Saba Capital Amends BlackRock MuniYield NY Quality Fund Stake

TL;DR

**Saba Capital just filed an amendment on its BlackRock MuniYield NY Quality Fund stake, signaling ongoing activity!**

AI Summary

Saba Capital Management, L.P. filed an Amendment No. 2 to its Schedule 13D/A on February 28, 2024, regarding its beneficial ownership in BlackRock MuniYield New York Quality Fund, Inc. The filing indicates an ongoing interest by Saba Capital Management, L.P., a group that includes Boaz R. Weinstein and Saba Capital Management GP, LLC, in the common shares of the fund, which have a par value of $0.10. This amendment updates previous disclosures, though specific changes in ownership percentage or intent are not detailed in the provided excerpt.

Why It Matters

An amended 13D filing signals a change in a significant shareholder's position or intent, which can influence the market's perception of the company and potentially lead to activist actions or strategic shifts.

Risk Assessment

Risk Level: medium — An amendment to a 13D indicates a change in a significant shareholder's position, which can introduce uncertainty or potential for activist engagement.

Key Numbers

• $0.10 — Par Value (Par value of the Common Shares of BlackRock MuniYield New York Quality Fund, Inc.)

Key Players & Entities

• BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. (company) — Subject Company
• Saba Capital Management, L.P. (company) — Filing Party
• BOAZ R. WEINSTEIN (person) — Group Member
• SABA CAPITAL MANAGEMENT GP, LLC (company) — Group Member
• $0.10 (dollar_amount) — Par value of common shares

FAQ

Key Financial Figures

• $0.10 — INC (Name of Issuer) Common Shares, $0.10 par value (Title of Class of Securiti
• $24,823,762 — ported herein. A total of approximately $24,823,762 was paid to acquire the Common Shares r

Filing Documents

• formsc13da.htm (SC 13D/A) — 46KB
• 0001062993-24-004696.txt ( ) — 48KB

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: February 28, 2024 SABA CAPITAL MANAGEMENT, L.P. By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Chief Compliance Officer SABA CAPITAL MANAGEMENT GP, LLC By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Authorized Signatory BOAZ R. WEINSTEIN By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Attorney-in-fact* * Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823 Schedule A This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital since the filing of the Schedule 13D/A on 2/20/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 2/20/2024 Buy 96,391 10.28 2/21/2024 Buy 126,964 10.41 2/22/2024 Buy 12,281 10.44 2/26/2024 Buy 202,624 10.47 2/27/2024 Buy 36,000 10.48

View Full Filing

View this SC 13D/A filing on SEC EDGAR