0001193125-24-056010.txt : 20240301 0001193125-24-056010.hdr.sgml : 20240301 20240301162103 ACCESSION NUMBER: 0001193125-24-056010 CONFORMED SUBMISSION TYPE: N-23C-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240301 FILED AS OF DATE: 20240301 DATE AS OF CHANGE: 20240301 EFFECTIVENESS DATE: 20240301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK MUNICIPAL INCOME QUALITY TRUST CENTRAL INDEX KEY: 0001181187 ORGANIZATION NAME: IRS NUMBER: 000000000 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-23C-2 SEC ACT: 1940 Act SEC FILE NUMBER: 817-01024 FILM NUMBER: 24710136 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK INSURED MUNICIPAL INCOME TRUST DATE OF NAME CHANGE: 20020904 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK MUNICIPAL INCOME TRUST III DATE OF NAME CHANGE: 20020819 N-23C-2 1 d701486dn23c2.htm BLACKROCK MUNICIPAL INCOME QUALITY TRUST [BYM] BlackRock Municipal Income Quality Trust [BYM]

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT TO

RULE 23c-2 UNDER THE INVESTMENT COMPANY ACT OF 1940

Investment Company Act File No. 811-21178

 

 

BLACKROCK MUNICIPAL INCOME QUALITY TRUST

(Name of Registrant)

 

 

100 Bellevue Parkway

Wilmington, Delaware 19809

(Address of Principal Executive Offices)

Registrant’s Telephone Number, including Area Code: (800) 441-7762

 

 

The undersigned registered closed-end investment company hereby notifies the Securities and Exchange Commission (the “Commission”) that it may redeem securities of which it is the issuer, as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940 (the “Act”), and states that it is filing this notice with the Commission at least 30 days prior to the date set for the redemption.

 

(1)

Title of the class of securities of BlackRock Municipal Income Quality Trust (the “Fund”) to be redeemed:

Series W-7 Variable Rate Muni Term Preferred Shares, par value $0.001 per share, liquidation preference of $100,000 per share (the “Series W-7 VMTP Shares”) (CUSIP #: 092479500).

 

(2)

The date on which the securities are to be called or redeemed:

The Fund may redeem the Series W-7 VMTP Shares on one or more occasions during the period from April 1, 2024 to October 1, 2024.

 

(3)

The applicable provisions of the governing instrument pursuant to which the securities are to be called or redeemed:

The Series W-7 VMTP Shares are to be redeemed pursuant to Section 10(a) of the Fund’s Statement of Preferences of Variable Rate Muni Term Preferred Shares (the “Statement”). Pursuant to Section 10(c) of the Statement, dividends on the Series W-7 VMTP Shares will cease to accumulate from and after the date of redemption.

 

(4)

The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:

The Fund may redeem up to 67% (653 shares) of its currently outstanding Series W-7 VMTP Shares. Such redemptions(s) will be made on a pro rata basis among the Holders of the Series W-7 VMTP Shares. Holders of the Series W-7 VMTP Shares will receive the liquidation preference of $100,000 per share, together with accumulated and unpaid dividends through the date of redemption. All of the Series W-7 VMTP Shares are held in book-entry form through the Depository Trust Company (“DTC”), and such shares being redeemed will be redeemed in accordance with the procedures of DTC. Payment by the Fund of the Redemption Price (as defined in the Statement) will be made to The Bank of New York Mellon, as redemption and paying agent for the Series W-7 VMTP Shares.

 

 

 

SIGNATURE

Pursuant to the requirement of Rule 23c-2 of the Investment Company Act of 1940, the BlackRock Municipal Income Quality Trust has duly caused this Notification of Redemption of Securities to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, and the State of New York, on the 1st day of March, 2024.

 

BLACKROCK MUNICIPAL INCOME QUALITY TRUST
By:  

/s/ Jonathan Diorio

  Name:   Jonathan Diorio
  Title:   Vice President

[Signature Page – BYM 23c-2 Notice]