M&A - BLACKROCK MUNICIPAL INCOME QUALITY TRUST

Form Type: 425

Filing Date: 2025-01-21

Corporate Action: Merger

Type: New

Accession Number: 000119312525009620

Filing Summary: On January 21, 2025, BlackRock Advisors, LLC announced the approval of several closed-end fund reorganizations by the Boards of Directors/Trustees of multiple funds including BlackRock Municipal Income Quality Trust (NYSE: BYM). The reorganizations involve combining BlackRock Municipal Income Trust II, BlackRock Municipal Income Quality Trust, and BlackRock Municipal Income Trust into BlackRock MuniHoldings Fund, Inc. (NYSE: MHD) with MHD as the surviving fund. Other reorganizations include the merger of BlackRock Investment Quality Municipal Trust, BlackRock MuniYield Quality Fund II, and BlackRock MuniYield Fund into BlackRock MuniYield Quality Fund (NYSE: MQY), and the combination of BlackRock Long-Term Municipal Advantage Trust with BlackRock MuniAssets Fund (NYSE: MUA), with MUA continuing as the surviving entity. The reorganization aims to provide benefits such as lower expenses and improved income for shareholders, and is expected to be completed in the third quarter of 2025, pending necessary approvals. A Proxy Statement/Prospectus will be filed with the SEC to inform shareholders of the details of the reorganizations.