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: 08/31/2019
Date of reporting period: 11/30/2018
Item 1 Schedule of Investments
|
|
|
Schedule of Investments (unaudited)
November 30, 2018 |
|
BlackRock New York Municipal Income Quality Trust (BSE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
|
Municipal Bonds 123.8% |
|
|
New York 123.8% |
|
|
Corporate 0.5% |
|
New York Liberty Development Corp., Refunding RB, Goldman Sachs Headquarters, 5.25%, 10/01/35 |
|
$ |
355 |
|
|
$ |
426,920 |
|
|
|
|
|
|
|
|
|
|
|
County/City/Special District/School District 22.5% |
|
City of New York, GO, Refunding, Series E: |
|
|
|
|
|
|
|
|
5.50%, 08/01/25 |
|
|
725 |
|
|
|
825,877 |
|
5.00%, 08/01/30 |
|
|
1,000 |
|
|
|
1,096,050 |
|
City of New York, GO: |
|
|
|
|
|
|
|
|
Series A-1, 5.00%, 08/01/35 |
|
|
200 |
|
|
|
212,616 |
|
Sub-Series D-1, Fiscal 2014,
5.00%, 08/01/31 |
|
|
440 |
|
|
|
486,235 |
|
Sub-Series F-1,
5.00%, 04/01/43 |
|
|
930 |
|
|
|
1,039,349 |
|
City of New York Convention Center Development Corp., RB, CAB, Sub Lien, Hotel Unit Fee, Series B (AGM),
0.00%, 11/15/55(a) |
|
|
1,000 |
|
|
|
195,980 |
|
City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured: |
|
|
|
|
|
|
|
|
5.00%, 11/15/40 |
|
|
1,335 |
|
|
|
1,476,590 |
|
5.00%, 11/15/45 |
|
|
1,250 |
|
|
|
1,378,500 |
|
City of New York Industrial Development Agency, RB, PILOT: |
|
|
|
|
|
|
|
|
CAB, Yankee Stadium Project, Series A (AGC), 0.00%, 03/01/39(a) |
|
|
1,000 |
|
|
|
431,990 |
|
Queens Baseball Stadium (AGC), 6.38%, 01/01/39 |
|
|
150 |
|
|
|
150,471 |
|
City of New York Transitional Finance Authority Future Tax Secured, RB: |
|
|
|
|
|
|
|
|
Future Tax Secured Subordinate Bond, Series C-3,
5.00%, 05/01/41 |
|
|
775 |
|
|
|
871,449 |
|
Future Tax Secured, Sub-Series
A-3, 4.00%, 08/01/43 |
|
|
570 |
|
|
|
574,965 |
|
Future Tax Secured, Sub-Series
E-1, 5.00%, 02/01/39 |
|
|
555 |
|
|
|
619,036 |
|
Future Tax Secured, Sub-Series
E-1, 5.00%, 02/01/43 |
|
|
845 |
|
|
|
936,775 |
|
Series A-2, 5.00%, 08/01/38 |
|
|
240 |
|
|
|
269,731 |
|
Sub-Series B-1,
5.00%, 11/01/35 |
|
|
425 |
|
|
|
469,366 |
|
City of New York Transitional Finance Authority Future Tax Secured, Refunding RB, Series C,
5.00%, 11/01/30 |
|
|
590 |
|
|
|
665,278 |
|
County of Nassau New York, GO, Refunding, Series C, 5.00%, 10/01/31 |
|
|
475 |
|
|
|
544,987 |
|
Haverstraw-Stony Point Central School District, GO, Refunding, (AGM), 5.00%, 10/15/36 |
|
|
240 |
|
|
|
263,959 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
|
County/City/Special District/School District (continued) |
|
Hudson Yards Infrastructure Corp., RB, Senior, Fiscal 2012: |
|
|
|
|
|
|
|
|
5.75%, 02/15/21(b) |
|
$ |
615 |
|
|
$ |
665,147 |
|
5.75%, 02/15/47 |
|
|
385 |
|
|
|
412,173 |
|
Hudson Yards Infrastructure Corp., Refunding RB: |
|
|
|
|
|
|
|
|
Fiscal 2017, Series A, 5.00%, 02/15/42 |
|
|
745 |
|
|
|
826,801 |
|
Series A, 5.00%, 02/15/39 |
|
|
595 |
|
|
|
663,931 |
|
Metropolitan Transportation Authority Hudson Rail Yards Trust Obligations, Refunding RB, Series A,
5.00%, 11/15/56 |
|
|
1,345 |
|
|
|
1,422,741 |
|
New York Liberty Development Corp., Refunding RB, World Trade Center Project: |
|
|
|
|
|
|
|
|
4, 5.00%, 11/15/31 |
|
|
1,000 |
|
|
|
1,066,190 |
|
4, 5.00%, 11/15/44 |
|
|
1,250 |
|
|
|
1,323,988 |
|
7 Class 1, 4.00%, 09/15/35 |
|
|
1,100 |
|
|
|
1,136,520 |
|
5.75%, 11/15/51 |
|
|
545 |
|
|
|
595,178 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,621,873 |
|
|
Education 34.1% |
|
Build NYC Resource Corp., Refunding RB: |
|
|
|
|
|
|
|
|
City University New York-Queens College Student Residences, LLC Project, Series A,
