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
BlackRock New York Municipal Bond Trust
(Exact name of registrant as specified in charter)
100 Bellevue Parkway, Wilmington, DE
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19809
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(Address of principal executive offices) | (Zip code) |
Robert S. Kapito, President |
BlackRock New York Municipal Bond Trust |
40 East 52nd Street, New York, NY 10022
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(Name and address of agent for service) |
Registrants telephone number, including area code: 888-825-2257
Date of fiscal year end: August 31, 2007
Date of reporting period: November 30, 2006
Item 1. Schedule of Investments.
The Registrants unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:
PORTFOLIO OF INVESTMENTS (unaudited) | ||||||||
NOVEMBER 30, 2006 | ||||||||
BlackRock New York Municipal Bond Trust (BQH) | ||||||||
(Percentage of Net Assets) | ||||||||
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Provisions2 | Value | ||||||
LONG-TERM INVESTMENTS151.5% | ||||||||
Multi-State6.6% | ||||||||
Baa1 | $ 2,5003 | Charter Mac Equity Issuer Trust, Ser. B-2, 7.20%, 10/31/52 | 10/14 @ 100 | $ |
2,913,275 | |||
New York115.6% | ||||||||
Albany Indl. Dev. Agcy., Sch. Impvts. Lease Appropriation RB, New Covenant Charter Sch. Proj., | ||||||||
NR | 200 | Ser. A, 7.00%, 5/01/25 | 05/15 @ 102 | 201,600 | ||||
NR | 130 | Ser. A, 7.00%, 5/01/35 | 05/15 @ 102 | 130,085 | ||||
City of New York, Pub. Impvt. Ad Valorem Ppty. Tax GO, | ||||||||
AA- | 9604 | Ser. D, 5.375%, 6/01/12 | N/A | 1,048,886 | ||||
AA- | 2,040 | Ser. D, 5.375%, 6/01/32 | 06/12 @ 100 | 2,186,676 | ||||
Dorm. Auth., | ||||||||
BBB | 500 | Hlth., Hosp. & Nursing Home RB, Mt. Sinai NYU Hlth. Proj., 5.50%, 7/01/26 | 07/08 @ 100 | 511,165 | ||||
AAA | 2,500 | Hlth., Hosp. & Nursing Home RB, Willow Towers, Inc. Proj., 5.40%, 2/01/34 | 08/12 @ 101 | 2,701,350 | ||||
AA- | 2,4654 | Univ. & Coll. Impvts. RB, City Univ. Proj., Ser. A, 5.25%, 7/01/11 | N/A | 2,646,227 | ||||
AAA | 2,500 | Univ. & Coll. Impvts. RB, Iona Coll. Proj., 5.125%, 7/01/32, XLCA | 07/12 @ 100 | 2,651,025 | ||||
NR | 250 | Univ. & Coll. Impvts. RB, The New Sch. Proj., 5.00%, 7/01/46, MBIA | 07/16 @ 100 | 268,395 | ||||
AA | 2,000 | Dutchess Cnty. Ind. Dev. Agcy., Univ. & Coll. Impvts. Lease RB, Vassar Coll. Proj., | ||||||
5.35%, 9/01/40 | 08/11 @ 101 | 2,146,120 | ||||||
AAA | 2,750 | Env. Facs. Corp., Misc. RB, Mun. Wtr. Proj., Ser. D, 5.125%, 6/15/31 | 06/12 @ 100 | 2,913,570 | ||||
NR | 385 | Liberty Dev. Corp., Recreational Fac. Impvts. RB, Nat. Sports Museum Proj., Ser. A, | ||||||
6.125%, 2/15/19 | 02/16 @ 100 | 409,632 | ||||||
A | 3,000 | Met. Transp. Auth., Trans. RB, Ser. A, 5.125%, 11/15/31 | 11/12 @ 100 | 3,185,460 | ||||
Aa1 | 2,980 | Mtg. Agcy., Local Housing RB, Ser. 101, 5.40%, 4/01/32, AMT | 10/11 @ 100 | 3,089,455 | ||||
A2 | 1,100 | New York City Hlth. & Hosp. Corp., Hlth., Hosp. Nursing Home Impvts. RB, Ser. A, | ||||||
5.375%, 2/15/26 | 02/12 @ 100 | 1,160,093 | ||||||
AA | 2,500 | New York City Hsg. Dev. Corp., Local Multi-Fam. Hsg. Local Housing RB, Ser. A, 5.50%, | ||||||
11/01/34, AMT | 05/12 @ 100 | 2,607,950 | ||||||
New York City Indl. Dev. Agcy., Port, Arpt. & Marina Impvts. RB, | ||||||||
B | 1,250 | American Airlines Inc Proj., 7.625%, 8/01/25, AMT | 08/16 @ 101 | 1,501,338 | ||||
B | 1,000 | American Airlines Inc Proj., 7.75%, 8/01/31, AMT | 08/16 @ 101 | 1,211,050 | ||||
AAA | 500 | New York City Indl. Dev. Agcy., Recreational Fac. Impvts. RB, Yankee Stad. Pilot Proj., | ||||||
5.00%, 3/01/36, MBIA | 09/16 @ 100 | 540,020 | ||||||
AAA | 650 | New York City Mun. Fin. Auth., Wtr. & Swr. Sys. RB, Second Gen. Resolution Proj., Ser. | ||||||
A, 4.50%, 6/15/37, MBIA | 06/16 @ 100 | 661,349 | ||||||
AAA | 2,500 | New York City Mun. Wtr. Fin. Auth., Wtr. RB, Ser. A, 5.25%, 6/15/33, FGIC | 06/11 @ 100 | 2,654,150 | ||||
BBB | 1,445 | New York Cntys. Tobacco Trust III, Misc. Tobacco Settlement Funded RB, 6.00%, 6/01/43 | 06/13 @ 100 | 1,563,909 | ||||
Port Auth. of New York & New Jersey, Port, Arprt. & Marina RB, | ||||||||
Caa1 | 2,600 | Contl. Airlines Proj., 9.125%, 12/01/15, AMT | 01/07 @ 100 | 2,711,020 | ||||
AAA | 2,750 | Ser. 126, 5.25%, 5/15/37, FGIC, AMT | 05/12 @ 101 | 2,928,860 | ||||
Suffolk Cnty. Indl. Dev. Agcy., | ||||||||
BBB- | 260 | Hlth., Hosp. & Nurshing Home RB, Jeffersons Ferry Proj., 5.00%, 11/01/28 | 11/16 @ 100 | 272,420 | ||||
A | 500 | Ind. Impvts. RB, Keyspan Port Jefferson Proj., 5.25%, 6/01/27, AMT | 06/13 @ 100 | 526,985 | ||||
AAA | 3,0004 | TSASC, Inc., Rec. Recovery Impvts. Tobacco Settlement Funded RB, Ser. 1, 5.75%, | ||||||
7/15/12 | N/A | 3,333,240 | ||||||
AAA | 5,0004 | Urban Dev. Corp., Correctional Fac. Impvts. Income Tax RB, Ser. A, 5.25%, 3/15/12 | N/A | 5,420,550 | ||||
51,182,580 | ||||||||
Puerto Rico29.3% | ||||||||
BBB | 3,650 | Children's Trust Fund Tobacco Settlement Funded RB, 5.625%, 5/15/43 | 05/12 @ 100 | 3,850,312 | ||||
A3 | 2,000 | Elec. Pwr. Auth., Elec. Pwr. & Lt. Impvts. RB, Ser. 2, 5.25%, 7/01/31 | 07/12 @ 101 | 2,136,900 | ||||
AAA | 2,0004 | Hwy. & Transp. Auth., Hwy. Impvts. Hwy. Tolls RB, Ser. D, 5.25%, 7/01/12 | N/A | 2,176,140 | ||||
Pub. Bldgs. Auth., Pub. Impvts. Lease RB, | ||||||||
BBB | 1,9804 | Ser. D, 5.25%, 7/01/12 | N/A | 2,148,102 | ||||
BBB | 720 | Ser. D, 5.25%, 7/01/27 | 07/12 @ 100 | 765,000 |
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BlackRock New York Municipal Bond Trust (BQH) (continued) | ||||||||
(Percentage of Net Assets) | ||||||||
Principal | ||||||||
Amount |
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(000) | Description | Provisions2 |
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Puerto Rico(cont'd) | ||||||||
$ 1,825
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Comnwlth. of Puerto Rico, Pub. Impvt. Fuel Sales Tax GO, Ser. A, 5.125%, 7/01/31 |
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$ | 1,900,865 | ||||
12,977,319 | ||||||||
Total Long-Term Investments (cost $61,586,586) | 67,073,174 | |||||||
Shares | ||||||||
(000) | ||||||||
MONEY MARKET FUND0.6% | ||||||||
250 | AIM Tax Free Cash Reserve Portfolio - Institutional Class, (cost $250,000) | N/A | 250,000 | |||||
Total Investments 152.1% (cost $61,836,5865) | $ | 67,323,174 | ||||||
Other assets in excess of liabilities 2.6% | 1,148,565 | |||||||
Preferred shares at redemption value, including dividends payable (54.7)% |
(24,204,110)
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Net Assets Applicable to Common Shareholders100% | $ | 44,267,629 |
1 | Using the highest of Standard & Poor's, Moody's Investors Service or Fitch's Ratings. |
2 | Date (month/year) and price of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. |
3 | Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A under that Act, to qualified institutional buyers. As of November 30, 2006, the Trust held 6.6% of its net assets, with a current market value of $2,913,275, in securities restricted as to resale. |
4 | This bond is prerefunded. U.S. government securities, held in escrow, are used to pay interest on this security, as well as retire the bond in full at the date indicated, typically at a premium to par. |
5 | Cost for federal income tax purposes is $61,828,725. The net unrealized appreciation on a tax basis is $5,494,449, consisting of $5,494,449 gross unrealized appreciation and $0 gross unrealized depreciation. |
KEY TO ABBREVIATIONS | |||||
AMT |
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Subject to Alternative Minimum Tax | MBIA |
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Municipal Bond Insurance Assoc. |
FGIC |
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Financial Guaranty Insurance Co. | RB |
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Revenue Bond |
GO |
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General Obligation | XLCA |
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XL Capital Assurance |
2
Item 2. Controls and Procedures.
(a) The Registrants principal executive and principal financial officers have evaluated the Registrants disclosure controls and procedures within 90 days of this filing and have concluded, as of that date, that the Registrants disclosure controls and procedures were reasonably designed to ensure that information required to be disclosed by the Registrant in this Form N-Q was recorded, processed, summarized, and reported within the required time periods and that information to be disclosed by the Registrant in this Form N-Q was accumulated and communicated to the Registrants management, including its principal executive and principal financial officers, as appropriate, to allow timely decisions regarding required disclosure.
(b) There were no changes in the Registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a -3(d)) 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.
Separate certifications of the Registrants Principal Executive and Financial Officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-99.CERT.
SIGNATURES
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.
(Registrant) BlackRock New York Municipal Bond Trust | |
By: | /s/ Donald C. Burke |
Name: Donald C. Burke | |
Title: Treasurer and Principal Financial Officer | |
Date: January 25, 2007 |
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/ Robert S. Kapito |
Name: Robert S. Kapito | |
Title: President and Principal Executive Officer | |
Date: January 25, 2007 | |
By: | /s/ Donald C. Burke |
Name: Donald C. Burke | |
Title: Treasurer and Principal Financial Officer | |
Date: January 25, 2007 |