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
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|
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| Name of Fund: |
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BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) |
|
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| 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: 07/31/2019
Date of reporting period: 10/31/2018
Item 1 – Schedule of Investments
|
|
|
| Schedule of Investments (unaudited)
October 31, 2018 |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds — 130.1% |
|
|
| New York — 130.1% |
|
| Corporate — 7.5% |
|
| Build NYC Resource Corp., Refunding RB, Pratt Paper, Inc. Project, AMT,
4.50%, 01/01/25 |
|
$ |
500 |
|
|
$ |
535,215 |
|
| City of New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC,
Series A, AMT,
5.00%, 07/01/22 |
|
|
850 |
|
|
|
916,504 |
|
| New York Transportation Development Corp., ARB, Delta Air Lines, Inc. LaGuardia Airport Terminals C&D
Redevelopment Project, AMT,
5.00%, 01/01/33 |
|
|
1,000 |
|
|
|
1,080,820 |
|
| New York Transportation Development Corp., Refunding ARB, American Airlines, Inc., AMT, 5.00%,
08/01/26 |
|
|
1,000 |
|
|
|
1,039,980 |
|
| Niagara Area Development Corp., Refunding RB, Covanta Project, Series B,
3.50%, 11/01/24 |
|
|
1,000 |
|
|
|
990,920 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,563,439 |
|
| County/City/Special District/School District — 25.0 % |
|
| City of Glen Cove New York, GO: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 01/01/25 |
|
|
195 |
|
|
|
214,830 |
|
| Series A, 5.00%, 01/01/26 |
|
|
105 |
|
|
|
115,948 |
|
| Refunding, 5.00%, 01/15/25 |
|
|
980 |
|
|
|
1,080,225 |
|
| Refunding, 5.00%, 01/15/26 |
|
|
520 |
|
|
|
574,480 |
|
| County of Nassau New York, GO: |
|
|
|
|
|
|
|
|
| Series A (AGM), 5.00%, 04/01/28(a) |
|
|
1,000 |
|
|
|
1,131,390 |
|
| Series C, 5.00%, 10/01/29 |
|
|
500 |
|
|
|
567,645 |
|
| County of Nassau New York Industrial Development Agency, Refunding RB, New York Institute of Technology
Project,
Series A, 5.00%, 03/01/21 |
|
|
1,000 |
|
|
|
1,036,760 |
|
| City of New York, GO, Refunding,
Series E, 5.00%, 08/01/30 |
|
|
1,250 |
|
|
|
1,364,588 |
|
| City of New York, GO: |
|
|
|
|
|
|
|
|
| Sub-Series A-1, 5.00%,
08/01/33 |
|
|
700 |
|
|
|
768,306 |
|
| Sub-Series I-1, 5.50%,
04/01/21 |
|
|
1,500 |
|
|
|
1,522,995 |
|
| Sub-Series I-1, 5.13%,
04/01/19(a) |
|
|
750 |
|
|
|
759,660 |
|
| City of New York Industrial Development Agency, RB, PILOT, Queens Baseball Stadium (AMBAC), 5.00%,
01/01/31 |
|
|
1,000 |
|
|
|
1,002,410 |
|
| Haverstraw-Stony Point Central School District, GO, Refunding, (AGM), 5.00%, 10/15/33 |
|
|
300 |
|
|
|
329,739 |
|
| Hudson Yards Infrastructure Corp., RB, Senior, Fiscal 2012: |
|
|
|
|
|
|
|
|
| 5.75%, 02/15/47 |
|
|
615 |
|
|
|
665,116 |
|
| 5.75%, 02/15/21(a) |
|
|
385 |
|
|
|
411,996 |
|
|
|
|
|
|
|
|
|
|
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 |
|
$ |
20 |
|
|
$ |
22,332 |
|
| New York Liberty Development Corp., Refunding RB, 4 World Trade Center Project, 5.00%, 11/15/31 |
|
|
1,000 |
|
|
|
1,063,600 |
|
| State of New York Dormitory Authority, RB, Haverstraw King’s Daughters Public Library,
5.00%,
07/01/21(a) |
|
|
1,015 |
|
|
|
1,085,116 |
|
| Town of Oyster Bay New York, GOL, New York Public Improvement,
4.00%, 02/15/24 |
|
|
1,500 |
|
|
|
1,564,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,281,696 |
|
| Education — 35.0% |
|
| Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp.,
Series A (AGM),
4.00%, 10/01/24 |
|
|
1,000 |
|
|
|
1,035,830 |
|
| Build NYC Resource Corp., RB, Inwood Academy for Leadership Charter School Project, Series A, 4.88%, 05/01/28(a) |
|
|
750 |
|
|
|
748,260 |
|
| Build NYC Resource Corp., Refunding RB(b): |
|
|
|
|
|
|
|
|
| Ethical Culture Fieldston School Project,
5.00%, 06/01/30 |
|
|
385 |
|
|
|
426,060 |
|
| The Packer Collegiate Institute Project,
5.00%, 06/01/35 |
|
|
250 |
|
|
|
272,940 |
|
| City of New York Trust for Cultural Resources, Refunding RB, American Museum of Natural History, Series
A,
5.00%, 07/01/32 |
|
|
500 |
|
|
|
555,015 |
|
| Counties of Buffalo & Erie New York Industrial Land Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| Buffalo State College Foundation Housing,
6.00%, 10/01/31 |
|
|
1,000 |
|
|
|
1,084,160 |
|
| The Charter School for Applied Technologies Project, Series A, 4.50%, 06/01/27 |
|
|
1,000 |
|
|
|
1,062,110 |
|
| County of Monroe New York Industrial Development Corp., Refunding RB, Series A, 5.00%, 07/01/30 |
|
|
1,000 |
|
|
|
1,122,500 |
|
| County of Schenectady New York Capital Resource Corp., Refunding RB, Union College,
5.00%,
07/01/32 |
|
|
500 |
|
|
|
537,850 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 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: |
|
|
|
|
|
|
|
|
| Bid Group 3, Series A,
5.00%, 03/15/33 |
|
$ |
1,000 |
|
|
$ |
1,136,880 |
|
| Convent of the Sacred Heart (AGM),
5.00%, 11/01/21 |
|
|
120 |
|
|
|
128,333 |
|
| Fordham University, Series A,
5.25%, 07/01/25 |
|
|
500 |
|
|
|
541,125 |
|
| Icahn School of Medicine at Mount Sinai, Series A,
5.00%, 07/01/32 |
|
|
1,000 |
|
|
|
1,100,910 |
|
| Mount Sinai School of Medicine,
5.50%, 07/01/25 |
|
|
1,000 |
|
|
|
1,023,540 |
|
| Mount Sinai School of Medicine,
Series A (NPFGC),
5.15%, 07/01/24(a) |
|
|
250 |
|
|
|
278,610 |
|
| State University Dormitory Facilities, Series A,
5.00%, 07/01/33 |
|
|
1,000 |
|
|
|
1,133,450 |
|
| Touro College & University System Obligation Group, Series A,
4.13%, 07/02/24(a) |
|
|
1,000 |
|
|
|
992,440 |
|
| State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Fordham University,
5.00%, 07/01/29 |
|
|
375 |
|
|
|
416,467 |
|
| Fordham University,
5.00%, 07/01/30 |
|
|
300 |
|
|
|
332,676 |
|
| Pace University, Series A,
5.00%,
05/01/27(b) |
|
|
980 |
|
|
|
1,051,638 |
|
| Series B, 5.00%, 07/01/31 |
|
|
1,500 |
|
|
|
1,683,780 |
|
| Series L, 5.00%, 01/01/32 |
|
|
1,750 |
|
|
|
1,989,470 |
|
| State University Dormitory Facilities, Series A,
5.25%, 07/01/30 |
|
|
1,050 |
|
|
|
1,170,939 |
|
| The Culinary Institute of America,
5.00%, 07/01/28 |
|
|
500 |
|
|
|
533,895 |
|
| Troy Capital Resource Corp., Refunding RB, 5.00%,
02/01/26(a) |
|
|
1,000 |
|
|
|
1,099,260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,458,138 |
|
| Health — 16.5% |
|
| Build NYC Resource Corp., Refunding RB, New York Methodist Hospital Project, 5.00%, 07/01/30 |
|
|
500 |
|
|
|
540,880 |
|
| County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center
(AGC),
5.00%, 04/01/21 |
|
|
215 |
|
|
|
225,516 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| Health (continued) |
|
| County of Dutchess New York Local Development Corp., Refunding RB, Health Quest System, Inc., Series A (AGM),
5.25%, 07/01/25 |
|
$ |
1,000 |
|
|
$ |
1,044,510 |
|
| County of Monroe Industrial Development Corp., RB, Rochester General Hospital
Project, 5.00%,
12/01/29 |
|
|
660 |
|
|
|
738,005 |
|
| County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien: |
|
|
|
|
|
|
|
|
| Remarketing, Series A,
5.00%, 11/01/24 |
|
|
910 |
|
|
|
960,996 |
|
| Remarketing, Series A,
5.00%, 11/01/30 |
|
|
580 |
|
|
|
608,258 |
|
| Series B, 6.00%, 11/01/30 |
|
|
205 |
|
|
|
220,432 |
|
| Series B, 6.00%, 11/01/20(a) |
|
|
35 |
|
|
|
37,126 |
|
| County of Westchester New York Local Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| Kendal On Hudson Project,
4.00%, 01/01/23 |
|
|
250 |
|
|
|
262,108 |
|
| Kendal On Hudson Project,
5.00%, 01/01/28 |
|
|
875 |
|
|
|
932,391 |
|
| Westchester Medical Center,
5.00%, 11/01/34 |
|
|
500 |
|
|
|
531,195 |
|
| State of New York Dormitory Authority, RB, Series A: |
|
|
|
|
|
|
|
|
| New York State Association for Retarded Children, Inc.,
5.30%, 07/01/23 |
|
|
450 |
|
|
|
460,003 |
|
| New York University Hospitals Center,
5.00%,
07/01/20(a) |
|
|
1,000 |
|
|
|
1,047,820 |
|
| State of New York Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Mount Sinai Hospital Series A,
4.25%, 07/01/23 |
|
|
250 |
|
|
|
256,915 |
|
| North Shore-Long Island Jewish Obligated Group, Series A,
5.00%, 05/01/32 |
|
|
500 |
|
|
|
535,095 |
|
| North Shore-Long Island Jewish Obligated Group, Series A,
5.00%, 05/01/25(a) |
|
|
1,270 |
|
|
|
1,390,663 |
|
| Orange Regional Medical Center,
5.00%, 12/01/27 |
|
|
100 |
|
|
|
110,876 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 2018 |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| Security |
|
Par (000) |
|
|
Value |
|
| Health (continued) |
|
| State of New York Dormitory Authority, Refunding RB (continued): |
|
|
|
|
|
|
|
|
| Orange Regional Medical Center,
5.00%,
12/01/28(b) |
|
$ |
200 |
|
|
$ |
220,506 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,123,295 |
|
| Housing — 1.9% |
|
| City of New York Housing Development Corp., RB, M/F Housing, Series B1, 5.25%, 07/01/30 |
|
|
500 |
|
|
|
544,285 |
|
| Yonkers New York Industrial Development Agency, RB, Sacred Heart Association Project, Series A, AMT (SONYMA),
4.80%, 10/01/26 |
|
|
625 |
|
|
|
626,531 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,170,816 |
|
| State — 11.6% |
|
| City of New York Transitional Finance Authority Building Aid Revenue, BARB: |
|
|
|
|
|
|
|
|
| Fiscal 2009, Series S-3, 5.00%, 01/15/23 |
|
|
575 |
|
|
|
578,720 |
|
| Fiscal 2015, Series S-1, 5.00%, 07/15/37 |
|
|
1,140 |
|
|
|
1,239,180 |
|
| Series S-3, 5.00%, 07/15/32 |
|
|
1,500 |
|
|
|
1,710,180 |
|
| City of New York Transitional Finance Authority Future Tax Secured Revenue, RB, Future Tax Secured, Sub-Series A1, 5.00%, 08/01/33 |
|
|
300 |
|
|
|
341,394 |
|
| State of New York Thruway Authority, Refunding RB, Series A-1, 5.00%,
04/01/22 |
|
|
1,000 |
|
|
|
1,013,280 |
|
| State of New York Urban Development Corp., Refunding RB, Personal Income Tax, Series A, 5.00%, 03/15/26(a) |
|
|
1,990 |
|
|
|
2,208,263 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,091,017 |
|
| Tobacco — 2.7% |
|
| County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed,
5.25%, 05/15/24(a) |
|
|
500 |
|
|
|
528,465 |
|
| New York Counties Tobacco Trust, Refunding RB, Tobacco Settlement Pass-Through Bonds,
Series B: |
|
|
|
|
|
|
|
|
| 5.00%, 06/01/25 |
|
|
845 |
|
|
|
934,587 |
|
| 5.00%, 06/01/28 |
|
|
90 |
|
|
|
98,981 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par (000) |
|
|
Value |
|
| Tobacco (continued) |
|
| New York Counties Tobacco Trust, Refunding RB, Tobacco Settlement Pass-Through Bonds,
Series B
(continued): |
|
|
|
|
|
|
|
|
| 5.00%, 06/01/29 |
|
$ |
105 |
|
|
$ |
114,966 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,676,999 |
|
| Transportation — 20.1% |
|
| Metropolitan Transportation Authority, RB: |
|
|
|
|
|
|
|
|
| Series A, 5.00%, 11/15/27 |
|
|
1,000 |
|
|
|
1,085,170 |
|
| Series A-1, 5.25%, 11/15/23(a) |
|
|
500 |
|
|
|
571,035 |
|
| Series B, 5.25%, 05/15/24(a) |
|
|
1,000 |
|
|
|
1,102,710 |
|
| Series B (NPFGC), 5.25%, 11/15/19 |
|
|
860 |
|
|
|
887,795 |
|
| Sub-Series B-1, 5.00%,
11/15/24 |
|
|
460 |
|
|
|
499,178 |
|
| Sub-Series B-4, 5.00%,
11/15/21(a) |
|
|
300 |
|
|
|
325,551 |
|
| Sub-Series D-1, 5.25%,
11/15/24(a) |
|
|
225 |
|
|
|
248,573 |
|
| Port Authority of New York & New Jersey, ARB, JFK International Air Terminal LLC Project, Series
8,
5.00%, 12/01/20(b) |
|
|
685 |
|
|
|
705,667 |
|
| Port Authority of New York & New Jersey,
Refunding RB: |
|
|
|
|
|
|
|
|
| 178th Series, AMT, 5.00%, 12/01/23(a) |
|
|
1,000 |
|
|
|
1,090,620 |
|
| Consolidated Bonds, 5.00%, 09/01/33 |
|
|
500 |
|
|
|
571,745 |
|
| State of New York Thruway Authority,
Refunding RB, General: |
|
|
|
|
|
|
|
|
| Series I, 5.00%, 01/01/37 |
|
|
660 |
|
|
|
695,858 |
|
| Series K, 5.00%, 01/01/32 |
|
|
1,035 |
|
|
|
1,138,428 |
|
| Triborough Bridge & Tunnel Authority, RB: |
|
|
|
|
|
|
|
|
| Series B, 5.00%, 11/15/31 |
|
|
2,005 |
|
|
|
2,268,497 |
|
| Series B-3, 5.00%, 11/15/33 |
|
|
500 |
|
|
|
563,000 |
|
| Triborough Bridge & Tunnel Authority, Refunding RB, Series A, 5.00%, 01/01/27 |
|
|
500 |
|
|
|
544,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,298,297 |
|
| Utilities — 9.8% |
|
| Long Island Power Authority, RB, Electric System: |
|
|
|
|
|
|
|
|
| 5.00%, 09/01/33 |
|
|
1,000 |
|
|
|
1,128,250 |
|
| 5.00%, 09/01/32 |
|
|
1,000 |
|
|
|
1,122,750 |
|
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 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%, 04/01/24 |
|
$ |
500 |
|
|
$ |
507,560 |
|
| 5.00%, 09/01/24(a) |
|
|
1,000 |
|
|
|
1,095,010 |
|
| 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 |
|
|
|
1,066,650 |
|
| Utility Debt Securitization Authority, Refunding RB, New York Restructuring, Series E,
5.00%,
12/15/32 |
|
|
1,000 |
|
|
|
1,109,760 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,029,980 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds — 130.1%
(Cost — $78,317,073) |
|
|
|
79,693,677 |
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|
|
1,089,837 |
|
| Sub-Series G-1, 5.00%,
04/01/29 |
|
|
750 |
|
|
|
808,335 |
|
| Refunding Series E, 5.00%, 08/01/27 |
|
|
174 |
|
|
|
177,826 |
|
| Refunding Series E, 5.00%, 08/01/27 |
|
|
425 |
|
|
|
435,070 |
|
| City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured, 5.00%,
11/15/32 |
|
|
3,540 |
|
|
|
3,952,746 |
|
|
|
|
|
|
|
|
6,463,814 |
|
| State — 12.7% |
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, RB, Future Tax Secured Subordinate
Bonds, SubSeries B-1,
5.00%, 08/01/36 |
|
|
3,001 |
|
|
|
3,323,541 |
|
| Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A,
5.00%, 10/15/31 |
|
|
990 |
|
|
|
1,106,345 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Par
(000) |
|
|
Value |
|
| State (continued) |
|
| State of New York Dormitory Authority, Refunding RB, Series E, 5.25%, 03/15/33 |
|
$ |
1,500 |
|
|
$ |
1,697,115 |
|
| State of New York Urban Development Corp., RB, Personal Income Tax, Series
A-1,
5.00%, 03/15/32 |
|
|
1,499 |
|
|
|
1,635,394 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,762,395 |
|
| Transportation — 10.5% |
|
| Metropolitan Transportation Authority, RB, Sub-Series D-1, 5.00%, 11/15/39 |
|
|
3,510 |
|
|
|
3,782,318 |
|
| Metropolitan Transportation Authority, Refunding RB, Series B, 5.25%, 11/15/25 |
|
|
749 |
|
|
|
774,991 |
|
| Port Authority of New York & New Jersey, Refunding ARB: |
|
|
|
|
|
|
|
|
| 178th Series, AMT, 5.00%, 12/01/32 |
|
|
991 |
|
|
|
1,079,553 |
|
| Consolidated, Series 169th, 5.00%, 10/15/26 |
|
|
750 |
|
|
|
799,575 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,436,437 |
|
| 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 |
|
|
|
1,655,852 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds Transferred to Tender Option Bond Trusts — 36.4%
(Cost —
$22,163,948) |
|
|
|
22,318,498 |
|
|
|
|
|
|
|
|
|
|
| Total Long-Term Investments — 166.5%
(Cost — $100,481,021) |
|
|
|
102,012,175 |
|
|
|
|
|
|
|
|
|
|
| |
|
Shares |
|
|
|
|
| Short-Term Securities — 0.1% |
|
| BlackRock Liquidity Funds New York Money Fund Portfolio,
1.42%(d)(e) |
|
|
63,886 |
|
|
|
63,886 |
|
|
|
|
|
|
|
|
|
|
| Total Short-Term Securities — 0.1%
(Cost — $63,886) |
|
|
|
63,886 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments — 166.6%
(Cost — $100,544,907) |
|
|
|
102,076,061 |
|
| Other Assets Less Liabilities — 2.4% |
|
|
|
1,462,365 |
|
| Liability for TOB Trust Certificates, Including
Interest Expense and Fees Payable —
(20.9)% |
|
|
|
(12,822,412 |
) |
| VRDP Shares, at Liquidation Value, Net of Deferred Offering Costs — (48.1)% |
|
|
|
(29,462,167 |
) |
|
|
|
|
|
|
|
|
|
| Net Assets Applicable to Common Shares — 100.0% |
|
|
$ |
61,253,847 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 2018 |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) |
| (a) |
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. |
| (b) |
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. |
| (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) |
Annualized 7-day yield as of period end. |
| (e) |
During the period ended October 31, 2018, investments in issuers considered to be affiliates of the Fund for purposes
of Section 2(3) of the Investment Company Act of 1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affiliate |
|
Shares
Held at
07/31/2018 |
|
|
Net
Activity |
|
|
Shares
Held at
10/31/18 |
|
|
Value at
10/31/18 |
|
|
Income |
|
|
Net
Realized
Gain (Loss) (a) |
|
|
Change in
Unrealized
Appreciation
(Depreciation) |
|
| BlackRock Liquidity Funds New York Money Fund Portfolio |
|
|
— |
|
|
|
63,886 |
|
|
|
63,886 |
|
|
$ |
63,886 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
| BlackRock Liquidity Funds, MuniCash, Institutional Class |
|
|
1,061,194 |
|
|
|
(1,061,194 |
) |
|
|
— |
|
|
|
— |
|
|
|
1,876 |
|
|
|
9 |
|
|
|
(115 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
63,886 |
|
|
$ |
1,876 |
|
|
$ |
9 |
|
|
$ |
(115 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(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.
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.
PILOT — Payment in Lieu of
Taxes
RB — Revenue Bonds
SONYMA — State of New York Mortgage Agency
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 2018 |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) |
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 |
|
|
10 |
|
|
|
12/19/18 |
|
|
$ |
1,184 |
|
|
$ |
9,219 |
|
| Long U.S. Treasury Bond |
|
|
6 |
|
|
|
12/19/18 |
|
|
|
829 |
|
|
|
14,924 |
|
| 5-Year U.S. Treasury Note |
|
|
8 |
|
|
|
12/31/18 |
|
|
|
899 |
|
|
|
5,652 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
29,795 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 quoted prices 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 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 Fund’s policy regarding valuation of investments and
derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its annual report.
|
|
|
| Schedule of Investments (unaudited) (continued)
October 31, 2018 |
|
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) |
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) |
|
$ |
— |
|
|
$ |
102,012,175 |
|
|
$ |
— |
|
|
$ |
102,012,175 |
|
| Short-Term Securities |
|
|
63,886 |
|
|
|
— |
|
|
|
— |
|
|
|
63,886 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
63,886 |
|
|
$ |
102,012,175 |
|
|
$ |
— |
|
|
$ |
102,076,061 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Financial Instruments
(b) |
|
| Assets: |
|
| Interest rate contracts |
|
$ |
29,795 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
29,795 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(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. |
|
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 October 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 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 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 Muni New York Intermediate Duration Fund, Inc. |
|
|
| Date: December 19, 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: December 19, 2018 |
|
|