| | |
Schedule of Investments (unaudited) October 31, 2019 | | BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Municipal Bonds — 125.4% | |
|
New York — 122.1% | |
|
Corporate — 7.2% | |
Build NYC Resource Corp., Refunding RB, Pratt Paper, Inc. Project, AMT, 4.50%, 01/01/25(a) | | $ | 500 | | | $ | 540,695 | |
City of New York Industrial Development Agency, Refunding RB, Transportation Infrastructure Properties LLC, Series A, AMT, 5.00%, 07/01/22 | | | 850 | | | | 921,715 | |
New York Transportation Development Corp., ARB, Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment Project, AMT, 5.00%, 01/01/33 | | | 1,000 | | | | 1,196,180 | |
New York Transportation Development Corp., Refunding ARB, American Airlines, Inc., AMT, 5.00%, 08/01/26 | | | 1,000 | | | | 1,045,370 | |
Niagara Area Development Corp., Refunding RB, Covanta Project, Series B, 3.50%, 11/01/24(a) | | | 1,000 | | | | 1,043,750 | |
| | | | | | | | |
| | | | | | | 4,747,710 | |
|
County/City/Special District/School District — 20.0% | |
City of Glen Cove New York, GO: | | | | | | | | |
Series A, 5.00%, 01/01/25 | | | 195 | | | | 226,299 | |
Series A, 5.00%, 01/01/26 | | | 105 | | | | 124,643 | |
Refunding, 5.00%, 01/15/25 | | | 500 | | | | 580,445 | |
Refunding, 5.00%, 01/15/26 | | | 520 | | | | 617,776 | |
City of New York, GO, Refunding, Series E, 5.00%, 08/01/30 | | | 1,250 | | | | 1,394,875 | |
City of New York, GO,Sub-Series A-1, 5.00%, 08/01/33 | | | 700 | | | | 789,705 | |
City of New York Industrial Development Agency, RB, PILOT, Queens Baseball Stadium (AMBAC), 5.00%, 01/01/31 | | | 1,000 | | | | 1,002,570 | |
City of New York Transitional Finance Authority Future Tax Secured Revenue, RB, Future Tax Secured: | | | | | | | | |
Subordinate Bonds, 5.00%, 02/01/34 | | | 600 | | | | 727,296 | |
Sub-Series A1, 5.00%, 08/01/33 | | | 300 | | | | 374,970 | |
City of Poughkeepsie New York, Refunding, GOL: | | | | | | | | |
5.00%, 06/01/25 | | | 235 | | | | 268,838 | |
5.00%, 06/01/31 | | | 265 | | | | 302,013 | |
County of Nassau New York, GOL, Series A (AGM), 5.00%, 04/01/32 | | | 1,000 | | | | 1,234,030 | |
County of Nassau New York, Refunding, GOL, Series C, 5.00%, 10/01/29 | | | 500 | | | | 613,360 | |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
County/City/Special District/School District (continued) | |
Hudson Yards Infrastructure Corp., RB, Senior, Fiscal 2012: | | | | | | | | |
5.75%, 02/15/21(b) | | $ | 615 | | | $ | 651,648 | |
5.75%, 02/15/47 | | | 385 | | | | 404,446 | |
New York Liberty Development Corp., Refunding RB, 4 World Trade Center Project, 5.00%, 11/15/31 | | | 1,000 | | | | 1,070,340 | |
State of New York Dormitory Authority, RB, Haverstraw King’s Daughters Public Library, 5.00%, 07/01/26 | | | 1,015 | | | | 1,077,534 | |
Town of Oyster Bay New York, GOL, New York Public Improvement, 4.00%, 02/15/24 | | | 1,500 | | | | 1,626,795 | |
| | | | | | | | |
| | | | | | | 13,087,583 | |
|
Education — 38.3% | |
Amherst Development Corp., Refunding RB, University at Buffalo Foundation Faculty-Student Housing Corp., Series A (AGM), 4.00%, 10/01/20(b) | | | 1,000 | | | | 1,026,400 | |
Build NYC Resource Corp., RB(a): | | | | | | | | |
Inwood Academy for Leadership Charter School Project, Series A, 4.88%, 05/01/31 | | | 750 | | | | 813,668 | |
New Dawn Charter Schools Project, 5.00%, 02/01/33 | | | 500 | | | | 517,415 | |
Build NYC Resource Corp., Refunding RB: | | | | | | | | |
Ethical Culture Fieldston School Project, 5.00%, 06/01/30 | | | 385 | | | | 449,230 | |
Manhattan College Project, 5.00%, 08/01/33 | | | 275 | | | | 334,320 | |
Manhattan College Project, 5.00%, 08/01/35 | | | 1,000 | | | | 1,209,450 | |
The Packer Collegiate Institute Project, 5.00%, 06/01/35 | | | 250 | | | | 287,308 | |
City of New York Trust for Cultural Resources, Refunding RB, American Museum of Natural History, Series A, 5.00%, 07/01/32 | | | 500 | | | | 579,885 | |
Counties of Buffalo & Erie New York Industrial Land Development Corp., Refunding RB: | | | | | | | | |
Buffalo State College Foundation Housing, 6.00%, 10/01/31 | | | 1,000 | | | | 1,064,300 | |
The Charter School for Applied Technologies Project, Series A, 4.50%, 06/01/27 | | | 1,000 | | | | 1,109,590 | |
County of Monroe New York Industrial Development Corp., Refunding RB, Series A, 5.00%, 07/01/23(b) | | | 1,000 | | | | 1,140,570 | |
1
| | |
Schedule of Investments (unaudited) (continued) October 31, 2019 | | BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Education (continued) | |
County of Nassau New York Industrial Development Agency, Refunding RB, New York Institute of Technology Project, Series A, 5.00%, 03/01/20(b) | | $ | 1,000 | | | $ | 1,012,720 | |
County of Schenectady New York Capital Resource Corp., Refunding RB, Union College, 5.00%, 07/01/32 | | | 500 | | | | 546,415 | |
State of New York Dormitory Authority, RB: | | | | | | | | |
Bid Group 3, Series A, 5.00%, 03/15/33 | | | 1,000 | | | | 1,239,420 | |
Convent of the Sacred Heart (AGM), 5.00%, 11/01/21 | | | 120 | | | | 126,362 | |
Fordham University, Series A, 5.25%, 07/01/21(b) | | | 500 | | | | 534,455 | |
Icahn School of Medicine at Mount Sinai, Series A, 5.00%, 07/01/32 | | | 1,000 | | | | 1,171,360 | |
Mount Sinai School of Medicine, Series A (NPFGC), 5.15%, 07/01/24 | | | 250 | | | | 280,885 | |
State University Dormitory Facilities, Series A, 5.00%, 07/01/33 | | | 1,000 | | | | 1,251,600 | |
Touro College & University System Obligation Group, Series A, 4.13%, 01/01/30 | | | 1,000 | | | | 1,079,050 | |
State of New York Dormitory Authority, Refunding RB: | | | | | | | | |
Fordham University, 5.00%, 07/01/29 | | | 375 | | | | 435,491 | |
Fordham University, 5.00%, 07/01/30 | | | 300 | | | | 347,784 | |
Pace University, Series A, 5.00%, 05/01/27 | | | 980 | | | | 1,080,107 | |
Series B, 5.00%, 07/01/31 | | | 1,500 | | | | 1,776,525 | |
Series E, 5.25%, 03/15/33 | | | 500 | | | | 598,425 | |
Series L, 5.00%, 01/01/32 | | | 1,750 | | | | 2,170,875 | |
State University Dormitory Facilities, Series A, 5.25%, 07/01/30 | | | 1,050 | | | | 1,199,730 | |
The Culinary Institute of America, 5.00%, 07/01/28 | | | 500 | | | | 539,045 | |
Troy Capital Resource Corp., Refunding RB, 5.00%, 08/01/32 | | | 1,000 | | | | 1,184,290 | |
| | | | | | | | |
| | | | | | | 25,106,675 | |
|
Health — 15.4% | |
Build NYC Resource Corp., Refunding RB, New York Methodist Hospital Project, 5.00%, 07/01/30 | | | 500 | | | | 574,140 | |
County of Dutchess New York Industrial Development Agency, RB, Vassar Brothers Medical Center (AGC), 5.00%, 10/01/20(b) | | | 215 | | | | 222,613 | |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Health (continued) | |
County of Dutchess New York Local Development Corp., Refunding RB, Health Quest System, Inc., Series A (AGM), 5.25%, 07/01/20(b) | | $ | 1,000 | | | $ | 1,027,310 | |
County of Monroe Industrial Development Corp., RB, Rochester General Hospital Project, 5.00%, 12/01/29 | | | 660 | | | | 792,198 | |
County of Westchester New York Healthcare Corp., Refunding RB, Senior Lien: | | | | | | | | |
Remarketing, Series A, 5.00%, 11/01/24 | | | 910 | | | | 970,761 | |
Remarketing, Series A, 5.00%, 11/01/30 | | | 580 | | | | 616,580 | |
Series B, 6.00%, 11/01/20(b) | | | 205 | | | | 214,992 | |
Series B, 6.00%, 11/01/30 | | | 35 | | | | 36,469 | |
County of Westchester New York Local Development Corp., Refunding RB: | | | | | | | | |
Kendal On Hudson Project, 4.00%, 01/01/23 | | | 250 | | | | 259,612 | |
Kendal On Hudson Project, 5.00%, 01/01/28 | | | 875 | | | | 950,381 | |
Westchester Medical Center, 5.00%, 11/01/34 | | | 500 | | | | 573,345 | |
State of New York Dormitory Authority, RB, New York University Hospitals Center, Series A, 5.00%, 07/01/20(b) | | | 1,000 | | | | 1,025,680 | |
State of New York Dormitory Authority, Refunding RB: | | | | | | | | |
Catholic Health Syatem Obligation, 5.00%, 07/01/34 | | | 160 | | | | 198,309 | |
Mount Sinai Hospital Series A, 4.25%, 07/01/23 | | | 250 | | | | 254,930 | |
North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/21(b) | | | 500 | | | | 529,005 | |
North Shore-Long Island Jewish Obligated Group, Series A, 5.00%, 05/01/32 | | | 1,270 | | | | 1,469,771 | |
Orange Regional Medical Center, 5.00%, 12/01/27(a) | | | 100 | | | | 120,958 | |
Orange Regional Medical Center, 5.00%, 12/01/28(a) | | | 200 | | | | 241,700 | |
| | | | | | | | |
| | | | | | | 10,078,754 | |
|
Housing — 3.9% | |
City of New York Housing Development Corp., RB, M/F Housing, Series B1, 5.25%, 07/01/30 | | | 500 | | | | 561,545 | |
2
| | |
Schedule of Investments (unaudited) (continued) October 31, 2019 | | BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Housing (continued) | |
State of New York Mortgage Agency, Refunding RB, AMT, Series 218, 3.25%, 04/01/30 | | $ | 1,380 | | | $ | 1,454,699 | |
Yonkers New York Industrial Development Agency, RB, Sacred Heart Association Project, Series A, AMT (SONYMA), 4.80%, 10/01/26 | | | 560 | | | | 561,372 | |
| | | | | | | | |
| | | | | | | 2,577,616 | |
|
State — 5.7% | |
City of New York Transitional Finance Authority Building Aid Revenue, BARB, Fiscal 2015,Series S-1, 5.00%, 07/15/37 | | | 1,140 | | | | 1,325,786 | |
State of New York Urban Development Corp., Refunding RB, Personal Income Tax, Series A, 5.00%, 03/15/35 | | | 1,990 | | | | 2,374,408 | |
| | | | | | | | |
| | | | | | | 3,700,194 | |
|
Tobacco — 5.0% | |
County of Niagara New York Tobacco Asset Securitization Corp., Refunding RB, Asset-Backed, 5.25%, 05/15/34 | | | 500 | | | | 542,625 | |
New York Counties Tobacco Trust, Refunding RB, Tobacco Settlement Pass-Through Bonds, Series B: | | | | | | | | |
5.00%, 06/01/25 | | | 845 | | | | 977,090 | |
5.00%, 06/01/28 | | | 90 | | | | 104,005 | |
5.00%, 06/01/29 | | | 105 | | | | 120,665 | |
TSASC, Inc., Refunding RB, Series A: | | | | | | | | |
5.00%, 06/01/30 | | | 775 | | | | 924,079 | |
5.00%, 06/01/33 | | | 500 | | | | 589,795 | |
| | | | | | | | |
| | | | | | | 3,258,259 | |
|
Transportation — 18.5% | |
Metropolitan Transportation Authority, RB: | | | | | | | | |
Series A, 5.00%, 11/15/21(b) | | | 1,000 | | | | 1,078,760 | |
SeriesA-1, 5.25%, 11/15/23(b) | | | 500 | | | | 582,140 | |
Series B, 5.25%, 11/15/33 | | | 1,000 | | | | 1,152,340 | |
Series B (NPFGC), 5.25%, 11/15/19 | | | 860 | | | | 861,058 | |
Sub-SeriesB-1, 5.00%, 11/15/21(b) | | | 460 | | | | 496,230 | |
Sub-SeriesB-4, 5.00%, 11/15/21(b) | | | 300 | | | | 323,628 | |
Sub-SeriesD-1, 5.25%, 11/15/44 | | | 225 | | | | 258,709 | |
Niagara Frontier Transportation Authority, Refunding RB, AMT, Buffalo Niagara International Airport, 5.00%, 04/01/33 | | | 375 | | | | 456,949 | |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Transportation (continued) | |
Port Authority of New York & New Jersey, ARB, JFK International Air Terminal LLC Project, Series 8, 5.00%, 12/01/20 | | $ | 350 | | | $ | 357,010 | |
Port Authority of New York & New Jersey, Refunding RB, 178th Series, AMT, 5.00%, 12/01/32 | | | 1,000 | | | | 1,128,110 | |
State of New York Thruway Authority, Refunding RB, General: | | | | | | | | |
Series I, 5.00%, 01/01/22(b) | | | 660 | | | | 714,984 | |
Series K, 5.00%, 01/01/32 | | | 1,035 | | | | 1,208,901 | |
Triborough Bridge & Tunnel Authority, RB: | | | | | | | | |
Series B, 5.00%, 11/15/31 | | | 2,005 | | | | 2,398,742 | |
SeriesB-3, 5.00%, 11/15/33 | | | 500 | | | | 596,130 | |
Triborough Bridge & Tunnel Authority, Refunding RB, Series A, 5.00%, 01/01/22(b) | | | 500 | | | | 541,830 | |
| | | | | | | | |
| | | | | | | 12,155,521 | |
|
Utilities — 8.1% | |
Long Island Power Authority, RB, Electric System, 5.00%, 09/01/33 | | | 1,000 | | | | 1,245,810 | |
Long Island Power Authority, Refunding RB, Electric System, Series A, 5.00%, 09/01/34 | | | 1,000 | | | | 1,148,360 | |
State of New York Environmental Facilities Corp., RB, Green Bond, Series C, 5.00%, 08/15/37 | | | 575 | | | | 708,492 | |
State of New York Environmental Facilities Corp., Refunding RB, NYC Municipal Water Finance Authority Project, 2nd Resolution, Series B, 5.00%, 06/15/31 | | | 1,000 | | | | 1,060,720 | |
Utility Debt Securitization Authority, Refunding RB, New York Restructuring, Series E, 5.00%, 12/15/32 | | | 1,000 | | | | 1,142,480 | |
| | | | | | | | |
| | | | | | | 5,305,862 | |
| | | | | | | | |
| |
Total Municipal Bonds in New York | | | 80,018,174 | |
| | | | | | | | |
| | |
Puerto Rico — 3.3% | | | | | | |
|
State — 3.3% | |
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, Restructured,Series A-1: | | | | | | | | |
CAB, 0.00%, 07/01/27(c) | | | 2,155 | | | | 1,719,604 | |
4.50%, 07/01/34 | | | 413 | | | | 440,952 | |
| | | | | | | | |
| |
Total Municipal Bonds in Puerto Rico | | | | 2,160,556 | |
| | | | | | | | |
| |
Total Municipal Bonds — 125.4% (Cost — $76,909,457) | | | | 82,178,730 | |
| | | | | | | | |
3
| | |
Schedule of Investments (unaudited) (continued) October 31, 2019 | | BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Municipal Bonds Transferred to Tender Option Bond Trusts(d) — 36.2% | |
|
New York — 36.2% | |
|
County/City/Special District/School District — 15.5% | |
City of New York, GO: | | | | | | | | |
Sub-Series1-I, 5.00%, 03/01/32 | | $ | 990 | | | $ | 1,137,924 | |
Sub-SeriesG-1, 5.00%, 04/01/29 | | | 750 | | | | 816,248 | |
Refunding Series E, 5.00%, 08/01/19(b) | | | 122 | | | | 122,099 | |
Refunding Series E, 5.00%, 08/01/27 | | | 298 | | | | 298,728 | |
City of New York Convention Center Development Corp., Refunding RB, Hotel Unit Fee Secured, 5.00%, 11/15/32 | | | 3,540 | | | | 4,244,283 | |
City of New York Transitional Finance Authority Future Tax Secured Revenue, RB, Future Tax Secured Subordinate Bonds,SubSeries B-1, 5.00%, 08/01/36 | | | 3,001 | | | | 3,590,072 | |
| | | | | | | | |
| | | | | | | 10,209,354 | |
|
State — 8.0% | |
Sales Tax Asset Receivable Corp., Refunding RB, Fiscal 2015, Series A, 5.00%, 10/15/31 | | | 990 | | | | 1,158,973 | |
State of New York Dormitory Authority, Refunding RB, Series A, 5.00%, 03/15/36(e) | | | 1,995 | | | | 2,390,050 | |
State of New York Urban Development Corp., RB, Personal Income Tax,Series A-1, 5.00%, 03/15/32 | | | 1,499 | | | | 1,677,617 | |
| | | | | | | | |
| | | | | | | 5,226,640 | |
|
Transportation — 10.2% | |
Metropolitan Transportation Authority, RB,Sub-Series D-1, 5.00%, 11/15/39 | | | 3,510 | | | | 4,000,838 | |
Metropolitan Transportation Authority, Refunding RB, Series B, 5.25%, 11/15/19(b) | | | 749 | | | | 750,163 | |
| | | | | | | | |
Security | | Par (000) | | | Value | |
|
Transportation (continued) | |
Port Authority of New York & New Jersey, Refunding ARB: | | | | | | | | |
178th Series, AMT, 5.00%, 12/01/32 | | $ | 991 | | | $ | 1,117,947 | |
Consolidated, Series 169th, 5.00%, 10/15/26 | | | 750 | | | | 801,442 | |
| | | | | | | | |
| | | | | | | 6,670,390 | |
|
Utilities — 2.5% | |
City of New York Municipal Water Finance Authority, Refunding RB, Water & Sewer System, 2nd General Resolution, Fiscal 2011, Series HH, 5.00%, 06/15/32 | | | 1,560 | | | | 1,654,973 | |
| | | | | | | | |
| |
Total Municipal Bonds Transferred to Tender Option Bond Trusts — 36.2% (Cost — $22,267,301) | | | | 23,761,357 | |
| | | | | | | | |
| |
Total Long-Term Investments — 161.6% (Cost — $99,176,758) | | | | 105,940,087 | |
| | | | | | | | |
| | |
| | Shares | | | | |
|
Short-Term Securities — 1.3% | |
BlackRock Liquidity Funds New York Money Fund Portfolio, 0.98%(f)(g) | | | 845,173 | | | | 845,173 | |
| | | | | | | | |
| |
Total Short-Term Securities — 1.3% (Cost — $845,173) | | | | 845,173 | |
| | | | | | | | |
| |
Total Investments — 162.9% (Cost — $100,021,931) | | | | 106,785,260 | |
| |
Other Assets Less Liabilities — 2.3% | | | | 1,525,545 | |
| |
Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (20.3)% | | | | (13,279,257 | ) |
| |
VRDP Shares, at Liquidation Value, Net of Deferred Offering Costs — (44.9)% | | | | (29,468,189 | ) |
| | | | | | | | |
| |
Net Assets Applicable to Common Shares — 100.0% | | | $ | 65,563,359 | |
| | | | | | | | |
(a) | 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. |
(b) | U.S. 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. |
(d) | Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing. |
(e) | All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreement, which expires on 09/15/2014, is $1,386,260. |
(f) | Annualized7-day yield as of period end. |
4
| | |
Schedule of Investments (unaudited) (continued) October 31, 2019 | | BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) |
(g) | During the period ended October 31, 2019, investments in issuers considered to be an affiliate/affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Affiliate | | Shares Held at 07/31/19 | | | Net Activity | | | Shares Held at 10/31/19 | | | Value at 10/31/19 | | | Income | | | Net Realized Gain (Loss) (a) | | | Change in Unrealized Appreciation (Depreciation) | |
BlackRock Liquidity Funds New York Money Fund Portfolio | | | 1,062,740 | | | | (217,567 | ) | | | 845,173 | | | $ | 845,173 | | | $ | 2,820 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (a) | Includes net capital gain distributions, if applicable. | |
For Fund compliance purposes, the Fund’s sector classifications refer to one or more of the sectorsub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by the investment advisor. These definitions may not apply for purposes of this report, which may combine such sectorsub-classifications for reporting ease.
| | |
Portfolio Abbreviations |
| |
AGC | | Assured Guarantee Corp. |
| |
AGM | | Assured Guaranty Municipal Corp. |
| |
AMBAC | | American Municipal Bond Assurance Corp. |
| |
AMT | | Alternative Minimum Tax (subject to) |
| |
ARB | | Airport Revenue Bonds |
| |
BARB | | Building Aid Revenue Bonds |
| |
CAB | | Capital Appreciation Bonds |
| |
GO | | General Obligation Bonds |
| |
M/F | | Multi-Family |
| |
NPFGC | | National Public Finance Guarantee Corp. |
| |
PILOT | | Payment in Lieu of Taxes |
| |
RB | | Revenue Bonds |
| |
SONYMA | | State of New York Mortgage Agency |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
| | | | | | | | | | | | | | | | |
Description | | Number of Contracts | | | Expiration Date | | | Notional
Amount (000) | | | Value/ Unrealized Appreciation (Depreciation) | |
Short Contracts | | | | | | | | | | | | | | | | |
10-Year U.S. Treasury Note | | | 13 | | | | 12/19/19 | | | $ | 1,694 | | | | 1,919 | |
Long U.S. Treasury Bond | | | 3 | | | | 12/19/19 | | | | 484 | | | | 962 | |
5-Year U.S. Treasury Note | | | 8 | | | | 12/31/19 | | | | 954 | | | | 1,807 | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | $ | 4,688 | |
| | | | | | | | | | | | | | | | |
5
| | |
Schedule of Investments (unaudited) (continued) October 31, 2019 | | BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| • | | Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund 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 BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee”) Own assumptions used in determining the fair value of investments and derivative financial instruments) |
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 fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its annual report.
The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:
| | | | | | | | | | | | | | | | |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Assets: | |
Investments: | |
Long-Term Investments(a) | | $ | — | | | $ | 105,940,087 | | | $ | — | | | $ | 105,940,087 | |
Short-Term Securities | | | 845,173 | | | | — | | | | — | | | | 845,173 | |
| | | | | | | | | | | | | | | | |
Total | | $ | 845,173 | | | $ | 105,940,087 | | | $ | — | | | $ | 106,785,260 | |
| | | | | | | | | | | | | | | | |
Derivative Financial Instruments(b) | |
Assets: | |
Interest rate contracts | | $ | 4,688 | | | $ | — | | | $ | — | | | $ | 4,688 | |
| | | | | | | | | | | | | | | | |
| (a) | See above Schedule of Investments for values in each sector. | |
| (b) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. | |
The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
| | | | | | | | | | | | | | | | |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Liabilities: | |
TOB Trust Certificates | | $ | — | | | $ | (13,240,550 | ) | | $ | — | | | $ | (13,240,550 | ) |
VRDP Shares at Liquidation Value | | | — | | | | (29,600,000 | ) | | | — | | | | (29,600,000 | ) |
| | | | | | | | | | | | | | | | |
| | $ | — | | | $ | (42,840,550 | ) | | $ | — | | | $ | (42,840,550 | ) |
| | | | | | | | | | | | | | | | |
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