Certain BlackRock closed-end funds (the “Funds”) announced
distributions today as detailed below.
Municipal Funds:
Declaration- 7/1/2010
Ex-Date- 7/13/2010 Record-
7/15/2010 Payable- 8/2/2010
National Funds Ticker
Dividend
Change FromPriorDividend
BlackRock Apex Municipal Fund, Inc. APX $0.044000 - BlackRock
Insured Municipal Income Trust BYM $0.074000 - BlackRock Insured
Municipal Income Investment Trust BAF $0.073500 - BlackRock Insured
Municipal Term Trust Inc. BMT $0.015000 - BlackRock Investment
Quality Municipal Income Trust RFA $0.070000 - BlackRock Long-Term
Municipal Advantage Trust BTA $0.059500 - BlackRock Muni
Intermediate Duration Fund, Inc. MUI $0.068000 - 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 $0.085000 -
BlackRock Municipal Bond Investment Trust BIE $0.078800 - BlackRock
Municipal Income Trust BFK $0.078600 - BlackRock Municipal Income
Trust II BLE $0.081000 - 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 $0.086000 - BlackRock
MuniHoldings Insured Fund II, Inc. MUE $0.073500 - BlackRock
MuniHoldings Insured Fund, Inc. MUS $0.074000 - BlackRock
MuniHoldings Insured Investment Fund MFL $0.073000 - BlackRock
MuniVest Fund II, Inc. MVT $0.086000 - BlackRock MuniVest Fund,
Inc. MVF $0.056000 - BlackRock MuniYield Fund, Inc. MYD $0.080000 -
BlackRock MuniYield Insured Fund, Inc. MYI $0.071000 - 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 FromPriorDividend
BlackRock California Municipal Income Trust BFZ $0.075700 -
BlackRock California Municipal 2018 Term Trust BJZ $0.072000 -
BlackRock MuniHoldings California Insured Fund, Inc. MUC $0.070500
- BlackRock MuniYield California Fund, Inc. MYC $0.072000 -
BlackRock MuniYield California Insured Fund, Inc. MCA $0.068000 -
The BlackRock California Investment Quality Municipal Trust, Inc.
RAA $0.058000 - 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 $0.058000 - BlackRock MuniHoldings New York Insured Fund,
Inc. MHN $0.078000 - BlackRock MuniYield New York Insured Fund,
Inc. MYN $0.070000 - BlackRock New York Insured Municipal Income
Trust BSE $0.070500 - BlackRock New York Municipal 2018 Term Trust
BLH $0.082000 - BlackRock New York Municipal Bond Trust BQH
$0.080500 - BlackRock New York Municipal Income Trust BNY $0.082500
- BlackRock New York Municipal Income Trust II BFY $0.082000 - The
BlackRock New York Investment Quality Municipal Trust, Inc. RNY
$0.073000 - BlackRock MuniHoldings New Jersey Insured Fund, Inc.
MUJ $0.073000 - BlackRock MuniYield New Jersey Fund, Inc. MYJ
$0.070500 - 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 $0.075000 -
BlackRock MuniYield Pennsylvania Insured Fund MPA $0.072000 - The
BlackRock Pennsylvania Strategic Municipal Trust BPS $0.072500 -
BlackRock Virginia Municipal Bond Trust BHV $0.081500 -
Massachusetts Health & Education Tax-Exempt Trust MHE $0.070000
-
Taxable Funds:
Declaration- 7/1/2010
Ex-Date- 7/13/2010 Record-
7/15/2010 Payable- 7/30/2010
Fund Ticker Dividend
Change FromPriorDividend
BlackRock Senior High Income Fund, Inc. ARK $0.025000 - BlackRock
Floating Rate Income Trust BGT $0.070000 - BlackRock Strategic Bond
Trust BHD $0.077000 - BlackRock Core Bond Trust BHK $0.067000 -
BlackRock Defined Opportunity Credit Trust BHL $0.064000 - The
BlackRock High Yield Trust BHY $0.043500 - The BlackRock Income
Trust, Inc.* BKT $0.024000 - BlackRock Limited Duration Income
Trust BLW $0.085000 - 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 $0.029000 - BlackRock
Diversified Income Strategies Fund, Inc.* DVF $0.068500 - 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 -
* 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.
BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) (“EGF”) 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 EGF’s Board. Under its Plan, EGF
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, EGF will distribute long-term capital
gains and or return capital to their shareholders in order to
maintain a level distribution.
EGF’s estimated sources of the distributions paid as of June 30,
2010 are as follows:
Estimated Allocations as of June 30, 2010
Fund Distribution
Net Investment Income Net Realized Short-Term
Gains Net Realized Long-Term Gains
Return of Capital EGF $0.080000
$0.056040 (70%) $0.00 (0%) $0.00 (0%)
$0.023960 (30%)
Estimated Allocations for the
fiscal year through June 30, 2010
Fund Distribution
Net Investment Income Net Realized Short-Term Gains
Net Realized Long-Term Gains Return of
Capital EGF $0.425000 $0.286860 (67%)
$0.00 (0%) $0.00 (0%)
$0.138140 (33%)
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 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 May 31, 2010
Annualized current distribution rate expressed as a percentage of
NAV as of May 31, 2010 Cumulative total return (in
relation to NAV) for the fiscal year through May 31, 2010
Cumulative fiscal year distributions as a percentage of NAV
as of May 31, 2010 EGF 4.88% 5.72%
3.27% 2.06%
Shareholders should not draw any conclusions about EGF’s
investment performance from the amount of EGF’s current
distributions or from the terms of EGF’s Plan.
About BlackRock
BlackRock is a leader in investment management, risk management
and advisory services for institutional and retail clients
worldwide. At March 31, 2010, BlackRock’s assets under management
were $3.364 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 March 31, 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.
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