BYM

BlackRock Municipal Income Quality Trust is a diversified, closed-end management investment company managed by BlackRock Advisors, LLC. The trust's investment objective is to provide current income exempt from regular federal income tax by investing primarily in municipal bonds that are investment-grade quality at the time of investment. BYM constructs a diversified portfolio of municipal securities issued by state and local governments and their agencies across the United States to finance public projects such as schools, hospitals, transportation infrastructure, and utilities. The fund focuses on investment-grade municipal bonds, which are rated BBB/Baa or higher by major rating agencies, seeking to balance income generation with credit quality and principal preservation. BlackRock's experienced municipal bond team conducts fundamental credit research and employs active portfolio management to navigate changing market conditions and interest rate environments. The closed-end structure allows the fund to utilize leverage to enhance tax-free income. Shares trade on public exchanges and may trade at premiums or discounts to net asset value.