Reorganization grants BlackRock MuniYield (NYSE: MQY) director 1,779 shares

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD QUALITY FUND, INC. director Catherine A. Lynch reported an internal share conversion tied to a fund reorganization, not an open-market trade. On February 23, 2026, BlackRock Investment Quality Municipal Trust, Inc. was reorganized into this fund.

In the transaction, she received 1,779 common shares of BlackRock MuniYield Quality Fund in exchange for 1,802 common shares of the prior fund, plus cash for any fractional shares. The exchange was based on net asset values as of February 20, 2026, with the Target Fund at $12.3868 NAV per share and the Acquiring Fund at $12.5453 NAV per share, using a 0.98736579 conversion ratio. The Form 4 classifies this as an "other" type of acquisition/disposition, reflecting the restructuring mechanics rather than a discretionary buy or sell.

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^*

Lynch Catherine A.

(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)		1,779	A	(1)	1,779	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, Catherine Lynch received 1779 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 1802 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.
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FAQ

What insider transaction did MQY director Catherine Lynch report on this Form 4?

Catherine Lynch reported an "other" transaction reflecting a fund reorganization, not an open-market trade. Her prior fund shares were exchanged into BlackRock MuniYield Quality Fund shares as part of merging BlackRock Investment Quality Municipal Trust into the acquiring fund.

How many MQY shares did Catherine Lynch receive in the reorganization?

She received 1,779 common shares of BlackRock MuniYield Quality Fund. These replaced 1,802 common shares she previously held in BlackRock Investment Quality Municipal Trust, plus cash for any fractional shares created by the conversion ratio in the reorganization.

What were the NAVs used to convert Catherine Lynch’s shares into MQY shares?

The conversion used the February 20, 2026 net asset values. The Target Fund reported a NAV of $12.3868 per share, while BlackRock MuniYield Quality Fund reported a NAV of $12.5453 per share, forming the basis for the share conversion and resulting exchange ratio.

What was the conversion ratio applied to Catherine Lynch’s Target Fund shares?

The reorganization applied a conversion ratio of 0.98736579 to the Target Fund’s common shares. This ratio translated her 1,802 Target Fund shares into 1,779 BlackRock MuniYield Quality Fund shares, with any remaining fractional share value settled in cash if applicable.

Did Catherine Lynch buy or sell MQY shares for cash in this Form 4 filing?

No, the transaction is classified as an "other" acquisition or disposition. Her position changed because of the fund reorganization, where Target Fund shares converted into BlackRock MuniYield Quality Fund shares, rather than through a cash purchase or sale in the open market.

What structural change between funds led to Catherine Lynch receiving MQY shares?

BlackRock Investment Quality Municipal Trust, Inc. was reorganized into BlackRock MuniYield Quality Fund, Inc. As a common shareholder of the Target Fund, Lynch received new MQY common shares equal in value to her surrendered Target Fund shares, less the costs of the reorganization.