UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number:__811-07354______
BlackRock Investment Quality Municipal Trust, Inc.
(Exact name of registrant as specified in charter)
|
|
Robert S. Kapito, President
BlackRock Investment Quality Municipal Trust, Inc.
40 East 52nd Street, New York, NY 10022
(Name and address of agent for service)
Registrant's telephone number, including area code: 888-825-2257
Date of fiscal year end: October 31, 2007
Date of reporting period: January 31, 2007
Item 1. Schedule of Investments.
The Registrants unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:
PORTFOLIO OF INVESTMENTS (unaudited)
JANUARY 31, 2007
BlackRock Investment Quality Municipal Trust (BKN)
(Percentage of Net Assets)
Principal | |||||||||
Amount | Option Call | ||||||||
Rating1 | (000) | Description | Provisions2 | Value | |||||
LONG-TERM INVESTMENTS154.1% | |||||||||
Alabama7.7% | |||||||||
AAA | $ 1,865 | Birmingham Wtr. Wks. & Swr. Brd., Wtr. Util. Impvt. Wtr. RB, Ser. A, 4.50%, 1/01/35, | |||||||
FSA | 01/16 @ 100 | $ | 1,850,285 | ||||||
Spl. Care Facs. Fing. Auth.-Birmingham, Hlth., Hosp. & Nursing Home RB, Ascension Hlth. Proj., | |||||||||
AA+ | 1,765 | Ser. C-2, 5.00%, 11/15/36 | 11/16 @ 100 | 1,828,470 | |||||
AA+ | 1,265 | Ser. C-2, 5.00%, 11/15/39 | 11/16 @ 100 | 1,307,061 | |||||
AAA | 14,000 | 3 | Univ. of Alabama Hosp., Hlth., Hosp. & Nursing Home Impvts. RB, Ser. A, 5.875%, | ||||||
9/01/10, MBIA | N/A | 15,101,100 | |||||||
20,086,916 | |||||||||
Arizona0.7% | |||||||||
San Luis Fac. Dev. Corp., Correctional Fac. Impvts. Misc. RB, Regl. Detention Ctr. Proj., | |||||||||
NR | 490 | 6.25%, 5/01/15 | 05/10 @ 107 | 494,557 | |||||
NR | 490 | 7.00%, 5/01/20 | 05/10 @ 107 | 494,523 | |||||
NR | 980 | 7.25%, 5/01/27 | 05/10 @ 107 | 994,553 | |||||
1,983,633 | |||||||||
California23.7% | |||||||||
California GO, | |||||||||
A+ | 5,800 | 5.00%, 2/01/32 | 08/13 @ 100 | 6,010,830 | |||||
A+ | 3,485 | 5.00%, 6/01/34 | 12/14 @ 100 | 3,629,105 | |||||
Aaa | 4,140 | 3 | 5.625%, 5/01/10 | N/A | 4,426,992 | ||||
A+ | 860 | 3 | 5.625%, 5/01/10 | N/A | 919,116 | ||||
A+ | 770 | 5.625%, 5/01/18 | 05/10 @ 101 | 814,183 | |||||
AAA | 10,000 | California, Pub. Impvts. Ad Valorem Ppty. Tax GO, 5.00%, 3/01/33, CIFG-TCRS | 03/15 @ 100 | 10,494,200 | |||||
Cnty. Tobacco Sec. Agcy., Tobacco Settlement Funded RB, | |||||||||
BBB- | 1,340 | Ser. B, Zero Coupon, 6/01/46 | 06/16 @ 17.602 | 137,578 | |||||
BB | 7,090 | Ser. C, Zero Coupon, 6/01/55 | 06/16 @ 8.9 | 333,443 | |||||
NR | 9,060 | Stanislaus Cnty. Proj., Ser. D, Zero Coupon, 6/01/55 | 06/16 @ 6.219 | 300,520 | |||||
Foothill Eastn. Transp. Corridor Agcy., Hwy. Tolls RB, | |||||||||
BBB | 3,495 | 5.75%, 1/15/40 | 01/10 @ 101 | 3,622,917 | |||||
BBB | 7,000 | Conv. Cap. Apprec. Proj., Zero Coupon, 1/15/28 | 01/14 @ 101 | 6,437,900 | |||||
