UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21346
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: Anne F. Ackerley, Chief Executive Officer, BlackRock Muni
New York Intermediate Duration Fund, Inc., 55 East 52nd Street, New York, NY 10055.
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 07/31/2010
Date of reporting period: 04/30/2010
Item 1 Schedule of Investments
Schedule of Investments April 30, 2010 (Unaudited)
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
(Percentages shown are based on Net Assets)
Par | |||
Municipal Bonds | (000) | Value | |
New York 118.6% | |||
Corporate 13.8% | |||
Jefferson County Industrial Development | |||
Agency New York, Refunding RB, Solid | |||
Waste, Series A, AMT, 5.20%, | |||
12/01/20 | $ 500 | $ 490,415 | |
New York City Industrial Development | |||
Agency, RB, AMT: | |||
1990 American Airlines Inc. Project, | |||
5.40%, 7/01/20 | 1,500 | 1,188,510 | |
British Airways Plc Project, 7.63%, | |||
12/01/32 | 1,000 | 988,760 | |
Continental Airlines Inc. Project, | |||
8.38%, 11/01/16 | 1,000 | 981,500 | |
New York City Industrial Development | |||
Agency, Refunding RB, Terminal One | |||
Group Association Project, AMT: | |||
5.50%, 1/01/18 | 1,000 | 1,048,970 | |
5.50%, 1/01/24 | 1,000 | 1,017,930 | |
New York State Energy Research & | |||
Development Authority, RB, Lilco | |||
Project, Series A (NPFGC), 5.15%, | |||
3/01/16 | 1,000 | 1,003,550 | |
New York State Energy Research & | |||
Development Authority, Refunding RB: | |||
Brooklyn Union Gas/Keyspan, | |||
Series A, AMT (FGIC), 4.70%, | |||
2/01/24 | 500 | 495,470 | |
Rochester Gas & Electric Corp., | |||
Series C (NPFGC), 5.00%, 8/01/32 | 1,000 | 1,036,400 | |
8,251,505 | |||
County/City/Special District/School District 17.7% | |||
City of New York New York, GO: | |||
Series J, 5.50%, 6/01/13 (a) | 500 | 567,925 | |
Series J (NPFGC), 5.25%, 5/15/18 | 1,500 | 1,661,745 | |
Sub-Series F-1 (Syncora), 5.00%, | |||
9/01/22 | 1,000 | 1,067,400 | |
Sub-Series I-1, 5.50%, 4/01/21 | 1,500 | 1,720,050 | |
Sub-Series I-1, 5.13%, 4/01/25 | 750 | 816,270 | |
New York City Industrial Development | |||
Agency, RB, Queens Baseball | |||
Stadium, PILOT (AMBAC), 5.00%, | |||
1/01/31 | 1,500 | 1,378,440 | |
New York City Industrial Development | |||
Agency, Refunding RB, New York | |||
Stock Exchange Project, Series A, | |||
4.25%, 5/01/24 | 500 | 496,870 | |
Portfolio Abbreviations |
Par | |||
Municipal Bonds | (000) | Value | |
New York (continued) | |||
County/City/Special District/School District (concluded) | |||
New York City Transitional Finance | |||
Authority, RB: | |||
Fiscal 2007, Series S-1 (NPFGC), | |||
5.00%, 7/15/24 | $ 500 | $ 534,565 | |
Fiscal 2009, Series S-3, 5.00%, | |||
1/15/23 | 575 | 620,804 | |
New York State Dormitory Authority, | |||
Refunding RB, Consolidated Service | |||
Contract, Series A, 4.00%, 7/01/25 | 750 | 729,975 | |
United Nations Development Corp. New | |||
York, Refunding RB, Series A, 4.25%, | |||
7/01/24 | 1,000 | 1,002,210 | |
10,596,254 | |||
Education 15.0% | |||
