M&A - BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC.

Form Type: 425

Filing Date: 2025-06-09

Corporate Action: Merger

Type: New

Accession Number: 000119312525137879

Filing Summary: On June 9, 2025, BlackRock Advisors, LLC announced board approvals for a series of reorganizations and mergers among various closed-end funds, including the BlackRock Investment Quality Municipal Trust, Inc. This document highlights significant mergers involving multiple funds, aimed at delivering scale benefits to shareholders. Key reorganizations include the merging of BlackRock Long-Term Municipal Advantage Trust (BTA) into BlackRock MuniAssets Fund, Inc. (MUA), and several funds, including BlackRock Investment Quality Municipal Trust, Inc. (BKN), merging into BlackRock MuniYield Quality Fund, Inc. (MQY). Shareholder meetings are scheduled for October 15, 2025, with the completion of these reorganizations dependent on shareholder approvals and customary closing conditions. The document emphasizes that this press release does not constitute an offer to purchase or sell shares, and further information will be provided in a definitive Proxy Statement and Prospectus, which are yet to be filed with the SEC.

Form Type: DEFA14A

Filing Date: 2025-02-06

Corporate Action: Merger

Type: New

Accession Number: 000119312525021786

Filing Summary: BlackRock Investment Quality Municipal Trust, Inc., along with several other BlackRock closed-end funds, is holding joint special meetings of shareholders to consider and vote on reorganizations. The proposed mergers include the integration of BlackRock Municipal Income Trust II, BlackRock Municipal Income Quality Trust, and BlackRock Municipal Income Trust into BlackRock MuniHoldings Fund, Inc., with MHD continuing as the surviving Fund. Additionally, BlackRock Investment Quality Municipal Trust, Inc. will merge with BlackRock MuniYield Quality Fund II, Inc. and BlackRock MuniYield Fund, Inc. into BlackRock MuniYield Quality Fund, Inc., with MQY as the surviving Fund. Finally, BlackRock Long-Term Municipal Advantage Trust will merge into BlackRock MuniAssets Fund, Inc., continuing with MUA as the surviving Fund. The record date for these meetings is set to be around February 24, 2025. The communication does not seek shareholder proxies but references upcoming Proxy Statements which will be filed with the SEC.

Form Type: 425

Filing Date: 2025-01-21

Corporate Action: Merger

Type: New

Accession Number: 000119312525009600

Filing Summary: On January 21, 2025, BlackRock Advisors, LLC announced the approval of reorganizations for closed-end funds, including BlackRock Investment Quality Municipal Trust, Inc. (BKN). The reorganization involves merging BKN with BlackRock MuniYield Quality Fund, Inc. (MQY), which will continue as the surviving fund. Other funds involved in similar reorganizations are BlackRock Municipal Income Trust II (BLE), BlackRock Municipal Income Quality Trust (BYM), and BlackRock Long-Term Municipal Advantage Trust (BTA). The reorganization aims to provide benefits to shareholders such as reduced expenses, increased income, and improved after-tax yields. Completion of these reorganizations is expected in the third quarter of 2025, pending necessary approvals from shareholders. A proxy statement detailing the plans and additional information will be filed with the SEC prior to the shareholder vote.