<SEC-DOCUMENT>0001193125-24-142960.txt : 20240520
<SEC-HEADER>0001193125-24-142960.hdr.sgml : 20240520
<ACCEPTANCE-DATETIME>20240520170750
ACCESSION NUMBER:		0001193125-24-142960
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240520
DATE AS OF CHANGE:		20240520

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC.
		CENTRAL INDEX KEY:			0000882150
		ORGANIZATION NAME:           	
		IRS NUMBER:				223144223
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-06500
		FILM NUMBER:		24965614

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIYIELD NEW YORK INSURED FUND, INC.
		DATE OF NAME CHANGE:	20070612

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIYIELD NEW YORK INSURED FUND INC
		DATE OF NAME CHANGE:	19920717

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW YORK MUNIYIELD FUND INC
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>d797309ddefa14a.htm
<DESCRIPTION>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND (MYN)
<TEXT>
<HTML><HEAD>
<TITLE>BlackRock MuniYield New York Quality Fund (MYN)</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A INFORMATION </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Proxy Statement Pursuant to Section&nbsp;14(a) of the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">Filed by the Registrant&#8195;&#8199;&#9746;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="top" COLSPAN="3">Filed by a Party other than the Registrant&#8195;&#8199;&#9744;</TD></TR>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:4.00em; font-size:10pt; font-family:Times New Roman">Check the appropriate box:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7.00em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman">&#9744;&#8195;&#8194;&#8201;&#8201;Preliminary Proxy Statement</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:7.00em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman">&#9744;&#8195;&#8194;&#8201;&#8201;Definitive
Proxy Statement</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; text-indent:-2.50em; font-size:10pt; font-family:Times New Roman">&#9744;&#8195;&#8201;&#8201;Confidential, for Use of the Commission Only (as permitted by Rule <FONT
STYLE="white-space:nowrap">14a-6(e)(2))</FONT></P></TD></TR>
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<TD HEIGHT="8" COLSPAN="3"></TD></TR>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman">&#9746;&#8195;&#8194;&#8201;&#8201;Definitive Additional Materials</P></TD></TR>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-3.00em; font-size:10pt; font-family:Times New Roman">&#9744;&#8195;&#8194;&#8201;&#8201;Soliciting Material Pursuant to &#167; <FONT
STYLE="white-space:nowrap">240.14a-12</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:30pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Name of Registrant as Specified In Its Charter) </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Name of Person(s) Filing Proxy
Statement, if Other than the Registrant) </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Payment of Filing Fee (Check the appropriate box): </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">&#8199;&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">No fee required.</TD></TR>
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<TD VALIGN="top">&#8199;&#9744;</TD>
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<TD VALIGN="top">Fee paid previously with preliminary materials.</TD></TR>
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<TD VALIGN="top">&#8199;&#9744;</TD>
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<TD VALIGN="top">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules <FONT STYLE="white-space:nowrap">14a-6(i)(1)</FONT> and <FONT STYLE="white-space:nowrap">0-11.</FONT></TD></TR>
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<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BlackRock Advisors, LLC sent the following email to certain financial advisors on May&nbsp;20, 2024: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject: Setting the Record Straight on <FONT STYLE="white-space:nowrap">Closed-End</FONT> Fund Activism </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[Insert name], </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[Insert greeting here] </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I am reaching out because you may have seen commentary from activist hedge fund Saba Capital Management in relation to its proxy contests against certain
BlackRock <FONT STYLE="white-space:nowrap">closed-end</FONT> funds. Saba&#146;s proposals include installing its own director nominees and firing BlackRock as fund manager to several of these funds. Our records indicate that one of your clients own
at least one of these BlackRock <FONT STYLE="white-space:nowrap">closed-end</FONT> funds. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We wanted you to have BlackRock&#146;s official statement: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman">BlackRock has managed <FONT STYLE="white-space:nowrap">closed-end</FONT> funds for over 35 years and&nbsp;has consistently delivered long-term
value and implemented shareholder-friendly initiatives. Saba positions itself as a champion for the retail investor, but it&#146;s really an activist hedge fund trampling over the interests of millions of retirees who depend on <FONT
STYLE="white-space:nowrap">closed-end</FONT> funds for reliable income. Saba&#146;s true goal is a quick payout and, more recently, revenue in the form of management fees. Our view is that Saba has little interest in improving governance,
strengthening fund performance or closing discounts, which typically narrow in the normal course as market sentiment improves. Instead, these attacks are another attempt by Saba to overburden funds, accumulate controlling positions and force actions
that make the hedge fund rich but leave long-term shareholders worse off. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I also wanted to share some additional key facts: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>BlackRock&#146;s fiduciary obligation: </B>BlackRock and each fund&#146;s Boards of Trustees or Board of
Directors, as applicable, acts in accordance with their fiduciary obligations. The funds&#146; current Trustees and Directors are qualified, experienced stewards who have demonstrated their ability to create sustainable long-term value.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>BlackRock&#146;s shareholder value creation: </B>BlackRock <FONT STYLE="white-space:nowrap">closed-end</FONT>
funds and the Board have taken significant actions. This includes repurchasing $1.3&nbsp;billion of fund shares across our <FONT STYLE="white-space:nowrap">closed-end</FONT> funds, reducing fees, adding term features that provide liquidity at net
asset value and implementing managed distribution plans.<SUP STYLE="font-size:75%; vertical-align:top">1</SUP> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>Saba&#146;s &#147;arbitrage&#148; strategy: </B>Saba has a history of investing in <FONT
STYLE="white-space:nowrap">closed-end</FONT> funds to maximize their short-term profit at long-term shareholder&#146;s expense. BlackRock is just one of many fund companies they are targeting. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Please let me know if you would like to connect and discuss further. I&#146;d enjoy the opportunity to talk if you have questions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Signature </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>Source: BlackRock as of 4/30/2024 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>FOR FINANCIAL PROFESSIONAL USE ONLY &#150; NOT FOR PUBLIC DISTRIBUTION. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investing involves risk, including possible loss of principal. </B></P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No part of this document may be duplicated in any form by any means or redistributed without BlackRock&#146;s
prior written consent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies,
or any security in particular. This document is strictly for informational purposes and is subject to change. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Prepared by BlackRock Investments, LLC,
member FINRA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><SUP STYLE="font-size:75%; vertical-align:top">&copy;</SUP> 2024 BlackRock, Inc. or its affiliates. All Rights Reserved. <B>BLACKROCK</B>
is a trademark of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 2 - </P>

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