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: 07/31/2018
Date of reporting period: 04/30/2018
Item 1 – Schedule of Investments
|
|
|
| Schedule of Investments (unaudited)
April 30, 2018 |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds — 131.2% |
|
|
|
|
|
|
|
|
|
| New York — 131.2% |
|
| Corporate — 5.5% |
|
| Build NYC Resource Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| Ethical Culture Fieldston School Project,
5.00%, 06/01/30 |
|
$ |
385 |
|
|
$ |
429,102 |
|
| Pratt Paper, Inc. Project, AMT,
4.50%,
01/01/25(a) |
|
|
500 |
|
|
|
544,030 |
|
| City of New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC,
Series A, AMT, 5.00%, 07/01/22 |
|
|
850 |
|
|
|
929,279 |
|
| New York Transportation Development Corp., Refunding ARB, American Airlines, Inc., AMT, 5.00%,
08/01/26 |
|
|
1,000 |
|
|
|
1,055,370 |
|
| Niagara Area Development Corp., Refunding RB, Solid Waste Disposal Facility, Covanta Energy Project, Series
B, 4.00%, 11/01/24(a) |
|
|
500 |
|
|
|
500,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,458,016 |
|
| County/City/Special District/School District — 23.9% |
|
| City of Glen Cove New York, GO: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 01/01/25 |
|
|
195 |
|
|
|
217,144 |
|
| Series A, 5.00%, 01/01/26 |
|
|
105 |
|
|
|
117,676 |
|
| Refunding, 5.00%, 01/15/25 |
|
|
980 |
|
|
|
1,091,867 |
|
| Refunding, 5.00%, 01/15/26 |
|
|
520 |
|
|
|
583,050 |
|
| City of New York, GO, Refunding, Series E: |
|
|
|
|
|
|
|
|
| 5.25%, 08/01/22 |
|
|
2,000 |
|
|
|
2,243,400 |
|
| 5.00%, 08/01/30 |
|
|
1,250 |
|
|
|
1,383,112 |
|
| City of New York, GO: |
|
|
|
|
|
|
|
|
| Sub-Series A-1, 5.00%,
08/01/33 |
|
|
700 |
|
|
|
777,525 |
|
| Sub-Series I-1, 5.50%,
04/01/19(b) |
|
|
995 |
|
|
|
1,028,392 |
|
| Sub-Series I-1, 5.50%,
04/01/21 |
|
|
505 |
|
|
|
521,897 |
|
| Sub-Series I-1, 5.13%,
04/01/25 |
|
|
750 |
|
|
|
772,148 |
|
| City of New York Industrial Development Agency, RB, PILOT, Queens Baseball Stadium (AMBAC), 5.00%,
01/01/31 |
|
|
1,000 |
|
|
|
1,002,580 |
|
| Haverstraw-Stony Point Central School District, GO, Refunding, (AGM), 5.00%, 10/15/33 |
|
|
300 |
|
|
|
333,798 |
|
| Hudson Yards Infrastructure Corp., RB, Senior, Fiscal 2012: |
|
|
|
|
|
|
|
|
| 5.75%, 02/15/21(b) |
|
|
615 |
|
|
|
676,998 |
|
| 5.75%, 02/15/47 |
|
|
385 |
|
|
|
416,293 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| County/City/Special District/School District (continued) |
|
| New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured,
5.00%, 11/15/32(c) |
|
$ |
20 |
|
|
$ |
22,651 |
|
| State of New York Dormitory Authority, RB, Haverstraw King’s Daughters Public Library, 5.00%,
07/01/26 |
|
|
1,015 |
|
|
|
1,102,340 |
|
| New York Liberty Development Corp., Refunding RB, 4 World Trade Center Project, 5.00%, 11/15/31 |
|
|
1,000 |
|
|
|
1,086,220 |
|
| Town of Oyster Bay New York, GOL, New York Public Improvement, 4.00%, 02/15/24 |
|
|
1,500 |
|
|
|
1,579,890 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,956,981 |
|
| Education — 35.0% |
|
| Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp.,
Series A (AGM),
4.00%, 10/01/20(b) |
|
|
1,000 |
|
|
|
1,048,340 |
|
| Build NYC Resource Corp., Refunding RB, The Packer Collegiate Institute Project,
5.00%, 06/01/35 |
|
|
250 |
|
|
|
273,988 |
|
| City of New York Trust for Cultural Resources, Refunding RB, American Museum of Natural History, Series A,
5.00%, 07/01/32 |
|
|
500 |
|
|
|
561,560 |
|
| Counties of Buffalo & Erie New York Industrial Land Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| Buffalo State College Foundation Housing, 6.00%, 10/01/31 |
|
|
1,000 |
|
|
|
1,109,650 |
|
| The Charter School for Applied Technologies Project, Series A, 4.50%, 06/01/27 |
|
|
1,000 |
|
|
|
1,050,950 |
|
| County of Monroe New York Industrial Development Corp., Refunding RB, Series A,
5.00%, 07/01/23(b) |
|
|
1,000 |
|
|
|
1,135,420 |
|
| County of Nassau New York Industrial Development Agency, Refunding RB, New York Institute of Technology
Project, Series A, 5.00%, 03/01/20(b) |
|
|
1,000 |
|
|
|
1,054,560 |
|
| County of Schenectady New York Capital Resource Corp., Refunding RB, Union College,
5.00%,
07/01/32 |
|
|
500 |
|
|
|
544,985 |
|
| State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
| Bid Group 3, Series A, 5.00%, 03/15/33 |
|
|
1,000 |
|
|
|
1,171,590 |
|
| Convent of the Sacred Heart (AGM),
4.00%, 11/01/18 |
|
|
500 |
|
|
|
505,645 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
April 30, 2018 |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Education (continued) |
|
| State of New York Dormitory Authority, RB (continued): |
|
|
|
|
|
|
|
|
| Convent of the Sacred Heart (AGM),
5.00%, 11/01/21 |
|
$ |
120 |
|
|
$ |
130,459 |
|
| Fordham University, Series A,
5.25%,
07/01/21(b) |
|
|
500 |
|
|
|
546,830 |
|
| Icahn School of Medicine at Mount Sinai,
Series A, 5.00%, 07/01/32 |
|
|
1,000 |
|
|
|
1,106,290 |
|
| Mount Sinai School of Medicine,
5.50%,
07/01/19(b) |
|
|
1,000 |
|
|
|
1,041,100 |
|
| Mount Sinai School of Medicine, Series A
(NPFGC), 5.15%, 07/01/24 |
|
|
250 |
|
|
|
282,367 |
|
| Touro College & University System Obligation Group, Series A, 4.13%, 01/01/30 |
|
|
1,000 |
|
|
|
1,016,020 |
|
| State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Fordham University, 5.00%, 07/01/29 |
|
|
375 |
|
|
|
422,524 |
|
| Fordham University, 5.00%, 07/01/30 |
|
|
300 |
|
|
|
337,476 |
|
| Pace University, Series A, 5.00%, 05/01/27 |
|
|
980 |
|
|
|
1,060,399 |
|
| Series B, 5.00%, 07/01/31 |
|
|
1,500 |
|
|
|
1,697,205 |
|
| Series L, 5.00%, 01/01/32 |
|
|
2,000 |
|
|
|
2,326,040 |
|
| State University Dormitory Facilities, Series A,
5.25%, 07/01/30 |
|
|
1,050 |
|
|
|
1,187,949 |
|
| The Culinary Institute of America,
5.00%, 07/01/28 |
|
|
500 |
|
|
|
542,725 |
|
| Troy Capital Resource Corp., Refunding RB,
5.00%, 08/01/32 |
|
|
1,000 |
|
|
|
1,116,780 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,270,852 |
|
| Health — 16.5% |
|
| Build NYC Resource Corp., Refunding RB, New York Methodist Hospital Project, 5.00%, 07/01/30 |
|
|
500 |
|
|
|
552,025 |
|
| County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC), 5.00%,
04/01/21 |
|
|
215 |
|
|
|
229,177 |
|
| County of Dutchess New York Local Development Corp., Refunding RB, Health Quest System, Inc., Series A (AGM),
5.25%, 07/01/25 |
|
|
1,000 |
|
|
|
1,060,800 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Health (continued) |
|
| County of Monroe Industrial Development Corp., RB, Rochester General Hospital Project,
5.00%,
12/01/29 |
|
$ |
660 |
|
|
$ |
746,922 |
|
| County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien: |
|
|
|
|
|
|
|
|
| Remarketing, Series A, 5.00%, 11/01/24 |
|
|
910 |
|
|
|
971,871 |
|
| Remarketing, Series A, 5.00%, 11/01/30 |
|
|
580 |
|
|
|
618,042 |
|
| Series B, 6.00%, 11/01/20(b) |
|
|
205 |
|
|
|
224,877 |
|
| Series B, 6.00%, 11/01/30 |
|
|
35 |
|
|
|
37,877 |
|
| County of Westchester New York Local Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| Kendal On Hudson Project, 4.00%, 01/01/23 |
|
|
250 |
|
|
|
263,473 |
|
| Kendal On Hudson Project, 5.00%, 01/01/28 |
|
|
875 |
|
|
|
947,432 |
|
| Westchester Medical Center, 5.00%, 11/01/34 |
|
|
500 |
|
|
|
540,520 |
|
| State of New York Dormitory Authority, RB, Series
A(b): |
|
|
|
|
|
|
|
|
| New York State Association for Retarded Children, Inc., 5.30%, 07/01/19 |
|
|
450 |
|
|
|
467,730 |
|
| New York University Hospitals Center,
5.00%, 07/01/20 |
|
|
1,000 |
|
|
|
1,062,760 |
|
| State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Mount Sinai Hospital Series A, 4.25%, 07/01/23 |
|
|
250 |
|
|
|
259,635 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/21(b) |
|
|
500 |
|
|
|
543,120 |
|
| North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/32 |
|
|
1,270 |
|
|
|
1,426,680 |
|
| Orange Regional Medical Center,
5.00%,
12/01/27(a) |
|
|
100 |
|
|
|
110,923 |
|
| Orange Regional Medical Center,
5.00%,
12/01/28(a) |
|
|
200 |
|
|
|
221,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,284,894 |
|
| Housing — 3.2% |
|
| City of New York Housing Development Corp., RB, M/F Housing: |
|
|
|
|
|
|
|
|
| Series B1, 5.25%, 07/01/30 |
|
|
500 |
|
|
|
550,910 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
April 30, 2018 |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Housing (continued) |
|
| City of New York Housing Development Corp., RB, M/F Housing (continued): |
|
|
|
|
|
|
|
|
| Series H-2-A, Remarketing,
AMT, 5.00%, 11/01/30 |
|
$ |
780 |
|
|
$ |
781,248 |
|
| Yonkers New York Industrial Development Agency, RB, Sacred Heart Association Project, Series A, AMT (SONYMA),
4.80%, 10/01/26 |
|
|
690 |
|
|
|
691,697 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,023,855 |
|
| State — 12.1% |
|
| City of New York Transitional Finance Authority, BARB: |
|
|
|
|
|
|
|
|
| Fiscal 2009, Series S-3, 5.00%, 01/15/23 |
|
|
575 |
|
|
|
588,024 |
|
| Fiscal 2015, Series S-1, 5.00%, 07/15/37 |
|
|
1,140 |
|
|
|
1,265,765 |
|
| Series S-3, 5.00%, 07/15/32 |
|
|
1,500 |
|
|
|
1,759,050 |
|
| State of New York Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
| 5.00%, 03/15/30 |
|
|
500 |
|
|
|
583,580 |
|
| Municipal Health Facilities Lease, Sub-Series 2-4, 5.00%, 01/15/27 |
|
|
600 |
|
|
|
601,608 |
|
| State of New York Thruway Authority, Refunding RB, Series A-1,
5.00%, 04/01/19(b) |
|
|
1,000 |
|
|
|
1,029,510 |
|
| State of New York Urban Development Corp., Refunding RB, Personal Income Tax, Series A,
5.00%, 03/15/35 |
|
|
1,990 |
|
|
|
2,253,655 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,081,192 |
|
| Tobacco — 2.7% |
|
| County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 5.25%,
05/15/34 |
|
|
500 |
|
|
|
538,770 |
|
| New York Counties Tobacco Trust, Refunding RB, Tobacco Settlement Pass-Through Bonds, Series B: |
|
|
|
|
|
|
|
|
| 5.00%, 06/01/25 |
|
|
845 |
|
|
|
952,645 |
|
| 5.00%, 06/01/28 |
|
|
90 |
|
|
|
100,976 |
|
| 5.00%, 06/01/29 |
|
|
105 |
|
|
|
117,252 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,709,643 |
|
| Transportation — 23.9% |
|
| Hudson Yards Infrastructure Corp., Refunding RB, Series A, 5.00%, 02/15/29 |
|
|
1,000 |
|
|
|
1,171,060 |
|
| Metropolitan Transportation Authority, RB: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 11/15/21(b) |
|
|
1,000 |
|
|
|
1,101,200 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Transportation (continued) |
|
| Metropolitan Transportation Authority, RB (continued): |
|
|
|
|
|
|
|
|
| Series A-1, 5.25%, 11/15/23(b) |
|
$ |
500 |
|
|
$ |
578,225 |
|
| Series B, 5.25%, 11/15/33 |
|
|
1,000 |
|
|
|
1,131,030 |
|
| Series B (NPFGC), 5.25%, 11/15/19 |
|
|
860 |
|
|
|
903,946 |
|
| Sub-Series B-1,
5.00%, 11/15/21(b) |
|
|
460 |
|
|
|
506,552 |
|
| Sub-Series B-4,
5.00%, 11/15/21(b) |
|
|
300 |
|
|
|
330,360 |
|
| Sub-Series D-1,
5.25%, 11/15/44 |
|
|
225 |
|
|
|
253,703 |
|
| Port Authority of New York & New Jersey, ARB, JFK International Air Terminal LLC Project, Series 8,
5.00%, 12/01/20 |
|
|
1,000 |
|
|
|
1,043,050 |
|
| Port Authority of New York & New Jersey, Refunding ARB, Consolidated, 152nd Series, AMT,
5.00%, 11/01/23 |
|
|
500 |
|
|
|
500,000 |
|
| Port Authority of New York & New Jersey, Refunding RB, AMT: |
|
|
|
|
|
|
|
|
| 178th Series, 5.00%, 12/01/32 |
|
|
1,000 |
|
|
|
1,100,960 |
|
| Consolidated, 152nd Series, 5.00%, 11/01/24 |
|
|
1,000 |
|
|
|
1,000,000 |
|
| State of New York Thruway Authority, Refunding RB, General: |
|
|
|
|
|
|
|
|
| Series I, 5.00%, 01/01/37 |
|
|
660 |
|
|
|
713,071 |
|
| Series K, 5.00%, 01/01/32 |
|
|
1,035 |
|
|
|
1,163,133 |
|
| Triborough Bridge & Tunnel Authority, RB: |
|
|
|
|
|
|
|
|
| Series B, 5.00%, 11/15/31 |
|
|
2,005 |
|
|
|
2,302,803 |
|
| Series B-3, 5.00%, 11/15/33 |
|
|
500 |
|
|
|
571,345 |
|
| Triborough Bridge & Tunnel Authority, Refunding RB, Series A, 5.00%, 01/01/22(b) |
|
|
500 |
|
|
|
552,165 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,922,603 |
|
| Utilities — 8.4% |
|
| City of New York Municipal Water Finance Authority, RB, Water & Sewer System, 2nd General
Resolution, Series DD, 5.00%, 06/15/32 |
|
|
250 |
|
|
|
250,968 |
|
| Long Island Power Authority, RB, Electric System, 5.00%, 09/01/32 |
|
|
1,000 |
|
|
|
1,147,640 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
April 30, 2018 |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Utilities (continued) |
|
| Long Island Power Authority, Refunding RB, Electric System, Series A: |
|
|
|
|
|
|
|
|
| 5.50%, 04/01/19(b) |
|
$ |
500 |
|
|
$ |
516,315 |
|
| 5.00%, 09/01/34 |
|
|
1,000 |
|
|
|
1,100,560 |
|
| State of New York Environmental Facilities Corp., Refunding RB, NYC Municipal Water Finance Authority
Project, 2nd Resolution, Series B, 5.00%, 06/15/31 |
|
|
1,000 |
|
|
|
1,085,200 |
|
| Utility Debt Securitization Authority, Refunding RB, New York Restructuring, Series E,
5.00%, 12/15/32 |
|
|
1,000 |
|
|
|
1,126,370 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,227,053 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds — 131.2%
(Cost — $79,539,805) |
|
|
|
81,935,089 |
|
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to Tender Option Bond Trusts(c) |
|
|
| New York — 36.4% |
|
| County/City/Special District/School District — 10.5% |
|
| City of New York, GO: |
|
|
|
|
|
|
|
|
| Sub-Series 1-I, 5.00%,
03/01/32 |
|
|
991 |
|
|
|
1,105,529 |
|
| Sub-Series G-1, 5.00%,
04/01/29 |
|
|
750 |
|
|
|
820,215 |
|
| Refunding Series E, 5.00%, 08/01/19(b) |
|
|
174 |
|
|
|
180,591 |
|
| Refunding Series E, 5.00%, 08/01/27 |
|
|
425 |
|
|
|
441,837 |
|
| City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured,
5.00%, 11/15/32 |
|
|
3,540 |
|
|
|
4,009,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,557,399 |
|
| State — 12.7% |
|
| New York City Transitional Finance Authority, RB, Future Tax Secured Subordinate Bonds, SubSeries B-1, 5.00%, 08/01/36 |
|
|
3,001 |
|
|
|
3,399,044 |
|
| Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A, 5.00%, 10/15/31 |
|
|
990 |
|
|
|
1,125,204 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| State (continued) |
|
| State of New York Dormitory Authority, Refunding RB, Series E, 5.25%, 03/15/33 |
|
$ |
1,500 |
|
|
$ |
1,736,640 |
|
| State of New York Urban Development Corp., RB, Personal Income Tax, Series
A-1, 5.00%, 03/15/32 |
|
|
1,499 |
|
|
|
1,660,579 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,921,467 |
|
| Transportation — 10.5% |
|
| Metropolitan Transportation Authority, RB,
Sub-Series D-1, 5.00%, 11/15/39 |
|
|
3,510 |
|
|
|
3,884,283 |
|
| Metropolitan Transportation Authority, Refunding RB, Series B, 5.25%, 11/15/19(b) |
|
|
749 |
|
|
|
788,194 |
|
| Port Authority of New York & New Jersey, ARB, Consolidated, 169th Series, AMT,
5.00%, 10/15/26 |
|
|
750 |
|
|
|
808,612 |
|
| Port Authority of New York & New Jersey, RB, 178th Series, AMT, 5.00%, 12/01/32 |
|
|
991 |
|
|
|
1,089,641 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,570,730 |
|
| Utilities — 2.7% |
|
| 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 |
|
|
1,560 |
|
|
|
1,681,534 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds Transferred to Tender Option Bond Trusts — 36.4%
(Cost
— $22,280,737) |
|
|
|
22,731,130 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments — 167.6%
(Cost — $101,820,542) |
|
|
|
104,666,219 |
|
| Other Assets Less Liabilities — 0.1% |
|
|
|
60,536 |
|
| Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable —
(20.5)% |
|
|
|
(12,815,677 |
) |
| VRDP Shares at Liquidation Value, Net of Deferred Offering
Costs — (47.2)% |
|
|
|
(29,459,131 |
) |
|
|
|
|
|
|
|
|
|
| Net Assets Applicable to Common Shares — 100.0% |
|
|
$ |
62,451,947 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Investments (unaudited) (continued)
April 30, 2018 |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) |
| (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. |
| • |
During the period ended April 30, 2018, investments in issuers considered to be an affiliate of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affiliated |
|
Shares
Held at
07/31/17 |
|
|
Net
Activity |
|
|
Shares
Held at
04/30/18 |
|
|
Value at
04/30/18 |
|
|
Income |
|
|
Net
Realized
Gain (Loss)(a) |
|
|
Change in
Unrealized
Appreciation
(Depreciation) |
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class |
|
|
187,589 |
|
|
|
(187,589 |
) |
|
|
— |
|
|
$ |
— |
|
|
$ |
5,834 |
|
|
$ |
13 |
|
|
$ |
(19 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(a) |
Includes net capital gain distributions, if applicable. |
|
For Fund compliance purposes, the Fund’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 |
|
|
20 |
|
|
|
06/20/18 |
|
|
$ |
2,393 |
|
|
$ |
13,520 |
|
| Long U.S. Treasury Bond |
|
|
6 |
|
|
|
06/20/18 |
|
|
|
863 |
|
|
|
(1,519 |
) |
| 5-Year U.S. Treasury Note |
|
|
7 |
|
|
|
06/29/18 |
|
|
|
795 |
|
|
|
3,636 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
15,637 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
GO — General Obligation Bonds
M/F — Multi-Family
NPFGC — National Public Finance Guarantee Corp.
|
|
|
| Schedule of Investments (unaudited) (continued)
April 30, 2018 |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) |
Portfolio Abbreviations (continued)
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 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 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 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 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 and derivative financial instruments 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 and derivative financial instruments, refer to the Fund’s most recent financial statements as
contained in its semi-annual report.
As of April 30, 2018, 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 Investments(a) |
|
$ |
— |
|
|
$ |
104,666,219 |
|
|
$ |
— |
|
|
$ |
104,666,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
— |
|
|
$ |
104,666,219 |
|
|
$ |
— |
|
|
$ |
104,666,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Financial Instruments(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate contracts |
|
$ |
17,156 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
17,156 |
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate contracts |
|
|
(1,519 |
) |
|
|
— |
|
|
|
— |
|
|
|
(1,519 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
15,637 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
15,637 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(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)
April 30, 2018 |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) |
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 |
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOB Trust Certificates |
|
$ |
— |
|
|
$ |
(12,780,377 |
) |
|
$ |
— |
|
|
$ |
(12,780,377 |
) |
| VRDP Shares at Liquidation Value |
|
|
— |
|
|
|
(29,600,000 |
) |
|
|
— |
|
|
|
(29,600,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
— |
|
|
$ |
(42,380,377 |
) |
|
$ |
— |
|
|
$ |
(42,380,377 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
During the period ended April 30, 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 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: June 18, 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 Muni New York Intermediate Duration Fund, Inc. |
|
|
| Date: June 18, 2018 |
|
|
|
|
|
| By: |
|
/s/ Neal J. Andrews |
|
|
|
|
Neal J. Andrews |
|
|
|
|
Chief Financial Officer (principal financial officer) of |
|
|
BlackRock Muni New York Intermediate Duration Fund, Inc. |
|
|
| Date: June 18, 2018 |
|
|