BlackRock New York Municipal Income Trust II
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 811-21124
Name of Fund: BlackRock New York Municipal Income Trust II (BFY)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service:
John M. Perlowski, Chief Executive Officer, BlackRock New York Municipal Income
Trust II, 55 East
52nd Street, New York, NY 10055
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 08/31/2013
Date of reporting period: 11/30/2012
Item 1 – Schedule of Investments
|
|
|
|
|
|
| Schedule of Investments November 30, 2012 (Unaudited) |
|
BlackRock New York Municipal Income
Trust II (BFY) (Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
| New York — 127.8% |
|
|
|
|
|
|
|
|
| Corporate — 15.8% |
|
|
|
|
|
|
|
|
| Chautauqua County Industrial Development Agency, RB, NRG Dunkirk Power Project, 5.88%, 4/01/42 |
|
$ |
500 |
|
|
$ |
569,220 |
|
| Essex County Industrial Development Agency New York, RB, International Paper Co. Project, Series A, AMT, 6.63%, 9/01/32 |
|
|
200 |
|
|
|
224,650 |
|
| Essex County Industrial Development Agency New York, Refunding RB, International Paper Co. Project, Series A, AMT, 5.50%,
10/01/26 |
|
|
625 |
|
|
|
626,925 |
|
| Jefferson County Industrial Development Agency New York, Refunding RB, Solid Waste, Series A, AMT, 5.20%, 12/01/20 |
|
|
750 |
|
|
|
776,520 |
|
| New York City Industrial Development Agency, RB, American Airlines Inc., JFK International Airport,
AMT (a)(b): |
|
|
|
|
|
|
|
|
| 7.63%, 8/01/25 |
|
|
1,600 |
|
|
|
1,688,976 |
|
| 7.75%, 8/01/31 |
|
|
1,500 |
|
|
|
1,583,385 |
|
| New York City Industrial Development Agency, Refunding RB, Series A, AMT, 5.00%, 7/01/28 |
|
|
330 |
|
|
|
352,796 |
|
| New York Liberty Development Corp., RB, Goldman Sachs Headquarters, 5.25%, 10/01/35 |
|
|
1,780 |
|
|
|
2,215,406 |
|
| Niagara Area Development Corp., Refunding RB, Covanta Energy Project, Series A, AMT, 5.25%, 11/01/42 |
|
|
625 |
|
|
|
637,250 |
|
| Port Authority of New York & New Jersey, RB, Continental Airlines Inc. and Eastern Air Lines Inc. Project, LaGuardia, AMT, 9.13%,
12/01/15 |
|
|
1,875 |
|
|
|
1,921,688 |
|
| Suffolk County Industrial Development Agency New York, RB, KeySpan, Port Jefferson, AMT, 5.25%, 6/01/27 |
|
|
2,500 |
|
|
|
2,551,075 |
|
| |
|
|
|
|
|
|
13,147,891 |
|
| County/City/Special District/School District — 29.8% |
|
| Buffalo & Erie County Industrial Land Development Corp., Refunding RB, Buffalo State College Foundation Housing Corporation
Project, 5.38%, 10/01/41 |
|
|
280 |
|
|
|
329,843 |
|
| City of New York, New York, GO: |
|
|
|
|
|
|
|
|
| Series A-1, 4.75%, 8/15/25 |
|
|
500 |
|
|
|
580,590 |
|
| Sub-Series A-1, 4.00%,
10/01/34 |
|
|
145 |
|
|
|
159,603 |
|
| Sub-Series A-1, 5.00%,
10/01/34 |
|
|
270 |
|
|
|
326,173 |
|
| Sub-Series G-1, 6.25%,
12/15/31 |
|
|
250 |
|
|
|
324,207 |
|
|
|
|
|
|
|
|
|
|
| |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
| New York (continued) |
|
|
|
|
|
|
|
|
| County/City/Special District/School District (continued) |
|
|
|
|
|
| City of New York, New York, GO (concluded): |
|
|
|
|
|
| Sub-Series I-1, 5.38%, 4/01/36 |
|
$ |
450 |
|
|
$ |
545,598 |
|
| City of New York, New York, GO,
Refunding, Series B, 3.00%, 8/01/31 |
|
|
250 |
|
|
|
254,843 |
|
| City of Syracuse New York, GO, Airport Terminal Security and Access Improvement, Series A, AMT (AGM), 4.75%, 11/01/31 |
|
|
500 |
|
|
|
558,890 |
|
| Hudson New York Yards Infrastructure Corp., RB, Series A: |
|
|
|
|
|
|
|
|
| 5.00%, 2/15/47 |
|
|
2,850 |
|
|
|
3,109,863 |
|
| (AGM), 5.00%, 2/15/47 |
|
|
850 |
|
|
|
929,526 |
|
| (AGM), 5.75%, 2/15/47 |
|
|
1,550 |
|
|
|
1,882,816 |
|
| (NPFGC), 4.50%, 2/15/47 |
|
|
1,510 |
|
|
|
1,588,913 |
|
| Monroe County Industrial Development Corp., RB, University of Rochester Project, Series A, 5.00%, 7/01/31 |
|
|
1,000 |
|
|
|
1,192,930 |
|
| New York City Industrial Development Agency, RB, PILOT: |
|
|
|
|
|
|
|
|
| CAB, Yankee Stadium (AGC), 4.13%, 3/01/35 (c) |
|
|
500 |
|
|
|
201,530 |
|
| CAB, Yankee Stadium Project, Series A (AGC), 4.50%, 3/01/42 (c) |
|
|
1,750 |
|
|
|
476,630 |
|
| CAB, Yankee Stadium Project, Series A (AGC), 4.67%, 3/01/45 (c) |
|
|
500 |
|
|
|
112,995 |
|
| Queens Baseball Stadium (AGC), 6.38%, 1/01/39 |
|
|
100 |
|
|
|
119,797 |
|
| Queens Baseball Stadium (AMBAC), 5.00%, 1/01/39 |
|
|
500 |
|
|
|
516,185 |
|
| Yankee Stadium, (NPFGC), 4.75%, 3/01/46 |
|
|
2,000 |
|
|
|
2,071,360 |
|
| New York City Transitional Finance Authority, RB, Future Tax Secured: |
|
|
|
|
|
|
|
|
| Series B, 5.00%, 11/01/27 |
|
|
10 |
|
|
|
10,040 |
|
| Series D, 5.00%, 11/01/38 |
|
|
825 |
|
|
|
984,596 |
|
| New York Convention Center Development Corp., RB, Hotel Unit Fee Secured (AMBAC): |
|
|
|
|
|
|
|
|
| 5.00%, 11/15/44 |
|
|
935 |
|
|
|
1,031,062 |
|
| 4.75%, 11/15/45 |
|
|
640 |
|
|
|
701,331 |
|
| New York Liberty Development Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| 4 World Trade Center Project, 5.00%, 11/15/31 |
|
|
1,000 |
|
|
|
1,181,920 |
|
| 4 World Trade Center Project, 5.75%, 11/15/51 |
|
|
670 |
|
|
|
819,685 |
|
| 7 World Trade Center Project, Class 2, 5.00%, 9/15/43 |
|
|
1,100 |
|
|
|
1,272,370 |
|
| 7 World Trade Center Project, Class 3, 5.00%, 3/15/44 |
|
|
690 |
|
|
|
765,679 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II |
|
NOVEMBER 30, 2012 |
|
1 |
|
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income
Trust II (BFY) (Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
| New York (continued) |
|
|
|
|
|
|
|
|
| County/City/Special District/School District (concluded) |
|
|
|
|
|
| Second Priority, Bank of America Tower at One Bryant Park Project, 5.63%, 7/15/47 |
|
$ |
1,400 |
|
|
$ |
1,663,760 |
|
| Second Priority, Bank of America Tower at One Bryant Park Project, 6.38%, 7/15/49 |
|
|
500 |
|
|
|
588,555 |
|
| New York State Dormitory Authority, RB, State University Dormitory Facilities, Series A, 5.00%, 7/01/39 |
|
|
250 |
|
|
|
285,772 |
|
| St. Lawrence County Industrial Development Agency, RB, Clarkson University Project, 6.00%, 9/01/34 |
|
|
150 |
|
|
|
186,236 |
|
| |
|
|
|
|
|
|
24,773,298 |
|
| Education — 20.7% |
|
|
|
|
|
|
|
|
| Albany Industrial Development Agency, RB, New Covenant Charter School Project, Series A (b)(d): |
|
|
|
|
|
|
|
|
| 7.00%, 5/01/25 |
|
|
345 |
|
|
|
51,757 |
|
| 7.00%, 5/01/35 |
|
|
220 |
|
|
|
33,004 |
|
| Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp.,
Series A (AGM): |
|
|
|
|
|
|
|
|
| 4.38%, 10/01/30 |
|
|
500 |
|
|
|
552,455 |
|
| 4.63%, 10/01/40 |
|
|
275 |
|
|
|
304,370 |
|
| City of Troy Capital Resource Corp., Refunding RB, Rensselaer Polytechnic, Series A, 5.13%, 9/01/40 |
|
|
250 |
|
|
|
283,900 |
|
| Dutchess County Industrial Development Agency New York, RB, Bard College Civic Facility, Series A-2, 4.50%, 8/01/36 |
|
|
755 |
|
|
|
782,286 |
|
