BlackRock Completes Merger of MHN into MYN, Adopts Discount Management Program for Combined Fund

summarizeSummary

BlackRock completed the merger of BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) into BlackRock MuniYield New York Quality Fund, Inc. (MYN), with former MHN shareholders receiving MYN shares. The combined fund also adopted a new Discount Management Program.

check_boxKey Events

• Merger Completion

  BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) has completed its reorganization and merged with and into BlackRock MuniYield New York Quality Fund, Inc. (MYN).

• Share Conversion Details

  Common shareholders of MHN received 1.03091257 common shares of MYN for each MHN share, based on relative net asset values as of February 6, 2026. The reorganization is expected to be non-taxable.

• Discount Management Program Adopted

  The survivor fund, MYN, adopted a Discount Management Program. If its common shares trade at an average daily discount to NAV greater than 10% during a 9-month period, the fund intends to repurchase a minimum of 5% of its outstanding shares at 98% of NAV.

auto_awesomeAnalysis

BlackRock announced the completion of the reorganization of BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) with and into BlackRock MuniYield New York Quality Fund, Inc. (MYN). As a result, MHN shareholders received 1.03091257 shares of MYN for each MHN share held. This merger fundamentally changes the investment vehicle for former MHN shareholders. Additionally, the survivor fund, MYN, has adopted a Discount Management Program, which aims to enhance long-term shareholder value by offering to repurchase shares if the fund trades at a significant discount to its net asset value.