Saba Capital Management, L.P.: Schedule 13G - Filed by newsfilecorp.com
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._)*
BlackRock New York Municipal Income Quality
Trust
(Name of Issuer)
Common Stock, 0.001 par value
(Title of Class of
Securities)
09249U105
(CUSIP Number)
May 6, 2019
(Date of Event which Requires Filing of
this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting persons initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
SCHEDULE 13G
1
|
Names of Reporting
Persons Saba Capital Management, L.P. |
2
|
Check the appropriate box if a
member of a Group (see
instructions) (a) [
] (b) [ ] |
3
|
Sec Use Only |
4
|
Citizenship or Place of
Organization Delaware |
Number of
Shares Beneficially Owned by Each
Reporting Person With:
|
5
|
Sole Voting Power
-0- |
6
|
Shared Voting Power
356,265 |
7
|
Sole Dispositive Power
-0- |
8
|
Shared Dispositive Power
356,265 |
9
|
Aggregate Amount Beneficially
Owned by Each Reporting Person 356,265 |
10
|
Check box if the aggregate amount
in row (9) excludes certain shares (See Instructions)
[ ] |
11
|
Percent of class represented by
amount in row (9) 5.46% |
12
|
Type of Reporting Person (See
Instructions) PN; IA |
The percentages used herein are calculated based upon 6,519,660
shares of common stock outstanding as of 02/28/2019, as disclosed in the
company's Form N-CSRS filed 5/03/2019
Page 2 of 7
SCHEDULE 13G
1
|
Names of Reporting
Persons Boaz R. Weinstein |
2
|
Check the appropriate box if a
member of a Group (see
instructions) (a) [
] (b) [ ] |
3 |
Sec Use Only
|
4
|
Citizenship or Place of
Organization United States |
Number of
Shares Beneficially Owned by Each
Reporting Person With:
|
5
|
Sole Voting Power
-0- |
6
|
Shared Voting Power
356,265 |
7
|
Sole Dispositive Power
-0- |
8
|
Shared Dispositive Power
356,265 |
9
|
Aggregate Amount Beneficially
Owned by Each Reporting Person 356,265 |
10
|
Check box if the aggregate amount
in row (9) excludes certain shares (See Instructions)
[ ] |
11
|
Percent of class represented by
amount in row (9) 5.46% |
12
|
Type of Reporting Person (See
Instructions) IN |
The percentages used herein are calculated based upon 6,519,660
shares of common stock outstanding as of 02/28/2019, as disclosed in the
company's Form N-CSRS filed 5/03/2019
Page 3 of 7
Item 1.
(a) |
Name of Issuer: BlackRock New York Municipal
Income Quality Trust |
|
|
(b) |
Address of Issuers Principal Executive
Offices: 100 Bellevue Parkway, Wilmington, DE
19809 |
Item 2.
(a) |
Name of Person Filing: Saba Capital Management,
L.P., a Delaware limited partnership ("Saba Capital") and Mr. Boaz R.
Weinstein (together, the "Reporting Persons"). The Reporting Persons have
entered into a Joint Filing Agreement, dated May 16, 2019, pursuant to
which the Reporting Persons have agreed to file this statement and any
subsequent amendments hereto jointly in accordance with the provisions of
Rule 13d-1(k)(1) under the Act. Any disclosures herein with respect to
persons other than the Reporting Persons are made on information and
belief after making inquiry to the appropriate party. The filing of this
statement should not be construed as an admission that any of the forgoing
persons or the Reporting Persons is, for the purposes of Section 13 of the
Act, the beneficial owner of the Common Stock reported
herein. |
(b) |
Address of Principal Business Office or, if None,
Residence: The address of the business office of Saba Capital and Mr.
Weinstein is 405 Lexington Avenue, 58th Floor, New York, New York
10174. |
|
|
(c) |
Citizenship: Saba Capital is organized as a
limited partnership under the laws of the State of Delaware. Mr. Weinstein
is a citizen of the United States. |
(d) |
Title and Class of Securities: Common stock, 0.001
Par Value (the "Common Stock"). |
|
|
(e) |
CUSIP No.: 09249U105 |
Item 3. |
If this statement is filed pursuant to §§
240.13d-1(b) or 240.13d-2(b) or (c), check whether the person
filing is a: |
|
(a) |
[_] |
Broker or dealer registered under Section 15 of
the Act; |
|
|
|
|
|
(b) |
[_] |
Bank as defined in Section 3(a)(6) of the Act;
|
|
|
|
|
|
(c) |
[_] |
Insurance company as defined in Section
3(a)(19) of the Act; |
|
|
|
|
|
(d) |
[_] |
Investment company registered under Section 8
of the Investment Company Act of 1940; |
|
|
|
|
|
(e) |
[_] |
An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E); |
|
|
|
|
|
(f) |
[_] |
An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F); |
|
|
|
|
|
(g) |
[_] |
A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G); |
|
|
|
|
|
(h) |
[_] |
A savings associations as defined in Section
3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
|
|
|
|
|
(i) |
[_] |
A church plan that is excluded from the
definition of an investment company under section 3(c)(14) of the
Investment Company Act of 1940; |
|
|
|
|
|
(j) |
[_] |
A non-U.S. institution in accordance with Rule
240.13d-1(b)(1)(ii)(J); |
Page 4 of 7
|
(k) |
[_] |
Group, in accordance with Rule
240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance
with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
|
(a) |
Amount Beneficially Owned: The information
required by Items 4(a) - (c) is set forth in Rows (5) - (11) of the cover
page for each Reporting Person hereto and is incorporated herein by
reference for each such Reporting Person. |
Item 5. |
Ownership of Five Percent or Less of a
Class. N/A |
|
|
Item 6. |
Ownership of more than Five Percent on
Behalf of Another Person. N/A |
|
|
Item 7. |
Identification and classification of the
subsidiary which acquired the security being reported on by the
parent holding company or control person. N/A |
|
|
Item 8. |
Identification and classification of members
of the group. N/A |
|
|
Item 9. |
Notice of Dissolution of Group. N/A
|
|
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Item 10. |
Certifications. |
|
|
|
By signing below each Reporting Person certifies that, to
the best of his or its knowledge and belief, the securities referred to
above were not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as
a participant in any transaction having that purpose or effect.
|
Page 5 of 7
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: 5/16/2019
/s/ Signature Michael DAngelo
Name: Michael DAngelo
Title: Chief Compliance Officer
Boaz R. Weinstein
By: Michael DAngelo
Title: Attorney-in-fact***
*** Pursuant to a Power of Attorney dated as of November 16,
2015
Page 6 of 7
EXHIBIT 1 |
JOINT FILING AGREEMENT |
PURSUANT TO RULE 13d-1(k) |
The undersigned acknowledge and
agree that the foregoing statement on Schedule 13G is filed on behalf of each of
the undersigned and that all subsequent amendments to this statement on Schedule
13G shall be filed on behalf of each of the undersigned without the necessity of
filing additional joint filing agreements. The undersigned acknowledge that each
shall be responsible for the timely filing of such amendments, and for the
completeness and accuracy of the information concerning him or it contained
herein and therein, but shall not be responsible for the completeness and
accuracy of the information concerning the others, except to the extent that he
or it knows or has reason to believe that such information is inaccurate.
DATED: May 16, 2019 |
|
SABA CAPITAL MANAGEMENT, L.P. |
|
By: /s/ Michael DAngelo |
Name: Michael DAngelo |
Title: Authorized Signatory |
|
BOAZ R. WEINSTEIN |
|
By: /s/ Michael DAngelo |
Title: Attorney-in-fact |
Page 7 of 7