| Geneva Industrial Development Agency New York, RB, Hobart & William Smith Project, Series A, 5.38%, 2/01/13 (e) |
|
|
2,000 |
|
|
|
2,017,380 |
|
| Herkimer County Industrial Development Agency New York, RB, College Foundation Inc. Student Housing Project, 6.25%, 8/01/34 |
|
|
385 |
|
|
|
389,289 |
|
| Nassau County Industrial Development Agency, Refunding RB, New York Institute of Technology Project,
Series A, 4.75%,
3/01/26 |
|
|
350 |
|
|
|
392,637 |
|
| New York City Industrial Development Agency, RB, Lycee Francais de New York Project, Series A (ACA), 5.38%, 6/01/23 |
|
|
1,250 |
|
|
|
1,279,650 |
|
| New York City Trust for Cultural Resources, RB, Juilliard School, Series A, 5.00%, 1/01/39 |
|
|
500 |
|
|
|
596,875 |
|
|
|
|
|
|
|
|
|
|
| |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
| New York (continued) |
|
|
|
|
|
|
|
|
| Education (continued) |
|
|
|
|
|
|
|
|
| New York City Trust for Cultural Resources, Refunding RB, Carnegie Hall, Series A, 4.75%, 12/01/39 |
|
$ |
700 |
|
|
$ |
779,660 |
|
| New York State Dormitory Authority, RB: |
|
|
|
|
|
|
|
|
| Brooklyn Law School, Series B (Syncora), 5.13%,
7/01/13 (e) |
|
|
2,000 |
|
|
|
2,055,620 |
|
| Convent of the Sacred Heart (AGM), 5.75%, 11/01/40 |
|
|
500 |
|
|
|
605,765 |
|
| Fordham University, Series A, 5.50%, 7/01/36 |
|
|
150 |
|
|
|
179,577 |
|
| Rochester Institute of Technology, Series A, 6.00%, 7/01/18 (e) |
|
|
625 |
|
|
|
801,425 |
|
| University of Rochester, Series A, 5.13%, 7/01/39 |
|
|
250 |
|
|
|
286,675 |
|
| New York State Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Brooklyn Law School, 5.75%, 7/01/33 |
|
|
250 |
|
|
|
291,943 |
|
| Culinary Institute of America, 5.00%, 7/01/34 |
|
|
200 |
|
|
|
226,336 |
|
| New York University, Series A, 5.00%, 7/01/37 |
|
|
600 |
|
|
|
713,070 |
|
| Rochester Institute of Technology, 5.00%, 7/01/38 (f) |
|
|
690 |
|
|
|
818,112 |
|
| Rockefeller University, Series B, 4.00%, 7/01/38 |
|
|
250 |
|
|
|
273,085 |
|
| Skidmore College, Series A, 5.25%, 7/01/29 |
|
|
200 |
|
|
|
240,546 |
|
| Skidmore College, Series A, 5.25%, 7/01/31 |
|
|
300 |
|
|
|
358,524 |
|
| Teachers College, 5.50%, 3/01/39 |
|
|
650 |
|
|
|
748,384 |
|
| Teachers College, Series A, 5.00%, 7/01/31 |
|
|
525 |
|
|
|
631,291 |
|
| Suffolk County Industrial Development Agency, Refunding RB, New York Institute of Technology Project, 5.00%, 3/01/26 |
|
|
410 |
|
|
|
426,384 |
|
| Tompkins County Development Corp., RB, Ithaca College Project (AGM), 5.50%, 7/01/33 |
|
$ |
450 |
|
|
$ |
537,723 |
|
| Yonkers Industrial Development Agency New York, RB, Sarah Lawrence College Project, Series A, 6.00%, 6/01/41 |
|
|
500 |
|
|
|
575,585 |
|
| |
|
|
|
|
|
|
17,233,308 |
|
| Health — 24.2% |
|
|
|
|
|
|
|
|
| Clarence Industrial Development Agency, RB, Bristol Village Project (Ginnie Mae), 6.00%, 1/20/44 |
|
|
1,630 |
|
|
|
1,668,680 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II |
|
NOVEMBER 30, 2012 |
|
2 |
|
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income
Trust II (BFY) (Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
| New York (continued) |
|
|
|
|
|
|
|
|
| Health (concluded) |
|
|
|
|
|
| Dutchess County Local Development Corp., Refunding RB, Health Quest System Inc., Series A, 5.75%, 7/01/40 |
|
$ |
300 |
|
|
$ |
357,615 |
|
| Genesee County Industrial Development Agency New York, Refunding RB, United Memorial Medical Center Project, 5.00%,
12/01/27 |
|
|
250 |
|
|
|
250,045 |
|
