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BlackRock New York Municipal Income calls $40.58 million preferreds
By Toni Weeks
San Diego, Sept. 16 - BlackRock New York Municipal Income Quality Trust will redeem all of its outstanding series R-7 auction market preferred shares on Oct. 7, according to a filing with the Securities and Exchange Commission.
Each of the 1,623 preferreds has a liquidation preference of $25,000, and the redemption will total $40,575,000.
BlackRock is an investment management firm based in New York.
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