Fund Description: BlackRock Municipal Income Quality Trust, formerly BlackRock Insured Municipal Income Trust, is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The BlackRock Municipal Income Quality Trust seeks to provide current income exempt from federal income taxes, including the alternative minimum tax. TRUST STRATEGY: The Trust seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in municipal bonds exempt from federal income taxes, including the alternative minimum tax. The Trust also invests at least 80% of its assets in municipal bonds that are investment grade quality at the time of investment. The Trust may invest directly in such securities or synthetically through the use of derivatives. The Trust invests in sectors, such as transportation, utilities, county/city/special district/school district, health, tobacco, education, corporate and housing. TRUST MANAGEMENT: BlackRock Advisors, LLC serves as the Fund’s investment advisor. BlackRock Financial Management, Inc. serves as the Fund's sub-advisor.