BlackRock Investment Quality Municipal Trust Inc.
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- BlackRock Investment Quality Municipal Trust Inc. (BKN) is a closed-end fixed income mutual fund that seeks to provide high current income exempt from regular federal income tax consistent with the preservation of capital. The Trust invests at least 80% of its assets in municipal obligations exempt from federal income taxes (with interest potentially subject to the federal alternative minimum tax) and, under normal market conditions, at least 80% in securities rated investment grade at the time of investment; these include a diversified portfolio of investment-grade municipal bonds and notes such as general obligation bonds, revenue bonds, and pre-refunded municipal securities issued by state and local governments and their agencies across the United States. Launched by BlackRock, Inc. and managed by BlackRock Advisors, LLC, the Trust was formed on February 28, 1993, and is domiciled in the United States with principal executive offices at 50 Hudson Yards, New York, New York 10001. The fund targets income-oriented investors seeking tax-exempt yields from high-quality credits and operates in the asset management industry within the financials sector, with no specified subsidiaries or parent company relationships beyond its affiliation with BlackRock. In recent strategic developments, BlackRock announced shareholder approvals in November 2025 for a series of municipal closed-end fund reorganizations and mergers aimed at delivering scale benefits to shareholders, though BKN was not among the eight funds involved in consolidations into acquiring funds like BlackRock MuniHoldings Fund, Inc. (MHD); the Trust continues monthly dividend distributions, with a recent ex-dividend date of May 15, 2025, at $0.057 per share, and maintains its focus on investment-grade municipals amid ongoing portfolio management.