BlackRock New York Municipal Income Trust
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment
Company Act file number 811-10337
Name of Fund: BlackRock New York Municipal Income Trust (BNY)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock New York Municipal Income Trust,
55 East 52nd Street, New York, NY 10055
Registrant’s telephone number, including area code:
(800) 882-0052, Option 4
Date of fiscal year end: 07/31/2016
Date of reporting period: 04/30/2016
Item 1 – Schedule of Investments
|
|
|
| Schedule of Investments April 30, 2016 (Unaudited) |
|
BlackRock New York Municipal Income Trust (BNY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York —
126.1% |
|
| Corporate — 7.0% |
|
| City of New York New York Build Resource Corp., Refunding RB, Pratt Paper, Inc. Project, AMT, 5.00%, 1/01/35 (a) |
|
$ |
280 |
|
|
$ |
303,946 |
|
| City of New York New York Industrial Development Agency, ARB, American Airlines, Inc., JFK International Airport Project, AMT
(b): |
|
|
|
|
|
|
|
|
| 7.63%, 8/01/25 |
|
|
3,200 |
|
|
|
3,288,032 |
|
| 7.75%, 8/01/31 |
|
|
4,000 |
|
|
|
4,111,320 |
|
| City of New York New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC, Series A, AMT,
5.00%, 7/01/28 |
|
|
795 |
|
|
|
876,877 |
|
| County of Essex New York Industrial Development Agency, RB, International Paper Co. Project, Series A, AMT, 6.63%,
9/01/32 |
|
|
550 |
|
|
|
602,129 |
|
| County of Onondaga New York Industrial Development Agency, RB, Bristol-Meyers Squibb Co. Project, AMT, 5.75%,
3/01/24 |
|
|
1,000 |
|
|
|
1,279,450 |
|
| New York Liberty Development Corp., Refunding RB, Goldman Sachs Headquarters, 5.25%, 10/01/35 |
|
|
1,655 |
|
|
|
2,101,254 |
|
| Niagara Area Development Corp., Refunding RB, Solid Waste Disposal Facility, Covanta Energy Project, Series A, AMT, 5.25%, 11/01/42
(a) |
|
|
1,500 |
|
|
|
1,522,410 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
14,085,418 |
|
| County/City/Special District/School District — 34.8% |
|
| City of New York New York, GO: |
|
|
|
|
|
|
|
|
| Series A-1, 4.75%, 8/15/25 |
|
|
750 |
|
|
|
814,013 |
|
| Series A-1, 5.00%, 8/01/35 |
|
|
1,000 |
|
|
|
1,164,940 |
|
| Series D, 5.38%, 6/01/32 |
|
|
25 |
|
|
|
25,103 |
|
| Series G-1, 6.25%, 12/15/31 |
|
|
15 |
|
|
|
17,178 |
|
| Sub-Series D-1, Fiscal 2014, 5.00%, 8/01/31 |
|
|
690 |
|
|
|
831,719 |
|
| Sub-Series G-1, 6.25%, 12/15/18 (c) |
|
|
485 |
|
|
|
554,049 |
|
| Sub-Series G-1, 5.00%, 4/01/28 |
|
|
630 |
|
|
|
752,932 |
|
| Sub-Series G-1, 5.00%, 4/01/29 |
|
|
750 |
|
|
|
894,240 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| County/City/Special District/School District (continued) |
|
| City of New York New York, GO (continued): |
|
|
|
|
|
|
|
|
| Sub-Series I-1, 5.38%, 4/01/19 (c) |
|
$ |
305 |
|
|
$ |
344,748 |
|
| Sub-Series I-1, 5.38%, 4/01/36 |
|
|
1,445 |
|
|
|
1,629,411 |
|
| City of New York New York, GO, Refunding: |
|
|
|
|
|
|
|
|
| Series E, 5.50%, 8/01/25 |
|
|
1,280 |
|
|
|
1,636,954 |
|
| Series E, 5.00%, 8/01/30 |
|
|
1,000 |
|
|
|
1,195,930 |
|
| Series I, 5.00%, 8/01/30 |
|
|
1,000 |
|
|
|
1,190,450 |
|
| City of New York New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured: |
|
|
|
|
|
|
|
|
| 5.00%, 11/15/40 |
|
|
2,500 |
|
|
|
2,948,650 |
|
| 4.00%, 11/15/45 |
|
|
440 |
|
|
|
476,172 |
|
| 5.00%, 11/15/45 |
|
|
3,700 |
|
|
|
4,336,992 |
|
| City of New York New York Housing Development Corp., RB, M/F Housing, Fund Grant Program, New York City Housing Authority Program,
Series B1: |
|
|
|
|
|
|
|
|
| 5.25%, 7/01/32 |
|
|
1,140 |
|
|
|
1,348,745 |
|
| 5.00%, 7/01/33 |
|
|
500 |
|
|
|
577,685 |
|
| City of New York New York Industrial Development Agency, ARB, American Airlines, Inc., JFK International Airport Project, AMT,
Series B,
2.00%, 8/01/28 (b) |
|
|
4,170 |
|
|
|
4,177,881 |
|
| City of New York New York Industrial Development Agency, RB, PILOT: |
|
|
|
|
|
|
|
|
| CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 3/01/42 (d) |
|
|
1,960 |
|
|
|
736,999 |
|
| CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 3/01/45 (d) |
|
|
1,500 |
|
|
|
499,095 |
|
| Queens Baseball Stadium (AGC),
6.38%, 1/01/39 |
|
|
150 |
|
|
|
170,096 |
|
| Queens Baseball Stadium (AMBAC),
5.00%, 1/01/39 |
|
|
3,000 |
|
|
|
3,057,060 |
|
| Queens Baseball Stadium (AMBAC),
5.00%, 1/01/46 |
|
|
250 |
|
|
|
254,405 |
|
| Yankee Stadium Project (NPFGC),
5.00%, 3/01/46 |
|
|
500 |
|
|
|
505,110 |
|
| Yankee Stadium Project (NPFGC),
