BNY Profile
BlackRock New York Municipal Income Trust, managed by BlackRock Advisors, LLC, is a closed-ended fixed income mutual fund specializing in investments within the fixed income markets. The fund primarily focuses on investment grade municipal bonds exempt from federal income taxes, as well as those exempt from New York State and New York City personal income taxes.
Founded on July 26, 2001, the fund operates under the auspices of BlackRock, Inc., a global leader in investment management and advisory services. BlackRock New York Municipal Income Trust aims to provide investors with income that is generally exempt from federal, New York State, and New York City income taxes, making it particularly attractive to investors seeking tax-efficient investment opportunities.
With its strategic focus on municipal bonds, the fund offers a diversified portfolio designed to mitigate risk while optimizing returns within the municipal bond market. Its investment strategy emphasizes stability and income generation, catering to investors looking to capitalize on tax-exempt income from high-quality municipal bond investments.
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