MUJ Blackrock MuniHoldings New Jersey Quality Fund Inc.

Blackrock MuniHoldings New Jersey Quality Fund Inc. (MUJ) Company Description

The Fund Seeks to provide shareholders with current income exempt from federal income tax and New Jersey personal income taxes by investing in a portfolio of longterm investment grade municipal obligations the interest on which in the opinion of bond counsel to the issuer is exempt from federal income tax and New Jersey personal income taxes. The Fund seeks to achieve its investment objective by investing primarily in long-term, investment grade municipal obligations exempt from U.S federal income taxes (except that the interest may be subject to the U.S. federal alternative minimum tax) and New Jersey personal income taxes. The municipal obligations in which the Fund primarily invests are either rated investment grade quality, or are considered by the Funds investment adviser to be of comparable quality, at the time of investment. Under normal market conditions, the Fund invests at least 80% of its assets in municipal obligations with remaining maturities of one year or more at the time of investment. The Fund may invest up to 20% of its managed assets in securities that are rated below investment grade, or are considered by the Funds investment adviser to be of comparable quality, at the time of purchase. The Fund may invest directly in securities or synthetically through the use of derivatives.