4.75%, 3/01/46 |
|
|
350 |
|
|
|
354,053 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST |
|
APRIL 30, 2016 |
|
1 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Trust (BNY) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| County/City/Special District/School District (continued) |
|
| City of New York New York Industrial Development Agency, Refunding ARB, Transportation Infrastructure Properties LLC, Series A, AMT,
5.00%, 7/01/22 |
|
$ |
650 |
|
|
$ |
741,189 |
|
| City of New York New York Transitional Finance Authority, RB, Fiscal 2012, Sub-Series E-1,
5.00%, 2/01/42 |
|
|
2,500 |
|
|
|
2,919,200 |
|
| Haverstraw-Stony Point Central School District, GO, Refunding: |
|
|
|
|
|
|
|
|
| 5.00%, 10/15/35 |
|
|
240 |
|
|
|
288,566 |
|
| (AGM), 3.00%, 10/15/34 |
|
|
465 |
|
|
|
471,468 |
|
| Hudson Yards Infrastructure Corp., RB, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 2/15/47 |
|
|
5,485 |
|
|
|
5,645,711 |
|
| 5.75%, 2/15/47 |
|
|
200 |
|
|
|
235,146 |
|
| (AGC), 5.00%, 2/15/47 |
|
|
1,000 |
|
|
|
1,030,760 |
|
| (AGM), 5.00%, 2/15/47 |
|
|
1,000 |
|
|
|
1,030,760 |
|
| (NPFGC), 4.50%, 2/15/47 |
|
|
4,500 |
|
|
|
4,609,440 |
|
| Metropolitan Transportation Authority, Refunding RB, Transportation, Series D, 5.00%, 11/15/34 |
|
|
800 |
|
|
|
927,856 |
|
| New York Liberty Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| 2nd Priority, Bank of America Tower at One Bryant Park Project, Class 2,
5.63%, 7/15/47 |
|
|
2,000 |
|
|
|
2,297,460 |
|
| 2nd Priority, Bank of America Tower at One Bryant Park Project, Class 3,
6.38%, 7/15/49 |
|
|
1,200 |
|
|
|
1,350,384 |
|
| 3 World Trade Center Project, Class 2,
5.38%, 11/15/40 (a) |
|
|
480 |
|
|
|
528,821 |
|
| 4 World Trade Center Project, 5.00%, 11/15/31 |
|
|
860 |
|
|
|
1,014,542 |
|
| 4 World Trade Center Project, 5.00%, 11/15/44 |
|
|
7,655 |
|
|
|
8,798,121 |
|
| 4 World Trade Center Project, 5.75%, 11/15/51 |
|
|
1,340 |
|
|
|
1,599,357 |
|
| 7 World Trade Center Project, Class 1,
4.00%, 9/15/35 |
|
|
1,935 |
|
|
|
2,133,879 |
|
| 7 World Trade Center Project, Class 2,
5.00%, 9/15/43 |
|
|
1,670 |
|
|
|
1,885,163 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| County/City/Special District/School District (continued) |
|
| New York Liberty Development Corp., Refunding RB (continued): |
|
|
|
|
|
|
|
|
| 7 World Trade Center Project, Class 3,
5.00%, 3/15/44 |
|
$ |
2,070 |
|
|
$ |
2,321,132 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
70,323,565 |
|
| Education — 30.4% |
|
| Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp., Series A (AGM), 4.63%,
10/01/40 |
|
|
1,100 |
|
|
|
1,179,849 |
|
| Build New York City Resource Corp., Refunding RB, New York Law School Project: |
|
|
|
|
|
|
|
|
| 5.00%, 7/01/41 |
|
|
400 |
|
|
|
452,360 |
|
| 4.00%, 7/01/45 |
|
|
735 |
|
|
|
753,360 |
|
| Build NYC Resource Corp., Refunding RB, City University New York-Queens College Student Residences, LLC Project, Series A, 5.00%,
6/01/38 |
|
|
250 |
|
|
|
288,385 |
|
| City of New York New York Trust for Cultural Resources, RB, Juilliard School, Series A, 5.00%, 1/01/39 |
|
|
750 |
|
|
|
828,060 |
|
| City of New York New York Trust for Cultural Resources, Refunding RB: |
|
|
|
|
|
|
|
|
| American Museum of Natural History, Series A, 5.00%, 7/01/37 |
|
|
225 |
|
|
|
264,337 |
|
| Carnegie Hall, Series A, 4.75%, 12/01/39 |
|
|
2,000 |
|
|
|
2,224,960 |
|
| Museum of Modern Art, Series 1A,
5.00%, 4/01/31 |
|
|
1,000 |
|
|
|
1,091,640 |
|
| City of Niagara Falls New York, GO, Refunding (BAM) (e): |
|
|
|
|
|
|
|
|
| 3.00%, 5/15/36 |
|
|
265 |
|
|
|
255,012 |
|
| 3.00%, 5/15/37 |
|
|
400 |
|
|
|
382,352 |
|
| City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project: |
|
|
|
|
|
|
|
|
| Series A, 5.13%, 9/01/40 |
|
|
3,135 |
|
|
|
3,551,265 |
|
| Series B, 4.00%, 8/01/35 |
|
|
470 |
|
|
|
505,358 |
|
| City of Yonkers New York Industrial Development Agency, RB, Sarah Lawrence College Project, Series A,
6.00%,
6/01/41 |
|
|
625 |
|
|
|
704,475 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 2 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST |
|
APRIL 30, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Trust (BNY) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| Education (continued) |
|
| County of Cattaraugus New York, RB, St. Bonaventure University Project, 5.00%, 5/01/34 |
|
$ |
170 |
|
|
$ |
189,049 |
|
| County of Dutchess New York Industrial Development Agency, RB, Bard College Civic Facility, Series A-2, 4.50%,
