We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Blackrock New Jersey Investment Quality Municipal Trust Inc. | AMEX:RNJ | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
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 811-07670
Name of Fund: BlackRock New Jersey Investment Quality Municipal Trust, Inc. (RNJ)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock New Jersey Investment Quality Municipal Trust, Inc., 55 East 52 nd Street, New York, NY 10055
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 07/31/2012
Date of reporting period: 10/31/2011
Item 1 – Schedule of Investments
|
|
|
|
Schedule of Investments October 31, 2011 (Unaudited) |
BlackRock New Jersey Investment Quality Municipal Trust Inc. (RNJ) |
(Percentages shown are based on Net Assets ) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par
|
|
Value |
|
||
New Jersey 139.4% |
|
|
|
|
|
|
|
Corporate 15.1% |
|
|
|
|
|
|
|
New Jersey EDA, RB, AMT (a): |
|
|
|
|
|
|
|
Continental
Airlines, Inc.
|
|
$ |
925 |
|
$ |
924,852 |
|
Disposal
Waste Management
|
|
|
500 |
|
|
537,600 |
|
New Jersey EDA, Refunding RB, New
|
|
|
175 |
|
|
183,176 |
|
Salem County Utilities Authority,
|
|
|
300 |
|
|
310,281 |
|
|
|
|
|
|
|
1,955,909 |
|
County/City/Special District/School District 18.8% |
|
|
|
|
|
|
|
City of Margate City New Jersey, GO,
|
|
|
125 |
|
|
135,240 |
|
City of Perth Amboy New Jersey, GO,
|
|
|
100 |
|
|
99,781 |
|
Essex County Improvement Authority,
|
|
|
|
|
|
|
|
5.00%, 11/01/20 |
|
|
190 |
|
|
200,173 |
|
6.00%, 11/01/30 |
|
|
275 |
|
|
297,220 |
|
Essex County Improvement Authority,
|
|
|
|
|
|
|
|
5.50%, 10/01/28 |
|
|
300 |
|
|
350,469 |
|
5.50%, 10/01/29 |
|
|
260 |
|
|
301,891 |
|
Hudson County Improvement Authority,
|
|
|
|
|
|
|
|
CAB,
Series A-1 (NPFGC), 4.52%,
|
|
|
1,000 |
|
|
288,240 |
|
Harrison
Parking Facility Project,
|
|
|
340 |
|
|
364,483 |
|
Middlesex County Improvement
|
|
|
200 |
|
|
17,998 |
|
Newark Housing Authority, RB, South
|
|
|
200 |
|
|
233,150 |
|
State of New Jersey, COP, Equipment
|
|
|
150 |
|
|
155,594 |
|
|
|
|
|
|
|
2,444,239 |
|
|
|||||||
Municipal Bonds |
|
Par
|
|
Value |
|
||
New Jersey (continued) |
|
|
|
|
|
|
|
Education 28.8% |
|
|
|
|
|
|
|
New Jersey EDA, RB, School Facilities
|
|
|
|
|
|
|
|
Series CC-2, 5.00%, 12/15/31 |
|
$ |
200 |
|
$ |
207,942 |
|
Series CC-2, 5.00%, 12/15/32 |
|
|
200 |
|
|
207,216 |
|
Series S, 5.00%, 9/01/36 |
|
|
200 |
|
|
205,688 |
|
Series Y, 5.00%, 9/01/33 |
|
|
400 |
|
|
410,680 |
|
New Jersey EDA, Refunding RB, School
|
|
|
255 |
|
|
274,260 |
|
New Jersey Educational Facilities
|
|
|
|
|
|
|
|
Montclair
State University,
|
|
|
100 |
|
|
104,977 |
|
Refunding
Kean University,
|
|
|
240 |
|
|
258,305 |
|
New Jersey Educational Facilities
|
|
|
|
|
|
|
|
Georgian
Court University,
|
|
|
100 |
|
|
97,158 |
|
New
Jersey Institute of
|
|
|
80 |
|
|
83,218 |
|
Rowan
University, Series B (AGC),
|
|
|
255 |
|
|
277,399 |
|
University
of Medicine &
|
|
|
175 |
|
|
203,401 |
|
New Jersey Higher Education Assistance
|
|
|
|
|
|
|
|
5.00%, 12/01/25 |
|
|
65 |
|
|
67,090 |
|
5.00%, 12/01/26 |
|
|
50 |
|
|
51,472 |
|
5.13%, 12/01/27 |
|
|
200 |
|
|
208,110 |
|
5.25%, 12/01/32 |
|
|
300 |
|
|
309,960 |
|
New Jersey Higher Education Student
|
|
|
240 |
|
|
246,267 |
|
Rutgers-State University of New Jersey,
|
|
|
500 |
|
|
530,130 |
|
|
|
|
|
|
|
3,743,273 |
|
Health 20.3% |
|
|
|
|
|
|
|
Burlington County Bridge Commission,
|
|
|
150 |
|
|
126,488 |
|
New Jersey EDA, RB, First Mortgage,
|
|
|
|
|
|
|
|
5.75%, 1/01/25 |
|
|
60 |
|
|
55,454 |
|
5.88%, 1/01/37 |
|
|
110 |
|
|
95,206 |
|
|
Portfolio Abbreviations |
To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list:
|
|
AGC |
Assured Guaranty Corp. |
AGM |
Assured Guaranty Municipal Corp. |
AMBAC |
American Municipal Bond Assurance Corp. |
AMT |
Alternative Minimum Tax (subject to) |
CAB |
Capital Appreciation Bonds |
COP |
Certificates of Participation |
EDA |
Economic Development Authority |
GO |
General Obligation Bonds |
NPFGC |
National Public Finance Guarantee Corp. |
RB |
Revenue Bonds |
S/F |
Single-Family |
|
|
|
|
|
|
|
|
|
BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. |
OCTOBER 31, 2011 |
1 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock New Jersey Investment Quality Municipal Trust Inc. (RNJ) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par
|
|
Value |
|
||
New Jersey (continued) |
|
|
|
|
|
|
|
Health (concluded) |
|
|
|
|
|
|
|
New Jersey EDA, Refunding RB: |
|
|
|
|
|
|
|
First
Mortgage, Winchester,
|
|
$ |
500 |
|
$ |
492,675 |
|
Seabrook
Village Inc. Facility,
|
|
|
140 |
|
|
123,361 |
|
New Jersey Health Care Facilities
|
|
|
|
|
|
|
|
AHS
Hospital Corp., 6.00%,
|
|
|
230 |
|
|
251,130 |
|
Hospital
Asset Transformation
|
|
|
250 |
|
|
253,897 |
|
Meridian
Health, Series I (AGC),
|
|
|
100 |
|
|
101,408 |
|
Virtua
Health (AGC), 5.50%,
|
|
|
150 |
|
|
157,148 |
|
New Jersey Health Care Facilities
|
|
|
|
|
|
|
|
Barnabas
Health, Series A,
|
|
|
70 |
|
|
69,782 |
|
Barnabas
Health, Series A,
|
|
|
190 |
|
|
188,581 |
|
CAB,
St. Barnabas Health,
|
|
|
500 |
|
|
152,570 |
|
CAB,
St. Barnabas Health,
|
|
|
840 |
|
|
167,051 |
|
CAB,
St. Barnabas Health,
|
|
|
900 |
|
|
167,265 |
|
St.
Barnabas Health Care
|
|
|
250 |
|
|
238,412 |
|
|
|
|
|
|
|
2,640,428 |
|
Housing 11.5% |
|
|
|
|
|
|
|
New Jersey State Housing & Mortgage
|
|
|
|
|
|
|
|
S/F
Housing, Series CC,
|
|
|
210 |
|
|
213,897 |
|
S/F
Housing, Series X, AMT,
|
|
|
500 |
|
|
511,840 |
|
S/F
Housing, Series X, AMT,
|
|
|
215 |
|
|
225,720 |
|
Series A, 4.75%, 11/01/29 |
|
|
140 |
|
|
141,739 |
|
Series AA, 6.38%, 10/01/28 |
|
|
235 |
|
|
260,845 |
|
Series AA, 6.50%, 10/01/38 |
|
|
125 |
|
|
135,624 |
|
|
|
|
|
|
|
1,489,665 |
|
State 20.1% |
|
|
|
|
|
|
|
New Jersey EDA, RB: |
|
|
|
|
|
|
|
Motor
Vehicle Surcharge, Series A
|
|
|
300 |
|
|
330,525 |
|
Motor
Vehicle Surcharge, Series A
|
|
|
570 |
|
|
622,400 |
|
|
|||||||
Municipal Bonds |
|
Par
|
|
Value |
|
||
New Jersey (continued) |
|
|
|
|
|
|
|
State (concluded) |
|
|
|
|
|
|
|
New Jersey EDA, RB (concluded): |
|
|
|
|
|
|
|
Newark
Downtown District
|
|
$ |
100 |
|
$ |
91,169 |
|
School
Facilities Construction,
|
|
|
500 |
|
|
534,865 |
|
School
Facilities Construction,
|
|
|
300 |
|
|
330,408 |
|
New Jersey EDA, Refunding RB: |
|
|
|
|
|
|
|
New
Jersey American Water
|
|
|
150 |
|
|
158,724 |
|
School
Facilities Construction,
|
|
|
200 |
|
|
215,582 |
|
School
Facilities Construction,
|
|
|
100 |
|
|
112,341 |
|
New Jersey Transportation Trust Fund
|
|
|
100 |
|
|
109,591 |
|
State of New Jersey, COP, Equipment
|
|
|
100 |
|
|
104,330 |
|
|
|
|
|
|
|
2,609,935 |
|
Tobacco 1.0% |
|
|
|
|
|
|
|
Tobacco Settlement Financing
|
|
|
170 |
|
|
127,498 |
|
Transportation 23.8% |
|
|
|
|
|
|
|
Delaware River Port Authority of
|
|
|
|
|
|
|
|
Port
District Project, Series B (AGM),
|
|
|
400 |
|
|
400,740 |
|
Series D, 5.00%, 1/01/40 |
|
|
95 |
|
|
97,818 |
|
New Jersey State Turnpike Authority, RB,
|
|
|
300 |
|
|
315,888 |
|
New Jersey State Turnpike Authority,
|
|
|
|
|
|
|
|
Series C, 6.50%, 1/01/16 |
|
|
160 |
|
|
188,360 |
|
Series C, 6.50%, 1/01/16 (g) |
|
|
235 |
|
|
260,375 |
|
Series
C-2005, 6.50%,
|
|
|
55 |
|
|
66,962 |
|
New Jersey Transportation Trust Fund
|
|
|
|
|
|
|
|
6.00%, 12/15/38 |
|
|
100 |
|
|
111,171 |
|
Series A, 6.00%, 6/15/35 |
