIHOLDINGS NEW JERSEY QUALITY FUND, INC.
		CENTRAL INDEX KEY:			0001053988
		IRS NUMBER:				223564106
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIHOLDINGS NEW JERSEY INSURED FUND, INC.
		DATE OF NAME CHANGE:	20070611

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIHOLDINGS NEW JERSEY INSURED FUND INC
		DATE OF NAME CHANGE:	19980129

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIYIELD NEW JERSEY FUND, INC.
		CENTRAL INDEX KEY:			0000884216
		IRS NUMBER:				223153971
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		100  BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100  BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIYIELD NEW JERSEY FUND INC
		DATE OF NAME CHANGE:	20061026

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIYIELD NEW JERSEY FUND INC
		DATE OF NAME CHANGE:	19920811

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC.
		CENTRAL INDEX KEY:			0000888410
		IRS NUMBER:				223194459
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
		DATE OF NAME CHANGE:	20101109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIYIELD CALIFORNIA INSURED FUND, INC
		DATE OF NAME CHANGE:	20070612

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIYIELD CALIFORNIA INSURED FUND INC
		DATE OF NAME CHANGE:	20050726

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNICIPAL INCOME FUND, INC.
		CENTRAL INDEX KEY:			0001232860
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNI INTERMEDIATE DURATION FUND, INC.
		DATE OF NAME CHANGE:	20120921

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNI INTERMEDIATE DURATION FUND INC
		DATE OF NAME CHANGE:	20061026

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNI INTERMEDIATE DURATION FUND INC
		DATE OF NAME CHANGE:	20030514

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND, INC.
		CENTRAL INDEX KEY:			0001051004
		IRS NUMBER:				223559052
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIHOLDINGS CALIFORNIA INSURED FUND, INC.
		DATE OF NAME CHANGE:	20070611

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIHOLDINGS CALIFORNIA INSURED FUND
		DATE OF NAME CHANGE:	20000828

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIHOLDINGS CALIFORNIA INSURED FUND II INC/
		DATE OF NAME CHANGE:	19980120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIYIELD CALIFORNIA FUND, INC.
		CENTRAL INDEX KEY:			0000882152
		IRS NUMBER:				223144221
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIYIELD CALIFORNIA FUND, INC
		DATE OF NAME CHANGE:	20070612

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIYIELD CALIFORNIA FUND INC
		DATE OF NAME CHANGE:	19920717

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CALIFORNIA MUNIYIELD FUND INC
		DATE OF NAME CHANGE:	19600201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
		CENTRAL INDEX KEY:			0001045126
		IRS NUMBER:				223536487
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIHOLDINGS INSURED INVESTMENT FUND
		DATE OF NAME CHANGE:	20080926

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIHOLDINGS FLORIDA INSURED FUND, INC.
		DATE OF NAME CHANGE:	20070611

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIHOLDINGS FLORIDA INSURED FUND INC
		DATE OF NAME CHANGE:	19970828
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML><HEAD>
<TITLE>Blackrock Multi-Fund</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="80%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top">