8/01/36 |
|
|
4,155 |
|
|
|
3,783,418 |
|
| County of Madison New York Industrial Development Agency, RB, Commons II LLC, Student Housing, Series A (CIFG), 5.00%, 6/01/18
(c) |
|
|
275 |
|
|
|
298,257 |
|
| County of Monroe New York Industrial Development Corp., RB, University of Rochester Project, Series A, 5.00%,
7/01/31 |
|
|
1,900 |
|
|
|
2,179,737 |
|
| County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project, Series A, 5.00%,
7/01/38 |
|
|
320 |
|
|
|
370,627 |
|
| County of Nassau New York Industrial Development Agency, Refunding RB, New York Institute of Technology Project, Series A, 4.75%,
3/01/26 |
|
|
1,165 |
|
|
|
1,264,141 |
|
| County of Orange New York Funding Corp., Refunding RB, Mount St. Mary College Project, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 7/01/37 |
|
|
360 |
|
|
|
401,353 |
|
| 5.00%, 7/01/42 |
|
|
220 |
|
|
|
244,092 |
|
| County of St. Lawrence New York Industrial Development Agency, RB, Clarkson University Project, 5.38%, 9/01/41 |
|
|
750 |
|
|
|
880,035 |
|
| County of Tompkins New York Development Corp., RB, Ithaca College Project (AGM), 5.50%, 7/01/33 |
|
|
700 |
|
|
|
812,476 |
|
| Geneva Development Corp., Refunding RB, Hobart and William Smith Colleges, 5.25%, 9/01/44 |
|
|
500 |
|
|
|
580,020 |
|
| State of New York Dormitory Authority, Refunding RB, Barnard College, Series A, 5.00%, 7/01/33 |
|
|
530 |
|
|
|
636,541 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| Education (continued) |
|
| State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
| Convent of the Sacred Heart (AGM), 5.75%, 11/01/40 |
|
$ |
210 |
|
|
$ |
246,351 |
|
| Convent of the Sacred Heart (AGM), 5.25%, 11/01/24 |
|
|
155 |
|
|
|
183,145 |
|
| Convent of the Sacred Heart (AGM), 5.63%, 11/01/32 |
|
|
750 |
|
|
|
892,275 |
|
| New York University Mount Sinai School of Medicine, 5.13%, 7/01/19 (c) |
|
|
2,000 |
|
|
|
2,256,280 |
|
| New York University, Series 1 (AMBAC), 5.50%, 7/01/40 |
|
|
1,440 |
|
|
|
1,994,213 |
|
| New York University, Series A (AMBAC), 5.00%, 7/01/17 (c) |
|
|
1,000 |
|
|
|
1,050,590 |
|
| New York University, Series B, 5.00%, 7/01/37 |
|
|
1,250 |
|
|
|
1,479,437 |
|
| Series B, 5.75%, 3/15/36 |
|
|
600 |
|
|
|
684,132 |
|
| State University Dormitory Facilities, Series A, 5.00%, 7/01/39 |
|
|
750 |
|
|
|
833,363 |
|
| State University Dormitory Facilities, Series A, 5.00%, 7/01/41 |
|
|
2,000 |
|
|
|
2,306,140 |
|
| Teachers College, Series B, 5.00%, 7/01/42 |
|
|
1,625 |
|
|
|
1,879,101 |
|
| Touro College & University System, Series A, 5.25%, 1/01/34 |
|
|
800 |
|
|
|
884,936 |
|
| Touro College & University System, Series A, 5.50%, 1/01/39 |
|
|
2,000 |
|
|
|
2,219,020 |
|
| University of Rochester, Series A,
5.13%, 7/01/39 |
|
|
850 |
|
|
|
953,675 |
|
| University of Rochester, Series A,
5.75%, 7/01/39 |
|
|
650 |
|
|
|
737,971 |
|
| University of Rochester, Series B,
5.00%, 1/01/17 (c) |
|
|
500 |
|
|
|
514,700 |
|
| State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| 3rd General Resolution, State University Educational Facilities Issue, Series A, 5.00%, 5/15/29 |
|
|
2,000 |
|
|
|
2,393,560 |
|
| Barnard College, Series A, 4.00%, 7/01/36 |
|
|
410 |
|
|
|
446,424 |
|
| Brooklyn Law School, 5.75%, 7/01/33 |
|
|
475 |
|
|
|
531,421 |
|
| Cornell University, Series A, 5.00%, 7/01/40 |
|
|
1,000 |
|
|
|
1,145,170 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST |
|
APRIL 30, 2016 |
|
3 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Trust (BNY) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| Education (continued) |
|
| State of New York Dormitory Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| Culinary Institute of America, 5.00%, 7/01/42 |
|
$ |
300 |
|
|
$ |
331,962 |
|
| Fordham University, 5.00%, 7/01/44 |
|
|
850 |
|
|
|
975,681 |
|
| Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 7/01/35 |
|
|
1,600 |
|
|
|
1,866,032 |
|
| New York University, Series A, 5.00%, 7/01/37 |
|
|
1,790 |
|
|
|
2,118,554 |
|
| Rochester Institute of Technology,
5.00%, 7/01/42 |
|
|
1,790 |
|
|
|
2,033,458 |
|
| Skidmore College, Series A, 5.00%, 7/01/28 |
|
|
75 |
|
|
|
86,841 |
|
| Skidmore College, Series A, 5.25%, 7/01/29 |
|
|
85 |
|
|
|
100,109 |
|
| St. John’s University, Series A, 5.00%, 7/01/37 |
|
|
1,000 |
|
|
|
1,165,400 |
|
| State University Dormitory Facilities, Series A, 5.25%, 7/01/30 |
|
|
2,355 |
|
|
|
