Vikram Malhotra Elected to BNY Board of Directors

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Malhotra, a senior partner at McKinsey & Company since 1998, brings extensive experience in strategic, organizational, and growth priorities to the board. His appointment increases the board size to 12 directors, 11 of whom are independent. Malhotra's background includes leadership roles at McKinsey, service on the Wharton Advisory Board, and trustee positions at the Asia Society and Touch Health. He holds an MBA from The Wharton School and a BA in Economics from the London School of Economics.

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About BlackRock New York Municipal Income Trust

BlackRock New York Municipal Income Trust is a closed-end management investment company focused on generating tax-advantaged income for investors through the New York municipal bond market. The trust primarily invests in long-term, investment-grade municipal obligations issued by New York State, its municipalities, and related public authorities, with interest income generally exempt from U.S. federal income tax. Its portfolio is diversified across revenue sectors such as transportation, utilities, infrastructure, and essential public services, providing exposure to bonds backed by various streams of New York tax and project revenues. Managed by BlackRock, the trust employs professional credit research and portfolio management to construct and maintain a high-quality bond portfolio, typically emphasizing creditworthiness and income stability. BlackRock New York Municipal Income Trust plays a role in the municipal bond market by channeling investor capital into the financing of public projects in New York while offering a specialized vehicle for those seeking state-specific, tax-exempt income exposure within a single, actively managed product.