BlackRock New York Municipal Income Trust
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment
Company Act file number 811-10337
Name of Fund: BlackRock New York Municipal Income Trust (BNY)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock New York
Municipal Income Trust, 55 East
52nd Street, New York, NY 10055
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 07/31/2018
Date of reporting period: 10/31/2017
Item 1 – Schedule of Investments
|
|
|
| Schedule of Investments
October 31, 2017 (Unaudited) |
|
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York — 130.6% |
|
|
|
|
|
|
|
|
|
|
|
| Corporate — 4.2% |
|
|
|
|
|
|
| Build NYC Resource Corp., Refunding RB, Pratt Paper, Inc. Project, AMT, 5.00%, 01/01/35(a) |
|
$ |
280 |
|
|
$ |
300,160 |
|
| City of New York New York Industrial Development Agency, Refunding RB, Transportation Infrastructure
Properties LLC, Series A, AMT: |
|
|
|
|
|
|
|
|
| 5.00%, 07/01/22 |
|
|
650 |
|
|
|
733,928 |
|
| 5.00%, 07/01/28 |
|
|
795 |
|
|
|
856,509 |
|
| County of Essex New York Industrial Development Agency, RB, International Paper Co. Project, Series A, AMT,
6.63%, 09/01/32 |
|
|
550 |
|
|
|
573,540 |
|
| County of Onondaga New York Industrial Development Agency, RB, Bristol-Meyers Squibb Co. Project, AMT, 5.75%,
03/01/24 |
|
|
1,000 |
|
|
|
1,193,030 |
|
| New York Liberty Development Corp., Refunding RB, Goldman Sachs Headquarters, 5.25%, 10/01/35 |
|
|
2,405 |
|
|
|
3,073,205 |
|
| Niagara Area Development Corp., Refunding RB, Solid Waste Disposal Facility, Covanta Energy Project, Series
A, AMT, 5.25%, 11/01/42(a) |
|
|
1,500 |
|
|
|
1,501,005 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,231,377 |
|
| County/City/Special District/School District — 25.9% |
|
| City of New York New York, GO, Refunding,
Series E: |
|
|
|
|
|
|
|
|
| 5.50%, 8/01/25 |
|
|
1,115 |
|
|
|
1,351,469 |
|
| 5.00%, 8/01/30 |
|
|
1,000 |
|
|
|
1,150,320 |
|
| City of New York New York, GO: |
|
|
|
|
|
|
|
|
| Series A-1, 4.75%, 8/15/25 |
|
|
750 |
|
|
|
771,480 |
|
| Series A-1, 5.00%, 8/01/35 |
|
|
1,000 |
|
|
|
1,116,970 |
|
| Series D, 5.38%, 6/01/32 |
|
|
25 |
|
|
|
25,094 |
|
| Series G-1, 6.25%, 12/15/31 |
|
|
15 |
|
|
|
15,874 |
|
| Sub-Series D-1, Fiscal 2014,
5.00%, 8/01/31 |
|
|
690 |
|
|
|
799,807 |
|
| Sub-Series G-1, 6.25%,
12/15/18(b) |
|
|
485 |
|
|
|
512,985 |
|
| Sub-Series G-1, 5.00%,
4/01/28 |
|
|
630 |
|
|
|
716,310 |
|
| Sub-Series G-1, 5.00%,
4/01/29(c) |
|
|
750 |
|
|
|
849,683 |
|
| Sub-Series I-1, 5.38%,
4/01/36 |
|
|
530 |
|
|
|
561,307 |
|
| Refunding Series I, 5.00%, 8/01/30 |
|
|
1,000 |
|
|
|
1,141,030 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| County/City/Special District/School District (continued) |
|
|
|
|
|
|
| City of New York New York Convention Center Development Corp., RB, CAB, Sub Lien, Hotel Unit Fee, Series B
(AGM), 0.00%, 11/15/55(d) |
|
$ |
2,000 |
|
|
$ |
425,580 |
|
| City of New York New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured: |
|
|
|
|
|
|
|
|
| 5.00%, 11/15/40 |
|
|
2,500 |
|
|
|
2,875,850 |
|
| 5.00%, 11/15/45 |
|
|
3,700 |
|
|
|
4,233,429 |
|
| City of New York New York Industrial Development Agency, RB, PILOT: |
|
|
|
|
|
|
|
|
| CAB, Yankee Stadium Project, Series A (AGC),
0.00%,
3/01/42(d) |
|
|
1,960 |
|
|
|
771,319 |
|
| CAB, Yankee Stadium Project, Series A (AGC),
0.00%,
3/01/45(d) |
|
|
1,500 |
|
|
|
521,955 |
|
| (AMBAC), 5.00%, 1/01/39 |
|
|
3,000 |
|
|
|
3,055,860 |
|
| Queens Baseball Stadium (AGC), 6.38%, 1/01/39 |
|
|
150 |
|
|
|
158,618 |
|
| Queens Baseball Stadium (AMBAC),
5.00%, 1/01/46 |
|
|
175 |
|
|
|
177,800 |
|
| Yankee Stadium Project (NPFGC), 4.75%, 3/01/46 |
|
|
350 |
|
|
|
350,546 |
|
| Yankee Stadium Project (NPFGC), 5.00%, 3/01/46 |
|
|
500 |
|
|
|
508,585 |
|
| County of Erie New York Fiscal Stability Authority, RB, Sales Tax and State Aid Secured Refunding Bonds,
Series D: |
|
|
|
|
|
|
|
|
| 5.00%, 9/01/35 |
|
|
115 |
|
|
|
138,470 |
|
| 5.00%, 9/01/36 |
|
|
105 |
|
|
|
126,026 |
|
| 5.00%, 9/01/37 |
|
|
115 |
|
|
|
137,589 |
|
| 5.00%, 9/01/38 |
|
|
180 |
|
|
|
214,843 |
|
| 5.00%, 9/01/39 |
|
|
140 |
|
|
|
166,834 |
|
| County of Nassau New York, GO: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 1/15/31 |
|
|
1,000 |
|
|
|
1,177,350 |
|
| Refunding Series B, 5.00%, 4/01/32 |
|
|
835 |
|
|
|
980,040 |
|
| Hudson Yards Infrastructure Corp., RB, Senior, Fiscal 2012: |
|
|
|
|
|
|
|
|
| 5.75%, 2/15/21(b) |
