Fund Description: BlackRock New York Municipal Income Quality Trust, formerly BlackRock New York Insured Municipal Income Trust, is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, perpetual, closed-end management investment company. INVESTMENT OBJECTIVE: The BlackRock New York Municipal Income Quality Trust seeks to provide current income exempt from federal income tax, including the alternative minimum tax, and New York State and New York City personal income taxes. TRUST STRATEGY: The Trust invests at least 80% of its assets in municipal obligations exempt from federal income taxes (including the alternative minimum tax) and New York State and New York City personal income taxes. The Trust invests primarily in municipal bonds that are investment grade quality at the time of investment. The Trust may invest directly in such securities or synthetically through the use of derivatives. TRUST MANAGEMENT: BlackRock Advisors, LLC serves as the Trust’s investment adviser.