BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment
Company Act file number: 811-21179
Name of Fund: BlackRock New York Municipal Income Quality Trust (BSE)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock New York
Municipal Income Quality Trust, 55 East 52nd Street, New York, NY 10055
Registrants telephone number, including area code: (800)
882-0052, Option 4
Date of fiscal year end: 08/31/2016
Date of reporting period: 05/31/2016
Item 1 Schedule of Investments
|
|
|
Schedule of Investments May 31, 2016 (Unaudited) |
|
BlackRock New York Municipal Income Quality Trust (BSE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New York 115.9% |
|
|
|
|
|
|
|
|
Corporate 0.3% |
|
|
|
|
|
New York Liberty Development Corp., Refunding RB, Goldman Sachs Headquarters, 5.25%,
10/01/35 |
|
$ |
250 |
|
|
$ |
320,090 |
|
County/City/Special District/School District 19.1% |
|
|
|
|
|
City of New York New York, GO, Refunding, Series E: |
|
|
|
|
|
|
|
|
5.50%, 8/01/25 |
|
|
830 |
|
|
|
1,059,694 |
|
5.00%, 8/01/30 |
|
|
1,000 |
|
|
|
1,199,060 |
|
City of New York New York, GO: |
|
|
|
|
|
|
|
|
Series A-1, 5.00%, 8/01/35 |
|
|
200 |
|
|
|
233,624 |
|
Sub-Series D-1, Fiscal 2014, 5.00%, 8/01/31 |
|
|
440 |
|
|
|
531,960 |
|
City of New York New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured: |
|
|
|
|
|
|
|
|
5.00%, 11/15/40 |
|
|
1,100 |
|
|
|
1,307,856 |
|
5.00%, 11/15/45 |
|
|
1,250 |
|
|
|
1,479,325 |
|
City of New York New York Industrial Development Agency, RB, PILOT: |
|
|
|
|
|
|
|
|
CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 3/01/39 (a) |
|
|
1,000 |
|
|
|
440,930 |
|
Queens Baseball Stadium (AGC), 6.38%, 1/01/39 |
|
|
150 |
|
|
|
169,398 |
|
City of New York New York Transitional Finance Authority Future Tax Secured, RB, Sub-Series B-1, 5.00%, 11/01/35 |
|
|
425 |
|
|
|
511,020 |
|
City of New York New York Transitional Finance Authority Future Tax Secured, Refunding RB, Series C, 5.00%, 11/01/30 |
|
|
590 |
|
|
|
727,470 |
|
County of Erie New York Industrial Development Agency, RB, City School District of Buffalo Project, Series A: |
|
|
|
|
|
|
|
|
5.25%, 5/01/31 |
|
|
200 |
|
|
|
233,182 |
|
(AGM), 5.75%, 5/01/17 (b) |
|
|
1,000 |
|
|
|
1,046,440 |
|
County of Erie New York Industrial Development Agency, Refunding RB, City School District of Buffalo Project, 5.00%,
5/01/28 |
|
|
750 |
|
|
|
928,920 |
|
Haverstraw-Stony Point Central School District, GO, Refunding, 5.00%, 10/15/36 |
|
|
240 |
|
|
|
288,026 |
|
Hudson Yards Infrastructure Corp., RB, Series A: |
|
|
|
|
|
|
|
|
5.00%, 2/15/47 |
|
|
500 |
|
|
|
512,270 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New
York (continued) |
|
|
|
|
|
|
|
|
County/City/Special District/School District (continued) |
|
Hudson Yards Infrastructure Corp., RB, Series A (continued): |
|
|
|
|
|
|
|
|
5.75%, 2/15/47 |
|
$ |
1,000 |
|
|
$ |
1,175,450 |
|
(AGC), 5.00%, 2/15/47 |
|
|
1,250 |
|
|
|
1,285,975 |
|
(AGM), 5.00%, 2/15/47 |
|
|
750 |
|
|
|
771,585 |
|
(NPFGC), 4.50%, 2/15/47 |
|
|
1,000 |
|
|
|
1,024,550 |
|
New York Liberty Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
4 World Trade Center Project, 5.00%, 11/15/31 |
|
|
1,000 |
|
|
|
1,178,660 |
|
4 World Trade Center Project, 5.00%, 11/15/44 |
|
|
1,250 |
|
|
|
1,441,500 |
|
4 World Trade Center Project, 5.75%, 11/15/51 |
|
|
545 |
|
|
|
652,311 |
|
7 World Trade Center Project, Class 1, 4.00%, 9/15/35 |
|
|
1,100 |
|
|
|
1,215,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,415,069 |
|
