MYC BlackRock MuniYield California Fund Inc

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Several of the Funds announced dividend increases. These dividend increases take into account each Fund’s earnings potential in light of the current market environment. In addition, two other Funds announced dividend reductions. Generally, these dividend reductions take into account each Fund’s earnings potential in light of the relatively low interest rates paid on floating rate securities held by the Funds.

Municipal Funds:

Declaration- 9/1/2010   Ex-Date- 9/13/2010   Record- 9/15/2010   Payable- 10/1/2010

National Funds   Ticker   Dividend  

Change From

Prior

Dividend

BlackRock Apex Municipal Fund, Inc. APX $0.044000 - BlackRock Insured Municipal Income Trust BYM $0.077000 $0.003000 BlackRock Insured Municipal Income Investment Trust BAF $0.073500 - BlackRock Insured Municipal Term Trust Inc. BMT $0.005000 - BlackRock Investment Quality Municipal Income Trust RFA $0.070000 - BlackRock Long-Term Municipal Advantage Trust BTA $0.061000 $0.001500 BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.071500 $0.003500 BlackRock MuniAssets Fund, Inc. MUA $0.062500 - BlackRock Municipal 2018 Term Trust BPK $0.078000 - BlackRock Municipal 2020 Term Trust BKK $0.062250 - BlackRock Municipal Bond Trust BBK $0.086000 $0.001000 BlackRock Municipal Bond Investment Trust BIE $0.078800 - BlackRock Municipal Income Trust BFK $0.078600 - BlackRock Municipal Income Trust II BLE $0.082000 $0.001000 BlackRock Municipal Income Investment Trust BBF $0.075375 - BlackRock MuniEnhanced Fund, Inc. MEN $0.057000 - BlackRock MuniHoldings Fund II, Inc. MUH $0.080500 - BlackRock MuniHoldings Fund, Inc. MHD $0.089000 $0.003000 BlackRock MuniHoldings Insured Fund II, Inc. MUE $0.073500 - BlackRock MuniHoldings Insured Fund, Inc. MUS $0.074000 - BlackRock MuniHoldings Insured Investment Fund MFL $0.075000 $0.002000 BlackRock MuniVest Fund II, Inc. MVT $0.088500 $0.002500 BlackRock MuniVest Fund, Inc. MVF $0.057000 $0.001000 BlackRock MuniYield Fund, Inc. MYD $0.082500 $0.002500 BlackRock MuniYield Insured Fund, Inc. MYI $0.072000 $0.001000 BlackRock MuniYield Insured Investment Fund MFT $0.071000 - BlackRock MuniYield Investment Fund MYF $0.075000 - BlackRock MuniYield Quality Fund II, Inc. MQT $0.067000 - BlackRock MuniYield Quality Fund, Inc. MQY $0.077000 - The BlackRock Investment Quality Municipal Trust, Inc. BKN $0.084000 - The BlackRock Strategic Municipal Trust BSD $0.072500 -      

State-Specific Funds

Ticker Dividend

Change From

Prior

Dividend

BlackRock California Municipal Income Trust BFZ $0.075700 - BlackRock California Municipal 2018 Term Trust BJZ $0.072000 - BlackRock MuniHoldings California Insured Fund, Inc. MUC $0.073500 $0.003000 BlackRock MuniYield California Fund, Inc. MYC $0.076000 $0.004000 BlackRock MuniYield California Insured Fund, Inc. MCA $0.070500 $0.002500 BlackRock Florida Municipal 2020 Term Trust, Inc. BFO $0.056000 - BlackRock Maryland Municipal Bond Trust BZM $0.079000 - BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.061000 $0.003000 BlackRock MuniHoldings New York Insured Fund, Inc. MHN $0.079500 $0.001500 BlackRock MuniYield New York Insured Fund, Inc. MYN $0.071000 $0.001000 BlackRock New York Insured Municipal Income Trust BSE $0.071500 $0.001000 BlackRock New York Municipal 2018 Term Trust BLH $0.082000 - BlackRock New York Municipal Bond Trust BQH $0.082000 $0.001500 BlackRock New York Municipal Income Trust BNY $0.082500 - BlackRock New York Municipal Income Trust II BFY $0.083500 $0.001500 The BlackRock New York Investment Quality Municipal Trust, Inc. RNY $0.073000 - BlackRock MuniHoldings New Jersey Insured Fund, Inc. MUJ $0.074000 $0.001000 BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.071500 $0.001000 BlackRock MuniYield New Jersey Insured Fund, Inc. MJI $0.072000 - BlackRock New Jersey Municipal Bond Trust BLJ $0.078000 - BlackRock New Jersey Municipal Income Trust BNJ $0.077600 - The BlackRock New Jersey Investment Quality Municipal Trust RNJ $0.065500 - BlackRock MuniYield Arizona Fund, Inc. MZA $0.069500 - BlackRock MuniYield Michigan Insured Fund II, Inc. MYM $0.071500 - BlackRock MuniYield Michigan Insured Fund, Inc. MIY $0.076500 $0.001500 BlackRock MuniYield Pennsylvania Insured Fund MPA $0.074500 $0.002500 The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.073500 $0.001000 BlackRock Virginia Municipal Bond Trust BHV $0.083000 $0.001500 Massachusetts Health & Education Tax-Exempt Trust MHE $0.070000 -      

Taxable Funds:

Declaration- 9/1/2010   Ex-Date- 9/13/2010   Record- 9/15/2010   Payable- 9/30/2010

Fund Ticker Dividend

Change From

Prior

Dividend

BlackRock Senior High Income Fund, Inc. ARK $0.025000 - BlackRock Floating Rate Income Trust BGT $0.072500 $0.002500 BlackRock Strategic Bond Trust BHD $0.079500 $0.002500 BlackRock Core Bond Trust BHK $0.067000 - BlackRock Defined Opportunity Credit Trust BHL $0.066000 $0.002000 The BlackRock High Yield Trust* BHY $0.043500 - The BlackRock Income Trust, Inc. BKT $0.024000 - BlackRock Limited Duration Income Trust BLW $0.087500 $0.002500 BlackRock Income Opportunity Trust, Inc. BNA $0.051000 - BlackRock Credit Allocation Income Trust III* BPP $0.066500 - BlackRock Credit Allocation Income Trust IV* BTZ $0.079000 - BlackRock Corporate High Yield Fund, Inc. COY $0.051000 - BlackRock Corporate High Yield Fund III, Inc. CYE $0.050000 - BlackRock Debt Strategies Fund, Inc.* DSU $0.027000 ($0.002000) BlackRock Diversified Income Strategies Fund, Inc.* DVF $0.063500 ($0.005000) BlackRock Enhanced Government Fund, Inc.* EGF $0.080000 - BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.077000 - BlackRock Floating Rate Income Strategies Fund II, Inc.* FRB $0.075000 - BlackRock High Income Shares HIS $0.014200 - BlackRock Corporate High Yield Fund VI, Inc. HYT $0.082500 - BlackRock Corporate High Yield Fund V, Inc. HYV $0.082500 - BlackRock Credit Allocation Income Trust I, Inc.* PSW $0.057000 - BlackRock Credit Allocation Income Trust II, Inc.* PSY $0.063500 -      

Equity Funds:

Declaration- 9/1/2010   Ex-Date- 9/13/2010   Record- 9/15/2010   Payable- 9/30/2010

Fund Ticker Dividend

Change From

Prior

Dividend

BlackRock Real Asset Equity Trust* BCF $0.271800 - BlackRock Enhanced Dividend AchieversTM Trust* BDJ $0.245000 - BlackRock Strategic Dividend AchieversTM Trust* BDT $0.162500 - BlackRock Dividend AchieversTM Trust* BDV $0.162500 - BlackRock Energy and Resources Trust* BGR $0.405000 - BlackRock International Growth and Income Trust* BGY $0.340000 - BlackRock Health Sciences Trust* BME $0.384375 - BlackRock EcoSolutions Investment Trust* BQR $0.300000 - BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.485000 -  

* 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 their shareholders as of the applicable record date a Section 19 notice with the previous dividend payment. The Section 19 notice was provided not for tax reporting purposes but for informational purposes only. This information can be found in the “Closed-End Funds” section of www.blackrock.com. If applicable, the final determination of the source and tax characteristics of all distributions in 2010 will be made after the end of the year.

The BlackRock Enhanced Government Fund, Inc. (NYSE:EGF), BlackRock Real Asset Equity Trust (NYSE:BCF), BlackRock Enhanced Dividend AchieversTM Trust (NYSE:BDJ), BlackRock Strategic Dividend AchieversTM Trust (NYSE: BDT), BlackRock Dividend AchieversTM Trust (NYSE:BDV), BlackRock Energy and Resources Trust (NYSE:BGR), BlackRock International Growth and Income Trust (NYSE:BGY), BlackRock Health Sciences Trust (NYSE:BME), BlackRock EcoSolutions Investment Trust (NYSE:BQR) and BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) (collectively, the “Trusts”) have adopted a level distribution plan (the “Plan”) and employ either a managed distribution or an option over-write policy to support a level distribution of income, capital gains and/or return of capital. The fixed amounts distributed per share are subject to change at the discretion of each Trust’s Board. Under its Plan, each Trust will distribute all available investment income to its shareholders, consistent with its primary investment objectives and as required by the Internal Revenue Code of 1986, as amended. If sufficient investment income is not available on a quarterly/monthly basis, the Trusts will distribute long-term capital gains and or return capital to their shareholders in order to maintain a level distribution.

The Trusts’ estimated sources of the distributions paid currently and for their current fiscal year through June 30, 2010 and August 31, 2010 are as follows:

Estimated Allocations as of August 31, 2010 Trust   Distribution  

Net Investment

Income

 

Net Realized

Short-Term Gains

 

Net Realized

Long-Term Gains

  Return of Capital EGF1   $0.080000   $0.05593 (70%)   $0.00 (0%)   $0.00 (0%)   $0.02407 (30%)           Estimated Allocations as of June 30, 2010 Trust   Distribution  

Net Investment

Income

 

Net Realized

Short-Term Gains

 

Net Realized

Long-Term Gains

  Return of Capital BCF1   $0.271800   $0.016900 (6%)   $0.00 (0%)   $0.00 (0%)   $0.245900 (94%) BDJ1   $0.245000   $0.039323 (16%)   $0.00 (0%)   $0.00 (0%)   $0.205677 (84%) BDT1   $0.162500   $0.065380 (40%)   $0.00 (0%)   $0.00 (0%)   $0.097120 (60%) BDV1   $0.162500   $0.055320 (34%)   $0.00 (0%)   $0.00 (0%)   $0.107180 (66%) BGR   $0.405000   $0.075510 (19%)   $0.329490 (81%)   $0.00 (0%)   $0.00 (0%) BGY1   $0.340000   $0.097894 (29%)   $0.00 (0%)   $0.00 (0%)   $0.242106 (71%) BME   $0.384375   $0.00 (0%)   $0.384375 (100%)   $0.00 (0%)   $0.00 (0%) BQR1   $0.300000   $0.023700 (8%)   $0.00 (0%)   $0.00 (0%)   $0.276300 (92%) CII1   $0.485000   $0.088490 (18%)   $0.00 (0%)   $0.00 (0%)   $0.396510 (82%)   Estimated Allocations for the fiscal year through August 31, 2010 Trust   Distribution  

Net Investment

Income

 

Net Realized

Short-Term Gains

 

Net Realized

Long-Term Gains

  Return of Capital EGF1   $0.585000   $0.39370 (67%)   $0.00 (0%)   $0.00 (0%)   $0.19130 (33%)   Estimated Allocations for the fiscal year through June 30, 2010 Trust   Distribution  

Net Investment

Income

 

Net Realized

Short-Term Gains

 

Net Realized

Long-Term Gains

  Return of Capital BCF1   $0.815400   $0.025900 (3%)   $0.00 (0%)   $0.00 (0%)   $0.789500 (97%) BDJ1   $0.735000   $0.119093 (16%)   $0.00 (0%)   $0.00 (0%)   $0.615907 (84%) BDT1   $0.487500   $0.196650 (40%)   $0.00 (0%)   $0.00 (0%)   $0.290850 (60%) BDV1   $0.487500   $0.158650 (33%)   $0.00 (0%)   $0.00 (0%)   $0.328850 (67%) BGR   $1.215000   $0.190860 (16%)   $1.024140 (84%)   $0.00 (0%)   $0.00 (0%) BGY1   $1.250200   $0.118598 (9%)   $0.00 (0%)   $0.00 (0%)   $1.131602 (91%) BME   $1.153125   $0.060893 (5%)   $1.092232 (95%)   $0.00 (0%)   $0.00 (0%) BQR1   $0.900000   $0.036300 (4%)   $0.00 (0%)   $0.00 (0%)   $0.863700 (96%) CII1   $1.455000   $0.214220 (15%)   $0.00 (0%)   $0.00 (0%)   $1.240780 (85%)

1 The Trust estimates that it has distributed more than its income and capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Trust's investment performance and should not be confused with ‘yield’ or ‘income’.

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 the Trust’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Trust in which you are invested will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Trust Performance and Distribution Rate Information: Trust   Average annual total return (in relation to NAV) from inception to July 31, 2010   Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2010   Cumulative total return (in relation to NAV) for the fiscal year through July 31, 2010   Cumulative fiscal year distributions as a percentage of NAV as of July 31, 2010 EGF   4.84%   5.74%   3.88%   3.02% BDJ   (0.92)%   12.08%   9.04%   9.06% BCF   5.29%   8.87%   11.52%   6.65% BGY   (5.95)%   13.64%   2.77%   12.54% BDV   (1.72)% *   6.83%   9.91%   5.12% BDT   (0.78)% *   6.06%   16.29%   4.54% BGR   5.89% *   6.68%   6.91%   5.01% BME   6.63% *   6.10%   3.84%   4.58% BQR   (10.41)%   12.06%   2.70%   9.05% CII   3.92% *   13.71%   8.48%   10.28%

* Five year total return (in relation to NAV) as of July 31, 2010

Shareholders should not draw any conclusions about a Trust’s investment performance from the amount of the Trust’s current distributions or from the terms of the Trust’s Plan

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2010, BlackRock’s AUM was $3.151 trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including 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®. Headquartered in New York City, as of June 30, 2010, the firm has approximately 8,500 employees in 24 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the firm's website at www.blackrock.com.

Forward-Looking Statements

This press release, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to 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 each Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes in political, economic or industry conditions, the interest rate environment or financial and capital markets, which could result in changes in the Fund’s net asset value; (2) the performance of the Fund’s investments; (3) the impact of increased competition; (4) the extent and timing of any distributions or share repurchases; (5) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; and (6) BlackRock’s ability to attract and retain highly talented professionals.

The 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 our website is not a part of this press release.