BlackRock Muni New York Intermediate Duration Fund Inc
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 811-21346
Name of Fund: BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Muni New
York Intermediate Duration Fund, Inc., 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: 07/31/2017
Date of reporting period: 10/31/2016
Item 1 – Schedule of Investments
|
|
|
| Schedule of Investments October 31, 2016 (Unaudited) |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York — 124.9% |
|
|
|
|
|
|
|
|
| Corporate — 5.4% |
|
|
|
|
|
|
|
|
| Build NYC Resource Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| Ethical Culture Fieldston School Project, 5.00%, 6/01/30 |
|
$ |
385 |
|
|
$ |
457,161 |
|
| Pratt Paper, Inc. Project, AMT, 4.50%, 1/01/25 (a) |
|
|
500 |
|
|
|
541,995 |
|
| The Packer Collegiate Institute Project, 5.00%, 6/01/35 |
|
|
250 |
|
|
|
287,992 |
|
| County of Onondaga New York Industrial Development Agency, RB, Bristol-Meyers Squibb Co. Project, AMT,
5.75%, 3/01/24 |
|
|
500 |
|
|
|
628,265 |
|
| Niagara Area Development Corp., Refunding RB, Solid Waste Disposal Facility, Covanta Energy Project, Series B, 4.00%, 11/01/24
(a) |
|
|
500 |
|
|
|
504,810 |
|
| Utility Debt Securitization Authority, Refunding RB, New York Restructuring, Series E, 5.00%, 12/15/32 |
|
|
1,000 |
|
|
|
1,202,620 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
3,622,843 |
|
| County/City/Special District/School District — 23.5% |
|
|
|
|
|
|
|
|
| Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp., Series A (AGM),
4.00%, 10/01/24 |
|
|
1,000 |
|
|
|
1,072,530 |
|
| Brooklyn Arena Local Development Corp., Refunding RB, Barclays Center Project, Series A, 4.00%, 7/15/29 |
|
|
1,000 |
|
|
|
1,123,150 |
|
| City of New York New York, GO, Refunding, Series E: |
|
|
|
|
|
|
|
|
| 5.25%, 8/01/22 |
|
|
2,000 |
|
|
|
2,422,600 |
|
| 5.00%, 8/01/30 |
|
|
1,250 |
|
|
|
1,471,663 |
|
| City of New York New York, GO: |
|
|
|
|
|
|
|
|
| Sub-Series A-1, 5.00%, 8/01/33 |
|
|
700 |
|
|
|
821,338 |
|
| Sub-Series I-1, 5.50%, 4/01/21 |
|
|
1,500 |
|
|
|
1,657,440 |
|
| Sub-Series I-1, 5.13%, 4/01/25 |
|
|
750 |
|
|
|
820,515 |
|
| City of New York New York Industrial Development Agency, RB, PILOT, Queens Baseball Stadium (AMBAC),
5.00%, 1/01/31 |
|
|
1,000 |
|
|
|
1,005,060 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
|
|
|
|
|
|
|
| County/City/Special District/School District (continued) |
|
| City of New York New York Industrial Development Agency, Refunding ARB, Transportation Infrastructure Properties LLC, Series A, AMT,
5.00%, 7/01/22 |
|
$ |
750 |
|
|
$ |
846,990 |
|
| City of Yonkers New York, GO, Refunding, Series B, 5.00%, 8/01/24 |
|
|
490 |
|
|
|
593,532 |
|
| County of Nassau New York, GO, Series A, 5.00%, 1/01/32 |
|
|
1,000 |
|
|
|
1,182,070 |
|
| Haverstraw-Stony Point Central School District, GO, Refunding (AGM), 5.00%, 10/15/33 |
|
|
300 |
|
|
|
355,812 |
|
| Hudson Yards Infrastructure Corp., RB, Series A, 5.75%, 2/15/47 |
|
|
1,000 |
|
|
|
1,168,390 |
|