Dutchess County Industrial | |||
Development Agency New York, | |||
Refunding RB, Bard College Civic | |||
Facility, Series A-1, 5.00%, 8/01/22 | 750 | 759,960 | |
Nassau County Industrial Development | |||
Agency, Refunding RB, New York | |||
Institute of Technology Project, | |||
Series A, 5.00%, 3/01/21 | 1,000 | 1,023,740 | |
New York City Industrial Development | |||
Agency, RB, Lycee Francais de New | |||
York Project, Series A (ACA), 5.50%, | |||
6/01/15 | 500 | 530,995 | |
New York City Industrial Development | |||
Agency, Refunding RB, Polytechnic | |||
University Project (ACA), 4.70%, | |||
11/01/22 | 1,000 | 919,850 | |
New York State Dormitory Authority, RB, | |||
Mount Sinai School of Medicine: | |||
5.50%, 7/01/25 | 1,000 | 1,046,830 | |
Series A (NPFGC), 5.15%, 7/01/24 | 250 | 257,453 | |
Schenectady County Industrial | |||
Development Agency, Refunding RB, | |||
Union College Project, 5.00%, | |||
7/01/26 | 1,000 | 1,057,500 | |
St. Lawrence County Industrial | |||
Development Agency New York, RB, | |||
St. Lawrence University, Series A, | |||
5.00%, 10/01/16 | 1,500 | 1,681,395 |
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 following list:
ACA | American Capital Access Corp. | FGIC | Financial Guaranty Insurance Co. |
AGM | Assured Guaranty Municipal Corp. | GO | General Obligation Bonds |
AMBAC | American Municipal Bond Assurance Corp. | LRB | Lease Revenue Bonds |
AMT | Alternative Minimum Tax (subject to) | NPFGC | National Public Finance Guarantee Corp. |
CIFG | CDC IXIS Financial Guaranty | PILOT | Payment in Lieu of Taxes |
ERB | Education Revenue Bonds | RB | Revenue Bonds |
SONYMA | State of New York Mortgage Agency |
BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC.
APRIL 30, 2010
1
Schedule of Investments (continued)
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
(Percentages shown are based on Net Assets)
Par | |||
Municipal Bonds | (000) | Value | |
New York (continued) | |||
Education (concluded) | |||
Suffolk County Industrial Development | |||
Agency, Refunding RB, New York | |||
Institute of Technology Project, 5.25%, | |||
3/01/21 | $ 600 | $ 612,192 | |
Trust for Cultural Resources, RB: | |||
Carnegie Hall, Series A, 5.00%, | |||
12/01/29 | 750 | 784,260 | |
Museum of American Folk Art (ACA), | |||
6.13%, 7/01/30 | 500 | 275,415 | |
8,949,590 | |||
Health 21.3% | |||
Dutchess County Industrial | |||
Development Agency New York, RB, | |||
St. Francis Hospital, Series B, 7.25%, | |||
3/01/19 | 355 | 359,061 | |
Erie County Industrial Development | |||
Agency, RB, Episcopal Church Home, | |||
Series A, 5.88%, 2/01/18 | 1,690 | 1,690,760 | |
Genesee County Industrial Development | |||
Agency New York, Refunding RB, | |||
United Memorial Medical Center | |||
Project, 4.75%, 12/01/14 | 335 | 333,895 | |
New York City Industrial Development | |||
Agency, RB, PSCH Inc. Project, 6.20%, | |||
7/01/20 | 1,415 | 1,322,714 | |
New York State Dormitory Authority, RB: | |||
NYU Hospital Center, Series B, | |||
5.25%, 7/01/24 | 480 | 495,586 | |
New York State Association for | |||
