BlackRock New York Municipal Income Trust II
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment
Company Act file number: 811-21124
Name of Fund: BlackRock New York Municipal Income Trust II (BFY)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock New York
Municipal Income Trust II, 55 East 52nd Street, New York, NY 10055
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 08/31/2018
Date of reporting period:
05/31/2018
Item 1 – Schedule of Investments
|
|
|
| Schedule of Investments (unaudited)
May 31, 2018 |
|
BlackRock New York Municipal Income Trust II (BFY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds — 148.4% |
|
|
| New York — 144.5% |
|
| Corporate — 5.0% |
|
| Build NYC Resource Corp., Refunding RB, Pratt Paper, Inc. Project, AMT, 5.00%, 01/01/35(a) |
|
$ |
140 |
|
|
$ |
150,956 |
|
| City of New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC,
Series A, AMT: |
|
|
|
|
|
|
|
|
| 5.00%, 07/01/22 |
|
|
350 |
|
|
|
384,265 |
|
| 5.00%, 07/01/28 |
|
|
330 |
|
|
|
353,298 |
|
| County of Essex New York Industrial Development Agency, RB, International Paper Co. Project, Series A, AMT,
6.63%, 09/01/32 |
|
|
200 |
|
|
|
202,396 |
|
| County of Onondaga New York Industrial Development Agency, RB, Bristol-Meyers Squibb Co. Project, AMT, 5.75%,
03/01/24 |
|
|
500 |
|
|
|
586,390 |
|
| New York Liberty Development Corp., Refunding RB, Goldman Sachs Headquarters, 5.25%, 10/01/35 |
|
|
1,155 |
|
|
|
1,448,589 |
|
| Niagara Area Development Corp., Refunding RB, Solid Waste Disposal Facility, Covanta Energy Project,
Series A, AMT, 5.25%, 11/01/42(a) |
|
|
625 |
|
|
|
625,413 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,751,307 |
|
| County/City/Special District/School District — 32.5% |
|
| City of New York, GO, Refunding: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 08/01/30 |
|
|
1,700 |
|
|
|
1,961,273 |
|
| Series E, 5.50%, 08/01/25 |
|
|
965 |
|
|
|
1,118,946 |
|
| Series E, 5.00%, 08/01/30 |
|
|
500 |
|
|
|
556,490 |
|
| City of New York, GO: |
|
|
|
|
|
|
|
|
| Series A-1, 4.75%, 08/15/25 |
|
|
500 |
|
|
|
503,035 |
|
| Series G-1, 6.25%, 12/15/31 |
|
|
5 |
|
|
|
5,124 |
|
| Sub-Series D-1, Fiscal 2014,
5.00%, 08/01/31 |
|
|
690 |
|
|
|
774,394 |
|
| Sub-Series G-1, 6.25%,
12/15/18(b) |
|
|
245 |
|
|
|
251,086 |
|
| Sub-Series I-1, 5.38%,
04/01/19(b) |
|
|
120 |
|
|
|
123,715 |
|
| Sub-Series I-1, 5.38%,
04/01/36 |
|
|
15 |
|
|
|
15,426 |
|
| City of New York Convention Center Development Corp., RB, CAB, Sub Lien, Hotel Unit Fee, Series B (AGM),
0.00%, 11/15/55(c) |
|
|
1,000 |
|
|
|
219,560 |
|
| City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured,
5.00%, 11/15/45 |
|
|
2,340 |
|
|
|
2,636,923 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| County/City/Special District/School District (continued) |
|
| City of New York Industrial Development Agency, RB, PILOT: |
|
|
|
|
|
|
|
|
| CAB, Yankee Stadium Project, Series A (AGC), 0.00%,
03/01/42(c) |
|
$ |
1,750 |
|
|
$ |
686,595 |
|
| CAB, Yankee Stadium Project, Series A (AGC), 0.00%,
03/01/45(c) |
|
|
500 |
|
|
|
170,230 |
|
| (AMBAC), 5.00%, 01/01/39 |
|
|
500 |
|
|
|
506,290 |
|
| Queens Baseball Stadium (AGC), 6.38%, 01/01/39 |
|
|
100 |
|
|
|
102,522 |
|
| Queens Baseball Stadium (AMBAC), 5.00%, 01/01/46 |
|
|
400 |
|
|
|
405,404 |
|
| City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured, 5.00%,
11/15/40 |
|
|
1,445 |
|
|
|
1,633,486 |
|
| City of New York Industrial Development Agency, RB, PILOT, Yankee Stadium Project: |
|
|
|
|
|
|
|
|
| CAB, Series A (AGC), 0.00%, 03/01/35(c) |
|
|
500 |
|
|
|
273,785 |
|
| (NPFGC), 4.75%, 03/01/46 |
|
|
400 |
|
|
|
400,288 |
|
| (NPFGC), 5.00%, 03/01/46 |
|
|
500 |
|
|
|
502,680 |
|
| City of Syracuse New York, GO, Airport Terminal Security & Access, Series A, AMT (AGM), 4.75%,
11/01/31 |
|
|
500 |
|
|
|
525,320 |
|
| County of Erie New York Fiscal Stability Authority, RB, Sales Tax and State Aid Secured Refunding Bonds,
Series D: |
|
|
|
|
|
|
|
|
| 5.00%, 09/01/35 |
|
|
45 |
|
|
|
52,970 |
|
| 5.00%, 09/01/36 |
|
|
40 |
|
|
|
46,942 |
|
| 5.00%, 09/01/37 |
|
|
45 |
|
|
|
52,770 |
|
| 5.00%, 09/01/38 |
|
|
70 |
|
|
|
82,025 |
|
| 5.00%, 09/01/39 |
|
|
55 |
|
|
|
64,351 |
|
| County of Nassau New York, GO, Refunding Series B, 5.00%, 04/01/32 |
|
|
335 |
|
|
|
387,160 |
|
| Haverstraw-Stony Point Central School District, GO, Refunding, 5.00%, 10/15/36 |
|
|
120 |
|
|
|
133,946 |
|
| Hudson Yards Infrastructure Corp., RB, Senior, Fiscal 2012: |
|
|
|
|
|
|
|
|
| 5.75%, 02/15/21(b) |
|
|
960 |
|
|
|
1,057,229 |
|
| 5.75%, 02/15/47 |
|
|
590 |
|
|
|
640,657 |
|
| Hudson Yards Infrastructure Corp., Refunding RB, Series A: |
|
|
|
|
|
|
|
|
| 2nd Indenture, 5.00%, 02/15/45 |
|
|
565 |
|
|
|
645,801 |
|
| Fiscal 2017, 5.00%, 02/15/42 |
|
|
700 |
|
|
|
801,255 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock New York Municipal Income Trust II (BFY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| County/City/Special District/School District (continued) |
|
| New York Liberty Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| 2nd Priority, Bank of America Tower at One Bryant Park Project, Class 2, 5.63%, 07/15/47 |
|
$ |
1,400 |
|
|
$ |
1,482,012 |
|
| 2nd Priority, Bank of America Tower at One Bryant Park Project, Class 3, 6.38%, 07/15/49 |
|
|
500 |
|
|
|
528,320 |
|
| 3 World Trade Center Project, Class 2,
5.38%, 11/15/40(a) |
|
|
200 |
|
|
|
219,898 |
|
| 4 World Trade Center Project, 5.00%, 11/15/31 |
|
|
1,000 |
|
|
|
1,088,630 |
|
| 4 World Trade Center Project, 5.00%, 11/15/44 |
|
|
1,250 |
|
|
|
1,347,437 |
|
| 7 World Trade Center Project, Class 2, 5.00%, 09/15/43 |
|
|
1,000 |
|
|
|
1,079,850 |
|
| 7 World Trade Center Project, Class 3, 5.00%, 03/15/44 |
|
|
690 |
|
|
|
743,040 |
|
| World Trade Center Project, 5.75%, 11/15/51 |
|
|
670 |
|
|
|
744,062 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,570,927 |
|
| Education — 26.6% |
|
| Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp.,
Series A (AGM), 4.63%, 10/01/20(b) |
|
|
275 |
|
|
|
292,281 |
|
| Build NYC Resource Corp., RB, Inwood Academy For Leadership Charter School Project, Series A, 5.50%, 05/01/48(a) |
|
|
270 |
|
|
|
280,006 |
|
| Build NYC Resource Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| City University New York-Queens College Student Residences, LLC Project, Series A, 5.00%, 06/01/38 |
|
|
250 |
|
|
|
278,540 |
|
| Manhattan College Project, 5.00%, 08/01/35 |
|
|
215 |
|
|
|
244,040 |
|
| City of New York Trust for Cultural Resources, RB, Juilliard School, Series A, 5.00%, 01/01/39 |
|
|
500 |
|
|
|
509,190 |
|
| City of New York Trust for Cultural Resources, Refunding RB, Series A: |
|
|
|
|
|
|
|
|
| American Museum of Natural History, 5.00%, 07/01/37 |
|
|
440 |
|
|
|
494,767 |
|
| Carnegie Hall, 4.75%, 12/01/39 |
|
|
700 |
|
|
|
723,443 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Education (continued) |
|
| City of Troy New York Capital Resource Corp., Refunding RB, Rensselaer Polytechnic Institute
Project: |
|
|
|
|
|
|
|
|
| Series A, 5.13%, 09/01/40 |
|
$ |
1,000 |
|
|
$ |
1,048,130 |
|
| Series B, 4.00%, 08/01/35 |
|
|
190 |
|
|
|
196,456 |
|
| City of Yonkers New York Industrial Development Agency, RB, Sarah Lawrence College Project, Series A, 6.00%,
06/01/19(b) |
|
|
500 |
|
|
|
520,700 |
|
| Counties of Buffalo & Erie New York Industrial Land Development Corp., Refunding RB, Series
A: |
|
|
|
|
|
|
|
|
| Buffalo State College Foundation Housing Corp. Project, 5.38%, 10/01/41 |
|
|
280 |
|
|
|
303,330 |
|
| The Charter School for Applied Technologies Project, 5.00%, 06/01/35 |
|
|
100 |
|
|
|
108,488 |
|
| County of Cattaraugus New York, RB, St. Bonaventure University Project, 5.00%, 05/01/39 |
|
|
125 |
|
|
|
136,039 |
|
| County of Dutchess New York Local Development Corp., Refunding RB, Vassar College Project: |
|
|
|
|
|
|
|
|
