Form 4: Toronto Dominion Investments Disposes of BlackRock MuniYield Preferred Shares in Redemption

Toronto Dominion Investments, Inc., a 10% owner of BlackRock MuniYield New York Quality Fund, Inc., has disposed of 467 Variable Rate Demand Preferred Shares due to a redemption by the issuer.

Summary

• Toronto Dominion Investments, Inc. (TDI), an indirect subsidiary of The Toronto-Dominion Bank (TD Bank), disposed of 467 Variable Rate Demand Preferred Shares (VMTP Shares) of BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC. (MYN).
• The disposal occurred on July 16, 2025, as a result of a redemption initiated by the Issuer.
• The redemption price for each VMTP Share was $100,107.42467, which includes a liquidation preference of $100,000.00 per share and accrued dividends of $107.42467 per share.
• Following this transaction, TDI beneficially owns 2,010 Variable Rate Demand Preferred Shares directly.
• The filing is jointly made by TD Bank, TDI, Toronto Dominion Holdings (U.S.A.), Inc. (TDH), and TD Group US Holdings LLC (TD GUS), all of whom hold an indirect interest in the VMTP Shares through their ownership structure leading up to TDI.

Sentiment

Score: 5

Explanation: Neutral. This is a factual disclosure of a corporate action (redemption) and a change in beneficial ownership, not indicative of positive or negative performance or strategic shifts.

Future Outlook

NA

Industry Context

This filing reflects a specific corporate action (redemption of preferred shares) by BlackRock MuniYield New York Quality Fund, Inc., impacting a significant institutional shareholder, Toronto Dominion Investments, Inc. It is a routine disclosure for changes in beneficial ownership and does not provide broader industry trends.

Related Party Transactions

• The transaction involves Toronto Dominion Investments, Inc., a 10% owner of BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC., disposing of shares due to a redemption by the Issuer. The reporting persons (TD Bank, TDI, TDH, TD GUS) are related through a direct and indirect ownership structure.

Stakeholder Impact

• Shareholders of Variable Rate Demand Preferred Shares (specifically Toronto Dominion Investments, Inc.) received capital back from the Issuer due to the redemption.
• The Issuer, BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, INC., reduced its outstanding preferred shares.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, Preferred Shares, Redemption, BlackRock MuniYield New York Quality Fund, MYN, Toronto Dominion Investments, Variable Rate Demand Preferred Shares, Insider Transaction