AAA | 10,945 | 3 | Los Altos Sch. Dist., Sch. Impvts. Ad Valorem Ppty. Tax GO, Zero Coupon, 8/01/13, | ||||||
MBIA | N/A | 4,562,970 | |||||||
AAA | 15,460 | Los Angeles Cnty. Cap. Asset Leasing Corp., Lease Abatement RB, 3.80%, 12/01/07, | |||||||
AMBAC | No Opt. Call | 15,753,895 | |||||||
AA- | 4,185 | Univ. of California, Univ. & Coll. Impvts. RB, Ser. B, 4.75%, 5/15/38 | 05/13 @ 101 | 4,259,535 | |||||
61,703,184 | |||||||||
Colorado0.8% | |||||||||
AAA | 1,030 | City of Colorado Springs, Mult. Util. Impvts. RB, Ser. C, 5.00%, 11/15/45, FSA | 11/15 @ 100 | 1,078,400 | |||||
Baa2 | 1,020 | Park Creek Met. Dist., Ppty. Tax Misc. RB, 5.50%, 12/01/37 | 12/15 @ 101 | 1,077,548 | |||||
2,155,948 | |||||||||
Connecticut1.2% | |||||||||
Baa3 | 3,000 | 4 | Mashantucket Western Pequot Tribe, Casino RB, Ser. A, 5.50%, 9/01/28 | 09/09 @ 101 | 3,073,920 | ||||
District of Columbia2.3% | |||||||||
BBB | 4,960 | Tobacco Settlement Fing. Corp., Tobacco Settlement Funded RB, 6.50%, 5/15/33 | No Opt. Call | 5,912,469 | |||||
Florida18.7% | |||||||||
Cnty. of Miami-Dade, Recreational Fac. Impvts. Misc. SO, | |||||||||
AAA | 3,380 | Ser. A, Zero Coupon, 10/01/31, MBIA | 10/15 @ 44.051 | 996,289 | |||||
AAA | 4,225 | Ser. A, Zero Coupon, 10/01/32, MBIA | 10/15 @ 41.782 | 1,179,198 | |||||
AAA | 4,000 | Ser. A, Zero Coupon, 10/01/33, MBIA | 10/15 @ 39.621 | 1,056,880 | |||||
AAA | 4,580 | Ser. A, Zero Coupon, 10/01/34, MBIA | 10/15 @ 37.635 | 1,148,481 | |||||
AAA | 5,000 | Ser. A, Zero Coupon, 10/01/35, MBIA | 10/15 @ 35.678 | 1,189,650 | |||||
AAA | 10,000 | Ser. A, Zero Coupon, 10/01/36, MBIA | 10/15 @ 33.817 | 2,251,300 | |||||
AAA | 10,000 | Ser. A, Zero Coupon, 10/01/37, MBIA | 10/15 @ 32.047 | 2,131,700 | |||||
AAA | 7,895 | Cnty. of Orange, Sales Tax RB, 4.75%, 10/01/32, XLCA | 10/16 @ 100 | 8,043,505 | |||||
NR | 2,080 | Fishhawk Cmnty. Dev. Dist. II, Pub. Impvts. TA, Ser. A, 6.125%, 5/01/34 | 05/13 @ 101 | 2,198,643 | |||||
BBB+ | 2,415 | Halifax Hosp. Med. Ctr., Hlth., Hosp. & Nursing Home RB, Ser. A, 5.00%, 6/01/38 | 06/16 @ 100 | 2,449,027 |
1
BlackRock Investment Quality Municipal Trust (BKN) (continued)
(Percentage of Net Assets)
Principal | |||||||||
Amount | Option Call | ||||||||
Rating1 | (000) | Description | Provisions2 | Value | |||||
Florida(cont'd) | |||||||||
NR5 | $ 3,700 | Hillsborough Cnty. Indl. Dev. Auth. RB, Nat. Gypsum Proj., Ser. A, 7.125%, 4/01/30, | |||||||
AMT | 10/10 @ 101 | $ | 4,051,426 | ||||||
AAA | 1,215 | JEA, Wtr. Util. Impvts. Wtr. RB, Ser. A, 4.75%, 10/01/36, MBIA | 04/11 @ 100 | 1,234,197 | |||||
NR | 2,220 | Live Oak Cmnty. Dev. Dist. No. 2, Pub. Impvts. SA, Ser. A, 5.85%, 5/01/35 | 05/12 @ 101 | 2,273,369 | |||||
BB+ | 4,755 | Miami Beach Hlth. Facs. Auth., Hlth., Hosp. & Nursing Home Impvts. RB, Mt. Sinai Med. | |||||||
Ctr. Proj., 6.75%, 11/15/21 | 11/14 @ 100 | 5,384,229 | |||||||