Retarded Children, Inc., Series A, | |||
5.30%, 7/01/23 | 450 | 475,389 | |
North Shore-Long Island Jewish | |||
Health System, Series A, 5.25%, | |||
5/01/25 | 780 | 791,310 | |
New York State Dormitory Authority, | |||
Refunding RB: | |||
Lenox Hill Hospital Obligation | |||
Group, 5.75%, 7/01/17 | 1,305 | 1,316,771 | |
NYU Hospital Center, Series A, | |||
5.00%, 7/01/16 | 1,130 | 1,201,337 | |
North Shore-Long Island Jewish | |||
Health System, Series E, 5.00%, | |||
5/01/22 | 650 | 671,411 | |
Saratoga County Industrial Development | |||
Agency New York, Refunding RB, The | |||
Saratoga Hospital Project, Series A | |||
(Radian): | |||
4.38%, 12/01/13 | 365 | 382,126 | |
4.50%, 12/01/14 | 380 | 395,306 | |
Suffolk County Industrial Development | |||
Agency New York, Refunding RB, | |||
Jeffersons Ferry Project, 4.63%, | |||
11/01/16 | 800 | 796,672 |
Par | |||
Municipal Bonds | (000) | Value | |
New York (continued) | |||
Health (concluded) | |||
Tompkins County Industrial | |||
Development Agency New York, | |||
Refunding RB, Continuing Care | |||
Retirement Community, Kendal at | |||
Ithaca Project, Series A-2: | |||
5.75%, 7/01/18 | $ 250 | $ 250,165 | |
6.00%, 7/01/24 | 1,000 | 1,000,310 | |
Westchester County Industrial | |||
Development Agency New York, RB, | |||
Special Needs Facilities Pooled | |||
Program, Series D-1, 6.80%, 7/01/19 | 515 | 506,003 | |
Yonkers Industrial Development Agency | |||
New York, RB, Sacred Heart | |||
Associations Project, Series A, AMT | |||
(SONYMA), 4.80%, 10/01/26 | 750 | 718,710 | |
12,707,526 | |||
Housing 12.9% | |||
New York City Housing Development | |||
Corp., RB, The Animal Medical Center, | |||
Series A, 5.50%, 12/01/33 | 1,615 | 1,617,681 | |
New York Mortgage Agency, Refunding | |||
RB, AMT: | |||
Homeowner Mortgage, Series 130, | |||
4.75%, 10/01/30 | 2,500 | 2,426,725 | |
Series 133, 4.95%, 10/01/21 | 1,000 | 1,014,340 | |
Series 143, 4.85%, 10/01/27 | 500 | 483,980 | |
New York State Urban Development | |||
Corp., RB, Subordinate Lien, | |||
Corporate Purpose, Series A, 5.13%, | |||
7/01/19 | 2,000 | 2,146,640 | |
7,689,366 | |||
State 14.9% | |||
New York Municipal Bond Bank Agency, | |||
RB, Series C, 5.25%, 12/01/18 | 2,000 | 2,158,980 | |
New York State Dormitory Authority, | |||
ERB, Series F, 5.00%, 3/15/30 | 1,290 | 1,344,825 | |
New York State Dormitory Authority, | |||
LRB, Municipal Health Facilities, | |||
Sub-Series 2-4, 5.00%, 1/15/27 | 600 | 624,474 | |
New York State Dormitory Authority, | |||
Refunding RB, Department of Health, | |||
Series A (CIFG), 5.00%, 7/01/25 | 1,500 | 1,540,425 | |
New York State Thruway Authority, | |||
Refunding RB, Series A-1, 5.00%, | |||
4/01/22 | 1,000 | 1,109,600 | |
New York State Urban Development | |||
Corp., RB, State Personal Income Tax, | |||
State Facilities, Series A-1 (NPFGC), | |||
5.00%, 3/15/24 | 485 | 515,477 | |
New York State Urban Development | |||
Corp., Refunding RB, Service Contract, | |||
Series B, 5.00%, 1/01/21 | 1,500 | 1,622,040 | |
8,915,821 |
2
BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC.
