BNY News and Press, BlackRock New York Municipal Income Trust From 03/19/22

We review CEF market valuation and performance through the second week of March and highlight recent market action. All CEF sectors were down this week with the majority of sectors now at double-digit negative returns for the year. We discuss the different flavors of distribution ...

Four out of 24 CEF sectors positive on price and three out of 24 sectors positive on NAV last two weeks. SPE has an upcoming tender offer. GUT has a rights offering coming up. JPT tender offer and FTF rights offering completed. For further details see: Weekly Closed-...

BlackRock New York Municipal Income Trust (NYSE:BNY) declares $0.0465/share monthly dividend, -17.7% decrease from prior dividend of $0.0565. Forward yield 4.37% Payable April 1; for shareholders of record March 15; ex-div March 14. See BNY Dividend Scorecard, Yield Chart, & Dividend Grow...

Interest rate volatility prompted another month of negative total returns. Below-average issuance was counterbalanced by a slowdown in demand. November could provide opportunities ahead of seasonal strength in December and January. For further details see: Muni Seasonal ...

Rising interest rates drove negative total returns. Supply and demand dynamics turned less seasonally favorable and acted as a headwind. More attractive valuations could provide near-term opportunity. For further details see: Munis Remained Tethered To Rates In September...

Interest in municipal closed-end funds (CEFs) vs. municipal bonds often stems from higher return potential - this is mostly due to the use of leverage in municipal closed-end funds. Leverage could potentially amplify both the fund's net asset value (NAV) and its distribution; however,...

Modestly negative performance in August capped a robust summer seasonal period. Issuance exceeded expectations, resulting in less of a supply/demand imbalance than is typical. We maintain a defensive posture into the historically less favorable month of September. For furthe...

Rallying interest rates drove strong muni bond performance in July. Market dynamics remained seasonally favorable, with demand for munis broadly outpacing supply. A more defensive posture may be warranted ahead of elevated risks in the fall. For further details see: Muni...

New York Governor Andrew Cuomo resigns less than two weeks after the state's attorney general issued its report on sexual harassment allegations made against the governor. Lieutenant Governor Kathy Hochul will become the state's acting governor. Developing.. check back for updates. ETFs ...

22 out of 23 CEF sectors positive on price and 20 out of 23 sectors positive on NAV last week. Commodities lead while senior loans lag. A small distribution boost from NMZ, a Taxable Income portfolio holding. For further details see: Weekly Closed-End Fund Roundup: April...