BlackRock New York Municipal Income Trust (NYSE: BNY) is a diversified, closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State personal income taxes. The Fund invests primarily in investment-grade municipal obligations issued by or on behalf of the State of New York, the City of New York and various public authorities, agencies and instrumentalities within the state. Its portfolio construction emphasizes bonds that support essential public services, such as transportation, education, healthcare and public safety.
Established in 1984, BNY is managed by BlackRock Advisors, LLC, leveraging the firm’s global resources and deep expertise in municipal fixed-income markets. The Fund utilizes a combination of fundamental credit research and macroeconomic analysis to identify opportunities across different sectors and credit quality tiers. While the portfolio is weighted toward investment-grade issues, the team may include sub-investment-grade securities to enhance income potential, subject to the Fund’s guidelines and risk management framework.
Geographically focused on New York State, the Fund’s holdings encompass general obligation bonds, revenue bonds and lease-revenue obligations issued by municipalities and related public authorities. Such a concentrated approach allows the management team to draw on in-depth local market knowledge, regulatory insight and longstanding relationships with issuers and underwriters. The Trust may employ leverage through preferred share issuance or other borrowing arrangements to pursue incremental income, in line with its stated investment objectives and policies.
BlackRock, Inc., the parent of the Fund’s investment adviser, is one of the world’s largest asset managers, offering a broad range of investment vehicles across equities, fixed income, alternatives and multi-asset strategies. BNY’s board of trustees includes a majority of independent directors who provide oversight of fund operations, compliance and governance. The leadership team draws upon decades of experience in municipal markets to navigate evolving credit landscapes and tax regulations, aiming to deliver tax-efficient income for New York-based investors.
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