<IMG SRC="g238173g1222073511339.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">787&nbsp;Seventh&nbsp;Avenue<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:9pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">New&nbsp;York,&nbsp;NY&nbsp;10019-6099</FONT></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:9pt; font-family:Times New Roman">Tel: 212 728 8000</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:9pt; font-family:Times New Roman">Fax: 212 728 8111</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December&nbsp;22, 2021 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>VIA EDGAR </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">David Orlic </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Investment Management </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities and Exchange
Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, NE </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, DC 20549 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Proxy Materials on Schedule 14A for the </P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Registrants listed on Appendix A hereto (collectively, the &#147;Funds&#148;) </U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Mr.&nbsp;Orlic: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On behalf of each Fund, this letter
responds to the comments provided by the staff of the Division of Investment Management (the &#147;<U>Staff</U>&#148;) of the Securities and Exchange Commission (the &#147;<U>Commission</U>&#148;) to the undersigned by telephone on December&nbsp;20,
2021 regarding: (i)&nbsp;the Preliminary Proxy Materials filed by BlackRock MuniYield California Fund, Inc., BlackRock MuniYield California Quality Fund, Inc. and BlackRock MuniHoldings California Quality Fund, Inc. on December&nbsp;10, 2021 (the
&#147;<U>MUC Reorganizations Preliminary Proxy Materials</U>&#148;); (ii) the Preliminary Proxy Materials filed by BlackRock MuniYield New Jersey Fund, Inc. and BlackRock MuniHoldings New Jersey Quality Fund, Inc. on December&nbsp;10, 2021 (the
&#147;<U>MUJ Reorganization Preliminary Proxy Materials</U>&#148;); and (iii)&nbsp;the Preliminary Proxy Materials filed by BlackRock MuniHoldings Investment Quality Fund and BlackRock Municipal Income Fund, Inc. on December&nbsp;10, 2021 (the
&#147;<U>MUI Reorganization Preliminary Proxy Materials</U>&#148; and collectively with the MUC Reorganizations Preliminary Proxy Materials and the MUJ Reorganization Preliminary Proxy Materials, the &#147;<U>Preliminary Proxy Materials</U>&#148;).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Staff&#146;s comments are summarized below in italicized text. We have discussed the Staff&#146;s comments with representatives of the Fund. Each
Fund&#146;s responses to the applicable comments of the Staff are set out immediately under the restated comment. Please note that we have not independently verified information provided by the Funds. Unless otherwise indicated, defined terms used
herein have the meanings set forth in the applicable Preliminary Proxy Materials. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">B<SMALL>RUSSELS&nbsp;&nbsp;&nbsp;&nbsp;</SMALL>C<SMALL>HICAGO&nbsp;&nbsp;&nbsp;&nbsp;</SMALL>F<SMALL>RANKFURT&nbsp;&nbsp;&nbsp;&nbsp;
</SMALL>H<SMALL>OUSTON&nbsp;&nbsp;&nbsp;&nbsp;</SMALL>L<SMALL>ONDON&nbsp;&nbsp;&nbsp;&nbsp;</SMALL>L<SMALL>OS</SMALL> A<SMALL>NGELES&nbsp;&nbsp;&nbsp;&nbsp;</SMALL>M<SMALL>ILAN</SMALL> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">N<SMALL>EW</SMALL> Y<SMALL>ORK&nbsp;&nbsp;&nbsp;&nbsp;</SMALL>P<SMALL>ALO</SMALL>
A<SMALL>LTO&nbsp;&nbsp;&nbsp;&nbsp;</SMALL>P<SMALL>ARIS&nbsp;&nbsp;&nbsp;&nbsp;</SMALL>R<SMALL>OME&nbsp;&nbsp;&nbsp;&nbsp;</SMALL>S<SMALL>AN</SMALL> F<SMALL>RANCISCO&nbsp;&nbsp;&nbsp;&nbsp;</SMALL>W<SMALL>ASHINGTON</SMALL> </P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December 22, 2021 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 2 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment&nbsp;No.&nbsp;1:</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>All Preliminary Proxy Materials. Please provide the proxy cards to the Staff in draft form before filing the proxy cards with the definitive proxy materials.</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The Funds provided the proxy cards to the Staff in draft form via email on December&nbsp;20, 2021. The Funds confirm that all proxy cards will be filed with the definitive proxy materials.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment No.</U><U></U><U>&nbsp;2</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>MUC Reorganizations Preliminary Proxy Materials and MUI Reorganization Preliminary Proxy Materials. Please add disclosure that the applicable refinancing(s) will not occur unless shareholders approve the
Reorganization(s).</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The description of Proposals 1(A) and 1(C) in the MUC Reorganizations Preliminary Proxy Materials and the description of Proposal 1(A) in the MUI Reorganization Preliminary Proxy Materials state that if shareholders approve the
