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: 11/30/2015
Item 1 Schedule of Investments
|
|
|
Schedule of Investments November 30, 2015 (Unaudited) |
|
BlackRock New York Municipal Income Quality Trust (BSE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New York 119.4% |
|
|
|
|
|
|
|
|
Corporate 0.9% |
|
City of New York New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC, Series A, AMT,
5.00%, 7/01/28 |
|
$ |
165 |
|
|
$ |
177,172 |
|
New York Liberty Development Corp., Refunding RB, Goldman Sachs Headquarters, 5.25%, 10/01/35 |
|
|
570 |
|
|
|
679,081 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
856,253 |
|
County/City/Special District/School District 20.5% |
|
City of New York New York, GO, Fiscal 2014, Sub-Series D-1, 5.00%,
8/01/31 |
|
|
440 |
|
|
|
516,657 |
|
City of New York New York, GO, Refunding, 5.00%, 8/01/30 |
|
|
1,000 |
|
|
|
1,168,130 |
|
City of New York New York, GO: |
|
|
|
|
|
|
|
|
Series A-1, 5.00%, 8/01/35 |
|
|
200 |
|
|
|
230,910 |
|
Refunding, Series E, 5.50%, 8/01/25 |
|
|
830 |
|
|
|
1,041,061 |
|
City of New York New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured: |
|
|
|
|
|
|
|
|
5.00%, 11/15/40 |
|
|
960 |
|
|
|
1,096,560 |
|
5.00%, 11/15/45 |
|
|
1,250 |
|
|
|
1,418,875 |
|
City of New York New York Housing Development Corp., RB, M/F Housing, Fund Grant Program, New York City Housing Authority Program,
Series B1: |
|
|
|
|
|
|
|
|
5.25%, 7/01/32 |
|
|
915 |
|
|
|
1,055,745 |
|
5.00%, 7/01/33 |
|
|
400 |
|
|
|
450,728 |
|
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 |
|
|
|
380,240 |
|
Queens Baseball Stadium (AGC), 6.38%, 1/01/39 |
|
|
150 |
|
|
|
170,219 |
|
City of New York New York Transitional Finance Authority Future Tax Secured, RB, Sub-Series B-1, 5.00%, 11/01/35 |
|
|
425 |
|
|
|
490,212 |
|
City of New York New York Transitional Finance Authority Future Tax Secured, Refunding RB, Series C,
5.00%, 11/01/30 |
|
|
590 |
|
|
|
701,103 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New York (continued) |
|
|
|
|
|
|
|
|
County/City/Special District/School District (continued) |
|
County of Erie New York Industrial Development Agency, RB, City School District of Buffalo Project, Series A: |
|
|
|
|
|
|
|
|
5.25%, 5/01/31 |
|
$ |
200 |
|
|
$ |
232,110 |
|
(AGM), 5.75%, 5/01/17 (b) |
|
|
1,000 |
|
|
|
1,072,440 |
|
County of Erie New York Industrial Development Agency, Refunding RB, City School District of Buffalo Project, 5.00%,
5/01/28 |
|
|
750 |
|
|
|
914,550 |
|
Hudson Yards Infrastructure Corp., RB, Series A: |
|
|
|
|
|
|
|
|
5.00%, 2/15/47 |
|
|
500 |
|
|
|
519,930 |
|
5.75%, 2/15/47 |
|
|
1,000 |
|
|
|
1,141,120 |
|
(AGC), 5.00%, 2/15/47 |
|
|
1,250 |
|
|
|
1,302,287 |
|
(AGM), 5.00%, 2/15/47 |
|
|
750 |
|
|
|
781,372 |
|
(NPFGC), 4.50%, 2/15/47 |
|
|
1,000 |
|
|
|
1,033,910 |
|
New York Liberty Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
4 World Trade Center Project, 5.00%, 11/15/31 |
|
|
1,000 |
|
|
|
1,136,990 |
|
4 World Trade Center Project, 5.00%, 11/15/44 |
|
|
1,250 |
|
|
|
1,391,225 |
|
4 World Trade Center Project, 5.75%, 11/15/51 |
|
|
545 |
|
|
|
628,783 |
|
7 World Trade Center Project, Class 1, 4.00%, 9/15/35 |
|
|
1,100 |
|
|
|
1,193,478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,068,635 |
|
Education 33.2% |
|
|
|
|
|
|
|
|
Build NYC Resource Corp., Refunding RB: |
|
|
|
|
|
|
|
|
City University New York-Queens College Student Residences, LLC Project, Series A, 5.00%, 6/01/38 |
|
|
250 |
|
|
|
281,485 |
|
Ethical Culture Fieldston School Project, 5.00%, 6/01/33 |
|
|
300 |
|
|
|
342,627 |
|
Ethical Culture Fieldston School Project, 5.00%, 6/01/35 |
|
|
350 |
|
|
|
396,669 |
|
Packer Collegiate Institute Project, 5.00%, 6/01/40 |
|
|
690 |
|
|
|
770,102 |
|
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 |
|
|
|
197,138 |
|
4.00%, 12/01/34 |
|
|
130 |
|
|
|
132,365 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
NOVEMBER 30, 2015 |
|
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: |
|
|
|
|
|
|
|
|
American Museum of Natural History, Series A, 5.00%, 7/01/37 |
|
$ |
440 |
|
|
$ |
504,728 |
|
American Museum of Natural History, Series A, 5.00%, 7/01/41 |
|
|
500 |
|
|
|
567,490 |
|
Museum of Modern Art, Series 1A, 5.00%, 4/01/31 |
|
|
700 |
|
|
|
768,019 |
|
Wildlife Conservation Society, Series A, 5.00%, 8/01/42 |
|
|
410 |
|
|
|
457,753 |
|
City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute Project: |
|
|
|
|
|
|
|
|
Series A, 5.13%, 9/01/40 |
|
|
1,645 |
|
|
|
1,842,318 |
|
Series B, 4.00%, 8/01/35 (c) |
|
|
230 |
|
|
|
232,475 |
|
County of Madison New York Capital Resource Corp., Refunding RB, Colgate University Project, Series A, 4.50%,
7/01/39 |
|
|
1,500 |
|
|
|
1,623,030 |
|
County of Monroe New York Industrial Development Corp., RB, University of Rochester Project, Series A,
5.00%, 7/01/31 |
|
|
500 |
|
|
|
568,800 |
|
County of Monroe New York Industrial Development Corp., Refunding RB, University of Rochester Project, Series A, 5.00%,
7/01/38 |
|
|
400 |
|
|
|
453,908 |
|
County of Orange New York Funding Corp., Refunding RB, Mount St. Mary College Project, Series A: |
|
|
|
|
|
|
|
|
5.00%, 7/01/37 |
|
|
180 |
|
|
|
191,612 |
|
5.00%, 7/01/42 |
|
|
115 |
|
|
|
120,917 |
|
County of Schenectady New York Capital Resource Corp., Refunding RB, Union College, 5.00%, 7/01/32 |
|
|
500 |
|
|
|
569,275 |
|
County of Tompkins New York Development Corp., RB, Ithaca College Project (AGM), 5.50%, 7/01/33 |
|
|
250 |
|
|
|
284,198 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New York (continued) |
|
|
|
|
|
|
|
|
Education (continued) |
|
County of Tompkins New York Industrial Development Agency, RB, Civic Facility Cornell University Project, Series A, 5.00%,
7/01/37 |
|
$ |
1,000 |
|
|
$ |
1,142,390 |
|
Dobbs Ferry Local Development Corp., RB, Mercy College Project: |
|
|
|
|
|
|
|
|
5.00%, 7/01/39 |
|
|
1,000 |
|
|
|
1,103,360 |
|
5.00%, 7/01/44 |
|
|
500 |
|
|
|
547,040 |
|
Hempstead Town Local Development Corp., Refunding RB, Adelphini University Project, 5.00%, 10/01/34 |
|
|
310 |
|
|
|
353,152 |
|
State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
Convent of the Sacred Heart (AGM), 5.75%, 11/01/40 |
|
|
300 |
|
|
|
350,283 |
|
Fordham University, Series A, 5.00%, 7/01/28 |
|
|
500 |
|
|
|
570,390 |
|
New School (AGM), 5.50%, 7/01/43 |
|
|
350 |
|
|
|
400,697 |
|
New York University, Series B, 5.00%, 7/01/37 |
|
|
500 |
|
|
|
570,245 |
|
New York University, Series C, 5.00%, 7/01/18 (b) |
|
|
1,000 |
|
|
|
1,103,210 |
|
Rochester Institute of Technology, 5.00%, 7/01/40 |
|
|
550 |
|
|
|
622,347 |
|
Series B, 5.75%, 3/15/36 |
|
|
600 |
|
|
|
686,580 |
|
Series C, 5.00%, 12/15/16 (b) |
|
|
750 |
|
|
|
785,032 |
|
State University Dormitory Facilities, Series A, 5.00%, 7/01/40 |
|
|
600 |
|
|
|
678,924 |
|
State University Dormitory Facilities, Series A, 5.00%, 7/01/41 |
|
|
1,000 |
|
|
|
1,140,040 |
|
Teachers College, Series B, 5.00%, 7/01/42 |
|
|
400 |
|
|
|
447,224 |
|
State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
Barnard College, Series A, 5.00%, 7/01/34 |
|
|
200 |
|
|
|
230,942 |
|
Barnard College, Series A, 4.00%, 7/01/36 |
|
|
190 |
|
|
|
198,622 |
|
Barnard College, Series A, 5.00%, 7/01/43 |
|
|
2,960 |
|
|
|
3,349,773 |
|
Cornell University, Series A, 5.00%, 7/01/40 |
|
|
250 |
|
|
|
284,060 |
|
Fordham University, 5.00%, 7/01/44 |
|
|
640 |
|
|
|
717,197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
NOVEMBER 30, 2015 |
|
|
|
|
|
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): |
|
|
|
|
|
|
|
|
Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 7/01/35 |
|
$ |
1,600 |
|
|
$ |
1,798,128 |
|
New York University, Series A, 5.00%, 7/01/37 |
|
|
745 |
|
|
|
849,665 |
|
Pratt Institute, Series A, 5.00%, 7/01/44 |
|
|
500 |
|
|
|
552,850 |
|
Rochester Institute of Technology, 4.00%, 7/01/32 |
|
|
395 |
|
|
|
412,427 |
|
State University Dormitory Facilities, Series A, 5.25%, 7/01/30 |
|
|
1,500 |
|
|
|
1,781,130 |
|
State University Dormitory Facilities, Series A, 5.25%, 7/01/32 |
|
|
600 |
|
|
|
705,654 |
|
State University Dormitory Facilities, Series A, 5.00%, 7/01/42 |
|
|
450 |
|
|
|
506,848 |
|
Town of Hempstead New York Local Development Corp., Refunding RB, Adelphi University Project, 5.00%, 10/01/35 |
|
|
310 |
|
|
|
352,640 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,545,759 |
|
Health 13.1% |
|
Buffalo & Erie County Industrial Land Development Corp., RB, 5.25%, 7/01/35 |
|
|
500 |
|
|
|
568,540 |
|
County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC), 5.50%, 4/01/30 |
|
|
500 |
|
|
|
572,080 |
|
County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project, Series A, 5.00%,
12/01/37 |
|
|
850 |
|
|
|
931,898 |
|
County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project (FHA), 5.50%,
8/15/40 |
|
|
725 |
|
|
|
845,452 |
|
County of Suffolk New York EDC, RB, Catholic Health Services, Series C, 5.00%, 7/01/32 |
|
|
150 |
|
|
|
166,323 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New York (continued) |
|
|
|
|
|
|
|
|
Health (continued) |
|
County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien, Remarketing, Series A, 5.00%,
11/01/30 |
|
$ |
895 |
|
|
$ |
986,379 |
|
State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
Hudson Valley Hospital (BHAC) (FHA), 5.00%, 8/15/36 |
|
|
1,250 |
|
|
|
1,326,287 |
|
Mental Health Services (AGM), 5.00%, 8/15/18 (b) |
|
|
5 |
|
|
|
5,542 |
|
Mental Health Services (AGM), 5.00%, 8/15/18 (b) |
|
|
5 |
|
|
|
5,542 |
|
Mental Health Services (AGM), 5.00%, 2/15/22 |
|
|
985 |
|
|
|
1,088,927 |
|
Mental Health Services, 2nd Series (AGM), 5.00%, 8/15/18 (b) |
|
|
5 |
|
|
|
5,542 |
|
New York University Hospitals Center, Series A, 6.00%, 7/01/40 |
|
|
250 |
|
|
|
285,240 |
|
North Shore-Long Island Jewish Obligated Group, Series D, 4.25%, 5/01/39 |
|
|
500 |
|
|
|
519,920 |
|
State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
New York University Hospitals Center, Series A, 5.00%, 7/01/17 (b) |
|
|
500 |
|
|
|
532,370 |
|
North Shore-Long Island Jewish Obligated Group, 5.00%, 5/01/43 |
|
|
1,140 |
|
|
|
1,258,834 |
|
North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/32 |
|
|
750 |
|
|
|
824,498 |
|
North Shore-Long Island Jewish Obligated Group, Series A, 5.25%, 5/01/34 |
|
|
1,840 |
|
|
|
2,040,762 |
|
North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/41 |
|
|
750 |
|
|
|
818,220 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,782,356 |
|
Housing 1.4% |
|
City of New York New York Housing Development Corp., RB, M/F Housing, Series B1, 5.25%, 7/01/30 |
|
|
750 |
|
|
|
879,817 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
NOVEMBER 30, 2015 |
|
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 |
|
|
$ |
515,140 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,394,957 |
|
State 12.5% |
|
|
|
|
|
|
|
|
City of New York New York Transitional Finance Authority, BARB: |
|
|
|
|
|
|
|
|
Fiscal 2009, Series S-4 (AGC), 5.50%, 1/15/33 |
|
|
1,000 |
|
|
|
1,128,660 |
|
Series S-2 (AGM) (NPFGC), 5.00%, 1/15/37 |
|
|
850 |
|
|
|
885,513 |
|
Metropolitan Transportation Authority, Refunding RB, Dedicated Tax Fund: |
|
|
|
|
|
|
|
|
Series B, 5.00%, 11/15/34 |
|
|
540 |
|
|
|
610,346 |
|
Sub-Series B-1, 5.00%, 11/15/31 |
|
|
750 |
|
|
|
869,287 |
|
Sales Tax Asset Receivable Corp., Refunding RB, Series A: |
|
|
|
|
|
|
|
|
5.00%, 10/15/31 |
|
|
750 |
|
|
|
892,470 |
|
4.00%, 10/15/32 |
|
|
1,495 |
|
|
|
1,641,241 |
|
State of New York Dormitory Authority, RB, General Purpose, Series B: |
|
|
|
|
|
|
|
|
5.00%, 3/15/37 |
|
|
1,000 |
|
|
|
1,139,680 |
|
5.00%, 3/15/42 |
|
|
1,400 |
|
|
|
1,572,186 |
|
State of New York Dormitory Authority, Refunding RB, School Districts Financing Program, Series A (AGM),
5.00%, 10/01/35 |
|
|
1,000 |
|
|
|
1,093,080 |
|
State of New York Thruway Authority, RB, Transportation, Series A, 5.00%, 3/15/32 |
|
|
320 |
|
|
|
369,779 |
|
State of New York Thruway Authority, Refunding RB, 2nd General Highway & Bridge Trust, Series A,
5.00%, 4/01/32 |
|
|
250 |
|
|
|
286,090 |
|
State of New York Urban Development Corp., RB, State Personal Income Tax, Series C: |
|
|
|
|
|
|
|
|
5.00%, 3/15/30 |
|
|
500 |
|
|
|
582,830 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New York (continued) |
|
|
|
|
|
|
|
|
State (continued) |
|
|
|
|
|
|
|
|
State of New York Urban Development Corp., RB, State Personal Income Tax, Series C (continued): |
|
|
|
|
|
|
|
|
5.00%, 3/15/32 |
|
$ |
1,000 |
|
|
$ |
1,155,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,226,722 |
|
Tobacco 0.3% |
|
|
|
|
|
|
|
|
County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed,
5.25%, 5/15/40 |
|
|
290 |
|
|
|
323,278 |
|
Transportation 23.5% |
|
|
|
|
|
|
|
|
Metropolitan Transportation Authority, RB: |
|
|
|
|
|
|
|
|
Series A, 5.00%, 11/15/27 |
|
|
575 |
|
|
|
663,188 |
|
Series A-1, 5.25%, 11/15/34 |
|
|
270 |
|
|
|
318,794 |
|
Series C, 6.50%, 11/15/28 |
|
|
750 |
|
|
|
868,035 |
|
Series D, 5.25%, 11/15/41 |
|
|
2,000 |
|
|
|
2,340,500 |
|
Series E, 5.00%, 11/15/38 |
|
|
650 |
|
|
|
736,008 |
|
Series H, 5.00%, 11/15/25 |
|
|
1,500 |
|
|
|
1,781,835 |
|
Metropolitan Transportation Authority, Refunding RB, Series D, 5.25%, 11/15/31 |
|
|
750 |
|
|
|
892,043 |
|
Port Authority of New York & New Jersey, ARB, Consolidated, 183rd Series, 4.00%, 6/15/44 |
|
|
1,500 |
|
|
|
1,562,820 |
|
Port Authority of New York & New Jersey, Refunding ARB: |
|
|
|
|
|
|
|
|
179th Series, 5.00%, 12/01/38 |
|
|
245 |
|
|
|
283,215 |
|
Consolidated, 189th Series, 5.00%, 5/01/45 |
|
|
860 |
|
|
|
985,010 |
|
State of New York Thruway Authority, Refunding RB, General: |
|
|
|
|
|
|
|
|
Series H (AGM) (NPFGC), 5.00%, 1/01/37 |
|
|
4,000 |
|
|
|
4,292,400 |
|
Series I, 5.00%, 1/01/37 |
|
|
1,325 |
|
|
|
1,491,778 |
|
Series I, 5.00%, 1/01/42 |
|
|
425 |
|
|
|
474,959 |
|
Series K, 5.00%, 1/01/32 |
|
|
750 |
|
|
|
877,605 |
|
Triborough Bridge & Tunnel Authority, RB, Series B, 5.00%, 11/15/40 |
|
|
280 |
|
|
|
324,237 |
|
Triborough Bridge & Tunnel Authority, Refunding RB: |
|
|
|
|
|
|
|
|
General, CAB, Series B, 0.00%, 11/15/32 (a) |
|
|
1,250 |
|
|
|
680,725 |
|
General, Remarketing, Series A, 5.00%, 11/15/34 |
|
|
1,000 |
|
|
|
1,152,540 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
NOVEMBER 30, 2015 |
|
|
|
|
|
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, Series A, 5.25%, 11/15/45 |
|
$ |
370 |
|
|
$ |
432,463 |
|
Series C, 5.00%, 11/15/38 |
|
|
1,000 |
|
|
|
1,101,400 |
|
Sub-Series A, 5.00%, 11/15/29 |
|
|
1,485 |
|
|
|
1,733,960 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,993,515 |
|
Utilities 14.0% |
|
|
|
|
|
|
|
|
Albany Municipal Water Finance Authority, Refunding RB, Series A, 5.00%, 12/01/33 |
|
|
1,000 |
|
|
|
1,156,860 |
|
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 |
|
|
|
1,154,990 |
|
Series DD, 5.00%, 6/15/32 |
|
|
1,100 |
|
|
|
1,202,322 |
|
Long Island Power Authority, RB, General, Electric Systems: |
|
|
|
|
|
|
|
|
Series A (AGM), 5.00%, 5/01/36 |
|
|
500 |
|
|
|
553,355 |
|
Series C (CIFG), 5.25%, 9/01/29 |
|
|
1,000 |
|
|
|
1,219,090 |
|
Long Island Power Authority, Refunding RB, Electric Systems, Series A: |
|
|
|
|
|
|
|
|
(AGC), 5.75%, 4/01/39 |
|
|
1,690 |
|
|
|
1,916,494 |
|
General, 5.00%, 9/01/44 |
|
|
310 |
|
|
|
345,275 |
|
General (AGC), 6.00%, 5/01/19 (b) |
|
|
2,000 |
|
|
|
2,337,800 |
|
State of New York Environmental Facilities Corp., RB, Series B, Revolving Funds, Green Bonds, 5.00%, 9/15/40 |
|
|
635 |
|
|
|
735,063 |
|
State of New York Power Authority, Refunding RB, Series A, 5.00%, 11/15/38 |
|
|
1,000 |
|
|
|
1,118,200 |
|
Utility Debt Securitization Authority, Refunding RB, Restructuring: |
|
|
|
|
|
|
|
|
3.00%, 12/15/32 |
|
|
485 |
|
|
|
484,277 |
|
Series E, 5.00%, 12/15/41 |
|
|
1,000 |
|
|
|
1,147,340 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds |
|
Par (000) |
|
|
Value |
|
New York (continued) |
|
|
|
|
|
|
|
|
Utilities (continued) |
|
Western Nassau County Water Authority, RB, Series A, 5.00%, 4/01/40 |
|
$ |
250 |
|
|
$ |
281,970 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,653,036 |
|
Total Municipal Bonds in New York |
|
|
|
116,844,511 |
|
Puerto Rico 1.8% |
|
|
|
|
|
|
|
|
Housing 1.8% |
|
Puerto Rico Housing Finance Authority, Refunding RB, M/F Housing, Subordinate, Capital Fund
Modernization, 5.13%, 12/01/27 |
|
|
1,650 |
|
|
|
1,776,341 |
|
Total Municipal Bonds 121.2% |
|
|
|
118,620,852 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to Tender Option Bond Trusts (d) |
|
|
|
|
New York 35.4% |
|
|
|
|
|
|
|
|
County/City/Special District/School District 9.9% |
|
City of New York New York, GO: |
|
|
|
|
|
|
|
|
Fiscal 2015, Series B, 4.00%, 8/01/32 |
|
|
1,790 |
|
|
|
1,901,785 |
|
Sub-Series C-3 (AGC), 5.75%, 8/15/28 (e) |
|
|
1,000 |
|
|
|
1,132,920 |
|
Sub-Series G-1, 5.00%, 4/01/29 |
|
|
1,000 |
|
|
|
1,168,770 |
|
Sub-Series I-1, 5.00%, 3/01/36 |
|
|
250 |
|
|
|
284,538 |
|
City of New York New York Transitional Finance Authority, RB, Future Tax Secured,
Sub-Series D-1, 5.00%, 11/01/38 |
|
|
2,475 |
|
|
|
2,774,376 |
|
New York Liberty Development Corp., Refunding RB, 7 World Trade Center Project, Class 1, 5.00%, 9/15/40 |
|
|
2,085 |
|
|
|
2,393,184 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,655,573 |
|
Education 5.0% |
|
State of New York Dormitory Authority, LRB, State University Dormitory Facilities, New York University, Series A,
5.00%, 7/01/35 |
|
|
1,999 |
|
|
|
2,283,471 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
NOVEMBER 30, 2015 |
|
5 |
|
|
|
Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to
Tender Option Bond Trusts (d) |
|
Par (000) |
|
|
Value |
|
New York (continued) |
|
|
|
|
|
|
|
|
Education (continued) |
|
State of New York Dormitory Authority, RB, New York University, Series A (AMBAC), 5.00%, 7/01/17 (b) |
|
$ |
2,499 |
|
|
$ |
2,663,959 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,947,430 |
|
State 4.2% |
|
|
|
|
|
|
|
|
Hudson Yards Infrastructure Corp., RB, Fiscal 2012, Series A, 5.75%, 2/15/47 (e) |
|
|
1,800 |
|
|
|
2,053,831 |
|
Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A, 5.00%, 10/15/31 |
|
|
990 |
|
|
|
1,178,060 |
|
State of New York Dormitory Authority, RB, General Purpose, Series C, 5.00%, 3/15/41 |
|
|
750 |
|
|
|
864,667 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,096,558 |
|
Transportation 5.9% |
|
|
|
|
|
|
|
|
New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Consolidated Bonds, 5.25%, 12/15/43 |
|
|
3,495 |
|
|
|
4,015,937 |
|
Port Authority of New York & New Jersey, Refunding ARB, 194th Series, 5.25%, 10/15/55 |
|
|
735 |
|
|
|
847,550 |
|
State of New York Thruway Authority, Refunding RB, Transportation, Personal Income Tax, Series A,
5.00%, 3/15/31 |
|
|
800 |
|
|
|
939,048 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,802,535 |
|
Utilities 10.4% |
|
|
|
|
|
|
|
|
City of New York New York Municipal Water Finance Authority, RB, Water & Sewer System, Fiscal 2009, Series A, 5.75%,
6/15/40 |
|
|
495 |
|
|
|
551,102 |
|
|
|
|
|
|
|
|
|
|
Municipal Bonds Transferred to
Tender Option Bond Trusts (d) |
|
Par (000) |
|
|
Value |
|
New York (continued) |
|
|
|
|
|
|
|
|
Utilities (continued) |
|
|
|
|
|
|
|
|
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 |
|
|
$ |
2,612,074 |
|
Fiscal 2012, Series BB, 5.00%, 6/15/44 |
|
|
2,011 |
|
|
|
2,300,245 |
|
Series FF-2, 5.50%, 6/15/40 |
|
|
405 |
|
|
|
459,437 |
|
Utility Debt Securitization Authority, Refunding RB, 5.00%, 12/15/41 |
|
|
3,719 |
|
|
|
4,266,809 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,189,667 |
|
Total Municipal Bonds Transferred to
Tender Option Bond Trusts 35.4% |
|
|
|
34,691,763 |
|
Total Long-Term Investments
(Cost $141,955,660) 156.6% |
|
|
|
153,312,615 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities |
|
Shares |
|
|
|
|
BIF New York Municipal Money Fund, 0.00% (f)(g) |
|
|
2,288,196 |
|
|
|
2,288,196 |
|
Total Short-Term Securities
(Cost $2,288,196) 2.3% |
|
|
|
2,288,196 |
|
Total Investments (Cost $144,243,856*) 158.9% |
|
|
|
155,600,811 |
|
Other Assets Less Liabilities 1.5% |
|
|
|
1,405,060 |
|
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable
(19.0)% |
|
|
|
(18,587,361 |
) |
VRDP Shares, at Liquidation Value (41.4)% |
|
|
|
(40,500,000 |
) |
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0% |
|
|
$ |
97,918,510 |
|
|
|
|
|
|
|
|
|
|
* |
|
As of November 30, 2015, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows: |
|
|
|
|
|
Tax cost |
|
$ |
125,940,376 |
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
11,387,075 |
|
Gross unrealized depreciation |
|
|
(307,539 |
) |
|
|
|
|
|
Net unrealized appreciation |
|
$ |
11,079,536 |
|
|
|
|
|
|
|
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. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
NOVEMBER 30, 2015 |
|
|
|
|
|
Schedule of Investments (continued) |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
(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, which may require the Trust to pay the liquidity provider in the event there is a shortfall between the
TOB Trust Certificates and proceeds received from the sale of the security contributed to the TOB Trust or in the event of a default on the security. In the case of a shortfall or default, 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. |
(f) |
|
During the period ended November 30, 2015, investments in issuers considered to be an affiliate 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 November 30, 2015 |
|
|
Income |
|
BIF New York Municipal Money Fund |
|
|
767,884 |
|
|
|
1,520,312 |
|
|
|
2,288,196 |
|
|
|
|
|
(g) |
|
Represents the current yield as of period end. |
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 |
Financial Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts Short |
|
|
Issue |
|
|
|
Expiration |
|
Notional Value |
|
|
Unrealized (Depreciation) |
|
|
(5 |
) |
|
5-Year U.S. Treasury Note |
|
|
|
March 2016 |
|
$ |
593,398 |
|
|
$ |
(86 |
) |
|
(11 |
) |
|
10-Year U.S. Treasury Note |
|
|
|
March 2016 |
|
$ |
1,390,813 |
|
|
|
(2,766 |
) |
|
(5 |
) |
|
Long U.S. Treasury Bond |
|
|
|
March 2016 |
|
$ |
770,000 |
|
|
|
(2,507 |
) |
|
(1 |
) |
|
Ultra U.S. Treasury Bond |
|
|
|
March 2016 |
|
$ |
158,437 |
|
|
|
(642 |
) |
|
Total |
|
|
$ |
(6,001 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AGC |
|
Assured Guarantee Corp. |
AGM |
|
Assured Guaranty Municipal Corp. |
AMBAC |
|
American Municipal Bond Assurance Corp. |
AMT |
|
Alternative Minimum Tax (subject to) |
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
NOVEMBER 30, 2015 |
|
7 |
|
|
|
Schedule of Investments (continued) |
|
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 marketcorroborated inputs) |
|
|
|
Level 3 unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available
(including 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 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 |
|
|
|
|
|
$ |
153,312,615 |
|
|
|
|
$ |
153,312,615 |
|
Short-Term Securities |
|
$ |
2,288,196 |
|
|
|
|
|
|
|
|
|
2,288,196 |
|
|
|
|
|
|
Total |
|
$ |
2,288,196 |
|
|
$ |
153,312,615 |
|
|
|
|
$ |
155,600,811 |
|
|
|
|
|
|
1 See above Schedule of Investments for
values in each sector. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Total |
|
Derivative Financial Instruments1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate contracts |
|
$ |
(6,001 |
) |
|
|
|
|
|
|
|
$ |
(6,001 |
) |
1 Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation (depreciation) on the
instrument. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8 |
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
NOVEMBER 30, 2015 |
|
|
|
|
|
Schedule of Investments (concluded) |
|
BlackRock New York Municipal Income Quality Trust (BSE) |
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 financial futures contracts |
|
$ |
41,300 |
|
|
|
|
|
|
|
|
$ |
41,300 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOB Trust Certificates |
|
|
|
|
|
$ |
(18,580,899 |
) |
|
|
|
|
(18,580,899 |
) |
VRDP Shares |
|
|
|
|
|
|
(40,500,000 |
) |
|
|
|
|
(40,500,000 |
) |
|
|
|
|
|
Total |
|
$ |
41,300 |
|
|
$ |
(59,080,899 |
) |
|
|
|
$ |
(59,039,599 |
) |
|
|
|
|
|
During the period ended November 30, 2015, there were no transfers between levels.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST |
|
NOVEMBER 30, 2015 |
|
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: |
|
January 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: |
|
January 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: |
|
January 22, 2016 |
|
|