APRIL 30, 2010
Schedule of Investments (continued)
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
(Percentages shown are based on Net Assets)
Par | |||
Municipal Bonds | (000) | Value | |
New York (concluded) | |||
Tobacco 1.8% | |||
Tobacco Settlement Financing Corp. | |||
New York, RB, Asset-Backed, | |||
Series B-1C, 5.50%, 6/01/22 | $ 1,000 | $ 1,077,870 | |
Transportation 12.6% | |||
Metropolitan Transportation Authority, | |||
RB (NPFGC): | |||
Series A, 5.00%, 11/15/24 | 2,000 | 2,123,540 | |
Series B, 5.25%, 11/15/19 | 860 | 959,958 | |
Metropolitan Transportation Authority, | |||
Refunding RB: | |||
Series A (NPFGC), 5.00%, | |||
11/15/25 | 3,000 | 3,079,080 | |
Series B, 5.25%, 11/15/25 | 750 | 822,495 | |
Port Authority of New York & New Jersey, | |||
Refunding RB, Consolidated, 152nd | |||
Series, AMT, 5.00%, 11/01/23 | 500 | 513,265 | |
7,498,338 | |||
Utilities 8.6% | |||
Long Island Power Authority, Refunding | |||
RB: | |||
General, Series D (NPFGC), 5.00%, | |||
9/01/25 | 4,000 | 4,149,120 | |
Series A, 5.50%, 4/01/24 | 875 | 960,225 | |
5,109,345 | |||
Total Municipal Bonds in New York | 70,795,615 | ||
Guam 4.3% | |||
County/City/Special District/School District 0.6% | |||
Territory of Guam, RB, Section 30, | |||
Series A, 5.38%, 12/01/24 | 325 | 329,234 | |
State 0.3% | |||
Territory of Guam, GO, Series A, 6.00%, | |||
11/15/19 | 185 | 191,514 | |
Transportation 1.7% | |||
Guam International Airport Authority, | |||
Refunding RB, General, Series C, | |||
AMT (NPFGC), 5.25%, 10/01/22 | 1,000 | 1,000,020 | |
Utilities 1.7% | |||
Guam Government Waterworks | |||
Authority, Refunding RB, Water, | |||
6.00%, 7/01/25 | 1,000 | 1,021,690 | |
Total Municipal Bonds in Guam | 2,542,458 | ||
Puerto Rico 19.4% | |||
Education 0.8% | |||
Puerto Rico Industrial Tourist | |||
Educational Medical & Environmental | |||
Control Facilities Financing Authority, | |||
RB, University Plaza Project, | |||
Series A (NPFGC), 5.00%, 7/01/33 | 500 | 487,900 |
Par | |||
Municipal Bonds | (000) | Value | |
Puerto Rico (concluded) | |||
Housing 3.3% | |||
Puerto Rico Housing Finance Authority, | |||
Refunding RB, Subordinate, Capital | |||
Fund Modernization, 5.13%, | |||
12/01/27 | $ 2,000 | $ 1,996,460 | |
State 6.2% | |||
Commonwealth of Puerto Rico, GO, | |||
Public Improvement, Series A, 5.25%, | |||
7/01/16 (a) | 615 | 722,643 | |
Commonwealth of Puerto Rico, GO, | |||
Refunding, Public Improvement: | |||
Series A (NPFGC), 5.50%, 7/01/21 | 1,000 | 1,064,800 | |
Series A-4 (AGM), 5.25%, 7/01/30 | 350 | 364,193 | |
Puerto Rico Municipal Finance Agency, | |||
GO, Series A, 5.25%, 8/01/25 | 1,000 | 1,012,260 | |
Puerto Rico Public Buildings Authority, | |||
Refunding RB, Government Facilities, | |||
Series M-3 (NPFGC), 6.00%, 7/01/28 | 500 | 525,965 | |
3,689,861 | |||
Transportation 9.1% | |||
Puerto Rico Highway & Transportation | |||
Authority, RB: | |||
Series Y (AGM), 6.25%, 7/01/21 | 3,000 | 3,346,800 | |
Subordinate (FGIC), 5.75%, | |||
7/01/21 | 2,000 | 2,057,160 | |
5,403,960 | |||
Total Municipal Bonds in Puerto Rico | 11,578,181 | ||
U.S. Virgin Islands 3.3% | |||
Corporate 1.6% | |||
United States Virgin Islands, Refunding | |||
RB, Senior Secured, Hovensa Coker | |||
Project, AMT, 6.50%, 7/01/21 | 500 | 506,520 | |
Virgin Islands Public Finance Authority, | |||
RB, Senior Secured, Hovensa | |||
Refinery, AMT, 4.70%, 7/01/22 | 500 | 454,010 | |
960,530 | |||
State 1.7% | |||
Virgin Islands Public Finance Authority, | |||
RB, Senior Lien, Matching Fund Loan | |||
Note, Series A, 5.25%, 10/01/24 | 1,000 | 1,014,510 | |
Total Municipal Bonds in the U.S. Virgin Islands | 1,975,040 | ||
Total Municipal Bonds 145.6% | 86,891,294 |
BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC.