|
|
120 |
|
|
|
137,330 |
|
| 5.75%, 2/15/47 |
|
|
80 |
|
|
|
91,137 |
|
|
|
|
|
|
| SCHEDULES OF INVESTMENTS |
|
|
1 |
|
|
|
|
| Schedule of Investments (continued)
October 31, 2017 (Unaudited) |
|
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| County/City/Special District/School District (continued) |
|
| Hudson Yards Infrastructure Corp., Refunding RB, 2nd Indenture Fiscal 2017,Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 2/15/42 |
|
$ |
2,495 |
|
|
$ |
2,912,114 |
|
| 5.00%, 2/15/45 |
|
|
1,225 |
|
|
|
1,419,003 |
|
| New York Liberty Development Corp.,
Refunding RB: |
|
|
|
|
|
|
|
|
| 2nd Priority, Bank of America Tower at One Bryant Park Project, Class 2, 5.63%, 7/15/47 |
|
|
2,000 |
|
|
|
2,178,060 |
|
| 2nd Priority, Bank of America Tower at One Bryant Park Project, Class 3, 6.38%, 7/15/49 |
|
|
1,200 |
|
|
|
1,290,168 |
|
| 3 World Trade Center Project, Class 2,
5.38%,
11/15/40(a) |
|
|
480 |
|
|
|
534,110 |
|
| 4 World Trade Center Project,
5.00%, 11/15/31 |
|
|
860 |
|
|
|
970,243 |
|
| 4 World Trade Center Project,
5.00%, 11/15/44 |
|
|
7,655 |
|
|
|
8,441,015 |
|
| 7 World Trade Center Project, Class 1,
4.00%, 9/15/35 |
|
|
1,935 |
|
|
|
2,065,980 |
|
| 7 World Trade Center Project, Class 2,
5.00%, 9/15/43 |
|
|
1,420 |
|
|
|
1,574,113 |
|
| 7 World Trade Center Project, Class 3,
5.00%, 3/15/44 |
|
|
2,070 |
|
|
|
2,238,291 |
|
| World Trade Center Project,
5.75%, 11/15/51 |
|
|
1,340 |
|
|
|
1,545,154 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,429,741 |
|
| Education — 29.4% |
|
| Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp.,
Series A (AGM),
4.63%, 10/01/20(b) |
|
|
1,100 |
|
|
|
1,206,887 |
|
| Build NYC Resource Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| City University New York-Queens College Student Residences, LLC Project, Series A, 5.00%, 6/01/38 |
|
|
250 |
|
|
|
283,643 |
|
| Manhattan College Project, 5.00%, 8/01/35 |
|
|
525 |
|
|
|
608,338 |
|
| New York Law School Project, 5.00%, 7/01/41 |
|
|
400 |
|
|
|
446,480 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Education (continued) |
|
| City of New York New York Trust for Cultural Resources, RB, Juilliard School, Series A,
5.00%,
01/01/39 |
|
$
|
750 |
|
|
$
|
782,655 |
|
| City of New York New York Trust for Cultural Resources, Refunding RB: |
|
|
|
|
|
|
|
|
| American Museum of Natural History, Series A,
5.00%, 7/01/37 |
|
|
225 |
|
|
|
259,472 |
|
| Carnegie Hall, Series A,
4.75%, 12/01/39 |
|
|
2,000 |
|
|
|
2,122,880 |
|
| Museum of Modern Art, Series 1A,
5.00%,
10/01/18(b) |
|
|
1,000 |
|
|
|
1,035,820 |
|
| City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute
Project: |
|
|
|
|
|
|
|
|
| Series A, 5.13%, 9/01/40 |
|
|
3,135 |
|
|
|
3,416,774 |
|
| Series B, 4.00%, 8/01/35 |
|
|
470 |
|
|
|
491,836 |
|
| City of Yonkers New York Industrial Development Agency, RB, Sarah Lawrence College Project, Series A, 6.00%,
06/01/19(b) |
|
|
625 |
|
|
|
672,744 |
|
| Counties of Buffalo & Erie New York Industrial Land Development Corp., Refunding RB, The Charter
School for Applied Technologies Project, Series A, 5.00%, 06/01/35 |
|
|
245 |
|
|
|
262,919 |
|
| County of Cattaraugus New York, RB, St. Bonaventure University Project, 5.00%, 05/01/34 |
|
|
170 |
|
|
|
188,063 |
|
| County of Dutchess New York Industrial Development Agency, RB, Bard College Civic Facility, Series A-2, 4.50%, 08/01/36 |
|
|
2,155 |
|
|
|
1,733,590 |
|
| County of Dutchess New York Local Development Corp., Refunding RB, Vassar College Project: |
|
|
|
|
|
|
|
|
| 5.00%, 7/01/42 |
|
|
395 |
|
|
|
460,112 |
|
| 4.00%, 7/01/46 |
|
|
745 |
|
|
|
779,024 |
|
| County of Monroe New York Industrial Development Corp., RB, University of Rochester Project,
Series A,
5.00%, 07/01/21(b) |
|
|
1,900 |
|
|
|
2,150,705 |
|
| County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester
Project: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 7/01/38 |
|
|
320 |
|
|
|
368,013 |
|
| Series B, 3.63%, 7/01/36 |
|
|
135 |
|
|
|
140,188 |
|
|
|
|
| 2 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
| Schedule of Investments (continued)
October 31, 2017 (Unaudited) |
|
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Education (continued) |
|
| County of Nassau New York Industrial Development Agency, Refunding RB, New York Institute of Technology
Project, Series A, 4.75%, 03/01/20(b) |
|
$ |
1,165 |
|
|
$ |
1,259,470 |
|
