BlackRock MuniYield NY Quality Fund Files Proxy Statement

TL;DR

MYN filed its proxy statement, shareholders vote soon.

AI Summary

BlackRock MuniYield New York Quality Fund, Inc. (MYN) has filed a Definitive Proxy Statement (DEFA14A) on June 3, 2024. The filing concerns the company's proxy materials, which are standard for shareholder meetings and corporate governance. The fund is registered with the SEC under file number 811-06500 and has a fiscal year end of September 30.

Why It Matters

This filing is a routine proxy statement, essential for shareholders to understand proposals and vote on matters presented at the company's annual meeting, ensuring corporate governance and shareholder rights.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEFA14A) and does not contain new financial performance data or significant corporate actions.

Key Numbers

• 0930 — Fiscal Year End (Indicates the end of the company's annual accounting period.)

Key Players & Entities

• BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. (company) — Registrant
• MYN (company) — Ticker Symbol
• 0000882150 (company) — Central Index Key
• 223144223 (company) — IRS Number
• 811-06500 (company) — SEC File Number
• 241011788 (company) — Film Number
• 100 BELLEVUE PARKWAY (company) — Business Address Street 1
• WILMINGTON (company) — Business Address City
• DE (company) — Business Address State
• 19809 (company) — Business Address ZIP

FAQ

Filing Documents

• d796592ddefa14a.htm (DEFA14A) — 11KB
• g796592g01g01.jpg (GRAPHIC) — 366KB
• g796592g02g02.jpg (GRAPHIC) — 288KB
• 0001193125-24-152121.txt ( ) — 913KB

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) Vote today. YOUR Board is focused on protecting YOUR investment and advancing YOUR interests. Saba is only focused on Saba. Your investmentand the consistent distributions your Fund deliversare at risk. A dissident activist shareholder, Saba Capital Management L.P. (Saba), is attempting to install hand-picked board nominees loyal to its own interests. In doing so, Saba seeks to maximize its own returns, to the detriment of yours. BlackRock puts YOU first, and the decisive actions taken by YOUR Board and management team have had a meaningful, positive impact, creating value for all shareholders. The Funds nominees are fiduciaries with a track record of putting YOUR interests first 100% All nominees have closed-end fund experience 65+ Years of collective relevant leadership experience Market experts and business leaders from Wall Street to D.C. History of protecting your consistent distributions YOUR Funds Board management team have taken impactful actions #1 Best performing fund in peer group in 20231 8.9% Total market price return2 Outperformance: 5.5%2, 3 40% Past year distribution growth1 Peers: 29%1 25.5% Discount to NAV narrowing4 Sabas unqualified nominees are loyal to Sabas interests, not yours 0% None of Sabas nominees have any closed-end fund experience 0 Nominees have no insights into your Funds strategies or operations 0% None of Sabas nominees have any risk management or compliance experience Sabas nominees are beholden to Sabas interests, not yours 1 Bloomberg as of 5/20/2024; Peer set includes MHN, BNY, ENX, VTN, NRK, NAN, PNF, PNI, and PYN 2 Morningstar/BlackRock data as of 5/24/2024; Returns for time periods greater than 1 year are annualized; Returns on price assume dividends are reinvested 3 Outperformance against benchmark: Bloomberg Municipal Bond Index 4 Morningstar as of 5/24/2024; Discount to NAV narrowing from 12/31/2022 to 5/24/2024 BlackRock We ask that all shareholders vote on the enclosed WHITE proxy card today to preserve YOUR Fund: FOR BlackRock Board nominees IMPORTANT: Do not return any gold cards sent to you by Saba 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 Please do NOT send back any proxy card you may receive from Saba 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. 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.

View Full Filing

View this DEFA14A filing on SEC EDGAR