APRIL 30, 2010
3
Schedule of Investments (concluded)
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE)
(Percentages shown are based on Net Assets)
Municipal Bonds Transferred to Tender | Par | |
Option Bond Trusts (b) | (000) | Value |
New York 1.4% | ||
County/City/Special District/School District 1.4% | ||
City of New York New York, GO, | ||
Sub-Series B-1, 5.25%, 9/01/22 | $ 750 | $ 833,438 |
Total Municipal Bonds Transferred to | ||
Tender Option Bond Trusts 1.4% | 833,438 | |
Total Long-Term Investments | ||
(Cost $85,735,143) 147.0% 87,724,732 | ||
Short-Term Securities | Shares | |
CMA New York Municipal Money Fund, | ||
0.00% (c)(d) | 796,613 | 796,613 |
Total Short-Term Securities | ||
(Cost $796,613) 1.4% | 796,613 | |
Total Investments | ||
(Cost $86,531,756*) 148.4% | 88,521,345 | |
Other Assets Less Liabilities 1.9% | 1,156,614 | |
Liability for Trust Certificates, Including Interest | ||
Expense and Fees Payable (0.6)% | (375,144) | |
Preferred Shares, at Redemption Value (49.7)% | (29,633,767) | |
Net Assets Applicable to Common Shares 100.0% $ | 59,669,048 |
* The cost and unrealized appreciation (depreciation) of investments as of
April 30, 2010, as computed for federal income tax purposes, were as
Aggregate follows: cost | $ 86,156,756 |
Gross unrealized appreciation | $ 2,822,364 |
Gross unrealized depreciation | (832,775) |
Net unrealized appreciation | $ 1,989,589 |
(a) 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.
(b) Securities represent bonds transferred to a tender option bond trust in
exchange for which the Fund acquired residual interest certificates.
These securities serve as collateral in a financing transaction.
(c) Investments in companies considered to be an affiliate of the Fund
during the period, for purposes of Section 2(a)(3) of the Investment
Company Act of 1940, were as follows:
Shares Held | Shares Held | |||
at July 31, | at April 30, | |||
Affiliate | 2009 | Net Activity | 2010 | Income |
CMA New York | ||||
Municipal Money | ||||
Fund | 1,737,841 | (941,228) | 796,613 | $119 |
(d) Represents the current yield as of report date.
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
assets and liabilities
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)
The inputs or methodologies used for valuing securities are not necessarily
an indication of the risk associated with investing in those securities. For
information about the Fund's policy regarding valuation of investments and
other significant accounting policies, please refer to the Funds most recent
financial statements as contained in its semi-annual report.
The following table summarizes the inputs used as of April 30, 2010 in
determining the fair valuation of the Fund's investments:
Investments in Securities | ||||
| ||||
Valuation Inputs | Level 1 | Level 2 | Level 3 | Total |
Assets: | ||||
Long-Term | ||||
Investments1 | | $ 87,724,732 | | $ 87,724,732 |
Short-Term | ||||
Securities | $ 796,613 | | | 796,613 |
Total | $ 796,613 | $ 87,724,732 | | $ 88,521,345 |
1 See above Schedule of Investments for values in each sector.
4
BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, INC.
APRIL 30, 2010
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 13(a)-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/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer of
BlackRock Muni New York Intermediate Duration Fund, Inc.
Date: June 28, 2010
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/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer (principal executive officer) of
BlackRock Muni New York Intermediate Duration Fund, Inc.
Date: June 28, 2010
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 28, 2010