Regulatory Filings • Sep 29, 2006
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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)
| 100
Bellevue Parkway, Wilmington, DE | 19809 |
| --- | --- |
| (Address of principal executive offices) | (Zip code) |
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, 2006 Date of reporting period: July 31, 2006
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) JULY 31, 2006
BlackRock Investment Quality Municipal Trust (BKN)
| Principal | |||||
|---|---|---|---|---|---|
| Amount | Option Call | ||||
| Rating 1 | (000) | Description | Provisions 2 | Value | |
| LONG-TERM INVESTMENTS150.3% | |||||
| Alabama6.5% | |||||
| AAA | $ 1,865 | Birmingham Wtr. Wks. & Swr. Brd. | |||
| RB, Ser. A, 4.50%, 1/01/35, FSA | 01/16 @ 100 | $ 1,812,463 | |||
| AAA | 14,000 | Univ. of Alabama Hosp. RB, Ser. A, | |||
| 5.875%, 9/01/31, MBIA | 09/10 @ 101 | 15,031,660 | |||
| 16,844,123 | |||||
| Arizona0.8% | |||||
| San. Luis Fac. Dev. Corp. RB, Regl. | |||||
| Detention Ctr. Proj., | |||||
| NR | 490 | 6.25%, 5/01/15 | 05/10 @ 107 | 490,681 | |
| NR | 490 | 7.00%, 5/01/20 | 05/10 @ 107 | 490,941 | |
| NR | 980 | 7.25%, 5/01/27 | 05/10 @ 107 | 988,320 | |
| 1,969,942 | |||||
| California27.6% | |||||
| California GO, | |||||
| A+ | 5,800 | 5.00%, 2/01/32 | 08/13 @ 100 | 5,906,140 | |
| AAA | 10,000 | 5.00%, 3/01/33 | 03/15 @ 100 | 10,266,200 | |
| A+ | 3,485 | 5.00%, 6/01/34 | 12/14 @ 100 | 3,556,129 | |
| AAA | 4,140 | 3 | 5.625%, 5/01/10 | N/A | 4,444,341 |
| A+ | 860 | 3 | 5.625%, 5/01/18 | N/A | 924,208 |
| A+ | 770 | 5.625%, 5/01/18 | 05/10 @ 101 | 821,359 | |
| Cnty. Tobacco Sec. Agcy. RB, | |||||
| BBB- | 1,340 | Ser. B, Zero Coupon, 6/01/46 | 06/16 @ 17.602 | 115,053 | |
| BB | 7,090 | Ser. C, Zero Coupon, 6/01/55 | 06/16 @ 8.9 | 275,943 | |
| NR | 9,060 | Cnty. Tobacco Sec. Agcy. RB, Stanislaus | |||
| Cnty., Ser. D, Zero Coupon, 6/01/55 | 06/16 @ 6.219 | 236,194 | |||
| Foothill/Eastn. Transp. Corridor | |||||
| Agcy. RB, | |||||
| BBB | 7,000 | Conv. Cap. Apprec., | |||
| Zero Coupon, 1/15/28 | 01/14 @ 101 | 6,178,760 | |||
| BBB | 3,495 | Toll Road, 5.75%, 1/15/40 | 01/10 @ 101 | 3,614,354 | |
| AAA | 10,320 | Golden St. Tobacco Sec. Corp. RB, | |||
| 5.00%, 6/01/45, AMBAC | 06/15 @ 100 | 10,525,987 | |||
| AAA | 10,945 | 3 | Los Altos Sch. Dist. GO, Zero Coupon, | ||
| 8/01/13, MBIA | N/A | 4,425,501 | |||
| AAA | 15,460 | Los Angeles Cnty. Cap. Asset Leasing | |||
| Corp. RB, 3.80%, 12/01/07, AMBAC | No Opt. Call | 15,911,896 | |||