2,878,940 |
|
| State University Dormitory Facilities, Series A, 5.25%, 7/01/32 |
|
|
445 |
|
|
|
536,550 |
|
| State University Dormitory Facilities, Series B, 3.50%, 7/01/34 |
|
|
415 |
|
|
|
431,857 |
|
| Teachers College, 5.50%, 3/01/39 |
|
|
450 |
|
|
|
502,178 |
|
| St. John’s Univerisity, Series A,
5.00%, 7/01/34 |
|
|
250 |
|
|
|
297,103 |
|
| Town of Hempstead New York Local Development Corp., Refunding RB, Adelphi University Project, 5.00%, 10/01/35 |
|
|
415 |
|
|
|
486,127 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
61,563,855 |
|
| Health — 14.1% |
|
| County of Dutchess New York Local Development Corp., Refunding RB, Health Quest System, Inc., Series A, 5.75%,
7/01/40 |
|
|
300 |
|
|
|
343,641 |
|
| County of Genesee New York Industrial Development Agency, Refunding RB, United Memorial Medical Center Project, 5.00%,
12/01/27 |
|
|
465 |
|
|
|
465,521 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| Health (continued) |
|
| County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project, Series A, 5.00%,
12/01/32 |
|
$ |
240 |
|
|
$ |
272,179 |
|
| County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project (FHA), 5.50%,
8/15/40 |
|
|
1,650 |
|
|
|
1,931,870 |
|
| County of Nassau New York Local Economic Assistance Corp., Refunding RB, Winthrop University Hospital Association Project, 5.00%,
7/01/42 |
|
|
2,800 |
|
|
|
3,057,180 |
|
| County of Suffolk New York Economic Development Corp., RB, Catholic Health Services, Series C, 5.00%, 7/01/32 |
|
|
230 |
|
|
|
263,111 |
|
| County of Suffolk New York Industrial Development Agency, Refunding RB, Jefferson’s Ferry Project, 5.00%,
11/01/28 |
|
|
1,175 |
|
|
|
1,189,793 |
|
| County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien: |
|
|
|
|
|
|
|
|
| Remarketing, Series A, 5.00%, 11/01/30 |
|
|
3,130 |
|
|
|
3,527,009 |
|
| Series B, 6.00%, 11/01/20 (c) |
|
|
435 |
|
|
|
530,435 |
|
| Series B, 6.00%, 11/01/30 |
|
|
65 |
|
|
|
75,031 |
|
| County of Westchester New York Local Development Corp., Refunding RB, Kendal On Hudson Project: |
|
|
|
|
|
|
|
|
| 5.00%, 1/01/28 |
|
|
675 |
|
|
|
767,421 |
|
| 5.00%, 1/01/34 |
|
|
1,250 |
|
|
|
1,385,750 |
|
| State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
| Hudson Valley Hospital (BHAC) (FHA),
5.00%, 8/15/36 |
|
|
750 |
|
|
|
788,243 |
|
| New York State Association for Retarded Children, Inc., Series A, 6.00%, 7/01/32 |
|
|
500 |
|
|
|
574,135 |
|
| New York State Association for Retarded Children, Inc., Series B (AMBAC),
6.00%, 7/01/32 |
|
|
200 |
|
|
|
229,654 |
|
| New York University Hospitals Center, Series A,
6.00%, 7/01/20 (c) |
|
|
500 |
|
|
|
578,355 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 4 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST |
|
APRIL 30, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Trust (BNY) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| Health (continued) |
|
| State of New York Dormitory Authority, RB (continued): |
|
|
|
|
|
|
|
|
| North Shore-Long Island Jewish Obligated Group, Series D, 4.25%, 5/01/39 |
|
$ |
1,000 |
|
|
$ |
1,065,960 |
|
| State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Miriam Osborn Memorial Home Association, 5.00%, 7/01/29 |
|
|
290 |
|
|
|
310,410 |
|
| Mount Sinai Hospital, Series A, 5.00%, 7/01/26 |
|
|
1,385 |
|
|
|
1,584,551 |
|
| New York University Hospitals Center, Series A, 5.00%, 7/01/17 (c) |
|
|
3,390 |
|
|
|
3,563,127 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/32 |
|
|
1,750 |
|
|
|
2,018,712 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/41 |
|
|
1,000 |
|
|
|
1,135,070 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/43 |
|
|
1,430 |
|
|
|
1,643,285 |
|
| North Shore-Long Island Jewish Obligated Group, Series E, 5.50%, 5/01/33 |
|
|
1,100 |
|
|
|
1,221,517 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
28,521,960 |
|
| Housing — 1.2% |
|
| City of New York New York Housing Development Corp., Refunding RB, M/F Housing, 8 Spruce Street, Class F, 4.50%,
2/15/48 |
|
|
925 |
|
|
|
983,108 |
|
| State of New York HFA, RB, M/F Housing, Highland Avenue Senior Apartments, Series A, AMT (SONYMA), 5.00%, 2/15/39 |
|
|
1,500 |
|
|
|
1,514,925 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
2,498,033 |
|
| State — 10.2% |
|
| City of New York New York Transitional Finance Authority, BARB, Series S-2 (NPFGC), 4.25%, 1/15/34 |
|
|
1,015 |
|
|
|
1,036,021 |
|