NR | 3,770 | Sumter Landing Cmnty. Dev. Dist., Retirement Facs. Misc. RB, Ser B, 5.70%, 10/01/38 | 10/15 @ 100 | 3,849,773 | |||||
NR | 9,115 | Vlg. Cmnty. Dev. Dist. No. 6, Pub. Impvts. SA, 5.625%, 5/01/22 | 05/13 @ 100 | 9,274,877 | |||||
48,712,544 | |||||||||
Georgia3.1% | |||||||||
City of Atlanta, | |||||||||
AAA | 2,245 | Arpt. Passenger Fac., Port, Arpt. & Marina Impvts. RB, Ser. J, 5.00%, 1/01/34, FSA | 01/15 @ 100 | 2,340,233 | |||||
AAA | 4,000 | Wtr. & Wstwtr., Wtr. Util. Impvts. RB, 5.00%, 11/01/34, FSA | 11/14 @ 100 | 4,188,000 | |||||
BBB | 1,500 | Milledgeville & Baldwin Cnty. Dev. Auth., Univ. & Coll. Impvts. RB, Georgia Coll. & St. | |||||||
Univ. Fndtn. Proj., 6.00%, 9/01/33 | 09/14 @ 101 | 1,653,840 | |||||||
8,182,073 | |||||||||
Hawaii1.0% | |||||||||
AAA | 2,500 | Dept. of Budget & Fin., Elec., Pwr. & Lt. RB, Hawaiian Elec. Co., Inc. Proj., Ser. D, | |||||||
6.15%, 1/01/20, AMBAC, AMT | 01/09 @ 101 | 2,619,700 | |||||||
Illinois13.6% | |||||||||
NR | 1,920 | 4 | Centerpoint Intermodal Ctr. Prog. Trust TA, Ser. A, 8.00%, 6/15/23 | No Opt. Call | 1,974,989 | ||||
AAA | 1,040 | 3 | Chicago Brd. of Ed. Sch. Reform, Sch. Impvts. Ad Valorem Ppty. Tax GO, 5.75%, | ||||||
12/01/07, AMBAC | N/A | 1,077,918 | |||||||
AAA | 3,540 | Chicago O'Hare Intl. Arpt., Port, Arpt. & Marina RB, Ser. C-2, 5.25%, 1/01/30, FSA, AMT | 01/14 @ 100 | 3,706,876 | |||||
AAA | 5,000 | 6 | Chicago Pub. Bldg. Comm. Bldg., Sch. Impvts. Ad Valorem Ppty. Tax RB, Ser. A, 7.00%, | ||||||
1/01/20, MBIA | ETM | 6,356,200 | |||||||
Fin. Auth., | |||||||||
BBB | 1,665 | Coll. & Univ. RB, Edl. Advancement, Ser. B, 5.00%, 5/01/25 | 11/16 @ 100 | 1,706,209 | |||||
BBB | 1,330 | Coll. & Univ. RB, Edl. Advancement, Ser. B, 5.00%, 5/01/30 | 11/16 @ 100 | 1,358,741 | |||||
BB+ | 690 | Hlth., Hosp. & Nursing Home RB, Friendship Vlg. Schaumburg Proj., Ser. A, 5.625%, | |||||||
2/15/37 | 02/15 @ 100 | 709,506 | |||||||
AA+ | 5,800 | Hlth., Hosp. & Nursing Home RB, Northwestern Mem. Hosp. Proj., Ser. A, 5.50%, | |||||||
8/15/43 | 08/14 @ 100 | 6,282,792 | |||||||
Baa2 | 875 | Univ. & Coll. Impvts. RB, MJH Ed. Asst. LLC Proj., Ser. A, 5.125%, 6/01/35 | 06/14 @ 100 | 896,691 | |||||
Baa3 | 700 | Univ. & Coll. Impvts. RB, MJH Ed. Asst. LLC Proj., Ser. B, 5.375%, 6/01/35 | 06/14 @ 100 | 717,192 | |||||
AAA | 3,980 | Mun. Elec. Agcy., Elec., Pwr. & Lt. RB, 4.50%, 2/01/35, FGIC | 02/16 @ 100 | 3,930,051 | |||||
AAA | 6,500 | Vlg. of Bolingbrook, Ad Valorem Ppty. Tax GO, Ser. A, 4.75%, 1/01/38, MBIA | 01/15 @ 100 | 6,624,345 | |||||
35,341,510 | |||||||||
Indiana1.2% | |||||||||
AAA | 3,050 | Mun. Pwr. Agcy. Pwr. Sply. Sys., Elec., Pwr. & Lt. Impvts. RB, Ser. A, 4.50%, 1/01/32, | |||||||
AMBAC | 01/16 @ 100 | 3,027,308 | |||||||
Kansas0.7% | |||||||||
A | 1,690 | Univ. of Kansas Hosp. Auth., Hlth., Hosp. & Nuring Home RB, Univ. of Kansas Hlth. Sys. | |||||||
