Schedule 13G

Filed by: SABA CAPITAL MANAGEMENT, L.P.
Total Shares: 356,265
Subject Company: BlackRock New York Municipal Income Quality Trust - View Complete Ownership History Backtest
Filed as of Date: 05/16/2019
Event Date: 05/06/2019
Overall % Ownership: 5.46

Reporting Persons

Name Sole
Voting Power
Shared
Voting Power
Sole
Dispositive Power
Shared
Dispositive Power
Aggregate
Amount Owned
Percent
of class
Saba Capital Management, LP 0 356,265 0 356,265 356,265 5.46%
Boaz R Weinstein 0 356,265 0 356,265 356,265 5.46%
View Original Filing on Edgar's

Raw Filing Contents

0001062993-19-002320.txt : 20190516
0001062993-19-002320.hdr.sgml : 20190516
20190516103347
ACCESSION NUMBER:		0001062993-19-002320
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20190516
DATE AS OF CHANGE:		20190516

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
		CENTRAL INDEX KEY:			0001181024
		IRS NUMBER:				816105964
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-84323
		FILM NUMBER:		19830846

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		888-825-2257

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK NEW YORK INSURED MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	20020904

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK NEW YORK MUNICIPAL INCOME TRUST III
		DATE OF NAME CHANGE:	20020816

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Saba Capital Management, L.P.
		CENTRAL INDEX KEY:			0001510281
		IRS NUMBER:				800361690
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
		BUSINESS PHONE:		212-542-4635

	MAIL ADDRESS:	
		STREET 1:		405 LEXINGTON AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
SC 13G 1 schedule13g.htm SCHEDULE 13-G 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 person’s 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

CUSIP No.           09249U105

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

CUSIP No.           09249U105

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 Issuer’s 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:

Item 4. Ownership

(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
   
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 D’Angelo

Name: Michael D’Angelo

Title: Chief Compliance Officer

Boaz R. Weinstein

By: Michael D’Angelo

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 D’Angelo
Name: Michael D’Angelo
Title: Authorized Signatory
 
BOAZ R. WEINSTEIN
 
By: /s/ Michael D’Angelo
Title: Attorney-in-fact

Page 7 of 7


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