Toronto-Dominion (NYSE: TD) discloses 39.8% stake in MYN preferred
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary
Toronto-Dominion affiliates filed Amendment No. 2 to their Schedule 13D for BlackRock MuniYield New York Quality Fund’s variable rate demand preferred shares. The reporting group now reports beneficial ownership of 2,010 VRDP shares, representing 39.8% of this preferred share class, with shared voting and dispositive power.
The change results from a February 9, 2026 reorganization in which four BlackRock municipal funds were combined into this fund and their preferred shares were exchanged. The amendment also replaces certain schedules and exhibits to reflect the updated ownership structure and internal Toronto-Dominion documentation.
Positive
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FAQ
What did Toronto-Dominion report in this Schedule 13D/A for MYN?
Toronto-Dominion affiliates filed Amendment No. 2 to disclose beneficial ownership of 2,010 variable rate demand preferred shares of BlackRock MuniYield New York Quality Fund, equal to 39.8% of that preferred class, with shared voting and shared dispositive power among the reporting entities.
Which Toronto-Dominion entities are reporting ownership in this MYN filing?
The reporting persons are Toronto Dominion Investments, Inc., Toronto Dominion Holdings USA Inc., TD Group US Holdings LLC, and The Toronto-Dominion Bank. Each reports the same 2,010 preferred shares with shared voting and shared dispositive power, and no sole authority over these securities.
Why did Toronto-Dominion amend its beneficial ownership report for MYN?
The amendment reflects a February 9, 2026 reorganization in which four BlackRock municipal funds were combined into BlackRock MuniYield New York Quality Fund. The issuer exchanged preferred shares in that transaction, changing the ownership percentage previously reported for this preferred share class.