UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21037
Name of Fund: BlackRock New York Municipal Bond Trust (BQH)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock New York Municipal Bond Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 08/31/2008
Date of reporting period: 09/01/2007 11/30/2007
Item 1 Schedule of Investments
BlackRock New York Municipal Bond Trust | ||
Schedule of Investments as of November 30, 2007 (Unaudited) |
(in Thousands) |
Face | ||||||
Amount | Corporate Bonds | Value | ||||
Multi-State - 6.7% | $ | 2,500 | Charter Mac Equity Issuer Trust, 7.20% due 10/31/2052 (l) | $ | 2,848 | |
Total Corporate Bonds (Cost - $2,500) - 6.7% | 2,848 | |||||
Municipal Bonds | ||||||
New York - 126.4% | 200 | Albany, New York, IDA, Civic Facility Revenue Bonds (New Covenant Charter | ||||
School Project), Series A, 7% due 5/01/2025 | 167 | |||||
130 | Albany, New York, IDA, Civic Facility Revenue Bonds (New Covenant Charter | |||||
School Project), Series A, 7% due 5/01/2035 | 107 | |||||
1,000 | Dutchess County, New York, IDA, Civic Facility Revenue Bonds (Vassar College | |||||
Project), 5.35% due 8/01/2011 (i) | 1,082 | |||||
500 | Dutchess County, New York, IDA, Civic Facility Revenue Refunding Bonds (Bard | |||||
College), Series A-2, 4.50% due 8/01/2036 | 469 | |||||
150 | Genesee County, New York, IDA, Civic Facility Revenue Refunding Bonds (United | |||||
Memorial Medical Center Project), 5% due 12/01/2027 | 137 | |||||
1,200 | Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series A, | |||||
4.50% due 2/15/2047 (h) | 1,149 | |||||
3,000 | Metropolitan Transportation Authority, New York, Revenue Refunding Bonds, Series | |||||
A, 5.125% due 11/15/2031 | 3,083 | |||||
500 | Metropolitan Transportation Authority, New York, Revenue Refunding Bonds, Series | |||||
B, 4.50% due 11/15/2032 (e) | 495 | |||||
500 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, | |||||
Series A, 4.75% due 11/15/2037 (d) | 504 | |||||
1,100 | New York City, New York, City Health and Hospital Corporation, Health System | |||||
Revenue Bonds, Series A, 5.375% due 2/15/2026 | 1,121 | |||||
2,500 | New York City, New York, City Housing Development Corporation, M/F Housing | |||||
Revenue Bonds, AMT, Series A, 5.50% due 11/01/2034 | 2,530 | |||||
250 | New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball | |||||
Stadium Project), 5% due 1/01/2039 (b) | 258 | |||||
250 | New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball | |||||
Stadium Project), 5% due 1/01/2046 (b) | 256 | |||||
250 | New York City, New York, City IDA, PILOT Revenue Bonds (Yankee Stadium | |||||
Project), 5% due 3/01/2036 (h) | 259 | |||||
Portfolio Abbreviations |
To simplify the listings of BlackRock New York Municipal Bond Trust's portfolio holding in the Schedule of Investments, we have abbreviated the names of many of the securities according to the list below:
AMT | Alternative Minimum Tax (subject to) | ||
GO | General Obligation Bonds | ||
IDA | Industrial Development Authority | ||
IDR | Industrial Development Revenue Bonds | ||
M/F | Multi-Family | ||
PILOT | Payment in Lieu of Taxes | ||
TFABS | Tobacco Flexible Amortization Bonds | ||
1
BlackRock New York Municipal Bond Trust | ||
Schedule of Investments as of November 30, 2007 (Unaudited) | (in Thousands) |
Face |
||||||
Amount |
Municipal Bonds |
Value |
||||
$ | 750 | New York City, New York, City IDA, PILOT Revenue Bonds (Yankee Stadium | ||||
Project), 5% due 3/01/2046 (d) | $ | 768 | ||||
1,250 | New York City, New York, City IDA, Special Facility Revenue Bonds (American | |||||
Airlines, Inc. - JFK International Airport), AMT, 7.625% due 8/01/2025 | 1,369 | |||||