Proj., 5.00%, 9/01/36 | 09/16 @ 100 | 1,745,821 | |||||||
Kentucky2.3% | |||||||||
AAA | 13,500 | Econ. Dev. Fin. Auth., Hlth., Hosp. & Nursing Home RB, Norton Hlth. Care, Inc. Proj., | |||||||
Ser. B, Zero Coupon, 10/01/23, MBIA | No Opt. Call | 6,113,610 |
2
BlackRock Investment Quality Municipal Trust (BKN) (continued)
(Percentage of Net Assets)
Principal | |||||||||
Amount | Option Call | ||||||||
Rating1 | (000) | Description | Provisions2 | Value | |||||
Maryland1.5% | |||||||||
Hlth. & Higher Edl. Facs. Auth., Hlth., Hosp. & Nursing Home Impvts. RB, | |||||||||
NR | $ 2,200 | King Farm Presbyterian Cmnty. Proj., 5.00%, 1/01/17 | 01/09 @ 100 | $ 2,203,894 | |||||
A3 | 1,740 | Medstar Hlth., Inc. Proj., 5.50%, 8/15/33 | 08/14 @ 100 | 1,846,749 | |||||
4,050,643 | |||||||||
Massachusetts1.2% | |||||||||
AA | 3,075 | Wtr. Res. Auth., Wtr. RB, Ser. A, 5.00%, 8/01/41 | 08/16 @ 100 | 3,221,862 | |||||
Michigan0.7% | |||||||||
A1 | 1,670 | Hosp. Fin. Auth., Hlth., Hosp. & Nursing Home RB, Henry Ford Hlth. Sys. Proj., Ser. A, | |||||||
5.25%, 11/15/46 | 11/16 @ 100 | 1,752,782 | |||||||
Mississippi1.0% | |||||||||
BBB+ | 2,535 | Business Fin. Comm., Indl. Impvts. RB, Northrop Grumman Ship Sys. Proj., 4.55%, | |||||||
12/01/28 | 12/16 @ 100 | 2,520,272 | |||||||
Missouri1.1% | |||||||||
AAA | 2,820 | Joint Mun. Elec. Util. Comm., Elec., Pwr. & Lt. Impvts. RB, Plum Point Proj., 4.60%, | |||||||
1/01/36, MBIA | 01/16 @ 100 | 2,834,241 | |||||||
Multi-State4.7% | |||||||||
Baa1 | 7,000 | 4 | Charter Mac Equity Issuer Trust, Ser. B, 7.60%, 11/30/10 | No Opt. Call | 7,710,220 | ||||
Baa1 | 4,000 | 4 | MuniMae TE Bond Subsidiary LLC, Ser. B, 7.75%, 6/30/50 | 11/10 @ 100 | 4,431,720 | ||||
12,141,940 | |||||||||
Nebraska3.1% | |||||||||
Omaha Pub. Pwr. Dist., Elec., Pwr. & Lt. Impvts. RB, | |||||||||
AA | 2,765 | Ser. A, 4.75%, 2/01/44 | 02/14 @ 100 | 2,797,848 | |||||
AA | 5,000 | Ser. A, 5.00%, 2/01/34 | 02/14 @ 100 | 5,200,450 | |||||
7,998,298 | |||||||||
Nevada2.1% | |||||||||
A+ | 2,065 | Cnty. of Clark, Private Schs. RB, Alexander Dawson Sch. Proj., 5.00%, 5/15/29 | 05/16 @ 100 | 2,137,791 | |||||
AAA | 3,200 | Truckee Meadows Wtr. Auth., Wtr. RB, 4.875%, 7/01/34, XLCA | 07/16 @ 100 | 3,281,280 | |||||
5,419,071 | |||||||||
New Jersey4.3% | |||||||||
BBB | 7,000 | Econ. Dev. Auth., Econ. Impvts. Misc. RB, Cigarette Tax Proj., 5.75%, 6/15/29 | 06/14 @ 100 | 7,522,060 | |||||
NR | 1,510 | Middlesex Cnty. Impvt. Auth., Pub. Impvts. Hotel Occupancy Tax RB, Heldrich Associates | |||||||
LLC Proj., Ser. B, 6.25%, 1/01/37 | 01/15 @ 100 | 1,559,226 | |||||||
11,178,546 | |||||||||
New York10.3% | |||||||||
NR | 725 | Albany Indl. Dev. Agcy., Sch. Impvts. Lease Appropriation RB, New Covenant Charter | |||||||
Sch. Proj., Ser. A, 7.00%, 5/01/35 | 05/15 @ 102 | 712,631 | |||||||
Dorm. Auth., Univ. & Coll. Impvts. RB, | |||||||||
