EX-99.77Q1 OTHR EXHB 4 77Q1AMYC.txt BlackRock MuniYield California Fund, Inc. (the "Fund") File No. 811-06499 Item No. 77Q1(a) (Copies of Material Amendments to Registrant's Charter or By-laws) -- Attachment Attached please find as an exhibit under Sub-Item 77Q1(a) of Form N-SAR, a copy of the Fund's Amendment to the Notice of Special Rate Period of the Fund's Variable Rate Demand Preferred Shares filed with the books and records of the Fund on June 6, 2017. 1 Exhibit 77Q1(a) BLACKROCK MUNIYIELD CALIFORNIA FUND, INC. (THE "FUND") SERIES W-7 VARIABLE RATE DEMAND PREFERRED SHARES ("VRDP SHARES") CUSIP NO. 09254M600* AMENDMENT TO NOTICE OF SPECIAL RATE PERIOD June 6, 2017 BlackRock MuniYield California Fund, Inc. 100 Bellevue Parkway Wilmington, Delaware 19809 TO: Addressees listed on Schedule 1 hereto In accordance with the Fund's Articles Supplementary Establishing and Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares, dated April 20, 2011 (the "ARTICLES SUPPLEMENTARY"), the Fund hereby notifies the Liquidity Provider, the Remarketing Agent and the Holders of the VRDP Shares that the last day of the Special Rate Period has been extended from June 21, 2017 to June 20, 2018 in accordance with the terms of the Notice of Special Rate Period, dated June 20, 2012 (the "NOTICE OF SPECIAL RATE PERIOD"). The last day of the Special Rate Period shall be June 20, 2018, or such later date as the Special Rate Period may be extended pursuant to the terms of the Notice of Special Rate Period. As of June 21, 2017, the definition of "Ratings Spread" in the Notice of Special Rate Period is hereby deleted in its entirety and replaced with the following: "RATINGS SPREAD" means, with respect to an SRP Calculation Period, the percentage per annum set forth below opposite the highest applicable credit rating assigned to the VRDP Shares, unless the lowest applicable rating is below A3/A-, in which case the Ratings Spread shall mean the percentage per annum set forth below opposite the lowest applicable credit rating assigned to the VRDP Shares by Moody's, Fitch or any Other Rating Agency, in each case rating the VRDP Shares at the request of the Fund, on the SRP Calculation Date for such SRP Calculation Period: -------- * NOTE: Neither the Fund nor the Tender and Paying Agent shall be responsible for the selection or use of the CUSIP Numbers selected, nor is any representation made as to its correctness indicated in any notice or as printed on any VRDP Share certificate. It is included solely as a convenience to Holders of VRDP Shares. 2
MOODY'S/FITCH PERCENTAGE ------------- ---------- Aaa/AAA 0.875% Aa3/AA- to Aa1/AA+ 1.20% A3/A- to A1/A+ 2.00% Baa3/BBB- to Baa1/BBB+ 3.00% Non-investment grade or Unrated 4.00%
Capitalized terms used but not defined in this Amendment to Notice of Special Rate Period shall have the meanings given to such terms in the Articles Supplementary and the Notice of Special Rate Period. [Signature Page Follows] 3 IN WITNESS WHEREOF, I have signed this Amendment to the Notice of Special Rate Period as of the date first written above. BLACKROCK MUNIYIELD CALIFORNIA FUND, INC. By: /s/ Jonathan Diorio ------------------------------ Name: Jonathan Diorio Title: Vice President 4 SCHEDULE 1 ---------- RECIPIENTS OF THIS NOTICE OF SPECIAL RATE PERIOD Citibank, N.A. 390 Greenwich Street, 2nd Floor New York, New York 10013 Attention: MSD Middle Office Manager Telephone: (212) 723-6320 Fax: (212) 723-8642 Email: msdcititob@citi.com Citigroup Global Markets Inc. 390 Greenwich Street New York, New York 10013 Attention: Middle Office Manager Telephone: (212) 723-7124 Fax: (212) 723-8642 Email: msdcititob@citi.com ------------------- The Depository Trust Company LensNotice@dtcc.com -------------------