JPMorgan unit shows MQY VRDP stake after fund merger (NYSE: MQY)

Rhea-AI Filing Summary

DNT Asset Trust, a subsidiary of JPMorgan Chase & Co., reported beneficial ownership of 1,464 Series W-7B Variable Rate Demand Preferred Shares of BlackRock MuniYield Quality Fund, Inc. These preferred shares are held indirectly, with JPMorgan’s interest arising through its ownership of DNT.

The 1,464 VRDP Shares were received on February 23, 2026 as part of the reorganization of BlackRock MuniYield Quality Fund II, Inc. and BlackRock Investment Quality Municipal Trust, Inc. into the fund. DNT received 786 VRDP Shares in exchange for an equal number of preferred shares of MQT and 678 VRDP Shares for an equal number of preferred shares of BKN.

The filing is a joint statement by JPMorgan Chase & Co. and DNT Asset Trust and includes a disclaimer that the reporting persons are not admitting they are part of any group with respect to the fund or its securities.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

JPMORGAN CHASE & CO

(Last) (First) (Middle)

270 PARK AVENUE

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/23/2026

3. Issuer Name and Ticker or Trading Symbol
BLACKROCK MUNIYIELD QUALITY FUND, INC. [ MQY ]

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Series W-7B Variable Rate Demand Preferred Shares	1,464(1)	I(2)	By Subsidiary(2)(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

JPMORGAN CHASE & CO

(Last) (First) (Middle)

270 PARK AVENUE

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

DNT Asset Trust

(Last) (First) (Middle)

270 PARK AVENUE

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The 1,464 Variable Rate Demand Preferred Shares, Series W-7B ("VRDP Shares") reported as acquired in Table I represent VRDP Shares of the Issuer beneficially owned by DNT Asset Trust ("DNT"). The VRDP Shares were acquired as a result of the reorganization of BlackRock MuniYield Quality Fund II, Inc. ("MQT") and BlackRock Investment Quality Municipal Trust, Inc. ("BKN") into the Issuer on February 23, 2026 (the "Reorganization") pursuant to which DNT received (i) 786 VRDP Shares of the Issuer in exchange for an equal number of Variable Rate Muni Term Preferred Shares of MQT held by DNT and (ii) 678 VRDP Shares of the Issuer in exchange for an equal number of Variable Rate Muni Term Preferred Shares of BKN held by DNT. DNT is a wholly owned subsidiary of JPMorgan Chase & Co. ("JPMC&C").

2. This statement is jointly filed by JPMC&C and DNT. JPMC&C holds an indirect interest in the securities listed in Table I (the "Securities") by virtue of its indirect ownership of its subsidiary DNT.

3. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.

	JPMORGAN CHASE & CO., /s/ Michael Lees, Executive Director	03/02/2026
	DNT ASSET TRUST, /s/ Tim A. Self, Authorized Officer	03/02/2026
	** Signature of Reporting Person	Date
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FAQ

What insider position did JPMorgan report in BLACKROCK MUNIYIELD QUALITY FUND, INC. (MQY)?

JPMorgan, through subsidiary DNT Asset Trust, reported indirect beneficial ownership of 1,464 Series W-7B Variable Rate Demand Preferred Shares. These VRDP Shares represent a significant preferred stake held via DNT rather than directly by JPMorgan Chase & Co.

How did DNT Asset Trust acquire the 1,464 VRDP Shares of MQY?

DNT Asset Trust received 1,464 VRDP Shares through a fund reorganization completed on February 23, 2026. It exchanged 786 preferred shares of MQT and 678 preferred shares of BKN for an equal number of VRDP Shares in BlackRock MuniYield Quality Fund, Inc.

Which entities were involved in the MQY reorganization affecting DNT Asset Trust’s holdings?

The reorganization combined BlackRock MuniYield Quality Fund II, Inc. (MQT) and BlackRock Investment Quality Municipal Trust, Inc. (BKN) into BlackRock MuniYield Quality Fund, Inc. DNT Asset Trust exchanged preferred shares of MQT and BKN for VRDP Shares of the surviving fund.

What is the relationship between DNT Asset Trust and JPMorgan Chase & Co. in the MQY filing?

DNT Asset Trust is a wholly owned subsidiary of JPMorgan Chase & Co., giving JPMorgan an indirect interest in the VRDP Shares. The Form 3 is jointly filed, reflecting JPMorgan’s indirect beneficial ownership through DNT’s holdings.

Do JPMorgan Chase & Co. and DNT Asset Trust claim to be part of a group regarding MQY securities?

The reporting persons explicitly state that the filing should not be viewed as an admission they act as a group. They disclaim being part of any group regarding BlackRock MuniYield Quality Fund, Inc. or its securities under Section 13(d).

What class of securities is reported in the MQY Form 3 by DNT Asset Trust?

The Form 3 reports Series W-7B Variable Rate Demand Preferred Shares of BlackRock MuniYield Quality Fund, Inc. These VRDP Shares are a preferred share class, with 1,464 shares shown as beneficially owned indirectly through DNT Asset Trust.