| City of New York New York Transitional Finance Authority, RB, Future Tax Secured, 5.00%, 2/01/32 |
|
|
5,000 |
|
|
|
6,032,600 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| State (continued) |
|
| State of New York Dormitory Authority, RB, General Purpose: |
|
|
|
|
|
|
|
|
| Series B, 5.00%, 3/15/42 |
|
$ |
4,380 |
|
|
$ |
5,087,764 |
|
| Series C, 5.00%, 3/15/34 |
|
|
2,185 |
|
|
|
2,529,771 |
|
| State of New York Dormitory Authority, Refunding RB, School Districts Financing Program, Series A (AGM), 5.00%, 10/01/18
(c) |
|
|
395 |
|
|
|
431,071 |
|
| State of New York Thruway Authority, RB, Transportation, Series A, 5.00%, 3/15/32 |
|
|
320 |
|
|
|
382,301 |
|
| State of New York Thruway Authority, Refunding RB, 2nd General Highway & Bridge Trust, Series A,
5.00%,
4/01/32 |
|
|
2,500 |
|
|
|
2,975,300 |
|
| State of New York Urban Development Corp., RB, State Personal Income Tax, Series C: |
|
|
|
|
|
|
|
|
| 5.00%, 3/15/30 |
|
|
885 |
|
|
|
1,066,018 |
|
| 5.00%, 3/15/32 |
|
|
1,000 |
|
|
|
1,194,690 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
20,735,536 |
|
| Tobacco — 0.8% |
|
| Counties of New York Tobacco Trust IV, Refunding RB, Settlement Pass-Through Turbo, Series A,
6.25%, 6/01/41 (a) |
|
|
1,000 |
|
|
|
1,053,510 |
|
| County of Chautauqua New York Tobacco Asset Securitization Corp., Refunding RB, 4.75%, 6/01/39 |
|
|
150 |
|
|
|
150,996 |
|
| County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed: |
|
|
|
|
|
|
|
|
| 5.25%, 5/15/34 |
|
|
250 |
|
|
|
289,355 |
|
| 5.25%, 5/15/40 |
|
|
110 |
|
|
|
125,462 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
1,619,323 |
|
| Transportation — 19.5% |
|
| Metropolitan Transportation Authority, RB: |
|
|
|
|
|
|
|
|
| Series A-1, 5.25%, 11/15/33 |
|
|
540 |
|
|
|
659,367 |
|
| Series C, 6.50%, 11/15/18 (c) |
|
|
745 |
|
|
|
852,965 |
|
| Series C, 6.50%, 11/15/28 |
|
|
255 |
|
|
|
291,883 |
|
| Series D, 5.25%, 11/15/41 |
|
|
1,000 |
|
|
|
1,184,600 |
|
| Series E, 5.00%, 11/15/38 |
|
|
4,000 |
|
|
|
4,728,880 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST |
|
APRIL 30, 2016 |
|
5 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Trust (BNY) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| Transportation (continued) |
|
| Metropolitan Transportation Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Green Bonds, Series A-1, 4.00%, 11/15/46 |
|
$ |
315 |
|
|
$ |
338,178 |
|
| Series D, 5.25%, 11/15/30 |
|
|
910 |
|
|
|
1,121,966 |
|
| Series F, 5.00%, 11/15/30 |
|
|
2,000 |
|
|
|
2,392,780 |
|
| Sub-Series C-1, 5.00%, 11/15/35 |
|
|
575 |
|
|
|
691,512 |
|
| Transportation Revenue Green Bonds, Series A-1, 5.25%, 11/15/56 |
|
|
750 |
|
|
|
901,890 |
|
| Port Authority of New York & New Jersey, ARB, JFK International Air Terminal LLC, Special Project, AMT (NPFGC): |
|
|
|
|
|
|
|
|
| Series 6, 5.75%, 12/01/22 |
|
|
6,000 |
|
|
|
6,133,080 |
|
| Series 8, 6.00%, 12/01/42 |
|
|
1,000 |
|
|
|
1,173,670 |
|
| Port Authority of New York & New Jersey, Refunding ARB: |
|
|
|
|
|
|
|
|
| 178th Series, AMT, 5.00%, 12/01/33 |
|
|
750 |
|
|
|
869,865 |
|
| 179th Series, 5.00%, 12/01/38 |
|
|
575 |
|
|
|
680,771 |
|
| Consolidated, 146th Series, AMT (AGM), 4.50%, 12/01/34 |
|
|
500 |
|
|
|
507,360 |
|
| Consolidated, 147th Series, AMT,
4.75%, 4/15/37 |
|
|
1,330 |
|
|
|
1,359,765 |
|
| Consolidated, 177th Series, AMT,
4.00%, 1/15/43 |
|
|
640 |
|
|
|
660,902 |
|
| Consolidated, 178th Series, AMT,
5.00%, 12/01/43 |
|
|
500 |
|
|
|
564,875 |
|
| Consolidated, 189th Series, 5.00%, 5/01/45 |
|
|
1,150 |
|
|
|
1,359,185 |
|
| State of New York Thruway Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| General, Series I, 5.00%, 1/01/27 |
|
|
1,000 |
|
|
|
1,189,620 |
|
| General, Series I, 5.00%, 1/01/37 |
|
|
1,760 |
|
|
|
2,040,720 |
|
| General, Series I, 5.00%, 1/01/42 |
|
|
280 |
|
|
|
323,686 |
|
| General, Series K, 5.00%, 1/01/32 |
|
|
2,850 |
|
|
|
3,402,330 |
|
| Series J, 5.00%, 1/01/41 |
|
|
2,000 |
|
|
|
2,289,920 |
|
| Triborough Bridge & Tunnel Authority, RB, Series B: |
|
|
|
|
|
|
|
|
| 5.00%, 11/15/40 |
|
|
350 |
|
|
|
418,632 |
|
| 5.00%, 11/15/45 |
|
|
310 |
|
|
|
369,058 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| Transportation (continued) |
|
| Triborough Bridge & Tunnel Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| CAB, Sub-Series A, 0.00%, 11/15/32 (d) |
|
$ |
845 |
|
|
$ |
528,328 |
|
| General, CAB, Series B, 0.00%, 11/15/32 (d) |
|
|
1,900 |
|
|
|
1,176,917 |
|
