Maloney Kevin 4

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.