Blackrock Muniyield New York Quality Fund, Inc. Reports Earnings Results for the Half Year Ended January 31, 2020
April 03, 2020 at 03:55 pm EDT
Share
BlackRock MuniYield New York Quality Fund, Inc. announced earnings results for the half year ended January 31, 2020. For the half year, the company announced total revenue was USD 16.912 million. Net income was USD 25.374 million.
BlackRock MuniYield New York Quality Fund, Inc. (the Fund) is a closed-end management investment company. The Fund's investment objective is to provide shareholders with as high a level of current income exempt from the United States federal income taxes and New York State and New York City personal income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations exempt from the United States federal income taxes (except that the interest may be subject to the United States federal alternative minimum tax) and New York State and New York City personal income taxes. Under normal market conditions, it invests primarily in long-term municipal obligations that are investment grade quality at the time of investment. It may invest directly in securities or synthetically using derivatives. The Fund's investment advisor is BlackRock Advisors, LLC.