| County of Orange New York Funding Corp., Refunding RB, Mount St. Mary College Project, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 7/01/37 |
|
|
360 |
|
|
|
394,034 |
|
| 5.00%, 7/01/42 |
|
|
220 |
|
|
|
237,912 |
|
| County of St. Lawrence New York Industrial Development Agency, RB, Clarkson University Project, 5.38%,
09/01/41 |
|
|
750 |
|
|
|
843,165 |
|
| County of Tompkins New York Development Corp., RB, Ithaca College Project (AGM),
5.50%, 01/01/21(b) |
|
|
700 |
|
|
|
781,578 |
|
| Geneva Development Corp., Refunding RB, Hobart & William Smith Colleges, 5.25%, 09/01/44 |
|
|
500 |
|
|
|
576,205 |
|
| State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
| 5.00%, 3/15/30 |
|
|
1,000 |
|
|
|
1,219,070 |
|
| Convent of the Sacred Heart (AGM),
5.25%, 11/01/24 |
|
|
155 |
|
|
|
175,412 |
|
| Convent of the Sacred Heart (AGM),
5.63%, 11/01/32 |
|
|
750 |
|
|
|
850,357 |
|
| Convent of the Sacred Heart (AGM),
5.75%, 11/01/40 |
|
|
210 |
|
|
|
238,682 |
|
| New York University Mount Sinai School of Medicine,
5.13%, 7/01/19(b) |
|
|
2,000 |
|
|
|
2,129,940 |
|
| New York University, Series 1 (AMBAC),
5.50%, 7/01/40 |
|
|
1,440 |
|
|
|
1,953,821 |
|
| New York University, Series B,
5.00%, 7/01/37 |
|
|
1,250 |
|
|
|
1,434,175 |
|
| Series B,
5.75%, 3/15/19(b) |
|
|
600 |
|
|
|
637,896 |
|
| State University Dormitory Facilities, Series A,
5.00%, 7/01/19(b) |
|
|
750 |
|
|
|
797,827 |
|
| State University Dormitory Facilities, Series A,
5.00%, 7/01/41 |
|
|
2,000 |
|
|
|
2,218,380 |
|
| Teachers College, Series B,
5.00%, 7/01/42 |
|
|
1,225 |
|
|
|
1,368,717 |
|
| Touro College & University System, Series A,
5.25%, 1/01/34 |
|
|
800 |
|
|
|
871,936 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Education (continued) |
|
| Touro College & University System, Series A,
5.50%, 1/01/39 |
|
$ |
2,000 |
|
|
$ |
2,199,640 |
|
| University of Rochester, Series A,
5.13%,
7/01/19(b) |
|
|
740 |
|
|
|
788,078 |
|
| University of Rochester, Series A,
5.75%,
7/01/19(b) |
|
|
565 |
|
|
|
607,505 |
|
| University of Rochester, Series A,
5.13%, 7/01/39 |
|
|
110 |
|
|
|
116,827 |
|
| University of Rochester, Series A,
5.75%, 7/01/39 |
|
|
85 |
|
|
|
90,796 |
|
| State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| 3rd General Resolution, State University Educational Facilities Issue, Series A,
5.00%, 5/15/29 |
|
|
2,000 |
|
|
|
2,298,260 |
|
| Barnard College, Series A,
5.00%, 7/01/33 |
|
|
530 |
|
|
|
618,256 |
|
| Brooklyn Law School,
5.75%, 7/01/33 |
|
|
475 |
|
|
|
504,640 |
|
| Cornell University, Series A,
5.00%, 7/01/40 |
|
|
800 |
|
|
|
875,912 |
|
| Culinary Institute of America,
5.00%, 7/01/42 |
|
|
300 |
|
|
|
321,597 |
|
| Fordham University,
5.00%, 7/01/44 |
|
|
850 |
|
|
|
969,586 |
|
| Icahn School of Medicine at Mount Sinai, Series A,
5.00%, 7/01/35 |
|
|
1,380 |
|
|
|
1,562,615 |
|
| New York University, Series A,
5.00%, 7/01/37 |
|
|
1,790 |
|
|
|
2,053,739 |
|
| Rochester Institute of Technology,
5.00%, 7/01/42 |
|
|
1,790 |
|
|
|
1,990,784 |
|
| Skidmore College, Series A,
5.00%, 7/01/28 |
|
|
75 |
|
|
|
84,494 |
|
| Skidmore College, Series A,
5.25%, 7/01/29 |
|
|
85 |
|
|
|
96,548 |
|
| St. John’s University, Series A,
5.00%, 7/01/37 |
|
|
835 |
|
|
|
956,543 |
|
| State University Dormitory Facilities, Series A,
5.25%, 7/01/30 |
|
|
2,355 |
|
|
|
2,786,389 |
|
| State University Dormitory Facilities, Series A,
5.25%, 7/01/32 |
|
|
445 |
|
|
|
522,848 |
|
| State University Dormitory Facilities, Series A,
5.00%, 7/01/46 |
|
|
810 |
|
|
|
939,106 |
|
|
|
|
|
|
| SCHEDULES OF INVESTMENTS |
|
|
3 |
|
|
|
|
| Schedule of Investments (continued)
October 31, 2017 (Unaudited) |
|
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Education (continued) |
|
| State of New York Dormitory Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| Teachers College, 5.50%, 3/01/19(b) |
|
$ |
450 |
|
|
$ |
476,136 |
|
| St. John’s Univerisity, Series A, 5.00%, 7/01/34 |
|
|
250 |
|
|
|
288,435 |
|
| Town of Hempstead New York Local Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| Adelphi University Project,
5.00%, 10/01/35 |
|
|
415 |
|
|
|
482,496 |
|
| Hofstra University Project,
5.00%, 7/01/47 |
|
|
120 |
|
|
|
137,399 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
57,167,349 |
|
| Health — 12.8% |
|
| County of Dutchess New York Local Development Corp., RB, Health Quest Systems, Inc., Series B: |
|
|
|
|
|
|
|
|
| 3.00%, 7/01/36 |
|
|
390 |
|
|
|
355,384 |
