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MYN BlackRock MuniYield New York Quality Fund Inc

10.42
0.00 (0.00%)
27 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BlackRock MuniYield New York Quality Fund Inc NYSE:MYN NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.42 0 00:00:00

Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend]

01/10/2024 7:27pm

Edgar (US Regulatory)



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC

(Name of Issuer)

Common Shares, $0.10 par value

(Title of Class of Securities)

09255E102

(CUSIP Number)

Saba Capital Management, L.P.
405 Lexington Avenue
58th Floor
New York, NY 10174
Attention: Michael D'Angelo
(212) 542-4635

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

September 30, 2024

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [  ]

(Page 1 of 7 Pages)

______________________________

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



CUSIP No.  09255E102 SCHEDULE 13D/A Page 2 of 7 Pages

1

NAME OF REPORTING PERSON
          Saba Capital Management, L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
         
4 SOURCE OF FUNDS
          OO (see Item 3)
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
          Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7 SOLE VOTING POWER
          -0-
8 SHARED VOTING POWER
          1,913,913
9 SOLE DISPOSITIVE POWER
          -0-
10 SHARED DISPOSITIVE POWER
         1,913,913
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
          1,913,913
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
          4.99%
14 TYPE OF REPORTING PERSON
          PN; IA

The percentages used herein are calculated based upon 38,313,208 shares of common stock outstanding as of 1/31/24, as disclosed in the company's N-CSRS filed 4/3/24


CUSIP No.  09255E102 SCHEDULE 13D/A Page 3 of 7 Pages

1

NAME OF REPORTING PERSON
          Boaz R. Weinstein
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
         
4 SOURCE OF FUNDS
          OO (see Item 3)
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
          United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7 SOLE VOTING POWER
          -0-
8 SHARED VOTING POWER
          1,913,913
9 SOLE DISPOSITIVE POWER
          -0-
10 SHARED DISPOSITIVE POWER
          1,913,913
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
          1,913,913
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
          4.99%
14 TYPE OF REPORTING PERSON
          IN

The percentages used herein are calculated based upon 38,313,208 shares of common stock outstanding as of 1/31/24, as disclosed in the company's N-CSRS filed 4/3/24


CUSIP No.  09255E102 SCHEDULE 13D/A Page 4 of 7 Pages

1

NAME OF REPORTING PERSON
          Saba Capital Management GP, LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
         
4 SOURCE OF FUNDS
          OO (see Item 3)
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
         Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
7 SOLE VOTING POWER
          -0-
8 SHARED VOTING POWER
         1,913,913
9 SOLE DISPOSITIVE POWER
          -0-
10 SHARED DISPOSITIVE POWER
          1,913,913
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
          1,913,913
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
          4.99%
14 TYPE OF REPORTING PERSON
          OO

The percentages used herein are calculated based upon 38,313,208 shares of common stock outstanding as of 1/31/24, as disclosed in the company's N-CSRS filed 4/3/24


CUSIP No.  09255E102 SCHEDULE 13D/A Page 5 of 7 Pages

Item 1. SECURITY AND ISSUER
   
  This Amendment No. 4 amends and supplements statement on Schedule 13D filed with the SEC on 11/20/23, as amended by Amendment No. 1 filed 2/20/24, Amendment No. 2 filed 2/28/24, and Amendment No. 3 filed 5/21/24; with respect to the common shares of BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. This Amendment No. 4 amends Items 3 and 5, as set forth below.
   
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
   
  Funds for the purchase of the Common Shares were derived from the subscription proceeds from investors and the capital appreciation thereon and margin account borrowings made in the ordinary course of business.  In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time.  Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Shares reported herein. A total of approximately $18,387,513 was paid to acquire the Common Shares reported herein.
   

Item 5.

INTEREST IN SECURITIES OF THE ISSUER

 

 

(a)

See rows (11) and (13) of the cover pages to this Schedule 13D/A for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons.  The percentages used herein are calculated based upon 38,313,208 shares of common stock outstanding as of 1/31/24, as disclosed in the company's N-CSRS filed 4/3/24.

 

 

(b)

See rows (7) through (10) of the cover pages to this Schedule 13D/A for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.

 

 

(c)

The transactions in the Common Shares effected in the last sixty days by the Reporting Persons, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference.

 

 

(d)

The funds and accounts advised by Saba Capital have the right to receive the dividends from and proceeds of sales from the Common Shares.

 

 

(e)

Not applicable.



CUSIP No.  09255E102 SCHEDULE 13D/A Page 6 of 7 Pages

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date:  October 1, 2024

 

SABA CAPITAL MANAGEMENT, L.P. 

By:  /s/ Michael D'Angelo

 

Name: Michael D'Angelo

Title: Chief Compliance Officer

 

 

 

 

 

SABA CAPITAL MANAGEMENT GP, LLC 

By:  /s/ Michael D'Angelo

Name: Michael D'Angelo

Title: Authorized Signatory

 

 

 

 

 

BOAZ R. WEINSTEIN 

By:  /s/ Michael D'Angelo

 

Name: Michael D'Angelo

 

Title: Attorney-in-fact*

   
   

* Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823 

 



CUSIP No.  09255E102 SCHEDULE 13D/A Page 7 of 7 Pages

Schedule A

This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital in the last sixty days.  All transactions were effectuated in the open market through a broker.

Trade Date

Buy/Sell

Shares

Price

9/13/2024

Sell

62,251

10.77

9/16/2024

Sell

39,145

10.78

9/17/2024

Sell

23,245

10.78

9/20/2024

Sell

11,301

10.77

9/24/2024

Sell

12,204

10.76

9/25/2024

Sell

22,184

10.76

9/26/2024

Sell

36,923

10.75

9/27/2024

Sell

14,667

10.79

9/30/2024

Sell

49,901

10.78




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