Education 33.7% |
|
|
|
|
|
|
|
|
Build NYC Resource Corp., Refunding RB: |
|
|
|
|
|
|
|
|
City University New York-Queens College Student Residences, LLC Project, Series A, 5.00%, 6/01/38 |
|
|
250 |
|
|
|
289,370 |
|
Ethical Culture Fieldston School Project, 5.00%, 6/01/33 |
|
|
300 |
|
|
|
354,279 |
|
Ethical Culture Fieldston School Project, 5.00%, 6/01/35 |
|
|
350 |
|
|
|
410,277 |
|
New York Law School Project, 5.00%, 7/01/41 |
|
|
130 |
|
|
|
149,178 |
|
New York Law School Project, 4.00%, 7/01/45 |
|
|
185 |
|
|
|
193,393 |
|
Packer Collegiate Institute Project, 5.00%, 6/01/40 |
|
|
690 |
|
|
|
796,964 |
|
City of New York Albany Capital Resource Corp., Refunding RB, Albany College of Pharmacy and Health Sciences, Series
A: |
|
|
|
|
|
|
|
|
5.00%, 12/01/33 |
|
|
175 |
|
|
|
204,087 |
|
4.00%, 12/01/34 |
|
|
130 |
|
|
|
139,387 |
|
City of New York New York Trust for Cultural Resources, Refunding RB: |
|
|
|
|
|
|
|
|
American Museum of Natural History, Series A, 5.00%, 7/01/37 |
|
|
440 |
|
|
|
518,637 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
MAY 31, 2016 |
|
1 |
|
|
|
Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New
York (continued) |
|
|
|
|
|
|
|
|
Education (continued) |
|
|
|
|
|
City of New York New York Trust for Cultural Resources, Refunding RB (continued): |
|
|
|
|
|
|
|
|
American Museum of Natural History, Series A, 5.00%, 7/01/41 |
|
$ |
500 |
|
|
$ |
583,790 |
|
Museum of Modern Art, Series 1A, 5.00%, 4/01/31 |
|
|
700 |
|
|
|
761,817 |
|
Wildlife Conservation Society, Series A, 5.00%, 8/01/42 |
|
|
410 |
|
|
|
473,948 |
|
City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project: |
|
|
|
|
|
|
|
|
Series A, 5.13%, 9/01/40 |
|
|
1,645 |
|
|
|
1,864,640 |
|
Series B, 4.00%, 8/01/35 |
|
|
230 |
|
|
|
249,371 |
|
County of Madison New York Capital Resource Corp., Refunding RB, Colgate University Project, Series A, 4.50%,
7/01/39 |
|
|
1,500 |
|
|
|
1,664,820 |
|
County of Monroe New York Industrial Development Corp., RB, University of Rochester Project, Series A, 5.00%,
7/01/31 |
|
|
500 |
|
|
|
573,720 |
|
County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project, Series A, 5.00%,
7/01/38 |
|
|
400 |
|
|
|
464,540 |
|
County of Orange New York Funding Corp., Refunding RB, Mount St. Mary College Project, Series A: |
|
|
|
|
|
|
|
|
5.00%, 7/01/37 |
|
|
180 |
|
|
|
201,364 |
|
5.00%, 7/01/42 |
|
|
115 |
|
|
|
128,309 |
|
County of Schenectady New York Capital Resource Corp., Refunding RB, Union College, 5.00%, 7/01/32 |
|
|
500 |
|
|
|
584,570 |
|
County of Tompkins New York Development Corp., RB, Ithaca College Project (AGM), 5.50%, 7/01/33 |
|
|
250 |
|
|
|
289,797 |
|
County of Tompkins New York Industrial Development Agency, RB, Civic Facility Cornell University Project, Series A, 5.00%,
7/01/37 |
|
|
1,000 |
|
|
|
1,147,970 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New
York (continued) |
|
|
|
|
|
|
|
|
Education (continued) |
|
|
|
|
|
Dobbs Ferry Local Development Corp., RB, Mercy College Project: |
|
|
|
|
|
|
|
|
5.00%, 7/01/39 |
|
$ |
1,000 |
|
|
$ |
1,158,140 |
|
5.00%, 7/01/44 |
|
|
500 |
|
|
|
575,555 |
|
State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
Columbia University, Series A-2, 5.00%, 10/01/46 |
|
|
500 |
|
|
|
729,090 |
|
Convent of the Sacred Heart (AGM), 5.75%, 11/01/40 |
|
|
300 |
|
|
|
351,867 |
|
Fordham University, Series A, 5.00%, 7/01/28 |
|
|
500 |
|
|
|
588,960 |
|
New School (AGM), 5.50%, 7/01/43 |
|
|
350 |
|
|
|
407,060 |
|
