Blackrock Muniyield New York Quality Fund, Inc. Reports Earnings Results for the Full Year Ended July 31, 2020
October 02, 2020 at 09:25 pm IST
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BlackRock MuniYield New York Quality Fund, Inc. announced earnings results for the full year ended July 31, 2020. For the full year, the company announced total revenue was USD 33.737 million. Net income was USD 26.259 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.