| General, Series A, 5.25%, 11/15/45 |
|
|
590 |
|
|
|
714,756 |
|
| General, Series A, 5.00%, 11/15/50 |
|
|
500 |
|
|
|
588,220 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
39,515,681 |
|
| Utilities — 8.1% |
|
| City of New York New York Municipal Water Finance Authority, RB, Series B, 5.00%, 6/15/36 |
|
|
610 |
|
|
|
613,562 |
|
| City of New York New York Municipal Water Finance Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Series B, 5.00%, 6/15/36 |
|
|
140 |
|
|
|
140,811 |
|
| Water & Sewer System, 2nd General Resolution, Fiscal 2011, Series BB, 5.00%, 6/15/31 |
|
|
1,000 |
|
|
|
1,148,220 |
|
| Water & Sewer System, 2nd General Resolution, Fiscal 2015, Series HH, 5.00%, 6/15/39 |
|
|
1,000 |
|
|
|
1,190,290 |
|
| Water & Sewer System, Series A,
4.75%, 6/15/30 |
|
|
1,500 |
|
|
|
1,566,900 |
|
| Long Island Power Authority, RB, General, Electric Systems: |
|
|
|
|
|
|
|
|
| Series A (AGM), 5.00%, 5/01/36 |
|
|
500 |
|
|
|
571,115 |
|
| Series C (CIFG), 5.25%, 9/01/29 |
|
|
2,000 |
|
|
|
2,545,640 |
|
| Long Island Power Authority, Refunding RB, Electric System, Series A, 5.75%, 4/01/39 |
|
|
4,000 |
|
|
|
4,477,240 |
|
| State of New York Environmental Facilities Corp., Refunding RB, Revolving Funds, New York City Municipal Water, Series B, 5.00%,
6/15/36 |
|
|
350 |
|
|
|
409,535 |
|
| Utility Debt Securitization Authority, Refunding RB, Restructuring: |
|
|
|
|
|
|
|
|
| 3.00%, 12/15/32 |
|
|
1,375 |
|
|
|
1,428,556 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 6 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST |
|
APRIL 30, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Trust (BNY) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par (000) |
|
|
Value |
|
| New
York (continued) |
|
| Utilities (continued) |
|
| Utility Debt Securitization Authority, Refunding RB, Restructuring (continued): |
|
|
|
|
|
|
|
|
| Series E, 5.00%, 12/15/41 |
|
$ |
2,000 |
|
|
$ |
2,381,920 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
16,473,789 |
|
| Total Municipal Bonds in New York |
|
|
|
255,337,160 |
|
|
|
|
|
|
|
| Puerto Rico —
2.5% |
|
| Housing — 1.4% |
|
| Puerto Rico Housing Finance Authority, Refunding RB, M/F Housing, Subordinate, Capital Fund
Modernization, 5.13%, 12/01/27 |
|
|
2,605 |
|
|
|
2,826,894 |
|
| Tobacco — 1.1% |
|
| Children’s Trust Fund, Refunding RB, Asset-Backed, 5.63%, 5/15/43 |
|
|
2,220 |
|
|
|
2,217,469 |
|
| Total Municipal Bonds in Puerto Rico |
|
|
|
5,044,363 |
|
| Total Municipal Bonds — 128.6% |
|
|
|
260,381,523 |
|
|
|
|
|
|
|
| |
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (f) |
|
Par
(000) |
|
|
Value |
|
| New York —
29.9% |
|
| County/City/Special District/School District — 6.2% |
|
| City of New York New York, GO: |
|
|
|
|
|
|
|
|
| Sub-Series G-1, 5.00%, 4/01/29 |
|
|
4,370 |
|
|
|
5,210,439 |
|
| Sub-Series I-1, 5.00%, 3/01/36 |
|
|
1,500 |
|
|
|
1,760,730 |
|
| City of New York New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured, 5.00%, 11/15/32 |
|
|
1,200 |
|
|
|
1,464,720 |
|
| City of New York New York Transitional Finance Authority, RB, Future Tax Secured,
Sub-Series D-1, 5.00%, 11/01/38 |
|
|
825 |
|
|
|
942,323 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (f) |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| County/City/Special District/School District (continued) |
|
| New York Liberty Development Corp., Refunding RB, 7 World Trade Center Project, Class 1, 5.00%, 9/15/40 |
|
$ |
2,610 |
|
|
$ |
3,061,086 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
12,439,298 |
|
| Education — 2.1% |
|
| City of New York New York Trust for Cultural Resources, Refunding RB, Wildlife Conservation
Society, Series A, 5.00%, 8/01/33 |
|
|
3,527 |
|
|
|
4,238,420 |
|
| State — 3.0% |
|
| City of New York New York Transitional Finance Authority, BARB, Fiscal 2009, Series S-3, 5.25%, 1/15/39 |
|
|
660 |
|
|
|
730,448 |
|
| Hudson Yards Infrastructure Corp., RB, Fiscal 2012, Series A, 5.75%, 2/15/47 (g) |
|
|
1,250 |
|
|
|
1,469,527 |
|
| Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 10/15/31 |
|
|
750 |
|
|
|
928,943 |
|
| 4.00%, 10/15/32 |
|
|
1,000 |
|
|
|
1,139,090 |
|
| State of New York Dormitory Authority, RB, General Purpose, Series C, 5.00%, 3/15/41 |
|
|
1,500 |
|
|
|
1,716,210 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
5,984,218 |
|
| Transportation — 7.1% |
|
| New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated Bonds, 5.25%, 12/15/43 |