New York University, Series B, 5.00%, 7/01/37 |
|
|
500 |
|
|
|
592,745 |
|
New York University, Series C, 5.00%, 7/01/18 (b) |
|
|
1,000 |
|
|
|
1,086,380 |
|
Rochester Institute of Technology, 5.00%, 7/01/40 |
|
|
550 |
|
|
|
625,966 |
|
Series B, 5.75%, 3/15/36 |
|
|
600 |
|
|
|
681,528 |
|
Series C, 5.00%, 12/15/16 (b) |
|
|
500 |
|
|
|
511,870 |
|
State University Dormitory Facilities, Series A, 5.00%, 7/01/40 |
|
|
600 |
|
|
|
684,150 |
|
State University Dormitory Facilities, Series A, 5.00%, 7/01/41 |
|
|
1,000 |
|
|
|
1,153,200 |
|
Teachers College, Series B, 5.00%, 7/01/42 |
|
|
300 |
|
|
|
349,248 |
|
State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
Barnard College, Series A, 5.00%, 7/01/34 |
|
|
200 |
|
|
|
239,860 |
|
Barnard College, Series A, 4.00%, 7/01/36 |
|
|
190 |
|
|
|
208,650 |
|
Barnard College, Series A, 5.00%, 7/01/43 |
|
|
2,960 |
|
|
|
3,471,251 |
|
Cornell University, Series A, 5.00%, 7/01/40 |
|
|
250 |
|
|
|
286,348 |
|
Fordham University, 5.00%, 7/01/44 |
|
|
640 |
|
|
|
744,224 |
|
Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 7/01/35 |
|
|
1,600 |
|
|
|
1,897,472 |
|
New York University, Series A, 5.00%, 7/01/37 |
|
|
745 |
|
|
|
883,190 |
|
Pratt Institute, Series A, 5.00%, 7/01/44 |
|
|
500 |
|
|
|
571,295 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
MAY 31, 2016 |
|
|
|
|
|
Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New
York (continued) |
|
|
|
|
|
|
|
|
Education (continued) |
|
|
|
|
|
State of New York Dormitory Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
State University Dormitory Facilities, Series A, 5.25%, 7/01/30 |
|
$ |
1,500 |
|
|
$ |
1,832,085 |
|
State University Dormitory Facilities, Series A, 5.25%, 7/01/32 |
|
|
600 |
|
|
|
724,656 |
|
State University Dormitory Facilities, Series A, 5.00%, 7/01/42 |
|
|
450 |
|
|
|
518,598 |
|
State University Dormitory Facilities, Series B, 5.00%, 7/01/32 |
|
|
545 |
|
|
|
662,998 |
|
Town of Hempstead New York Local Development Corp., Adelphi University Project, Refunding RB: |
|
|
|
|
|
|
|
|
5.00%, 10/01/34 |
|
|
310 |
|
|
|
365,918 |
|
5.00%, 10/01/35 |
|
|
310 |
|
|
|
364,647 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,311,179 |
|
Health 12.9% |
|
|
|
|
|
|
|
|
Buffalo & Erie County Industrial Land Development Corp., RB, 5.25%, 7/01/35 |
|
|
500 |
|
|
|
592,350 |
|
County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC), 5.50%,
4/01/30 |
|
|
500 |
|
|
|
577,170 |
|
County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project, Series A, 5.00%,
12/01/37 |
|
|
850 |
|
|
|
959,352 |
|
County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project (FHA), 5.50%,
8/15/40 |
|
|
725 |
|
|
|
848,707 |
|
County of Suffolk New York EDC, RB, Catholic Health Services, Series C, 5.00%, 7/01/32 |
|
|
150 |
|
|
|
173,018 |
|
County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien, Remarketing, Series A, 5.00%, 11/01/30 |
|
|
895 |
|
|
|
1,012,111 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New
York (continued) |
|
|
|
|
|
|
|
|
Health (continued) |
|
State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
Hudson Valley Hospital (BHAC) (FHA), 5.00%, 8/15/36 |
|
$ |
1,250 |
|
|
$ |
1,310,875 |
|
Mental Health Services (AGM), 5.00%, 8/15/18 (b) |
|
|
5 |
|
|
|
5,460 |
|
Mental Health Services (AGM), 5.00%, 8/15/18 (b) |
|
|
5 |
|
|
|
5,460 |
|
Mental Health Services (AGM), 5.00%, 2/15/22 |
|
|
985 |
|
|
|
1,075,738 |
|
Mental Health Services, 2nd Series (AGM), 5.00%, 8/15/18 (b) |
|
