Maloney Kevin 4
4 · BLACKROCK MUNICIPAL INCOME QUALITY TRUST · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
BYM Director Kevin Maloney Disposes 90.33 Shares in Reorg
What Happened
Kevin Maloney, a director of BlackRock Municipal Income Quality Trust (BYM), had 90.3286 BYM common shares converted and disposed as part of a fund reorganization on February 9, 2026. In the reorganization into BlackRock MuniHoldings Fund, Inc., Maloney received 84 common shares of the acquiring fund (cash paid for any fractional share). No open-market sale occurred; this was an in-kind conversion/disposition tied to the merger.
Key Details
- Transaction date: February 9, 2026 (Form 4 filed Feb 11, 2026). Filing appears timely.
- Transaction code: “J” — other acquisition/disposition related to the reorganization.
- Shares surrendered: 90.3286 BYM common shares (reported as 90.329).
- Shares received: 84 common shares of BlackRock MuniHoldings Fund, Inc.; fractional shares paid in cash.
- NAVs and conversion: BYM NAV $12.0152 (as of Feb 6, 2026); Acquiring Fund NAV $12.8419; conversion ratio 0.93562479.
- Shares owned after transaction: 84 shares of the acquiring fund (per footnote).
- No price per share or cash sale was reported — this was an exchange under the reorganization, not a market trade.
Context
This is a corporate action (fund reorganization) rather than a discretionary buy or sell by the insider. Such conversions swap holdings in the target fund for shares in the acquiring fund (plus cash for fractions) and do not by themselves indicate an insider view on future performance.
Insider Transaction Report
- Other
Common Stock
[F1]2026-02-09−90.329→ 0 total
Footnotes (1)
- [F1]Effective as of February 9, 2026 BlackRock Municipal Income Quality Trust (the "Target Fund") was reorganized into BlackRock MuniHoldings 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 6, 2026, less the costs of the reorganization. As of February 6, 2026, the Target Fund reported a NAV per share of $12.0152 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.93562479. In the reorganization, Kevin Maloney received 84 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 90.3286 common shares of the Target Fund.