HUBBARD ROBERT GLENN 4
4 · BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
MYN Director Glenn R. Hubbard Receives 908 Shares in Reorganization
What Happened
Glenn R. Hubbard, a director of BlackRock MuniYield New York Quality Fund, Inc. (MYN), received 908 common shares of the Acquiring Fund effective February 9, 2026. This was not an open-market purchase or sale but an exchange in a reorganization: Hubbard surrendered 889 common shares of the Target Fund (BlackRock New York Municipal Income Trust) and received 908 shares of the Acquiring Fund. The Form 4 shows the transaction code J (other acquisition/disposition) and lists price as N/A. Based on the reported NAVs (Target Fund NAV $11.1056; Acquiring Fund NAV $10.8726 as of Feb 6, 2026), the exchanged position is approximately $9,872 in value.
Key Details
- Transaction date: February 9, 2026 (effective date of reorganization). Form filed Feb 11, 2026.
- Transaction type/code: Other acquisition (Code J) — fund reorganization exchange, not a market trade. Price listed as N/A.
- Shares received: 908 common shares of the Acquiring Fund in exchange for 889 Target Fund shares (conversion ratio 1.02143002).
- Shares owned after transaction: 908 common shares reported (of the Acquiring Fund).
- Footnote: Reorganization terms — shareholders received Acquiring Fund shares equal in value to Target Fund shares surrendered (less reorg costs); cash paid for any fractional shares.
- Filing timeliness: Report filed two days after the effective date (within the typical 2-business-day Form 4 window).
Context
This was a corporate reorganization swap, not a buy or sale in the open market. Such exchanges reflect structural changes (merger/reorg) and do not by themselves indicate insider buying or selling sentiment. The transaction code J simply denotes an “other” acquisition/disposition category used here for the fund conversion.
Insider Transaction Report
- Other
Common Stock
[F1]2026-02-09+908→ 908 total
Footnotes (1)
- [F1]Effective as of February 9, 2026 BlackRock New York Municipal Income Trust (the "Target Fund") was reorganized into BlackRock MuniYield New York Quality Fund, Inc. (the "Acquiring Fund"). In the reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on February 6, 2026, less the costs of the reorganization. As of February 6, 2026, the Target Fund reported a NAV per share of $11.1056 and the Acquiring Fund reported a NAV per share of $10.8726. The conversion ratio for the Target Fund's common shares was 1.02143002. In the reorganization, Glenn R Hubbard received 908 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 889 common shares of the Target Fund.