| AA- | 4,185 | Univ. of California RB, Ltd. Proj., | |||
| Ser. B, 4.75%, 5/15/38 | 05/13 @ 101 | 4,187,427 | |||
| 71,389,492 | |||||
| Colorado0.8% | |||||
| AAA | 1,030 | Colorado Springs Utils. RB, Ser. | |||
| C, 5.00%, 11/15/45, FSA | 11/15 @ 100 | 1,049,075 | |||
| Baa2 | 1,020 | Park Creek Met. Dist. RB, Ppty. Tax, | |||
| 5.50%, 12/01/37 | 12/15 @ 101 | 1,041,563 | |||
| 2,090,638 | |||||
| Connecticut1.2% | |||||
| Baa3 | 3,000 | 4 | Mashantucket Western Pequot Tribe | ||
| RB, Ser. A, 5.50%, 9/01/28 | 09/09 @ 101 | 3,072,240 | |||
| District of Columbia2.2% | |||||
| BBB | 4,960 | Tobacco Settlement Fin. Corp. RB, | |||
| 6.50%, 5/15/33 | No Opt. Call | 5,629,005 | |||
| Florida18.6% | |||||
| NR | 2,080 | Fishhawk Cmnty. Dev. Dist. II TA, | |||
| Ser. A, 6.125%, 5/01/34 | 05/13 @ 101 | 2,166,341 | |||
| BBB+ | 2,415 | Halifax Hosp. Med. Ctr. RB, Ser. | |||
| A, 5.00%, 6/01/38 | 06/16 @ 100 | 2,411,015 | |||
| NR | 3,700 | Hillsborough Cnty. Ind. Dev. Auth. | |||
| RB, Nat. Gypsum Proj., Ser. A, 7.125%, 4/01/30 | 10/10 @ 101 | 4,028,153 | |||
| AAA | 1,215 | JEA RB, Wtr. & Swr. Sys., Ser. | |||
| A, 4.75%, 10/01/36, MBIA | 04/11 @ 100 | 1,211,063 | |||
| NR | 2,220 | Live Oak Cmnty. Dev. Dist. No. 2 | |||
| SA, Ser. A, 5.85%, 5/01/35 | 05/12 @ 101 | 2,243,799 | |||
| BB+ | 4,755 | Miami Beach Hlth. Facs. Auth. RB, | |||
| Mt. Sinai Med. Ctr. Proj., 6.75%, 11/15/21 | 11/14 @ 100 | 5,311,620 | |||
| Miami Dade Cnty., Cap. Apprec. | |||||
| RB, | |||||
| AAA | 3,380 | Ser. A, Zero Coupon, 10/01/31, | |||
| MBIA | 10/15 @ 44.051 | 931,156 | |||
| AAA | 4,225 | Ser. A, Zero Coupon, 10/01/32, | |||
| MBIA | 10/15 @ 41.782 | 1,102,979 | |||
| AAA | 4,000 | Ser. A, Zero Coupon, 10/01/33, | |||
| MBIA | 10/15 @ 39.621 | 989,360 | |||
| AAA | 4,580 | Ser. A, Zero Coupon, 10/01/34, | |||
| MBIA | 10/15 @ 37.635 | 1,076,025 | |||
| AAA | 5,000 | Ser. A, Zero Coupon, 10/01/35, | |||
| MBIA | 10/15 @ 35.678 | 1,100,100 | |||
| AAA | 10,000 | Ser. A, Zero Coupon, 10/01/36, | |||
| MBIA | 10/15 @ 33.817 | 2,095,000 | |||
| AAA | 10,000 | Ser. A, Zero Coupon, 10/01/37, | |||
| MBIA | 10/15 @ 32.047 | 1,989,200 | |||
| AAA | 7,895 | Orange Cnty. Tourist Dev. Tax RB, | |||
| 4.75%, 10/01/32, XLCA | 10/16 @ 100 | 7,926,106 | |||
| NR | 3,785 | Sumter Landing Cmnty. Dev. Dist. | |||
| RB, Ser B, 5.70%, 10/01/38 | 10/15 @ 100 | 3,785,909 | |||
| NR | 9,550 | Vlg. Cmnty. Dev. Dist. No. 6 SA, | |||
| 5.625%, 5/01/22 | 05/13 @ 100 | 9,661,544 | |||