AAA | 2,030 | 3 | Univ. of Rochester Proj., Ser. A, Zero Coupon, 7/01/10, MBIA | N/A | 1,798,418 | ||||
AAA | 1,865 | 3 | Univ. of Rochester Proj., Ser. A, Zero Coupon, 7/01/10, MBIA | N/A | 1,652,241 | ||||
Hudson Yards Infrastructure Corp., Trans. Impvts. Misc. RB, | |||||||||
AAA | 1,065 | Ser. A, 4.50%, 2/15/47, MBIA | 02/17 @ 100 | 1,050,186 | |||||
A | 1,575 | Ser. A, 5.00%, 2/15/47 | 02/17 @ 100 | 1,643,717 | |||||
AA- | 12,400 | Liberty Dev. Corp., Indl. Impvts. Misc. RB, Goldman Sachs Group, Inc. Proj., 5.25%, | |||||||
10/01/35 | No Opt. Call | 14,195,272 | |||||||
B | 2,600 | New York City Indl. Dev. Agcy., Port, Arpt. & Marina Impvts. RB, American Airlines, | |||||||
Inc./JFK Intl. Arpt. Proj., 7.625%, 8/01/25, AMT | 08/16 @ 101 | 3,172,780 | |||||||
AA+ | 2,500 | New York City Mun. Wtr. Fin. Auth., Wtr. Util. Impvts. Wtr. RB, Ser. D, 5.00%, 6/15/38 | 06/16 @ 100 | 2,623,850 | |||||
26,849,095 | |||||||||
North Carolina4.7% | |||||||||
AAA | 5,000 | Eastn. Mun. Pwr. Agcy., Elec., Pwr. & Lt. RB, Ser. B, 7.00%, 1/01/08, CAPMAC | No Opt. Call | 5,143,500 | |||||
NR5 | 2,425 | Gaston Cnty. Indl. Facs. & Poll. Control Fing. Auth., Indl. Impvts. RB, 5.75%, 8/01/35, | |||||||
AMT | 08/15 @ 100 | 2,592,567 |
3
BlackRock Investment Quality Municipal Trust (BKN) (continued)
(Percentage of Net Assets)
Principal | |||||||||
Amount | Option Call | ||||||||
Rating1 | (000) | Description | Provisions2 | Value | |||||
North Carolina(cont'd) | |||||||||
AA- | $ 4,315 | Med. Care Comm., Hlth., Hosp. & Nursing Home RB, Novant Hlth. Oblig. Grp. Proj., | |||||||
5.00%, 11/01/39 | 11/16 @ 100 | $ |
4,490,405 | ||||||
12,226,472 | |||||||||
Ohio7.8% | |||||||||
AAA | 10,475 | Air Qual. Dev. Auth., Rec. Recovery RB, Dayton Pwr. & Lt. Co. Proj., 4.80%, 1/01/34, | |||||||
FGIC | 07/15 @ 100 | 10,666,273 | |||||||
AAA | 245 | 6 | Cleveland-Cuyahoga Cnty. Port Auth., Port, Arpt. & Marina RB, Oglebay Norton Co. Proj., | ||||||
6.00%, 3/01/07, AMT | ETM | 245,363 | |||||||
Cnty. of Cuyahoga, Hlth., Hosp. & Nursing Home RB, Cleveland Clinic Hlth. Sys. Proj., | |||||||||
AA- | 3,485 | 6.00%, 1/01/20 | 07/13 @ 100 | 3,853,051 | |||||
AA- | 5,000 | 6.00%, 1/01/21 | 07/13 @ 100 | 5,522,150 | |||||
20,286,837 | |||||||||
Oklahoma1.3% | |||||||||
B | 2,900 | Tulsa Mun. Arpt. Trust, Port, Arpt. & Marina Impvts. RB, Ser. A, 7.75%, 6/01/35, AMT | No Opt. Call | 3,458,047 | |||||
Pennsylvania5.2% | |||||||||
AAA | 2,000 | Delaware River Port. Auth., Port, Arpt. & Marina RB, Port Dist. Proj., Ser. B, 5.70%, | |||||||
1/01/22, FSA | 01/10 @ 100 | 2,097,260 | |||||||
Econ. Dev. Fing. Auth., | |||||||||
BB- | 6,380 | Elec., Pwr. & Lt. Impvts. RB, Reliant Energy Conv. Proj., Ser. A, 6.75%, 12/01/36, AMT | 06/11 @ 103 | 7,034,078 | |||||
A3 | 2,000 | Trans. Impvts. Lease Renewal RB, Amtrak Proj., Ser. A, 6.25%, 11/01/31, AMT | 05/11 @ 101 | 2,136,000 | |||||
