[SCHEDULE 13D/A] BlackRock New York Municipal Income Trust SEC Filing

Rhea-AI Filing Summary

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

Positive

• 6.95 % stake by Saba Capital increases institutional ownership and could enhance governance scrutiny.

Negative

• None.

Insights

Securities Analyst

TL;DR – 6.95 % stake disclosed; meaningful holding, no stated activism, market impact neutral until future actions emerge.

The amendment confirms that Saba-affiliated entities and Boaz Weinstein jointly control nearly 7 % of BlackRock New York Municipal Income Trust. Crossing the 5 % threshold and updating to 6.95 % is material, obligating public disclosure, but the filers expressly note “Purpose of Transaction: Not Applicable,” offering no insight into strategic intentions. All voting and dispositive power is shared, suggesting coordinated management across funds rather than a personal position. The $16.8 million cost base is modest relative to the trust’s market capitalization, yet sufficient to influence shareholder votes on routine matters. Because no corporate action is proposed and the amendment only refreshes share counts and recent trade data, the immediate valuation effect should be neutral; however, investors may monitor subsequent filings for potential activism typical of large 13D holders.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 9)

BlackRock New York Municipal Income Trust

(Name of Issuer)

Common Shares, $0.001 par value

(Title of Class of Securities)

09248L106

(CUSIP Number)

Saba Capital Management, L.P.
405 Lexington Avenue, 58th Floor, Attention: Michael D'Angelo
New York, NY, 10174
(212) 542-4635

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/23/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 09248L106

1

Name of reporting person

Saba Capital Management, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,675,576.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,675,576.00

11

Aggregate amount beneficially owned by each reporting person

1,675,576.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.95 %

14

Type of Reporting Person (See Instructions)

PN, IA

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 24,117,105 Common Shares outstanding as of 5/19/25, as disclosed in the Issuer's DEF 14A filed 5/22/25.

SCHEDULE 13D

CUSIP No. 09248L106

1

Name of reporting person

Boaz R. Weinstein

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,675,576.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,675,576.00

11

Aggregate amount beneficially owned by each reporting person

1,675,576.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.95 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 24,117,105 Common Shares outstanding as of 5/19/25, as disclosed in the Issuer's DEF 14A filed 5/22/25.

SCHEDULE 13D

CUSIP No. 09248L106

1

Name of reporting person

Saba Capital Management GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,675,576.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,675,576.00

11

Aggregate amount beneficially owned by each reporting person

1,675,576.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.95 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 24,117,105 Common Shares outstanding as of 5/19/25, as disclosed in the Issuer's DEF 14A filed 5/22/25.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, $0.001 par value
(b)	Name of Issuer: BlackRock New York Municipal Income Trust
(c)	Address of Issuer's Principal Executive Offices: 100 Bellevue Parkway, Wilmington, DELAWARE , 19809.
Item 1 Comment: This Amendment No. 9 amends Items 3, 5, and 7.
Item 2.	Identity and Background
(a)	This Schedule 13D/A is being jointly filed by: (i) Saba Capital Management, L.P., a Delaware limited partnership ("Saba Capital"); (ii) Saba Capital Management GP, LLC, a Delaware limited liability company ("Saba GP"); and (iii) Mr. Boaz R. Weinstein ("Mr. Weinstein"), (together, the "Reporting Persons"). Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this statement should not be construed as an admission that any Reporting Person is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the Common Shares reported herein.
(b)	The address of the business office of each of the Reporting Persons is 405 Lexington Avenue, 58th Floor, New York, New York 10174.
(c)	The principal business of: (i) Saba Capital is to serve as investment manager to private and public investment funds and/or accounts, (ii) Saba GP is to serve as general partner of the Saba Capital and other affiliated entities, and (iii) Mr. Weinstein, an individual, is managing member of the general partner of Saba Capital and other affiliated entities.
(d)	The Reporting Persons have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	The Reporting Persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.
(f)	Saba Capital is organized as a limited partnership under the laws of the State of Delaware. Saba GP is organized as a limited liability company under the laws of the State of Delaware. Mr. Weinstein is a citizen of the United States.
Item 3.	Source and Amount of Funds or Other Consideration
	Funds for the purchase of the Common Shares were derived from the subscription proceeds from investors and the capital appreciation thereon and margin account borrowings made in the ordinary course of business. In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time. Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Shares reported herein. A total of approximately $16,787,163 was paid to acquire the Common Shares reported herein.
Item 4.	Purpose of Transaction
	Not Applicable.
Item 5.	Interest in Securities of the Issuer
(a)	See the Reporting Persons section of this Schedule 13D/A for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons. The percentages used herein are calculated based upon 24,117,105 Common Shares outstanding as of 5/19/25, as disclosed in the Issuer's DEF 14A filed 5/22/25.
(b)	See the Reporting Persons section of this Schedule 13D/A for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	The transactions in the Common Shares effected by the Reporting Persons within the past sixty days prior to 7/23/25, the date of the event which required filing of this Schedule 13D/A, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference.
(d)	The funds and accounts advised by Saba Capital have the right to receive the dividends and proceeds of sales from the Common Shares.
(e)	Not Applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 7 - Schedule A

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Saba Capital Management, L.P.

Signature:	/s/ Michael D'Angelo
Name/Title:	General Counsel
Date:	07/25/2025

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	07/25/2025

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	07/25/2025

Comments accompanying signature:

Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823

FAQ

How many BlackRock New York Municipal Income Trust (BNY) shares does Saba Capital own?

The filing shows 1,675,576 common shares are beneficially owned.

What percentage of BNY’s outstanding shares is represented by Saba Capital’s holding?

The stake equals 6.95 % of the 24,117,105 shares outstanding as of 19 May 2025.

How much capital was spent to acquire the disclosed position?

Approximately $16.8 million in investor funds and margin borrowings funded the purchases.

Does the 13D/A indicate any specific plans or activist intentions?

No. Item 4 states “Purpose of Transaction: Not Applicable,” providing no strategic agenda.

When was the triggering event for this Schedule 13D amendment?

The event date is 23 July 2025; signatures are dated 25 July 2025.