respective Reorganization Agreement, it is expected that the applicable Fund will refinance its preferred shares. Accordingly, the Funds submit that the disclosure is clear that the refinancing(s) will only occur if shareholders approve the
Reorganization(s).</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment No.&nbsp;3</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>All Preliminary Proxy Materials. In the Question and Answer section, in response to the question &#147;Why has each Fund&#146;s Board recommended these proposals?&#148;, please add disclosure addressed to each Fund&#146;s
preferred shareholders explaining why the Board of each Fund has recommended the proposals. </I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The disclosure in response to the above-referenced question states that the Board of each Fund determined that the Reorganization(s) is in the best interest of its Fund and the interests of the Fund&#146;s existing common
shareholders and preferred shareholders will not be diluted with respect to net asset value and liquidation preference, respectively, as a result of the Reorganization(s). The disclosure also indicates that the Reorganization(s) is intended to
reduce fund redundancies and create a single, larger fund that may benefit from anticipated operating efficiencies and economies of scale. The Funds respectfully submit that the current disclosure sufficiently describes the reasons why the Board of
each Fund has recommended the proposals.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment No.</U><U></U><U>&nbsp;4</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>MUC Reorganizations Preliminary Proxy Materials and MUI Reorganization Preliminary Proxy Materials. In the Question and Answer section, in response to the question &#147;How will holders of preferred shares be affected by the
Reorganization[s]?&#148;, please explain why, in the case of the MUC Reorganizations Preliminary Proxy Materials, the</I> <I>terms of the Target Fund VMTP Shares to be issued in the VRDP Refinancings will be &#147;substantially identical,&#148; not
identical, to those of the Acquiring Fund&#146;s VMTP Shares, and why, in the case of the MUI Reorganization Preliminary Proxy Materials, the terms of the Acquiring Fund VRDP Shares to be issued in the Acquiring Fund VMTP Refinancing will be
&#147;substantially identical,&#148; not identical, to those of MFL&#146;s VRDP Shares. </I></TD></TR>
</TABLE>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December 22, 2021 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 3 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The Funds believe that the phrase &#147;substantially identical&#148; appropriately accounts for any minor differences between, in the case of the MUC Reorganizations Preliminary Proxy Materials, the terms of the Target Fund VMTP
Shares to be issued in the VRDP Refinancings and those of the Acquiring Fund&#146;s VMTP Shares and, in the case of the MUI Reorganization Preliminary Proxy Materials, the terms of the Acquiring Fund VRDP Shares to be issued in the Acquiring Fund
VMTP Refinancing and those of MFL&#146;s VRDP Shares. None of such differences will be material.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment No</U><I><U>.</U></I><I><U></U></I><U>&nbsp;5</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>MUC Reorganizations Preliminary Proxy Materials. Please explain why MUC&#146;s 80% investment policy regarding investment in California Municipal Bonds and other long-term Municipal Bonds includes an exception for
&#147;temporary defensive periods.&#148;</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Rule <FONT STYLE="white-space:nowrap">35d-1</FONT> under the Investment Company Act of 1940, as amended, requires, among other things, a fund with a name suggesting that the fund focuses its investments in a particular type of
investment or investments to adopt a policy to invest, under normal circumstances, at least 80% of the value of its Assets (as defined in Rule <FONT STYLE="white-space:nowrap">35d-1)</FONT> in the particular type of investments suggested by the
fund&#146;s name. As proposed, Rule <FONT STYLE="white-space:nowrap">35d-1</FONT> permitted a fund to depart from its 80% investment policy in order to take a &#147;temporary defensive position&#148; to avoid losses in response to adverse market,
economic, political, or other condition.<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> In response to comments on the proposed rule that argued that the &#147;temporary defensive position&#148; exception was too narrow, the Commission
instead adopted the &#147;under normal circumstances&#148; standard set out in the final version of Rule <FONT STYLE="white-space:nowrap">35d-1</FONT> and indicated that the &#147;under normal circumstances&#148; standard both encompasses and is
broader than the &#147;temporary defensive position&#148; exception.<SUP STYLE="font-size:85%; vertical-align:top">2</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">MUC was launched in February 1998, during the interim period between the proposal of Rule <FONT STYLE="white-space:nowrap">35d-1</FONT> in 1997 and the adoption of Rule <FONT STYLE="white-space:nowrap">35d-1</FONT> in 2001.
Accordingly, it appears that MUC adopted an 80% investment policy that tracked the proposed form of Rule <FONT STYLE="white-space:nowrap">35d-1</FONT> and thus included an exception for &#147;temporary defensive periods&#148; similar to the
exception for a &#147;temporary defensive position&#148; in the proposed rule. Given that MUC&#146;s 80% investment</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>See</I> Investment Company Names, Investment Company Act Release No.&nbsp;24828 (Jan. 17, 2001),
<I>available at</I> <U><FONT STYLE="white-space:nowrap">https://www.sec.gov/rules/final/ic-24828.htm</FONT></U>. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>See id</I>. </P></TD></TR></TABLE>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December 22, 2021 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 4 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">policy is required to be fundamental,<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> MUC has not changed its 80% investment policy to align with the &#147;under normal circumstances&#148; standard in the final version of
Rule <FONT STYLE="white-space:nowrap">35d-1</FONT> adopted after MUC&#146;s launch, which is broader than the &#147;temporary defensive periods&#148; exception in MUC&#146;s 80% investment policy.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment No</U><I><U>.</U></I><I><U></U></I><U>&nbsp;6</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>MUC Reorganizations Preliminary Proxy Materials and MUJ Reorganization Preliminary Proxy Materials. Please add disclosure explaining that the amendments to the Articles Supplementary of the Acquiring Fund to be voted on by
preferred shareholders of the Acquiring Fund will involve only changes related to the issuance of additional preferred shares by the Acquiring Fund in the Reorganization(s). </I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The requested changes will be made.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment No.</U><U></U><U>&nbsp;7</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>MUC Reorganizations Preliminary Proxy Materials and MUJ Reorganization Preliminary Proxy Materials. Please provide copies of the Articles of Amendment to be voted on by the Acquiring Fund&#146;s preferred shareholders to the
Staff via email prior to filing such Articles of Amendment with the definitive proxy materials.</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The Funds provided the Articles of Amendment to the Staff in draft form via email on December&nbsp;20, 2021.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment No.</U><U></U><U>&nbsp;8</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>All Preliminary Proxy Materials. In the disclosure regarding appraisal rights under Maryland law, please clarify whether the Reorganization(s) is one of the limited circumstances in which shareholders would be entitled to
appraisal rights.</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Each Fund formed as a Maryland corporation confirms that the limited circumstances in which shareholders would be entitled to appraisal rights do not apply to the Reorganization(s). Accordingly, the disclosure regarding appraisal
rights will be revised to add &#147;which do not apply to the Reorganization[s]&#148; after &#147;except in limited circumstances.&#148;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment No.</U><U></U><U>&nbsp;9</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>All Preliminary Proxy Materials. In the section entitled, &#147;Vote Required and Manner of Voting Proxies,&#148; please remove references to broker <FONT STYLE="white-space:nowrap">non-votes</FONT> as there are no routine
proposals to be voted on by shareholders.</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Item 21(b) of Schedule 14A requires the Funds to disclose the method by which votes will be counted, including the treatment and effect of abstentions and broker <FONT STYLE="white-space:nowrap">non-votes</FONT> under applicable
state law and the Funds&#146; charters and bylaws. Accordingly, the Funds have included disclosure regarding the treatment of broker <FONT STYLE="white-space:nowrap">non-votes</FONT> in the above-referenced section, but indicated that the treatment
of broker <FONT STYLE="white-space:nowrap">non-votes</FONT> is &#147;subject to any applicable rules of the NYSE.&#148;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">3</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>See</I> Questions 3 and 4, Frequently Asked Questions About Rule
<FONT STYLE="white-space:nowrap">35d-1</FONT> (Investment Company Names) (Last Modified: December&nbsp;4, 2001), <I>available at </I><U>https://www.sec.gov/divisions/investment/guidance/rule35d-1faq.htm</U>.
</P></TD></TR></TABLE>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December 22, 2021 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 5 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="14%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment No.</U><U></U><U>&nbsp;10</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>MUC Reorganizations Preliminary Proxy Materials. Under &#147;Vote Required and Manner of Voting Proxies,&#148; please add references to the proposals to be voted on solely by preferred shareholders of the Acquiring Fund (i.e.,