A3 | 3,100 | Trans. Impvts. Lease Renewal RB, Amtrak Proj., Ser. A, 6.375%, 11/01/41, AMT | 05/11 @ 101 | 3,310,149 | |||||
McKeesport Area Sch. Dist., Ad Valorem Ppty. Tax GO, | |||||||||
AAA | 870 | 6 | Zero Coupon, 10/01/31, FGIC | ETM | 289,562 | ||||
AAA | 2,435 | Zero Coupon, 10/01/31, FGIC | No Opt. Call | 796,878 | |||||
13,566,667 | |||||||||
Puerto Rico1.7% | |||||||||
BBB | 4,170 | Comnwlth., Ad Valorem Ppty. Tax GO, Ser. B, 5.00%, 7/01/35 | 07/16 @ 100 | 4,351,228 | |||||
Rhode Island0.8% | |||||||||
Hlth. & Edl. Bldg. Corp., Hlth., Hosp. & Nursing Home Impvts. RB, Lifespan Proj., | |||||||||
AAA | 1,800 | 3 | 5.50%, 5/15/07, MBIA | N/A | 1,844,928 | ||||
AAA | 200 | 5.50%, 5/15/16, MBIA | 05/07 @ 102 | 204,832 | |||||
2,049,760 | |||||||||
South Carolina4.7% | |||||||||
AAA | 5,000 | Hsg. Fin. & Dev. Auth., Hsg. RB, Ser. A2, 5.15%, 7/01/37, AMBAC, AMT | 07/15 @ 100 | 5,157,150 | |||||
Jobs-Econ. Dev. Auth., Hlth., Hosp. & Nursing Home RB, Palmetto Hlth. Alliance Proj., | |||||||||
BBB+ | 2,185 | Ser. A, 6.25%, 8/01/31 | 08/13 @ 100 | 2,433,544 | |||||
BBB+ | 3,560 | 3 | 6.875%, 8/01/13 | N/A | 4,169,614 | ||||
BBB+ | 440 | 3 | 6.875%, 8/01/13 | N/A | 512,600 | ||||
12,272,908 | |||||||||
Tennessee2.0% | |||||||||
AAA | 4,865 | Memphis-Shelby Cnty. Arpt. Auth., Port, Arpt. & Marina Impvts. RB, Ser. D, 6.00%, | |||||||
3/01/24, AMBAC, AMT | 03/10 @ 101 | 5,165,657 | |||||||
Texas14.2% | |||||||||
BBB | 1,350 | Alliance Arpt. Auth., Indl. RB, FedEx Corp. Proj., 4.85%, 4/01/21, AMT | 04/16 @ 100 | 1,364,553 | |||||
AAA | 6,000 | 3 | Grapevine, Pub. Impvts. Ad Valorem Ppty. Tax GO, 5.875%, 8/15/10, FGIC | N/A | 6,414,660 | ||||
AAA | 5,000 | Harris Cnty.-Houston Sports Auth., Hotel Occupancy Tax RB, Ser. A, Zero Coupon, | |||||||
11/15/38, MBIA | 11/30 @ 61.166 | 996,200 | |||||||
AAA | 2,480 | Hlth. Care Facs. Auth., Hlth., Hosp. & Nursing Home RB, Providence Hlth. Care Svcs. | |||||||
Proj., 4.50%, 10/01/35, FGIC | 10/16 @ 100 | 2,413,610 | |||||||
AAA | 9,495 | La Joya Indpt. Sch. Dist., Sch. Impvts. Ad Valorem Ppty. Tax GO, 5.00%, 2/15/34, PSF | 02/14 @ 100 | 9,865,590 | |||||
Lower Colorado River Auth., Misc. RB, | |||||||||
AAA | 3,845 | 4.75%, 5/15/36, AMBAC | 05/11 @ 100 | 3,880,374 | |||||
AAA | 5 | 3 | Ser. A, 5.00%, 5/15/13, MBIA | N/A | 5,332 | ||||
AAA | 945 | Ser. A, 5.00%, 5/15/31, MBIA | 05/13 @ 100 | 979,993 | |||||
AAA | 675 | Montgomery Cnty. Mun. Util. Dist. No. 46, Pub. Impvts. Ad Valorem Ppty. Tax GO, | |||||||
4.75%, 3/01/30, MBIA | 03/14 @ 100 | 683,890 | |||||||
AAA | 2,010 | Pearland, Ad Valorem Ppty. Tax GO, 4.75%, 3/01/29, FGIC | 03/16 @ 100 | 2,054,582 | |||||
AA+ | 1,000 | Texas, Wtr. Fin. Asst., Wtr. Util. Impvts. GO, 5.75%, 8/01/22 | 08/10 @ 100 | 1,058,970 |
4
BlackRock Investment Quality Municipal Trust (BKN) (continued)
(Percentage of Net Assets)
