How was the BNY share exchange calculated in the reorganization?

The exchange used each fund’s net asset value and a specific conversion ratio. As of February 6, 2026, the target fund’s NAV per share was $11.1056, the acquiring fund’s NAV per share was $10.8726, and the conversion ratio for the target fund’s common shares was 1.02143002.

Glenn R. Hubbard’s BNY fund shares swapped in BlackRock reorganization (NYSE: BNY)

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BlackRock New York Municipal Income Trust director Glenn R. Hubbard reported an "other" share transaction tied to a fund reorganization. On February 9, 2026, his 889 common shares of the trust were exchanged, leaving him with 0 shares beneficially owned in this fund.

According to the explanation, the trust was reorganized into BlackRock MuniYield New York Quality Fund. In that reorganization, Hubbard received 908 common shares of the acquiring fund (plus cash for any fractional shares) in exchange for his 889 shares of the target fund, based on each fund’s net asset value.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HUBBARD ROBERT GLENN

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	889	$0.00	$0.00

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (1)

F1. Effective as of February 9, 2026 BlackRock New York Municipal Income Trust (the "Target Fund") was reorganized into BlackRock MuniYield New York Quality Fund (the "Acquiring Fund"). In the reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on February 6, 2026, less the costs of the reorganization. As of February 6, 2026, the Target Fund reported a NAV per share of $11.1056 and the Acquiring Fund reported a NAV per share of $10.8726. The conversion ratio for the Target Fund's common shares was 1.02143002. In the reorganization, Glenn R Hubbard received 908 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 889 common shares of the Target Fund.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/11/2026 - 06:22 PM

FAQ

What insider transaction did BNY director Glenn R. Hubbard report?

Glenn R. Hubbard reported an "other" transaction involving 889 common shares of BlackRock New York Municipal Income Trust. Those shares were exchanged in a fund reorganization, leaving him with 0 common shares beneficially owned in this particular trust after the transaction.

How many BNY shares were involved in Glenn R. Hubbard’s Form 4 filing?

The Form 4 shows 889 common shares of BlackRock New York Municipal Income Trust involved in the transaction. These shares were part of a reorganization into another BlackRock closed-end fund, rather than a traditional open-market purchase or sale by the reporting director.

Was Glenn R. Hubbard’s BNY transaction a buy or sell of shares?

The transaction was classified under code J as "other acquisition or disposition," not a standard buy or sell. His 889 BNY common shares were exchanged in a reorganization for shares of BlackRock MuniYield New York Quality Fund, with no stated cash price per share.

What did Glenn R. Hubbard receive in the BNY fund reorganization?

In the reorganization, Hubbard received 908 common shares of BlackRock MuniYield New York Quality Fund. These were issued in exchange for his 889 common shares of BlackRock New York Municipal Income Trust, with additional cash paid only for any fractional share amounts, if applicable.

What is Glenn R. Hubbard’s BNY shareholding after this Form 4 event?

After the reported transaction, Hubbard beneficially owned 0 common shares of BlackRock New York Municipal Income Trust. His economic exposure shifted to 908 common shares of BlackRock MuniYield New York Quality Fund, received as part of the completed fund reorganization transaction.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HUBBARD ROBERT GLENN

(Last)

(First)

(Middle)

50 HUDSON YARDS

(Street)

NEW YORK

10001

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST [ BNY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/09/2026		J⁽¹⁾		889	D	⁽¹⁾	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Effective as of February 9, 2026 BlackRock New York Municipal Income Trust (the "Target Fund") was reorganized into BlackRock MuniYield New York Quality Fund (the "Acquiring Fund"). In the reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on February 6, 2026, less the costs of the reorganization. As of February 6, 2026, the Target Fund reported a NAV per share of $11.1056 and the Acquiring Fund reported a NAV per share of $10.8726. The conversion ratio for the Target Fund's common shares was 1.02143002. In the reorganization, Glenn R Hubbard received 908 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 889 common shares of the Target Fund.

	/s/ Gladys Chang as Attorney-in-Fact	02/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR