Positive
Seeking Alpha
5 months ago
BNY: For New Yorkers, For Income, But Interest Rate Risk
BlackRock New York Municipal Income Trust is a managed fund investing in NY municipal bonds, offering tax-free income for NY state and city taxpayers. This fund is most attractive to investors in high tax brackets seeking income, not capital gains, and who pay NY state and city taxes. Non-NY residents or those with low/no income tax liability should look elsewhere, as the tax advantages are specific to NY taxpayers.