|
| 4.00%, 7/01/41 |
|
|
2,120 |
|
|
|
2,195,451 |
|
| County of Dutchess New York Local Development Corp., Refunding RB, Health Quest System, Inc., Series A,
5.75%, 07/01/40 |
|
|
300 |
|
|
|
332,502 |
|
| County of Genesee New York Industrial Development Agency, Refunding RB, United Memorial Medical Center
Project,
5.00%, 12/01/27 |
|
|
465 |
|
|
|
465,544 |
|
| County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project: |
|
|
|
|
|
|
|
|
| 4.00%, 12/01/41 |
|
|
200 |
|
|
|
203,508 |
|
| 5.00%, 12/01/46 |
|
|
320 |
|
|
|
356,842 |
|
| Series A, 5.00%, 12/01/32 |
|
|
240 |
|
|
|
264,782 |
|
| County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project
(FHA),
5.50%, 08/15/40 |
|
|
1,650 |
|
|
|
1,847,274 |
|
| County of Nassau New York Local Economic Assistance Corp., Refunding RB, Winthrop University Hospital
Association Project,
5.00%, 07/01/42 |
|
|
2,800 |
|
|
|
2,992,836 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Health (continued) |
|
| County of Suffolk New York EDC, RB, Catholic Health Services, Series C, 5.00%, 07/01/32 |
|
$ |
230 |
|
|
$ |
256,266 |
|
| County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien: |
|
|
|
|
|
|
|
|
| Remarketing, Series A,
5.00%, 11/01/30 |
|
|
3,130 |
|
|
|
3,397,302 |
|
| Series B, 6.00%, 11/01/20(b) |
|
|
435 |
|
|
|
495,321 |
|
| Series B, 6.00%, 11/01/30 |
|
|
65 |
|
|
|
71,927 |
|
| County of Westchester New York Local Development Corp., Refunding RB, Kendal On Hudson Project: |
|
|
|
|
|
|
|
|
| 5.00%, 1/01/28 |
|
|
675 |
|
|
|
743,519 |
|
| 5.00%, 1/01/34 |
|
|
1,250 |
|
|
|
1,349,463 |
|
| State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
| New York State Association for Retarded Children, Inc., Series A,
6. 00%, 7/01/19(b) |
|
|
500 |
|
|
|
539,670 |
|
| New York State Association for Retarded Children, Inc., Series B (AMBAC),
6.00%, 7/01/19(b) |
|
|
200 |
|
|
|
215,868 |
|
| New York University Hospitals Center, Series A,
6.00%,
7/01/20(b) |
|
|
500 |
|
|
|
562,025 |
|
| North Shore-Long Island Jewish Obligated Group, Series D, 4.25%, 5/01/39 |
|
|
500 |
|
|
|
526,840 |
|
| State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Miriam Osborn Memorial Home Association,
5.00%, 7/01/29 |
|
|
290 |
|
|
|
302,847 |
|
| Mount Sinai Hospital, Series A, 5.00%, 7/01/26 |
|
|
1,385 |
|
|
|
1,517,309 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/21(b) |
|
|
1,000 |
|
|
|
1,123,180 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/21(b) |
|
|
1,750 |
|
|
|
1,965,565 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/43 |
|
|
1,430 |
|
|
|
1,605,704 |
|
|
|
|
| 4 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
| Schedule of Investments (continued)
October 31, 2017 (Unaudited) |
|
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Health (continued) |
|
| North Shore-Long Island Jewish Obligated Group, Series E, 5.50%, 5/01/33 |
|
$ |
1,100 |
|
|
$ |
1,157,024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,843,953 |
|
| Housing — 2.7% |
|
|
|
|
|
|
| City of New York New York Housing Development Corp., RB, M/F Housing, Fund Grant Program, New York City
Housing Authority Program,
Series B1: |
|
|
|
|
|
|
|
|
| 5.25%, 7/01/32 |
|
|
1,140 |
|
|
|
1,278,328 |
|
| 5.00%, 7/01/33 |
|
|
500 |
|
|
|
559,450 |
|
| City of New York New York Housing Development Corp., Refunding RB, M/F Housing, 8 Spruce Street,
Class F, 4.50%, 02/15/48 |
|
|
925 |
|
|
|
960,242 |
|
| County of Onondaga New York Trust for Cultural Resources, Refunding RB, Abby Lane Housing Corporation
Project, 5.00%, 05/01/40 |
|
|
355 |
|
|
|
396,496 |
|
| State of New York HFA, RB: |
|
|
|
|
|
|
|
|
| Affordable Housing, Series E (SONYMA),
4.15%, 11/01/47 |
|
|
495 |
|
|
|
512,231 |
|
| M/F Housing, Highland Avenue Senior Apartments, Series A, AMT (SONYMA),
5.00%, 2/15/39 |
|
|
1,480 |
|
|
|
1,487,785 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,194,532 |
|
| State — 13.5% |
|
|
|
|
|
|
| City of New York New York Transitional Finance Authority, RB, Future Tax Secured, 5.00%, 02/01/32 |
|
|
5,000 |
|
|
|
5,816,000 |
|
| City of New York New York Transitional Finance Authority, Refunding RB, Fiscal 2018: |
|
|
|
|
|
|
|
|
| Series S-1, 5.00%, 7/15/35 |
|
|
505 |
|
|
|
596,920 |
|
| Series S-2, 5.00%, 7/15/35 |
|
|
505 |
|
|
|
596,920 |
|
| City of New York New York Transitional Finance Authority Future Tax Secured, RB: |
|
|
|
|
|
|
|
|
| Fiscal 2012, Sub-Series
E-1,
5.00%, 2/01/42 |
