BlackRock MuniYield NY Quality Fund Files Proxy Statement

TL;DR

MYN filed its proxy statement, shareholders vote soon on fund matters.

AI Summary

BlackRock MuniYield New York Quality Fund, Inc. (MYN) filed a Definitive Proxy Statement (DEFA14A) on May 16, 2024. This filing is a standard proxy statement, indicating it's related to shareholder voting matters. The company's fiscal year ends on September 30th, and its business address is in Wilmington, DE.

Why It Matters

This filing is important for shareholders as it contains information regarding upcoming votes, such as director elections or proposals, which can impact the fund's management and strategy.

Risk Assessment

Risk Level: low — This is a routine proxy filing, not indicating any immediate financial distress or significant operational changes.

Key Numbers

• 0930 — Fiscal Year End (Indicates when the company's financial reporting cycle concludes.)

Key Players & Entities

• BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. (company) — Registrant
• MYN (company) — Ticker Symbol
• 20240516 (date) — Filing Date
• 0001193125-24-140663 (filing_id) — Accession Number
• 100 BELLEVUE PARKWAY, WILMINGTON, DE 19809 (address) — Business Address

FAQ

Filing Documents

• d838727ddefa14a.htm (DEFA14A) — 12KB
• g838727g10a01.jpg (GRAPHIC) — 340KB
• g838727g10a02.jpg (GRAPHIC) — 280KB
• 0001193125-24-140663.txt ( ) — 867KB

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 Your vote has never mattered more. At MYNs upcoming annual meeting on June 17, activist hedge fund Saba Capital Management (Saba) is threatening your dependable, income-paying investment by attempting to install its own hand-picked Board nominees. If Saba prevails, your Fundand the consistent monthly income you rely onwill be at risk. BlackRock is fighting for YOU. Vote today ONLY on the WHITE proxy card: FOR the BlackRock Board nominees ! IMPORTANT: DO NOT RETURN ANY GOLD CARD YOU RECEIVE FROM SABA MYN delivers on its investment objective and provides YOU with tax-exempt income at nearly 1.4x peers1 YOUR Board puts YOU first: Tax-exempt 40.3% VS. 29.3% MYN distribution Peer distribution income growth over past year growth over past year Risk MYN has outperformed peers over most timeframes diversification in the past 10 years1 Total Shareholder Return1 Peer median MYN Share buybacks 35.7% 10 years 38.2% 7.5% 5 years 11.4% Fee waivers and 7.0% reductions 1 year 9.8% Saba overpromises and underperforms. The risks in supporting Saba include: WIDER DISCOUNTS HIGHER FEES RISKY STRATEGIES The funds Saba has Saba raised costs, including Saba forces their funds commandeered now trade at hidden management fees from investments into risky, speculative wider discounts to net asset underlying funds, at both closed- strategies, like SPACs, crypto and value since Saba took over end funds Saba took over hedge funds 1. Bloomberg as of 4/30/2024; Peer set includes MHN, BNY, ENX, VTN, NRK, NAN, PNF, PNI, and PYN; Total shareholder return on price (assumes dividends are reinvested) We ask that all shareholders vote on the enclosed WHITE proxy card today to preserve YOUR Fund: Using the WHITE proxy card, your qualified Board unanimously recommends voting FOR the Boards Nominees, who have created value for all shareholders. DO NOT RETURN ANY GOLD CARD SENT TO YOU BY SABA, AS YOUR BLACKROCK VOTE WILL BE VOIDED How do I vote? Vote online Vote by phone Vote by mail Using the website provided By calling the toll-free By completing and on your enclosed WHITE number on your enclosed returning your enclosed proxy card and following WHITE proxy card and WHITE proxy card in the the simple instructions following the simple postage paid envelope instructions provided If you have already sent back the proxy card 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), toll free at 1-866-529-0466. Please do NOT send back any gold proxy card you may receive from Saba 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 shares. Performance results reflect past performance and are no guarantee of future results. Current performance may be lower or higher than the performance data quoted. All returns assume reinvestment of all dividends. The market value and net asset value (NAV) of a funds shares will fluctuate with market conditions. Closed-end

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View this DEFA14A filing on SEC EDGAR