BlackRock New York Municipal Income Trust is an investment fund that primarily focuses on generating income through investments in a diversified portfolio of municipal bonds issued by the state of New York and its political subdivisions
The trust seeks to provide shareholders with tax-exempt income, primarily from interest payments on these bonds, while also aiming to preserve capital. The expertise of BlackRock's management team allows for careful selection of high-quality securities, taking advantage of opportunities in the municipal bond market to maximize total return and enhance income for investors.
State Street is reportedly planning to unveil its digital asset custody offering next year, while Bank of New York Mellon is expected to add support for more digital assets, in addition to its existing limited custody service for BTC and ETH.
US banks' earnings season kicks off Friday with major players like JPMorgan, Wells Fargo, and Bank of New York Mellon reporting. Analysts expect positive performance driven by Fed rate cuts and excess capital return. RBC's top picks are Truist Financial and KeyCorp.
Bank stocks may rebound with a soft-landing, rate cuts, and improved customer activity, but political risks and lower interest rates could dampen growth.
BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurchase Programs”). Under each Fund’s current Repurchase Program, each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2022) in open market transactions. Pursuant to the Boards’ renewal of the Repurchase Programs, commencing on December 1, 2023, each Fund may repurchase up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2023) in open market transactions through November 30, 2024. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value (“NAV”) per share, which could result in incremental accretion to a Fund’s NAV. The Boards have authorized the renewal of a Repurchase Program for the following Funds:
Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today issued a statement regarding its campaign to improve the Boards of Trustees of 10 poorly governed and underperforming closed-end funds managed by BlackRock Advisors, LLC (“BlackRock”) and BlackRock’s intentionally false and misleading press release issued on June 28, 2024.
Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), a significant shareholder of 10 BlackRock closed-end funds (collectively, the “Funds” or the “CEFs”),1 today announced that Institutional Shareholder Services Inc. (“ISS”) has recommended shareholders vote on the GOLD Proxy Card at the following Funds:
Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), a significant shareholder of 10 BlackRock closed-end funds (collectively, the “Funds” or the “CEFs”),1 today announced that Institutional Shareholder Services Inc. (“ISS”) has made the following recommendations:
Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today sent the below letter to shareholders of 10 BlackRock closed-end funds (collectively, the “Funds” or the “CEFs”)1 where Saba has nominated independent directors for election to the Funds’ Boards of Trustees (the “Boards”) at the upcoming 2024 Annual Meetings of Shareholders (the “Annual Meetings”).
Saba Capital Management, L.P. (together with its affiliates, “Saba” or “we”) today issued a presentation detailing its plan to deliver shareholder value at 10 BlackRock Advisors, LLC (“BlackRock”) closed-end funds (collectively, the “Funds”).1 The presentation can be viewed here.
The BlackRock closed-end funds (each a “Fund,” and collectively the “Funds”) listed below announced today the implementation of voluntary management fee waivers, effective May 1, 2024. Under the terms of this initiative, BlackRock Advisors, LLC (“BlackRock”) intends to waive management fees if certain conditions, detailed below, are met. In addition, BlackRock will be waiving an additional one-time $2 million in management/advisory fees pro-rata across the Funds.
BlackRock Advisors, LLC (“BlackRock”) released today share repurchase activity for certain BlackRock-advised closed-end funds (the “Funds”) during the quarter ended December 31, 2023. The Funds have authorized open market share repurchase programs (the “Repurchase Programs”) pursuant to which each Fund may repurchase, through November 30, 2024, up to 5% of its outstanding common shares in open market transactions. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value (“NAV”) per share, which could result in incremental accretion to a Fund’s NAV.