|
|
2,500 |
|
|
|
2,793,050 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| State (continued) |
|
|
|
|
|
|
| Sub-Series F-1, 5.00%,
5/01/38 |
|
$ |
1,425 |
|
|
$ |
1,671,867 |
|
| Sub-Series F-1, 5.00%,
5/01/39 |
|
|
1,775 |
|
|
|
2,077,691 |
|
| State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
| General Purpose, Series A, 5.00%, 2/15/42 |
|
|
1,500 |
|
|
|
1,733,895 |
|
| General Purpose, Series B, 5.00%, 3/15/42 |
|
|
4,380 |
|
|
|
4,932,931 |
|
| General Purpose, Series C, 5.00%, 3/15/34 |
|
|
2,185 |
|
|
|
2,436,843 |
|
| Sales Tax, Series A, 5.00%, 3/15/42 |
|
|
875 |
|
|
|
1,022,437 |
|
| State of New York Dormitory Authority, Refunding RB, School Districts Financing Program,
Series A (AGM),
5.00%, 10/01/18(b) |
|
|
395 |
|
|
|
409,149 |
|
| State of New York Urban Development Corp., RB, State Personal Income Tax, Series C: |
|
|
|
|
|
|
|
|
| 5.00%, 3/15/30 |
|
|
885 |
|
|
|
1,026,361 |
|
| 5.00%, 3/15/32 |
|
|
1,000 |
|
|
|
1,156,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,270,464 |
|
| Tobacco — 3.2% |
|
|
|
|
|
|
| Counties of New York Tobacco Trust IV, Refunding RB, Settlement Pass-Through Turbo, Series A, 6.25%, 06/01/41(a) |
|
|
1,000 |
|
|
|
1,034,750 |
|
| Counties of New York Tobacco Trust VI,
Refunding RB: |
|
|
|
|
|
|
|
|
| Settlement Pass-Through Turbo, Series C,
4.00%, 6/01/51 |
|
|
1,500 |
|
|
|
1,385,325 |
|
| Tobacco Settlement Pass-Through, Series A-2B, 5.00%, 6/01/51 |
|
|
1,470 |
|
|
|
1,516,511 |
|
| Tobacco Settlement Pass-Through, Series B, 5.00%, 6/01/45 |
|
|
130 |
|
|
|
136,656 |
|
| County of Chautauqua New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 4.75%,
06/01/39 |
|
|
150 |
|
|
|
150,751 |
|
|
|
|
|
|
| SCHEDULES OF INVESTMENTS |
|
|
5 |
|
|
|
|
| Schedule of Investments (continued)
October 31, 2017 (Unaudited) |
|
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Tobacco (continued) |
|
|
|
|
|
|
| County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed: |
|
|
|
|
|
|
|
|
| 5.25%, 5/15/34 |
|
$ |
250 |
|
|
$ |
281,735 |
|
| 5.25%, 5/15/40 |
|
|
110 |
|
|
|
123,273 |
|
| Westchester Tobacco Asset Securitization, Refunding RB, Tobacco Settlement Bonds, Sub-Series C: |
|
|
|
|
|
|
|
|
| 4.00%, 6/01/42 |
|
|
745 |
|
|
|
751,481 |
|
| 5.13%, 6/01/51 |
|
|
870 |
|
|
|
861,013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,241,495 |
|
| Transportation — 30.7% |
|
|
|
|
|
|
| Buffalo & Fort Erie Public Bridge Authority, RB, Toll Bridge System, 5.00%, 01/01/42 |
|
|
535 |
|
|
|
616,909 |
|
| Metropolitan Transportation Authority, RB: |
|
|
|
|
|
|
|
|
| Series A-1, 5.25%, 11/15/33 |
|
|
540 |
|
|
|
637,632 |
|
| Series C, 6.50%, 11/15/28 |
|
|
195 |
|
|
|
206,131 |
|
| Series D, 5.25%, 11/15/41 |
|
|
1,000 |
|
|
|
1,132,470 |
|
| Series E, 5.00%, 11/15/38 |
|
|
4,000 |
|
|
|
4,590,800 |
|
| Metropolitan Transportation Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Green Bonds, Climate Bond Certified, Sub-Series B-2, 4.00%, 11/15/34 |
|
|
750 |
|
|
|
818,655 |
|
| Green Bonds, Series A-1, 5.25%, 11/15/56 |
|
|
750 |
|
|
|
870,727 |
|
| Green Bonds, Series B-1, 5.00%, 11/15/34 |
|
|
735 |
|
|
|
882,029 |
|
| Series D, 5.25%, 11/15/30 |
|
|
910 |
|
|
|
1,084,784 |
|
| Series F, 5.00%, 11/15/30 |
|
|
2,000 |
|
|
|
2,299,520 |
|
| Series F, 5.00%, 11/15/35 |
|
|
500 |
|
|
|
586,515 |
|
| Transportation, Series D, 5.00%, 11/15/34 |
|
|
800 |
|
|
|
881,792 |
|
| Metropolitan Transportation Authority Hudson Rail Yards Trust Obligations, Refunding RB, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 11/15/56 |
|
|
2,695 |
|
|
|
3,025,326 |
|
| 5.00%, 11/15/51 |
|
|
230 |
|
|
|
251,758 |
|
| New York Transportation Development Corp., ARB, LaGuardia Airport Terminal B Redevelopment Project, Series A,
AMT: |
|
|
|
|
|
|
|
|
| 5.00%, 7/01/46 |
|
|
3,115 |
|
|
|
3,405,941 |
|
| 5.25%, 1/01/50 |
|
|
4,810 |
|
|
|
5,331,837 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Transportation (continued) |
|
|
|
|
|
|
| (AGM), 4.00%, 7/01/41 |
|
$
|
800 |
|
|
$
|
823,080 |
|
| New York Transportation Development Corp., Refunding ARB, American Airlines, Inc., AMT, 5.00%,
08/01/31 |
|
$ |
2,305 |
|
|
$ |
2,459,527 |
|
| Port Authority of New York & New Jersey, ARB, JFK International Air Terminal LLC, Special Project,
AMT (NPFGC): |
|
|
|
|
|
|
|
|
| Series 6, 5.75%, 12/01/22 |
|
|
6,000 |
|
|
|
6,275,820 |
|
| Series 8, 6.00%, 12/01/42 |
|
|
1,000 |
|
|
|
1,108,620 |
|
