Janey Ahn
About Janey Ahn
Janey Ahn serves as Secretary of BlackRock MuniHoldings California Quality Fund, Inc. (MUC) and related funds, a role she has held since 2012; she is a Managing Director at BlackRock, Inc. since 2018 and was born in 1975 . Officers (other than the Chief Compliance Officer) receive no compensation from the Funds, and officers serve at the pleasure of the Board, indicating her compensation is determined by BlackRock rather than fund-level performance metrics; fund documents do not disclose her education or specific pay-for-performance linkages . She is the designated notice addressee as Secretary for reorganization agreements between BlackRock California Municipal Income Trust (BFZ) and MUC, underscoring an administrative governance remit rather than portfolio decision-making .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock MuniHoldings California Quality Fund, Inc. (MUC) | Secretary | Since 2012 | Corporate secretary and governance administration; specific impact not disclosed in fund filings |
| BlackRock, Inc. | Managing Director | Since 2018 | Not disclosed in fund filings |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| BlackRock, Inc. | Managing Director | Since 2018 | Primary employer setting compensation; details not disclosed at fund level |
| BlackRock California Municipal Income Trust (BFZ) and MUC | Secretary (Reorganization notice addressee) | 2025 | Addressee for official notices under the Agreement and Plan of Reorganization |
| MUC Registration Statement | Attorney-In-Fact (signature authority) | Aug 29, 2025 | Signed as Attorney-In-Fact on N-14 8C/A |
| MUC Articles Supplementary | Secretary (attest) | Sept 25, 2024 | Signed as Secretary attesting corporate filings |
Fixed Compensation
| Component | Fund-Level Disclosure |
|---|---|
| Base Salary ($USD) | $0 (executive officers receive no compensation from the Funds) |
| Target Bonus % | Not applicable at the Fund level |
| Actual Bonus Paid | Not applicable at the Fund level |
| Perquisites | Not disclosed in fund filings |
| Pension/SERP | Not disclosed in fund filings |
| Deferred Compensation | Not disclosed in fund filings |
Note: Compensation for Janey Ahn is set and paid by BlackRock, Inc., not the Fund; no BlackRock-level compensation details are disclosed in MUC fund filings .
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Fund-level annual incentives (RSUs/PSUs/options) | None for executive officers (other than CCO) | N/A | N/A | N/A | N/A |
Equity Ownership & Alignment
| Item | Disclosure |
|---|---|
| Individual beneficial ownership (shares) | Not individually disclosed for Janey Ahn in fund filings |
| Ownership as % of shares outstanding | Executive officers and Board Members as a group owned less than 1% of outstanding shares as of April 30, 2025 |
| Vested vs. unvested shares | Not disclosed in fund filings |
| Options (exercisable/unexercisable) | Not disclosed in fund filings |
| Shares pledged as collateral | Not disclosed in fund filings |
| Stock ownership guidelines | Not disclosed in fund filings |
| Compliance status with ownership guidelines | Not disclosed in fund filings |
Employment Terms
| Term | Details |
|---|---|
| Employment start date (Fund role) | Secretary since 2012 |
| Contract term length/expiration | Officers serve at the pleasure of the Board; no specific term disclosed |
| Auto-renewal clauses | Not disclosed in fund filings |
| Severance provisions | Not disclosed in fund filings |
| Change-of-control provisions | Not disclosed for officers; role designated as notice addressee under reorganization agreements |
| Clawback/tax gross-ups | Not disclosed in fund filings |
| Non-compete/non-solicit/garden leave | Not disclosed in fund filings |
| Post-termination consulting | Not disclosed in fund filings |
| Address | c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001 |
Investment Implications
- Pay-for-performance alignment at the Fund level is minimal for Janey Ahn because executive officers (other than CCO) receive no compensation from the Funds; her compensation is set by BlackRock, and no BlackRock-level metrics or payouts are disclosed, reducing visibility into incentive levers tied to fund TSR or financial performance .
- Insider selling pressure appears limited: executive officers and Board Members collectively owned less than 1% of outstanding shares as of April 30, 2025, and individual holdings for Ahn are not disclosed; this suggests low “skin-in-the-game” at the Fund level but also low risk of insider-driven share supply .
- Retention risk looks contained at the Fund level given her long tenure (Secretary since 2012) and ongoing BlackRock employment; however, retention levers derive from BlackRock’s internal compensation structures, which are not disclosed in Fund filings .
- Trading signals: as a governance/administration role (Secretary) rather than a portfolio management role, changes related to Ahn are unlikely to directly affect investment outcomes; the more relevant catalysts are portfolio management changes, fee structures, and reorganization actions where she is the designated notice addressee, indicating administrative continuity during corporate actions .