Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material
May 16 2024 - 4:45PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
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Filed by the Registrant ☒ |
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Filed by a Party other than the Registrant ☐ |
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Check the appropriate box: |
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☐ Preliminary Proxy Statement |
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☐ Confidential, for Use of the Commission Only (as
permitted by Rule 14a-6(e)(2)) |
☐ Definitive Proxy Statement |
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☒ Definitive Additional Materials |
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☐ Soliciting Material Pursuant to § 240.14a-12 |
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy
Statement, if Other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required. |
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Fee paid previously with preliminary materials. |
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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
Your Vote Matters BlackRock New York Municipal Income Trust (NYSE: BNY) Defend YOUR Fund, Save YOUR Income Your vote has never mattered
more. At BNYs upcoming annual meeting on June 17, activist hedge fund Saba Capital Management (Saba) is threatening your dependable, income-paying investment by attempting to install its own hand-picked Board nominees. If Saba
prevails, your Fundand the consistent monthly income you rely onwill be at risk. BlackRock is fighting for YOU. Vote today ONLY on the WHITE proxy card: FOR the BlackRock Board nominees ! IMPORTANT: DO NOT RETURN ANY GOLD
CARD YOU RECEIVE FROM SABA BNY delivers on its investment objective and provides YOUR Board YOU with tax-exempt income at nearly 1.4x peers1 puts YOU first: 41.0% VS. 29.3%
Tax-exempt BNY distribution growth Peer distribution over past year growth over past year income Risk BNY has outperformed peers over most timeframes in diversification the past 10 years1 Total Shareholder
Return1 Peer median BNY Share buybacks 35.7% 10 years 36.4% Fee waivers and 7.0% reductions 1 year 8.7% Saba overpromises and underperforms. The risks in supporting Saba include: WIDER DISCOUNTS HIGHER FEES RISKY STRATEGIES The funds Saba has Saba
raised costs, including Saba forces their funds commandeered now trade at hidden management fees from investments into risky, speculative wider discounts to net asset underlying funds, at both closed- strategies, like SPACs, crypto and value
since Saba took over end funds Saba took over hedge funds 1. Bloomberg as of 4/30/2024; Note: Peer set includes MYN, MHN, ENX, VTN, NRK, NAN, PNF, PNI, and PYN; Total shareholder return on price (assumes dividends are reinvested)
We ask that all shareholders vote on the enclosed WHITE proxy card today to preserve YOUR Fund: Using the WHITE proxy card, your
qualified Board unanimously recommends voting FOR the Boards Nominees, who have created value for all shareholders. DO NOT RETURN ANY GOLD CARD SENT TO YOU BY SABA, AS YOUR BLACKROCK VOTE WILL BE VOIDED How do I vote? Vote online
Vote by phone Vote by mail Using the website provided By calling the toll-free By completing and on your enclosed WHITE number on your enclosed returning your enclosed proxy card and following WHITE proxy card and WHITE proxy card in the the simple
instructions following the simple postage paid envelope instructions provided If you have already sent back the proxy card received from Saba, you can still change your vote by promptly voting on the WHITE proxy card, which will replace the proxy
card you previously completed. If you have any questions about the proposal to be voted, please feel free to contact Georgeson LLC (Georgeson), toll free at 1-866-529-0358. Please do NOT send back any gold proxy card you may receive from Saba Important information about the Fund This material is not an advertisement and is intended for existing shareholder
use only. This document and the information contained herein relates solely to BlackRock New York Municipal Income Trust (BNY). The information contained herein does not relate to, and is not relevant to, any other fund or product sponsored or
distributed by BlackRock or any of its affiliates. This document is not an offer to sell any securities and is not a solicitation of an offer to buy any securities. Common shares for the closed-end fund
identified above are only available for purchase and sale at current market price on a stock exchange. A closed-end funds dividend yield, market price and NAV will fluctuate with market conditions. The
information for this Fund is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Performance results reflect past performance and are no guarantee of future results. Current
performance may be lower or higher than the performance data quoted. All returns assume reinvestment of all dividends. The market value and net asset value (NAV) of a funds shares will fluctuate with market conditions. Closed-end funds may trade at a premium to NAV but often trade at a discount. © 2024 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc., or its affiliates. All
other trademarks are those of their respective owners. May 2024 | BlackRock New York Municipal Income Trust (BNY) Not FDIC Insured May Lose Value No Bank Guarantee BNY_2024_FL3
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