UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21037
Name of Fund: BlackRock New York Municipal Bond Trust (BQH)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock New
York Municipal Bond Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing
address: P.O. Box 9011, Princeton, NJ, 08543-9011
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 08/31/2009
Date of reporting period: 05/31/2009
Item 1 Schedule of Investments
BlackRock New York Municipal Bond Trust | ||||
Schedule of Investments May 31, 2009 (Unaudited) | (Percentages shown are based on Net Assets) | |||
Par | ||||
Municipal Bonds | (000) | Value | ||
New York - 128.0% | ||||
Corporate - 11.5% | Essex County, New York, IDA, Environmental Improvement | |||
Revenue Bonds (International Paper Company Project), AMT, | ||||
Series A, 6.625%, 9/01/32 | $ 100 | $ 82,688 | ||
New York City, New York, City IDA, Special Facility Revenue | ||||
Bonds (American Airlines, Inc. - JFK International Airport), | ||||
AMT, 7.625%, 8/01/25 | 750 | 692,752 | ||
New York City, New York, City IDA, Special Facility Revenue | ||||
Bonds (Continental Airlines Inc. Project), AMT, | ||||
7.75%, 8/01/31 | 1,000 | 925,520 | ||
Port Authority of New York and New Jersey, Special Obligation | ||||
Revenue Bonds (Continental Airlines, Inc. - LaGuardia Project), | ||||
AMT, 9.125%, 12/01/15 | 2,340 | 2,341,966 | ||
Suffolk County, New York, IDA, IDR (Keyspan-Port Jefferson), | ||||
AMT, 5.25%, 6/01/27 | 500 | 439,050 | ||
4,481,976 | ||||
County/City/Special | Hudson Yards Infrastructure Corporation, New York, Revenue | |||
District/School District - 20.0% | Bonds, Series A, 4.50%, 2/15/47 (a) | 1,000 | 804,420 | |
Hudson Yards Infrastructure Corporation, New York, Revenue | ||||
Bonds, Series A, 5%, 2/15/47 (b) | 500 | 423,700 | ||
New York City, New York, City Health and Hospital | ||||
Corporation, Health System Revenue Bonds, Series A, | ||||
5.375%, 2/15/26 | 1,100 | 1,109,691 | ||
New York City, New York, City IDA, PILOT Revenue Bonds | ||||
(Queens Baseball Stadium Project), 5%, 1/01/39 (c) | 250 | 204,910 | ||
New York City, New York, City IDA, PILOT Revenue Bonds | ||||
(Queens Baseball Stadium Project), 6.375%, 1/01/39 (d) | 100 | 109,657 | ||
New York City, New York, City IDA, PILOT Revenue Bonds | ||||
(Queens Baseball Stadium Project), 5%, 1/01/46 (c) | 150 | 119,053 | ||
New York City, New York, City IDA, PILOT Revenue Bonds | ||||
(Yankee Stadium Project), 5%, 3/01/46 (b) | 500 | 396,650 | ||
New York City, New York, City Transitional Finance Authority, | ||||
Building Aid Revenue Bonds, Series S-3, | ||||
5.25%, 1/15/39 | 500 | 489,665 | ||
New York City, New York, City Transitional Finance Authority, | ||||
Building Aid Revenue Refunding Bonds, | ||||
Series S-1, 4.50%, 1/15/38 | 250 | 216,080 | ||
New York City, New York, GO, Series A-1, 4.75%, 8/15/25 | 500 | 500,630 | ||
Portfolio Abbreviations |
To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many
of the securities have been abbreviated according to the list below.
