Fund mergers give MQY (NYSE: MQY) director 739 new common shares

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD QUALITY FUND, INC. director Christian Romaglino reported an update to his holdings following fund reorganizations. Effective February 23, 2026, two predecessor municipal funds were reorganized into BlackRock MuniYield Quality Fund, Inc.

In these non-cash exchanges, he received 354 common shares of the acquiring fund in exchange for 358.6193 common shares of BlackRock Investment Quality Municipal Trust and 385 common shares in exchange for 418.8136 common shares of BlackRock MuniYield Fund. After these transactions, he directly owned 739 common shares of BlackRock MuniYield Quality Fund, Inc.

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

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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^*

Romaglino Christian

(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)		354	A	(1)	354	D
Common Stock	02/23/2026		J(2)		385	A	(2)	739	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 (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, Christian Romaglino received 354 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 358.6193 common shares of the Target Fund.

2. Effective as of February 23, 2026 BlackRock MuniYield Fund (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, Christian Romaglino received 385 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 418.8136 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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FAQ

What did Christian Romaglino report in this Form 4 for MQY?

Christian Romaglino reported changes to his MQY common stock holdings resulting from fund reorganizations, not open-market trades. He received new MQY shares in exchange for shares of two predecessor BlackRock municipal funds in non-cash transactions.

How many MQY shares does Christian Romaglino own after the transactions?

After the reorganizations, Christian Romaglino directly owns 739 common shares of BlackRock MuniYield Quality Fund, Inc. This total reflects 354 shares received from one predecessor fund and 385 shares received from another in exchange transactions.

Were these MQY transactions buys or sells by Christian Romaglino?

These transactions were classified as code J, described as other acquisitions or dispositions, rather than standard buys or sells. Romaglino’s new MQY shares came from automatic conversions in fund reorganizations, with a reported price per share of $0.0000.

Which funds were reorganized into BlackRock MuniYield Quality Fund, Inc. (MQY)?

BlackRock Investment Quality Municipal Trust and BlackRock MuniYield Fund were each reorganized into BlackRock MuniYield Quality Fund, Inc. Common shareholders of the target funds received MQY shares based on net asset value and a specified conversion ratio for each fund.

What conversion ratios were used in the MQY fund reorganizations?

For BlackRock Investment Quality Municipal Trust, the conversion ratio was 0.98736579 common shares of MQY per target share. For BlackRock MuniYield Fund, the conversion ratio was 0.92029684, with both ratios based on reported NAVs as of February 20, 2026.

Did Christian Romaglino receive cash in these MQY-related transactions?

The Form 4 notes that Christian Romaglino received common shares of MQY and cash for fractional shares, if any. The primary consideration was MQY common stock issued in exchange for his existing holdings in the two reorganized BlackRock municipal funds.