|
5 |
|
|
|
5,460 |
|
New York University Hospitals Center, Series A, 6.00%, 7/01/20 (b) |
|
|
250 |
|
|
|
299,223 |
|
North Shore-Long Island Jewish Obligated Group, Series D, 4.25%, 5/01/39 |
|
|
500 |
|
|
|
541,825 |
|
State of New York Dormitory Authority, Refunding RB, Series A: |
|
|
|
|
|
|
|
|
New York University Hospitals Center, 5.00%, 7/01/17 (b) |
|
|
500 |
|
|
|
523,105 |
|
North Shore-Long Island Jewish Obligated Group, 5.00%, 5/01/32 |
|
|
750 |
|
|
|
865,492 |
|
North Shore-Long Island Jewish Obligated Group, 5.25%, 5/01/34 |
|
|
1,840 |
|
|
|
2,141,153 |
|
North Shore-Long Island Jewish Obligated Group, 5.00%, 5/01/41 |
|
|
750 |
|
|
|
853,342 |
|
North Shore-Long Island Jewish Obligated Group, 5.00%, 5/01/43 |
|
|
1,140 |
|
|
|
1,319,128 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,108,969 |
|
Housing 2.9% |
|
|
|
|
|
|
|
|
City of New York New York Housing Development Corp., RB, M/F Housing, Series B1: |
|
|
|
|
|
|
|
|
Fund Grant Program, New York City Housing Authority Program, 5.25%, 7/01/32 |
|
|
915 |
|
|
|
1,087,194 |
|
Fund Grant Program, New York City Housing Authority Program, 5.00%, 7/01/33 |
|
|
400 |
|
|
|
464,540 |
|
5.25%, 7/01/30 |
|
|
750 |
|
|
|
899,535 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
MAY 31, 2016 |
|
3 |
|
|
|
Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New
York (continued) |
|
|
|
|
|
|
|
|
Housing (continued) |
|
|
|
|
|
City of New York New York Housing Development Corp., Refunding RB, M/F Housing, 8 Spruce Street, Class F, 4.50%,
2/15/48 |
|
$ |
500 |
|
|
$ |
531,620 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,982,889 |
|
State 10.8% |
|
|
|
|
|
|
|
|
City of New York New York Transitional Finance Authority, BARB: |
|
|
|
|
|
|
|
|
Fiscal 2009, Series S-4 (AGC), 5.50%, 1/15/33 |
|
|
1,000 |
|
|
|
1,120,200 |
|
Series S-2 (AGM) (NPFGC), 5.00%, 1/15/37 |
|
|
850 |
|
|
|
871,607 |
|
Metropolitan Transportation Authority, Refunding RB, Dedicated Tax Fund: |
|
|
|
|
|
|
|
|
Series B, 5.00%, 11/15/34 |
|
|
540 |
|
|
|
616,032 |
|
Sub-Series B-1, 5.00%, 11/15/31 |
|
|
750 |
|
|
|
906,270 |
|
Sales Tax Asset Receivable Corp., Refunding RB, Series A, 5.00%, 10/15/31 |
|
|
750 |
|
|
|
926,542 |
|
State of New York Dormitory Authority, RB, General Purpose, Series B: |
|
|
|
|
|
|
|
|
5.00%, 3/15/37 |
|
|
1,000 |
|
|
|
1,181,780 |
|
5.00%, 3/15/42 |
|
|
1,400 |
|
|
|
1,630,468 |
|
State of New York Dormitory Authority, Refunding RB, School Districts Financing Program, Series A (AGM), 5.00%, 10/01/18
(b) |
|
|
1,000 |
|
|
|
1,096,880 |
|
State of New York Thruway Authority, RB, Transportation, Series A, 5.00%, 3/15/32 |
|
|
320 |
|
|
|
382,669 |
|
State of New York Thruway Authority, Refunding RB, 2nd General Highway & Bridge Trust, Series A, 5.00%, 4/01/32 |
|
|
250 |
|
|
|
297,615 |
|
State of New York Urban Development Corp., RB, State Personal Income Tax, Series C: |
|
|
|
|
|
|
|
|
5.00%, 3/15/30 |
|
|
500 |
|
|
|
602,085 |
|
5.00%, 3/15/32 |
|
|
1,000 |
|
|
|
1,195,840 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New
York (continued) |
|
|
|
|
|
|
|
|
State (continued) |
|
|
|
|
|
State of New York Urban Development Corp., Refunding RB, State Personal Income Tax, Series A, 4.00%, 3/15/37 |
|
$ |
100 |
|
|
$ |
110,119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,938,107 |
|
Tobacco 0.3% |
|
|
|
|
|
|
|
|
County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed,
5.25%, 5/15/40 |
|
|
290 |
|
|
|
332,775 |
|
Transportation 22.8% |
|
|
|
|
|