| Port Authority of New York & New Jersey, Refunding ARB: |
|
|
|
|
|
|
|
|
| 178th Series, AMT, 5.00%, 12/01/33 |
|
|
750 |
|
|
|
853,328 |
|
| 179th Series, 5.00%, 12/01/38 |
|
|
575 |
|
|
|
662,262 |
|
| Consolidated, 177th Series, AMT, 4.00%, 1/15/43 |
|
|
640 |
|
|
|
656,608 |
|
| Consolidated, 178th Series, AMT, 5.00%, 12/01/43 |
|
|
500 |
|
|
|
560,210 |
|
| Consolidated, 195th Series, AMT, 5.00%, 4/01/36 |
|
|
750 |
|
|
|
865,275 |
|
| State of New York Thruway Authority, RB, Junior Lien, Series A, 5.25%, 01/01/56 |
|
|
2,185 |
|
|
|
2,529,990 |
|
| State of New York Thruway Authority, Refunding RB, General: |
|
|
|
|
|
|
|
|
| 2nd Highway & Bridge Trust, Series A, 5.00%, 4/01/32 |
|
|
2,500 |
|
|
|
2,860,800 |
|
| Series I, 5.00%, 1/01/27 |
|
|
1,000 |
|
|
|
1,137,710 |
|
| Series I, 5.00%, 1/01/37 |
|
|
1,760 |
|
|
|
1,984,171 |
|
| Series I, 5.00%, 1/01/42 |
|
|
280 |
|
|
|
314,703 |
|
| Series J, 5.00%, 1/01/41 |
|
|
2,000 |
|
|
|
2,233,040 |
|
| Series K, 5.00%, 1/01/32 |
|
|
2,575 |
|
|
|
3,002,115 |
|
| Triborough Bridge & Tunnel Authority, RB: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 11/15/42 |
|
|
1,000 |
|
|
|
1,182,080 |
|
| Series B, 5.00%, 11/15/40 |
|
|
350 |
|
|
|
409,178 |
|
| Series B, 5.00%, 11/15/45 |
|
|
310 |
|
|
|
357,325 |
|
| Triborough Bridge & Tunnel Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| CAB, Sub-Series A, 0.00%, 11/15/32(d) |
|
|
845 |
|
|
|
528,936 |
|
| General, CAB, Series B, 0.00%, 11/15/32(d) |
|
|
1,700 |
|
|
|
1,070,456 |
|
| General, Series A, 5.25%, 11/15/45 |
|
|
590 |
|
|
|
688,459 |
|
|
|
|
| 6 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
| Schedule of Investments (continued)
October 31, 2017 (Unaudited) |
|
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Transportation (continued) |
|
|
|
|
|
|
| General, Series A, 5.00%, 11/15/50 |
|
$ |
500 |
|
|
$ |
568,805 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59,755,324 |
|
| Utilities — 8.2% |
|
| City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd
General Resolution: |
|
|
|
|
|
|
|
|
| Fiscal 2011, Series BB, 5.00%, 6/15/31 |
|
|
1,000 |
|
|
|
1,095,780 |
|
| Fiscal 2015, Series HH, 5.00%, 6/15/39 |
|
|
1,000 |
|
|
|
1,173,200 |
|
| Long Island Power Authority, RB, General, Electric Systems: |
|
|
|
|
|
|
|
|
| Series A (AGM), 5.00%, 5/01/36 |
|
|
500 |
|
|
|
552,565 |
|
| Series C (CIFG), 5.25%, 9/01/29 |
|
|
2,000 |
|
|
|
2,459,960 |
|
| Long Island Power Authority, Refunding RB, Electric System: |
|
|
|
|
|
|
|
|
| Series A, 5.75%, 4/01/39 |
|
|
4,000 |
|
|
|
4,225,880 |
|
| Series B, 5.00%, 9/01/41 |
|
|
200 |
|
|
|
230,820 |
|
| Series B, 5.00%, 9/01/46 |
|
|
895 |
|
|
|
1,023,961 |
|
| State of New York Environmental Facilities Corp., RB, Green Bond, Series C(e): |
|
|
|
|
|
|
|
|
| 5.00%, 8/15/35 |
|
|
730 |
|
|
|
886,548 |
|
| 5.00%, 8/15/36 |
|
|
525 |
|
|
|
635,056 |
|
| State of New York Environmental Facilities Corp., Refunding RB, Revolving Funds, New York City Municipal
Water, Series B, 5.00%, 06/15/36 |
|
|
350 |
|
|
|
392,994 |
|
| Utility Debt Securitization Authority, Refunding RB, Restructuring: |
|
|
|
|
|
|
|
|
| 3.00%, 12/15/32 |
|
|
1,000 |
|
|
|
1,023,190 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| Utilities (continued) |
|
| Series E, 5.00%, 12/15/41(c) |
|
$ |
2,000 |
|
|
$ |
2,317,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,017,654 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds in New York |
|
|
|
254,151,889 |
|
|
|
|
|
|
|
|
|
|
| Puerto Rico — 1.5% |
|
|
| Housing — 0.4% |
|
| Puerto Rico Housing Finance Authority, Refunding RB, M/F Housing, Subordinate, Capital Fund Modernization,
5.13%, 12/01/27 |
|
|
660 |
|
|
|
691,165 |
|
| Tobacco — 1.1% |
|
| Children’s Trust Fund, Refunding RB, Tobacco Settlement Asset-Backed Bonds, 5.63%, 05/15/43 |
|
|
2,220 |
|
|
|
2,175,068 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds in Puerto Rico |
|
|
|
2,866,233 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds— 132.1% |
|
|
|
257,018,122 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender
Option Bond Trusts(c) |
|
|
| New York — 29.9% |
|
|
| County/City/Special District/School District — 10.1% |
|
| City of New York New York, GO: |
|
|
|
|
|
|
|
|
| Sub-Series G-1, 5.00%,
4/01/29 |
|
|
4,370 |
|
|
|
4,946,425 |
|
| Fiscal 2014, Sub-Series I-1,
5.00%, 3/01/36 |
|
|
1,500 |
|
|
|
1,722,330 |
|
| Hudson Yards Infrastructure Corp., RB,
Series A, 5.75%, 02/15/47(f) |