|
|
6,495 |
|
|
|
7,715,640 |
|
| Port Authority of New York & New Jersey, ARB, Consolidated, 169th Series, AMT, 5.00%, 10/15/26 |
|
|
1,500 |
|
|
|
1,765,410 |
|
| Port Authority of New York & New Jersey, Refunding ARB, 194th Series, 5.25%, 10/15/55 |
|
|
1,455 |
|
|
|
1,753,363 |
|
| State of New York Thruway Authority, Refunding RB, Transportation, Personal Income Tax, Series A, 5.00%, 3/15/31 |
|
|
1,180 |
|
|
|
1,389,096 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST |
|
APRIL 30, 2016 |
|
7 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Trust (BNY) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (f) |
|
Par
(000) |
|
|
Value |
|
| New
York (continued) |
|
| Transportation (continued) |
|
| Triborough Bridge & Tunnel Authority, Refunding RB, Series A, 5.00%, 11/15/46 |
|
$ |
1,500 |
|
|
$ |
1,803,195 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
14,426,704 |
|
| Utilities — 11.5% |
|
| City of New York New York Municipal Water Finance Authority, RB, Water & Sewer System, Fiscal 2009, Series A, 5.75%,
6/15/40 |
|
|
1,200 |
|
|
|
1,325,374 |
|
| City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System: |
|
|
|
|
|
|
|
|
| 2nd General Resolution, Fiscal 2011, Series HH, 5.00%, 6/15/32 |
|
|
5,310 |
|
|
|
6,213,231 |
|
| 2nd General Resolution, Fiscal 2012, Series BB, 5.00%, 6/15/44 |
|
|
3,511 |
|
|
|
4,106,245 |
|
| 2nd General Resolution, Series FF-2, 5.50%, 6/15/40 |
|
|
810 |
|
|
|
918,129 |
|
| Series A, 4.75%, 6/15/30 |
|
|
2,500 |
|
|
|
2,611,500 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (f) |
|
Par (000) |
|
|
Value |
|
| New
York (continued) |
|
| Utilities (continued) |
|
| Utility Debt Securitization Authority, Refunding RB, 5.00%, 12/15/41 |
|
$ |
6,868 |
|
|
$ |
8,179,411 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
23,353,890 |
|
| Total Municipal Bonds Transferred to
Tender Option Bond Trusts — 29.9% |
|
|
|
60,442,530 |
|
Total Long-Term Investments
(Cost — $291,144,734) — 158.5% |
|
|
|
320,824,053 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Short-Term Securities |
|
Shares |
|
|
|
|
| BIF New York Municipal Money Fund, 0.00% (h)(i) |
|
|
5,197,663 |
|
|
|
5,197,663 |
|
Total Short-Term Securities
(Cost — $5,197,663) — 2.6% |
|
|
|
5,197,663 |
|
| Total Investments (Cost — $296,342,397*) — 161.1% |
|
|
|
326,021,716 |
|
| Other Assets Less Liabilities — 1.3% |
|
|
|
2,674,146 |
|
| Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable —
(15.7)% |
|
|
|
(31,795,325 |
) |
| VMTP Shares, at Liquidation Value — (46.7)% |
|
|
|
(94,500,000 |
) |
|
|
|
|
|
|
|
|
|
| Net Assets Applicable to Common Shares — 100.0% |
|
|
$ |
202,400,537 |
|
|
|
|
|
|
|
|
|
|
| * |
|
As of period end, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows: |
|
|
|
|
|
| Tax cost |
|
$ |
265,163,168 |
|
|
|
|
|
|
| Gross unrealized appreciation |
|
$ |
29,950,338 |
|
| Gross unrealized depreciation |
|
|
(872,177 |
) |
|
|
|
|
|
| Net unrealized appreciation |
|
$ |
29,078,161 |
|
|
|
|
|
|
|
| Notes to Schedule of Investments |
| (a) |
|
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from
registration to qualified institutional investors. |
| (b) |
|
Variable rate security. Rate as of period end. |
| (c) |
|
U.S. Government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium
to par. |
| (e) |
|
When-issued security. |
| (f) |
|
Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing.
|
| (g) |
|
All or a portion of security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreement,
which expires on February 15, 2019 is $661,933. |
| (h) |
|
During the period ended April 30, 2016, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of
1940, as amended, were as follows: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 8 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST |
|
APRIL 30, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Trust (BNY) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affiliate |
|
Shares Held
at July 31,
2015 |
|
|
Net
Activity |
|
|
Shares Held
at April 30,
2016 |
|
|
Income |
|
| BIF New York Municipal Money Fund |
|
|
4,552,128 |
|
|
|
645,535 |
|
|
|
5,197,663 |
|
|
$ |
789 |
|
| (i) |
|
Current yield as of period end. |
For Trust compliance
purposes, the Trust’s sector classifications refer to any one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment advisor. These definitions
may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.
