Form 4: HUBBARD ROBERT GLENN reports multiple insider transactions in MYN
Rhea-AI Filing Summary
HUBBARD ROBERT GLENN reported multiple insider transaction types in a Form 4 filing for MYN. The filing lists transactions totaling 908 shares. Following the reported transactions, holdings were 908 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HUBBARD ROBERT GLENN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 908 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 908 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, Inc. (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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FAQ
What insider transaction did MYN director Robert Glenn Hubbard report?
Robert Glenn Hubbard reported receiving 908 common shares of BlackRock MuniYield New York Quality Fund, Inc. This came from a reorganization where his 889 shares of BlackRock New York Municipal Income Trust were converted into shares of the acquiring fund based on net asset value.
Was the MYN insider Form 4 a market purchase or sale?
The Form 4 for MYN shows an “other transaction” coded J, not a market purchase or sale. Hubbard’s 908 shares were received through a fund reorganization, exchanging his prior fund holdings rather than buying or selling shares in the open market.
What funds were involved in the February 2026 MYN reorganization?
The reorganization involved BlackRock New York Municipal Income Trust as the Target Fund and BlackRock MuniYield New York Quality Fund, Inc. as the Acquiring Fund. Effective February 9, 2026, shareholders in the Target Fund received shares of the Acquiring Fund based on respective net asset values.
Did Robert Glenn Hubbard receive cash in the MYN reorganization?
The filing states that Hubbard received 908 common shares of the Acquiring Fund and cash for fractional shares, if any. This means any portion of his entitlement that did not equal a whole share was settled in cash as part of the reorganization mechanics.