| 48,029,370 |
1
BlackRock Investment Quality Municipal Trust (BKN) (continued)
| Principal | |||||
|---|---|---|---|---|---|
| Amount | Option Call | ||||
| Rating 1 | (000) | Description | Provisions 2 | Value | |
| Georgia4.2% | |||||
| AAA | $ 5,000 | Atlanta Arpt. Passenger Fac. RB, | |||
| Ser. J, 5.00%, 1/01/34, FSA | 01/15 @ 100 | $ 5,123,950 | |||
| AAA | 4,000 | Atlanta Wtr. & Wstwtr. RB, 5.00%, | |||
| 11/01/34, FSA | 11/14 @ 100 | 4,111,240 | |||
| BBB | 1,500 | Milledgeville & Baldwin Cnty. | |||
| Dev. Auth. RB, Georgia Coll. & St. Univ. Fndtn. Proj., | |||||
| 6.00%, 9/01/33 | 09/14 @ 101 | 1,620,210 | |||
| 10,855,400 | |||||
| Hawaii1.0% | |||||
| AAA | 2,500 | Dept. of Budget & Fin. RB, Hawaiian | |||
| Elec. Co., Inc. Proj., Ser. D, 6.15%, 1/01/20, AMBAC | 01/09 @ 101 | 2,650,925 | |||
| Illinois12.2% | |||||
| NR | 1,920 | 4 | Centerpoint Intermodal Ctr. Prog. | ||
| Trust TA, Ser. A, 8.00%, 6/15/23 | No Opt. Call | 1,925,510 | |||
| AAA | 1,040 | 3 | Chicago Brd. of Ed. Sch. Reform GO, | ||
| 5.75%, 12/01/07, AMBAC | N/A | 1,087,819 | |||
| AAA | 5,000 5 | Chicago Pub. Bldg. Comm. RB, Ser. | |||
| A, 7.00%, 1/01/20, MBIA | ETM | 6,259,250 | |||
| Fin. Auth. RB, | |||||
| BB+ | 690 | Evangelical Retirement Homes | |||
| Proj., Ser. A, 5.625%, 2/15/37 | 02/15 @ 100 | 695,147 | |||
| AA+ | 5,800 | Northwestern Mem. Hosp. Proj., | |||
| Ser. A, 5.50%, 8/15/43 | 08/14 @ 100 | 6,123,234 | |||
| Baa2 | 875 | Student Hsg., MJH Ed. Asst. | |||
| Living Proj., Ser. A, 5.125%, 6/01/35 | 06/14 @ 100 | 877,625 | |||
| Baa3 | 700 | Student Hsg., MJH Ed. Asst. | |||
| Living Proj., Ser. B, 5.375%, 6/01/35 | 06/14 @ 100 | 701,967 | |||
| AAA | 3,980 | Mun. Elec. Agcy. Pwr. Sply. RB, 4.50%, | |||
| 2/01/35, FGIC | 02/16 @ 100 | 3,819,487 | |||
| AAA | 3,540 | Chicago OHare Intl. Arpt. RB, Ser. | |||
| C-2, 5.25%, 1/01/30, FSA | 01/14 @ 100 | 3,658,272 | |||
| AAA | 6,500 | Vlg. of Bolingbrook GO, Ser. A, 4.75%, | |||
| 1/01/38, MBIA | 01/15 @ 100 | 6,478,680 | |||
| 31,626,991 | |||||
| Indiana1.1% | |||||
| AAA | 3,050 | Mun. Pwr. Agcy., Pwr. Sply. Sys. | |||
| RB, Ser. A, 4.50%, 1/01/32, AMBAC | 01/16 @ 100 | 2,933,704 | |||
| Kentucky2.7% | |||||
| AAA | 15,715 | Econ. Dev. Fin. Auth. RB, Norton | |||
| Hlth. Care, Inc. Proj., Ser. B, Zero Coupon, 10/01/23, | |||||
| MBIA | No Opt. Call | 6,951,373 | |||
| Maryland0.7% | |||||
| BBB+ | 1,740 | Hlth. & Higher Edl. Facs. Auth. | |||
| RB, Medstar Hlth. Inc. Proj., 5.50%, 8/15/33 | 08/14 @ 100 | 1,806,277 | |||
