Certain BlackRock closed-end funds (the “Funds”) announced
distributions today as detailed below.
Municipal Funds:
Declaration- 2/1/2012 Ex-Date- 2/13/2012 Record- 2/15/2012
Payable- 3/1/2012
National Funds Ticker Dividend Change From
Prior
Distribution
BlackRock Municipal Income Quality Trust BYM $0.077000 - BlackRock
Municipal Income Investment Quality Trust BAF $0.074500 - BlackRock
Investment Quality Municipal Income Trust RFA $0.070000 - BlackRock
Long-Term Municipal Advantage Trust BTA $0.064500 - BlackRock Muni
Intermediate Duration Fund, Inc. MUI $0.071500 - BlackRock
MuniAssets Fund, Inc. MUA $0.062500 - BlackRock Municipal Bond
Trust BBK $0.088500 - BlackRock Municipal Bond Investment Trust BIE
$0.081000 - BlackRock Municipal Income Trust BFK $0.080100 -
BlackRock Municipal Income Trust II BLE $0.083500 - BlackRock
Municipal Income Investment Trust BBF $0.075375 - BlackRock
Municipal 2018 Term Trust BPK $0.078000 BlackRock MuniEnhanced
Fund, Inc. MEN $0.057000 - BlackRock MuniHoldings Fund II, Inc. MUH
$0.081500 - BlackRock MuniHoldings Fund, Inc. MHD $0.090500 -
BlackRock MuniHoldings Quality Fund II, Inc. MUE $0.073500 -
BlackRock MuniHoldings Quality Fund, Inc. MUS $0.074000 - BlackRock
MuniHoldings Investment Quality Fund MFL $0.076500 - BlackRock
MuniVest Fund II, Inc. MVT $0.088500 - BlackRock MuniVest Fund,
Inc. MVF $0.059000 - BlackRock MuniYield Fund, Inc. MYD $0.082500 -
BlackRock MuniYield Quality Fund III, Inc. MYI $0.072000 -
BlackRock MuniYield Investment Quality Fund MFT $0.071000 -
BlackRock MuniYield Investment Fund MYF $0.077500 - BlackRock
MuniYield Quality Fund II, Inc. MQT $0.068000 - BlackRock MuniYield
Quality Fund, Inc. MQY $0.077000 - The BlackRock Investment Quality
Municipal Trust, Inc. BKN $0.084000 - The BlackRock Strategic
Municipal Trust BSD $0.074000 -
State-Specific Funds
Ticker Dividend Change From Prior
Distribution
BlackRock California Municipal Income Trust BFZ $0.075700 -
BlackRock California Municipal 2018 Term Trust BJZ $0.072000
BlackRock MuniHoldings California Quality Fund, Inc. MUC $0.076500
- BlackRock MuniYield California Fund, Inc. MYC $0.079000 -
BlackRock MuniYield California Quality Fund, Inc. MCA $0.073500 -
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 -
BlackRock MuniHoldings New York Quality Fund, Inc. MHN $0.079500 -
BlackRock MuniYield New York Quality Fund, Inc. MYN $0.071000 -
BlackRock New York Municipal 2018 Term Trust BLH $0.082000
BlackRock New York Municipal Income Quality Trust BSE $0.071500 -
BlackRock New York Municipal Bond Trust BQH $0.082000 - BlackRock
New York Municipal Income Trust BNY $0.082500 - BlackRock New York
Municipal Income Trust II BFY $0.083500 - The BlackRock New York
Investment Quality Municipal Trust, Inc. RNY $0.073000 - BlackRock
MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.074000 -
BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.072500 - BlackRock
MuniYield New Jersey Quality Fund, Inc. MJI $0.072000 - BlackRock
New Jersey Municipal Bond Trust BLJ $0.078000 - BlackRock New
Jersey Municipal Income Trust BNJ $0.079100 - The BlackRock New
Jersey Investment Quality Municipal Trust RNJ $0.065500 - BlackRock
MuniYield Arizona Fund, Inc. MZA $0.069500 - BlackRock MuniYield
Michigan Quality Fund II, Inc. MYM $0.071500 - BlackRock MuniYield
Michigan Quality Fund, Inc. MIY $0.076500 - BlackRock MuniYield
Pennsylvania Quality Fund MPA $0.076500 - The BlackRock
Pennsylvania Strategic Municipal Trust BPS $0.076000 - BlackRock
Virginia Municipal Bond Trust BHV $0.083000 - Massachusetts Health
& Education Tax-Exempt Trust MHE $0.070000 -
Taxable Municipal Fund:
Declaration- 2/1/2012 Ex-Date- 2/13/2012 Record- 2/15/2012
Payable- 2/29/2012
Fund Ticker Dividend Change From Prior
Distribution
BlackRock Build America Bond Trust* BBN $0.129800 -
Taxable Funds:
Declaration- 2/1/2012 Ex-Date- 2/13/2012 Record- 2/15/2012
Payable- 2/29/2012
Fund Ticker Dividend Change From Prior
Distribution
BlackRock Senior High Income Fund, Inc.* ARK $0.025000 - BlackRock
Floating Rate Income Trust BGT $0.077500 - BlackRock Strategic Bond
Trust BHD $0.084500 - BlackRock Core Bond Trust BHK $0.067000 -
BlackRock Defined Opportunity Credit Trust BHL $0.066000 - The
BlackRock High Yield Trust* BHY $0.043500 - The BlackRock Income
Trust, Inc. BKT $0.040500 - BlackRock Limited Duration Income Trust
BLW $0.105000 - BlackRock Income Opportunity Trust, Inc. BNA