5.00%, 06/01/38 |
|
|
250 |
|
|
|
274,743 |
|
Ethical Culture Fieldston School Project, 5.00%, 06/01/33 |
|
|
300 |
|
|
|
333,285 |
|
Ethical Culture Fieldston School Project, 5.00%, 06/01/35 |
|
|
350 |
|
|
|
387,313 |
|
Manhattan College Project, 5.00%, 08/01/47 |
|
|
135 |
|
|
|
147,685 |
|
Packer Collegiate Institute Project, 5.00%, 06/01/40 |
|
|
690 |
|
|
|
754,246 |
|
City of Albany New York Capital Resource Corp., Refunding RB, Albany College of Pharmacy and Health Sciences,
Series A: |
|
|
|
|
|
|
|
|
5.00%, 12/01/33 |
|
|
175 |
|
|
|
189,175 |
|
4.00%, 12/01/34 |
|
|
130 |
|
|
|
130,619 |
|
City of New York Trust for Cultural Resources, Refunding RB, Series A: |
|
|
|
|
|
|
|
|
American Museum of Natural History, 5.00%, 07/01/37 |
|
|
440 |
|
|
|
488,673 |
|
American Museum of Natural History, 5.00%, 07/01/41 |
|
|
500 |
|
|
|
554,225 |
|
Wildlife Conservation Society, 5.00%, 08/01/42 |
|
|
410 |
|
|
|
447,064 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2018 |
|
BlackRock New York Municipal Income Quality Trust (BSE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
|
Education (continued) |
|
City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute
Project: |
|
|
|
|
|
|
|
|
Series A, 5.13%, 09/01/40 |
|
$ |
1,645 |
|
|
$ |
1,711,211 |
|
Series B, 4.00%, 08/01/35 |
|
|
230 |
|
|
|
234,731 |
|
Counties of Buffalo & Erie New York Industrial Development Agency, RB, City School District of
Buffalo Project, Series A, 5.25%, 05/01/31 |
|
|
200 |
|
|
|
214,424 |
|
Counties of Buffalo & Erie New York Industrial Development Agency, Refunding RB, City School
District of Buffalo Project, 5.00%, 05/01/28 |
|
|
565 |
|
|
|
655,649 |
|
County of Dutchess New York Local Development Corp., RB, Marist College Project: |
|
|
|
|
|
|
|
|
5.00%, 07/01/43 |
|
|
115 |
|
|
|
128,730 |
|
5.00%, 07/01/48 |
|
|
175 |
|
|
|
194,990 |
|
County of Dutchess New York Local Development Corp., Refunding RB, Vassar College Project: |
|
|
|
|
|
|
|
|
5.00%, 07/01/42 |
|
|
195 |
|
|
|
217,879 |
|
4.00%, 07/01/46 |
|
|
375 |
|
|
|
379,339 |
|
County of Madison New York Capital Resource Corp., Refunding RB, Colgate University Project, Series A,
4.50%, 07/01/39 |
|
|
1,500 |
|
|
|
1,579,080 |
|
County of Monroe New York Industrial Development Corp., RB, University of Rochester Project, Series A,
5.00%, 07/01/21(b) |
|
|
500 |
|
|
|
538,505 |
|
County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project,
Series A, 5.00%, 07/01/23(b) |
|
|
400 |
|
|
|
451,276 |
|
County of Nassau New York, GO, Refunding, Series C, 5.00%, 10/01/29 |
|
|
500 |
|
|
|
575,335 |
|
County of Orange New York Funding Corp., Refunding RB, Mount St. Mary College Project, Series A: |
|
|
|
|
|
|
|
|
5.00%, 07/01/37 |
|
|
180 |
|
|
|
187,029 |
|
5.00%, 07/01/42 |
|
|
115 |
|
|
|
118,908 |
|
County of Schenectady New York Capital Resource Corp., Refunding RB, Union College,
5.00%, 07/01/32 |
|
|
500 |
|
|
|
539,815 |
|
County of Tompkins New York Development Corp., RB, Ithaca College Project (AGM), 5.50%, 01/01/21(b) |
|
|
250 |
|
|
|
267,748 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
|
Education (continued) |
|
County of Tompkins New York Industrial Development Agency, RB, Civic Facility Cornell University Project,
Series A, 5.00%, 07/01/37 |
|
$ |
1,000 |
|
|
$ |
1,040,560 |
|
Dobbs Ferry Local Development Corp., RB, Mercy College Project: |
|
|
|
|
|
|
|
|
5.00%, 07/01/39 |
|
|
1,000 |
|
|
|
1,081,660 |
|
5.00%, 07/01/44 |
|
|
500 |
|
|
|
537,935 |
|
State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
Convent of the Sacred Heart (AGM), 5.75%, 11/01/40 |
|
|
300 |
|
|
|
323,007 |
|
Education, Series B, 5.75%, 03/15/19(b) |
|
|
600 |
|
|
|
606,666 |
|
Fordham University, Series A,
5.00%, 07/01/21(b) |
|
|
500 |
|
|
|
538,505 |
|
New School (AGM), 5.50%, 07/01/20(b) |
|
|
350 |
|
|
|
369,397 |
|
New York University, Series B, 5.00%, 07/01/37 |
|
|
500 |
|
|
|
541,950 |
|
Rochester Institute of Technology, 5.00%, 07/01/40 |
|
|
550 |
|
|
|
571,527 |
|
State University Dormitory Facilities, Series A, 5.00%, 07/01/40 |
|
|
600 |
|
|
|
623,580 |
|
State University Dormitory Facilities, Series A, 5.00%, 07/01/41 |
|
|
1,000 |
|
|
|
1,061,700 |
|
State University Of New York Dormitory Facilities, Series A, 5.00%, 07/01/43 |
|
|
415 |
|
|
|
465,622 |
|
State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
Barnard College, Series A, 5.00%, 07/01/34 |
|
|
200 |
|
|
|
224,718 |
|
Barnard College, Series A, 5.00%, 07/01/43 |
|
|
2,960 |
|
|
|
3,269,912 |
|
Cornell University, Series A, 5.00%, 07/01/40 |
|
|
250 |
|
|
|
260,023 |
|
Fordham University, 5.00%, 07/01/44 |
|
|
640 |
|
|
|
690,579 |
|
Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 07/01/35 |
|
|
1,380 |
|
|
|
1,525,342 |
|
New York University, Series A, 5.00%, 07/01/37 |
|
|
745 |
|
|
|
807,505 |
|
Pratt Institute, Series A, 5.00%, 07/01/44 |
|
|
500 |
|
|
|
540,830 |
|
State University Dormitory Facilities, Series A, 5.25%, 07/01/30 |
|
|
1,500 |
|
|
|
1,682,085 |
|
State University Dormitory Facilities, Series A, 5.25%, 07/01/32 |
|
|
600 |
|
|
|
672,006 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2018 |
|
BlackRock New York Municipal Income Quality Trust (BSE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
|
Education (continued) |
|
State of New York Dormitory Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
State University Dormitory Facilities, Series A, 5.00%, 07/01/42 |
|
$ |
450 |
|
|
$ |
483,286 |
|
State University Dormitory Facilities, Series B, 5.00%, 07/01/32 |
|
|
545 |
|
|
|
611,664 |
|
State University of New York Dormitory Facilities, Series A, 5.00%, 07/01/38 |
|
|
255 |
|
|
|
286,533 |
|
Town of Hempstead New York Local Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
Adelphi University Project, 5.00%, 10/01/34 |
|
|
310 |
|
|
|
342,026 |
|
Adelphi University Project, 5.00%, 10/01/35 |
|
|
310 |
|
|
|
343,771 |
|
Hofstra University Project, 5.00%, 07/01/47 |
|
|
100 |
|
|
|
110,092 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,314,158 |
|
|
Health 11.5% |
|
Counties of Buffalo & Erie New York Industrial Land Development Corp., RB, Catholic Health System
Obligation, 5.25%, 07/01/35 |
|
|
500 |
|
|
|
541,175 |
|
County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC),
5.50%, 04/01/30 |
|
|
500 |
|
|
|
527,955 |
|
County of Dutchess New York Local Development Corp., RB, Health Quest Systems, Inc., Series B,
4.00%, 07/01/41 |
|
|
550 |
|
|
|
552,024 |
|
County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project: |
|
|
|
|
|
|
|
|
4.00%, 12/01/41 |
|
|
200 |
|
|
|
194,592 |
|
5.00%, 12/01/46 |
|
|
320 |
|
|
|
344,787 |
|
Series A, 5.00%, 12/01/37 |
|
|
850 |
|
|
|
907,324 |
|
County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project
(FHA), 5.50%, 08/15/40 |
|
|
725 |
|
|
|
774,619 |
|
County of Suffolk New York EDC, RB, Catholic Health Services, Series C, 5.00%, 07/01/32 |
|
|
150 |
|
|
|
160,901 |
|
County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien, Remarketing, Series A,
5.00%, 11/01/30 |
|
|
895 |
|
|
|
943,321 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
|
Health (continued) |
|
State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
New York University Hospitals Center, Series A, 6.00%, 07/01/20(b) |
|
$ |
250 |
|
|
$ |
265,785 |
|
North Shore-Long Island Jewish Obligated Group, Series D, 4.25%, 05/01/39 |
|
|
500 |
|
|
|
517,100 |
|
State of New York Dormitory Authority, Refunding RB, North Shore-Long Island Jewish Obligated Group,
Series A: |
|
|
|
|
|
|
|
|
5.00%, 05/01/21(b) |
|
|
1,500 |
|
|
|
1,606,725 |
|
5.25%, 05/01/21(b) |
|
|
1,840 |
|
|
|
1,981,698 |
|
5.00%, 05/01/43 |
|
|
1,140 |
|
|
|
1,228,749 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,546,755 |
|
|
Housing 6.5% |
|
City of New York Housing Development Corp., RB, M/F Housing, Fund Grant Program, New York City Housing
Authority Program, Series B1: |
|
|
|
|
|
|
|
|
5.25%, 07/01/32 |
|
|
915 |
|
|
|
993,809 |
|
5.00%, 07/01/33 |
|
|
400 |
|
|
|
428,824 |
|
City of New York Housing Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
M/F Housing, 8 Spruce Street, Class F, 4.50%, 02/15/48 |
|
|
500 |
|
|
|
513,705 |
|
Sustainable Neighborhood Bonds, Series A,
4.25%, 11/01/43(c) |
|
|
1,395 |
|
|
|
1,418,464 |
|
City of New York Housing Development Corp., RB, M/F Housing, Series B1, 5.25%, 07/01/30 |
|
|
750 |
|
|
|
821,288 |
|
County of Onondaga New York Trust for Cultural Resources, Refunding RB, Abby Lane Housing Corporation
Project, 5.00%, 05/01/40 |
|
|
445 |
|
|
|
478,468 |
|
State of New York HFA, RB: |
|
|
|
|
|
|
|
|
Affordable Housing, Series E (SONYMA), 4.15%, 11/01/47 |
|
|
330 |
|
|
|
333,346 |
|
Affordable M/F Housing, Series B (Ginnie Mae, Fannie Mae & Freddie Mac),
4.00%, 11/01/42 |
|
|
110 |
|
|
|
110,839 |
|
State of New York Mortgage Agency, Refunding RB, S/F, Series 213, 4.20%, 10/01/43 |
|
|
880 |
|
|
|
892,285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,991,028 |
|
|
State 14.0% |
|
City of New York Transitional Finance Authority, BARB, Fiscal 2009,
Series S-4 (AGC), 5.50%, 01/15/33 |
|
|
1,000 |
|
|
|
1,004,330 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2018 |
|
BlackRock New York Municipal Income Quality Trust (BSE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
|
State (continued) |
|
City of New York Transitional Finance Authority Building Aid Revenue, Refunding RB, Series S-3, 4.00%, 07/15/38 |
|
$ |
1,160 |
|
|
$ |
1,180,369 |
|
Metropolitan Transportation Authority, Refunding RB, Dedicated Tax Fund: |
|
|
|
|
|
|
|
|
Series B, 5.00%, 11/15/19(b) |
|
|
540 |
|
|
|
556,308 |
|
Sub-Series B-1,
5.00%, 11/15/31 |
|
|
750 |
|
|
|
835,252 |
|
Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A, 5.00%, 10/15/31 |
|
|
750 |
|
|
|
845,550 |
|
State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
Bid Group 2, Series A, 5.00%, 03/15/38 |
|
|
560 |
|
|
|
627,598 |
|
Bid Group 3, Series A, 5.00%, 03/15/39 |
|
|
760 |
|
|
|
859,279 |
|
Bid Group 3, Series A, 5.00%, 03/15/43 |
|
|
265 |
|
|
|
297,370 |
|
General Purpose, Series B, 5.00%, 03/15/37 |
|
|
1,000 |
|
|
|
1,071,050 |
|
General Purpose, Series B, 5.00%, 03/15/42 |
|
|
1,400 |
|
|
|
1,494,934 |
|
Group B, State Sales Tax, Series A, 5.00%, 03/15/39 |
|
|
90 |
|
|
|
100,657 |
|
Group C, State Sales Tax, Series A, 4.00%, 03/15/45 |
|
|
670 |
|
|
|
677,986 |
|
Series A, 5.00%, 03/15/36 |
|
|
440 |
|
|
|
495,440 |
|
Series A, 5.00%, 02/15/42 |
|
|
500 |
|
|
|
553,400 |
|
State of New York Dormitory Authority, Refunding RB, Group 3, Series E, 5.00%, 03/15/41 |
|
|
570 |
|
|
|
643,798 |
|
State of New York Urban Development Corp., RB, State Personal Income Tax, Series C: |
|
|
|
|
|
|
|
|
5.00%, 03/15/30 |
|
|
500 |
|
|
|
550,425 |
|
5.00%, 03/15/32 |
|
|
1,000 |
|
|
|
1,095,740 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,889,486 |
|
|
Tobacco 1.3% |
|
Counties of New York Tobacco Trust VI, Refunding RB, Tobacco Settlement Pass-Through: |
|
|
|
|
|
|
|
|
Series A-2B, 5.00%, 06/01/51 |
|
|
270 |
|
|
|
272,179 |
|
Series B, 5.00%, 06/01/45 |
|
|
300 |
|
|
|
308,295 |
|
County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed,
5.25%, 05/15/40 |
|
|
290 |
|
|
|
302,244 |
|
Westchester New York Tobacco Asset Securitization, Refunding RB, Tobacco Settlement Bonds, Sub-Series C, 4.00%, 06/01/42 |
|
|
285 |
|
|
|
260,980 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,143,698 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
|
Transportation 16.6% |
|
Buffalo & Fort Erie Public Bridge Authority, RB, 5.00%, 01/01/47 |
|
$
|
265 |
|
|
$
|
291,569 |
|
Metropolitan Transportation Authority, RB: |
|
|
|
|
|
|
|
|
Series A, 5.00%, 11/15/21(b) |
|
|
575 |
|
|
|
624,985 |
|
Series A-1, 5.25%, 11/15/23(b) |
|
|
270 |
|
|
|
310,036 |
|
Series D, 5.25%, 11/15/21(b) |
|
|
440 |
|
|
|
481,386 |
|
Series E, 5.00%, 11/15/38 |
|
|
650 |
|
|
|
696,670 |
|
Metropolitan Transportation Authority, Refunding RB: |
|
|
|
|
|
|
|
|
Green Bond, SubSeries B-1, 5.00%, 11/15/51 |
|
|
480 |
|
|
|
529,214 |
|
Green Bonds, Climate Bond Certified,
Sub-Series B-2, 4.00%, 11/15/34 |
|
|
500 |
|
|
|
526,125 |
|
Series C-1, 5.00%, 11/15/36 |
|
|
1,020 |
|
|
|
1,121,612 |
|
Series D, 5.25%, 11/15/21(b) |
|
|
1,560 |
|
|
|
1,706,733 |
|
Series D, 5.25%, 11/15/23(b) |
|
|
750 |
|
|
|
861,210 |
|
Port Authority of New York & New Jersey, Refunding ARB, 179th Series, 5.00%, 12/01/38 |
|
|
245 |
|
|
|
270,066 |
|
State of New York Thruway Authority, RB, Junior Lien, Series A: |
|
|
|
|
|
|
|
|
5.00%, 01/01/41 |
|
|
365 |
|
|
|
399,518 |
|
5.25%, 01/01/56 |
|
|
210 |
|
|
|
229,547 |
|
State of New York Thruway Authority, Refunding RB: |
|
|
|
|
|
|
|
|
2nd General Highway & Bridge Trust, Series A, 5.00%, 04/01/32 |
|
|
250 |
|
|
|
270,812 |
|
General, Series I, 5.00%, 01/01/37 |
|
|
1,325 |
|
|
|
1,401,863 |
|
General, Series I, 5.00%, 01/01/42 |
|
|
425 |
|
|
|
447,351 |
|
General, Series K, 5.00%, 01/01/32 |
|
|
750 |
|
|
|
833,160 |
|
Series L, 5.00%, 01/01/33 |
|
|
90 |
|
|
|
102,899 |
|
Series L, 5.00%, 01/01/34 |
|
|
140 |
|
|
|
159,354 |
|
Series L, 5.00%, 01/01/35 |
|
|
170 |
|
|
|
192,787 |
|
Triborough Bridge & Tunnel Authority, RB, Series B, 5.00%, 11/15/40 |
|
|
280 |
|
|
|
313,202 |
|
Triborough Bridge & Tunnel Authority, Refunding RB: |
|
|
|
|
|
|
|
|
General, CAB, Series B, 0.00%, 11/15/32(a) |
|
|
635 |
|
|
|
382,378 |
|
General, Remarketing, Series A, 5.00%, 11/15/34 |
|
|
1,000 |
|
|
|
1,095,770 |
|
General, Series A, 5.25%, 11/15/45 |
|
|
370 |
|
|
|
420,324 |
|
Sub-Series A, 5.00%, 11/15/29 |
|
|
1,485 |
|
|
|
1,641,638 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,310,209 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2018 |
|
BlackRock New York Municipal Income Quality Trust (BSE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Utilities 16.8% |
|
Albany Municipal Water Finance Authority, Refunding RB, Series A, 5.00%, 12/01/33 |
|
$
|
1,000 |
|
|
$
|
1,077,330 |
|
City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General
Resolution, Fiscal 2015, Series HH, 5.00%, 06/15/39 |
|
|
1,000 |
|
|
|
1,104,690 |
|
City of New York Water & Sewer System, Refunding RB: |
|
|
|
|
|
|
|
|
Series EE, 5.00%, 06/15/40 |
|
|
700 |
|
|
|
788,193 |
|
Water & Sewer System, 2nd General Resolution, Fiscal 2018, Series FF, 5.00%, 06/15/38 |
|
|
1,000 |
|
|
|
1,137,160 |
|
County of Western Nassau New York Water Authority, RB, Series A, 5.00%, 04/01/40 |
|
|
250 |
|
|
|
274,520 |
|
Long Island Power Authority, RB: |
|
|
|
|
|
|
|
|
5.00%, 09/01/38 |
|
|
625 |
|
|
|
705,094 |
|
General, 5.00%, 09/01/47 |
|
|
950 |
|
|
|
1,046,691 |
|
General, Electric Systems, 5.00%, 09/01/42 |
|
|
290 |
|
|
|
320,433 |
|
General, Electric Systems, Series A (AGM),
5.00%, 05/01/21(b) |
|
|
500 |
|
|
|
535,575 |
|
General, Electric Systems, Series C (CIFG), 5.25%, 09/01/29 |
|
|
1,000 |
|
|
|
1,184,580 |
|
Long Island Power Authority, Refunding RB: |
|
|
|
|
|
|
|
|
Electric System, Series B, 5.00%, 09/01/46 |
|
|
140 |
|
|
|
153,530 |
|
Electric Systems, Series A (AGC),
5.75%, 04/01/19(b) |
|
|
1,690 |
|
|
|
1,711,868 |
|
General, Electric Systems, Series A (AGC),
6.00%, 05/01/19(b) |
|
|
2,000 |
|
|
|
2,034,460 |
|
State of New York Environmental Facilities Corp., RB, Series B: |
|
|
|
|
|
|
|
|
Revolving Funds, Green Bonds, 5.00%, 09/15/40 |
|
|
635 |
|
|
|
704,494 |
|
Subordinated SRF Bonds, 5.00%, 06/15/48 |
|
|
460 |
|
|
|
519,883 |
|
State of New York Power Authority, Refunding RB, Series A, 5.00%, 11/15/38 |
|
|
1,000 |
|
|
|
1,075,610 |
|
Utility Debt Securitization Authority, Refunding RB, Restructuring, Series E, 5.00%, 12/15/41 |
|
|
1,000 |
|
|
|
1,091,760 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,465,871 |
|
|
|
|
|
|
|
|
|
|
Total Municipal Bonds 123.8% (Cost $110,005,119) |
|
|
|
113,709,998 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
Municipal Bonds Transferred to Tender Option Bond Trusts(d) |
|
|
New York 42.9% |
|
County/City/Special District/School District 12.6% |
|
City of New York, GO: |
|
|
|
|
|
|
|
|
Sub-Series C-3 (AGC),
5.75%, 02/15/19(b)(e) |
|
$
|
64 |
|
|
$
|
64,105 |
|
Sub-Series C-3 (AGC),
5.75%, 08/15/28(e) |
|
|
936 |
|
|
|
943,835 |
|
Sub-Series G-1,
5.00%, 04/01/29 |
|
|
1,000 |
|
|
|
1,078,445 |
|
Sub-Series I-1,
5.00%, 03/01/36 |
|
|
250 |
|
|
|
276,084 |
|
Refunding Fiscal 2015, Series B, 4.00%, 08/01/32 |
|
|
1,790 |
|
|
|
1,868,697 |
|
City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured,
5.00%, 11/15/32 |
|
|
500 |
|
|
|
564,623 |
|
City of New York Transitional Finance Authority, RB, Future Tax Secured, Sub-Series D-1, 5.00%,
11/01/38 |
|
|
2,475 |
|
|
|
2,628,062 |
|
Hudson Yards Infrastructure Corp., RB, Senior-Fiscal
2012(e): |
|
|
|
|
|
|
|
|
5.75%, 02/15/21(b) |
|
|
1,114 |
|
|
|
1,198,843 |
|
5.75%, 02/15/47 |
|
|
686 |
|
|
|
737,492 |
|
New York Liberty Development Corp., Refunding RB, 7 World Trade Center Project, Class 1,
5.00%, 09/15/40 |
|
|
2,085 |
|
|
|
2,241,236 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,601,422 |
|
Education 2.3% |
|
State of New York Dormitory Authority, RB, State University Dormitory Facilities, New York University,
Series A, 5.00%, 07/01/35 |
|
|
1,999 |
|
|
|
2,126,531 |
|
|
|
|
|
|
|
|
|
|
State 5.1% |
|
Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A: |
|
|
|
|
|
|
|
|
5.00%, 10/15/31 |
|
|
990 |
|
|
|
1,116,030 |
|
4.00%, 10/15/32 |
|
|
1,500 |
|
|
|
1,590,008 |
|
State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
Bid Group 2, Series A, 5.00%, 03/15/32 |
|
|
1,000 |
|
|
|
1,164,445 |
|
General Purpose, Series C, 5.00%, 03/15/41 |
|
|
750 |
|
|
|
791,179 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,661,662 |
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2018 |
|
BlackRock New York Municipal Income Quality Trust (BSE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
|
Transportation 11.5% |
|
New York Liberty Development Corp., ARB, 1 World Trade Center Port Authority Consolidated Bonds,
5.25%, 12/15/43 |
|
$
|
3,495 |
|
|
$
|
3,775,399 |
|
Port Authority of New York & New Jersey, Refunding ARB: |
|
|
|
|
|
|
|
|
194th Series, 5.25%, 10/15/55 |
|
|
735 |
|
|
|
820,642 |
|
Consolidated, 210th Series, 5.00%, 09/01/48 |
|
|
1,900 |
|
|
|
2,136,788 |
|
State of New York Thruway Authority, Refunding RB, Transportation, Personal Income Tax, Series A,
5.00%, 03/15/31 |
|
|
800 |
|
|
|
855,042 |
|
Triborough Bridge & Tunnel Authority, Refunding RB: |
|
|
|
|
|
|
|
|
General, Series A, 5.00%, 11/15/46 |
|
|
1,000 |
|
|
|
1,103,775 |
|
MTA Bridges & Tunnels, Series C-2,
5.00%, 11/15/42 |
|
|
1,665 |
|
|
|
1,871,732 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,563,378 |
|
|
Utilities 11.4% |
|
City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General
Resolution: |
|
|
|
|
|
|
|
|
Fiscal 2011, Series HH, 5.00%, 06/15/32 |
|
|
2,249 |
|
|
|
2,389,639 |
|
Fiscal 2012, Series BB, 5.00%, 06/15/44 |
|
|
2,010 |
|
|
|
2,143,183 |
|
City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General
Resolution, Series FF-2, 5.50%, 06/15/40 |
|
$ |
405 |
|
|
$ |
411,620 |
|
Utility Debt Securitization Authority, Refunding RB: |
|
|
|
|
|
|
|
|
5.00%, 12/15/41 |
|
|
3,719 |
|
|
|
4,057,621 |
|
Restructuring, Series A, 5.00%, 12/15/35 |
|
|
1,000 |
|
|
|
1,133,185 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Par (000) |
|
|
Value |
|
|
Utilities (continued) |
|
Restructuring, Series B, 4.00%, 12/15/35 |
|
$
|
280 |
|
|
$
|
293,657 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,428,905 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Municipal Bonds Transferred to Tender Option Bond Trusts 42.9%
(Cost $38,458,842) |
|
|
|
39,381,898 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Long-Term Investments 166.7% (Cost $148,463,961) |
|
|
|
153,091,896 |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
|
|
|
|
Short-Term Securities 0.9% |
|
|
|
|
|
BlackRock Liquidity Funds New York Money Fund Portfolio, 1.51%(f)(g) |
|
|
857,173 |
|
|
|
857,173 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Securities 0.9% (Cost $857,173) |
|
|
|
857,173 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 167.6% (Cost $149,321,134) |
|
|
|
153,949,069 |
|
|
|
Other Assets Less Liabilities 0.0% |
|
|
|
39,825 |
|
|
|
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable
(23.7)% |
|
|
|
(21,772,997 |
) |
|
|
VRDP Shares at Liquidation Value, Net of Deferred Offering Costs (43.9)% |
|
|
|
(40,357,420 |
) |
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0% |
|
|
$ |
91,858,477 |
|
|
|
|
|
|
|
|
|
|
(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) |
When-issued security. |
(d) |
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. |
(e) |
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 agreement, which expire February 15, 2019, is $1,482,731. |
(f) |
Annualized 7-day yield as of period end. |
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2018 |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
(g) |
During the period ended November 30, 2018, 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: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliates |
|
Shares Held at 08/31/18 |
|
|
Net Activity |
|
|
Shares Held at 11/30/18 |
|
|
Value at 11/30/18 |
|
|
Income |
|
|
Net Realized Gain (Loss) (a) |
|
|
Change in Unrealized Appreciation (Depreciation) |
|
BlackRock Liquidity Funds New York Money Fund Portfolio |
|
|
|
|
|
|
857,173 |
|
|
|
857,173 |
|
|
$ |
857,173 |
|
|
$ |
1,080 |
|
|
$ |
|
|
|
$ |
|
|
BlackRock Liquidity Funds, MuniCash, Institutional Class |
|
|
673,097 |
|
|
|
(673,097 |
) |
|
|
|
|
|
|
|
|
|
|
1,449 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
857,173 |
|
|
$ |
2,529 |
|
|
