Harris Stayce D. 4
4 · BLACKROCK MUNICIPAL INCOME QUALITY TRUST · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
BYM Director Stayce D. Harris Exchanges 10.74 Shares in Reorg
What Happened
Stayce D. Harris, a director of BlackRock Municipal Income Quality Trust (BYM), had 10.7409 BYM common shares converted as part of a fund reorganization effective Feb 9, 2026. The transaction is reported as an "Other acquisition or disposition" (code J) and shows 10.7409 BYM shares disposed; in the reorganization she received 10 shares of the acquiring fund, BlackRock MuniHoldings Fund, Inc., plus cash for any fractional share. NAVs used in the conversion (as of Feb 6, 2026) were $12.0152 for BYM and $12.8419 for the acquiring fund; the conversion ratio was 0.93562479.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (timely filing).
- Reported as code J (other acquisition/disposition) — a reorganization exchange, not an open-market sale.
- Shares disposed: 10.7409 BYM common shares; shares received: 10 common shares of BlackRock MuniHoldings Fund, Inc. (plus cash for any fractional share).
- NAVs and conversion: BYM NAV $12.0152; Acquiring Fund NAV $12.8419; conversion ratio 0.93562479.
- Reported price: N/A (conversion based on NAVs; not a market trade).
Context
This was a routine fund reorganization converting BYM shares into shares of the acquiring fund; it is not a market sale or purchase and does not, by itself, indicate insider sentiment about the funds. The monetary size of the conversion is small (roughly $120–$130 based on NAVs) and appears administrative in nature.
Insider Transaction Report
- Other
Common Stock
[F1]2026-02-09−10.741→ 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, Stayce D. Harris received 10 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 10.7409 common shares of the Target Fund.