|
|
|
Metropolitan Transportation Authority, RB: |
|
|
|
|
|
|
|
|
Series A, 5.00%, 11/15/27 |
|
|
575 |
|
|
|
672,848 |
|
Series A-1, 5.25%, 11/15/34 |
|
|
270 |
|
|
|
329,241 |
|
Series C, 6.50%, 11/15/18 (b) |
|
|
560 |
|
|
|
636,065 |
|
Series C, 6.50%, 11/15/28 |
|
|
190 |
|
|
|
216,380 |
|
Series D, 5.25%, 11/15/41 |
|
|
2,000 |
|
|
|
2,368,420 |
|
Series E, 5.00%, 11/15/38 |
|
|
650 |
|
|
|
774,514 |
|
Series H, 5.00%, 11/15/25 |
|
|
1,500 |
|
|
|
1,816,095 |
|
Metropolitan Transportation Authority, Refunding RB, Series D, 5.25%, 11/15/31 |
|
|
750 |
|
|
|
923,295 |
|
Port Authority of New York & New Jersey, ARB, Consolidated, 183rd Series, 4.00%, 6/15/44 |
|
|
1,000 |
|
|
|
1,090,350 |
|
Port Authority of New York & New Jersey, Refunding ARB: |
|
|
|
|
|
|
|
|
179th Series, 5.00%, 12/01/38 |
|
|
245 |
|
|
|
293,128 |
|
Consolidated, 189th Series, 5.00%, 5/01/45 |
|
|
860 |
|
|
|
1,024,810 |
|
State of New York Thruway Authority, RB, Junior Lien, Series A, 5.25%, 1/01/56 |
|
|
490 |
|
|
|
587,495 |
|
State of New York Thruway Authority, Refunding RB, General: |
|
|
|
|
|
|
|
|
Series H (AGM) (NPFGC), 5.00%, 1/01/37 |
|
|
4,000 |
|
|
|
4,248,080 |
|
Series I, 5.00%, 1/01/37 |
|
|
1,325 |
|
|
|
1,538,550 |
|
Series I, 5.00%, 1/01/42 |
|
|
425 |
|
|
|
493,497 |
|
Series K, 5.00%, 1/01/32 |
|
|
750 |
|
|
|
904,305 |
|
Triborough Bridge & Tunnel Authority, RB, Series B, 5.00%, 11/15/40 |
|
|
280 |
|
|
|
336,529 |
|
Triborough Bridge & Tunnel Authority, Refunding RB: |
|
|
|
|
|
|
|
|
General, CAB, Series B, 0.00%, 11/15/32 (a) |
|
|
635 |
|
|
|
396,278 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
MAY 31, 2016 |
|
|
|
|
|
Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New
York (continued) |
|
|
|
|
|
|
|
|
Transportation (continued) |
|
Triborough Bridge & Tunnel Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
General, Remarketing, Series A, 5.00%, 11/15/34 |
|
$ |
1,000 |
|
|
$ |
1,182,820 |
|
General, Series A, 5.25%, 11/15/45 |
|
|
370 |
|
|
|
450,523 |
|
Series C, 5.00%, 11/15/38 |
|
|
1,000 |
|
|
|
1,094,420 |
|
Sub-Series A, 5.00%, 11/15/29 |
|
|
1,485 |
|
|
|
1,778,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,156,436 |
|
Utilities 13.1% |
|
|
|
|
|
|
|
|
Albany Municipal Water Finance Authority, Refunding RB, Series A, 5.00%, 12/01/33 |
|
|
1,000 |
|
|
|
1,168,370 |
|
City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General
Resolution: |
|
|
|
|
|
|
|
|
Fiscal 2015, Series HH, 5.00%, 6/15/39 |
|
|
1,000 |
|
|
|
1,197,550 |
|
Series DD, 5.00%, 6/15/32 |
|
|
1,100 |
|
|
|
1,192,378 |
|
Long Island Power Authority, RB, General, Electric Systems: |
|
|
|
|
|
|
|
|
Series A (AGM), 5.00%, 5/01/36 |
|
|
500 |
|
|
|
571,250 |
|
Series C (CIFG), 5.25%, 9/01/29 |
|
|
1,000 |
|
|
|
1,277,700 |
|
Long Island Power Authority, Refunding RB, Electric Systems, Series A (AGC): |
|
|
|
|
|
|
|
|
5.75%, 4/01/39 |
|
|
1,690 |
|
|
|
1,905,712 |
|
General, 6.00%, 5/01/19 (b) |
|
|
2,000 |
|
|
|
2,290,460 |
|
State of New York Environmental Facilities Corp., RB, Series B, Revolving Funds, Green Bonds, 5.00%, 9/15/40 |
|
|
635 |
|
|
|
756,780 |
|
State of New York Power Authority, Refunding RB, Series A, 5.00%, 11/15/38 |
|
|
1,000 |
|
|
|
1,180,950 |
|
Utility Debt Securitization Authority, Refunding RB, Restructuring: |
|
|
|
|
|
|
|
|
3.00%, 12/15/32 |
|
|
300 |
|
|
|
313,926 |
|
Series E, 5.00%, 12/15/41 |
|
|
1,000 |
|
|
|
1,198,130 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New
York (continued) |
|
|
|
