BlackRock MQY director reports reorg share conversions
BLACKROCK MUNIYIELD QUALITY FUND, INC. reported an insider Form 4 for director Stayce D. Harris tied to fund reorganizations, not open‑market trading.
Rhea-AI Filing Summary
BLACKROCK MUNIYIELD QUALITY FUND, INC. reported an insider Form 4 for director Stayce D. Harris tied to fund reorganizations, not open‑market trading. On February 23, 2026, three predecessor BlackRock municipal funds were reorganized into this fund.
In these reorganizations, Harris received 10, 9, and 9 common shares, each at a stated price of $0.0000 per share, reflecting exchanges for prior holdings of the target funds based on their net asset values and conversion ratios. After these transactions, her directly owned common stock position increased to 38.7830 shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 10 | $0.00 | $0.00 |
| Other | Common Stock | 9 | $0.00 | $0.00 |
| Other | Common Stock | 9 | $0.00 | $0.00 |
Footnotes (3)
- F1. Effective as of February 23, 2026 BlackRock Investment Quality Municipal Trust (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 $12.3868 and the Acquiring Fund reported a NAV per share of 12.5453. The conversion ratio for the Target Fund's common shares was 0.98736579. 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 10.7893 common shares of the Target Fund.
- F2. 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, Stayce D. Harris received 9 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 10.798 common shares of the Target Fund.
- F3. Effective as of February 23, 2026 BlackRock MuniYield Fund, 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 $11.5454 and the Acquiring Fund reported a NAV per share of $12.5453. The conversion ratio for the Target Fund's common shares was 0.92029684. In the reorganization, Stayce D. Harris received 9 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 10.8107 common shares of the Target Fund.
FAQ
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What insider activity did BLACKROCK MUNIYIELD QUALITY FUND, INC. (MQY) report for Stayce D. Harris?
Were the MQY insider transactions for Stayce D. Harris classified as buys or sells?
Which funds were reorganized into BLACKROCK MUNIYIELD QUALITY FUND, INC. affecting Stayce D. Harris?
On what date were the BlackRock municipal fund reorganizations into MQY effective?
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