$0.053000 - BlackRock Credit Allocation Income Trust III BPP
$0.063500 - BlackRock Credit Allocation Income Trust IV* BTZ
$0.078500 - BlackRock Corporate High Yield Fund, Inc. COY $0.051000
- BlackRock Corporate High Yield Fund III, Inc.* CYE $0.051000 -
BlackRock Debt Strategies Fund, Inc. DSU $0.027000 - BlackRock
Diversified Income Strategies Fund, Inc.* DVF $0.058500 - BlackRock
Enhanced Government Fund, Inc.* EGF $0.070000 - BlackRock Floating
Rate Income Strategies Fund, Inc.* FRA $0.077000 - BlackRock
Floating Rate Income Strategies Fund II, Inc. FRB $0.073000 -
BlackRock High Income Shares HIS $0.014200 - BlackRock Corporate
High Yield Fund VI, Inc. HYT $0.083500 - BlackRock Corporate High
Yield Fund V, Inc. HYV $0.086000 - BlackRock Credit Allocation
Income Trust I, Inc. PSW $0.059500 - BlackRock Credit Allocation
Income Trust II, Inc. PSY $0.061000 -
Equity Funds:
Declaration- 2/1/2012 Ex-Date- 2/13/2012 Record- 2/15/2012
Payable- 2/29/2012
Fund Ticker Dividend Change From Prior
Distribution
BlackRock Global Opportunities Equity Trust* BOE 0.568750 -
BlackRock S&P Quality Rankings Global Equity Managed Trust* BQY
0.250000 -
* 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 2012 will be made after the end of the year.
BlackRock Enhanced Government Fund, Inc. (NYSE:EGF), BlackRock
Global Opportunities Equity Trust (NYSE:BOE) and BlackRock S&P
Quality Rankings Global Equity Managed Trust (NYSE AMEX:BQY)
(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 Trust
will distribute long-term capital gains and/or return capital to
its shareholders in order to maintain a level distribution.
The Trusts’ estimated sources of the distributions paid as of
November 30, 2011 or January 9, 2012, as applicable, and for their
current fiscal year are as follows:
Estimated Allocations as of January 9, 2012
Trust Distribution
Net Investment
Income
Net Realized
Short-Term
Gains
Net Realized
Long-Term
Gains
Return of Capital EGF1 $0.070000 $0.028713
(41%) $0 (0%) $0 (0%) $0.041287 (59%)
Estimated Allocations as of November
30, 2011 Trust Distribution
Net Investment
Income
Net Realized
Short-Term
Gains
Net Realized
Long-Term
Gains
Return of Capital BOE1 $0.568750 $0.039478
(7%) $0 (0%) $0 (0%) $0.529272 (93%) BQY1
$0.250000 $0.069221 (28%) $0 (0%) $0
(0%) $0.180779 (72%)
Estimated Allocations for the
fiscal year through January 9, 2012 Trust
Distribution
Net Investment
Income
Net Realized
Short-Term
Gains
Net Realized
Long-Term
Gains
Return of Capital EGF1 $0.070000 $0.028713
(41%) $0 (0%) $0 (0%) $0.041287 (59%)
Estimated Allocations for the fiscal year through November 30,
2011 Trust Distribution
Net Investment
Income
Net Realized
Short-Term
Gains
Net Realized
Long-Term
Gains
Return of Capital BOE1 $0.568750 $0.039478
(7%) $0 (0%) $0 (0%) $0.529272 (93%) BQY1
$0.250000 $0.069221 (28%) $0 (0%) $0 (0%)
$0.180779 (72%)
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 a 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. The Trust 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) for
the 5-year period
ending on
12/31/2011
Annualized current
distribution rate
expressed as a percentage of NAV
as of 12/31/2011
Cumulative total
return (in relation to
NAV) for the fiscal
year through
12/31/2011
Cumulative
fiscal year
distributions as
a percentage of
NAV as of
12/31/2011
EGF 4.76% 5.18%
4.99%
5.67% BOE 0.69%
14.97%
(1.35)% 3.74% BQY (0.38)% 8.24%
0.44% 3.97%
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 December 31, 2011, BlackRock’s AUM was $3.513
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 December 31, 2011, the firm
has approximately 10,100 employees in 27 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 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 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 fund or in
the fund’s net asset value; (2) the relative and absolute
investment performance of the 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 the 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; (11) the impact of
problems at other financial institutions or the failure or negative
performance of products at other financial institutions; and (12)
the ability of BlackRock to integrate the operations of Barclays
Global Investors.
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 BlackRock’s website is not a part of this press
release.
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