Form DFAN14A - Additional definitive proxy soliciting materials filed by non-management and Rule 14(a)(12) material
June 14 2024 - 5:14PM
Edgar (US Regulatory)
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
Filed by the Registrant o
Filed by a Party other than the Registrant þ
Check the appropriate box:
o |
Preliminary Proxy Statement |
o |
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
o |
Definitive Proxy Statement |
þ |
Definitive Additional Materials |
o |
Soliciting Material Under Rule 14a-12 |
BlackRock MuniHoldings New York Quality Fund, Inc.
(Name of Registrant as Specified In Its Charter)
Saba Capital Management, L.P.
(Name of Person(s) Filing Proxy Statement, if
other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
þ |
No fee required. |
o |
Fee paid previously with preliminary materials. |
o |
Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11. |
Boaz R. Weinstein (“Mr. Weinstein”) posted the message(s) below
to his X account.
Mr. Weinstein’s tweet reproduced above included a link to a press
release published on June 13, 2024, reproduced below.
Saba
Capital Reaches Agreement
with Two Invesco Closed-End Funds
Invesco Pennsylvania
Value Municipal Income Trust and Invesco Trust for Investment Grade New York Municipals to Each Commence Cash Tender Offers for 25% of
Their Shares at 99% of NAV
June 13, 2024 04:15 PM
Eastern Daylight Time
NEW YORK--(BUSINESS
WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or
“we”), today announced that it has entered into a standstill agreement with each of the following funds advised by Invesco
Advisers, Inc.: Invesco Pennsylvania Value Municipal Income Trust (NYSE: VPV) and Invesco Trust for Investment Grade New York Municipals
(NYSE: VTN) (collectively, the “Invesco Funds”).
Under the terms of the
agreements, the Invesco Funds will each commence tender offers to purchase a maximum of 25% of their outstanding common shares in cash.
The tender offers provide all shareholders the opportunity to tender some or all of their common shares at a price equal to 99% of the
Invesco Funds’ net asset value per share as determined as of the close of the regular trading session of the New York Stock Exchange
on the next trading day after the expiration or closing date of the tender offers, or, if the tender offers are extended, on the next
trading day after the day to which the tender offers are extended. The tender offers shall be commenced no earlier than October 31, 2024,
and no later than November 8, 2024.
The terms of the agreements
also provide for Saba rescinding its proposal to nominate candidates to serve on the Invesco Funds’ Boards of Trustees (the “Boards”)
and voting in accordance with the Boards’ recommendations on matters submitted to shareholders during its standstill period. Pursuant
to the agreements, Saba has also agreed to tender all of its common shares of the Invesco Funds in the tender offers.
About Saba Capital
Saba Capital
Management, L.P. is a global alternative asset management firm that seeks to deliver superior risk-adjusted returns for a diverse group
of clients. Founded in 2009 by Boaz Weinstein, Saba is a pioneer of credit relative value strategies and capital structure arbitrage.
Saba is headquartered in New York City. Learn more at www.sabacapital.com.
Contacts
Longacre Square Partners
Charlotte Kiaie / Kate Sylvester,
646-386-0091
ckiaie@longacresquare.com /
ksylvester@longacresquare.com
Saba Capital Management, L.P. (“Saba Capital”) sent the below
message to its listserv.
Saba Capital posted the below
to https://www.heyblackrock.com/.
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