|
|
1,250 |
|
|
|
1,420,283 |
|
| New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured, 5.00%, 11/15/32 |
|
|
1,200 |
|
|
|
1,414,302 |
|
| New York Liberty Development Corp., RB,
1 World Trade Center Port Authority Consolidated Bonds, 5.25%,
12/15/43 |
|
|
6,495 |
|
|
|
7,321,740 |
|
|
|
|
|
|
| SCHEDULES OF INVESTMENTS |
|
|
7 |
|
|
|
|
| Schedule of Investments (continued)
October 31, 2017 (Unaudited) |
|
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts(c) |
|
Par
(000) |
|
|
Value |
|
| County/City/Special District/School District (continued) |
|
| New York Liberty Development Corp., Refunding RB, 7 World Trade Center Project, Class 1, 5.00%,
09/15/40 |
|
$ |
2,610 |
|
|
$ |
2,942,462 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,767,542 |
|
| Education — 2.1% |
|
| City of New York New York Trust for Cultural Resources, Refunding RB, Wildlife Conservation Society, Series
A,
5.00%, 08/01/33 |
|
|
3,527 |
|
|
|
4,048,940 |
|
|
| State — 2.7% |
|
| City of New York New York Transitional Finance Authority, BARB, Fiscal 2009, Series S-3, 5.25%, 01/15/39 |
|
|
660 |
|
|
|
691,490 |
|
| City of New York New York Transitional Finance Authority Future Tax Secured, RB, Fiscal 2012, Sub-Series D-1, 5.00%, 11/01/38 |
|
|
825 |
|
|
|
925,658 |
|
| Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 10/15/31 |
|
|
750 |
|
|
|
896,105 |
|
| 4.00%, 10/15/32 |
|
|
1,000 |
|
|
|
1,115,175 |
|
| State of New York Dormitory Authority, RB, General Purpose, Series C, 5.00%, 03/15/41 |
|
|
1,500 |
|
|
|
1,658,550 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,286,978 |
|
| Transportation — 3.3% |
|
| Port Authority of New York & New Jersey, RB, Consolidated, Series106th, 5.00%, 10/15/26 |
|
|
1,500 |
|
|
|
1,685,528 |
|
| Port Authority of New York & New Jersey, Refunding ARB, 194th Series, 5.25%, 10/15/55 |
|
|
1,455 |
|
|
|
1,684,720 |
|
| State of New York Thruway Authority, Refunding RB, Transportation, Personal Income Tax,
Series A, 5.00%,
03/15/31 |
|
|
1,180 |
|
|
|
1,336,037 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts(c) |
|
Par
(000) |
|
|
Value |
|
| Transportation (continued) |
|
| Triborough Bridge & Tunnel Authority, Refunding RB, General, Series A, 5.00%, 11/15/46 |
|
$ |
1,500 |
|
|
$ |
1,742,587 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,448,872 |
|
| Utilities — 11.7% |
|
| City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd
General Resolution: |
|
|
|
|
|
|
|
|
| Fiscal 2011, Series HH,
5.00%, 6/15/32 |
|
|
5,310 |
|
|
|
5,950,262 |
|
| Series FF-2,
5.50%, 6/15/40 |
|
|
810 |
|
|
|
865,239 |
|
| City of New York New York Water & Sewer System, RB, Fiscal 2009, Series A: |
|
|
|
|
|
|
|
|
| 5.75%, 6/15/18(b) |
|
|
276 |
|
|
|
283,899 |
|
| 5.75%, 6/15/40 |
|
|
923 |
|
|
|
949,372 |
|
| City of New York New York Water & Sewer System, Refunding RB, Water & Sewer System, 2nd
General Resolution, Fiscal 2012, Series BB, 5.00%, 06/15/44 |
|
|
3,511 |
|
|
|
3,956,976 |
|
| Utility Debt Securitization Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| 5.00%, 12/15/41 |
|
|
6,868 |
|
|
|
7,945,876 |
|
| Restructuring, 5.00%, 12/15/36 |
|
|
1,997 |
|
|
|
2,397,487 |
|
| Restructuring, Series B, 4.00%, 12/15/35 |
|
|
370 |
|
|
|
401,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,750,861 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds Transferred to Tender Option Bond Trusts — 29.9% |
|
|
|
58,303,193 |
|
| Total Long-Term Investments
(Cost — $294,985,006) — 162.0% |
|
|
|
315,321,315 |
|
| Short-Term Securities |
|
Shares |
|
|
|
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class,
0.74%(g)(h) |
|
|
4,013,630 |
|
|
|
4,014,834 |
|
|
|
|
|
|
|
|
|
|
| Total Short-Term Securities
(Cost — $4,014,834) — 2.1% |
|
|
|
4,014,834 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
| Schedule of Investments (continued)
October 31, 2017 |
|
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
| |
|
Value |
|
| Total Investments
(Cost — $298,999,840) — 164.1% |
|
|
319,336,149 |
|
| Other Assets Less Liabilities — 1.0% |
|
|
1,880,854 |
|
| Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable —
(16.5)% |
|
|
(32,106,125 |
) |
| VMTP Shares, at Liquidation Value — (48.6)% |
|
|
(94,500,000 |
) |
|
|
|
|
|
| Net Assets Applicable to Common Shares — 100.0% |
|
$ |
194,610,878 |
|
|
|
|
|
|
Notes to Schedule of Investments
| (a) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.
