SCHEDULE: JPMorgan, DNT Trust Exit BlackRock MuniHoldings II

JPMorgan Chase & Co. and DNT Asset Trust have ceased beneficial ownership in BlackRock MuniHoldings Quality Fund II, Inc. following its reorganization into BlackRock MuniHoldings Fund, Inc.

Summary

• JPMorgan Chase & Co. and DNT Asset Trust (the "Reporting Persons") filed an Amendment No. 1 to their Schedule 13D.
• The amendment reports the cessation of beneficial ownership in BlackRock MuniHoldings Quality Fund II, Inc. (the "Issuer").
• This change occurred due to the reorganization of the Issuer into BlackRock MuniHoldings Fund, Inc. ("MHD") on February 9, 2026.
• In the reorganization, DNT Trust exchanged its 780 Variable Rate Muni Term Preferred Shares (VRDP Shares) of the Issuer (CUSIP No. 09254C602) for an equal number of Variable Rate Muni Term Preferred Shares of MHD (CUSIP No. 09253N609).
• As a result, the Reporting Persons no longer own any Preferred Shares of the Issuer.
• The Reporting Persons ceased to be beneficial owners of more than five percent of the class of securities as of February 9, 2026.
• All voting and financing arrangements related to the Issuer's Preferred Shares have been terminated.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a factual and procedural update regarding a completed corporate reorganization and the subsequent change in beneficial ownership, rather than an announcement of new operational or financial performance.

Future Outlook

No forward-looking statements or guidance are provided in this filing, as it reports a completed corporate action and the subsequent change in beneficial ownership.

Management Comments

• "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." Michael Lees, Executive Director, JPMorgan Chase & Co.
• "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." Tim A. Self, Authorized Officer, DNT Asset Trust

Industry Context

StockSavvy.ai notes that reorganizations, such as the consolidation of BlackRock MuniHoldings Quality Fund II, Inc. into BlackRock MuniHoldings Fund, Inc., are common occurrences within the closed-end fund industry. These actions often aim to streamline fund structures, optimize operational efficiency, or achieve economies of scale. The filing reflects a routine disclosure of a change in beneficial ownership following such a corporate event.

Corporate Governance

Stakeholder Impact

• Shareholders of BlackRock MuniHoldings Quality Fund II, Inc. were impacted by the reorganization into BlackRock MuniHoldings Fund, Inc., as their shares were exchanged.
• JPMorgan Chase & Co. and DNT Asset Trust, as the Reporting Persons, no longer hold a beneficial interest in the original Issuer, altering their investment portfolio.

Key Dates

Keywords

BlackRock MuniHoldings Quality Fund II, JPMorgan Chase & Co., DNT Asset Trust, Schedule 13D/A, Beneficial Ownership, Corporate Reorganization, Variable Rate Muni Term Preferred Shares, Closed-End Fund, SEC Filing