XMHNX

About XMHNX

BlackRock MuniHoldings New York Quality Fund, Inc. is a non-diversified, closed-end management investment company focused on delivering current income that is exempt from federal income taxes. The primary function of this fund is to invest in a portfolio comprised predominantly of investment-grade municipal obligations issued by New York state and its local authorities, which supports tax-efficient income generation for shareholders, particularly those residing in New York. These municipal securities typically finance essential public projects such as infrastructure, education, and transportation within the state. The fund strategically allocates at least 80% of its assets to New York municipal debt, providing investors exposure to a targeted regional fixed income market. With a notable dividend yield, the fund plays a critical role for income-focused investors seeking to preserve capital while minimizing tax liabilities, especially in higher tax brackets. Its portfolio includes a diverse range of municipal bonds, emphasizing both credit quality and duration, and the fund is managed by BlackRock, a leader in fixed income asset management. This makes it a cornerstone option within the municipal bond fund space, serving investors seeking stable, tax-advantaged income over time.