|
| (b) |
U.S. Government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium to par. |
| (c) |
Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing. |
| (e) |
When-issued security. |
| (f) |
All or a portion of security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreement, which is expire on February 15, 2019 is
$661,933. |
| (g) |
During the period ended October 31, 2017, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
| (h) |
Annualized 7-day yield as of period end. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affiliated |
|
Shares
Held at
July 31, 2017 |
|
|
Net
Activity |
|
|
Shares
Held at
October 31,
2017 |
|
|
Value at
October 31,
2017 |
|
|
Income |
|
|
Net Realized
Gain (Loss)(a) |
|
|
Change in
Unrealized
Appreciation
(Depreciation) |
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class |
|
|
2,541,341 |
|
|
|
1,472,289 |
|
|
|
4,013,630 |
|
|
$ |
4,014,834 |
|
|
$ |
3,125 |
|
|
$ |
95 |
|
|
$ |
(239 |
) |
| |
(a) |
Includes net capital gain distributions, if applicable. |
|
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Description |
|
Number of
Contracts |
|
|
Expiration
Date |
|
|
Notional
Amount (000) |
|
|
Value /
Unrealized
Appreciation
(Depreciation) |
|
| Short Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5-Year U.S. Treasury Note |
|
|
(50 |
) |
|
|
December 2017 |
|
|
$ |
5,859 |
|
|
$ |
54,003 |
|
| 10-Year U.S. Treasury Note |
|
|
(45 |
) |
|
|
December 2017 |
|
|
|
5,622 |
|
|
|
81,446 |
|
| Long U.S. Treasury Bond |
|
|
(34 |
) |
|
|
December 2017 |
|
|
|
5,184 |
|
|
|
91,228 |
|
| Ultra Long U.S. Treasury Bond |
|
|
(13 |
) |
|
|
December 2017 |
|
|
|
2,142 |
|
|
|
43,430 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
$ |
270,107 |
|
|
|
|
|
|
|
|
|
|
|
|
| SCHEDULES OF INVESTMENTS |
|
|
9 |
|
|
|
|
| Schedule of Investments (continued)
October 31, 2017 |
|
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets) |
|
|
|
| Portfolio Abbreviations |
|
|
| AGC |
|
Assured Guarantee Corp. |
| AGM |
|
Assured Guaranty Municipal Corp. |
| AMBAC |
|
American Municipal Bond Assurance Corp. |
| AMT |
|
Alternative Minimum Tax (subject to) |
| ARB |
|
Airport Revenue Bonds |
| BARB |
|
Building Aid Revenue Bonds |
| CAB |
|
Capital Appreciation Bonds |
| CIFG |
|
CIFG Assurance North America, Inc. |
| EDC |
|
Economic Development Corp. |
| FHA |
|
Federal Housing Administration |
| GO |
|
General Obligation Bonds |
| HFA |
|
Housing Finance Agency |
| M/F |
|
Multi-Family |
| NPFGC |
|
National Public Finance Guarantee Corp. |
| PILOT |
|
Payment in Lieu of Taxes |
| RB |
|
Revenue Bonds |
| SONYMA |
|
State of New York Mortgage Agency |
| Fair Value Hierarchy as of Period End |
| Various inputs are used in determining
the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
• Level 1 — unadjusted price quotations in active
markets/exchanges for identical assets or liabilities that the Trust has the ability to access
• Level 2 — other observable inputs (including, but not limited
to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or
liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs)
• Level 3 — unobservable inputs based on the best information
available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)
The hierarchy gives the highest priority to unadjusted quoted prices in
active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments
categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level
input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation
Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors.
Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market
information. Changes in valuation techniques may result in
transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The
categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with
investing in those securities. For information about the Trust’s policy regarding valuation. |
|
|
|
| 10 |
|
2017 BLACKROCK QUARTERLY REPORT TO SHAREHOLDERS |
|
|
|
| Schedule of Investments (continued)
October 31, 2017 |
|
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets) |
The following tables summarize the Trust’s investments and
derivative financial instruments categorized in the disclosure hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Investments(a) |
|
$ |
— |
|
|
$ |
315,321,315 |
|
|
$ |
— |
|
|
$ |
315,321,315 |
|
| Short-Term Securities |
|
|
4,014,834 |
|
|
|
— |
|
|
|
— |
|
|
|
4,014,834 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
$ |
4,014,834 |
|
|
$ |
315,321,315 |
|
|
$ |
— |
|
|
$ |
319,336,149 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Financial Instruments (b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate contracts |
|
$ |
270,107 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
270,107 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
$ |
270,107 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
270,107 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(a) |
See above Schedule of Investments for values in each sector. |
|
| |
(b) |
Derivative financial instruments are futures contracts which are valued at the unrealized appreciation (depreciation) on the instrument. |
|
The Trust may hold assets and/or liabilities in which the fair value approximates
the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOB Trust Certificates |
|
$ |
— |
|
|
$ |
(32,047,199 |
) |
|
$ |
— |
|
|
$ |
(32,047,199 |
) |
| VMTP Shares at Liquidation Value |
|
|
— |
|
|
|
(94,500,000 |
) |
|
|
— |
|
|
|
(94,500,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
$ |
— |
|
|
$ |
(126,547,199 |
) |
|
$ |
— |
|
|
$ |
(126,547,199 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the period ended October 31, 2017, there were no transfers between levels.
|
|
|
|
|
| SCHEDULES OF INVESTMENTS |
|
|
11 |
|
Item 2 – Controls and Procedures
| 2(a) – |
The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and
procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. |
| 2(b) – |
There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the
registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 3 – Exhibits
Certifications –
Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company
Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
| BlackRock New York Municipal Income Trust |
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock New York Municipal Income Trust |
Date: December 21, 2017
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below
by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock New York Municipal Income Trust |
Date: December 21, 2017
|
|
|
| By: |
|
/s/ Neal J. Andrews |
|
|
Neal J. Andrews |
|
|
Chief Financial Officer (principal financial officer) of |
|
|
BlackRock New York Municipal Income Trust |
Date: December 21, 2017