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Blackrock New York Municipal Income Trust Ii

Blackrock New York Municipal Income Trust II (BFY) is a a close-end investment company that invests mainly in long-term municipal bonds exempt from federal income tax and the alternative minimum tax(AMT).

Here'ing some general information about the company:

1. The company's 52–week low is $11.82, and the 52–week high is $14.20. The stock traded at around $13.49 at the time of writing.

2. Net assets for the company stood at around $213.06 million as of August 31, 2022.

3. The trailing 12-month dividend yield is 4.82%.

4. The company's next dividend payment is expected to go out on September 29, 2022, to shareholders on record before September 15, 2022. The forecasted cash dividend for the payment is $0.0547 per share.

5. Over the past 12 months, the stock has lost 10.7% of its value, underperforming the S&P 500, which was down 6.8%. Over the last five years, the stock has gained 15%, easily beating the S&P 500's 5.2% return.

6. The fund's top holdings are COMM 6.75%, NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY 4.35%, MTA REVENUE 3.83%, NYC MUNICIPAL WATER FINANCE AUTHORITY 3.18%, and SALES-Tax 3%.

7. BlackRock Inc holds a 76.64% stake in the company and has a 2.26% stake in the portfolio.

8. Earnings per share (EPS) for the company are $0.14, which is an increase from previous years.

9. The enterprise value to earnings multiple is 29.5, and the P/E ratio is 29.5.

In summary, The Blackrock New York Municipal Income Trust II's long-term investment in municipal bonds has allowed for consistent revenue flow through dividends and interest. The fund's closed-end status offers the flexibility to explore more opportunities for sustainable growth. However, the company has yet to demonstrate any growth, which could be a concern for investors. Furthermore, the fund managers' expertise and record of success reveal their skill in maneuvering the municipal bond market.