| Monroe County Industrial Development Corp., Refunding RB, Unity Hospital Rochester Project (FHA), 5.50%, 8/15/40 |
|
|
425 |
|
|
|
503,816 |
|
| Nassau County Local Economic Assistance Corp., Refunding RB, Winthrop University Hospital Association Project, 4.25%,
7/01/42 |
|
|
180 |
|
|
|
186,012 |
|
| New York City Industrial Development Agency, RB, Eger Harbor Project, Series A (Ginnie Mae), 5.88%, 5/20/44 |
|
|
975 |
|
|
|
1,025,817 |
|
| New York State Dormitory Authority, RB: |
|
|
|
|
|
| General Purpose Bonds,
Series E, 5.00%, 2/15/37 |
|
|
1,000 |
|
|
|
1,190,860 |
|
| Healthcare, Series A, 5.00%, 3/15/38 |
|
|
500 |
|
|
|
598,755 |
|
| New York Hospital Medical Center-Queens (FHA), 4.75%, 2/15/37 |
|
|
305 |
|
|
|
325,981 |
|
| New York State Association for Retarded Children, Inc., Series A, 6.00%, 7/01/32 |
|
|
250 |
|
|
|
300,303 |
|
| New York University Hospital Center, Series A, 5.75%, 7/01/31 |
|
|
425 |
|
|
|
507,578 |
|
| New York University Hospital Center, Series B, 5.63%, 7/01/37 |
|
|
530 |
|
|
|
588,220 |
|
| North Shore-Long Island Jewish Health System, Series A, 5.50%, 5/01/37 |
|
|
750 |
|
|
|
871,072 |
|
| North Shore-Long Island Jewish Health System, Series C, 4.25%, 5/01/39 |
|
|
315 |
|
|
|
334,590 |
|
| North Shore-Long Island Jewish Health System, Series D, 4.25%, 5/01/39 |
|
|
405 |
|
|
|
433,889 |
|
| St. Barnabas, Series A (AMBAC) (FHA), 5.00%, 2/01/31 |
|
|
1,000 |
|
|
|
1,003,260 |
|
| New York State Dormitory Authority, Refunding RB: |
|
|
|
|
|
|
|
|
| Kateri Residence, 5.00%, 7/01/22 |
|
|
2,000 |
|
|
|
2,015,740 |
|
|
|
|
|
|
|
|
|
|
| |
|
Par (000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
| New York (continued) |
|
|
|
|
|
|
|
|
| Health (concluded) |
|
|
|
|
|
| Miriam Osborn Memorial Home, 5.00%, 7/01/29 |
|
$ |
130 |
|
|
$ |
144,282 |
|
| Miriam Osborn Memorial Home, 5.00%, 7/01/42 |
|
|
255 |
|
|
|
275,448 |
|
| Mount Sinai Hospital, Series A, 5.00%, 7/01/26 |
|
|
500 |
|
|
|
575,255 |
|
| New York University Hospital Center, Series A, 5.00%, 7/01/36 |
|
|
1,000 |
|
|
|
1,074,420 |
|
| North Shore-Long Island Jewish Health System, Series A, 5.00%, 5/01/32 |
|
|
1,000 |
|
|
|
1,149,410 |
|
| North Shore-Long Island Jewish Health System, Series E, 5.50%, 5/01/33 |
|
|
500 |
|
|
|
578,805 |
|
| Onondaga Civic Development Corp., RB, Saint Joseph’s Hospital Health Center Project, 4.50%, 7/01/32 |
|
|
1,210 |
|
|
|
1,210,895 |
|
| Saratoga County Industrial Development Agency New York, RB, Saratoga Hospital Project, Series B, 5.25%, 12/01/32 |
|
|
350 |
|
|
|
375,396 |
|
| Suffolk County Industrial Development Agency New York, Refunding RB, Jeffersons Ferry Project, 5.00%, 11/01/28 |
|
|
450 |
|
|
|
466,934 |
|
| Westchester County Healthcare Corp. New York, Refunding RB, Senior Lien: |
|
|
|
|
|
|
|
|
| Remarketing, Series A, 5.00%, 11/01/30 |
|
|
1,000 |
|
|
|
1,132,880 |
|
| Series B, 6.00%, 11/01/30 |
|
|
150 |
|
|
|
182,807 |
|
| Westchester County Industrial Development Agency New York, RB, Kendal on Hudson Project, Series A, 6.38%, 1/01/24 |
|
|
750 |
|
|
|
750,817 |
|
| |
|
|
|
|
|
|
20,079,582 |
|
| Housing — 3.1% |
|
|
|
|
|
| New York City Housing Development Corp., RB, Series J-2-A, AMT, 4.75%, 11/01/27 |
|
|
1,420 |
|
|
|
1,510,198 |
|
| New York State HFA, RB, Highland Avenue Senior Apartments, Series A, AMT (SONYMA), 5.00%, 2/15/39 |
|
$ |
1,000 |
|
|
$ |
1,042,650 |
|
| |
|
|
|
|
|
|
2,552,848 |
|
| State — 13.4% |
|
|
|
|
|
| New York City Transitional Finance Authority, BARB: |
|
|
|
|
|
|
|
|
| Series S-1, 4.00%, 7/15/42 |
|
|
1,775 |
|
|
|
1,910,077 |
|
| Series S-2 (NPFGC), 4.50%, 1/15/31 |
|
|
2,500 |
|
|
|
2,684,600 |
|
| Series S-2 (NPFGC), 4.25%, 1/15/34 |
|
|
250 |
|
|
|
263,025 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II |
|
NOVEMBER 30, 2012 |
|
3 |
|
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income
Trust II (BFY) (Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
| New York (continued) |
|
|
|
|
|
|
|
|
| State (concluded) |
|
|
|
|
|
| New York State Dormitory Authority, ERB, Series B, 5.75%, 3/15/36 |
|
|
300 |
|
|
|
377,706 |
|
| New York State Dormitory Authority, LRB, Municipal Health Facilities, Sub-Series 2-4, 4.75%, 1/15/30 |
|
|
800 |
|
|
|
899,304 |
|
| New York State Dormitory Authority, RB,
Series C, 5.00%, 12/15/31 |
|
|
500 |
|
|
|
573,915 |
|
| New York State Dormitory Authority, Refunding RB, General Purpose Bonds, Series A, 5.00%, 12/15/26 |
|
|
1,265 |
|
|
|
1,611,395 |
|
| New York State Urban Development Corp., RB, State Personal Income Tax, Series B, 5.00%, 3/15/35 |
|
|
2,000 |
|
|
|
2,178,860 |
|
| State of New York, GO, Series A, 5.00%, 2/15/39 |
|
|
500 |
|
|
|
603,690 |
|
| |
|
|
|
|
|
|
11,102,572 |
|
| Transportation — 12.6% |
|
|
|
|
|
| Metropolitan Transportation Authority, RB: |
|
|
|
|
|
|
|
|
| Series 2008C, 6.50%, 11/15/28 |
|
|
750 |
|
|
|
969,413 |
|
| Series H, 4.00%, 11/15/34 |
|
|
1,000 |
|
|
|
1,073,050 |
|
| Series H, 5.00%, 11/15/42 |
|
|
1,935 |
|
|
|
2,258,745 |
|
| Metropolitan Transportation Authority, Refunding RB, Series F (AGM), 4.00%, 11/15/30 |
|
|
1,000 |
|
|
|
1,118,400 |
|
| New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Construction: |
|
|
|
|
|
|
|
|
| 5.00%, 12/15/41 |
|
|
500 |
|
|
|
585,145 |
|
| 5.25%, 12/15/43 |
|
|
500 |
|
|
|
594,170 |
|
| New York State Thruway Authority, Refunding RB, General, Series I: |
|
|
|
|
|
|
|
|
| 5.00%, 1/01/37 |
|
|
735 |
|
|
|
865,852 |
|
| 4.13%, 1/01/42 |
|
|
340 |
|
|
|
365,452 |
|
| 5.00%, 1/01/42 |
|
|
280 |
|
|
|
328,866 |
|
| Port Authority of New York & New Jersey, RB, JFK International Air Terminal: |
|
|
|
|
|
|
|
|
| 6.00%, 12/01/42 |
|
|
1,000 |
|
|
|
1,193,200 |
|
| Special Project, Series 6, AMT (NPFGC), 6.25%, 12/01/13 |
|
|
1,000 |
|
|
|
1,023,490 |
|
| Triborough Bridge & Tunnel Authority, Refunding RB, Series B, 5.00%, 11/15/31 |
|
|
90 |
|
|
|
110,348 |
|
| |
|
|
|
|
|
|
10,486,131 |
|
|
|
|
|
|
|
|
|
|
| |
|
Par (000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
| New York (concluded) |
|
|
|
|
|
|
|
|
| Utilities — 8.2% |
|
|
|
|
|
| Long Island Power Authority, RB: |
|
|
|
|
|
|
|
|
| CAB (AGM), 2.98%,
6/01/28 (c) |
|
$ |
3,515 |
|
|
$ |
2,222,113 |
|
| General, Series C (CIFG), 5.25%, 9/01/29 |
|
|
1,000 |
|
|
|
1,288,390 |
|
| Long Island Power Authority, Refunding RB, Series A, 5.50%, 4/01/24 |
|
|
500 |
|
|
|
613,090 |
|
| New York City Municipal Water Finance Authority, RB, Series B, 5.00%, 6/15/36 |
|
|
500 |
|
|
|
565,060 |
|
| New York State Environmental Facilities Corp., Refunding RB, Revolving Funds, New York City Municipal Water Project: |
|
|
|
|
|
|
|
|
| 5.00%, 6/15/36 |
|
|
350 |
|
|
|
422,299 |
|
| Series A, 5.00%, 6/15/37 |
|
|
1,500 |
|
|
|
1,717,755 |
|
| |
|
|
|
|
|
|
6,828,707 |
|
| Total Municipal Bonds in New York |
|
|
|
|
|
|
106,204,337 |
|
|
|
|
|
|
|
|
|
|
| Multi-State — 5.5% |
|
|
|
|
|
|
|
|
| Housing — 5.5% |
|
|
|
|
|
| Centerline Equity Issuer Trust (g)(h): |
|
|
|
|
|
|
|
|
| 5.75%, 5/15/15 |
|
|
500 |
|
|
|
546,505 |
|
| 6.00%, 5/15/15 |
|
|
1,500 |
|
|
|
1,647,420 |
|
| 6.00%, 5/15/19 |
|
|
1,000 |
|
|
|
1,195,150 |
|
| 6.30%, 5/15/19 |
|
|
1,000 |
|
|
|
1,210,810 |
|
| Total Municipal Bonds in Multi-State |
|
|
|
4,599,885 |
|
|
|
|
|
|
|
|
|
|
| Puerto Rico — 7.4% |
|
|
|
|
|
|
|
|
| Housing — 0.7% |
|
|
|
|
|
| Puerto Rico Housing Finance Authority, Refunding RB, Subordinate, Capital Fund Modernization,
5.13%, 12/01/27 |
|
|
500 |
|
|
|
554,540 |
|
| State — 4.9% |
|
|
|
|
|
| Puerto Rico Sales Tax Financing Corp., RB: |
|
|
|
|
|
| CAB, Series A, 5.25%,
8/01/32 (c) |
|
|
750 |
|
|
|
270,855 |
|
| First Sub-Series A, 6.50%, 8/01/44 |
|
|
1,000 |
|
|
|
1,177,660 |
|
| Puerto Rico Sales Tax Financing Corp., Refunding RB: |
|
|
|
|
|
|
|
|
| CAB, Series A (AMBAC), 5.89%, 8/01/54 (c) |
|
|
5,000 |
|
|
|
444,700 |
|
| CAB, Series A (NPFGC), 5.62%, 8/01/41 (c) |
|
|
1,500 |
|
|
|
323,940 |
|
| CAB, Series A (NPFGC), 5.46%, 8/01/43 (c) |
|
|
4,000 |
|
|
|
766,960 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II |
|
NOVEMBER 30, 2012 |
|
4 |
|
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income
Trust II (BFY) (Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
| |
|
Par
(000) |
|
|
Value |
|
| Municipal Bonds |
|
|
|
|
|
|
| Puerto Rico (concluded) |
|
|
|
|
|
|
|
|
| State (concluded) |
|
|
|
|
|
| Puerto Rico Sales Tax Financing Corp., Refunding RB (concluded): |
|
|
|
|
|
|
|
|
| Senior Series C, 5.25%, 8/01/40 |
|
$ |
1,015 |
|
|
$ |
1,141,936 |
|
| |
|
|
|
|
|
|
4,126,051 |
|
| Transportation — 1.1% |
|
|
|
|
|
| Puerto Rico Highway & Transportation Authority, Refunding RB, Series CC (AGM), 5.50%,
7/01/30 |
|
|
750 |
|
|
|
898,470 |
|
| Utilities — 0.7% |
|
|
|
|
|
| Puerto Rico Electric Power Authority, Refunding RB, Series W (NPFGC), 5.25%, 7/01/29 |
|
|
500 |
|
|
|
553,385 |
|
| Total Municipal Bonds in Puerto Rico |
|
|
|
|
|
|
6,132,446 |
|
| Total Municipal Bonds – 140.7% |
|
|
|
|
|
|
116,936,668 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts (i) |
|
|
|
|
|
|
|
|
| New York — 17.4% |
|
|
|
|
|
|
|
|
| County/City/Special District/School District — 4.3% |
|
| New York Convention Center Development Corp., RB, Hotel Unit Fee Secured (AMBAC), 5.00%, 11/15/35 |
|
|
2,250 |
|
|
|
2,484,607 |
|
| New York Liberty Development Corp., Refunding RB, 4 World Trade Center Project, 5.00%, 11/15/44 |
|
|
1,000 |
|
|
|
1,153,530 |
|
| |
|
|
|
|
|
|
3,638,137 |
|
| Education — 0.5% |
|
| New York State Dormitory Authority, Refunding RB, Series A, 5.00%, 7/01/42 |
|
|
360 |
|
|
|
431,532 |
|
| State — 1.8% |
|
| New York City Transitional Finance Authority, BARB, Fiscal 2009,
Series S-3, 5.25%,
1/15/39 |
|
|
1,300 |
|
|
|
1,491,165 |
|
| Transportation — 4.3% |
|
| New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Construction, 5.25%, 12/15/43 |
|
|
1,995 |
|
|
|
2,370,687 |
|
| Port Authority of New York & New Jersey, RB, Consolidated, 169th Series, AMT, 5.00%, 10/15/26 |
|
|
1,000 |
|
|
|
1,185,610 |
|
| |
|
|
|
|
|
|
3,556,297 |
|
|
|
|
|
|
|
|
|
|
| |
|
Par (000) |
|
|
Value |
|
| Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts (i) |
|
|
|
|
| New York (concluded) |
|
|
|
|
|
|
|
|
| Utilities — 6.5% |
|
|
|
|
|
| New York City Municipal Water Finance Authority, RB, Fiscal 2009, Series A, 5.75%, 6/15/40 |
|
$ |
240 |
|
|
$ |
296,863 |
|
| New York City Municipal Water Finance Authority, Refunding RB, Second General Resolution: |
|
|
|
|
|
|
|
|
| Fiscal 2011, Series HH, 5.00%, 6/15/32 |
|
|
1,500 |
|
|
|
1,791,900 |
|
| Fiscal 2012, Series BB, 5.00%, 6/15/44 |
|
|
1,005 |
|
|
|
1,177,385 |
|
| Suffolk County Water Authority, Refunding RB, New York Water System, 3.00%, 6/01/25 |
|
|
1,996 |
|
|
|
2,127,635 |
|
| |
|
|
|
|
|
|
5,393,783 |
|
| Total Municipal Bonds in New York |
|
|
|
14,510,914 |
|
| |
|
|
|
|
|
|
|
|
| Puerto Rico — 2.7% |
|
|
|
|
|
|
|
|
| State — 2.7% |
|
|
|
|
|
| Puerto Rico Sales Tax Financing Corp., Refunding RB, Series C, 5.00%, 8/01/40 |
|
|
2,000 |
|
|
|
2,213,120 |
|
| Total Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts – 20.1% |
|
|
|
16,724,034 |
|
| Total Long-Term Investments
(Cost – $120,926,602) – 160.8% |
|
|
|
133,660,702 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Shares |
|
|
|
|
| Short-Term Securities |
|
|
|
|
|
|
|
|
| BIF New York Municipal Money Fund, 0.00% (j)(k) |
|
|
1,601,416 |
|
|
|
1,601,416 |
|
| Total Short-Term Securities
(Cost – $1,601,416) – 1.9% |
|
|
|
|
|
|
1,601,416 |
|
| Total Investments
(Cost - $122,528,018*) – 162.7% |
|
|
|
135,262,118 |
|
| Other Assets Less Liabilities – 1.4% |
|
|
|
1,143,732 |
|
| Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable – (10.7)% |
|
|
|
(8,866,708) |
|
| VRDP Shares, at Liquidation Value – (53.4)% |
|
|
|
(44,400,000) |
|
| Net Assets Applicable to Common
Shares – 100.0% |
|
|
$ |
83,139,142 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II |
|
NOVEMBER 30, 2012 |
|
5 |
|
|
|
|
|
|
| Schedule of Investments (continued) |
|
BlackRock New York Municipal Income
Trust II (BFY) |
|
|
|
|
|
|
|
| * |
|
As of November 30, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: |
|
|
|
Tax cost |
|
$ |
113,601,230 |
|
|
|
|
|
|
|
|
|
|
Gross unrealized appreciation |
|
$ |
13,355,981 |
|
|
|
Gross unrealized depreciation |
|
|
(556,315) |
|
|
|
|
|
|
|
|
|
|
Net unrealized appreciation |
|
$ |
12,799,666 |
|
|
|
|
|
|
|
|
|
|
| (a) |
|
Variable rate security. Rate shown is as of report date. |
|
| (b) |
|
Issuer filed for bankruptcy and/or is in default of principal and/or interest payments. |
|
| (c) |
|
Represents a zero-coupon bond. Rate shown reflects the current yield as of report date. |
|
| (d) |
|
Non-income producing security. |
|
| (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) |
|
When-issued security. Unsettled when-issued transactions were as follows: |
|
|
|
|
|
|
|
|
|
|
| Counterparty |
|
Value |
|
|
Unrealized
Appreciation |
|
| RBC Capital Markets |
|
$ |
818,112 |
|
|
$ |
5,458 |
|
| (g) |
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. |
| (h) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to
qualified institutional investors. |
| (i) |
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. |
| (j) |
Investments in issuers considered to be an affiliate of the Trust during the period ended November 30, 2012, for purposes of Section 2(a)(3) of the Investment Company
Act of 1940, as amended, were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affiliate |
|
Shares
Held at
August 31,
2012 |
|
|
Net
Activity |
|
|
Shares
Held at
November 30,
2012 |
|
|
Income |
|
|
|
|
|
|
| BIF New York Municipal Money Fund |
|
|
459,702 |
|
|
|
1,141,714 |
|
|
|
1,601,416 |
|
|
$ |
— |
|
| (k) |
Represents the current yield as of report date.
|
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. |
| AGC |
|
Assured Guaranty Corp. |
| AGM |
|
Assured Guaranty Municipal Corp. |
| AMBAC |
|
American Municipal Bond Assurance Corp. |
| AMT |
|
Alternative Minimum Tax (subject to) |
| BARB |
|
Building Aid Revenue Bonds |
| CAB |
|
Capital Appreciation Bonds |
| CIFG |
|
CDC IXIS Financial Guaranty |
| ERB |
|
Education Revenue Bonds |
| FHA |
|
Federal Housing Administration |
| Ginnie Mae |
|
Government National Mortgage Association |
| GO |
|
General Obligation Bonds |
| HFA |
|
Housing Finance Agency |
| LRB |
|
Lease Revenue Bonds |
| NPFGC |
|
National Public Finance Guarantee Corp. |
| PILOT |
|
Payment in Lieu of Taxes |
| RB |
|
Revenue Bonds |
| SONYMA |
|
State of New York Mortgage Agency |
| Syncora |
|
Syncora Guarantee |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II |
|
NOVEMBER 30, 2012 |
|
6 |
|
|
|
|
|
|
| Schedule of Investments (concluded) |
|
BlackRock New York Municipal Income Trust II (BFY) |
| — |
|
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. These inputs to valuation techniques 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 that the Trust has the ability to access
|
| |
— |
|
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 hierarchy gives the highest priority to
unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is
greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair
value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
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 is based on the pricing transparency
of the investment 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 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 Trust’s investments categorized in the disclosure hierarchy as of
November 30, 2012:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Level 1 |
|
|
|
Level 2 |
|
|
|
Level 3 |
|
|
|
Total |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Investments1 |
|
|
— |
|
|
$ |
133,660,702 |
|
|
|
— |
|
|
$ |
133,660,702 |
|
| Short-Term Securities |
|
$ |
1,601,416 |
|
|
|
— |
|
|
|
— |
|
|
|
1,601,416 |
|
|
|
|
|
|
| Total |
|
$ |
1,601,416 |
|
|
$ |
133,660,702 |
|
|
|
— |
|
|
$ |
135,262,118 |
|
|
|
|
|
|
1 See above Schedule of Investments
for values in each sector.
Certain of the Trust’s liabilities are held at carrying amount, which approximates fair value for financial reporting
purposes. As of November 30, 2012, such liabilities are categorized within the disclosure hierarchy as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Level 1 |
|
|
|
Level 2 |
|
|
|
Level 3 |
|
|
|
Total |
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOB trust certificates |
|
|
— |
|
|
$ |
(8,861,222) |
|
|
|
— |
|
|
$ |
(8,861,222) |
|
| VRDP Shares |
|
|
— |
|
|
|
(44,400,000) |
|
|
|
— |
|
|
|
(44,400,000) |
|
|
|
|
|
|
| Total |
|
|
— |
|
|
$ |
(53,261,222) |
|
|
|
— |
|
|
$ |
(53,261,222) |
|
|
|
|
|
|
There were no transfers between levels during the period ended November 30, 2012.
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II |
|
NOVEMBER 30, 2012 |
|
7 |
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
Municipal Income Trust II
|
|
|
| By: |
|
/s/ John M. Perlowski |
|
|
John M. Perlowski |
|
|
Chief Executive Officer (principal executive officer) of |
|
|
BlackRock New York Municipal Income Trust II |
Date: January 23, 2013
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 Municipal Income Trust II |
Date: January 23, 2013
|
|
|
| By: |
|
/s/ Neal J. Andrews |
|
|
Neal J. Andrews |
|
|
Chief Financial Officer (principal financial officer) of |
|
|
BlackRock New York Municipal Income Trust II |
Date: January 23, 2013