BlackRock S&P Quality Rankings Global Equity Managed Trust
(NYSE AMEX:BQY), BlackRock Global Opportunities Equity Trust
(NYSE:BOE), BlackRock Preferred & Equity Advantage Trust
(NYSE:BTZ) and BlackRock Enhanced Government Fund, Inc. (NYSE:EGF)
paid the following dividends per share:
Ticker Pay Date
Per Share BQY August 31, 2009 $ 0.187500 BOE
August 31, 2009 $ 0.568750 BTZ August 31, 2009
$ 0.100000 EGF August 31, 2009 $ 0.105000
Each of the Funds has adopted a level distribution plan (the
“Plan”) and employs 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 Fund’s Board. Under its Plan, each 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 (the “Code”). If
sufficient investment income is not available on a
quarterly/monthly basis, the Funds will distribute long-term
capital gains and or return capital to their shareholders in order
to maintain a level distribution.
The Funds’ estimated sources of the
distributions paid this month and for their current fiscal years
are as follows:
Estimated Allocations as of August 31, 2009 Trust
Distribution
Net InvestmentIncome
NetRealizedShort-TermGains
NetRealizedLong-TermGains
Return of Capital
BQY1 $ 0.187500 $0.075700 (40%) $0.00 (0%)
$0.00 (0%) $0.111800 (60%) BOE1 $ 0.568750
$0.017480 (3%) $0.00 (0%) $0.00 (0%)
$0.551270 (97%) BTZ1 $ 0.100000 $0.055500 (55%)
$0.00 (0%) $0.00 (0%) $0.044500 (45%) EGF
$ 0.105000 $0.105000 (100%) $0.00 (0%)
$0.00 (0%) $0.000000 (0%)
Estimated Allocations for the fiscal year through August 31,
2009 Trust Distribution
Net InvestmentIncome
NetRealizedShort-TermGains
NetRealizedLong-TermGains
Return of Capital BQY1 $ 0.787500 $0.346800
(44%) $0.00 (0%) $0.00 (0%) $0.440700 (56%)
BOE1 $ 2.275000 $0.060490 (3%) $0.00 (0%)
$0.00 (0%) $2.214510 (97%) BTZ1 $ 1.210000
$0.799700 (66%) $0.00 (0%) $0.00 (0%)
$0.410300 (34%) EGF $ 0.735000 $0.735000 (100%)
$0.00 (0%) $0.00 (0%) $0.000000 (0%)
1The Funds estimate that they have distributed more than their
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 a Fund'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 each Fund’s investment experience during
the remainder of its fiscal year and may be subject to changes
based on tax regulations. The Funds 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: Trust
Average annualtotal return
(inrelation to NAV)from inception toJuly 31, 2009
Current fiscal period'sannualized
distributionrate as a percentage ofNAV as of July 31, 2009
Cumulative totalreturn (in
relation toNAV) for the fiscal yearthrough July 31, 2009
Cumulative fiscalyear distribution
rateexpressed as apercentage of NAV asof July 31, 2009
BQY 4.08% * 5.82% 11.40% 4.66% BOE
4.57% 12.29% 16.00% 9.22% BTZ
(14.34)% 10.38% 25.58% 9.60% EGF 4.18%
7.49% 9.06% 3.74% * Five year total return (in
relation to NAV) as of July 31, 2009
Shareholders should not draw any conclusions about a Fund’s
investment performance from the amount of the Fund’s current
distributions or from the terms of the Fund’s Plan.
About BlackRock
BlackRock is one of the world’s largest publicly traded
investment management firms. At June 30, 2009, BlackRock’s assets
under management were $1.373 trillion. The firm manages assets on
behalf of institutions and individuals worldwide through a variety
of equity, fixed income, cash management and alternative investment
products. In addition, a growing number of institutional investors
use BlackRock Solutions® investment system, risk management and
financial advisory services. The firm is headquartered in New York
City and has employees in 21 countries throughout the U.S., Europe
and Asia Pacific. 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; (6)
BlackRock’s ability to attract and retain highly talented
professionals; and (7) the impact of legislative and regulatory
actions and reforms and regulatory, supervisory or enforcement
actions of government agencies relating to BlackRock, Barclays PLC,
Bank of America, Merrill Lynch or PNC.
The Annual and Semi-Annual Reports and other regulatory filings
of the Funds with the 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.
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