Principal | |||||||||
Amount | Option Call | ||||||||
Rating1 | (000) | Description | Provisions2 | Value | |||||
Texas(cont'd) | |||||||||
Tpke. Auth., Hwy. Impvt. Tolls RB, | |||||||||
AAA | $ 15,000 | Zero Coupon, 8/15/31, AMBAC | 08/12 @ 32.807 | $ | 3,816,900 | ||||
AAA | 3,325 | Ser. A, 5.00%, 8/15/42, AMBAC | 08/12 @ 100 | 3,437,784 | |||||
36,972,438 | |||||||||
Utah0.7% | |||||||||
AAA | 1,950 | 6 | Intermountain Pwr. Agcy., Elec., Pwr. & Lt. RB, 5.00%, 7/01/13, AMBAC | ETM | 1,951,930 | ||||
Virginia0.7% | |||||||||
BBB- | 1,750 | Henrico Cnty. Econ. Dev. Auth., Econ. Dev. RB, Westminster Canterbury Mgt. Proj., | |||||||
5.00%, 10/01/35 | 10/11 @ 103 | 1,778,052 | |||||||
Washington1.9% | |||||||||
AAA | 1,420 | Cnty. of King, Swr. RB, 5.00%, 1/01/36, FSA | 01/16 @ 100 | 1,491,852 | |||||
AAA | 3,480 | Hlth. Care Facs. Auth., Hlth., Hosp. & Nursing Home RB, Providence Hlth. Care Svcs. | |||||||
Proj., Ser. A, 4.625%, 10/01/34, FGIC | 10/16 @ 100 | 3,444,922 | |||||||
4,936,774 | |||||||||
Wisconsin1.4% | |||||||||
A- | 3,220 | Hlth. & Edl. Facs. Auth., Hlth., Hosp. & Nursing Home Impvts. RB, Aurora Hlth. Care | |||||||
Proj., 6.40%, 4/15/33 | 04/13 @ 100 | 3,568,726 | |||||||
Total Long-Term Investments (cost $378,361,731) | 401,210,882 | ||||||||
SHORT-TERM INVESTMENTS0.9% | |||||||||
Nebraska0.3% | |||||||||
A-1+ | 796 | 7 | American Pub. Energy Agcy., Natural Gas Util. Impvts. Natural Gas RB, Ser. A, 3.63%, | ||||||
2/01/07, FRWD | N/A | 796,000 | |||||||
Ohio0.4% | |||||||||
A-1+ | 1,000 | 7 | Kent St. Univ., Univ. & Coll. Impvts. RB, 3.48%, 2/07/07, MBIA, FRWD | N/A | 1,000,000 | ||||
Shares | |||||||||
(000) | |||||||||
Money Market Fund0.2% | |||||||||
NR | 550 | AIM Tax Free Cash Reserve Portfolio - Institutional Class | N/A | 550,000 | |||||
Total Short-Term Investments (cost $2,346,000) | 2,346,000 | ||||||||
Total Investments 155.0% (cost $380,707,7318) | $ 403,556,882 | ||||||||
Other assets in excess of liabilities 1.3% | 3,446,105 | ||||||||
Preferred shares at redemption value, including dividends payable (56.3)% | (146,605,659) | ||||||||
Net Assets Applicable to Common Shareholders100% | $ |
260,397,328 |
1 |
Using the highest of Standard & Poor's, Moody's Investors Service or Fitch's Ratings. |
2 |
Date (month/year) and price of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. |
3 |
This bond is prerefunded. U.S. government securities, held in escrow, are used to pay interest on this security, as well as retire the bond in full at the date indicated, typically at a premium to par. |
4 |
Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A under that Act, to qualified institutional buyers. As of January 31, 2007, the Trust held 6.6% of its net assets, with a current market value of $17,190,849, in securities restricted as to resale. |
5 |
