# BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC. — merger/definitive [completed]
Source: SEC API (secapi.ai) · situation sit_1832e45b4ff08d40e770 · retrieved 2026-08-12T21:22:12.187Z

## Overview
BlackRock Investment Quality Municipal Trust, Inc. is a closed-end municipal bond fund that invests in investment-quality municipal securities.

BlackRock Advisors, LLC announced the completion of reorganizations of six closed-end municipal funds into three acquiring funds. BlackRock Long-Term Municipal Advantage Trust (BTA) reorganized into BlackRock MuniAssets Fund, Inc. (MUA); BlackRock MuniVest Fund, Inc. (MVF) and BlackRock MuniVest Fund II, Inc. (MVT) reorganized into BlackRock MuniYield Quality Fund III, Inc. (MYI); and BlackRock MuniYield Fund, Inc. (MYD), BlackRock MuniYield Quality Fund II, Inc. (MQT), and BlackRock Investment Quality Municipal Trust, Inc. (BKN) reorganized into BlackRock MuniYield Quality Fund, Inc. (MQY). Common shareholders of each acquired fund received shares of the survivor fund equal to the aggregate net asset value of their holdings as determined at the close of business on February 20, 2026. The reorganizations were structured as non-taxable events, with preferred shareholders receiving survivor fund preferred shares on a one-for-one basis equal to their liquidation preference.

## Terms
- Counterparty: BlackRock MuniYield Quality Fund, Inc. · Consideration: stock

## Key dates
- Announced 2026-02-23 · Completed 2026-02-23

## Timeline
- 2026-02-23 · 425 (0001193125-26-064385): 425 - BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC. — *BlackRock Investment Quality Municipal Trust, Inc. is a closed-end municipal bond fund that invests in investment-quality municipal securities.* BlackRock Advisors, LLC announced the completion of reorganizations of six closed-end municipal funds into three acquiring funds. BlackRock Long-Term Municipal Advantage Trust (BTA) reorganized into BlackRock MuniAssets Fund, Inc. (MUA); BlackRock MuniVest Fund, Inc. (MVF) and BlackRock MuniVest Fund II, Inc. (MVT) reorganized into BlackRock MuniYield Quality Fund III, Inc. (MYI); and BlackRock MuniYield Fund, Inc. (MYD), BlackRock MuniYield Quality Fund II, Inc. (MQT), and BlackRock Investment Quality Municipal Trust, Inc. (BKN) reorganized into BlackRock MuniYield Quality Fund, Inc. (MQY). Common shareholders of each acquired fund received shares of the survivor fund equal to the aggregate net asset value of their holdings as determined at the close of business on February 20, 2026. The reorganizations were structured as non-taxable events, with preferred shareholders receiving survivor fund preferred shares on a one-for-one basis equal to their liquidation preference.
  https://www.sec.gov/Archives/edgar/data/894242/0001193125-26-064385.txt
- 2026-02-23 · 25-NSE (0000876661-26-000150): 25-NSE
  https://www.sec.gov/Archives/edgar/data/894242/000087666126000150/xslF25X02/primary_doc.xml

## Citations
- 0001193125-26-064385 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526064385
- 0000876661-26-000150 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000087666126000150