| New York Convention Center Development Corp., Refunding RB, 5.00%, 11/15/32 |
|
|
20 |
|
|
|
23,969 |
|
| New York Liberty Development Corp., Refunding RB, 4 World Trade Center Project, 5.00%, 11/15/31 |
|
|
1,000 |
|
|
|
1,146,730 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
15,711,789 |
|
| Education — 29.6% |
|
|
|
|
|
|
|
|
| Build NYC Resource Corp., Refunding RB, 5.00%, 7/01/33 |
|
|
2,000 |
|
|
|
2,313,220 |
|
| City of New York New York Trust for Cultural Resources, Refunding RB, American Museum of Natural History, Series A,
5.00%, 7/01/32 |
|
|
500 |
|
|
|
591,675 |
|
| County of Buffalo & Erie New York Industrial Land Development Corp., Refunding RB, Buffalo State College Foundation
Housing, 6.00%, 10/01/31 |
|
|
1,000 |
|
|
|
1,184,550 |
|
| County of Monroe New York Industrial Development Corp., Refunding RB, Series A, 5.00%, 7/01/30 |
|
|
1,000 |
|
|
|
1,188,400 |
|
| County of Nassau New York Industrial Development Agency, Refunding RB, New York Institute of Technology Project, Series A,
5.00%, 3/01/20 (b) |
|
|
1,000 |
|
|
|
1,127,410 |
|
| County of Schenectady New York Capital Resource Corp., Refunding RB, Union College, 5.00%, 7/01/32 |
|
|
500 |
|
|
|
574,190 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC. |
|
OCTOBER 31, 2016 |
|
1 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock Muni New York Intermediate Duration Fund, Inc.
(MNE) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
|
|
|
|
|
|
|
| Education (continued) |
|
|
|
|
|
|
|
|
| New York State Dormitory Authority, Refunding RB, Pace University, Series A, 5.00%, 5/01/27 |
|
$ |
980 |
|
|
$ |
1,103,598 |
|
| State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
| Convent of the Sacred Heart (AGM), 4.00%, 11/01/18 |
|
|
500 |
|
|
|
528,840 |
|
| Convent of the Sacred Heart (AGM), 5.00%, 11/01/21 |
|
|
120 |
|
|
|
140,261 |
|
| Fordham University, Series A, 5.25%, 7/01/25 |
|
|
500 |
|
|
|
576,755 |
|
| Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 7/01/32 |
|
|
1,000 |
|
|
|
1,164,870 |
|
| Mount Sinai School of Medicine, 5.50%, 7/01/19 (b) |
|
|
1,000 |
|
|
|
1,116,420 |
|
| Mount Sinai School of Medicine, Series A (NPFGC), 5.15%, 7/01/24 |
|
|
250 |
|
|
|
302,145 |
|
| Series A, 5.00%, 3/15/32 |
|
|
1,000 |
|
|
|
1,197,840 |
|
| Touro College & University System Obligation Group, Series A, 4.13%, 1/01/30 |
|
|
1,000 |
|
|
|
1,044,410 |
|
| State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Fordham University, 5.00%, 7/01/29 |
|
|
375 |
|
|
|
443,906 |
|
| Fordham University, 5.00%, 7/01/30 |
|
|
300 |
|
|
|
353,166 |
|
| Series B, 5.00%, 7/01/31 |
|
|
1,500 |
|
|
|
1,823,115 |
|
| State University Dormitory Facilities, Series A, 5.25%, 7/01/30 |
|
|
1,050 |
|
|
|
1,259,790 |
|
| The Culinary Institute of America, 5.00%, 7/01/28 |
|
|
500 |
|
|
|
563,960 |
|
| Troy Capital Resource Corp., Refunding RB, 5.00%, 8/01/32 |
|
|
1,000 |
|
|
|
1,176,370 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
19,774,891 |
|
| Health — 17.4% |
|
|
|
|
|
|
|
|
| Build NYC Resource Corp., Refunding RB, New York Methodist Hospital Project, 5.00%, 7/01/30 |