Security is deemed to be of investment grade quality by the investment adviser. |
6 |
Security is collateralized by Municipal or U.S. Treasury obligations. |
7 |
For purposes of amortized cost valuation, the maturity date of this instrument is considered to be the earlier of the next date on which the security can be redeemed at par, or the next date on which the rate of interest is adjusted. Rate shown is rate as of January 31, 2007. |
8 |
Cost for federal income tax purposes is $380,153,431. The net unrealized appreciation on a tax basis is $23,403,451, consisting of $23,798,662 gross unrealized appreciation and $395,211 gross unrealized depreciation. |
5
BlackRock Investment Quality Municipal Trust (BKN) (continued)
(Percentage of Net Assets)
AMBAC | American Municipal Bond Assurance Corp. | GO | General Obligation |
AMT | Subject to Alternative Minimum Tax | MBIA | Municipal Bond Insurance Assoc. |
CAPMAC | Capital Markets Assurance Co. | PSF | Public School Fund Guaranteed |
CIFG-TCRS | CDC IXIS Financial Guaranty | RB | Revenue Bond |
ETM | Escrowed to Maturity | SA | Special Assessment |
FGIC | Financial Guaranty Insurance Co. | SO | Special Obligation |
FRWD | Floating Rate Weekly Demand | TA | Tax Allocation |
FSA | Financial Security Assurance | XLCA | XL Capital Assurance |
6
Item 2. Controls and Procedures.
(a) The Registrant's principal executive and principal financial officers have evaluated the Registrant's disclosure controls and procedures within 90 days of this filing and have concluded, as of that date, that the Registrants disclosure controls and procedures were reasonably designed to ensure that information required to be disclosed by the Registrant in this Form N-Q was recorded, processed, summarized, and reported within the required time periods and that information to be disclosed by the Registrant in this Form N-Q was accumulated and communicated to the Registrants management, including its principal executive and principal financial officers, as appropriate, to allow timely decisions regarding required disclosure.
(b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a -3(d)) that occurred during the Registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.
Item 3. Exhibits.
Separate certifications of the Registrants Principal Executive and Financial Officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-99.CERT.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) BlackRock Investment Quality Municipal Trust, Inc.
By: /s/ Donald C. Burke
Name: Donald C. Burke
Title: Treasurer and Principal Financial Officer
Date: March 28, 2007
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: /s/ Robert S. Kapito
Name: Robert S. Kapito
Title: President and Principal Executive Officer
Date: March 28, 2007
By: /s/ Donald C. Burke
Name: Donald C. Burke
Title: Treasurer and Principal Financial Officer
Date: March 28, 2007