Certain BlackRock closed-end funds (the “Funds”) announced
distributions today as detailed below. BlackRock Debt Strategies
Fund, Inc. (NYSE:DSU) declared its December distribution on a
post-split basis, reflecting the 1-for-3 reverse stock split that
went effective on November 16, 2016. In addition, several municipal
Funds declared special distributions.
Municipal Funds:
Declaration- 12/1/2016 Ex-Date- 12/8/2016 Record-
12/12/2016 Payable- 12/30/2016
National Funds Ticker
Distribution
Change
FromPriorDistribution
BlackRock Municipal Income Quality Trust BYM $0.066000 -
BlackRock Municipal Income Investment Quality Trust BAF $0.068500 -
BlackRock Long-Term Municipal Advantage Trust BTA $0.054500 -
BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.055500 -
BlackRock Municipal Income Investment Trust BBF $0.072375 -
BlackRock MuniAssets Fund, Inc. MUA $0.057500 - BlackRock Municipal
Bond Trust BBK $0.075000 - BlackRock Municipal Income Trust BFK
$0.071100 - BlackRock Municipal Income Trust II BLE $0.073500 -
BlackRock Investment Quality Municipal Trust, Inc. BKN $0.072000 -
BlackRock Municipal 2030 Target Term Trust BTT $0.080000 - The
BlackRock Strategic Municipal Trust BSD $0.065000 - BlackRock
MuniEnhanced Fund, Inc. MEN $0.056500 - BlackRock MuniHoldings
Investment Quality Fund MFL $0.071500 - BlackRock MuniYield
Investment Quality Fund MFT $0.071000 - BlackRock MuniHoldings
Fund, Inc. MHD $0.081000 - BlackRock MuniYield Quality Fund II,
Inc. MQT $0.062000 - BlackRock MuniYield Quality Fund, Inc. MQY
$0.072500 - BlackRock MuniHoldings Quality Fund II, Inc. MUE
$0.064000 - BlackRock MuniHoldings Fund II, Inc. MUH $0.074500 -
BlackRock MuniHoldings Quality Fund, Inc. MUS $0.067500 - BlackRock
MuniVest Fund II, Inc. MVT $0.079000 - BlackRock MuniYield Fund,
Inc. MYD $0.072000 - BlackRock MuniYield Investment Fund MYF
$0.078000 - BlackRock MuniYield Quality Fund III, Inc. MYI
$0.068000 - BlackRock MuniVest Fund, Inc. MVF $0.049500 - BlackRock
Municipal 2020 Term Trust BKK $0.044800 -
State-Specific Funds
Ticker Distribution
Change
FromPriorDistribution
BlackRock California Municipal Income Trust
BFZ
$0.067200 - BlackRock MuniHoldings California Quality Fund, Inc.
MUC $0.061500 - BlackRock MuniYield California Fund, Inc. MYC
$0.070000 - BlackRock MuniYield California Quality Fund, Inc. MCA
$0.065000 - BlackRock Florida Municipal 2020 Term Trust BFO
$0.031000 - BlackRock Maryland Municipal Bond Trust BZM $0.047400 -
BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.064000 -
BlackRock Muni New York Intermediate Duration Fund, Inc. MNE
$0.049800 - BlackRock MuniHoldings New York Quality Fund, Inc. MHN
$0.058000 - BlackRock MuniYield New York Quality Fund, Inc. MYN
$0.054000 - BlackRock New York Municipal Income Quality Trust BSE
$0.052000 - BlackRock New York Municipal Bond Trust BQH $0.059000 -
BlackRock New York Municipal Income Trust BNY $0.060000 - BlackRock
New York Municipal Income Trust II BFY $0.066000 - BlackRock
MuniYield New Jersey Fund, Inc. MYJ $0.075000 - BlackRock
MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.067500 -
BlackRock New Jersey Municipal Income Trust BNJ $0.069600 -
BlackRock MuniYield Pennsylvania Quality Fund MPA $0.062300 -
BlackRock New Jersey Municipal Bond Trust BLJ $0.069500 - BlackRock
MuniYield Arizona Fund, Inc. MZA $0.062000 - BlackRock Virginia
Municipal Bond Trust BHV $0.063000 - BlackRock Massachusetts
Tax-Exempt Trust MHE $0.053000 -
Taxable Municipal Fund:
Declaration- 12/1/2016 Ex-Date- 12/8/2016
Record- 12/12/2016 Payable- 12/19/2016
Fund
Ticker Distribution
Change FromPrior
Distribution
BlackRock Taxable Municipal Bond Trust BBN $0.131800
-
Taxable Funds:
Declaration- 12/1/2016 Ex-Date- 12/8/2016
Record- 12/12/2016 Payable- 12/19/2016
Fund
Ticker Distribution
Change FromPrior
Distribution
BlackRock Floating Rate Income Trust BGT $0.058300
- BlackRock Core Bond Trust BHK $0.065000 - BlackRock
Defined Opportunity Credit Trust BHL $0.051000 - BlackRock
Multi-Sector Income Trust BIT $0.116700 - BlackRock Income Trust,
Inc. BKT $0.026500 - BlackRock Limited Duration Income Trust BLW
$0.087000 - BlackRock Credit Allocation Income Trust* BTZ $0.070500
- BlackRock Debt Strategies Fund, Inc. DSU $0.063000 - BlackRock
Enhanced Government Fund, Inc.* EGF $0.041000 - BlackRock Floating
Rate Income Strategies Fund, Inc. FRA $0.061000 - BlackRock
Corporate High Yield Fund, Inc. HYT $0.070000 -
Special Distributions
Declaration- 12/1/2016 Ex-Date- 12/8/2016
Record- 12/12/2016 Payable- 12/30/2016
Fund Ticker
Taxable NetInvestmentIncome
Short-TermCapital Gain
Long-TermCapital Gain
BlackRock Investment Quality Municipal Trust, Inc. BKN $0.000003
$0.038767 $0.221251 BlackRock Muni Intermediate Duration Fund, Inc.
MUI $0.001592 $0.040478 $0.102667 BlackRock Muni New York
Intermediate Duration Fund, Inc. MNE $0.002982 $0.001915 $0.052008
BlackRock MuniAssets Fund, Inc. MUA $0.002893 - - BlackRock
Municipal 2018 Term Trust BPK - - $0.002164 BlackRock Municipal
2020 Term Trust BKK - - $0.009669 BlackRock Municipal Bond Trust
BBK - $0.111753 $0.277271 BlackRock Municipal Income Trust II BLE
$0.003333 - - BlackRock MuniEnhanced Fund, Inc. MEN $0.001183 - -
BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.001764
- - BlackRock MuniHoldings New York Quality Fund, Inc. MHN
$0.000764 - - BlackRock MuniVest Fund II, Inc. MVT $0.001677 - -
BlackRock MuniVest Fund, Inc. MVF $0.000368 - - BlackRock MuniYield
California Fund, Inc. MYC $0.000117 $0.064109 $0.239152 BlackRock
MuniYield California Quality Fund, Inc MCA - $0.033870 $0.014362
BlackRock MuniYield Fund, Inc. MYD $0.001598 - - BlackRock
MuniYield Michigan Quality Fund, Inc. MIY $0.001377 - - BlackRock
MuniYield New York Quality Fund, Inc. MYN $0.001941 - - BlackRock
MuniYield Quality Fund II, Inc. MQT $0.001137 - - BlackRock
MuniYield Quality Fund III, Inc. MYI $0.000446 - - BlackRock
MuniYield Quality Fund, Inc. MQY $0.000663 - - BlackRock New Jersey
Municipal Bond Trust BLJ $0.004122 - - BlackRock New Jersey
Municipal Income Trust BNJ $0.002728 - - BlackRock New York
Municipal Income Quality Trust BSE $0.001152 - -
* In order to comply with the requirements of Section 19 of the
Investment Company Act of 1940, as amended, each of the Funds noted
above posted to the DTC bulletin board and sent to its shareholders
of record as of the applicable record date a Section 19 notice with
the previous distribution payment. The Section 19 notice
was provided for informational purposes only and not for tax
reporting purposes. This information can be found in the
“Closed-End Funds” section of www.blackrock.com. As
applicable, the final determination of the source and tax
characteristics of all distributions in 2016 will be made after the
end of the year.
BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) has adopted
a level distribution plan, consistent with its investment objective
and policies, to support a level distribution of income, capital
gains, and/or return of capital (the “Plan”). The fixed amount
distributed per share is subject to change at the discretion of
EGF’s Board of Directors. Under the Plan, EGF will distribute
all available investment income to its shareholders, consistent
with its investment objective and as required by the Internal
Revenue Code of 1986, as amended. If sufficient investment income
is not available on a monthly basis, EGF will distribute long-term
capital gains and/or return capital to its shareholders in order to
maintain a level distribution.
EGF’s estimated sources of the distributions paid as of November
30, 2016 and for its current fiscal year are as follows:
Estimated Allocations as of November 30, 2016
Fund Distribution
Net InvestmentIncome
Net RealizedShort-TermGains
Net RealizedLong-TermGains
Return of Capital EGF1 $0.041000 $0.026709
(65%) $0 (0%) $0 (0%) $0.014291 (35%)
Estimated Allocations for the Fiscal Year
through November 30, 2016 Fund
Distribution
Net InvestmentIncome
Net RealizedShort-TermGains
Net RealizedLong-TermGains
Return of Capital EGF1 $0.450000 $0.314467
(70%) $0 (0%) $0 (0%) $0.135533 (30%)
1 EGF estimates that it has distributed more than its income and
net realized capital gains in the current fiscal year; therefore, a
portion of the distribution may be a return of capital. A return of
capital may occur, for example, when some or all of a shareholder’s
investment is paid back to the shareholder. A return of capital
distribution does not necessarily reflect EGF’s investment
performance and should not be confused with ‘yield’ or ‘income’.
When distributions exceed total return performance, the difference
will reduce EGF’s net asset value per share.
The amounts and sources of distributions reported are only
estimates and are not provided for tax reporting purposes. The
actual amounts and sources of the amounts for tax reporting
purposes will depend upon EGF’s investment experience during the
remainder of its fiscal year and may be subject to changes based on
tax regulations. EGF will send its shareholders a Form 1099-DIV for
the calendar year that will illustrate how these distributions
should be reported for federal income tax purposes.
EGF Performance and Distribution Rate Information:
Fund Average annual total return (in relation to NAV)
for the 5-year period ending on 10/31/2016 Annualized
current distribution rate expressed as a percentage of NAV as of
10/31/2016 Cumulative total return (in relation to NAV) for
the fiscal year through 10/31/2016 Cumulative fiscal year
distributions as a percentage of NAV as of 10/31/2016 EGF
2.31% 3.44% 3.01% 2.86%
Shareholders should not draw any conclusions about EGF’s
investment performance from the amount of EGF’s current
distributions or from the terms of the Plan.
About BlackRock
BlackRock is a global leader in investment management, risk
management and advisory services for institutional and retail
clients. At September 30, 2016, BlackRock’s AUM was $5.1 trillion.
BlackRock helps clients around the world meet their goals and
overcome challenges with a range of products that include separate
accounts, mutual funds, iShares® (exchange-traded funds), and other
pooled investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base
of institutional investors through BlackRock Solutions®. As of
September 30, 2016, the firm had approximately 13,000 employees in
30 countries and a major presence in global markets, including
North and South America, Europe, Asia, Australia and the Middle
East and Africa. For additional information, please visit the
Company’s website at www.blackrock.com | Twitter: @blackrock_news |
Blog: www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock
Availability of Fund Updates
BlackRock will update performance and certain other data for the
Funds on a monthly basis on its website in the “Closed-end Funds”
section of www.blackrock.com as well as certain other material
information as necessary from time to time. Investors and others
are advised to check the website for updated performance
information and the release of other material information about the
Funds. This reference to BlackRock’s website is intended to allow
investors public access to information regarding the Funds and does
not, and is not intended to, incorporate BlackRock’s website in
this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or a
Fund may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with
respect to a Fund’s or BlackRock’s future financial or business
performance, strategies or expectations. Forward-looking statements
are typically identified by words or phrases such as “trend,”
“potential,” “opportunity,” “pipeline,” “believe,” “comfortable,”
“expect,” “anticipate,” “current,” “intention,” “estimate,”
“position,” “assume,” “outlook,” “continue,” “remain,” “maintain,”
“sustain,” “seek,” “achieve,” and similar expressions, or future or
conditional verbs such as “will,” “would,” “should,” “could,” “may”
or similar expressions.
BlackRock cautions that forward-looking statements are subject
to numerous assumptions, risks and uncertainties, which change over
time. Forward-looking statements speak only as of the date they are
made, and BlackRock assumes no duty to and does not undertake to
update forward-looking statements. Actual results could differ
materially from those anticipated in forward-looking statements and
future results could differ materially from historical
performance.
With respect to the Funds, the following factors, among others,
could cause actual events to differ materially from forward-looking
statements or historical performance: (1) changes and volatility in
political, economic or industry conditions, the interest rate
environment, foreign exchange rates or financial and capital
markets, which could result in changes in demand for the Funds or
in a Fund’s net asset value; (2) the relative and absolute
investment performance of a Fund and its investments; (3) the
impact of increased competition; (4) the unfavorable resolution of
any legal proceedings; (5) the extent and timing of any
distributions or share repurchases; (6) the impact, extent and
timing of technological changes; (7) the impact of legislative and
regulatory actions and reforms, including the Dodd-Frank Wall
Street Reform and Consumer Protection Act, and regulatory,
supervisory or enforcement actions of government agencies relating
to a Fund or BlackRock, as applicable; (8) terrorist activities,
international hostilities and natural disasters, which may
adversely affect the general economy, domestic and local financial
and capital markets, specific industries or BlackRock; (9)
BlackRock’s ability to attract and retain highly talented
professionals; (10) the impact of BlackRock electing to provide
support to its products from time to time; and (11) the impact of
problems at other financial institutions or the failure or negative
performance of products at other financial institutions.
Annual and Semi-Annual Reports and other regulatory filings of
the Funds with the Securities and Exchange Commission (“SEC”) are
accessible on the SEC's website at www.sec.gov and on
BlackRock’s website at www.blackrock.com, and may discuss
these or other factors that affect the Funds. The information
contained on BlackRock’s website is not a part of this press
release.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161201006451/en/
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