-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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<SEC-DOCUMENT>0001140361-10-029137.txt : 20100712
<SEC-HEADER>0001140361-10-029137.hdr.sgml : 20100712
<ACCEPTANCE-DATETIME>20100712171416
ACCESSION NUMBER: 0001140361-10-029137
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20100712
DATE AS OF CHANGE: 20100712
GROUP MEMBERS: CITIGROUP FINANCIAL PRODUCTS INC.
GROUP MEMBERS: CITIGROUP GLOBAL MARKETS HOLDINGS INC.
GROUP MEMBERS: CITIGROUP GLOBAL MARKETS INC.
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: BLACKROCK NEW YORK MUNICIPAL INCOME TRUST
CENTRAL INDEX KEY: 0001137390
IRS NUMBER: 510409117
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-84630
FILM NUMBER: 10948703
BUSINESS ADDRESS:
STREET 1: 100 BELLEVUE PARKWAY
STREET 2: MUTUAL FUND DEPARTMENT
CITY: WILMINGTON
STATE: DE
ZIP: 19809
BUSINESS PHONE: 888-825-2257
MAIL ADDRESS:
STREET 1: 100 BELLEVUE PARKWAY
STREET 2: MUTUAL FUND DEPARTMENT
CITY: WILMINGTON
STATE: DE
ZIP: 19809
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: CITIGROUP INC
CENTRAL INDEX KEY: 0000831001
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 521568099
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: 399 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10043
BUSINESS PHONE: 2125591000
MAIL ADDRESS:
STREET 1: 399 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10043
FORMER COMPANY:
FORMER CONFORMED NAME: TRAVELERS GROUP INC
DATE OF NAME CHANGE: 19950519
FORMER COMPANY:
FORMER CONFORMED NAME: TRAVELERS INC
DATE OF NAME CHANGE: 19940103
FORMER COMPANY:
FORMER CONFORMED NAME: PRIMERICA CORP /NEW/
DATE OF NAME CHANGE: 19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>sc13g.txt
<DESCRIPTION>CITIGROUP INC SC 13G 12-31-2008
<TEXT>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.____)*
Blackrock New York Municipal Income Trust
- --------------------------------------------------------------------------------
(Name of Issuer)
Auction Rate Preferred
- --------------------------------------------------------------------------------
(Title of Class of Securities)
09248L-20-5
(See Item 2(e))
--------------------------------------------------------
(CUSIP Number)
December 31, 2008
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/X/ Rule 13d-1(b)
/ / Rule 13d-1(c)
/ / Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
Page 1
of 9 Pages
<Page>
SCHEDULE 13G
CUSIP NO. 09248L-20-5 Page 2 of 9 Pages
(See Item 2(e))
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Citigroup Global Markets Inc.
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION New York
- -------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER 0
SHARES
----------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 207*
OWNED BY
----------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER 0
REPORTING
----------------------------------------------------
PERSON (8) SHARED DISPOSITIVE POWER 207*
WITH:
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 207*
- -------------------------------------------------------------------------------
(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) / /
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.4%*
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) BD
- -------------------------------------------------------------------------------
* See Item 4
<Page>
SCHEDULE 13G
CUSIP NO. 09248L-20-5 Page 3 of 9 Pages
(See Item 2(e))
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Citigroup Financial Products Inc.
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- -------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER 0
SHARES
----------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 207*
OWNED BY
----------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER 0
REPORTING
----------------------------------------------------
PERSON (8) SHARED DISPOSITIVE POWER 207*
WITH:
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 207*
- -------------------------------------------------------------------------------
(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) / /
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.4%*
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO
- -------------------------------------------------------------------------------
* See Item 4
<Page>
SCHEDULE 13G
CUSIP NO. 09248L-20-5 Page 4 of 9 Pages
(See Item 2(e))
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Citigroup Global Markets Holdings Inc.
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION New York
- -------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER 0
SHARES
----------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 207*
OWNED BY
----------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER 0
REPORTING
----------------------------------------------------
PERSON (8) SHARED DISPOSITIVE POWER 207*
WITH:
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 207*
- -------------------------------------------------------------------------------
(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) / /
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.4%*
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC
- -------------------------------------------------------------------------------
* See Item 4
<Page>
SCHEDULE 13G
CUSIP NO. 09248L-20-5 Page 5 of 9 Pages
(See Item 2(e))
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Citigroup Inc.
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- -------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER 0
SHARES
----------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 207*
OWNED BY
----------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER 0
REPORTING
----------------------------------------------------
PERSON (8) SHARED DISPOSITIVE POWER 207*
WITH:
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 207*
- -------------------------------------------------------------------------------
(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) / /
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.4%*
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC
- -------------------------------------------------------------------------------
* See Item 4
<Page>
Item 1(a). Name of Issuer:
Blackrock New York Municipal Income Trust
Item 1(b). Address of Issuer's Principal Executive Offices:
100 Bellevue Parkway
Mutual Fund Department
Wilmington, DE 19809
Item 2(a). Name of Person Filing:
Citigroup Global Markets Inc. ("CGM")
Citigroup Financial Products Inc. ("CFP")
Citigroup Global Markets Holdings Inc. ("CGM Holdings")
Citigroup Inc. ("Citigroup")
Item 2(b). Address of Principal Office or, if none, Residence:
The address of the principal office of each of
CGM, CFP and CGM Holdings is:
388 Greenwich Street
New York, NY 10013
The address of the principal office of Citigroup is:
399 Park Avenue
New York, NY 10043
Item 2(c). Citizenship or Place of Organization:
CGM and CGM Holdings are New York corporations.
CFP and Citigroup are Delaware corporations.
Item 2(d). Title of Class of Securities:
Auction Rate Preferred
Item 2(e). CUSIP Number:
09248L-20-5
09247L-30-4
Page 6
of 9 Pages
<Page>
Item 3. If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing Is a(n):
(a) [X] Broker or dealer registered under Section 15 of the
Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(15 U.S.C. 78c);
(c) [ ] Insurance company as defined in Section 3(a)(19) of
the Act (15 U.S.C. 78c);
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) [ ] Investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] Employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(1)(ii)(F);
(g) [X] Parent holding company or control person in accordance
with Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] Savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] Church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] A non-U.S. institution in accordance with Section
240.13d-1(b)(1)(ii)(J);
(k) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with
Section 240.13d-1(b)(1)(ii)(J), please specify the type
of institution: ____________________________ .
Item 4. Ownership.
The number of shares reported herein represents combined holdings
in multiple series of auction rate preferred securities of the issuer,
which are treated herein as one class of securities in accordance
with the Securities and Exchange Commission's Auction Rate
Securities -- Global Exemptive Relief no-action letter issued on
September 22, 2008.
The Reporting Persons beneficially own the number of shares and the percentage
of the class indicated in the table below:
As of December 31, 2009: As of December 31, 2008:
Shares Percentage Shares Percentage
Citigroup 305 8.0 207 5.4
CGM Holdings 305 8.0 207 5.4
CFP 305 8.0 207 5.4
CGMI 305 8.0 207 5.4
With respect to the shares set forth in the table above, each Reporting Person
has shared power to vote or direct the vote, and dispose or direct the
disposition of all of the shares they beneficially own.
Page 7
of 9 Pages
<Page>
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following [ ].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
CFP is the sole stockholder of CGM. CGM Holdings is the sole
stockholder of CFP. Citigroup is the sole stockholder of
CGM Holdings.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Page 8
of 9 Pages
<Page>
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURE.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: July 12, 2010
CITIGROUP GLOBAL MARKETS INC.
By: /s/ Ali L. Karshan
--------------------------------------------
Name: Ali L. Karshan
Title: Assistant Secretary
CITIGROUP FINANCIAL PRODUCTS INC.
By: /s/ Ali L. Karshan
--------------------------------------------
Name: Ali L. Karshan
Title: Assistant Secretary
CITIGROUP GLOBAL MARKETS HOLDINGS INC.
By: /s/ Ali L. Karshan
--------------------------------------------
Name: Ali L. Karshan
Title: Assistant Secretary
CITIGROUP INC.
By: /s/ Ali L. Karshan
--------------------------------------------
Name: Ali L. Karshan
Title: Assistant Secretary
Page 9
of 9 Pages
<PAGE>
EXHIBIT INDEX TO SCHEDULE 13G
-----------------------------
EXHIBIT 1
- ---------
Agreement among CGM, CFP, CGM Holdings and Citigroup as to joint filing of
Schedule 13G
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.txt
<DESCRIPTION>EXHIBIT 99-1
<TEXT>
EXHIBIT 1
---------
AGREEMENT AS TO JOINT FILING OF SCHEDULE 13G
--------------------------------------------
Each of the undersigned hereby affirms that it is individually eligible to use
Schedule 13G, and agrees that this Schedule 13G is filed on its behalf.
Dated: July 12, 2010
CITIGROUP GLOBAL MARKETS INC.
By: /s/ Ali L. Karshan
--------------------------------------------
Name: Ali L. Karshan
Title: Assistant Secretary
CITIGROUP FINANCIAL PRODUCTS INC.
By: /s/ Ali L. Karshan
--------------------------------------------
Name: Ali L. Karshan
Title: Assistant Secretary
CITIGROUP GLOBAL MARKETS HOLDINGS INC.
By: /s/ Ali L. Karshan
--------------------------------------------
Name: Ali L. Karshan
Title: Assistant Secretary
CITIGROUP INC.
By: /s/ Ali L. Karshan
--------------------------------------------
Name: Ali L. Karshan
Title: Assistant Secretary
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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