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BlackRock New York Municipal Income Trust (BNY)
- Moody's
BlackRock New York Municipal Income Trust -- Moody's announces completion of a periodic review of ratings of BlackRock New York Municipal Income Trust
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BlackRock New York Municipal Income Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 13 January 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- Business Wire
BlackRock Announces Results of Shareholder Vote at Adjourned Joint Special Shareholder Meeting Relating to the Reorganizations of Three Municipal Closed-End Funds
BlackRock Advisors, LLC announced today that, at a special meeting of shareholders (the "Meeting") of BlackRock New York Municipal Income Trust (NYSE: BNY), the requisite votes of shareholders of BNY have approved the reorganization of each of BlackRock New York Municipal Income Quality Trust (NYSE: BSE) and BlackRock New York Municipal Income Trust II (NYSE: BFY and collectively with BSE and BNY, the "Funds," and each, a "Fund") with and into BNY, with BNY continuing as the surviving Fund, and the transactions contemplated thereby (together, the "Reorganizations"). Shareholders of each of BSE and BFY previously approved the applicable Reorganization at a joint special meeting of shareholders.
- Business Wire
BlackRock Announces Results of Joint Special Shareholder Meeting Relating to the Reorganizations of Three Municipal Closed-End Funds
BlackRock Advisors, LLC announced today that, at a joint special meeting of shareholders (the "Meeting") of BlackRock New York Municipal Income Quality Trust (NYSE: BSE), BlackRock New York Municipal Income Trust II (NYSE: BFY) and BlackRock New York Municipal Income Trust (NYSE: BNY and collectively with BSE and BFY, the "Funds," and each, a "Fund"), the requisite votes of shareholders of each of BSE and BFY have approved the reorganization of each of BSE and BFY with and into BNY, with BNY continuing as the surviving Fund, and the transactions contemplated thereby (the "Reorganizations"). BNY did not obtain the requisite vote of common shareholders to constitute a quorum and approve the applicable proposals. Accordingly, the Meeting with respect to the proposals to be voted on by common shareholders of BNY has been adjourned to January 21, 2021 at 10:00 a.m. (Eastern time) in order to continue to solicit proxies from common shareholders of BNY. The Reorganizations will not be completed unless BNY obtains the requisite vote of common shareholders to constitute a quorum and approve the applicable proposals.
