BlackRock MuniYield NY Quality Fund Files Proxy Statement

TL;DR

MYN filed its DEFA14A proxy statement on 6/6/24. Standard shareholder vote stuff.

AI Summary

BlackRock MuniYield New York Quality Fund, Inc. (MYN) filed a Definitive Proxy Statement (DEFA14A) on June 6, 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, Delaware.

Why It Matters

This filing is a routine proxy statement, which is essential for shareholders to understand upcoming voting matters and corporate governance decisions for BlackRock MuniYield New York Quality Fund.

Risk Assessment

Risk Level: low — This is a routine proxy statement filing, which typically does not involve significant new risks or changes in strategy.

Key Players & Entities

• BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. (company) — Registrant
• MYN (company) — Ticker Symbol
• 0001193125-24-156109 (filing_id) — Accession Number
• 20240606 (date) — Filing Date

FAQ

Key Financial Figures

• $3.6 billion — ue BlackRock CEFs over time, generating $3.6 billion in gains in 2023 alone while arent deli
• $3.1 billion — le arent delivering paying shareholders $3.1 billion per year via dividends4. We results for
• $1.3 billion — lts for investors have also repurchased $1.3 billion in shares, generating over $200 million
• $200 million — $1.3 billion in shares, generating over $200 million in gains5. Myth Reality Saba claims to

Filing Documents

• d836147ddefa14a.htm (DEFA14A) — 14KB
• g836147g01a01.jpg (GRAPHIC) — 297KB
• g836147g02a01.jpg (GRAPHIC) — 337KB
• g836147g03a01.jpg (GRAPHIC) — 256KB
• 0001193125-24-156109.txt ( ) — 1242KB

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) BlackRock is fighting for you. Vote now and make your voice heard: Vote today! Vote today: ? How to vote: Defend your fund, Phone FOR the BlackRock nominees save your income. Online WHITE proxy card HOW TO VOTE: Use the WHITE proxy card, and vote FOR your experienced nominees. 1. To Elect the Class II Board Member Nominees. AGAINST ABSTAIN 1.1 J. Phillip Holloman 1.2 Arthur P. Steinmetz ! IMPORTANT: Do not return any gold proxy card from Saba BlackRock is delivering real value: Your Fund outperformed Sustainable distributions grew, peers in 20231 more than peers1 Distribution enhancements (May 2023 May 2024)1 Total shareholder returns (2023)1 +40.3% 9.78% 7.00% MYN +29.9% MYN Peer median Peers Actions taken by your Board and Meaningful fee waivers increase management MYNs discount team to NAV have narrowed your return on investment. BlackRock As recently announced as May 2024, further fee Discount narrowing 2 waivers to maximize your tax-25.5% exempt income3 Since takeover, investors in Saba-Discount 13.3% 9.9% managed CEFs have seen to NAV2 ! management fees increase 12/31/2022 5/24/2024 1 Bloomberg as of 5/24/2024; Notes: Peer set includes MHN, BNY, ENX, VTN, NRK, NAN, PNF, PNI, and PYN; Total shareholder return on price annualized for periods longer than 1 year (assumes dividends are reinvested); Distribution growth over the past year 2 12/31/20225/24/2024: Morningstar/BlackRock data as of 5/24/2024 3 BlackRock Press Release (5/20/2024) The truth about Saba Setting the record straight Saba has made numerous unsubstantiated claims about BlackRock, your Fund, and your Boardbut they do not add up. Myth Reality Saba claims that Saba has chosen to use its vast resources to buy large stakes its actions are in in closed-end funds (CEF), engage in costly proxy fights, and the best interest of force actions that provide Saba with a quick profit for CEF shareholders themselves at your expense. Myth Reality Saba claims BlackRock CEFs have delivered consistent long-term value BlackRock CEFs over time, generating $3.6 billion in gains in 2023 alone while arent delivering paying shareholders $3.1 billion per year via dividends4. We results for investors have also repurchased $1.3 billion in shares, generating over $200 million in gains5. Myth Reality Saba claims to be a BlackRock has a 35+ year track record of delivering long-term better CEF manager value for CEF shareholders. than BlackRock At the funds Saba has taken over (BRW, SABA), shareholders are now exposed to riskier strategies, leaving them with a fund that no longer serves their original goals, as well as higher management fees. Sabas CEF track is marked by failure and underperformance6: BRW Total Shareholder Return6 BRW Morningstar US CEF Bank Loans BlackRock Bank Loans Funds Median 13.4% Since takeover (6/4/2021 18.0% 5/24/2024) 30.6% 4 Annualized estimate based on June 2024 dividends for BlackRock closed-end funds 5 BlackRock. Since inception of the funds repurchase programs to 4/30/2024. Date of inception of BCAT, ECAT, BIGZ, BMEZ and BSTZ repurchase programs is 11/19/2021. Date of inception of BFZ, BNY, MHN, MPA and MYN repurchase programs is 11/15/2018 6 Bloomberg as of 5/24/2024; Total shareholder return on price (assumes dividends are reinvested) Vote today. Make your voice heard, and save your fund and your investment. This is no time for taking chances. We need all shareholders to vote on the enclosed WHITE proxy card today to preserve YOUR Fund: AGAINST ABSTAIN 1. To Elect the Class II Board Member Nominees. 1.1 J. Phillip Holloman 1.2 Arthur P. Steinmetz 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 card in the the simple instructions following the simple postage paid envelope instructions provided ! Do NOT send back any proxy card y

View Full Filing

View this DEFA14A filing on SEC EDGAR