BlackRock Credit Allocation Income Trust
IV (NYSE:BTZ) and BlackRock Enhanced Government Fund, Inc.
(NYSE:EGF) (the “Funds”) today paid the following dividends per
share:
Ticker Pay Date
Per Share BTZ January 11, 2010 $ 0.100000 EGF
January 11, 2010 $ 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 January 11, 2010
Fund Distribution Net Investment Income Net
Realized Short-Term Gains Net Realized Long-Term Gains
Return of Capital BTZ1 $0.100000 $0.0220 (22%)
$0.00 (0%) $0.00 (0%) $0.0780 (78%) EGF1, 2
$0.105000 $0.0292 (28%) $0.00 (0%)
$0.00 (0%) $0.0758 (72%)
Estimated Allocations for the fiscal year through January 11,
2010 Fund Distribution Net
Investment Income Net Realized Short-Term Gains Net
Realized Long-Term Gains Return of Capital BTZ1
$0.300000 $0.0997 (33%) $0.00 (0%) $0.00 (0%)
$0.2003 (67%) EGF1, 2 $1.427000 $0.9759 (68%)
$0.00 (0%) $0.2862 (20%) $0.1649 (12%)
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’.
2At December 29, 2009, and after giving effect to the Fund's
cumulative gain distributions for its fiscal year, the sum of the
Fund's accumulated net realized losses and net unrealized
depreciation of portfolio securities was approximately $(13.4)
million. The amount of the Fund's unrealized depreciation of
portfolio securities as of that date was $(13.6) million.
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: Fund
Average annual total return (in relation to NAV) from
inception to November 30, 2009 Annualized current
distribution rate expressed as a percentage of NAV as of December
31, 2009 Cumulative total return (in relation to NAV) for
the fiscal year through November 30, 2009 Cumulative fiscal
year distributions as a percentage of NAV as of December 31, 2009
BTZ (8.70)% 9.38% 1.87% 2.34% EGF
4.71% 7.59% 12.85% 8.60%
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 a leader in investment management, risk management
and advisory services for institutional and retail clients
worldwide. With approximately $3.2 trillion under management as of
September 30, 2009 (pro forma), 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, the firm has over 8,500 employees
in 24 countries. For additional information, please visit
BlackRock’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.
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.
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