BlackRock New York Municipal Income Trust Announces Standstill Agreement

Summary

On January 20, 2025, BlackRock New York Municipal Income Trust, along with its Investment Advisor, entered into a standstill agreement with Saba Capital Management, L.P. The agreement requires Saba to abide by certain standstill covenants, withdraw a shareholder proposal, and vote in line with the Fund's Board recommendations on shareholder matters until the 2027 annual meeting or August 31, 2027, whichever is earlier.