| Massachusetts1.2% | |||||
| AA | 3,075 | Wtr. Res. Auth. RB, Ser. A, 5.00%, | |||
| 8/01/41 | 08/16 @ 100 | 3,155,288 | |||
| Michigan1.6% | |||||
| AAA | 660 | Detroit Wtr. Sply. Sys. RB, Ser. | |||
| C, 5.00%, 7/01/33, FSA | 07/16 @ 100 | 681,325 | |||
| Hosp. Fin. Auth. RB, Henry Ford Hlth. | |||||
| Sys. Proj., | |||||
| A1 | 1,670 | Ser. A, 5.00%, 11/15/38 | 11/16 @ 100 | 1,684,579 | |
| A1 | 1,670 | Ser. A, 5.25%, 11/15/46 | 11/16 @ 100 | 1,715,290 | |
| 4,081,194 | |||||
| Missouri1.1% | |||||
| AAA | 2,820 | Joint Mun. Elec. Util. Comm. RB, | |||
| Plum Point Proj., 4.60%, 1/01/36, MBIA | 01/16 @ 100 | 2,819,887 | |||
| Multi-State4.7% | |||||
| Baa1 | 7,000 | 4 | Charter Mac Equity Issuer Trust, | ||
| Ser. B, 7.60%, 11/30/50 | No Opt. Call | 7,765,310 | |||
| Baa1 | 4,000 | 4 | MuniMae TE Bond Subsidiary, LLC, | ||
| Ser. B, 7.75%, 6/30/50 | No Opt. Call | 4,421,960 | |||
| 12,187,270 | |||||
| Nebraska3.0% | |||||
| Omaha Pub. Pwr. Dist. RB, Elec. Sys., | |||||
| AA | 2,765 | Ser. A, 4.75%, 2/01/44 | 02/14 @ 100 | 2,717,442 | |
| AA | 5,000 | Ser. A, 5.00%, 2/01/34 | 02/14 @ 100 | 5,141,500 | |
| 7,858,942 | |||||
| Nevada0.8% | |||||
| A+ | 2,065 | Clark Cnty. Econ. Dev. RB, Alexander | |||
| Dawson Sch. Proj., 5.00%, 5/15/29 | 05/16 @ 100 | 2,083,936 | |||
| New Jersey4.3% | |||||
| AAA | 2,000 | Delaware River Port. Auth. of PA | |||
| & NJ RB, Port Dist. Proj., Ser. B, 5.70%, 1/01/22, FSA | 01/10 @ 100 | 2,115,840 | |||
| BBB | 7,000 | Econ. Dev. Auth. RB, Cigarette Tax, | |||
| 5.75%, 6/15/29 | 06/14 @ 100 | 7,398,720 | |||
| NR | 1,510 | Middlesex Cnty. Impvt. Auth. RB Heldrich | |||
| Ctr. Hotel Proj., Ser. B, 6.25%, 1/01/37 | 01/15 @ 100 | 1,535,761 | |||
| 11,050,321 | |||||
| New York10.6% | |||||
| NR | 725 | Albany Indl. Dev. Agcy. RB, New Covenant | |||
| Charter Sch. Proj., Ser. A, 7.00%, 5/01/35 | 05/15 @ 102 | 706,432 | |||
| Dorm. Auth. RB, | |||||
| AAA | 1,865 | 3 | Univ. of Rochester Proj., Ser. | ||
| A, Zero Coupon, 7/01/21, MBIA | N/A | 1,615,202 | |||
| AAA | 2,030 | 3 | Univ. of Rochester Proj., Ser. | ||
| A, Zero Coupon, 7/01/23, MBIA | N/A | 1,758,102 |
2
BlackRock Investment Quality Municipal Trust (BKN) (continued)
| Principal | |||||
|---|---|---|---|---|---|
| Amount | Option Call | ||||
| Rating 1 | (000) | Description | Provisions 2 | Value | |
| New York(contd) | |||||
| AA- | $16,095 | Liberty Dev. Corp. RB, 5.25%, 10/01/35 | No Opt. Call | $ 17,627,244 | |
| B | 2,600 | New York City Indl. Dev. Agcy. RB, | |||
