JPMorgan exits BlackRock BKN preferred holdings

Accepted by SEC EDGAR 02/26/2026 - 09:44 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

JPMorgan Chase & Co. and DNT Asset Trust report that they no longer beneficially own any Variable Rate Muni Term Preferred Shares of BlackRock Investment Quality Municipal Trust, Inc. The change follows a February 23, 2026 reorganization of the trust into BlackRock MuniYield Quality Fund, Inc. (MQT).

In the reorganization, DNT Asset Trust exchanged 678 preferred shares of the original issuer for an equal number of Series W-7B Variable Rate Demand Preferred Shares of MQT. The amendment updates the Schedule 13D to show 0 shares and 0% of the class owned and confirms all voting and financing arrangements on these preferred shares have been terminated.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does this Schedule 13D/A for BlackRock Investment Quality Municipal Trust (BKN) report?

The amendment reports that JPMorgan Chase & Co. and DNT Asset Trust now beneficially own 0 Variable Rate Muni Term Preferred Shares of BlackRock Investment Quality Municipal Trust, Inc., reflecting structural changes from a February 23, 2026 reorganization into BlackRock MuniYield Quality Fund, Inc. (MQT).

How many BKN preferred shares did DNT Asset Trust exchange in the 2026 reorganization?

DNT Asset Trust exchanged 678 Variable Rate Muni Term Preferred Shares of BlackRock Investment Quality Municipal Trust, Inc. for an equal number of Series W-7B Variable Rate Demand Preferred Shares of BlackRock MuniYield Quality Fund, Inc. (MQT) as part of the February 23, 2026 reorganization transaction.

Who are the reporting persons in this BlackRock Investment Quality Municipal Trust (BKN) Schedule 13D amendment?

The reporting persons are JPMorgan Chase & Co., organized in Delaware, and DNT Asset Trust, also organized in Delaware. This amendment updates their prior Schedule 13D to reflect that they no longer beneficially own Variable Rate Muni Term Preferred Shares of the issuer.

What is the current beneficial ownership reported for BKN preferred shares by JPMorgan and DNT Asset Trust?

Both JPMorgan Chase & Co. and DNT Asset Trust report aggregate beneficial ownership of 0.00 preferred shares, representing 0% of the Variable Rate Muni Term Preferred Shares class, with no sole or shared voting power and no sole or shared dispositive power remaining over these securities.

What happened to voting and financing arrangements related to BKN preferred shares?

All voting and financing arrangements relating to the issuer’s Variable Rate Muni Term Preferred Shares have been terminated. This termination results from the exchange of DNT Asset Trust’s 678 preferred shares during the February 23, 2026 reorganization into BlackRock MuniYield Quality Fund, Inc. (MQT).

When did JPMorgan and DNT Asset Trust cease to be 5% beneficial owners of BKN preferred shares?

They ceased to be beneficial owners of more than five percent of the class on February 23, 2026. That date corresponds to the reorganization where the issuer was reorganized into BlackRock MuniYield Quality Fund, Inc., and the 678 preferred shares were exchanged.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC.

(Name of Issuer)

VARIABLE RATE MUNI TERM PREFERRED SHARES

(Title of Class of Securities)

09247D600

(CUSIP Number)

Michael Lees
JPMorgan Chase & Co., 270 Park Avenue
New York, NY, 10017
(212) 270-6000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/23/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 09247D600

1

Name of reporting person

JPMorgan Chase & Co.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13D

CUSIP No. 09247D600

1

Name of reporting person

DNT Asset Trust

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: VARIABLE RATE MUNI TERM PREFERRED SHARES
(b)	Name of Issuer: BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC.
(c)	Address of Issuer's Principal Executive Offices: 100 Bellevue Parkway, Wilmington, DELAWARE , 19809.
Item 1 Comment: This Amendment No. 1 (this "Amendment") amends, as set forth below, the statement on Schedule 13D, dated December 20, 2023 and filed with the SEC on January 2, 2024 (the "Original Schedule 13D"), for JPMorgan Chase & Co. ("JPMC") and DNT Asset Trust ("DNT Trust") (collectively, the "Reporting Persons") with respect to certain Variable Rate Muni Term Preferred Shares ("Preferred Shares") of BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC. (the "Issuer"). This Amendment is being filed as a result of the reorganization of the Issuer into BlackRock MuniYield Quality Fund, Inc. ("MQT") on February 23, 2026 (the "Reorganization") pursuant to which DNT Trust exchanged its 678 Preferred Shares of the Issuer (CUSIP No. 09247D600) for an equal number of Series W-7B Variable Rate Demand Preferred Shares of MQT.
Item 2.	Identity and Background
(a)	This information is not changed by this Amendment.
(b)	This information is not changed by this Amendment.
(c)	Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule A and Schedule B referenced therein and replacing them with Schedule A and Schedule B included with this Amendment and attached as an Exhibit hereto.
(d)	Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule A and Schedule B referenced therein and replacing them with Schedule A and Schedule B included with this Amendment and attached as an Exhibit hereto.
(e)	Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule A and Schedule B referenced therein and replacing them with Schedule A and Schedule B included with this Amendment and attached as an Exhibit hereto.
(f)	Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule A and Schedule B referenced therein and replacing them with Schedule A and Schedule B included with this Amendment and attached as an Exhibit hereto.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof: "In connection with the Reorganization of the Issuer into MQT, DNT Trust exchanged its 678 Preferred Shares of the Issuer (CUSIP No. 09247D600) for an equal number of Series W-7B Variable Rate Demand Preferred Shares of MQT. As a result of the Reorganization, the Reporting Persons no longer own any Preferred Shares
Item 4.	Purpose of Transaction
	Item 4 of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof: "As a result of the Reorganization, the Reporting Persons no longer own any Preferred Shares of the Issuer."
Item 5.	Interest in Securities of the Issuer
(a)	This information is not changed by this Amendment.
(b)	This information is not changed by this Amendment.
(c)	This information is not changed by this Amendment.
(d)	Item 5(d) of the Original Schedule 13D is hereby amended by deleting paragraph (d) therein and replacing it in its entirety with the following: "(d) Not applicable."
(e)	Item 5(e) of the Original Schedule 13D is hereby amended by deleting paragraph (e) therein and replacing it in its entirety with the following: "(e) On February 23, 2026, as a result of the Reorganization, the Reporting Persons ceased to be the beneficial owner of more than five percent of the class of securities."
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Original Schedule 13D is hereby deleted and replaced in its entirety with the following: "The responses of the Reporting Persons under Item 3 and Item 4 hereof are incorporated herein by reference. All voting arrangements and financing arrangements relating to the Issuer's Preferred Shares have been terminated as a result of the exchange of the Preferred Shares."
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Original Schedule 13D is hereby amended by deleting Exhibit 99.1 thereto and inserting the following exhibits in its place: "Exhibit Description of Exhibit 99.1 Joint Filing Agreement" Item 7 of the Original Schedule 13D is hereby further amended by adding the following Exhibit to the listings of exhibits to be attached to this Schedule 13D: "Exhibit Description of Exhibit 99.5 Amended and Restated Schedule A and Schedule B"

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

JPMorgan Chase & Co.

Signature:	/s/ Michael Lees
Name/Title:	Michael Lees, Executive Director
Date:	02/26/2026

DNT Asset Trust

Signature:	/s/ Tim A. Self
Name/Title:	Tim A. Self, Authorized Officer
Date:	02/26/2026

Comments accompanying signature:

Please note that Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule A and Schedule B referenced therein and replacing them with the amended and restated Schedule A and Schedule B attached to this Amendment.