Liquidation: BLACKROCK NEW YORK MUNICIPAL INCOME TRUST

Back to List of Bankruptcies and Liquidations

Form Type: N-23C-2

Filing Date: 2025-02-28

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525042145

Filing Summary: BlackRock New York Municipal Income Trust has filed a notification regarding the redemption of its Series W-7 Variable Rate Demand Preferred Shares. The company intends to redeem up to 67% of the outstanding shares, totaling 1,201 shares, during the redemption period from April 1, 2025, to October 1, 2025. Holders of the shares will receive a liquidation preference of $100,000 per share along with any accumulated dividends up to the redemption date. The redemption follows the provisions outlined in Part I, Section 10(a) of the Fund’s Statement of Preferences, and dividends will cease to accumulate after the redemption date. Payments will be processed via The Bank of New York Mellon as the paying agent.

Document Link: View Document

Additional details:

Title Of Security: Series W-7 Variable Rate Demand Preferred Shares


Redemption Date Range: April 1, 2025 to October 1, 2025


Percentage Of Redemption: 67%


Number Of Shares: 1201


Liquidation Preference Per Share: $100,000


Comments

No comments yet. Be the first to comment!