| American Airlines, JFK Intl. Arpt. Proj., 7.625%, 8/01/25 | 08/16 @ 101 | 2,994,290 | |||
| AA+ | 2,500 | New York City Mun. Wtr. Fin. Auth. | |||
| RB, Ser. D, 5.00%, 6/15/38 | 06/16 @ 100 | 2,568,475 | |||
| 27,269,745 | |||||
| North Carolina3.0% | |||||
| AAA | 5,000 | Eastn. Mun. Pwr. Agcy. RB, Ser. B, | |||
| 7.00%, 1/01/08, CAPMAC | No Opt. Call | 5,226,000 | |||
| NR | 2,425 | Gaston Cnty. Indl. Facs. Fin. Auth. | |||
| PCRB, 5.75%, 8/01/35 | 08/15 @ 100 | 2,541,327 | |||
| 7,767,327 | |||||
| Ohio7.7% | |||||
| AAA | 10,475 | Air Qual. Dev. Auth. PCRB, Dayton | |||
| Pwr. & Lt. Co. Proj., 4.80%, 1/01/34, FGIC | 07/15 @ 100 | 10,474,581 | |||
| AAA | 245 | 5 | Cuyahoga Cnty. Port Auth. RB, Port | ||
| Dev. Proj., 6.00%, 3/01/07 | ETM | 247,903 | |||
| Cuyahoga Cnty. RB, Cleveland Clinic | |||||
| Hlth. Sys. Proj., | |||||
| Aa3 | 3,485 | 6.00%, 1/01/20 | 07/13 @ 100 | 3,820,536 | |
| Aa3 | 5,000 | 6.00%, 1/01/21 | 07/13 @ 100 | 5,472,050 | |
| 20,015,070 | |||||
| Oklahoma1.2% | |||||
| B | 2,900 | Tulsa Mun. Arpt. Trust RB, Ser. A, | |||
| 7.75%, 6/01/35 | No Opt. Call | 3,201,194 | |||
| Pennsylvania5.9% | |||||
| Econ. Dev. Fin. Auth. RB, | |||||
| A3 | 2,000 | Amtrak Proj., Ser. A, 6.25%, | |||
| 11/01/31 | 05/11 @ 101 | 2,143,680 | |||
| A3 | 3,100 | Amtrak Proj., Ser. A, 6.375%, | |||
| 11/01/41 | 05/11 @ 101 | 3,336,282 | |||
| BB- | 8,235 | Exempt Facs., Reliant Energy | |||
| Conv. Proj., Ser. A, 6.75%, 12/01/36 | 12/09 @ 103 | 8,833,190 | |||
| McKeesport Area Sch. Dist. GO, | |||||
| AAA | 870 | 5 | Zero Coupon, 10/01/31, FGIC | ETM | 267,673 |
| AAA | 2,435 | Zero Coupon, 10/01/31, FGIC | No Opt. Call | 701,110 | |
| 15,281,935 | |||||
| Rhode Island0.8% | |||||
| Hlth. & Ed. Bldg. Corp. RB, Lifespan | |||||
| Proj., | |||||
| AAA | 1,800 | 3 | 5.50%, 5/15/07, MBIA | N/A | 1,860,372 |
| AAA | 200 | 5.50%, 5/15/16, MBIA | 05/07 @ 102 | 206,376 | |
| 2,066,748 | |||||
| South Carolina4.7% | |||||
| AAA | 5,000 | Hsg. Fin. & Dev. Auth. RB, Ser. | |||
| A2, 5.15%, 7/01/37, AMBAC | 07/15 @ 100 | 5,046,350 | |||
| Jobs Econ. Dev. Auth., Hosp. Facs. | |||||
| RB, Palmetto Hlth. Alliance Proj., | |||||
| BBB+ | 3,560 | 3 | 6.875%, 8/01/13 | N/A | 4,183,855 |
| BBB+ | 440 | 6.875%, 8/01/27 | 08/13 @ 100 | 499,853 | |
| BBB+ | 2,185 | Ser. A, 6.25%, 8/01/31 | 08/13 @ 100 | 2,348,547 | |
| 12,078,605 | |||||
| Tennessee2.0% | |||||
| AAA | 4,865 | Memphis Shelby Cnty. Arpt. Auth. | |||
| RB, Ser. D, 6.00%, 3/01/24, AMBAC | 03/10 @ 101 | 5,138,364 | |||
| Texas13.2% | |||||
| BBB | 1,350 | Alliance Arpt. Auth., Inc. Spl. Fac. | |||
| RB, Fedex Corp. Proj., 4.85%, 4/01/21 | 04/16 @ 100 | 1,340,118 | |||
| AAA | 6,000 | 3 | Grapevine GO, 5.875%, 8/15/10, FGIC | N/A | 6,468,420 |
| AAA | 5,000 | Harris Cnty. Houston Sports Auth. | |||
| RB, Ser. A, Zero Coupon, 11/15/38, MBIA | 11/30 @ 61.166 | 877,150 | |||
| AAA | 9,495 | La Joya Indpt. Sch. Dist. GO, 5.00%, | |||
| 2/15/34, PSF | 02/14 @ 100 | 9,667,809 | |||
| Lower Colorado River Auth. RB, | |||||
| AAA | 3,845 | 4.75%, 5/15/36, AMBAC | 05/11 @ 100 | 3,814,432 | |
| AAA | 5 | 3 | Ser. A, 5.00%, 5/15/13, MBIA | N/A | 5,331 |
| AAA | 945 | Ser. A, 5.00%, 5/15/31, MBIA | 05/13 @ 100 | 968,408 | |
| AAA | 675 | Montgomery Cnty. Mun. Util. Dist. | |||
| No. 46, Wtr. Wks. & Swr. Sys. GO, 4.75%, 3/01/30, | |||||
| MBIA | 03/14 @ 100 | 672,131 | |||
| AAA | 2,010 | Pearland GO, 4.75%, 3/01/29, FGIC | 03/16 @ 100 | 2,016,070 | |
| Tpke. Auth., Central Sys. RB, | |||||
| AAA | 3,325 | Ser. A, 5.00%, 8/15/42, AMBAC | 08/12 @ 100 | 3,376,804 | |
| AAA | 15,000 | Zero Coupon, 8/15/31, AMBAC | 08/12 @ 32.807 | 3,693,600 | |
| AA+ | 1,000 | Wtr. Fin. Asst. GO, 5.75%, 8/01/22 | 08/10 @ 100 | 1,063,630 | |
| 33,963,903 |
3
BlackRock Investment Quality Municipal Trust (BKN) (continued)
| Principal | |||||
|---|---|---|---|---|---|
| Amount | Option Call | ||||
| Rating 1 | (000) | Description | Provisions 2 | Value | |
| Utah0.8% | |||||
| AAA | $1,950 | 5 | Intermountain Pwr. Agcy. Pwr. Sply. | ||
| RB, 5.00%, 7/01/13, AMBAC | ETM | $ 1,959,419 | |||
| Virginia0.1% | |||||
| NR | 165 | Suffolk Indl. Dev. Auth. RB, Lake | |||
| Prince Ctr. Proj., 5.30%, 9/01/31 | 09/16 @ 100 | 163,419 | |||
| Washington2.6% | |||||
| King Cnty. Swr. | |||||
| AAA | 260 | GO, 5.00%, 1/01/35, FGIC | 01/15 @ 100 | 266,263 | |
| AAA | 1,420 | RB, 5.00%, 1/01/36, FSA | 01/16 @ 100 | 1,457,474 | |
| Hlth. Care Facs. Auth. RB, Providence | |||||
| Hlth. Care Svcs. Proj., | |||||
| AAA | 2,480 | 4.50%, 10/01/35, FGIC | 10/16 @ 100 | 2,382,536 | |
| AAA | 2,650 | Ser. A, 4.625%, 10/01/34, FGIC | 10/16 @ 100 | 2,598,696 | |
| 6,704,969 | |||||
| Wisconsin1.4% | |||||
| A- | 3,220 | Hlth. & Edl. Facs. Auth. RB, | |||
| Aurora Hlth. Care Proj., 6.40%, 4/15/33 | 04/13 @ 100 | 3,539,005 | |||
| Total Long-Term Investments (cost | |||||
| $370,763,193) | 388,236,021 | ||||
| SHORT-TERM INVESTMENTS4.4% | |||||
| Georgia0.8% | |||||
| A-1+ | 1,990 | 6 | Atlanta Wtr. & Wstwtr. RB, Ser. | ||