|
|
500 |
|
|
|
578,580 |
|
| County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC),
5.00%, 4/01/21 |
|
|
215 |
|
|
|
244,485 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
|
|
|
|
|
|
|
| Health (continued) |
|
|
|
|
|
|
|
|
| County of Dutchess New York Local Development Corp., Refunding RB, Health Quest System, Inc., Series A (AGM),
5.25%, 7/01/25 |
|
$ |
1,000 |
|
|
$ |
1,130,420 |
|
| County of Suffolk New York Industrial Development Agency, Refunding RB, Jefferson’s Ferry Project,
4.63%, 11/01/16 |
|
|
800 |
|
|
|
800,000 |
|
| County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien: |
|
|
|
|
|
|
|
|
| Remarketing, Series A, 5.00%, 11/01/24 |
|
|
910 |
|
|
|
1,042,460 |
|
| Remarketing, Series A, 5.00%, 11/01/30 |
|
|
580 |
|
|
|
648,672 |
|
| Series B, 6.00%, 11/01/20 (b) |
|
|
205 |
|
|
|
243,936 |
|
| Series B, 6.00%, 11/01/30 |
|
|
35 |
|
|
|
39,895 |
|
| County of Westchester New York Local Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| Kendal On Hudson Project, 4.00%, 1/01/23 |
|
|
250 |
|
|
|
276,590 |
|
| Kendal On Hudson Project, 5.00%, 1/01/28 |
|
|
875 |
|
|
|
995,514 |
|
| Westchester Medical Center, 5.00%, 11/01/34 |
|
|
500 |
|
|
|
569,480 |
|
| State of New York Dormitory Authority, RB, Series A: |
|
|
|
|
|
|
|
|
| New York State Association for Retarded Children, Inc., 5.30%, 7/01/23 |
|
|
450 |
|
|
|
500,976 |
|
| New York University Hospitals Center, 5.00%, 7/01/20 (b) |
|
|
1,000 |
|
|
|
1,141,310 |
|
| State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Columbia University, Series B, 5.00%, 10/01/31 |
|
|
250 |
|
|
|
310,200 |
|
| Mount Sinai Hospital Series A, 4.25%, 7/01/23 |
|
|
250 |
|
|
|
273,172 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/32 |
|
|
500 |
|
|
|
567,240 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 5/01/32 |
|
|
1,270 |
|
|
|
1,502,169 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 2 |
|
BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC. |
|
OCTOBER 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock Muni New York Intermediate Duration Fund, Inc.
(MNE) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
|
|
|
|
|
|
|
| Health (continued) |
|
|
|
|
|
|
|
|
| Yonkers New York Industrial Development Agency, RB, Sacred Heart Association Project, Series A, AMT (SONYMA),
4.80%, 10/01/26 |
|
$ |
750 |
|
|
$ |
752,407 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
11,617,506 |
|
| Housing — 2.1% |
|
|
|
|
|
|
|
|
| City of New York New York Housing Development Corp., RB, M/F Housing: |
|
|
|
|
|
|
|
|
| Series B1, 5.25%, 7/01/30 |
|
|
500 |
|
|
|
591,345 |
|
| Series H-2-A, Remarketing, AMT, 5.00%, 11/01/30 |
|
|
780 |
|
|
|
797,222 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
1,388,567 |
|
| State — 5.3% |
|
|
|
|
|
|
|
|
| City of New York New York Transitional Finance Authority, BARB, Fiscal 2009, Series S-3, 5.00%, 1/15/23 |
|
|
575 |
|
|
|
625,686 |
|
| State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
| Haverstraw King’s Daughters Public Library, 5.00%, 7/01/26 |
|
|
1,015 |
|
|
|
1,160,967 |
|
| Municipal Health Facilities Lease,
Sub-Series 2-4, 5.00%, 1/15/27 |
|
|
600 |
|
|
|
628,890 |
|
| State of New York Thruway Authority, Refunding RB, Series A-1, 5.00%, 4/01/22 |
|
|
1,000 |
|
|
|
1,097,100 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
3,512,643 |
|
| Tobacco — 1.3% |
|
|
|
|
|
|
|
|
| County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 5.25%, 5/15/34 |
|
|
500 |
|
|
|
571,410 |
|
| New York Counties Tobacco Trust, Refunding RB, Tobacco Settlement Pass-Through, 5.00%, 6/01/30 |
|
|
265 |
|
|
|
309,814 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
881,224 |
|
| Transportation — 35.1% |
|
|
|
|
|
|
|
|
| Metropolitan Transportation Authority, RB: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 11/15/27 |
|
|
1,000 |
|
|
|
1,168,920 |
|
| Series A (NPFGC), 5.00%, 11/15/16 |
|
|
1,010 |
|
|
|
1,011,697 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
|
|
|
|
|
|
|
| Transportation (continued) |
|
|
|
|
|
|
|
|
| Metropolitan Transportation Authority, RB (continued): |
|
|
|
|
|
|
|
|
| Series A-1, 5.25%, 11/15/33 |
|
$ |
500 |
|
|
$ |
598,935 |
|
| Series B, 5.25%, 11/15/33 |
|
|
1,000 |
|
|
|
1,205,410 |
|
| Series B (NPFGC), 5.25%, 11/15/19 |
|
|
860 |
|
|
|
964,997 |
|
| Sub-Series B-1, 5.00%, 11/15/24 |
|
|
460 |
|
|
|
542,602 |
|
| Sub-Series B-4, 5.00%, 11/15/24 |
|
|
300 |
|
|
|
353,871 |
|
| New York State Thruway Authority, RB, Junior Lien, Series A, 5.00%, 1/01/34 |
|
|
2,000 |
|
|
|
2,365,920 |
|
| New York Transportation Development Corp., RB, Laguardia Airport Terminal B Redevelopment Project, Series A, AMT,
5.00%, 7/01/34 |
|
|
1,000 |
|
|
|
1,121,840 |
|
| New York Transportation Development Corp., Refunding RB, American Airlines, Inc., AMT, 5.00%, 8/01/26 |
|
|
1,000 |
|
|
|
1,092,700 |
|
| Port Authority of New York & New Jersey, ARB, JFK International Air Terminal LLC Project,
5.00%, 12/01/20 |
|
|
1,000 |
|
|
|
1,126,680 |
|
| Port Authority of New York & New Jersey, RB, Consolidated, 169th Series, AMT, 5.00%, 10/15/21 |
|
|
2,000 |
|
|
|
2,339,620 |
|
| Port Authority of New York & New Jersey, Refunding ARB, Consolidated, 152nd Series, AMT,
5.00%, 11/01/23 |
|
|
500 |
|
|
|
529,215 |
|
| Port Authority of New York & New Jersey, Refunding RB, AMT: |
|
|
|
|
|
|
|
|
| 178th Series, 5.00%, 12/01/32 |
|
|
1,000 |
|
|
|
1,152,230 |
|
| Consolidated, 152nd Series, 5.00%, 11/01/24 |
|
|
1,000 |
|
|
|
1,058,280 |
|
| State of New York Thruway Authority, Refunding RB, General: |
|
|
|
|
|
|
|
|
| Series I, 5.00%, 1/01/37 |
|
|
660 |
|
|
|
754,274 |
|
| Series K, 5.00%, 1/01/32 |
|
|
1,035 |
|
|
|
1,220,845 |
|
| Triborough Bridge & Tunnel Authority, RB: |
|
|
|
|
|
|
|
|
| Series B, 5.00%, 11/15/31 |
|
|
2,005 |
|
|
|
2,442,692 |
|
| Series B-3, 5.00%, 11/15/33 |
|
|
500 |
|
|
|
603,260 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC. |
|
OCTOBER 31, 2016 |
|
3 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock Muni New York Intermediate Duration Fund, Inc.
(MNE) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
|
|
|
|
|
|
|
| Transportation (continued) |
|
|
|
|
|
|
|
|
| Triborough Bridge & Tunnel Authority, Refunding RB, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 11/15/24 |
|
$ |
1,000 |
|
|
$ |
1,220,970 |
|
| 5.00%, 1/01/27 |
|
|
500 |
|
|
|
586,680 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
23,461,638 |
|
| Utilities — 5.2% |
|
|
|
|
|
|
|
|
| City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution,
Series DD, 5.00%, 6/15/32 |
|
|
250 |
|
|
|
266,068 |
|
| Long Island Power Authority, Refunding RB, Electric System, Series A: |
|
|
|
|
|
|
|
|
| 5.50%, 4/01/19 (b) |
|
|
500 |
|
|
|
553,525 |
|
| 5.00%, 9/01/34 |
|
|
1,000 |
|
|
|
1,161,380 |
|
| State of New York Environmental Facilities Corp., Refunding RB, NYC Municipal Water Finance Authority Project, 2nd Resolution,
Series B, 5.00%, 6/15/31 |
|
|
1,000 |
|
|
|
1,163,590 |
|
| Upper Mohawk Valley Regional Water Finance Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| 4.00%, 4/01/25 |
|
|
125 |
|
|
|
145,780 |
|
| 5.00%, 4/01/26 |
|
|
160 |
|
|
|
201,326 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
3,491,669 |
|
| Total Municipal Bonds in New York |
|
|
|
|
|
|
83,462,770 |
|
|
|
|
|
|
|
|
|
|
| Puerto Rico — 2.2% |
|
|
|
|
|
|
|
|
| Housing — 2.2% |
|
|
|
|
|
|
|
|
| Puerto Rico Housing Finance Authority, Refunding RB, M/F Housing, Subordinate, Capital Fund
Modernization, 5.13%, 12/01/27 |
|
|
1,360 |
|
|
|
1,452,983 |
|
| Total Municipal Bonds — 127.1% |
|
|
|
|
|
|
84,915,753 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (c) |
|
Par
(000) |
|
|
Value |
|
| New York — 26.9% |
|
|
|
|
|
|
|
|
| County/City/Special District/School District — 10.4% |
|
|
|
|
|
|
|
|
| City of New York New York, GO, Refunding, Series E, 5.00%, 8/01/27 |
|
$ |
599 |
|
|
$ |
660,542 |
|
| City of New York New York, GO: |
|
|
|
|
|
|
|
|
| Series I, 5.00%, 3/01/32 |
|
|
991 |
|
|
|
1,158,477 |
|
| Sub-Series G-1, 5.00%, 4/01/29 |
|
|
750 |
|
|
|
882,653 |
|
| City of New York New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured,
5.00%, 11/15/32 |
|
|
3,540 |
|
|
|
4,242,513 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
6,944,185 |
|
| Education — 2.7% |
|
|
|
|
|
|
|
|
| State of New York Dormitory Authority, Refunding RB, Series E,
5.25%, 3/15/33 |
|
|
1,500 |
|
|
|
1,839,750 |
|
| State — 4.5% |
|
|
|
|
|
|
|
|
| Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A, 5.00%, 10/15/31 |
|
|
990 |
|
|
|
1,217,245 |
|
| State of New York Urban Development Corp., RB, Personal Income Tax, Series A-1, 5.00%, 3/15/32 |
|
|
1,499 |
|
|
|
1,779,494 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
2,996,739 |
|
| Transportation — 4.3% |
|
|
|
|
|
|
|
|
| Metropolitan Transportation Authority, RB, Series B, 5.25%, 11/15/19 (b) |
|
|
749 |
|
|
|
845,124 |
|
| Port Authority of New York & New Jersey, ARB, Consolidated, 169th Series, AMT, 5.00%, 10/15/26 |
|
|
750 |
|
|
|
862,785 |
|
| Port Authority of New York & New Jersey, RB, 178th Series, AMT, 5.00%, 12/01/32 |
|
|
991 |
|
|
|
1,141,847 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
2,849,756 |
|
| Utilities — 5.0% |
|
|
|
|
|
|
|
|
| City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System: |
|
|
|
|
|
|
|
|
| 2nd General Resolution, Fiscal 2011, Series HH, 5.00%, 6/15/32 |
|
|
1,560 |
|
|
|
1,809,116 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 4 |
|
BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC. |
|
OCTOBER 31, 2016 |
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock Muni New York Intermediate Duration Fund, Inc.
(MNE) |
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts (c) |
|
Par
(000) |
|
|
Value |
|
| New York (continued) |
|
|
|
|
|
|
|
|
| Utilities (continued) |
|
| City of New York New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System
(continued): |
|
|
|
|
|
|
|
|
| Series A, 4.75%, 6/15/17 (b) |
|
$ |
283 |
|
|
$ |
289,593 |
|
| Series A, 4.75%, 6/15/30 |
|
|
1,217 |
|
|
|
1,246,887 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
3,345,596 |
|
| Total Municipal Bonds Transferred to Tender Option Bond Trusts — 26.9% |
|
|
|
|
|
|
17,976,026 |
|
Total Long-Term Investments
(Cost — $95,754,513) — 154.0% |
|
|
|
|
|
|
102,891,779 |
|
|
|
|
|
|
|
|
|
|
| Short-Term Securities |
|
Shares |
|
|
Value |
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.44% (d)(e) |
|
|
1,112,097 |
|
|
$ |
1,112,209 |
|
| Total Short-Term Securities (Cost — $1,112,121) — 1.7% |
|
|
|
|
|
|
1,112,209 |
|
Total Investments
(Cost — $96,866,634*) — 155.7% |
|
|
|
104,003,988 |
|
| Other Assets Less Liabilities — 1.8% |
|
|
|
1,190,540 |
|
| Liability for TOB Trust Certificates, Including Interest Expense and Fees
Payable — (13.4)% |
|
|
|
(8,955,976 |
) |
| VRDP Shares at Liquidation Value, Net of Deferred Offering
Costs — (44.1)% |
|
|
|
(29,450,073 |
) |
|
|
|
|
|
|
|
|
|
| Net Assets Applicable to Common Shares — 100.0% |
|
|
$ |
66,788,479 |
|
|
|
|
|
|
|
|
|
|
| |
* |
|
As of October 31, 2016, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows: |
|
|
|
|
|
| Tax cost |
|
$ |
88,272,791 |
|
|
|
|
|
|
| Gross unrealized appreciation |
|
$ |
7,204,404 |
|
| Gross unrealized depreciation |
|
|
(412,378 |
) |
|
|
|
|
|
| Net unrealized appreciation |
|
$ |
6,792,026 |
|
|
|
|
|
|
|
| Notes to Schedule of Investments |
| (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. |
| (c) |
|
Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing.
|
| (d) |
|
During the period ended October 31, 2016, investments in issuers considered to be affiliates of the Fund for purposes of Section 2(a)(3) of the Investment
Company Act of 1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affiliate |
|
Shares Held
at July 31,
2016 |
|
|
Net
Activity |
|
|
Shares Held
at October 31,
2016 |
|
|
Value at
October 31,
2016 |
|
|
Income |
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class |
|
|
315,667 |
|
|
|
796,430 |
|
|
|
1,112,097 |
|
|
$ |
1,112,209 |
|
|
$ |
726 |
|
| (e) |
|
Current yield as of period end. |
For Fund compliance
purposes, the Fund’s sector classifications refer to any 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 advisor. These definitions
may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC. |
|
OCTOBER 31, 2016 |
|
5 |
|
|
|
| Schedule of Investments (continued) |
|
BlackRock Muni New York Intermediate Duration Fund, Inc.
