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 811-07672

 

Name of Fund: BlackRock New York Investment Quality Municipal Trust, Inc. (RNY)

 

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

 

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock New York Investment Quality Municipal Trust, Inc., 55 East 52 nd Street, New York, NY 10055

 

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

 

Date of fiscal year end: 07/31/2012

 

Date of reporting period: 04/30/2012

 

Item 1 – Schedule of Investments

 


 

 

 

 

Schedule of Investments April 30, 2012 (Unaudited)

BlackRock New York Investment Quality Municipal Trust Inc. (RNY)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York — 127.0%

 

 

 

 

 

 

 

Corporate — 15.1%

 

 

 

 

 

 

 

Chautauqua County Industrial
Development Agency, RB, NRG
Dunkirk Power Project, 5.88%,
4/01/42

 

$

130

 

$

139,078

 

Essex County Industrial Development
Agency New York, RB, International
Paper Co., Series A, AMT, 6.63%,
9/01/32

 

 

100

 

 

109,006

 

Jefferson County Industrial Development
Agency New York, Refunding RB, Solid
Waste, Series A, AMT, 5.20%,
12/01/20

 

 

150

 

 

155,307

 

New York City Industrial Development
Agency, RB, American Airlines Inc.,
JFK International Airport, AMT
(a)(b)(c):

 

 

 

 

 

 

 

7.63%, 8/01/25

 

 

800

 

 

810,976

 

7.75%, 8/01/31

 

 

300

 

 

305,997

 

New York Liberty Development Corp.,
RB, Goldman Sachs Headquarters:

 

 

 

 

 

 

 

5.25%, 10/01/35

 

 

550

 

 

600,908

 

5.50%, 10/01/37

 

 

200

 

 

226,806

 

Port Authority of New York & New Jersey,
RB, Continental Airlines Inc. and
Eastern Air Lines Inc. Project,
LaGuardia, AMT, 9.13%, 12/01/15

 

 

660

 

 

667,194

 

 

 

 

 

 

 

3,015,272

 

County/City/Special District/School District — 39.8%

 

 

 

 

 

 

 

Amherst Development Corp., Refunding
RB, University at Buffalo Foundation
Faculty-Student Housing Corp.,
Series A (AGM):

 

 

 

 

 

 

 

4.38%, 10/01/30

 

 

250

 

 

261,093

 

4.63%, 10/01/40

 

 

275

 

 

286,775

 

Hudson New York Yards Infrastructure
Corp., RB, Series A:

 

 

 

 

 

 

 

5.00%, 2/15/47

 

 

800

 

 

828,168

 

5.75%, 2/15/47

 

 

100

 

 

112,857

 

(NPFGC), 4.50%, 2/15/47

 

 

260

 

 

257,725

 

Monroe County Industrial Development
Corp., Refunding RB, Series A, 5.00%,
7/01/31

 

 

265

 

 

299,487

 

New York City Industrial Development
Agency, RB, PILOT:

 

 

 

 

 

 

 

CAB, Yankee Stadium (AGC), 5.90%,
3/01/35 (d)

 

 

400

 

 

127,984

 

CAB, Yankee Stadium (AGC), 6.24%,
3/01/45 (d)

 

 

445

 

 

78,756

 

Queens Baseball Stadium (AGC),
6.38%, 1/01/39

 

 

100

 

 

112,345

 

Queens Baseball Stadium (AMBAC),
5.00%, 1/01/39

 

 

250

 

 

242,463

 

Yankee Stadium (NPFGC), 5.00%,
3/01/46

 

 

100

 

 

101,393

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

County/City/Special District/School District
(concluded)

 

 

 

 

 

 

 

New York City Transitional Finance
Authority, RB, Fiscal 2009, Series S-3,
5.25%, 1/15/39

 

$

150

 

$

164,814

 

New York Convention Center
Development Corp., RB, Hotel Unit
Fee Secured (AMBAC), 5.00%,
11/15/44

 

 

685

 

 

708,769

 

New York Liberty Development Corp.,
Refunding RB:

 

 

 

 

 

 

 

4 World Trade Center Project,
5.00%, 11/15/31

 

 

250

 

 

276,135

 

4 World Trade Center Project,
5.75%, 11/15/51

 

 

295

 

 

334,857

 

Second Priority, Bank of
America Tower at One
Bryant Park Project, 5.63%,
7/15/47

 

 

1,100

 

 

1,196,943

 

Second Priority, Bank of
America Tower at One
Bryant Park Project, 6.38%,
7/15/49

 

 

100

 

 

111,333

 

New York State Dormitory Authority, RB,
State University Dormitory Facilities,
Series A, 5.00%, 7/01/39

 

 

100

 

 

108,904

 

Saint Lawrence County Industrial
Development Agency, RB, Clarkson
University Project, 6.00%, 9/01/34

 

 

150

 

 

175,467

 

Sales Tax Asset Receivable Corp., RB,
Series A (AMBAC), 5.00%, 10/15/32

 

 

2,000

 

 

2,176,520

 

 

 

 

 

 

 

7,962,788

 

Education — 15.6%

 

 

 

 

 

 

 

Albany Industrial Development Agency,
RB, New Covenant Charter School
Project, Series A (b)(c):

 

 

 

 

 

 

 

7.00%, 5/01/25

 

 

95

 

 

21,849

 

7.00%, 5/01/35

 

 

60

 

 

13,799

 

City of Troy New York, Refunding RB,
Rensselaer Polytechnic, Series A,
5.13%, 9/01/40

 

 

100

 

 

107,682

 

Nassau County Industrial Development
Agency, Refunding RB, New York
Institute of Technology Project,
Series A, 4.75%, 3/01/26

 

 

100

 

 

107,180

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

Convent of the Sacred Heart (AGM),
5.75%, 11/01/40

 

 

150

 

 

175,365

 

Fordham University, Series A,
5.50%, 7/01/36

 

 

50

 

 

56,734

 

Rochester Institute of
Technology, Series A, 6.00%,
7/01/33

 

 

175

 

 

203,611

 

University of Rochester, Series A,
5.13%, 7/01/39

 

 

200

 

 

218,188

 


 

 

 

 

 

 

 

 

 

BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC.

APRIL 30, 2012

1




 

 

 

 

Schedule of Investments (continued)

BlackRock New York Investment Quality Municipal Trust Inc. (RNY)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Education (concluded)

 

 

 

 

 

 

 

New York State Dormitory Authority, RB
(concluded):

 

 

 

 

 

 

 

University of Rochester, Series A,
5.75%, 7/01/39 (e)

 

$

175

 

$

175,590

 

New York State Dormitory Authority,
Refunding RB:

 

 

 

 

 

 

 

Brooklyn Law School, 5.75%,
7/01/33

 

 

75

 

 

84,853

 

Cornell University, Series A,
5.00%, 7/01/40

 

 

100

 

 

111,400

 

Skidmore College, Series A,
5.25%, 7/01/30

 

 

250

 

 

284,050

 

Teachers College, 5.50%,
3/01/39

 

 

200

 

 

221,304

 

Schenectady County Industrial
Development Agency, Refunding RB,
Union College Project, 5.00%,
7/01/31

 

 

200

 

 

212,652

 

Suffolk County Industrial Development
Agency, Refunding RB, New York
Institute of Technology Project, 5.00%,
3/01/26

 

 

100

 

 

102,770

 

Tompkins County Development Corp.,
RB, Ithaca College Project (AGM),
5.50%, 7/01/33

 

 

50

 

 

56,899

 

Trust for Cultural Resources, RB, Series A,
Juilliard School, 5.00%, 1/01/39

 

 

250

 

 

274,147

 

Trust for Cultural Resources, Refunding
RB, Series A, Carnegie Hall:

 

 

 

 

 

 

 

4.75%, 12/01/39

 

 

375

 

 

394,740

 

5.00%, 12/01/39

 

 

150

 

 

160,435

 

Yonkers Industrial Development Agency
New York, RB, Sarah Lawrence
College Project, Series A, 6.00%,
6/01/41

 

 

125

 

 

138,500

 

 

 

 

 

 

 

3,121,748

 

Health — 25.4%

 

 

 

 

 

 

 

Dutchess County Local Development
Corp., Refunding RB, Health Quest
System Inc., Series A, 5.75%,
7/01/30

 

 

150

 

 

166,586

 

Genesee County Industrial Development
Agency New York, Refunding RB,
United Memorial Medical Center
Project, 5.00%, 12/01/27

 

 

100

 

 

93,910

 

Monroe County Industrial Development
Corp., Refunding RB, Unity Hospital of
Rochester Project (FHA), 5.50%,
8/15/40

 

 

100

 

 

112,440

 

New York State Dormitory Authority,
MRB, Hospital, Lutheran Medical
(FHA), 5.00%, 8/01/31

 

 

250

 

 

252,415

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (continued)

 

 

 

 

 

 

 

Health (concluded)

 

 

 

 

 

 

 

New York State Dormitory Authority, RB:

 

 

 

 

 

 

 

New York State Association for
Retarded Children, Inc.,
Series A, 6.00%, 7/01/32

 

$

75

 

$

86,077

 

New York University Hospital
Center, Series A, 5.75%,
7/01/31

 

 

100

 

 

112,384

 

New York University Hospital
Center, Series B, 5.63%,
7/01/37

 

 

150

 

 

161,201

 

North Shore - Long Island
Jewish Obligated Group,
Series A, 5.50%, 5/01/37

 

 

175

 

 

194,847

 

New York State Dormitory Authority,
Refunding RB:

 

 

 

 

 

 

 

Kateri Residence, 5.00%,
7/01/22

 

 

1,000

 

 

1,008,470

 

Mount Sinai Hospital, Series A,
5.00%, 7/01/26

 

 

140

 

 

151,186

 

New York University Hospital
Center, Series A, 5.00%,
7/01/36

 

 

500

 

 

520,745

 

North Shore - Long Island
Jewish Obligated Group,
Series A, 5.00%, 5/01/32

 

 

500

 

 

546,180

 

North Shore - Long Island
Jewish Obligated Group,
Series A, 5.75%, 5/01/37

 

 

250

 

 

284,170

 

North Shore-Long Island
Jewish Health System,
Series E, 5.50%, 5/01/33

 

 

150

 

 

166,816

 

St. Luke’s Roosevelt Hospital (FHA),
4.90%, 8/15/31

 

 

100

 

 

105,068

 

Saratoga County Industrial Development
Agency New York, RB, Saratoga
Hospital Project, Series B, 5.25%,
12/01/32

 

 

100

 

 

104,316

 

Suffolk County Industrial Development
Agency New York, Refunding RB,
Jeffersons Ferry Project, 5.00%,
11/01/28

 

 

115

 

 

115,991

 

Westchester County Healthcare Corp.
New York, Refunding RB:

 

 

 

 

 

 

 

Senior Lien, Series A,
Remarketing, 5.00%,
11/01/30

 

 

400

 

 

420,380

 

Senior Lien, Series B, 6.00%,
11/01/30

 

 

200

 

 

227,356

 

Westchester County Industrial
Development Agency New York, MRB,
Kendal on Hudson Project, Series A,
6.38%, 1/01/24

 

 

250

 

 

251,297

 

 

 

 

 

 

 

5,081,835

 


 

 

 

 

 

 

 

 

 

BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC.

APRIL 30, 2012

2




 

 

 

 

Schedule of Investments (continued)

BlackRock New York Investment Quality Municipal Trust Inc. (RNY)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

Housing — 9.5%

 

 

 

 

 

 

 

New York City Housing Development
Corp., RB:

 

 

 

 

 

 

 

Series A (Ginnie Mae), 5.25%,
5/01/30

 

$

1,000

 

$

1,026,150

 

Series B1, AMT, 5.15%,
11/01/37

 

 

250

 

 

257,185

 

Series J-2-A, AMT, 4.75%,
11/01/27

 

 

500

 

 

513,950

 

New York Mortgage Agency, Refunding
RB, Series 143, AMT, 4.90%,
10/01/37

 

 

90

 

 

91,292

 

 

 

 

 

 

 

1,888,577

 

State — 9.1%

 

 

 

 

 

 

 

New York State Dormitory Authority,
ERB:

 

 

 

 

 

 

 

Series B, 5.75%, 3/15/36

 

 

150

 

 

175,144

 

Series C, 5.00%, 12/15/31

 

 

150

 

 

169,286

 

New York State Dormitory Authority,
LRB, Municipal Health Facilities, Sub-
Series 2-4, 4.75%, 1/15/30

 

 

200

 

 

214,000

 

New York State Dormitory Authority,
Refunding RB, State University
Educational Facilities, Series A
(AMBAC), 5.25%, 5/15/15

 

 

1,005

 

 

1,101,822

 

New York State Urban Development
Corp., RB, 3.50%, 3/15/28

 

 

150

 

 

152,751

 

 

 

 

 

 

 

1,813,003

 

Transportation — 3.8%

 

 

 

 

 

 

 

Metropolitan Transportation Authority,
RB:

 

 

 

 

 

 

 

Series C, 6.50%, 11/15/28

 

 

250

 

 

316,905

 

Transportation, Series A,
5.00%, 11/15/27

 

 

250

 

 

282,575

 

Port Authority of New York & New Jersey,
RB, JFK International Air Terminal,
6.00%, 12/01/42

 

 

150

 

 

166,254

 

 

 

 

 

 

 

765,734

 

Utilities — 8.7%

 

 

 

 

 

 

 

Long Island Power Authority, RB,
General, 5.00%, 5/01/36

 

 

100

 

 

109,157

 

New York City Municipal Water & Sewer
Finance Authority, RB, Series B,
5.00%, 6/15/36

 

 

150

 

 

164,708

 

New York City Municipal Water & Sewer
Finance Authority, Refunding RB,
Second General Resolution, Series
HH, 5.00%, 6/15/32

 

 

1,280

 

 

1,464,307

 

 

 

 

 

 

 

1,738,172

 

Total Municipal Bonds in New York

 

 

 

 

 

25,387,129

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Guam — 1.7%

 

 

 

 

 

 

 

State — 0.5%

 

 

 

 

 

 

 

Territory of Guam, GO, Series A, 7.00%,
11/15/39

 

$

100

 

$

109,219

 

Tobacco — 0.4%

 

 

 

 

 

 

 

Guam Economic Development &
Commerce Authority, Refunding RB,
Tobacco Settlement Asset Backed,
5.63%, 6/01/47

 

 

100

 

 

83,225

 

Utilities — 0.8%

 

 

 

 

 

 

 

Guam Government Waterworks
Authority, Refunding RB, Water,
5.88%, 7/01/35

 

 

150

 

 

152,041

 

Total Municipal Bonds in Guam

 

 

 

 

 

344,485

 

 

 

 

 

 

 

 

 

Puerto Rico — 7.1%

 

 

 

 

 

 

 

State — 6.8%

 

 

 

 

 

 

 

Commonwealth of Puerto Rico, GO,
Refunding, Sub-Series C-7 (NPFGC),
6.00%, 7/01/28

 

 

250

 

 

277,370

 

Puerto Rico Commonwealth
Infrastructure Financing Authority, RB,
CAB, Series A (AMBAC), 4.99%,
7/01/44 (d)

 

 

395

 

 

53,503

 

Puerto Rico Sales Tax Financing Corp.,
RB:

 

 

 

 

 

 

 

CAB, Series A, 6.41%,
8/01/32 (d)

 

 

750

 

 

244,290

 

First Sub-Series A, 5.75%,
8/01/37

 

 

600

 

 

663,510

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB, CAB, Series A (NPFGC),
5.75%, 8/01/41 (d)

 

 

550

 

 

105,649

 

 

 

 

 

 

 

1,344,322

 

Transportation — 0.3%

 

 

 

 

 

 

 

Puerto Rico Highway & Transportation
Authority, Refunding RB, Series AA-1
(AGM), 4.95%, 7/01/26

 

 

60

 

 

64,022

 

Total Municipal Bonds in Puerto Rico

 

 

 

 

 

1,408,344

 

Total Municipal Bonds – 135.8%

 

 

 

 

 

27,139,958

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (f)

 

 

 

 

 

 

 

New York — 19.5%

 

 

 

 

 

 

 

Transportation — 8.0%

 

 

 

 

 

 

 

Hudson New York Yards Infrastructure
Corp., RB, Series A, 5.75%, 2/15/47

 

 

800

 

 

902,776

 

New York Liberty Development Corp.,
RB, 1 World Trade Center Port
Authority Construction, 5.25%,
12/15/43

 

 

375

 

 

421,369

 


 

 

 

 

 

 

 

 

 

BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC.

APRIL 30, 2012

3




 

 

 

 

Schedule of Investments (continued)

BlackRock New York Investment Quality Municipal Trust Inc. (RNY)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (f)

 

Par
(000)

 

Value

 

New York (concluded)

 

 

 

 

 

 

 

Transportation (concluded)

 

 

 

 

 

 

 

Port Authority of New York & New Jersey,
RB, Consolidated 169th Series, AMT,
5.00%, 10/15/26

 

$

250

 

$

281,258

 

 

 

 

 

 

 

1,605,403

 

Utilities — 11.5%

 

 

 

 

 

 

 

New York City Municipal Water & Sewer
Finance Authority, RB, Fiscal 2009,
Series A, 5.75%, 6/15/40

 

 

105

 

 

124,284

 

New York City Municipal Water & Sewer
Finance Authority, Refunding RB:

 

 

 

 

 

 

 

Second General Resolution,
Fiscal 2012, Series B, AMT,
5.00%, 6/15/44

 

 

750

 

 

824,100

 

Series A, 4.75%, 6/15/30

 

 

1,000

 

 

1,093,280

 

Suffolk County Water Authority,
Refunding RB, 3.00%, 6/01/25

 

 

255

 

 

259,402

 

 

 

 

 

 

 

2,301,066

 

Total Municipal Bonds in New York

 

 

 

 

 

3,906,469

 

 

 

 

 

 

 

 

 

Puerto Rico — 0.7%

 

 

 

 

 

 

 

State — 0.7%

 

 

 

 

 

 

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB, Series C, 5.25%,
8/01/40

 

 

130

 

 

142,246

 

Total Municipal Bonds Transferred to Tender Option
Bond (TOB) Trusts – 20.2%

 

 

 

 

 

4,048,715

 

Total Long-Term Investments
(Cost – $29,064,320) – 156.0%

 

 

 

 

 

31,188,673

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-Term Securities

 

Shares

 

 

 

 

BIF New York Municipal Money
Fund, 0.00% (g)(h)

 

 

257,061

 

 

257,061

 

Total Short-Term Securities
(Cost – $257,061) – 1.3%

 

 

 

 

 

257,061

 

Total Investments (Cost - $29,321,381*) – 157.3%

 

 

 

 

 

31,445,734

 

Other Assets Less Liabilities – 1.7%

 

 

 

 

 

346,071

 

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable – (10.4)%

 

 

 

 

 

(2,081,345

)

AMPS, at Redemption Value – (48.7)%

 

 

 

 

 

(9,725,102

)

Net Assets Applicable to Common Shares – 100.0%

 

 

 

 

$

19,985,358

 


 

 

*

As of April 30, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:


 

 

 

 

 

Tax cost

 

$

27,239,561

 

Gross unrealized appreciation

 

$

2,305,035

 

Gross unrealized depreciation

 

 

(179,159

)

Net unrealized appreciation

 

$

2,125,876

 


 

 

(a)

Variable rate security. Rate shown is as of report date.

 

 

(b)

Issuer filed for bankruptcy and/or is in default of interest payments.

 

 

(c)

Non-income producing security.

 

 

(d)

Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.

 

 

(e)

Represents a step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate shown is as of report date.

 

 

(f)

Securities represent bonds transferred to a TOB in exchange for which the Trust acquired residual interest certificates. These securities serve as collateral in a financing transaction.

 

 

(g)

Investments in companies considered to be an affiliate of the Trust during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Affiliate

 

Shares
Held at
July 31, 2011

 

Net
Activity

 

Shares
Held at
April 30, 2012

 

Income

 

 

BIF New York
Municipal
Money Fund

 

 

88,605

 

 

168,456

 

 

257,061

 

$

4

 


 

 

(h)

Represents the current yield as of report date.

 

 

Financial futures contracts sold as of April 30, 2012 were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracts

 

Issue

 

Exchange

 

Expiration

 

Notional
Value

 

Unrealized
Depreciation

 

24

 

10-Year
US
Treasury
Note

 

Chicago
Board of
Trade

 

June
2012

 

$

3,174,750

 

$

(46,452

)


 

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 following list:


 

 

 

AGC

 

Assured Guaranty Corp.

AGM

 

Assured Guaranty Municipal Corp.

AMBAC

 

American Municipal Bond Assurance Corp.

AMT

 

Alternative Minimum Tax (subject to)

CAB

 

Capital Appreciation Bonds

ERB

 

Education Revenue Bonds

FHA

 

Federal Housing Administration

Ginnie Mae

 

Government National Mortgage Association

GO

 

General Obligation Bonds

LRB

 

Lease Revenue Bonds

MRB

 

Mortgage Revenue Bonds

NPFGC

 

National Public Finance Guarantee Corp.

PILOT

 

Payment in Lieu of Taxes

RB

 

Revenue Bonds


 

 

 

 

 

 

 

 

 

BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC.

APRIL 30, 2012

4




 

 

 

 

Schedule of Investments (concluded)

BlackRock New York Investment Quality Municipal Trust Inc. (RNY)


 

 

 

For Trust compliance purposes, the Trust’s sector classifications refer to any one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes and/or as defined by Trust management. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

 

 

Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

 

 

Level 1 — unadjusted 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 Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value disclosure 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 investment and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the inputs used as of April 30, 2012 in determining the fair valuation of the Fund’s investments and derivative financial instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term
Investments 1

 

 

 

$

31,188,673

 

 

 

$

31,188,673

 

Short-Term
Securities

 

$

257,061

 

 

 

 

 

 

257,061

 

Total

 

$

257,061

 

$

31,188,673

 

 

 

$

31,445,734

 


 

 

1

See above Schedule of Investments for values in each sector.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Derivative Financial Instruments 2

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate
contracts

 

$

(46,452

)

 

 

 

 

$

(46,452

)


 

 

2

Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

Certain of the Trust’s assets and liabilities are held at carrying amount which approximates fair value. Such assets and liabilities are categorized within the disclosure hierarchy as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash pledged as
collateral for
financial futures
contracts

 

$

32,000

 

 

 

 

 

$

32,000

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank overdraft

 

 

(250

)

 

 

 

 

 

(250

)

TOB trust
certificates

 

 

 

$

(2,080,297

)

 

 

 

(2,080,297

)

Total

 

$

31,750

 

$

(2,080,297

)

 

 

$

(2,048,547

)

There were no transfers between levels during the period ended April 30, 2012.

 

 

 

 

 

 

 

 

 

BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC.

APRIL 30, 2012

5


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 New York Investment Quality Municipal Trust, Inc.

 

 

  By: /s/ John M. Perlowski  
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
    BlackRock New York Investment Quality Municipal Trust, Inc.
   
  Date: June 22, 2012
   
  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 New York Investment Quality Municipal Trust, Inc.
   
  Date: June 22, 2012
   
  By: /s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock New York Investment Quality Municipal Trust, Inc.
     
  Date: June 22, 2012

 


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