BlackRock BYM (NYSE: BYM) director reports share swap in reorg

Rhea-AI Filing Summary

Kevin Maloney, a director of BlackRock Municipal Income Quality Trust (BYM), reported an other transaction involving his common shares. On February 9, 2026, his 90.3286 BYM common shares were exchanged in a reorganization into BlackRock MuniHoldings Fund, Inc., and he received 84 common shares of the acquiring fund based on each fund’s reported NAV as of February 6, 2026.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Maloney Kevin

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	90.3286	$0.00	$0.00

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (1)

1. F1. Effective as of February 9, 2026 BlackRock Municipal Income Quality Trust (the "Target Fund") was reorganized into BlackRock MuniHoldings Fund, Inc. (the "Acquiring Fund"). In the reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on February 6, 2026, less the costs of the reorganization. As of February 6, 2026, the Target Fund reported a NAV per share of $12.0152 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.93562479. In the reorganization, Kevin Maloney received 84 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 90.3286 common shares of the Target Fund.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/11/2026 - 05:50 PM Learn about SEC filing dates

FAQ

What insider transaction did BYM director Kevin Maloney report?

Kevin Maloney reported an other transaction coded "J" on February 9, 2026. His 90.3286 BYM common shares were exchanged for 84 shares of BlackRock MuniHoldings Fund, Inc. as part of a fund reorganization based on each fund’s net asset value.

How many BYM shares did Kevin Maloney exchange in the BYM Form 4 filing?

Kevin Maloney exchanged 90.3286 BYM common shares in the reported transaction. These shares of BlackRock Municipal Income Quality Trust were surrendered and converted into common shares of BlackRock MuniHoldings Fund, Inc. as part of a reorganization effective February 9, 2026.

What did Kevin Maloney receive in the BYM fund reorganization?

In the reorganization, Kevin Maloney received 84 common shares of BlackRock MuniHoldings Fund, Inc. plus cash for any fractional shares. This was in exchange for his 90.3286 common shares of BlackRock Municipal Income Quality Trust, determined using each fund’s reported NAV per share.

How were Kevin Maloney’s BYM shares valued in the share exchange?

The BYM shares were valued using net asset value per share as of February 6, 2026. The Target Fund reported NAV of $12.0152 per share and the Acquiring Fund reported NAV of $12.8419 per share, producing a conversion ratio of 0.93562479 for common shares.

What is the nature of the transaction code "J" in Kevin Maloney’s BYM Form 4?

The filing classifies the event under code "J", described as "Other acquisition or disposition." In this case, it reflects a share exchange caused by a fund reorganization, rather than an open-market purchase or sale of BlackRock Municipal Income Quality Trust shares.

Did Kevin Maloney retain any BYM common shares after the transaction?

After the transaction, the Form 4 shows 0 BYM common shares beneficially owned. His prior 90.3286 BYM shares were exchanged for 84 common shares of BlackRock MuniHoldings Fund, Inc. through the reorganization of BlackRock Municipal Income Quality Trust.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Maloney Kevin

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKROCK MUNICIPAL INCOME QUALITY TRUST [ BYM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/09/2026		J(1)		90.3286	D	(1)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Effective as of February 9, 2026 BlackRock Municipal Income Quality Trust (the "Target Fund") was reorganized into BlackRock MuniHoldings Fund, Inc. (the "Acquiring Fund"). In the reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on February 6, 2026, less the costs of the reorganization. As of February 6, 2026, the Target Fund reported a NAV per share of $12.0152 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.93562479. In the reorganization, Kevin Maloney received 84 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 90.3286 common shares of the Target Fund.

	/s/ Gladys Chang as Attorney-in-Fact	02/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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