SEC Form SCHEDULE 13D filed by Blackrock MuniYield Quality Fund Inc.
$MQY
Investment Bankers/Brokers/Service
Finance
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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BLACKROCK MUNIYIELD QUALITY FUND, INC. (Name of Issuer) |
VARIABLE RATE DEMAND PREFERRED SHARES (Title of Class of Securities) |
Michael Lees
JPMorgan Chase & Co., 270 Park Avenue
New York, NY, 10017
(212) 270-6000
JPMorgan Chase & Co., 270 Park Avenue
New York, NY, 10017
(212) 270-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
02/23/2026
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP Number(s): |
| 1 |
Name of reporting person
JPMorgan Chase & Co. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
 | ||||||||
| 6 | Citizenship or place of organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
1,464.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
17.26 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
HC, CO |
SCHEDULE 13D
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| CUSIP Number(s): |
| 1 |
Name of reporting person
DNT Asset Trust | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
1,464.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
17.26 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
VARIABLE RATE DEMAND PREFERRED SHARES | |
| (b) | Name of Issuer:
BLACKROCK MUNIYIELD QUALITY FUND, INC. | |
| (c) | Address of Issuer's Principal Executive Offices:
100 Bellevue Parkway, Wilmington,
DELAWARE
, 19809. | |
Item 1 Comment:
This Statement on Schedule 13D (this "Statement") relates to the acquisition of 1,464 Series W-7B Variable Rate Demand Preferred Shares (CUSIP No. 09254F886) ("VRDP Shares") of BlackRock MuniYield Quality Fund, Inc. (the "Issuer" or the "Company"). This Statement is being filed as a result of the reorganization of BlackRock MuniYield Quality Fund II, Inc. ("MQT") and BlackRock Investment Quality Municipal Trust, Inc. ("BKN") into the Issuer on February 23, 2026 (the "Reorganization") pursuant to which DNT Asset Trust ("DNT") received (i) 786 VRDP Shares of the Issuer in exchange for an equal number of Variable Rate Muni Term Preferred Shares of MQT held by DNT and (ii) 678 VRDP Shares of the Issuer in exchange for an equal number of Variable Rate Muni Term Preferred Shares of BKN held by DNT. The Issuer's principal executive offices are located at 100 Bellevue Parkway Wilmington, Delaware 19809. | ||
| Item 2. | Identity and Background | |
| (a) | This Statement is being filed on behalf of each of the following persons (collectively, the "Reporting Persons"):
i. JPMorgan Chase & Co. ("JPMorgan")
ii. DNT Asset Trust ("DNT")
This Statement relates to the VRDP Shares of the Issuer that were received for the account of DNT in connection with the Reorganization. | |
| (b) | The address of the principal business office of JPMorgan is:
270 Park Avenue,
New York, NY, 10017
The address of the principal business office of DNT is:
270 Park Avenue,
New York, NY, 10017
JPMorgan is a corporation organized under the laws of the State of Delaware. DNT is a statutory trust governed by the laws of the State of Delaware.
JPMorgan and its subsidiaries provide diversified global financial services and products. The principal business of DNT is to make and manage investments related to its capital, including without limitation, its investment in the securities of the Issuer. | |
| (c) | Information with respect to the directors and officers of JPMorgan Chase and the trustees and executive officers of DNT (collectively, the "Related Persons"), including name, business address, present principal occupation or employment and the organization in which such employment is conducted, and citizenship is listed on the attached Schedule A, which is incorporated herein by reference. | |
| (d) | During the last five years, none of the Reporting Persons or Related Persons (i) has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) except as set forth on Schedule B, was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. | |
| (e) | During the last five years, none of the Reporting Persons or Related Persons (i) has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) except as set forth on Schedule B, was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. | |
| (f) | See Schedule A included with this Schedule and attached as an Exhibit hereto. | |
| Item 3. | Source and Amount of Funds or Other Consideration | |
In connection with the Reorganization of MQT and BKN into the Issuer, DNT's 786 Variable Rate Muni Term Preferred Shares of MQT and 678 Variable Rate MuniFund Term Preferred Shares of BKN were exchanged in a cashless transaction for an equal number of VRDP Shares of the Issuer (CUSIP No. 09254F886). | ||
| Item 4. | Purpose of Transaction | |
DNT acquired the VRDP Shares for investment purposes. DNT acquired the VRDP Shares directly from the Issuer pursuant to an exchange of shares in a cashless transaction in connection with the Reorganization on February 23, 2026 | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | The responses of the Reporting Persons to Rows (7) through (11) of the cover pages of this Statement are incorporated herein by reference. | |
| (b) | The responses of the Reporting Persons to Rows (7) through (11) of the cover pages of this Statement are incorporated herein by reference. | |
| (c) | The responses of the Reporting Persons in Item 3 and Item 4 are incorporated herein by reference. | |
| (d) | No other person is known by the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, VRDP Shares that may be deemed to be beneficially owned by the Reporting Persons. | |
| (e) | Not applicable. | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
Not applicable. | ||
| Item 7. | Material to be Filed as Exhibits. | |
Exhibit Description of Exhibit
99.1 Joint Filing Agreement
99. 2 Schedule A and Schedule B | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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