**BlackRock MuniYield New York Quality Fund Enters Standstill Agreement with Saba Capital Management**

On January 20, 2025, BlackRock MuniYield New York Quality Fund, Inc. announced the signing of a standstill agreement with Saba Capital Management, L.P. The agreement involves BlackRock Advisors, LLC, the Investment Advisor, and Saba Capital Management, L.P. agreeing to certain terms during the effective period of the Standstill Agreement.

As per the terms of the agreement, Saba Capital Management, L.P. has committed to adhering to specific standstill covenants. Additionally, they have agreed to withdraw a shareholder proposal that was previously put forth for consideration at the Fund’s 2025 annual meeting of shareholders. Furthermore, Saba Capital Management, L.P. will cast its shares of common stock, if any, in alignment with the recommendation of the Fund’s Board of Directors on all matters presented to shareholders.

The Standstill Agreement is set to be in effect until the day following the completion of the Fund’s 2027 annual meeting of shareholders or until August 31, 2027, whichever comes earlier, unless terminated before by the involved parties. A copy of the Standstill Agreement can be referenced in Exhibit 10.1 of the report, which is incorporated by reference.

In addition to this development, the 8-K filing includes the mention of financial statements and exhibits, including the Standstill Agreement dated January 20, 2025.

BlackRock MuniYield New York Quality Fund, Inc. signed the report, represented by its Secretary, Janey Ahn. The document was duly signed on behalf of the registrant as of January 21, 2025.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read BlackRock MuniYield New York Quality Fund’s 8K filing here.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.