|
|
|
|
|
Utilities (continued) |
|
Western Nassau County Water Authority, RB, Series A, 5.00%, 4/01/40 |
|
$ |
250 |
|
|
$ |
293,837 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,347,043 |
|
Total Municipal Bonds in New York |
|
|
|
|
|
|
117,912,557 |
|
|
|
|
|
|
|
|
|
|
Puerto Rico 1.7% |
|
|
|
|
|
|
|
|
Housing 1.7% |
|
|
|
|
|
Puerto Rico Housing Finance Authority, Refunding RB, M/F Housing, Subordinate, Capital Fund
Modernization, 5.13%, 12/01/27 |
|
|
1,600 |
|
|
|
1,732,144 |
|
Total Municipal Bonds 117.6% |
|
|
|
|
|
|
119,644,701 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to Tender Option Bond Trusts (c) |
|
New York 38.4% |
|
|
|
|
|
|
|
|
County/City/Special District/School District 10.4% |
|
City of New York New York, GO: |
|
|
|
|
|
|
|
|
Fiscal 2015, Series B, 4.00%, 8/01/32 |
|
|
1,790 |
|
|
|
2,011,101 |
|
Sub-Series C-3 (AGC), 5.75%, 8/15/28 (d) |
|
|
1,000 |
|
|
|
1,123,320 |
|
Sub-Series G-1, 5.00%, 4/01/29 |
|
|
1,000 |
|
|
|
1,185,570 |
|
Sub-Series I-1, 5.00%, 3/01/36 |
|
|
250 |
|
|
|
296,097 |
|
City of New York New York Transitional Finance Authority, RB, Future Tax Secured, Sub-Series D-1, 5.00%, 11/01/38 |
|
|
2,475 |
|
|
|
2,874,094 |
|
New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured, 5.00%, 11/15/32 |
|
|
500 |
|
|
|
611,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
MAY 31, 2016 |
|
5 |
|
|
|
Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to Tender Option Bond Trusts (c) |
|
Par (000) |
|
|
Value |
|
New
York (continued) |
|
|
|
|
|
|
|
|
County/City/Special District/School District (continued) |
|
|
|
|
|
|
|
|
New York Liberty Development Corp., Refunding RB, 7 World Trade Center Project, Class 1, 5.00%, 9/15/40 |
|
$ |
2,085 |
|
|
$ |
2,451,439 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,553,371 |
|
Education 4.8% |
|
|
|
|
|
|
|
|
State of New York Dormitory Authority, LRB, State University Dormitory Facilities, New York University, Series A, 5.00%,
7/01/35 |
|
|
1,999 |
|
|
|
2,330,771 |
|
State of New York Dormitory Authority, RB, New York University, Series A (AMBAC), 5.00%, 7/01/17 (b) |
|
|
2,499 |
|
|
|
2,614,071 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,944,842 |
|
State 5.8% |
|
|
|
|
|
|
|
|
Hudson Yards Infrastructure Corp., RB, Fiscal 2012, Series A, 5.75%, 2/15/47 (d) |
|
|
1,800 |
|
|
|
2,115,616 |
|
Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A: |
|
|
|
|
|
|
|
|
5.00%, 10/15/31 |
|
|
990 |
|
|
|
1,223,036 |
|
4.00%, 10/15/32 |
|
|
1,500 |
|
|
|
1,712,790 |
|
State of New York Dormitory Authority, RB, General Purpose, Series C, 5.00%, 3/15/41 |
|
|
750 |
|
|
|
858,292 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,909,734 |
|
Transportation 7.1% |
|
|
|
|
|
|
|
|
New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated Bonds, 5.25%, 12/15/43 |
|
|
3,495 |
|
|
|
4,164,381 |
|
Port Authority of New York & New Jersey, Refunding ARB, 194th Series, 5.25%, 10/15/55 |
|
|
735 |
|
|
|
894,620 |
|
State of New York Thruway Authority, Refunding RB, Transportation, Personal Income Tax, Series A, 5.00%, 3/15/31 |
|
|
800 |
|
|
|
939,328 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to Tender Option Bond Trusts (c) |
|
Par (000) |
|
|
Value |
|
New
York (continued) |
|
|
|
|
|
|
|
|
Transportation (continued) |
|
|
|
|
|
|
|
|
Triborough Bridge & Tunnel Authority, Refunding RB, Series A, 5.00%, 11/15/46 |
|
$ |
1,000 |
|
|
$ |
1,209,310 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,207,639 |
|
Utilities 10.3% |
|
|
|
|
|
|
|
|
City of New York New York Municipal Water Finance Authority, RB, Water & Sewer System, Fiscal 2009, Series A: |
|
|
|
|
|
|
|
|
5.75%, 6/15/18 |
|
|
114 |
|
|
|
125,410 |
|
5.75%, 6/15/40 |
|
|
381 |
|
|
|
418,946 |
|
City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General
Resolution: |
|
|
|
|
|
|
|
|
Fiscal 2011, Series HH, 5.00%, 6/15/32 |
|
|
2,249 |
|
|
|
2,631,026 |
|
Fiscal 2012, Series BB, 5.00%, 6/15/44 |
|
|
2,011 |
|
|
|
2,351,078 |
|
Series FF-2, 5.50%, 6/15/40 |
|
|
405 |
|
|
|
458,246 |
|
Utility Debt Securitization Authority, Refunding RB, 5.00%, 12/15/41 |
|
|
3,719 |
|
|
|
4,455,698 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,440,404 |
|
Total Municipal Bonds Transferred to Tender Option Bond Trusts 38.4% |
|
|
|
39,055,990 |
|
Total Long-Term Investments (Cost $143,535,398) 156.0% |
|
|
|
158,700,691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities |
|
Shares |
|
|
|
|
BlackRock Liquidity Funds, MuniCash, 0.21% (e)(f) |
|
|
1,726,435 |
|
|
|
1,726,435 |
|
Total Short-Term Securities (Cost $1,726,435) 1.7% |
|
|
|
|
|
|
1,726,435 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
MAY 31, 2016 |
|
|
|
|
|
Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
|
|
|
|
|
|
|
Value |
|
Total Investments (Cost $145,261,833*) 157.7% |
|
$ |
160,427,126 |
|
Other Assets Less Liabilities 1.9% |
|
|
1,900,872 |
|
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable (19.8)% |
|
|
(20,096,979 |
) |
VRDP Shares, at Liquidation Value (39.8)% |
|
|
(40,500,000 |
) |
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0% |
|
$ |
101,731,019 |
|
|
|
|
|
|
* |
|
As of May 31, 2016, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows: |
|
|
|
|
|
Tax cost |
|
$ |
125,458,289 |
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
15,165,293 |
|
Gross unrealized depreciation |
|
|
(277,419 |
) |
|
|
|
|
|
Net unrealized appreciation |
|
$ |
14,887,874 |
|
|
|
|
|
|
|
Notes to Schedule of Investments |
(b) |
|
U.S. Government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium
to par. |
(c) |
|
Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing.
|
(d) |
|
All or a portion of security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements,
which expire between February 15, 2017 to February 15, 2019, is $1,482,731. |
(e) |
|
During the period ended May 31, 2016, investments in issuers considered to be affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of
1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate |
|
Shares Held at August 31, 2015 |
|
|
Net Activity |
|
|
Shares Held at May 31, 2016 |
|
|
Value
at May 31, 2016 |
|
|
Income |
|
|
Realized |
|
BIF New York Municipal Money Fund |
|
|
767,884 |
|
|
|
(767,884 |
) |
|
|
|
|
|
|
|
|
|
$ |
15 |
|
|
$ |
129 |
|
BlackRock Liquidity Funds, MuniCash |
|
|
|
|
|
|
1,726,435 |
|
|
|
1,726,435 |
|
|
$ |
1,726,435 |
|
|
|
190 |
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,726,435 |
|
|
$ |
205 |
|
|
$ |
129 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(f) |
|
Current yield as of period end. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
MAY 31, 2016 |
|
7 |
|
|
|
Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
For Trust compliance purposes, the Trusts sector classifications refer to
any one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment advisor. These definitions may not apply for purposes of this report, which may
combine such sector sub-classifications for reporting ease.
