JPMorgan (NYSE: JPM) discloses 17.26% VRDP stake in BlackRock MQY

Rhea-AI Filing Summary

JPMorgan Chase & Co. and DNT Asset Trust report beneficial ownership of 1,464 Series W-7B Variable Rate Demand Preferred Shares of BlackRock MuniYield Quality Fund, Inc., representing 17.26% of this preferred share class.

The position arose on February 23, 2026 through a cashless reorganization in which DNT exchanged 786 preferred shares of BlackRock MuniYield Quality Fund II, Inc. and 678 preferred shares of BlackRock Investment Quality Municipal Trust, Inc. for an equal number of VRDP Shares of the issuer, acquired for investment purposes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

BLACKROCK MUNIYIELD QUALITY FUND, INC.

(Name of Issuer)

VARIABLE RATE DEMAND PREFERRED SHARES

(Title of Class of Securities)

Michael Lees
JPMorgan Chase & Co., 270 Park Avenue
New York, NY, 10017
(212) 270-6000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/23/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

JPMorgan Chase & Co.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,464.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,464.00

11

Aggregate amount beneficially owned by each reporting person

1,464.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

17.26 %

14

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

DNT Asset Trust

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,464.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,464.00

11

Aggregate amount beneficially owned by each reporting person

1,464.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

17.26 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: VARIABLE RATE DEMAND PREFERRED SHARES
(b)	Name of Issuer: BLACKROCK MUNIYIELD QUALITY FUND, INC.
(c)	Address of Issuer's Principal Executive Offices: 100 Bellevue Parkway, Wilmington, DELAWARE , 19809.
Item 1 Comment: This Statement on Schedule 13D (this "Statement") relates to the acquisition of 1,464 Series W-7B Variable Rate Demand Preferred Shares (CUSIP No. 09254F886) ("VRDP Shares") of BlackRock MuniYield Quality Fund, Inc. (the "Issuer" or the "Company"). This Statement is being filed 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 Asset Trust ("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. The Issuer's principal executive offices are located at 100 Bellevue Parkway Wilmington, Delaware 19809.
Item 2.	Identity and Background
(a)	This Statement is being filed on behalf of each of the following persons (collectively, the "Reporting Persons"): i. JPMorgan Chase & Co. ("JPMorgan") ii. DNT Asset Trust ("DNT") This Statement relates to the VRDP Shares of the Issuer that were received for the account of DNT in connection with the Reorganization.
(b)	The address of the principal business office of JPMorgan is: 270 Park Avenue, New York, NY, 10017 The address of the principal business office of DNT is: 270 Park Avenue, New York, NY, 10017 JPMorgan is a corporation organized under the laws of the State of Delaware. DNT is a statutory trust governed by the laws of the State of Delaware. JPMorgan and its subsidiaries provide diversified global financial services and products. The principal business of DNT is to make and manage investments related to its capital, including without limitation, its investment in the securities of the Issuer.
(c)	Information with respect to the directors and officers of JPMorgan Chase and the trustees and executive officers of DNT (collectively, the "Related Persons"), including name, business address, present principal occupation or employment and the organization in which such employment is conducted, and citizenship is listed on the attached Schedule A, which is incorporated herein by reference.
(d)	During the last five years, none of the Reporting Persons or Related Persons (i) has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) except as set forth on Schedule B, was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(e)	During the last five years, none of the Reporting Persons or Related Persons (i) has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) except as set forth on Schedule B, was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	See Schedule A included with this Schedule and attached as an Exhibit hereto.
Item 3.	Source and Amount of Funds or Other Consideration
	In connection with the Reorganization of MQT and BKN into the Issuer, DNT's 786 Variable Rate Muni Term Preferred Shares of MQT and 678 Variable Rate MuniFund Term Preferred Shares of BKN were exchanged in a cashless transaction for an equal number of VRDP Shares of the Issuer (CUSIP No. 09254F886).
Item 4.	Purpose of Transaction
	DNT acquired the VRDP Shares for investment purposes. DNT acquired the VRDP Shares directly from the Issuer pursuant to an exchange of shares in a cashless transaction in connection with the Reorganization on February 23, 2026
Item 5.	Interest in Securities of the Issuer
(a)	The responses of the Reporting Persons to Rows (7) through (11) of the cover pages of this Statement are incorporated herein by reference.
(b)	The responses of the Reporting Persons to Rows (7) through (11) of the cover pages of this Statement are incorporated herein by reference.
(c)	The responses of the Reporting Persons in Item 3 and Item 4 are incorporated herein by reference.
(d)	No other person is known by the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, VRDP Shares that may be deemed to be beneficially owned by the Reporting Persons.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit Description of Exhibit 99.1 Joint Filing Agreement 99. 2 Schedule A and Schedule B

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

JPMorgan Chase & Co.

Signature:	/s/ Michael Lees
Name/Title:	Michael Lees, Executive Director
Date:	03/02/2026

DNT Asset Trust

Signature:	/s/ Tim A. Self
Name/Title:	Tim A. Self, Authorized Officer
Date:	03/02/2026

FAQ

What ownership stake in MQY’s VRDP shares does JPMorgan report?

JPMorgan Chase & Co. and DNT Asset Trust report beneficial ownership of 1,464 VRDP Shares of BlackRock MuniYield Quality Fund, Inc. This position represents 17.26% of the outstanding Series W-7B Variable Rate Demand Preferred Shares of the fund, according to the filing.

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

DNT Asset Trust acquired 1,464 VRDP Shares in a cashless exchange tied to a fund reorganization. It received 786 VRDP Shares for MQT preferred shares and 678 VRDP Shares for BKN preferred shares when those BlackRock funds were reorganized into BlackRock MuniYield Quality Fund, Inc. on February 23, 2026.

Which securities of BlackRock MuniYield Quality Fund, Inc. are covered in this filing?

The filing covers Series W-7B Variable Rate Demand Preferred Shares of BlackRock MuniYield Quality Fund, Inc. It specifies 1,464 VRDP Shares with CUSIP 09254F886, representing 17.26% of that preferred share class, held beneficially through JPMorgan Chase & Co. and DNT Asset Trust.

What is the stated purpose of DNT Asset Trust’s MQY VRDP investment?

DNT Asset Trust states it acquired the VRDP Shares for investment purposes. The shares were received directly from the issuer in a cashless exchange as part of the reorganization involving MQT and BKN, rather than through an open-market purchase or separate financing transaction.

Was cash paid to acquire the 1,464 MQY VRDP Shares held by DNT?

No cash was paid; the filing describes the exchange as a cashless transaction. DNT swapped 786 preferred shares of MQT and 678 preferred shares of BKN for an equal number of VRDP Shares of BlackRock MuniYield Quality Fund, Inc. in the reorganization.

Who are the reporting persons in the MQY VRDP ownership statement?

The reporting persons are JPMorgan Chase & Co. and DNT Asset Trust. JPMorgan is a Delaware corporation providing global financial services, while DNT is a Delaware statutory trust whose principal business is making and managing investments, including its holdings in the fund’s VRDP Shares.