1,000 | New York City, New York, City IDA, Special Facility Revenue Bonds (Continental | |||||
Airlines Inc. Project), AMT, 7.75% due 8/01/2031 | 1,102 | |||||
650 | New York City, New York, City Municipal Water Finance Authority, Second | |||||
General Resolution, Water and Sewer System Revenue Bonds, Series AA, 4.50% | ||||||
due 6/15/2037 (h) | 634 | |||||
2,500 | New York City, New York, City Municipal Water Finance Authority, Water and Sewer | |||||
System Revenue Bonds, Series A, 5.25% due 6/15/2011 (d)(i) | 2,669 | |||||
250 | New York City, New York, City Municipal Water Finance Authority, Water and Sewer | |||||
System Revenue Bonds, Series A, 4.25% due 6/15/2033 | 236 | |||||
250 | New York City, New York, City Transitional Finance Authority, Building Aid | |||||
Revenue Bonds, Series S-1, 5% due 7/15/2031 (d) | 262 | |||||
2,040 | New York City, New York, GO, Series D, 5.375% due 6/01/2032 | 2,113 | ||||
600 | New York City, New York, IDA, Civic Facility Revenue Refunding Bonds | |||||
(Polytechnic University), 5.25% due 11/01/2037 (a) | 545 | |||||
1,000 | New York Convention Center Development Corporation, New York, Revenue Bonds | |||||
(Hotel Unit Fee Secured), 5% due 11/15/2044 (b) | 1,030 | |||||
1,445 | New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, 6% | |||||
due 6/01/2043 | 1,482 | |||||
385 | New York Liberty Development Corporation Revenue Bonds (National Sports | |||||
Museum Project), Series A, 6.125% due 2/15/2019 | 387 | |||||
2,215 | New York State Dormitory Authority, Consolidated Fourth General Resolution | |||||
Revenue Bonds (City University System), Series A, 5.25% due 7/01/2011 (i) | 2,367 | |||||
300 | New York State Dormitory Authority, Non-State Supported Debt Revenue Bonds | |||||
(Manhattan College), Series B, 5.30% due 7/01/2037 (j) | 300 | |||||
260 | New York State Dormitory Authority, Non-State Supported Debt Revenue Bonds | |||||
(New York University Hospitals Center), Series B, 5.625% due 7/01/2037 | 255 | |||||
150 | New York State Dormitory Authority, Non-State Supported Debt, Revenue Refunding | |||||
Bonds (Mount Sinai School of Medicine of New York University), 5% due 7/01/2035 (h) | 157 | |||||
2,500 | New York State Dormitory Authority Revenue Bonds (Iona College), 5.125% | |||||
due 7/01/2032 (m) | 2,591 | |||||
2,500 | New York State Dormitory Authority Revenue Bonds (Willow Towers Inc. Project), | |||||
5.40% due 2/01/2034 (f) | 2,620 |
2
BlackRock New York Municipal Bond Trust | ||
Schedule of Investments as of November 30, 2007 (Unaudited) | (in Thousands) |
Face |
||||||
Amount |
Municipal Bonds | Value | ||||
$ | 2,750 | New York State Environmental Facilities Corporation, State Clean Water and Drinking | ||||
Revenue Refunding Bonds (New York City Water Project), Series D, 5.125% due | ||||||
6/15/2031 | $ | 2,838 | ||||
2,815 | New York State Mortgage Agency Revenue Bonds, AMT, Series 101, 5.40% due | |||||
4/01/2032 | 2,839 | |||||
250 | New York State Thruway Authority, General Revenue Refunding Bonds, Series H, 5% | |||||
due 1/01/2037 (d) | 260 | |||||
5,000 | New York State Urban Development Corporation, Personal Income Tax Revenue | |||||
Bonds, Series A, 5.25% due 3/15/2012 (i) | 5,399 | |||||
2,750 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, AMT, | |||||
126th Series, 5.25% due 5/15/2037 (d) | 2,798 | |||||
2,475 | Port Authority of New York and New Jersey, Special Obligation Revenue Bonds | |||||
(Continental Airlines, Inc. - LaGuardia Project), AMT, 9.125% due 12/01/2015 | 2,566 | |||||
600 | Schuyler County, New York, Human Services Development Corporation Revenue | |||||
Bonds, 5% due 5/01/2032 (c) | 625 | |||||
260 | Suffolk County, New York, IDA, Continuing Care and Retirement, Revenue Refunding | |||||
Bonds (Jeffersons Ferry Project), 5% due 11/01/2028 | 243 | |||||
500 | Suffolk County, New York, IDA, IDR (Keyspan-Port Jefferson), AMT, 5.25% due | |||||
6/01/2027 | 504 | |||||
3,000 | TSASC, Inc., New York, TFABS, Series 1, 5.75% due 7/15/2012 (i) | 3,314 | ||||
Puerto Rico - 22.2% | 500 | Children's Trust Fund Project of Puerto Rico, Tobacco Settlement Revenue Refunding | ||||
Bonds, 5.625% due 5/15/2043 | 492 | |||||
1,500 | Puerto Rico Commonwealth Highway and Transportation Authority, Transportation | |||||
Revenue Refunding Bonds, Series D, 5.25% due 7/01/2012 (i) | 1,625 | |||||
2,000 | Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax and | |||||
Capital Appreciation Revenue Bonds, Series A, 4.34% due 7/01/2037 (b)(n) | 451 | |||||
2,000 | Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax and | |||||
Capital Appreciation Revenue Bonds, Series A, 5.009% due 7/01/2044 (b)(n) | 310 | |||||
1,825 | Puerto Rico Commonwealth, Public Improvement, GO, Series A, 5.125% due | |||||
7/01/2031 | 1,827 | |||||
1,750 | Puerto Rico Electric Power Authority, Power Revenue Bonds, Series II, 5.25% due | |||||
7/01/2012 (i) | 1,915 | |||||
1,980 | Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding | |||||
Bonds, Series D, 5.25% due 7/01/2012 (i) | 2,138 | |||||
720 | Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding | |||||
Bonds, Series D, 5.25% due 7/01/2027 | 727 | |||||
Total Municipal Bonds (Cost - $60,504) - 148.6% | 63,375 |
3
BlackRock New York Municipal Bond Trust | ||
Schedule of Investments as of November 30, 2007 (Unaudited) | (in Thousands) |
Shares | ||||||
Held | Short-Term Securities |
Value |
||||
210 | CMA New York Municipal Money Fund, 3.07% (g)(k) | $ | 210 | |||
Total Short-Term Securities (Cost - $210) - 0.5% | 210 | |||||
Total Investments (Cost - $63,214*) - 155.8% | 66,433 | |||||
Other Assets Less Liabilities - 1.0% | 421 | |||||
Preferred Shares, at Redemption Value - (56.8%) | (24,213) | |||||
Net Assets Applicable to Common Shares - 100.0% | $ | 42,641 |
* |
The cost and unrealized appreciation (depreciation) of investments as of November 30, 2007, as computed for federal income tax purposes, were as follows: |
Aggregate cost | $ | 63,118 | ||
Gross unrealized appreciation | $ | 3,681 | ||
Gross unrealized depreciation | (366 | ) | ||
Net unrealized appreciation | $ | 3,315 |
(a) |
ACA Insured. |
(b) |
AMBAC Insured. |
(c) |
Assured Guaranty Insured. |
(d) |
FGIC Insured. |
(e) |
FSA Insured. |
(f) |
GNMA Collateralized. |
(g) |
Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows: |
Affiliate | Net Activity | Dividend Income | ||
CMA New York Municipal Money Fund | (297 | ) | $ 4 |
(h) |
MBIA Insured. |
(i) |
Prerefunded. |
(j) |
Radian Insured. |
(k) |
Represents the current yield as of November 30, 2007. |
(l) |
The security may be offered and sold to "qualified institutional buyers" under Rule 144A of the Securities Act of 1933. |
(m) |
XL Capital Insured. |
(n) |
Represents a zero coupon bond; the interest rate shown reflects the effective yield at the time of purchase. |
4
Item 2 | Controls and Procedures |
2(a) | The registrants principal executive and principal financial officers or persons performing similar functions have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the 1940 Act)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities and Exchange Act of 1934, as amended. |
2(b) | There were no changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting. |
Item 3 | Exhibits |
Certifications Attached hereto Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BlackRock New York Municipal
Bond Trust Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/
Donald C. Burke |