|
Derivative Financial Instruments Outstanding as of Period
End |
Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts Short |
|
|
Issue |
|
Expiration |
|
Notional Value |
|
|
Unrealized Depreciation |
|
|
(11 |
) |
|
5-Year U.S. Treasury Note |
|
September 2016 |
|
$ |
1,321,289 |
|
|
$ |
(600 |
) |
|
(21 |
) |
|
10-Year U.S. Treasury Note |
|
September 2016 |
|
$ |
2,723,438 |
|
|
|
(853 |
) |
|
(9 |
) |
|
Long U.S. Treasury Bond |
|
September 2016 |
|
$ |
1,469,812 |
|
|
|
(2,827 |
) |
|
(2 |
) |
|
Ultra U.S. Treasury Bond |
|
September 2016 |
|
$ |
350,250 |
|
|
|
(965 |
) |
|
Total |
|
|
|
|
|
|
|
|
|
|
$ |
(5,245 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AGC |
|
Assured Guarantee Corp. |
|
|
|
|
|
|
|
|
AGM |
|
Assured Guaranty Municipal Corp. |
|
|
|
|
|
|
|
|
AMBAC |
|
American Municipal Bond Assurance Corp. |
|
|
|
|
|
|
|
|
ARB |
|
Airport Revenue Bonds |
|
|
|
|
|
|
|
|
BARB |
|
Building Aid Revenue Bonds |
|
|
|
|
|
|
|
|
BHAC |
|
Berkshire Hathaway Assurance Corp. |
|
|
|
|
|
|
|
|
CAB |
|
Capital Appreciation Bonds |
|
|
|
|
|
|
|
|
CIFG |
|
CIFG Assurance North America, Inc. |
|
|
|
|
|
|
|
|
EDC |
|
Economic Development Corp. |
|
|
|
|
|
|
|
|
FHA |
|
Federal Housing Administration |
|
|
|
|
|
|
|
|
GO |
|
General Obligation Bonds |
|
|
|
|
|
|
|
|
LRB |
|
Lease Revenue Bonds |
|
|
|
|
|
|
|
|
M/F |
|
Multi-Family |
|
|
|
|
|
|
|
|
NPFGC |
|
National Public Finance Guarantee Corp. |
|
|
|
|
|
|
|
|
PILOT |
|
Payment in Lieu of Taxes |
|
|
|
|
|
|
|
|
RB |
|
Revenue Bonds |
|
|
|
|
|
|
|
|
|
Fair Value Hierarchy as of Period End |
Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are
categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
|
|
|
Level 1 unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access
|
|
|
|
Level 2 other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted
prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss
severities, credit risks and default rates) or other market-corroborated inputs) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
MAY 31, 2016 |
|
|
|
|
|
Schedule of Investments (concluded) |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
|
|
|
Level 3 unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available
(including the Trusts own assumptions used in determining the fair value of investments and derivative financial instruments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3
measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such
cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The significant unobservable inputs used by the Global Valuation
Committee in determining the price for Fair Valued Investments are typically categorized as level 3.
Changes in valuation techniques may result
in transfers into or out of an assigned level within the hierarchy. In accordance with the Trusts policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period.
The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated
with investing in those securities. For information about the Trusts policy regarding valuation of investments and derivative financial instruments, refer to the Trusts most recent financial statements as contained in its semi-annual
report.
The following tables summarize the Trusts investments and derivative financial instruments categorized in the disclosure hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-Term Investments1 |
|
|
|
|
|
$ |
158,700,691 |
|
|
|
|
$ |
158,700,691 |
|
Short-Term Securities |
|
$ |
1,726,435 |
|
|
|
|
|
|
|
|
|
1,726,435 |
|
|
|
|
|
|
Total |
|
$ |
1,726,435 |
|
|
$ |
158,700,691 |
|
|
|
|
$ |
160,427,126 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative Financial Instruments 2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate contracts
|
|
$ |
(5,245 |
) |
|
|
|
|
|
|
|
$ |
(5,245 |
) |
1 See above
Schedule of Investments for values in each sector. 2 Derivative financial instruments are futures contracts, which are valued at the unrealized appreciation (depreciation) on the instrument.
The Trust may hold assets and/or liabilities in which the fair value approximates the
carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
|
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Total |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash pledged for futures contracts |
|
$ |
77,300 |
|
|
|
|
|
|
|
|
$ |
77,300 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOB Trust Certificates |
|
|
|
|
|
$ |
(20,080,963 |
) |
|
|
|
|
(20,080,963 |
) |
VRDP Shares |
|
|
|
|
|
|
(40,500,000 |
) |
|
|
|
|
(40,500,000 |
) |
|
|
|
|
|
Total |
|
$ |
77,300 |
|
|
$ |
(60,580,963 |
) |
|
|
|
$ |
(60,503,663 |
) |
|
|
|
|
|
During the period ended May 31, 2016, there were no transfers between levels.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
MAY 31, 2016 |
|
9 |
Item 2 Controls and Procedures
2(a) |
The registrants principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrants disclosure controls and procedures (as defined in Rule
30a-3(c) under the Investment Company Act of 1940, as amended (the 1940 Act)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under
the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. |
2(b) |
There were no changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrants last fiscal quarter that have
materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting. |
Item 3 Exhibits
Certifications Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BlackRock New York Municipal Income
Quality Trust
|
|
|
By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock New York Municipal Income Quality Trust |
Date: July 22, 2016
Pursuant
to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock New York Municipal Income Quality Trust |
|
Date: July 22, 2016 |
|
|
By: |
|
/s/ Neal J. Andrews |
|
|
Neal J. Andrews |
|
|
Chief Financial Officer (principal financial officer) of |
|
|
BlackRock New York Municipal Income Quality Trust |
|
Date: July 22, 2016 |