| 5.00%, 07/01/42 |
|
|
165 |
|
|
|
190,194 |
|
| 4.00%, 07/01/46 |
|
|
310 |
|
|
|
322,446 |
|
| County of Monroe New York Industrial Development Corp., RB, University of Rochester Project, Series
A,
5.00%, 07/01/21(b) |
|
|
1,000 |
|
|
|
1,094,040 |
|
| County of Monroe New York Industrial Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| Nazareth College of Rochester Project, 4.00%, 10/01/47 |
|
|
50 |
|
|
|
50,114 |
|
| University of Rochester Project, Series A, 5.00%,
07/01/23(b) |
|
|
240 |
|
|
|
274,954 |
|
| County of Nassau New York Industrial Development Agency, Refunding RB, New York Institute of Technology
Project, Series A, 4.75%, 03/01/20(b) |
|
|
350 |
|
|
|
367,307 |
|
| County of St. Lawrence New York Industrial Development Agency, RB, Clarkson University Project: |
|
|
|
|
|
|
|
|
| 6.00%, 09/01/34 |
|
|
150 |
|
|
|
166,739 |
|
| 5.38%, 09/01/41 |
|
|
650 |
|
|
|
706,758 |
|
| County of Tompkins New York Development Corp., RB, Ithaca College Project (AGM), 5.50%, 01/01/21(b) |
|
|
450 |
|
|
|
490,158 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock New York Municipal Income Trust II (BFY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Education (continued) |
|
| Geneva Development Corp., Refunding RB, Hobart & William Smith Colleges,
5.25%, 09/01/44 |
|
$ |
400 |
|
|
$ |
446,832 |
|
| State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
| Convent of the Sacred Heart (AGM), 5.75%, 11/01/40 |
|
|
500 |
|
|
|
547,805 |
|
| Education, Series B, 5.75%, 03/15/19(b) |
|
|
300 |
|
|
|
309,588 |
|
| Fordham University, Series A,
5.50%, 07/01/21(b) |
|
|
150 |
|
|
|
166,338 |
|
| State University Dormitory Facilities, Series A, 5.00%,
07/01/19(b) |
|
|
250 |
|
|
|
258,775 |
|
| State University Dormitory Facilities, Series A, 5.00%, 07/01/41 |
|
|
670 |
|
|
|
722,568 |
|
| Touro College & University System, Series A, 5.25%, 01/01/34 |
|
|
1,200 |
|
|
|
1,327,128 |
|
| University of Rochester, Series A, 5.13%,
07/01/19(b) |
|
|
215 |
|
|
|
222,832 |
|
| University of Rochester, Series A, 5.13%, 07/01/39 |
|
|
35 |
|
|
|
36,195 |
|
| State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Barnard College, Series A, 5.00%, 07/01/34 |
|
|
150 |
|
|
|
170,323 |
|
| Brooklyn Law School, 5.75%, 07/01/33 |
|
|
250 |
|
|
|
258,505 |
|
| Columbia University, Series B,
5.00%, 10/01/38(d) |
|
|
300 |
|
|
|
357,474 |
|
| Fordham University, 5.00%, 07/01/44 |
|
|
640 |
|
|
|
709,466 |
|
| Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 07/01/35 |
|
|
685 |
|
|
|
759,295 |
|
| New York University, Series A, 5.00%, 07/01/37 |
|
|
600 |
|
|
|
663,648 |
|
| Skidmore College, Series A, 5.25%, 07/01/29 |
|
|
200 |
|
|
|
218,288 |
|
| Skidmore College, Series A, 5.25%, 07/01/31 |
|
|
300 |
|
|
|
327,150 |
|
| State University Dormitory Facilities, Series A, 5.25%, 07/01/30 |
|
|
1,220 |
|
|
|
1,390,812 |
|
| State University Dormitory Facilities, Series A, 5.25%, 07/01/32 |
|
|
700 |
|
|
|
796,929 |
|
| State University Dormitory Facilities, Series A, 5.00%, 07/01/46 |
|
|
310 |
|
|
|
354,953 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Education (continued) |
|
| State of New York Dormitory Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| Teachers College, 5.50%, 03/01/19(b) |
|
$ |
650 |
|
|
$ |
668,057 |
|
| Town of Hempstead New York Local Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| Adelphi University Project, 5.00%, 10/01/35 |
|
|
210 |
|
|
|
235,696 |
|
| Hofstra University Project, 4.00%, 07/01/37 |
|
|
220 |
|
|
|
228,659 |
|
| Hofstra University Project, 5.00%, 07/01/47 |
|
|
100 |
|
|
|
113,236 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,088,672 |
|
| Health — 14.3% |
|
| County of Dutchess New York Local Development Corp., RB, Health Quest Systems, Inc., Series B, 4.00%,
07/01/41 |
|
|
185 |
|
|
|
187,290 |
|
| County of Dutchess New York Local Development Corp., Refunding RB, Health Quest System, Inc., Series A,
