BlackRock MQY director gets 328.7928 shares in reorg

BLACKROCK MUNIYIELD QUALITY FUND, INC. director Glenn Hubbard reported an administrative share conversion related to a fund reorganization, not an open-market trade.

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD QUALITY FUND, INC. director Glenn Hubbard reported an administrative share conversion related to a fund reorganization, not an open-market trade. On the effective date of the reorganization, he received 328.7928 common shares of the Acquiring Fund in exchange for 333.00 common shares of BlackRock Investment Quality Municipal Trust, Inc.

The exchange was based on each fund’s reported net asset value and a stated conversion ratio, resulting in a non-cash, value-for-value swap of holdings rather than a purchase or sale at a market price.

Insider Trade Summary

Other: 328.7928 shares

Other 1 txn

Insider HUBBARD ROBERT GLENN

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	328.7928	$0.00	$0.00

Holdings After Transaction: Common Stock — 328.7928 shares (Direct)

Footnotes (1)

1. F1. Effective as of February 23, 2026 BlackRock Investment Quality Municipal Trust, 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 $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, Glenn Hubbard received 328.79281 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 333.00 common shares of the Target Fund.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MQY director Glenn Hubbard report?

Glenn Hubbard reported receiving 328.7928 MQY common shares in a fund reorganization. These shares were issued in exchange for 333.00 shares of BlackRock Investment Quality Municipal Trust, Inc., reflecting a value-for-value conversion rather than an open-market purchase or sale.

Was Glenn Hubbard’s MQY transaction a buy or sell of shares?

The MQY transaction was neither a traditional buy nor a sell. Hubbard’s 328.7928 MQY shares were received through a reorganization, exchanging his 333.00 shares of the predecessor fund based on net asset values and a preset conversion ratio.

How many MQY shares did Glenn Hubbard own after the reorganization?

After the reorganization, Glenn Hubbard directly held 328.7928 common shares of BlackRock MuniYield Quality Fund, Inc. This position resulted from converting his previous 333.00 shares of BlackRock Investment Quality Municipal Trust, Inc. into MQY shares using the disclosed conversion terms.

What funds were involved in the MQY reorganization affecting Hubbard?

The reorganization combined BlackRock Investment Quality Municipal Trust, Inc. into BlackRock MuniYield Quality Fund, Inc. As part of this process, common shareholders, including Glenn Hubbard, received MQY shares in exchange for their prior holdings in the Investment Quality Municipal Trust fund.

How was the number of MQY shares for Glenn Hubbard calculated?

The MQY shares for Glenn Hubbard were calculated using each fund’s reported net asset value and a conversion ratio. His 333.00 shares of the Target Fund were exchanged into 328.7928 MQY shares under a stated ratio designed to preserve the aggregate net asset value, minus reorganization costs.

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Accepted by SEC EDGAR 02/25/2026 - 08:32 PM Learn about SEC filing dates

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^*

HUBBARD ROBERT GLENN

(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, INC. [ MQY ]

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)		328.7928	A	(1)	328.7928	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 Investment Quality Municipal Trust, 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 $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, Glenn Hubbard received 328.79281 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 333.00 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).
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