BlackRock MuniYield NY Quality Fund Files Proxy Statement

TL;DR

MYN filed its proxy statement, get ready for shareholder votes.

AI Summary

BlackRock MuniYield New York Quality Fund, Inc. (MYN) filed a Definitive Proxy Statement (DEFA14A) on May 10, 2024. This filing is a standard proxy statement, indicating it's related to shareholder voting matters for the fund. The document does not contain specific financial figures or proposals but serves as official communication to shareholders.

Why It Matters

This filing is a routine communication to shareholders of the BlackRock MuniYield New York Quality Fund, Inc., detailing information relevant to upcoming shareholder meetings and voting.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not contain new financial information or proposals that would inherently increase risk.

Key Players & Entities

• BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. (company) — Registrant
• MYN (company) — Ticker Symbol
• 0001193125-24-136264 (filing_id) — Accession Number
• 20240510 (date) — Filing Date

FAQ

Key Financial Figures

• $12 million — Share Repurchases MYN bought back over $12 million of shares, adding ~$2 million in value
• $2 million — ack over $12 million of shares, adding ~$2 million in value since inception 2 Increased Di

Filing Documents

• d838627ddefa14a.htm (DEFA14A) — 12KB
• g838627g01g01.jpg (GRAPHIC) — 279KB
• g838627g02g02.jpg (GRAPHIC) — 202KB
• 0001193125-24-136264.txt ( ) — 676KB

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 Definitive Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) 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. YOUR vote matters BlackRock MuniYield New York Quality Fund, Inc. (NYSE: MYN) Defend YOUR Fund, Save YOUR Income BlackRock is fighting for YOU. Help YOUR Fund by voting on the WHITE card. Why am I receiving this letter? This years Annual Meeting on June 17th will be different. Activist hedge fund Saba Capital Management, L.P. (Saba) is trying to install its own Board members. YOUR experienced board and BlackRock ensure the stability and consistency of YOUR income. Sabas self-serving agenda will harm shareholders and put YOUR income and YOUR investment at risk. We believe that Sabas motives conflict with YOUR best interests as a shareholder. They pretend to be on YOUR side, but we have seen Saba take self-serving actions time and again to make a quick profit for their wealthy investors, which may result in harmful outcomes for shareholders. × Loss of income that YOU rely on × Higher fees × Riskier investments and increased volatility × Poor performance as a closed-end fund manager × Liquidation, which means forced selling at fire sale prices and tax consequences for YOU Protect YOUR financial future and help us prevent a hedge fund from lining its pockets with YOUR savings. How does your independent, qualified Board recommend that you vote? Using the WHITE proxy card, your Board unanimously recommends voting FOR the Boards Nominees, who have created value for all shareholders. IMPORTANT: Please do NOT send back any proxy card you may receive from Saba as this will cancel your prior vote on the Boards card. Only your latest dated proxy will count at the Annual Meeting. 1. Morningstar data as of April 30, 2024. Peer group reflects the Morningstar Closed-End Muni New York Long category, not including BlackRock funds 2. BlackRock data as of April 30, 2024 3. Morningstar data as of April 30, 2024 35+ Years BlackRock has been a closed-end fund leader since 1988 #1 Fund YOUR experienced Board and investment managers have led MYN to be the top performing fund in its peer group in 20231 Share Repurchases MYN bought back over $12 million of shares, adding ~$2 million in value since inception 2 Increased Distributions MYN increased monthly distributions by 40% since November 20233 We ask that all shareholders vote on the enclosed WHITE proxy card today to preserve YOUR Fund: FOR BlackRock Board nominees How do I vote? Vote online Using the website provided on your enclosed white proxy card and following the simple instructions Vote by phone By calling the toll-free number on your enclosed white proxy card and following the simple instructions Vote by mail By completing and returning your enclosed white proxy card in the postage paid envelope provided Please do NOT send back any proxy card you may receive from Saba If you have already sent back the proxy card you received from Saba, you can still change your vote by promptly voting on the WHITE proxy card, which will replace the proxy card you previously completed. If you have any questions about the proposal to be voted, please feel free to contact Georgeson LLC (Georgeson), tollfree at 1-866-529-0466. Important information about the Fund This material is not an advertisement and is intended for existing shareholder use only. This document and the information contained herein relates solely to BlackRock MuniYield New York Quality Fund, Inc. (MYN). The information contained herein does not relate to, and is not relevant to, any other fund or product sponsored or distributed by BlackRock or any of its affiliates. This document is not an offer to sell any securities and is not a solicitation of an offer to buy any securities. Common shares for the closed-end fund identified above are only available for purchase and sale at current market price on a stock exchange. A closed-end funds dividend yield, market price and NAV will fluctuate with market conditions. The information for this Fund is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund share

View Full Filing

View this DEFA14A filing on SEC EDGAR