(MNE) |
|
| Derivative Financial Instruments Outstanding as of Period
End |
Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts
Short |
|
|
Issue |
|
|
Expiration |
|
|
Notional
Value |
|
|
Unrealized
Appreciation |
|
| |
(1 |
) |
|
|
5-Year U.S. Treasury Note |
|
|
|
December 2016 |
|
|
$ |
120,797 |
|
|
$ |
905 |
|
| |
(15 |
) |
|
|
10-Year U.S. Treasury Note |
|
|
|
December 2016 |
|
|
$ |
1,944,375 |
|
|
|
27,399 |
|
| |
(7 |
) |
|
|
Long U.S. Treasury Bond |
|
|
|
December 2016 |
|
|
$ |
1,139,031 |
|
|
|
43,040 |
|
| |
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
71,344 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
| GO |
|
General Obligation Bonds |
| 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 |
|
| 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 methodologies 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 Fund 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 Fund’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 Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 Investments include equity or debt issued by privately-held companies. 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 nontransferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| 6 |
|
BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC. |
|
OCTOBER 31, 2016 |
|
|
|
|
|
| Schedule of Investments (concluded) |
|
BlackRock Muni New York Intermediate Duration Fund, Inc.
(MNE) |
Changes in valuation methodologies may
result in transfers into or out of an assigned level within the hierarchy. In accordance with the Fund’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 is based on the pricing transparency of the investments and is not necessarily an indication of the risks associated with investing in those securities. For information about the
Fund’s policy regarding valuation of investments instruments, refer to the Fund’s most recent financial statements as contained in its annual report.
The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Investments1 |
|
|
— |
|
|
$ |
102,891,779 |
|
|
|
— |
|
|
$ |
102,891,779 |
|
| Short-Term Securities |
|
$ |
1,112,209 |
|
|
|
— |
|
|
|
— |
|
|
|
1,112,209 |
|
|
|
|
|
|
| Total |
|
$ |
1,112,209 |
|
|
$ |
102,891,779 |
|
|
|
— |
|
|
$ |
104,003,988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Financial Instruments2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate contracts |
|
$ |
71,344 |
|
|
|
— |
|
|
|
— |
|
|
$ |
71,344 |
|
| 1 See above Schedule of Investments for values in each sector.
2 Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the
instrument. |
|
The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting
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 |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash pledged for futures contracts |
|
$ |
47,450 |
|
|
|
— |
|
|
|
— |
|
|
$ |
47,450 |
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOB Trust Certificates |
|
|
— |
|
|
$ |
(8,939,171 |
) |
|
|
— |
|
|
|
(8,939,171 |
) |
| VRDP Shares at Liquidation Value |
|
|
— |
|
|
|
(29,600,000 |
) |
|
|
— |
|
|
|
(29,600,000 |
) |
|
|
|
|
|
| Total |
|
$ |
47,450 |
|
|
$ |
(38,539,171 |
) |
|
|
— |
|
|
$ |
(38,491,721 |
) |
|
|
|
|
|
During the period ended October 31, 2016, there were no transfers between levels.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC. |
|
OCTOBER 31, 2016 |
|
7 |
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 Muni New York Intermediate Duration Fund, Inc. |
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of
BlackRock Muni New York Intermediate Duration Fund, Inc. |
Date: December 20, 2016
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 Muni New York Intermediate Duration Fund, Inc. |
Date: December 20, 2016
|
|
|
| By: |
|
/s/ Neal J. Andrews |
|
|
Neal J. Andrews |
|
|
Chief Financial Officer (principal financial officer) of
BlackRock Muni New York Intermediate Duration Fund, Inc. |
Date: December 20, 2016