Proposals&nbsp;1(E) and 1(F)) in the discussion of the treatment of abstentions and broker <FONT STYLE="white-space:nowrap">non-votes</FONT> by the Acquiring Fund.</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The requested change will be made.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment No.</U><U></U><U>&nbsp;11</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>All Preliminary Proxy Materials. Under &#147;Vote Required and Manner of Voting Proxies,&#148; please confirm that abstentions will be counted by the Acquiring Fund as &#147;votes cast.&#148;</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The aforementioned disclosure will be revised to reflect that abstentions will be counted by the Acquiring Fund as &#147;shares present,&#148; as is the case for the Target Fund(s).</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment No.</U><U></U><U>&nbsp;12</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>All Preliminary Proxy Materials. Please explain why the vote standards for the proposals to be voted on by each Fund&#146;s preferred shareholders as a separate class is a 1940 Act Majority for all such proposals other than
Proposal&nbsp;1(C) in the MUI Reorganization Preliminary Proxy Materials, for which the vote standard is a majority of shares present or represented by proxy.</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The right of each Fund&#146;s preferred shareholders to vote as a separate class on the proposal to approve the applicable Reorganization Agreement, and the required standard for such vote, is set out in the Articles
Supplementary or Statement of Preferences governing the Fund&#146;s preferred shares, not the federal securities laws. The Funds note that, following further review, the vote standard for Proposal&nbsp;1(C) is also a 1940 Act Majority, which will be
reflected in the applicable definitive proxy materials.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Comment No.</U><U></U><U>&nbsp;13</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>All Preliminary Proxy Materials. Please confirm whether there are any regulatory approvals required in connection with the Reorganization(s) and, if so, disclose the status of such approvals. See Item 14(b)(5) of Schedule
14A.</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><U>Response</U>:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">The Funds confirm that no regulatory approvals are required in connection with the Reorganizations.</TD></TR>
</TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;
&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;* </P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December 22, 2021 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 6 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Please do not hesitate to contact me at
(212) <FONT STYLE="white-space:nowrap">728-8955</FONT> if you have comments or if you require additional information regarding the Funds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Respectfully
submitted, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>/s/ Bissie K. Bonner </U></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Bissie K. Bonner
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Dean A. Caruvana, Esq., BlackRock, Inc. </P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Elliot J. Gluck, Esq., Willkie Farr&nbsp;&amp; Gallagher LLP </P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December 22, 2021 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 7 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Appendix A </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BlackRock MuniYield California Fund, Inc. (File <FONT STYLE="white-space:nowrap">No.&nbsp;811-06499)</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BlackRock MuniYield California Quality Fund, Inc. (File <FONT STYLE="white-space:nowrap">No.&nbsp;811-06692)</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BlackRock MuniHoldings California Quality Fund, Inc. (File <FONT STYLE="white-space:nowrap">No.&nbsp;811-08573)</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BlackRock MuniYield New Jersey Fund, Inc. (File <FONT STYLE="white-space:nowrap">No.&nbsp;811-06570)</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BlackRock MuniHoldings New Jersey Quality Fund, Inc. (File <FONT STYLE="white-space:nowrap">No.&nbsp;811-08621)</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BlackRock MuniHoldings Investment Quality Fund (File <FONT STYLE="white-space:nowrap">No.&nbsp;811-08349)</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BlackRock Municipal Income Fund, Inc. (File <FONT STYLE="white-space:nowrap">No.&nbsp;811-21348)</FONT> </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g238173g1222073511339.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g238173g1222073511339.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  7 4L# 2(  A$! Q$!_\0
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?MFM]O 7A>61Y;C1[:XGD<O)-,NYW8G))/XT44 ?_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
