The formally isoelectronic alkyne, iminoquinone, and benzoquinone ligands can all exhibit significant metal−ligand π bonding. Condensation of 2,6-bis(triisopropylsilylethynyl)aniline with 3,5-di-tert-butyl-1,2-benzoquinone affords a ligand with two such moieties, the alkyne-containing iminoquinone Tipsi. All three groups are installed around a single iridium center by successive treatment of [(coe) 2 IrCl] 2 with Tipsi and 3,5-di-tert-butyl-1,2benzoquinone to give (κ 2 ,η 2 -Tipsi)(3,5-t Bu 2 Cat)IrCl in two isomeric forms with cis iminoxolene and dioxolene groups and a bound alkyne. Structural, spectroscopic, and computational data indicate that the dioxolene and especially the iminoxolene are strongly engaged in π bonding but that the alkyne is not an effective π donor or acceptor. Pyridine displaces the bound alkyne in (κ 2 ,η 2 -Tipsi)(3,5-t Bu 2 Cat)IrCl to give two isomers of (κ 2 -Tipsi)(3,5-t Bu 2 Cat)Ir(py)Cl, both with the iminoxolene and dioxolene trans to each other. The reaction rates and modest stereospecificity of the dissociative substitution reaction are consistent with a mechanism with competitive, stereochemically distinct, pathways for forming square pyramidal intermediates, which rapidly isomerize to the trans isomer before irreversible trapping by pyridine. The five-coordinate intermediates funnel down to the trans isomer because it is stabilized by an additional metal−ligand π interaction that is not possible in the cis isomers.