5.75%, 07/01/40 |
|
|
300 |
|
|
|
325,050 |
|
| County of Genesee New York Industrial Development Agency, Refunding RB, United Memorial Medical Center
Project, 5.00%, 12/01/27 |
|
|
210 |
|
|
|
210,147 |
|
| County of Monroe New York Industrial Development Corp., RB, Rochester General Hospital Project: |
|
|
|
|
|
|
|
|
| 4.00%, 12/01/41 |
|
|
200 |
|
|
|
202,444 |
|
| 5.00%, 12/01/46 |
|
|
320 |
|
|
|
353,760 |
|
| Series A, 5.00%, 12/01/32 |
|
|
180 |
|
|
|
195,890 |
|
| Series A, 5.00%, 12/01/37 |
|
|
250 |
|
|
|
269,990 |
|
| County of Monroe New York Industrial Development Corp., Refunding RB, Unity Hospital of Rochester Project
(FHA), 5.50%, 08/15/40 |
|
|
1,425 |
|
|
|
1,548,619 |
|
| County of Suffolk New York EDC, RB, Catholic Health Services, Series C, 5.00%, 07/01/32 |
|
|
150 |
|
|
|
164,970 |
|
| County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien: |
|
|
|
|
|
|
|
|
| Remarketing, Series A, 5.00%, 11/01/30 |
|
|
895 |
|
|
|
956,155 |
|
| Series B, 6.00%, 11/01/20(b) |
|
|
130 |
|
|
|
142,454 |
|
| Series B, 6.00%, 11/01/30 |
|
|
20 |
|
|
|
21,650 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock New York Municipal Income Trust II (BFY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Health (continued) |
|
| County of Westchester New York Local Development Corp., Refunding RB, Kendal On Hudson Project,
5.00%, 01/01/34 |
|
$ |
500 |
|
|
$ |
538,670 |
|
| State of New York Dormitory Authority, RB, Series
A(b): |
|
|
|
|
|
|
|
|
| Healthcare, 5.00%, 03/15/19 |
|
|
500 |
|
|
|
513,085 |
|
| New York State Association for Retarded Children, Inc., 6.00%, 07/01/19 |
|
|
250 |
|
|
|
261,290 |
|
| New York University Hospitals Center, 5.75%, 07/01/20 |
|
|
425 |
|
|
|
458,040 |
|
| State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Memorial Sloan-Kettering Cancer Center, Series 1, 5.00%, 07/01/42 |
|
|
370 |
|
|
|
425,545 |
|
| Miriam Osborn Memorial Home Association, 5.00%, 07/01/29 |
|
|
130 |
|
|
|
133,619 |
|
| Mount Sinai Hospital, Series A, 5.00%, 07/01/26 |
|
|
500 |
|
|
|
529,490 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/21(b) |
|
|
750 |
|
|
|
815,918 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/21(b) |
|
|
1,000 |
|
|
|
1,087,890 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/43 |
|
|
860 |
|
|
|
948,511 |
|
| North Shore-Long Island Jewish Obligated Group, Series E, 5.50%, 05/01/33 |
|
|
500 |
|
|
|
515,435 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,805,912 |
|
| Housing — 5.2% |
|
| City of New York Housing Development Corp., RB, M/F Housing, Fund Grant Program, New York City Housing
Authority Program, Series B1: |
|
|
|
|
|
|
|
|
| 5.25%, 07/01/32 |
|
|
915 |
|
|
|
1,007,150 |
|
| 5.00%, 07/01/33 |
|
|
400 |
|
|
|
434,056 |
|
| City of New York Housing Development Corp., Refunding RB, M/F Housing, 8 Spruce Street, Class F, 4.50%,
02/15/48 |
|
|
500 |
|
|
|
518,875 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Housing (continued) |
|
| County of Onondaga New York Trust for Cultural Resources, Refunding RB, Abby Lane Housing Corporation
Project, 5.00%, 05/01/40 |
|
$ |
265 |
|
|
$ |
293,903 |
|
| State of New York HFA, RB: |
|
|
|
|
|
|
|
|
| Affordable Housing, Series E (SONYMA), 4.15%, 11/01/47 |
|
|
660 |
|
|
|
682,473 |
|
| M/F Housing, Highland Avenue Senior Apartments, Series A, AMT (SONYMA), 5.00%, 02/15/39 |
|
|
970 |
|
|
|
973,376 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,909,833 |
|
| State — 15.5% |
|
| City of New York Transitional Finance Authority, Refunding RB, Fiscal 2018: |
|
|
|
|
|
|
|
|
| Series S-1, 5.00%, 07/15/35 |
|
|
205 |
|
|
|
237,831 |
|
| Series S-2, 5.00%, 07/15/35 |
|
|
205 |
|
|
|
237,831 |
|
| City of New York Transitional Finance Authority Building Aid Revenue, RB,
Series S-3, 5.25%, 07/15/36 |
|
|
270 |
|
|
|
323,692 |
|
| City of New York Transitional Finance Authority Future Tax Secured, RB,
Sub-Series C-3, 4.00%, 05/01/42 |
|
|
625 |
|
|
|
656,306 |
|
| City of New York Transitional Finance Authority Future Tax Secured, RB: |
|
|
|
|
|
|
|
|
| Fiscal 2012, Sub-Series D-1,
5.00%, 11/01/38 |
|
|
825 |
|
|
|
895,059 |
|
| Fiscal 2014, Sub-Series B-1,
5.00%, 11/01/36 |
|
|
340 |
|
|
|
381,643 |
|
| Series A-2, 5.00%, 08/01/39 |
|
|
355 |
|
|
|
410,859 |
|
| Sub-Series E-1, 5.00%,
02/01/38 |
|
|
750 |
|
|
|
863,603 |
|
| Sub-Series F-1, 5.00%,
05/01/38 |
|
|
580 |
|
|
|
670,074 |
|
| Sub-Series F-1, 5.00%,
05/01/39 |
|
|
245 |
|
|
|
282,634 |
|
| Metropolitan Transportation Authority, Refunding RB, Dedicated Tax Fund,
Sub-Series B-1, 5.00%, 11/15/31 |
|
|
750 |
|
|
|
848,595 |
|
| State of New York, GO, Series A, 5.00%, 02/15/39 |
|
|
500 |
|
|
|
510,635 |
|
| State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
| General Purpose, Series B, 5.00%, 03/15/37 |
|
|
1,070 |
|
|
|
1,169,125 |
|
| General Purpose, Series B, 5.00%, 03/15/42 |
|
|
1,000 |
|
|
|
1,090,370 |
|
| General Purpose, Series C, 5.00%, 03/15/34 |
|
|
1,000 |
|
|
|
1,074,810 |
|
| Group 4, Series A, 5.00%, 03/15/45 |
|
|
470 |
|
|
|
548,711 |
|
| Series A, 5.00%, 03/15/36 |
|
|
545 |
|
|
|
628,260 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock New York Municipal Income Trust II (BFY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| State (continued) |
|
| State of New York Dormitory Authority, RB (continued): |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 02/15/42 |
|
$ |
250 |
|
|
$ |
285,695 |
|
| State of New York Urban Development Corp., RB, State Personal Income Tax, Series C, 5.00%, 03/15/30 |
|
|
500 |
|
|
|
560,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,676,263 |
|
| Tobacco — 3.9% |
|
| Counties of New York Tobacco Trust VI, Refunding RB: |
|
|
|
|
|
|
|
|
| Settlement Pass-Through Turbo, Series C, 4.00%, 06/01/51 |
|
|
750 |
|
|
|
713,062 |
|
| Tobacco Settlement Pass-Through, Series A-2B, 5.00%,
06/01/51 |
|
|
600 |
|
|
|
628,566 |
|
| County of Chautauqua New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 4.75%,
06/01/39 |
|
|
250 |
|
|
|
253,250 |
|
| County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 5.25%,
05/15/40 |
|
|
230 |
|
|
|
247,091 |
|
| New York Counties Tobacco Trust IV, Refunding RB, Settlement Pass-Through Turbo, Series A, 6.25%, 06/01/41(a) |
|
|
400 |
|
|
|
416,988 |
|
| Westchester New York Tobacco Asset Securitization, Refunding RB, Tobacco Settlement Bonds, Sub-Series C, 4.00%, 06/01/42 |
|
|
285 |
|
|
|
281,532 |
|
| Westchester Tobacco Asset Securitization, Refunding RB, Tobacco Settlement Bonds, Sub-Series C, 5.13%, 06/01/51 |
|
|
355 |
|
|
|
366,222 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,906,711 |
|
| Transportation — 26.1% |
|
| Buffalo & Fort Erie Public Bridge Authority, RB, Toll Bridge System, 5.00%, 01/01/42 |
|
|
215 |
|
|
|
245,201 |
|
| Metropolitan Transportation Authority, RB: |
|
|
|
|
|
|
|
|
| Series A-1, 5.25%, 11/15/23(b) |
|
|
270 |
|
|
|
315,222 |
|
| Series C, 6.50%, 11/15/28 |
|
|
145 |
|
|
|
148,046 |
|
| Series E, 5.00%, 11/15/38 |
|
|
1,000 |
|
|
|
1,101,920 |
|
| Metropolitan Transportation Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Green Bonds, Climate Bond Certified, Sub-Series B-2, 4.00%, 11/15/34 |
|
|
500 |
|
|
|
531,965 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Transportation (continued) |
|
| Metropolitan Transportation Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| Green Bonds, Series A-1, 5.25%, 11/15/56 |
|
$ |
250 |
|
|
$ |
284,393 |
|
| Series B, 5.00%, 11/15/37 |
|
|
915 |
|
|
|
1,040,401 |
|
| Series F, 5.00%, 11/15/30 |
|
|
1,500 |
|
|
|
1,659,555 |
|
| Series F, 5.00%, 11/15/35 |
|
|
500 |
|
|
|
565,575 |
|
| Metropolitan Transportation Authority Hudson Rail Yards Trust Obligations, Refunding RB, Series A, 5.00%,
11/15/56 |
|
|
1,120 |
|
|
|
1,206,677 |
|
| New York Liberty Development Corp., RB, World Trade Center Port Authority Consolidated, 5.25%,
12/15/43 |
|
|
500 |
|
|
|
548,315 |
|
| New York Transportation Development Corp., ARB, LaGuardia Airport Terminal B Redevelopment Project, Series A,
AMT: |
|
|
|
|
|
|
|
|
| 5.00%, 07/01/46 |
|
|
1,320 |
|
|
|
1,430,484 |
|
| 5.25%, 01/01/50 |
|
|
1,325 |
|
|
|
1,450,875 |
|
| (AGM), 4.00%, 07/01/41 |
|
|
300 |
|
|
|
306,489 |
|
| New York Transportation Development Corp., Refunding ARB, American Airlines, Inc., AMT, 5.00%,
08/01/31 |
|
|
920 |
|
|
|
970,186 |
|
| Port Authority of New York & New Jersey, ARB, Special Project, JFK International Air Terminal LLC
Project, Series 8, 6.00%, 12/01/42 |
|
|
1,000 |
|
|
|
1,095,980 |
|
| Port Authority of New York & New Jersey, Refunding ARB, Consolidated, AMT: |
|
|
|
|
|
|
|
|
| 177th Series, 4.00%, 01/15/43 |
|
|
480 |
|
|
|
488,078 |
|
| 178th Series, 5.00%, 12/01/43 |
|
|
430 |
|
|
|
472,785 |
|
| State of New York Thruway Authority, RB, Junior Lien, Series A, 5.25%, 01/01/56 |
|
|
305 |
|
|
|
346,538 |
|
| State of New York Thruway Authority, Refunding RB, General: |
|
|
|
|
|
|
|
|
| Series I, 5.00%, 01/01/37 |
|
|
1,530 |
|
|
|
1,664,380 |
|
| Series I, 5.00%, 01/01/42 |
|
|
1,030 |
|
|
|
1,117,519 |
|
| Series J, 5.00%, 01/01/41 |
|
|
1,000 |
|
|
|
1,103,030 |
|
| Triborough Bridge & Tunnel Authority, RB, Series B, 5.00%, 11/15/40 |
|
|
240 |
|
|
|
273,535 |
|
| Triborough Bridge & Tunnel Authority, Refunding RB, General: |
|
|
|
|
|
|
|
|
| MTA Bridges & Tunnels, Series C-2, 5.00%, 11/15/42 |
|
|
335 |
|
|
|
390,657 |
|
| Series A, 5.25%, 11/15/45 |
|
|
370 |
|
|
|
425,352 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock New York Municipal Income Trust II (BFY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Transportation (continued) |
|
| Triborough Bridge & Tunnel Authority, Refunding RB, General (continued): |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 11/15/50 |
|
$ |
500 |
|
|
$ |
557,305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,740,463 |
|
| Utilities — 15.4% |
|
| City of New York Municipal Water Finance Authority, RB, Water & Sewer System, 2nd General
Resolution, Fiscal 2017, Series DD, 5.25%, 06/15/47 |
|
|
245 |
|
|
|
288,029 |
|
| City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General
Resolution, Fiscal 2015, Series HH, 5.00%, 06/15/39 |
|
|
1,500 |
|
|
|
1,702,095 |
|
| Long Island Power Authority, RB, Electric Systems: |
|
|
|
|
|
|
|
|
| CAB, Series A (AGM), 0.00%, 06/01/28(c) |
|
|
3,515 |
|
|
|
2,567,145 |
|
| General, 5.00%, 09/01/42 |
|
|
200 |
|
|
|
228,940 |
|
| General, Series C (CIFG), 5.25%, 09/01/29 |
|
|
1,000 |
|
|
|
1,205,360 |
|
| Long Island Power Authority, Refunding RB, Electric System: |
|
|
|
|
|
|
|
|
| Series A, 5.50%, 04/01/19(b) |
|
|
500 |
|
|
|
515,990 |
|
| Series B, 5.00%, 09/01/41 |
|
|
75 |
|
|
|
85,115 |
|
| Series B, 5.00%, 09/01/46 |
|
|
125 |
|
|
|
141,374 |
|
| State of New York Environmental Facilities Corp., Refunding RB, New York City Municipal Water: |
|
|
|
|
|
|
|
|
| Revolving Funds, Series B, 5.00%, 06/15/36 |
|
|
350 |
|
|
|
379,327 |
|
| State Clean Water & Drinking Water Revolving Finance Authority Projects, Series A,
5.00%, 06/15/37 |
|
|
1,500 |
|
|
|
1,503,900 |
|
| Utility Debt Securitization Authority, Refunding RB, Restructuring, Series E, 5.00%, 12/15/41 |
|
|
2,690 |
|
|
|
3,019,068 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,636,343 |
|
| Multi-State — 2.7% |
|
| Housing — 2.7% |
|
| Centerline Equity Issuer Trust(a)(e): |
|
|
|
|
|
|
|
|
| Series A-4-2, 6.00%,
10/31/52 |
|
|
1,000 |
|
|
|
1,038,180 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Housing (continued) |
|
| Centerline Equity Issuer Trust(a)(e)
(continued): |
|
|
|
|
|
|
|
|
| Series B-3-2, 6.30%,
10/31/52 |
|
$ |
1,000 |
|
|
$ |
1,040,870 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,079,050 |
|
| Puerto Rico — 1.2% |
|
| Tobacco — 1.2% |
|
| Children’s Trust Fund, Refunding RB, Tobacco Settlement Asset-Backed Bonds,
5.63%, 05/15/43 |
|
|
900 |
|
|
|
893,403 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds — 148.4%
(Cost — $105,697,862) |
|
|
|
112,058,884 |
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts(f) |
|
| New York — 18.1% |
|
| County/City/Special District/School District — 4.4% |
|
| City of New York, GO, Sub-Series
I-1, 5.00%, 03/01/36 |
|
|
500 |
|
|
|
560,650 |
|
| City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured,
5.00%, 11/15/32 |
|
|
500 |
|
|
|
576,013 |
|
| New York Liberty Development Corp., ARB, 1 World Trade Center Port Authority Consolidated Bonds,
5.25%, 12/15/43 |
|
|
1,995 |
|
|
|
2,184,516 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,321,179 |
|
| Education — 0.7% |
|
| City of New York Trust for Cultural Resources, Refunding RB, Wildlife Conservation Society, Series A,
5.00%, 08/01/33 |
|
|
510 |
|
|
|
569,212 |
|
|
|
|
|
|
|
|
|
|
| State — 4.1% |
|
| City of New York Transitional Finance Authority, BARB, Fiscal 2009, Series
S-3, 5.25%, 01/15/39 |
|
|
1,300 |
|
|
|
1,325,662 |
|
| Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 10/15/31 |
|
|
255 |
|
|
|
293,157 |
|
| 4.00%, 10/15/32 |
|
|
350 |
|
|
|
380,909 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock New York Municipal Income Trust II (BFY)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| State (continued) |
|
| State of New York Dormitory Authority, RB, General Purpose, Series C, 5.00%, 03/15/41 |
|
$ |
1,000 |
|
|
$ |
1,071,775 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,071,503 |
|
| Transportation — 3.3% |
|
| Port Authority of New York & New Jersey, Refunding ARB: |
|
|
|
|
|
|
|
|
| 194th Series, 5.25%, 10/15/55 |
|
|
735 |
|
|
|
839,772 |
|
| Consolidated, Series 169th, 5.00%, 10/15/26 |
|
|
1,000 |
|
|
|
1,082,840 |
|
| Triborough Bridge & Tunnel Authority, Refunding RB, General, Series A,
5.00%, 11/15/46 |
|
|
500 |
|
|
|
570,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,492,847 |
|
| Utilities — 5.6% |
|
| City of New York Municipal Water Finance Authority, RB, Water & Sewer System, Fiscal 2009, Series
A: |
|
|
|
|
|
|
|
|
| 5.75%, 06/15/18(b) |
|
|
55 |
|
|
|
55,315 |
|
| 5.75%, 06/15/40 |
|
|
185 |
|
|
|
184,975 |
|
| City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General
Resolution: |
|
|
|
|
|
|
|
|
| Fiscal 2011, Series HH, 5.00%, 06/15/32 |
|
|
1,500 |
|
|
|
1,624,420 |
|
| Fiscal 2012, Series BB, 5.00%, 06/15/44 |
|
|
1,005 |
|
|
|
1,088,231 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Utilities (continued) |
|
| New York State Environmental Facilities Corp., Refunding RB, Subordinated SRF Bonds, Series 2016 A,
4.00%, 06/15/46 |
|
$ |
992 |
|
|
$ |
1,038,901 |
|
| Utility Debt Securitization Authority, Refunding RB, Restructuring, Series B, 4.00%, 12/15/35 |
|
|
190 |
|
|
|
202,953 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,194,795 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds Transferred to Tender Option
Bond Trusts — 18.1%
(Cost — $13,160,350) |
|
|
|
13,649,534 |
|
|
|
|
|
|
|
|
|
|
| Total Long-Term Investments — 166.5%
(Cost — $118,858,212) |
|
|
|
125,708,418 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Shares |
|
|
|
|
| Short-Term Securities — 0.8% |
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class,
0.92%(g)(h) |
|
|
594,416 |
|
|
|
594,476 |
|
|
|
|
|
|
|
|
|
|
| Total Short-Term Securities — 0.8%
(Cost — $594,416) |
|
|
|
594,476 |
|
|
|
|
|
|
|
|
|
|
| Total Investments — 167.3%
(Cost — $119,452,628) |
|
|
|
126,302,894 |
|
| Other Assets Less Liabilities — 1.7% |
|
|
|
1,292,549 |
|
| Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable —
(10.4)% |
|
|
|
(7,854,216 |
) |
| VRDP Shares at Liquidation Value, Net of Deferred Offering
Costs — (58.6)% |
|
|
|
(44,252,399 |
) |
|
|
|
|
|
|
|
|
|
| Net Assets Applicable to Common Shares — 100.0% |
|
|
$ |
75,488,828 |
|
|
|
|
|
|
|
|
|
|
| (a) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.
|
| (b) |
U.S. Government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium to par. |
| (d) |
When-issued security. |
| (e) |
Represents a beneficial interest in a trust. The collateral deposited into the trust is federally tax-exempt revenue bonds issued by various state or local governments, or their
respective agencies or authorities. The security is subject to remarketing prior to its stated maturity. |
| (f) |
Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing. |
| (g) |
Annualized 7-day yield as of period end. |
|
|
|
| Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock New York Municipal Income Trust II (BFY) |
| (h) |
During the period ended May 31, 2018, investments in issuers considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affiliated |
|
Shares
Held at
08/31/17 |
|
|
Net
Activity |
|
|
Shares
Held at
05/31/18 |
|
|
Value at
05/31/18 |
|
|
Income |
|
|
Net
Realized
Gain (Loss)(a) |
|
|
Change in
Unrealized
Appreciation
(Depreciation) |
|
| BlackRock Liquidity Funds,
MuniCash, Institutional Class |
|
|
604,604 |
|
|
|
(10,188 |
) |
|
|
594,416 |
|
|
$ |
594,476 |
|
|
$ |
6,839 |
|
|
$ |
(90 |
) |
|
$ |
59 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(a) |
Includes net capital gain distributions, if applicable. |
|
For Trust compliance purposes, the Trust’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may
combine such sector sub-classifications for reporting ease.
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Description |
|
Number of
Contracts |
|
|
Expiration
Date |
|
|
Notional
Amount (000) |
|
|
Value /
Unrealized
Appreciation
(Depreciation) |
|
| Short Contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 10-Year U.S. Treasury Note |
|
|
21 |
|
|
|
09/19/18 |
|
|
$ |
2,529 |
|
|
$ |
(20,939 |
) |
| Long U.S. Treasury Bond |
|
|
20 |
|
|
|
09/19/18 |
|
|
|
2,903 |
|
|
|
(60,261 |
) |
| 5-Year U.S. Treasury Note |
|
|
11 |
|
|
|
09/28/18 |
|
|
|
1,253 |
|
|
|
(5,717 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(86,917 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio Abbreviations
AGC — Assured
Guarantee Corp.
AGM — Assured Guaranty Municipal Corp.
AMBAC — American
Municipal Bond Assurance Corp.
AMT — Alternative Minimum Tax (subject to)
ARB — Airport Revenue Bonds
BARB — Building Aid Revenue Bonds
CAB — Capital Appreciation Bonds
CIFG — CIFG
CIFG — CIFG Assurance North America, Inc.
EDC — Economic Development Corp.
FHA — Federal Housing Administration
GO — General Obligation Bonds
HFA — Housing Finance Agency
M/F — Multi-Family
NPFGC — National Public Finance Guarantee Corp.
PILOT — Payment in Lieu of
Taxes
RB — Revenue Bonds
SONYMA — State of New York Mortgage Agency
SRF — State Revolving Fund
|
|
|
| Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock New York Municipal Income Trust II (BFY) |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a
fair value hierarchy consisting of three broad levels for financial reporting purposes as follows
| |
• |
|
Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access |
| |
• |
|
Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in
markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other
market–corroborated inputs) |
| |
• |
|
Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the
fair value of investments and derivative financial instruments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets
for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in
Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is
significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in
determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3
investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.
Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers
between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing
transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments
and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its semi-annual report.
As of May 31,2018, the
following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Investments(a) |
|
$ |
— |
|
|
$ |
125,708,418 |
|
|
$ |
— |
|
|
$ |
125,708,418 |
|
| Short-Term Securities |
|
|
594,476 |
|
|
|
— |
|
|
|
— |
|
|
|
594,476 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
594,476 |
|
|
$ |
125,708,418 |
|
|
$ |
— |
|
|
$ |
126,302,894 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Financial Instruments(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate contracts |
|
$ |
(86,917 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(86,917 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(a) |
See above Schedule of Investments for values in each sector. |
|
| |
(b) |
Derivative financial instruments are futures contracts which are valued at the unrealized appreciation (depreciation) on the instrument. |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
May 31, 2018 |
|
BlackRock New York Municipal Income Trust II (BFY) |
The Trust may hold assets and/or liabilities in which the fair value approximates the carrying
amount for financial statement purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Liabilities: |
|
| TOB Trust Certificates |
|
$ |
— |
|
|
$ |
(7,816,903 |
) |
|
$ |
— |
|
|
$ |
(7,816,903 |
) |
| VRDP Shares at Liquidation Value |
|
|
— |
|
|
|
(44,400,000 |
) |
|
|
— |
|
|
|
(44,400,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
— |
|
|
$ |
(52,216,903 |
) |
|
$ |
— |
|
|
$ |
(52,216,903 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the period ended May 31, 2018, there were no transfers between levels.
Item 2 – Controls and Procedures
|
|
|
| 2(a) – |
|
The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and
procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended. |
|
|
| 2(b) – |
|
There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last
fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 3 – Exhibits
Certifications – Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
| BlackRock New York Municipal Income Trust II |
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of
BlackRock New York Municipal Income Trust II |
Date: July 19, 2018
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following
persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of
BlackRock New York Municipal Income Trust II |
Date: July 19, 2018
|
|
|
| By: |
|
/s/ Neal J. Andrews |
|
|
Neal J. Andrews |
|
|
Chief Financial Officer (principal financial officer) of
BlackRock New York Municipal Income Trust II |
Date: July 19, 2018