Harris Stayce D. 4

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.