BlackRock MuniYield NY Quality Fund Files Proxy Statement

TL;DR

MYN filed its proxy statement, no fee required. Old names: BlackRock MuniYield NY Insured Fund.

AI Summary

BlackRock MuniYield New York Quality Fund, Inc. (MYN) has filed a Definitive Proxy Statement (DEFA14A) on April 16, 2024. This filing is soliciting material under Rule 14a-12 and does not require a filing fee. The company was formerly known as BlackRock MuniYield New York Insured Fund, Inc. and has undergone several name changes since its inception.

Why It Matters

This filing is a routine proxy statement, indicating the company is seeking shareholder approval or providing information for an upcoming meeting. It's important for investors to review such documents to understand corporate governance and potential changes.

Risk Assessment

Risk Level: low — This is a standard proxy filing for a publicly traded fund, not indicating any immediate financial distress or unusual corporate activity.

Key Players & Entities

• BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. (company) — Registrant
• MYN (company) — Ticker Symbol
• BLACKROCK MUNIYIELD NEW YORK INSURED FUND, INC. (company) — Former Company Name
• 20240416 (date) — Filing Date

FAQ

Key Financial Figures

• $12 million — % increase in monthly distribution rate $12 million in share repurchases at a discount, sin

Filing Documents

• d796694ddefa14a.htm (DEFA14A) — 13KB
• g796694g02b02.jpg (GRAPHIC) — 319KB
• g796694g03g03.jpg (GRAPHIC) — 242KB
• 0001193125-24-097866.txt ( ) — 787KB

From the Filing

MUNIYIELD NEW YORK QUALITY FUND (MYN) BlackRock MuniYield New York Quality Fund (MYN) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. BlackRock MuniYield New York Quality Fund, Inc. (NYSE: MYN) Dear Shareholder: I am writing with important information about your upcoming 2024 Annual Shareholder Meeting for BlackRock MuniYield New York Quality Fund, Inc. (NYSE: MYN) (the Fund). In the next few weeks, you will receive MYNs proxy statement and WHITE proxy card. I urge you to review the proposals and protect your long-term investment by promptly voting your shares on the WHITE proxy card when you receive it. Your fund is under attack This year, your voice matters more than ever. A well-known activist hedge fund, Saba Capital Management L.P. (Saba), is attacking your long-term investment and attempting to influence the Funds board through the election of two inexperienced, hand-picked candidates. Your fund has delivered high income and outperformance Your experienced Board and industry leading management team have consistently worked to meet MYNs investment objective to provide as high a level of current income exempt from U.S. federal income taxes and New York State and New York City personal income taxes as is consistent with its investment policies and prudent investment management. Under their stewardship, the Fund has delivered growth and stable monthly distributions. Your Board and management team are committed to protecting and advancing the interests of all shareholders, not just a few. MYN delivers for all shareholders 10.0% tax equivalent yield via Independent, experienced and proven Board monthly payments 10.2% return on net asset value in 2023, Outperformed New York municipal closed-end fund outperforming 100% of competitor funds peers since MYNs inception in 1992 40% increase in monthly distribution rate $12 million in share repurchases at a discount, since November 2023 enhancing value for shareholders We ask all shareholders to support their long-term investment in the Fund. As always, we will continue to prioritize your best interests and help you meet your financial goals. Thank you for your continued loyalty and support. Sincerely, John M. Perlowski President and Chief Executive Officer 1 Additional Information The Funds definitive proxy statement for the 2024 Annual Meeting of Shareholders in connection with solicitation of proxies from Fund shareholders has yet to be filed with the U.S. Securities and Exchange Commission (the SEC). After the definitive proxy statement is filed with the SEC, it may be amended or withdrawn. BEFORE MAKING ANY VOTING DECISION, SHAREHOLDERS ARE URGED TO READ THE NOTICE OF ANNUAL MEETING OF SHAREHOLDERS, DEFINITIVE PROXY STATEMENT, WHITE PROXY CARD AND ANY OTHER RELEVANT DOCUMENTS, WHEN THEY ARE AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE FUND AND THE UPCOMING ANNUAL MEETING OF SHAREHOLDERS. Shareholders can obtain additional copies of the notice of annual meeting, the definitive proxy statement and other documents, when they are filed by the Fund with the SEC, by directing a request to the Funds proxy solicitor by calling the toll-free number provided in the definitive proxy statement. Copies are also expected to be available at no charge at the website identified in the definitive proxy statement. Additional copies of the proxy materials will be delivered promptly upon request. Free copies of these materials can also be found on the SECs website at http://www.sec.gov. Pursuant to SEC proxy rules, the Funds Directors, nominees for Director and executive officers are participants in connection with the 2024 Annual Meeting of Shareholders. Certain regular employees and officers of the Funds investment manager, administrator, or any of their affiliates may become participants if any such persons solicit proxies. Shareholders may obtain information regarding the names, affiliations, and interests of these individuals in the Funds definitive proxy statement for the 2024 Annual Meeting of Shareholders when it is filed with the SEC. 2

View Full Filing

View this DEFA14A filing on SEC EDGAR