HUBBARD ROBERT GLENN 4

4 · BLACKROCK NEW YORK MUNICIPAL INCOME TRUST · Filed Feb 11, 2026

AI-generated summary of this filing

Updated Feb 11, 2026

BlackRock NY Municipal Trust Director Glenn R. Hubbard Converts 889 Shares

What Happened

Glenn R. Hubbard, a director of BlackRock New York Municipal Income Trust (BNY), had 889 BNY common shares converted into 908 common shares of BlackRock MuniYield New York Quality Fund as part of a fund reorganization on Feb 9, 2026. The Form 4 reports the transaction as code J ("other acquisition or disposition") and lists price as N/A because the exchange was effected via NAV-based conversion rather than an open-market trade.
Using the reported NAVs (BNY $11.1056, Acquiring Fund $10.8726 as of Feb 6, 2026) the converted position is worth roughly $9,873 (889 × $11.1056 ≈ $9,872.88; 908 × $10.8726 ≈ $9,872.32).

Key Details

Transaction date: 2026-02-09; Form 4 filed: 2026-02-11 (timely, within the two-business-day reporting window).
Transaction type/code: J — Other acquisition/disposition (fund reorganization/conversion).
Conversion ratio: 1.02143002 (889 shares × ratio ≈ 908 shares; cash paid for any fractional share).
Shares after transaction: 908 common shares of BlackRock MuniYield New York Quality Fund (received in exchange for 889 BNY shares).
Filing lists price as N/A because consideration was NAV-based; footnote explains conversion mechanics.

Context

This was a corporate reorganization (merger/conversion of funds), not a market sale or a discretionary purchase by the insider. Such conversions are administrative and reflect the exchange of fund shares at stated NAVs rather than insider buying or selling for investment reasons.

Form 4

Period: 2026-02-09

Director

Transactions

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 (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.

Signature

/s/ Gladys Chang as Attorney-in-Fact|2026-02-11

1 file