|
|
450 |
|
|
516,622 |
|
Series A, 5.88%, 12/15/38 |
|
|
175 |
|
|
192,987 |
|
Port Authority of New York & New Jersey,
|
|
|
170 |
|
|
177,772 |
|
Port Authority of New York & New Jersey,
|
|
|
250 |
|
|
275,100 |
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. |
OCTOBER 31, 2011 |
2 |
|
|
|
|
Schedule of Investments (continued) |
BlackRock New Jersey Investment Quality Municipal Trust Inc. (RNJ) |
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par
|
|
Value |
|
||
New Jersey (concluded) |
|
|
|
|
|
|
|
Transportation (concluded) |
|
|
|
|
|
|
|
South Jersey Transportation Authority,
|
|
$ |
490 |
|
$ |
478,745 |
|
|
|
|
|
|
|
3,082,540 |
|
Total Municipal Bonds in New Jersey |
|
|
|
|
|
18,093,487 |
|
|
|
|
|
|
|
|
|
Puerto Rico 11.6% |
|
|
|
|
|
|
|
County/City/Special District/School District 3.8% |
|
|
|
|
|
|
|
Puerto Rico Sales Tax Financing Corp.,
|
|
|
250 |
|
|
269,540 |
|
Puerto Rico Sales Tax Financing Corp.,
|
|
|
205 |
|
|
222,696 |
|
|
|
|
|
|
|
492,236 |
|
State 5.0% |
|
|
|
|
|
|
|
Puerto Rico Sales Tax Financing Corp.,
|
|
|
365 |
|
|
382,618 |
|
Puerto Rico Highway & Transportation
|
|
|
205 |
|
|
271,723 |
|
|
|
|
|
|
|
654,341 |
|
Utilities 2.8% |
|
|
|
|
|
|
|
Puerto Rico Electric Power Authority, RB,
|
|
|
350 |
|
|
357,206 |
|
Total Municipal Bonds in Puerto Rico |
|
|
|
|
|
1,503,783 |
|
Total Municipal Bonds 151.0% |
|
|
|
|
|
19,597,270 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to
Tender
|
|
|
|
|
|
|
|
New Jersey 1.9% |
|
|
|
|
|
|
|
Transportation 1.9% |
|
|
|
|
|
|
|
Port Authority of New York & New Jersey,
|
|
|
240 |
|
|
251,757 |
|
Total
Municipal Bonds Transferred to
|
|
|
|
|
|
251,757 |
|
Total
Long-Term Investments
|
|
|
|
|
|
19,849,027 |
|
|
|
|
|
|
|
|
|
Short-Term Securities |
|
Shares |
|
Value |
|
||
BIF New Jersey Municipal Money
|
|
|
210,588 |
|
$ |
210,588 |
|
Total
Short-Term Securities
|
|
|
|
|
|
210,588 |
|
Total Investments (Cost - $19,734,233*) 154.5% |
|
|
|
|
|
20,059,615 |
|
Liabilities in Excess of Other Assets (0.1)% |
|
|
|
|
|
(16,616 |
) |
Liability
for TOB Trust Certificates, Including Interest
|
|
|
|
|
|
(160,098 |
) |
AMPS, at Redemption Value (53.2)% |
|
|
|
|
|
(6,900,259 |
) |
Net Assets Applicable to Common Shares 100.0% |
|
|
|
|
$ |
12,982,642 |
|
|
|
* |
The cost and unrealized appreciation (depreciation) of investments as of October 31, 2011, as computed for federal income tax purposes, were as follows: |
|
|
|
|
|
Aggregate cost |
|
$ |
19,565,458 |
|
Gross unrealized appreciation |
|
$ |
834,638 |
|
Gross unrealized depreciation |
|
|
(500,398 |
) |
Net unrealized appreciation |
|
$ |
334,240 |
|
|
|
(a) |
Variable rate security. Rate shown is as of report date. |
|
|
(b) |
Represents a step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate shown is as of report date. |
|
|
(c) |
Represents a zero-coupon bond. Rate shown reflects the current yield as of report date. |
|
|
(d) |
Issuer filed for bankruptcy and/or is in default of interest payments. |
|
|
(e) |
Non-income producing security. |
|
|
(f) |
When-issued security. Unsettled when-issued transactions were as follows: |
|
|
|
|
|
|
|
|
|
|
Counterparty |
|
Value |
|
Unrealized
|
|
||
|
JPMorgan Chase Bank NA |
|
$ |
258,363 |
|
$ |
2,182 |
|
|
|
(g) |
Security is collateralized by Municipal or US Treasury obligations. |
|
|
(h) |
Securities represent bonds transferred to a TOB in exchange for which the Trust acquired residual interest certificates. These securities serve as collateral in a financing transaction. |
|
|
(i) |
Investments in companies considered to be an affiliate of the Trust during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate |
|
Shares
|
|
Net
|
|
Shares
|
|
Income |
|
||||
BIF New Jersey
|
|
|
209,983 |
|
|
605 |
|
|
210,588 |
|
$ |
15 |
|
|
|
(j) |
Represents the current yield as of report date. |
|
|
|
|
|
|
|
|
|
BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. |
OCTOBER 31, 2011 |
3 |
|
|
|
|
Schedule of Investments (concluded) |
BlackRock New Jersey Investment Quality Municipal Trust Inc. (RNJ ) |
|
|
|
|
For Trust compliance purposes, the Trusts sector classifications refer to any one or more of the sector sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Trust management. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease. |
|
|
|
|
|
Fair Value Measurements - Various inputs are used in determining the fair value of investments. These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: |
|
|
|
|
|
|
Level 1 unadjusted price quotations in active markets/exchanges for identical assets and liabilities |
|
|
|
|
|
Level 2 other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) |
|
||
|
|
Level 3 unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trusts own assumptions used in determining the fair value of investments) |
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The categorization of a value determined for investments is based on the pricing transparency of the investment and does not necessarily correspond to the Trusts perceived risk of investing in those securities. For information about the Trusts policy regarding valuation of investments and other significant accounting policies, please refer to the Trusts most recent financial statements as contained in its annual report.
The following table summarizes the inputs used as of October 31, 2011 in determining the fair valuation of the Trusts investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Valuation Inputs |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
||||
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-Term
|
|
|
|
|
$ |
19,849,027 |
|
|
|
|
$ |
19,849,027 |
|
Short-Term
|
|
$ |
210,588 |
|
|
|
|
|
|
|
|
210,588 |
|
Total |
|
$ |
210,588 |
|
$ |
19,849,027 |
|
|
|
|
$ |
20,059,615 |
|
|
|
1 |
See above Schedule of Investments for values in each sector. |
|
|
|
|
|
|
|
|
|
BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. |
OCTOBER 31, 2011 |
4 |
Item 2 – |
Controls and Procedures |
||
|
|
||
2(a) – |
The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the ″1940 Act″)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. |
||
|
|
||
2(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) 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 |
||
|
|
||
|
Certifications – Attached hereto |
||
|
|
||
|
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. |
||
|
|
||
|
BlackRock New Jersey Investment Quality Municipal Trust, Inc. |
||
|
|
||
|
By: | /s/ John M. Perlowski |
|
|
|
John M. Perlowski |
|
|
|
Chief Executive Officer (principal executive officer) of |
|
|
|
BlackRock New Jersey Investment Quality Municipal Trust, Inc. |
|
|
|
||
|
Date: December 21, 2011 |
||
|
|
||
|
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/ John M. Perlowski |
|
|
|
John M. Perlowski |
|
|
|
Chief Executive Officer (principal executive officer) of |
|
|
|
BlackRock New Jersey Investment Quality Municipal Trust, Inc. |
|
|
|
||
|
Date: December 21, 2011 |
||
|
|
||
|
By: | /s/ Neal J. Andrews |
|
|
|
Neal J. Andrews |
|
|
|
Chief Financial Officer (principal financial officer) of |
|
|
|
BlackRock New Jersey Investment Quality Municipal Trust, Inc. |
|
|
|
|
|
|
Date: December 21, 2011 |
1 Year Black Rock NJ Invest Chart |
1 Month Black Rock NJ Invest Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions