Certain BlackRock closed-end funds (the “Funds”) announced
distributions today as detailed below.
Municipal
Funds:
Declaration- 9/3/2013 Ex-Date-
9/12/2013 Record- 9/16/2013 Payable-
10/1/2013
National Funds Ticker Distribution Change From
Prior
Distribution
BlackRock Municipal Income Quality Trust BYM $0.078000 - BlackRock
Municipal Income Investment Quality Trust BAF $0.068500 - BlackRock
Long-Term Municipal Advantage Trust BTA $0.062000 - BlackRock Muni
Intermediate Duration Fund, Inc. MUI $0.071500 - BlackRock
MuniAssets Fund, Inc. MUA $0.062500 - BlackRock Municipal 2018 Term
Trust BPK $0.061000 - BlackRock Municipal Bond Trust BBK $0.078500
- BlackRock Municipal 2020 Term Trust BKK $0.062250 - BlackRock
Municipal Bond Investment Trust BIE $0.076000 - BlackRock Municipal
Income Trust BFK $0.075100 - BlackRock Municipal Income Trust II
BLE $0.085000 - BlackRock Municipal Income Investment Trust BBF
$0.072375 - BlackRock Municipal Target Term Trust BTT $0.093750 -
BlackRock MuniEnhanced Fund, Inc. MEN $0.060500 - BlackRock
MuniHoldings Fund II, Inc. MUH $0.083000 - BlackRock MuniHoldings
Fund, Inc. MHD $0.091500 - BlackRock MuniHoldings Quality Fund II,
Inc. MUE $0.070500 - BlackRock MuniHoldings Quality Fund, Inc. MUS
$0.067500 - BlackRock MuniHoldings Investment Quality Fund MFL
$0.071500 - BlackRock MuniVest Fund II, Inc. MVT $0.091000 -
BlackRock MuniVest Fund, Inc. MVF $0.059000 - BlackRock MuniYield
Fund, Inc. MYD $0.083500 - BlackRock MuniYield Quality Fund III,
Inc. MYI $0.072000 - BlackRock MuniYield Investment Quality Fund
MFT $0.071000 - BlackRock MuniYield Investment Fund MYF $0.079000 -
BlackRock MuniYield Quality Fund II, Inc. MQT $0.070500 - BlackRock
MuniYield Quality Fund, Inc. MQY $0.080000 - The BlackRock
Investment Quality Municipal Trust, Inc. BKN $0.080000 - The
BlackRock Strategic Municipal Trust BSD $0.074000 -
State-Specific Funds
Ticker Distribution Change From Prior
Distribution
BlackRock California Municipal Income Trust BFZ $0.077700 -
BlackRock California Municipal 2018 Term Trust BJZ $0.051300 -
BlackRock MuniHoldings California Quality Fund, Inc. MUC $0.071500
- BlackRock MuniYield California Fund, Inc. MYC $0.079000 -
BlackRock MuniYield California Quality Fund, Inc. MCA $0.076000 -
BlackRock Florida Municipal 2020 Term Trust BFO $0.056000 -
BlackRock Maryland Municipal Bond Trust BZM $0.062500 - BlackRock
Massachusetts Tax-Exempt Trust MHE $0.062500 - BlackRock Muni New
York Intermediate Duration Fund, Inc. MNE $0.062500 - BlackRock
MuniHoldings New York Quality Fund, Inc. MHN $0.076500 - BlackRock
MuniYield New York Quality Fund, Inc. MYN $0.071000 - BlackRock New
York Municipal 2018 Term Trust BLH $0.045300 - BlackRock New York
Municipal Income Quality Trust BSE $0.067500 - BlackRock New York
Municipal Bond Trust BQH $0.066500 - BlackRock New York Municipal
Income Trust BNY $0.069000 - BlackRock New York Municipal Income
Trust II BFY $0.070000 - BlackRock MuniHoldings New Jersey Quality
Fund, Inc. MUJ $0.074000 - BlackRock MuniYield New Jersey Fund,
Inc. MYJ $0.074000 - BlackRock MuniYield New Jersey Quality Fund,
Inc. MJI $0.074000 - BlackRock New Jersey Municipal Bond Trust BLJ
$0.074500 - BlackRock New Jersey Municipal Income Trust BNJ
$0.075100 - BlackRock MuniYield Arizona Fund, Inc. MZA $0.069500 -
BlackRock MuniYield Michigan Quality Fund II, Inc. MYM $0.069000 -
BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.076500 -
BlackRock MuniYield Pennsylvania Quality Fund MPA $0.074000 - The
BlackRock Pennsylvania Strategic Municipal Trust BPS $0.065000 -
BlackRock Virginia Municipal Bond Trust BHV $0.073000 -
Taxable Municipal
Fund:
Declaration- 9/3/2013 Ex-Date-
9/12/2013 Record- 9/16/2013 Payable-
9/30/2013
Fund Ticker Distribution
Change From Prior
Distribution
BlackRock Build America Bond Trust BBN $0.131800 -
Taxable
Funds:
Declaration- 9/3/2013 Ex-Date-
9/12/2013 Record- 9/16/2013 Payable-
9/30/2013
Fund Ticker Distribution Change From Prior
Distribution
BlackRock Senior High Income Fund, Inc. ARK $0.024000 - BlackRock
Floating Rate Income Trust BGT $0.072500 - BlackRock Strategic Bond
Trust BHD $0.078000 - BlackRock Core Bond Trust BHK $0.075500 -
BlackRock Defined Opportunity Credit Trust BHL $0.066000 - The
BlackRock High Yield Trust BHY $0.042800 - BlackRock Multi-Sector
Income Trust BIT $0.116700 - The BlackRock Income Trust, Inc.* BKT
$0.037000 - BlackRock Limited Duration Income Trust BLW $0.104500 -
BlackRock Income Opportunity Trust, Inc. BNA $0.059500 - BlackRock
Credit Allocation Income Trust BTZ $0.078500 - BlackRock Corporate
High Yield Fund, Inc. COY $0.049500 - BlackRock Corporate High
Yield Fund III, Inc. CYE $0.050500 - BlackRock Debt Strategies
Fund, Inc. DSU $0.025000 - BlackRock Enhanced Government Fund,
Inc.* EGF $0.065000 - BlackRock Floating Rate Income Strategies
Fund, Inc. FRA $0.075500 - BlackRock High Income Shares HIS
$0.014200 - BlackRock Corporate High Yield Fund VI, Inc. HYT
$0.080500 - BlackRock Corporate High Yield Fund V, Inc. HYV
$0.085500 -
Equity
Funds:
Declaration- 9/3/2013 Ex-Date-
9/12/2013 Record- 9/16/2013 Payable-
9/30/2013
Fund Ticker Distribution Change From Prior
Distribution
BlackRock Real Asset Equity Trust* BCF $0.221500 - BlackRock
Resources & Commodities Strategy Trust* BCX $0.290000 -
BlackRock Enhanced Equity Dividend Trust* BDJ $0.140000 - BlackRock
Energy and Resources Trust* BGR $0.405000 - BlackRock International
Growth and Income Trust* BGY $0.167850 - BlackRock Health Sciences
Trust* BME $0.384375 - BlackRock EcoSolutions Investment Trust* BQR
$0.179250 - BlackRock Enhanced Capital and Income Fund, Inc.* CII
$0.300000 -
* 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 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 2013 will be made after the
end of the year.
BlackRock Real Asset Equity Trust (NYSE:BCF), BlackRock
Resources & Commodities Strategy Trust (NYSE:BCX), BlackRock
Enhanced Equity Dividend Trust (NYSE:BDJ), 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),
BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) and
BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) have each
adopted a level distribution plan (the “Plan” and such Funds, the
“Plan Funds”) 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 Plan Fund’s Board. Under its Plan, each Plan Fund 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 Plan Funds will distribute long-term capital gains and or
return capital to their shareholders in order to maintain a level
distribution.
The Plan Funds’ estimated sources of the distributions paid
currently and for their fiscal year through June 28, 2013 and
August 30, 2013 are as follows:
Estimated Allocations as of August 30, 2013
Net Realized Plan
Net Investment Short-Term Net Realized Fund Distribution
Income Gains Long-Term Gains Return of
Capital EGF1 $0.065000 $0.039988 (62%) $0 (0%)
$0 (0%) $0.025012 (38%)
Estimated
Allocations as of June 28, 2013 Net
Realized Plan Net Investment Short-Term Net Realized Fund
Distribution Income Gains Long-Term Gains
Return of Capital BCF1 $0.221500 $0.039937
(18%) $0 (0%) $0 (0%) $0.181563 (82%) BCX1
$0.290000 $0.087935 (30%) $0 (0%) $0
(0%) $0.202065 (70%) BDJ1 $0.140000 $0.035239
(25%) $0 (0%) $0 (0%) $0.104761 (75%) BGR
$0.405000 $0.046785 (12%) $0.12023 (30%)
$0.237985 (58%) $0 (0%) BGY1 $0.167850
$0.096847 (58%) $0 (0%) $0 (0%) $0.071003
(42%) BME $0.384375 $0.033114 (9%) $0.216687
(56%) $0.134574 (35%) $0 (0%) BQR1 $0.179250
$0.038052 (21%) $0 (0%) $0 (0%)
$0.141198 (79%) CII1 $0.300000 $0.126029 (42%)
$0 (0%) $0 (0%) $0.173971 (58%)
Estimated Allocations for the fiscal year through August 30,
2013 Net Realized Plan Net Investment Short-Term
Net Realized Fund Distribution Income Gains
Long-Term Gains Return of Capital EGF1
$0.455000 $0.283247 (62%) $0 (0%) $0 (0%)
$0.171753 (38%)
Estimated Allocations for the
fiscal year through June 28, 2013 Net Realized
Plan Net Investment Short-Term Net Realized Fund
Distribution Income Gains Long-Term Gains
Return of Capital BCF1 $0.664500 $0.071338
(11%) $0 (0%) $0 (0%) $0.593162 (89%) BCX1
$0.870000 $0.163221 (19%) $0 (0%) $0
(0%) $0.706779 (81%) BDJ1 $0.420000 $0.122956
(29%) $0 (0%) $0 (0%) $0.297044 (71%) BGR
$1.215000 $0.101080 (8%) $0.477352 (39%)
$0.636568 (53%) $0 (0%) BGY1 $0.503550
$0.114994 (23%) $0 (0%) $0 (0%) $0.388556
(77%) BME $2.003125 $0.132386 (7%) $0.887061
(44%) $0.983678 (49%) $0 (0%) BQR1 $0.537750
$0.071575 (13%) $0 (0%) $0 (0%)
$0.466175 (87%) CII1 $0.900000 $0.261438 (29%)
$0 (0%) $0 (0%) $0.638562 (71%)
1 The Plan Fund estimates that it has distributed more than its
income and net realized 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 a Plan Fund's investment performance and should not be
confused with ‘yield’ or ‘income’. When distributions exceed total
return performance, the difference will reduce the Fund’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 the Plan Fund’s investment experience
during the remainder of its fiscal year and may be subject to
changes based on tax regulations. Each Plan Fund 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.
Fund Performance and Distribution Rate Information:
Average annual
total return (in Annualized current Cumulative total Cumulative
fiscal relation to NAV) distribution rate return (in relation year
distributions for the 5-year expressed as a to NAV) for the as a
percentage of Plan period ending on percentage of NAV fiscal year
through NAV as of Fund 07/31/2013 as of
07/31/2013 07/31/2013 07/31/2013 BCF
(3.22)% 9.00% (4.52)%
6.75% BCX * (6.46)% 8.76%
(8.04)% 6.57% BDJ 6.84%
6.36% 11.98% 4.77% BGR
1.87% 5.63% 16.34%
4.22% BGY 1.30% 7.84%
10.43% 5.88% BME 11.82%
4.55% 27.62% 5.93% BQR
(3.42)% 7.98% 4.68%
5.98% CII 7.83% 8.14%
12.04% 6.10% EGF 4.09%
5.05% (1.48)% 2.94%
* Portfolio launched within the past 5 years; this represents
the average annual total return (in relation to NAV) from inception
to July 31, 2013.
Shareholders should not draw any conclusions about a Plan
Fund’s investment performance from the amount of the Plan Fund’s
current distributions or from the terms of the Plan Fund’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, 2013, BlackRock’s assets under management
were $3.857 trillion. BlackRock helps clients 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®.
Headquartered in New York City, as of June 30, 2013, the firm had
approximately 10,700 employees in 30 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 BlackRock’s website at
www.blackrock.com.
Forward-Looking Statements
This press release, and other statements that BlackRock or the
Funds may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with
respect to the Funds 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 a
Fund 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.
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