JPMorgan exits BlackRock Municipal Income Quality Trust (NYSE: BYM) stake

Rhea-AI Filing Summary

JPMorgan Chase & Co. and DNT Asset Trust have fully exited their position in BlackRock Municipal Income Quality Trust’s Variable Rate Muni Term Preferred Shares. In a Schedule 13D amendment, they report beneficial ownership of 0 shares and 0% of this preferred class.

The change follows a February 9, 2026 reorganization in which DNT Asset Trust exchanged 976 VRDP Shares of BlackRock Municipal Income Quality Trust (CUSIP 092479609) for 976 Variable Rate Muni Term Preferred Shares of BlackRock MuniHoldings Fund, Inc. (CUSIP 09253N609). All voting and financing arrangements related to the issuer’s preferred shares have been terminated, and the reporting persons state they ceased to be beneficial owners of more than five percent of this security class as of that date.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

BLACKROCK MUNICIPAL INCOME QUALITY TRUST

(Name of Issuer)

VARIABLE RATE MUNI TERM PREFERRED SHARES

(Title of Class of Securities)

092479609

(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)

02/09/2026

(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. 092479609

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. 092479609

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 MUNICIPAL INCOME QUALITY TRUST
(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 MUNICIPAL INCOME QUALITY TRUST (the "Issuer"). This Amendment is being filed as a result of the reorganization of the Issuer into BlackRock MuniHoldings Fund, Inc. ("MHD") on February 9, 2026 (the "Reorganization") pursuant to which DNT Trust exchanged its 976 VRDP Shares of the Issuer (CUSIP No. 092479609) for an equal number of Variable Rate Muni Term Preferred Shares of MHD (CUSIP No. 09253N609).
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 MHD, DNT Trust exchanged its 976 VRDP Shares of the Issuer (CUSIP No. 092479609) for an equal number of Variable Rate Muni Term Preferred Shares of MHD (CUSIP No. 09253N609). As a result of the Reorganization, the Reporting Persons no longer own any VRDP Shares of the Issuer."
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 9, 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.

FAQ

What does this Schedule 13D/A amendment say about JPMorgan’s BYM preferred holdings?

The amendment states JPMorgan Chase & Co. and DNT Asset Trust now beneficially own 0 Variable Rate Muni Term Preferred Shares of BlackRock Municipal Income Quality Trust, representing 0% of that class, after their position was exchanged into preferred shares of BlackRock MuniHoldings Fund, Inc.

Why did JPMorgan and DNT Asset Trust reduce their BYM preferred holdings to zero?

Their holdings went to zero due to a reorganization of BlackRock Municipal Income Quality Trust into BlackRock MuniHoldings Fund, Inc. On February 9, 2026, DNT Asset Trust exchanged 976 VRDP Shares of the original issuer for an equal number of preferred shares of the new fund.

How many BYM Variable Rate Muni Term Preferred Shares were exchanged in the reorganization?

DNT Asset Trust exchanged 976 Variable Rate Demand Preferred (VRDP) Shares of BlackRock Municipal Income Quality Trust, with CUSIP 092479609, for 976 Variable Rate Muni Term Preferred Shares of BlackRock MuniHoldings Fund, Inc., with CUSIP 09253N609, as part of the reorganization.

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

They ceased to be beneficial owners of more than five percent of the preferred share class on February 9, 2026. That date corresponds to completion of the reorganization and the exchange of 976 VRDP Shares into an equal number of preferred shares of BlackRock MuniHoldings Fund, Inc.

What happened to voting and financing arrangements on BYM preferred shares?

All voting and financing arrangements related to BlackRock Municipal Income Quality Trust’s preferred shares have been terminated. This termination occurred as a result of the exchange of the preferred shares into equivalent preferred shares of BlackRock MuniHoldings Fund, Inc. during the February 9, 2026 reorganization.

Does JPMorgan still have any relationship disclosed regarding BYM preferred securities?

According to the amendment, JPMorgan Chase & Co. and DNT Asset Trust report aggregate beneficial ownership of 0 preferred shares and 0% of the class. They indicate all voting and financing arrangements tied to the issuer’s preferred shares have ended following the exchange into BlackRock MuniHoldings Fund, Inc. shares.