AMT | Alternative Minimum Tax (subject to) | IDR | Industrial Development Revenue Bonds |
CABS | Capital Appreciation Bonds | M/F | Multi-Family |
GO | General Obligation Bonds | PILOT | Payment in Lieu of Taxes |
HFA | Housing Finance Authority | TFABS | Tobacco Flexible Amortization Bonds |
IDA | Industrial Development Authority |
1
BlackRock New York Municipal Bond Trust | ||||
Schedule of Investments May 31, 2009 (Unaudited) | (Percentages shown are based on Net Assets) | |||
Par | ||||
Municipal Bonds | (000) | Value | ||
New York City, New York, GO, Series D, 5.375%, 6/01/32 | $ 2,040 | $ 2,062,807 | ||
New York City, New York, GO, Sub-Series I-1, | ||||
5.375%, 4/01/36 | 450 | 463,311 | ||
New York Convention Center Development Corporation, New | ||||
York, Revenue Bonds (Hotel Unit Fee Secured), | ||||
5%, 11/15/44 (c) | 1,000 | 885,780 | ||
7,786,354 | ||||
Education - 21.9% | Albany, New York, IDA, Civic Facility Revenue Bonds (New | |||
Covenant Charter School Project), Series A, 7%, 5/01/25 | 200 | 135,340 | ||
Albany, New York, IDA, Civic Facility Revenue Bonds (New | ||||
Covenant Charter School Project), Series A, 7%, 5/01/35 | 130 | 81,717 | ||
Dutchess County, New York, IDA, Civic Facility Revenue Bonds | ||||
(Vassar College Project), 5.35%, 8/01/11 (e) | 1,000 | 1,103,240 | ||
Dutchess County, New York, IDA, Civic Facility Revenue | ||||
Refunding Bonds (Bard College), Series A-2, 4.50%, 8/01/36 | 500 | 344,810 | ||
New York City, New York, City IDA, Civic Facility Revenue | ||||
Refunding Bonds (Polytechnic University), | ||||
5.25%, 11/01/37 (f) | 250 | 198,897 | ||
New York City, New York, GO, Sub-Series J-1, | ||||
4.50%, 5/15/30 | 125 | 117,370 | ||
New York City, New York, IDA, Civic Facility Revenue Bonds | ||||
(Lycee Francais de New York Project), | ||||
Series A, 5.50%, 6/01/15 (f) | 250 | 241,820 | ||
New York City, New York, Trust for Cultural Resources Revenue | ||||
Bonds (The Julliard School), Series A, 5%, 1/01/39 | 550 | 557,084 | ||
New York Liberty Development Corporation Revenue Bonds | ||||
(National Sports Museum Project), Series A, | ||||
6.125%, 2/15/19 (g)(h) | 385 | 385 | ||
New York State Dormitory Authority, Consolidated Fourth | ||||
General Resolution Revenue Bonds (City University System), | ||||
Series A, 5.25%, 7/01/11 (e) | 2,215 | 2,410,075 | ||
New York State Dormitory Authority, Non-State Supported Debt | ||||
Revenue Bonds (Manhattan College), Series B, | ||||
5.30%, 7/01/37 (i) | 200 | 163,896 | ||
New York State Dormitory Authority, Non-State Supported Debt | ||||
Revenue Bonds (Rochester Institute of Technology), Series A, | ||||
6%, 7/01/33 | 325 | 342,661 | ||
New York State Dormitory Authority, Non-State Supported | ||||
Debt, Revenue Refunding Bonds (Mount Sinai School of | ||||
Medicine of New York University), 5%, 7/01/35 (a) | 150 | 145,111 | ||
New York State Dormitory Authority, Non-State Supported | ||||
Debt, Revenue Refunding Bonds (Teachers College), | ||||
5.50%, 3/01/39 | 350 | 356,528 | ||
New York State Dormitory Authority Revenue Bonds (Iona | ||||
College), 5.125%, 7/01/32 (j) | 2,500 | 2,362,525 | ||
8,561,459 |
2
BlackRock New York Municipal Bond Trust | ||||
Schedule of Investments May 31, 2009 (Unaudited) | (Percentages shown are based on Net Assets) | |||
Par | ||||
Municipal Bonds | (000) | Value | ||
Health - 3.5% | Genesee County, New York, IDA, Civic Facility Revenue | |||
Refunding Bonds (United Memorial Medical Center Project), | ||||
5%, 12/01/27 | $ 150 | $ 95,727 | ||
New York State Dormitory Authority, Non-State Supported Debt | ||||
Revenue Bonds (New York University Hospitals Center), Series | ||||
B, 5.625%, 7/01/37 | 260 | 227,474 | ||
New York State Dormitory Authority, Non-State Supported Debt | ||||
Revenue Bonds (Presbyterian Hospital of New York), 5.25%, | ||||
2/15/31 (k)(l) | 425 | 429,594 | ||
New York State Dormitory Authority Revenue Bonds (Hudson | ||||
Valley Hospital Center), 5%, 8/15/36 (k)(l)(m) | 250 | 251,153 | ||
Saratoga County, New York, IDA, Civic Facility Revenue Bonds | ||||
(The Saratoga Hospital Project), Series B, | ||||
5.25%, 12/01/32 | 200 | 166,322 | ||
Suffolk County, New York, IDA, Continuing Care and | ||||
Retirement, Revenue Refunding Bonds (Jeffersons Ferry | ||||
Project), 5%, 11/01/28 | 260 | 199,753 | ||
1,370,023 | ||||
Housing - 7.3% | New York City, New York, City Housing Development | |||
Corporation, M/F Housing Revenue Bonds, AMT, Series A, | ||||
5.50%, 11/01/34 | 2,500 | 2,404,000 | ||
New York State, HFA, M/F Housing Revenue Bonds (Highland | ||||
Avenue Senior Apartments), AMT, Series A, | ||||
5%, 2/15/39 | 500 | 431,010 | ||
2,835,010 | ||||
State - 23.5% | New York State Dormitory Authority, Non-State Supported | |||
Debt, Lease Revenue Bonds (Municipal Health Facilities | ||||
Improvement Program), Sub-Series 2-4, 4.75%, 1/15/30 | 500 | 477,185 | ||
New York State Dormitory Authority, Non-State Supported | ||||
Debt, Revenue Refunding Bonds (School District Financing | ||||
Program), Series B, 5%, 4/01/36 (l) | 500 | 492,700 | ||
New York State Dormitory Authority, State Personal Income | ||||
Tax Revenue Bonds (Education), Series A, 5%, 3/15/38 | 125 | 125,375 | ||
New York State Dormitory Authority, State Personal Income | ||||
Tax Revenue Bonds (Education), Series B, 5.75%, 3/15/36 | 300 | 322,281 | ||
New York State Dormitory Authority, State Supported Debt | ||||
Revenue Bonds (Mental Health Services Facilities), Series A, | ||||
5%, 2/15/22 (l) | 335 | 350,169 | ||
New York State Dormitory Authority, State Supported Debt | ||||
Revenue Bonds (Mental Health Services Facilities), Series B, | ||||
5%, 2/15/33 (l) | 350 | 349,492 | ||
New York State, GO, Series A, 5%, 2/15/39 | 500 | 505,720 | ||
New York State Urban Development Corporation, Personal | ||||
Income Tax Revenue Bonds, Series A, 5.25%, 3/15/12 (e) | 5,000 | 5,536,700 |
3
BlackRock New York Municipal Bond Trust | ||||
Schedule of Investments May 31, 2009 (Unaudited) | (Percentages shown are based on Net Assets) | |||
Par | ||||
Municipal Bonds | (000) | Value | ||
New York State Urban Development Corporation, Personal | ||||
Income Tax Revenue Bonds, Series B, 5%, 3/15/37 | $ 1,000 | $ 1,005,050 | ||
9,164,672 | ||||
Tobacco - 8.7% | New York Counties Tobacco Trust III, Tobacco Settlement Pass- | |||
Through Bonds, 6%, 6/01/43 | 1,445 | 1,155,422 | ||
TSASC, Inc., New York, TFABS, Series 1, 5.75%, | ||||
7/15/12 (e) | 2,000 | 2,262,680 | ||
3,418,102 | ||||
Transportation - 16.2% | Metropolitan Transportation Authority, New York, Dedicated | |||
Tax Fund Revenue Bonds, Series A, 5.625%, 11/15/39 | 250 | 259,957 | ||
Metropolitan Transportation Authority, New York, Dedicated | ||||
Tax Fund Revenue Bonds, Series B, 5%, 11/15/34 | 250 | 249,280 | ||
Metropolitan Transportation Authority, New York, Revenue | ||||
Bonds, Series B, 4.50%, 11/15/37 | 250 | 215,205 | ||
Metropolitan Transportation Authority, New York, Revenue | ||||
Bonds, Series C, 6.50%, 11/15/28 | 500 | 553,590 | ||
Metropolitan Transportation Authority, New York, Revenue | ||||
Refunding Bonds, Series A, 5.125%, 11/15/31 | 2,500 | 2,462,250 | ||
Port Authority of New York and New Jersey, Consolidated | ||||
Revenue Bonds, AMT, 126th Series, 5.25%, 5/15/37 (a)(b) | 2,750 | 2,588,878 | ||
6,329,160 | ||||
Utilities - 15.4% | Long Island Power Authority, New York, Electric System | |||
Revenue Bonds, Series C, 5.25%, 9/01/29 (n) | 500 | 511,270 | ||
Long Island Power Authority, New York, Electric System | ||||
Revenue Refunding Bonds, Series A, 5.50%, 4/01/24 | 250 | 268,242 | ||
Long Island Power Authority, New York, Electric System | ||||
Revenue Refunding Bonds, Series A, 6.25%, 4/01/33 | 100 | 111,282 | ||
New York City, New York, City Municipal Water Finance | ||||
Authority, Second General Resolution, Water and Sewer System | ||||
Revenue Bonds, Series AA, 4.50%, 6/15/37 (a) | 250 | 228,093 | ||
New York City, New York, City Municipal Water Finance | ||||
Authority, Second General Resolution, Water and Sewer | ||||
System, Revenue Refunding Bonds, Series DD, | ||||
4.75%, 6/15/35 | 750 | 716,535 | ||
New York City, New York, City Municipal Water Finance | ||||
Authority, Water and Sewer System Revenue Bonds, Series A, | ||||
5.25%, 6/15/11 (b)(e) | 2,500 | 2,718,475 | ||
New York City, New York, City Municipal Water Finance | ||||
Authority, Water and Sewer System Revenue Bonds, Series A, | ||||
5.75%, 6/15/40 | 400 | 428,972 | ||
New York State Environmental Facilities Corporation, State | ||||
Clean Water and Drinking Revenue Refunding Bonds (New York | ||||
City Water Project), Series D, 5.125%, 6/15/31 | 1,000 | 1,013,600 | ||
5,996,469 | ||||
Total Municipal Bonds in New York | 49,943,225 |
4
BlackRock New York Municipal Bond Trust | ||||
Schedule of Investments May 31, 2009 (Unaudited) | (Percentages shown are based on Net Assets) | |||
Par | ||||
Municipal Bonds | (000) | Value | ||
Guam - 1.1% | ||||
Tobacco - 0.4% | Guam Economic Development and Commerce Authority, | |||
Tobacco Settlement Asset-Backed Revenue Refunding | ||||
Bonds, 5.625%, 6/01/47 | $ 200 | $ 146,348 | ||
Utilities - 0.7% | Guam Government Waterworks Authority, Water and | |||
Wastewater System, Revenue Refunding Bonds, | ||||
5.875%, 7/01/35 | 350 | 283,419 | ||
Total Municipal Bonds in Guam | 429,767 | |||
Multi-State - 7.0% | ||||
Housing - 7.0% | Charter Mac Equity Issuer Trust, 7.20%, 10/31/52 (o)(p) | 2,500 | 2,716,275 | |
Total Municipal Bonds in Multi-State | 2,716,275 | |||
Puerto Rico - 15.2% | ||||
State - 12.2% | Puerto Rico Commonwealth Infrastructure Financing Authority, | |||
Special Tax Revenue Bonds, CABS, Series A, | ||||
4.356%, 7/01/37 (c)(q) | 2,000 | 241,340 | ||
Puerto Rico Commonwealth Infrastructure Financing Authority, | ||||
Special Tax Revenue Bonds, CABS, Series A, | ||||
4.998%, 7/01/44 (c)(q) | 2,000 | 141,520 | ||
Puerto Rico Commonwealth, Public Improvement, GO, | ||||
Series A, 5.125%, 7/01/31 | 1,825 | 1,574,884 | ||
Puerto Rico Public Buildings Authority, Government Facilities | ||||
Revenue Refunding Bonds, Series D, | ||||
5.25%, 7/01/12 (e) | 1,980 | 2,179,287 | ||
Puerto Rico Public Buildings Authority, Government Facilities | ||||
Revenue Refunding Bonds, Series D, | ||||
5.25%, 7/01/27 | 720 | 638,323 | ||
4,775,354 | ||||
Tobacco - 0.9% | Children's Trust Fund Project of Puerto Rico, Tobacco | |||
Settlement Revenue Refunding Bonds, 5.625%, 5/15/43 | 500 | 365,905 | ||
Transportation - 2.1% | Puerto Rico Commonwealth Highway and Transportation | |||
Authority, Transportation Revenue Refunding Bonds, | ||||
Series D, 5.25%, 7/01/12 (e) | 750 | 827,873 | ||
Total Municipal Bonds in Puerto Rico | 5,969,132 | |||
Total Municipal Bonds - 151.4% | 59,058,399 | |||
Municipal Bonds Transferred to | ||||
Tender Option Bond Trusts (r) | ||||
New York - 6.4% | ||||
Housing - 6.4% | New York State Mortgage Agency Revenue Bonds, AMT, | |||
Series 101, 5.40%, 4/01/32 | 2,557 | 2,478,773 | ||
Total Municipal Bonds Transferred to | ||||
Tender Option Bond Trusts - 6.4% | 2,478,773 | |||
Total Long-Term Investments (Cost - $62,167,142) - 157.7% | 61,537,172 |
5
BlackRock New York Municipal Bond Trust | ||||
Schedule of Investments May 31, 2009 (Unaudited) | (Percentages shown are based on Net Assets) | |||
Short-Term Securities | Shares | Value | ||
Money Market Fund - 1.4% | CMA New York Municipal Money | |||
Fund, 0.04% (s)(t) | 537,211 | $ 537,211 | ||
Total Short-Term Securities (Cost - $537,211) - 1.4% | 537,211 | |||
Total Investments (Cost - $62,704,353*) - 159.1% | 62,074,383 | |||
Other Assets Less Liabilities - 1.6% | 626,297 | |||
Liability for Trust Certificates, Including Interest | ||||
Expense and Fees Payable - (3.3)% | (1,280,481) | |||
