Jay M. Fife
About Jay M. Fife
Treasurer of BlackRock MuniYield New York Quality Fund, Inc. (MYN) since 2007; Managing Director of BlackRock, Inc. since 2007; year of birth 1970 . Executive officers (other than the Chief Compliance Officer) receive no compensation from the BlackRock funds themselves; compensation is paid by BlackRock, Inc. and not disclosed in MYN’s proxy . No fund-level TSR or executive performance metrics are disclosed for Mr. Fife in the proxy materials.
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| BlackRock MuniYield New York Quality Fund, Inc. (MYN) | Treasurer | 2007–present | Long-tenured fund officer overseeing treasury functions across BlackRock’s closed-end municipal complex |
| BlackRock, Inc. | Managing Director | 2007–present | Senior leadership role within BlackRock supporting fund operations |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| None disclosed in MYN proxy | — | — | No external directorships/roles disclosed for Mr. Fife in MYN’s DEF 14A |
Fixed Compensation
| Component | 2025 | Notes |
|---|---|---|
| Base salary | Not paid by MYN (executive officers receive no compensation from the Funds) | Compensation, if any, is paid by BlackRock, Inc. and not disclosed in this filing |
| Target bonus % | Not disclosed | — |
| Actual bonus | Not disclosed | — |
| Perquisites | Not disclosed | — |
Performance Compensation
| Incentive type | Metric(s) | Weighting | Target | Actual/Payout | Vesting |
|---|---|---|---|---|---|
| Cash/Equity incentives | Not disclosed at fund level; officers (other than CCO) are not compensated by the Funds | — | — | — | — |
With the exception of the Chief Compliance Officer, executive officers receive no compensation from the Funds; thus no fund-level incentive plan details, vesting schedules, or payouts are disclosed for Mr. Fife .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial ownership (officers/board as a group) | Officers and Board Members, as a group, owned less than 1% of MYN outstanding common shares as of July 31, 2025 . |
| Preferred (VRDP) ownership | Officers and Board Members, as a group, owned none of MYN’s VRDP Shares as of July 31, 2025 . |
| Individual ownership | Not itemized by officer in the proxy; only group aggregate disclosed . |
| Shares pledged/hedged | Not disclosed (no pledging/hedging disclosure for officers in proxy) . |
| Stock ownership guidelines | Not disclosed for officers of the Fund . |
Employment Terms
| Term | Detail |
|---|---|
| Employment basis | Fund officers are “interested persons” by virtue of their BlackRock roles; Mr. Fife serves as Treasurer (since 2007) . |
| Term/renewal | Officers of the Funds serve at the pleasure of the Board (no fixed term) . |
| Compensation source | Executive officers (other than the CCO) receive no compensation from the Funds; CCO is compensated by the Fund . |
| Non-compete / Non-solicit | Not disclosed . |
| Severance / Change-in-control | Not disclosed for officers; no executive agreements filed for Mr. Fife . |
| Clawbacks / Tax gross-ups | Not disclosed . |
Investment Implications
- Pay-for-performance and selling pressure: With no fund-level compensation or equity awards for Mr. Fife, there are no vesting overhangs or forced selling dynamics tied to MYN grants; insider selling pressure from compensation is de minimis at the fund level .
- Alignment: Officer/board aggregate ownership in MYN is <1% and 0% of VRDP, indicating limited direct share-based alignment at the fund level; alignment relies on BlackRock’s corporate compensation/oversight rather than fund equity .
- Retention risk: Mr. Fife’s tenure (Treasurer since 2007; BlackRock MD since 2007) signals stability; no fund-level employment contracts or severance disclosed that would create change-of-control incentives/risks at the officer level .
- Governance/process: Officers serve at the Board’s pleasure and are BlackRock employees, consistent with industry practice for externally managed closed-end funds; compensation governance resides at BlackRock, not MYN .
Sources: MYN Definitive Proxy Statement (DEF 14A) dated September 8, 2025: officer biography and compensation disclosure ; officers serve at the pleasure of the Board ; group share ownership <1% and no VRDP held .