$ |
|
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Includes net capital gain distributions, if applicable. |
|
For Trust compliance purposes, the Trusts sector classifications refer to 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 adviser. These definitions may not apply for purposes of this report, which may
combine such industry sub-classifications for reporting ease.
Portfolio Abbreviations
AGC Assured Guarantee Corp.
AGM Assured Guaranty Municipal Corp.
ARB Airport Revenue Bonds
BARB Building Aid Revenue Bonds
CAB Capital Appreciation Bonds
CIFG CIFG Assurance North America, Inc.
EDC Economic Development Corp.
FHA Federal Housing Administration
GO General Obligation Bonds
HFA Housing Finance Agency
M/F Multi-Family
PILOT Payment in Lieu of Taxes
RB Revenue Bonds
SONYMA State of New York Mortgage Agency
SRF State Revolving Fund
Derivative Financial Instruments
Outstanding as of Period End
Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Number of Contracts |
|
|
Expiration Date |
|
|
Notional Amount (000) |
|
|
Value/ Unrealized Appreciation (Depreciation) |
|
Short Contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10-Year U.S. Treasury Note |
|
|
16 |
|
|
|
03/20/19 |
|
|
$ |
1,911 |
|
|
$ |
(4,941 |
) |
Long U.S. Treasury Bond |
|
|
30 |
|
|
|
03/20/19 |
|
|
|
4,197 |
|
|
|
(17,671 |
) |
5-Year U.S. Treasury Note |
|
|
17 |
|
|
|
03/29/19 |
|
|
|
1,920 |
|
|
|
(2,049 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(24,661 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2018 |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
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) |
|
|
|
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. Investments classified within
Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the Global Valuation Committee) in determining the price for Fair Valued Investments. Level 3 investments include
equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.
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 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 Investments(a) |
|
$ |
|
|
|
$ |
153,091,896 |
|
|
$ |
|
|
|
$ |
153,091,896 |
|
Short-Term Securities |
|
|
857,173 |
|
|
|
|
|
|
|
|
|
|
|
857,173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
857,173 |
|
|
$ |
153,091,896 |
|
|
$ |
|
|
|
$ |
153,949,069 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative Financial Instruments(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate contracts |
|
$ |
(24,661 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
(24,661 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
See above Schedule of Investments for values in sector. |
|
|
(b) |
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 statement
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 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOB Trust Certificates |
|
$ |
|
|
|
$ |
(21,702,203 |
) |
|
$ |
|
|
|
$ |
(21,702,203 |
) |
VRDP Shares at Liquidation Value |
|
|
|
|
|
|
(40,500,000 |
) |
|
|
|
|
|
|
(40,500,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
|
|
|
$ |
(62,202,203 |
) |
|
$ |
|
|
|
$ |
(62,202,203 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the period ended November 30, 2018, there were no transfers between levels.
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: January 18, 2019
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: January 18, 2019
|
|
|
By: |
|
/s/ Neal J. Andrews |
|
|
Neal J. Andrews |
|
|
Chief Financial Officer (principal financial officer) of |
|
|
BlackRock New York Municipal Income Quality Trust |
Date: January 18, 2019