|
| Derivatives Financial Instruments Outstanding as of Period
End |
Financial Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts
Short |
|
|
Issue |
|
Expiration |
|
Notional
Value |
|
|
Unrealized
Appreciation |
|
| |
(4 |
) |
|
5-Year U.S. Treasury Note |
|
June 2016 |
|
$ |
483,656 |
|
|
$ |
1,745 |
|
| |
(53 |
) |
|
10-Year U.S. Treasury Note |
|
June 2016 |
|
$ |
6,893,313 |
|
|
|
28,138 |
|
| |
(19 |
) |
|
Long U.S. Treasury Bond |
|
June 2016 |
|
$ |
3,102,938 |
|
|
|
44,285 |
|
| |
(3 |
) |
|
Ultra U.S. Treasury Bond |
|
June 2016 |
|
$ |
514,031 |
|
|
|
8,874 |
|
| |
Total |
|
|
|
|
|
|
|
|
|
|
$ |
83,042 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| AGC |
|
Assured Guarantee Corp. |
| AGM |
|
Assured Guaranty Municipal Corp. |
| AMBAC |
|
American Municipal Bond Assurance Corp. |
| AMT |
|
Alternative Minimum Tax (subject to) |
| ARB |
|
Airport Revenue Bonds |
| BAM |
|
Build America Mutual Assurance Co. |
| BARB |
|
Building Aid Revenue Bonds |
| BHAC |
|
Berkshire Hathaway Assurance Corp. |
| CAB |
|
Capital Appreciation Bonds |
| CIFG |
|
CDC IXIS Financial Guaranty |
| FHA |
|
Federal Housing Administration |
| GO |
|
General Obligation Bonds |
| HFA |
|
Housing Finance Agency |
| M/F |
|
Multi-Family |
| NPFGC |
|
National Public Finance Guarantee Corp. |
| PILOT |
|
Payment in Lieu of Taxes |
| RB |
|
Revenue Bonds |
| SONYMA |
|
State of New York Mortgage Agency |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST |
|
APRIL 30, 2016 |
|
9 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Trust (BNY) |
|
| Fair Value Hierarchy as of Period End |
Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are
categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| |
• |
|
Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access
|
| |
• |
|
Level 2 — other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted
prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss
severities, credit risks and default rates) or other market–corroborated inputs) |
| |
• |
|
Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available
(including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3
measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such
cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The significant unobservable inputs used by the Global Valuation
Committee in determining the price for Fair Valued Investments are typically categorized as Level 3.
Changes in valuation techniques may result
in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period.
The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated
with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its semi-annual
report.
The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Total |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Investments1 |
|
|
— |
|
|
$ |
320,824,053 |
|
|
— |
|
$ |
320,824,053 |
|
| Short-Term Securities |
|
$ |
5,197,663 |
|
|
|
— |
|
|
— |
|
|
5,197,663 |
|
|
|
|
|
|
| Total |
|
$ |
5,197,663 |
|
|
$ |
320,824,053 |
|
|
— |
|
$ |
326,021,716 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Total |
|
| Derivative Financial Instruments2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Rate Contracts
|
|
$ |
83,042 |
|
|
|
— |
|
|
— |
|
$ |
83,042 |
|
| 1 See above Schedule of Investments for values in each sector.
2 Derivative financial
instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 10 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST |
|
APRIL 30, 2016 |
|
|
|
|
|
| Schedule of Investments (concluded) |
|
BlackRock New York Municipal Income Trust (BNY) |
The Trust may hold assets and/or liabilities in which the fair value
approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Total |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash pledged for futures contracts |
|
$ |
152,250 |
|
|
|
— |
|
|
— |
|
$ |
152,250 |
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank overdraft |
|
|
— |
|
|
$ |
(102,323 |
) |
|
— |
|
|
(102,323 |
) |
| TOB Trust Certificates |
|
|
— |
|
|
|
(31,780,387 |
) |
|
— |
|
|
(31,780,387 |
) |
| VMTP Shares |
|
|
— |
|
|
|
(94,500,000 |
) |
|
— |
|
|
(94,500,000 |
) |
|
|
|
|
|
| Total |
|
$ |
152,250 |
|
|
$ |
(126,382,710 |
) |
|
— |
|
$ |
(126,230,460 |
) |
|
|
|
|
|
During the period ended April 30, 2016, there were no transfers between levels.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST |
|
APRIL 30, 2016 |
|
11 |
|
|
|
| Item 2 – |
|
Controls and Procedures |
|
|
| 2(a) – |
|
The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under
the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act
and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. |
|
|
| 2(b) – |
|
There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially
affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
|
|
| Item 3 – |
|
Exhibits |
|
|
|
|
Certifications – Attached hereto |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company
Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
| BlackRock New York Municipal Income Trust |
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock New York Municipal Income Trust |
|
|
| Date: |
|
June 22, 2016 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940,
this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock New York Municipal Income Trust |
|
|
| Date: |
|
June 22, 2016 |
|
|
| By: |
|
/s/ Neal J. Andrews |
|
|
Neal J. Andrews |
|
|
Chief Financial Officer (principal financial officer) of |
|
|
BlackRock New York Municipal Income Trust |
|
|
| Date: |
|
June 22, 2016 |