BlackRock Municipal Income Quality Trust (BYM) director logs share swap in fund reorganization

Q: What conversion ratio was used for BYM common shares in this reorganization?

The conversion ratio for BYM common shares was 0.93562479. This ratio was based on the February 6, 2026 net asset values of both funds and determined how many acquiring fund shares each BlackRock Municipal Income Quality Trust shareholder received in the transaction.

Q: What net asset values were used to convert BYM shares in this Form 4 event?

The NAVs used were measured as of February 6, 2026. BlackRock Municipal Income Quality Trust reported a NAV per share of $12.0152, while BlackRock MuniHoldings Fund, Inc. reported a NAV per share of $12.8419, which together led to the disclosed conversion ratio.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BlackRock Municipal Income Quality Trust director Stayce D. Harris reported an “other” share transaction tied to a fund reorganization. On February 9, 2026, BlackRock Municipal Income Quality Trust was reorganized into BlackRock MuniHoldings Fund, Inc.

In the reorganization, Harris exchanged 10.7409 common shares of the Target Fund for 10 common shares of the Acquiring Fund, plus cash for any fractional shares. As a result, she now holds 0 shares of BlackRock Municipal Income Quality Trust directly, with her ownership continuing in the successor fund.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Harris Stayce D.

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	10.7409	$0.00	$0.00

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

Footnotes (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, Stayce D. Harris received 10 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 10.7409 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 - 05:54 PM

FAQ

What did BYM director Stayce D. Harris report in this Form 4?

Harris reported an “other” transaction related to a fund reorganization. She exchanged 10.7409 BlackRock Municipal Income Quality Trust common shares for 10 BlackRock MuniHoldings Fund, Inc. shares, plus cash for any fractional shares, and now holds no shares in the original BYM fund.

Why did BlackRock Municipal Income Quality Trust (BYM) shares convert in this filing?

The conversion occurred because BYM was reorganized into another fund. Effective February 9, 2026, BlackRock Municipal Income Quality Trust was reorganized into BlackRock MuniHoldings Fund, Inc., and shareholders received new shares in the acquiring fund based on each fund’s net asset value.

How many BYM shares did Stayce D. Harris exchange and what did she receive?

Harris exchanged 10.7409 BYM common shares in the reorganization. In return, she received 10 common shares of BlackRock MuniHoldings Fund, Inc., plus cash for any fractional share amount owed under the disclosed conversion terms and ratio.

What conversion ratio was used for BYM common shares in this reorganization?

The conversion ratio for BYM common shares was 0.93562479. This ratio was based on the February 6, 2026 net asset values of both funds and determined how many acquiring fund shares each BlackRock Municipal Income Quality Trust shareholder received in the transaction.

What net asset values were used to convert BYM shares in this Form 4 event?

The NAVs used were measured as of February 6, 2026. BlackRock Municipal Income Quality Trust reported a NAV per share of $12.0152, while BlackRock MuniHoldings Fund, Inc. reported a NAV per share of $12.8419, which together led to the disclosed conversion ratio.

Does Stayce D. Harris still own BlackRock Municipal Income Quality Trust (BYM) shares?

After the reorganization, Harris owns zero BYM shares directly. Her 10.7409 BYM shares converted into 10 shares of BlackRock MuniHoldings Fund, Inc., so her economic exposure continues through the acquiring fund rather than the original BYM entity.

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^*

Harris Stayce D.

(Last)

(First)

(Middle)

50 HUDSON YARDS

(Street)

NEW YORK

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/09/2026		J⁽¹⁾		10.7409	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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, Stayce D. Harris received 10 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 10.7409 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR