Maloney Kevin 4
4 · BLACKROCK MUNIHOLDINGS FUND, INC. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
BlackRock MuniHoldings (MHD) Director Kevin Maloney Receives 84 Shares
What Happened
Kevin Maloney, a director of BlackRock MuniHoldings Fund, Inc. (MHD), acquired 84 common shares of MHD as part of a reorganization of BlackRock Municipal Income Quality Trust into BlackRock MuniHoldings Fund on February 9, 2026. The Form 4 reports the transaction as an "other acquisition" (code J) and lists no trade price. The reorganization converted Maloney's 90.3286 shares of the target fund into 84 MHD shares (with cash paid for any fractional share). Using the reported MHD NAV of $12.8419 as of Feb 6, 2026, the 84 shares imply an approximate value of $1,079.
Key Details
- Transaction date: 2026-02-09; Filing date: 2026-02-11 (timely filing).
- Transaction type/code: Other acquisition (J) — reorganization exchange (not an open-market purchase).
- Shares received: 84 MHD common shares; shares surrendered: 90.3286 in the target fund.
- NAVs and conversion: Target Fund NAV $12.0152; MHD NAV $12.8419 (Feb 6, 2026); conversion ratio 0.93562479.
- Price reported: N/A (transaction done via share exchange based on NAV); cash was paid for fractional shares.
- Shares owned after transaction: Not specified in the provided filing.
Context
This was a corporate-action conversion resulting from a fund merger/reorganization — not a discretionary market buy or sell by the insider. Such exchanges reflect pro rata conversion of existing holdings and do not, by themselves, indicate the insider’s view on the stock. Transaction code J is used for "other acquisition/disposition" to capture this kind of non-standard transfer.
Insider Transaction Report
- Other
Common Stock
[F1]2026-02-09+84→ 84 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.