General Info
About: To provide shareholders with current income exempt from federal income tax and New York State and New York City personal income taxes. It intends to invest in investment grade municipal obligations, with at least 80% of its assets in New York Municipal Bonds with remaining maturities of one year or more that are covered by insurance guarenteeing the timely payment of principal at maturity and interest. The board will change the investment policy of the Fund so it can invest at least 80% of its assets in municipal bonds insured by insurance providers and other entities with claims-paying ability ratings of at least investment grade at the time of investment.
Tags: Asset Management Financial Services
Website: http://www.blackrock.com