| C, 3.68%, 8/01/06, FSA, FRDD | N/A | 1,990,000 | |||
| Ohio0.4% | |||||
| A-1 | 1,000 | 6 | Kent St. Univ. RB, 3.64%, 8/02/06, | ||
| MBIA, FRWD | N/A | 1,000,000 | |||
| Puerto Rico0.1% | |||||
| A-1+ | 400 | 6 | Govt. Dev. Bank RB, 3.53%, | ||
| 8/02/06, MBIA, FRWD | N/A | 400,000 | |||
| Shares | |||||
| (000) | |||||
| Money Market Fund3.1% | |||||
| NR | 7,950 | AIM Tax Free Investment Co. Cash | |||
| Reserve Portfolio | N/A | 7,950,000 | |||
| Total Short-Term Investments (cost | |||||
| $11,340,000) | 11,340,000 | ||||
| Total Investments154.7% | |||||
| (cost $382,103,193 7 ) | $ 399,576,021 | ||||
| Other assets in excess of liabilities2.1% | 5,329,836 | ||||
| Preferred shares at redemption value, | |||||
| including dividends payable(56.8)% | (146,721,338) | ||||
| Net Assets100% | $ 258,184,519 |
| 1 | Using the highest of Standard &
Poors, Moodys Investment Services or Fitchs 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 July 31,
2006, the Trust held 4.9% of its net assets, with a current market value of $12,763,060,
in securities restricted as to resale. |
| 5 | Security is collateralized by Municipal
or U.S. Treasury obligations. |
| 6 | 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 July 31, 2006. |
| 7 | Cost for Federal income tax purposes
is $381,440,930. The net unrealized appreciation on a tax basis is $18,135,091,
consisting of $18,855,377 gross unrealized appreciation and $720,286 gross unrealized
depreciation. |
| KEY TO ABBREVIATIONS — AMBAC | | American Municipal Bond Assurance
Corp. | MBIA | | Municipal Bond Insurance Assoc. |
| --- | --- | --- | --- | --- | --- |
| CAPMAC | | Capital Markets Assurance Co. | PCRB | | Pollution Control Revenue Bond |
| ETM | | Escrowed to Maturity | PSF | | Public School Fund |
| FGIC | | Financial Guaranty Insurance
Co. | RB | | Revenue Bond |
| FRDD | | Floating Rate Daily Demand | SA | | Special Assessment |
| FRWD | | Floating Rate Weekly Demand | SO | | Special Obligation |
| FSA | | Financial Security Assurance | TA | | Tax Allocation |
| GO | | General Obligation | XLCA | | XL Capital Assurance |
4
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/ Henry Gabbay Name: Henry Gabbay Title: Treasurer and Principal Financial Officer Date: September 27, 2006
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: September 27, 2006
By: /s/ Henry Gabbay Name: Henry Gabbay Title: Treasurer and Principal Financial Officer Date: September 27, 2006
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