Welcome to our dedicated page for BlackRock NY Municipal Income SEC filings (Ticker: BNY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
blackrock's business is investing on behalf of our clients, from large institutions to parents and grandparents, doctors and teachers who entrust their savings to us. we work only for our clients—period. our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future. that's why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and it’s why companies, institutions and global governments come to us for help meeting their biggest financial challenges. important disclosures: http://www.blackrock.com/corporate/en-us/compliance/social-media-guidelinesSaba Capital Management, L.P., Saba Capital Management GP, LLC and Boaz R. Weinstein amended a Schedule 13D for BlackRock New York Municipal Income Trust to report an aggregate holding of 1,394,517 common shares, representing 5.78% of the 24,117,105 shares outstanding (per the issuer's DEF 14A). The amendment (No. 10) updates Items 3, 5 and 7 and discloses that approximately $13,971,306 was paid for the reported shares. The reporting persons state shared voting and dispositive power over the shares and note funds advising by Saba Capital have the right to receive dividends and sale proceeds. Funds used include investor subscriptions, capital appreciation and margin borrowings.
BlackRock proposes to merge two target closed-end municipal bond funds, MHN and BNY, into BlackRock MuniYield New York Quality Fund (MYN). Preferred shareholders of each Fund will vote at a virtual Special Meeting on October 15, 2025, and the transactions are expected to close in the fourth quarter of 2025 if requisite shareholder approvals, liquidity-provider consents and other closing conditions are satisfied.
The Boards unanimously recommend the mergers, which are intended to create a larger Combined Fund managed by the same BlackRock team to achieve economies of scale, lower net total expenses, improved net earnings yield and improved secondary-market trading. Target Fund VRDP Shares will convert one-for-one into newly issued MYN VRDP Shares. The Acquiring Fund expects to issue 1,720 VRDP Shares to MHN holders and 1,320 VRDP Shares to BNY holders, producing a pro forma 5,050 VRDP Shares if none are redeemed. Each merger is intended to qualify as a tax-free reorganization under Section 368(a). Estimated merger expenses are $322,000 for MHN, $367,000 for BNY and $307,000 for MYN.
Amendment No. 9 to Schedule 13D reports that Saba Capital Management, L.P., Saba Capital Management GP, LLC and Boaz R. Weinstein (the “Reporting Persons”) now beneficially own 1,675,576 common shares of BlackRock New York Municipal Income Trust (CUSIP 09248L106), equal to 6.95 % of the fund’s 24,117,105 outstanding shares as of 19 May 2025. All voting and dispositive authority is shared; no sole authority is claimed by any single filer. The position was accumulated with approximately $16.8 million of investor capital and ordinary-course margin borrowings.
The filing updates Items 3 (Source of Funds), 5 (Interest in Securities) and 7 (Exhibits). “Purpose of Transaction” remains “Not Applicable,” and no specific corporate actions are proposed. Schedule A, incorporated by reference, details open-market trades executed within the 60 days preceding the 23 July 2025 trigger date. Signature pages are dated 25 July 2025 and executed by General Counsel Michael D’Angelo on behalf of the Reporting Persons.
- Filing type: Schedule 13D/A
- Stake size: 1.68 M shares
- Ownership percentage: 6.95 %
- Average cost: $16.8 M
- Business address: 405 Lexington Ave., 58th Fl., New York, NY 10174
FAQ
What is the current stock price of BlackRock NY Municipal Income (BNY)?
What is the market cap of BlackRock NY Municipal Income (BNY)?