Preferred Shares, at Redemption Value - (57.4)% | (22,401,777) | |||
Net Assets Applicable to Common Shares - 100.0% | $ 39,018,422 |
* The cost and unrealized appreciation (depreciation) of investments as of May 31, 2009,
as computed for federal income tax purposes, were as follows:
Aggregate cost | $ 61,298,718 |
Gross unrealized appreciation | $ 2,678,685 |
Gross unrealized depreciation | (3,182,237) |
Net unrealized depreciation | $ (503,552) |
(a) NPFGC Insured.
(b) FGIC Insured.
(c) AMBAC Insured.
(d) Assured Guaranty Insured.
(e) US 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.
(f) ACA Insured.
(g) Non-income producing security.
(h) Issuer filed for bankruptcy and/or is in default of interest payments.
(i) Radian Insured.
(j) XL Capital Insured.
(k) FHA Insured.
(l) FSA Insured.
(m) BHAC Insured.
(n) CIFG Insured.
(o) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold
in transactions exempt from registration to qualified institutional investors.
(p) Security 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, and is subject to mandatory redemption at
maturity.
(q) Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.
(r) Securities represent bonds transferred to a tender option bond trust in exchange for which the Trust acquired
residual interest certificates. These securities serve as collateral in a financing transaction.
(s) Represents the current yield as of report date.
(t) Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the
Investment Company Act of 1940, were as follows:
Net | ||
Affiliate | Activity | Income |
CMA New York Municipal Money Fund | (591,383) | $2,260 |
6
BlackRock New York Municipal Bond Trust
Schedule of Investments May 31, 2009 (Unaudited)
The Trust adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157,
"Fair Value Measurements" ("FAS 157"). FAS 157 clarifies the definition of fair value, establishes a framework for
measuring fair values and requires additional disclosures about the use of fair value measurements. Various
inputs are used in determining the fair value of investments, which are as follows:
Level 1 - price quotations in active markets/exchanges for identical securities
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)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with
investing in those securities. For information about the Trust's policy regarding valuation of investments and
other significant accounting policies, please refer to the Trust's most recent financial statements as contained in
its annual report.
The following table summarizes the inputs used as of May 31, 2009 in determining the fair valuation of the
Trust's investments:
Investments in | ||
Valuation Inputs | Securities | |
Assets | ||
Level 1 | $ 537,211 | |
Level 2 | 61,537,172 | |
Level 3 | - | |
Total | $ 62,074,383 |
7
Item 2 Controls and Procedures
2(a) The registrants principal executive and principal financial officers or persons performing
similar functions have concluded that the registrants 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 13(a)-15(b) under the Securities Exchange Act of 1934, as amended.
2(b) There were no changes in the registrants internal control over financial reporting (as
defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrants last fiscal
quarter that have materially affected, or are reasonably likely to materially affect, the
registrants 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 Bond Trust
By: /s/ Donald C. Burke
Donald C. Burke
Chief Executive Officer of
BlackRock New York Municipal Bond Trust
Date: July 15, 2009
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/ Donald C. Burke
Donald C. Burke
Chief Executive Officer (principal executive officer) of
BlackRock New York Municipal Bond Trust
Date: July 15, 2009
By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock New York Municipal Bond Trust
Date: July 15, 2009