UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

Filed by the Registrant  ☒

Filed by a Party other than the Registrant  ☐

 

Check the appropriate box:

  

☐   Preliminary Proxy Statement

  

☐   Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

 

☐   Definitive Proxy Statement

☒   Definitive Additional Materials

☐   Soliciting Material Pursuant to § 240.14a-12

BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.

(Name of Registrant as Specified In Its Charter)

 

 

(Name of Person(s) Filing Proxy Statement, if Other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

 

 

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Fee paid previously with preliminary materials.

 

 

Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.


LOGO

Your Vote Matters BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE: MHN) Defend YOUR Fund, Save YOUR Income Your vote has never mattered more. At MHN’s upcoming annual meeting on June 18, activist hedge fund Saba Capital Management (“Saba”) is threatening your dependable, income-paying investment by attempting to install its own hand-picked Board nominees. If Saba prevails, your Fund—and the consistent monthly income you rely on—will be at risk. BlackRock is fighting for YOU. Vote today ONLY on the WHITE proxy card: “FOR” the BlackRock Board nominees ! IMPORTANT: DO NOT RETURN ANY GOLD CARD YOU RECEIVE FROM SABA MHN delivers on its investment objective and provides YOUR Board YOU with tax-exempt income puts YOU first: 29.9% 9.5% Tax-exempt MHN Distribution Growth Tax equivalent yield2 income over past year1 MHN has outperformed peers over 5- and 10-year Risk periods1 diversification Total Shareholder Return1 Peer median MHN Share buybacks 35.7% 10 years 36.9% 7.5% Fee waivers and 5 years 9.3% reductions Saba overpromises and underperforms. The risks in supporting Saba include: WIDER DISCOUNTS HIGHER FEES RISKY STRATEGIES The funds Saba has Saba raised costs, including Saba forces their funds’ commandeered now trade at hidden management fees from investments into risky, speculative wider discounts to net asset value underlying funds, at both strategies, like SPACs, crypto and since Saba took over closed-end funds Saba took over hedge funds. 1. Bloomberg as of 4/30/24; Notes: Peer set includes MYN, BNY, ENX, VTN, NRK, NAN, PNF, PNI, and PYN; Total shareholder return on price (assumes dividends are reinvested) 2. Morningstar data as of 3/31/2024; Assumes a federal tax rate of 37.00% and a New York tax rate of 10.90% for a total combined rate of 47.90%


LOGO

We ask that all shareholders vote on the enclosed WHITE proxy card today to preserve YOUR Fund: Using the WHITE proxy card, your qualified Board unanimously recommends voting “FOR” the Board’s Nominees, who have created value for all shareholders. DO NOT RETURN ANY GOLDCARD SENT TO YOU BY SABA, AS YOUR BLACKROCK VOTE WILL BE VOIDED How do I vote? Vote online Vote by phone Vote by mail Using the website provided By calling the toll-free By completing and on your enclosed WHITE number on your enclosed returning your enclosed proxy card and following WHITE proxy card and WHITE proxy card in the the simple instructions following the simple postage paid envelope instructions provided Please do NOT send back any gold proxy card you may receive from Saba If you have already sent back the proxy card received from Saba, you can still change your vote by promptly voting on the WHITE proxy card, which will replace the proxy card you previously completed. If you have any questions about the proposal to be voted, please feel free to contact Georgeson LLC (“Georgeson”), toll free at 1-866-529-0465. Important information about the Fund This material is not an advertisement and is intended for existing shareholder use only. This document and the information contained herein relates solely to BlackRock MuniHoldings New York Quality Fund, Inc. (MHN). The information contained herein does not relate to, and is not relevant to, any other fund or product sponsored or distributed by BlackRock or any of its affiliates. This document is not an offer to sell any securities and is not a solicitation of an offer to buy any securities. Common shares for the closed-end fund identified above are only available for purchase and sale at current market price on a stock exchange. A closed-end fund’s dividend yield, market price and NAV will fluctuate with market conditions. The information for this Fund is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Performance results reflect past performance and are no guarantee of future results. Current performance may be lower or higher than the performance data quoted. All returns assume reinvestment of all dividends. The market value and net asset value (NAV) of a fund’s shares will fluctuate with market conditions. Closed-end funds may trade at a premium to NAV but often trade at a discount. © 2024 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc., or its affiliates. All other trademarks are those of their respective owners. May 2024 | BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) Not FDIC Insured • May Lose Value • No Bank Guarantee MHN_2024_FL3


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