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Director Kalinoski records MQT (NYSE: MQT) share exchange in BlackRock fund reorganization

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD QUALITY FUND II, INC. director Michael Kalinoski reported an “other” transaction involving 502.8144 common shares on February 23, 2026. This reflects a fund reorganization in which the fund was merged into BlackRock MuniYield Quality Fund, Inc., leaving him with 0 shares of the Target Fund.

In the reorganization, Target Fund shareholders received Acquiring Fund shares equal in value to the Target Fund shares surrendered, based on net asset values as of February 20, 2026. Using a conversion ratio of 0.88115868, Kalinoski received 443 common shares (plus cash for any fractional shares) of the Acquiring Fund in exchange for his 502.8144 Target Fund shares.

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Negative

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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*
KALINOSKI MICHAEL

(Last) (First) (Middle)
50 HUDSON YARDS

(Street)
NEW YORK NY 10001

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BLACKROCK MUNIYIELD QUALITY FUND II, INC. [ MQT ]
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)
02/23/2026
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 02/23/2026 J(1) 502.8144 D $11.0544 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 23, 2026 BlackRock MuniYield Quality Fund II, Inc. (the "Target Fund") was reorganized into BlackRock MuniYield Quality 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 20, 2026, less the costs of the reorganization. As of February 20, 2026, the Target Fund reported a NAV per share of $11.0544 and the Acquiring Fund reported a NAV per share of $12.5453. The conversion ratio for the Target Fund's common shares was 0.88115868. In the reorganization, Michael Kalinoski received 443 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 502.8144 common shares of the Target Fund.
/s/ Gladys Chang as Attorney-in-Fact 02/25/2026
** 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.

FAQ

What insider transaction did MQT director Michael Kalinoski report?

Director Michael Kalinoski reported an “other” transaction involving 502.8144 common shares of BlackRock MuniYield Quality Fund II, Inc. This transaction stems from a reorganization of the fund into BlackRock MuniYield Quality Fund, Inc., rather than a typical open-market buy or sell.

Why did Michael Kalinoski’s MQT share balance go to zero?

His balance went to zero because BlackRock MuniYield Quality Fund II, Inc. was reorganized into BlackRock MuniYield Quality Fund, Inc. In that reorganization, his 502.8144 Target Fund shares were exchanged, leaving no remaining common shares of the Target Fund in his account.

What did MQT shareholders receive in the BlackRock fund reorganization?

Common shareholders of BlackRock MuniYield Quality Fund II, Inc. received common shares of BlackRock MuniYield Quality Fund, Inc. with a value equal to the aggregate NAV of their surrendered Target Fund shares as of February 20, 2026, less reorganization costs, plus cash for fractional shares if applicable.

What conversion ratio applied to MQT shares in the reorganization?

The conversion ratio for BlackRock MuniYield Quality Fund II, Inc. common shares was 0.88115868. This means each Target Fund common share was exchanged for 0.88115868 common shares of BlackRock MuniYield Quality Fund, Inc., based on relative net asset values at the specified valuation date.

How many BlackRock MuniYield Quality Fund, Inc. shares did Kalinoski receive?

Michael Kalinoski received 443 common shares of BlackRock MuniYield Quality Fund, Inc. in the reorganization. These shares were issued in exchange for his 502.8144 common shares of BlackRock MuniYield Quality Fund II, Inc., along with cash for any fractional share amounts.

What net asset values were used to exchange MQT shares?

The exchange used net asset values as of February 20, 2026. BlackRock MuniYield Quality Fund II, Inc. reported a NAV per share of $11.0544, while BlackRock MuniYield Quality Fund, Inc. reported a NAV per share of $12.5453, forming the basis for the conversion ratio.
BlackRock MuniYield Quality II

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