Certain BlackRock closed-end funds (the “Funds”) announced
January monthly distributions and special distributions today as
detailed below.
January Monthly Distributions
Taxable Municipal Fund:
Declaration- 12/20/2012 Ex-Date- 12/27/2012 Record-
12/31/2012 Payable- 1/9/2013 Fund
Ticker Distribution
ChangeFrom PriorDistribution
BlackRock Build America Bond Trust* BBN $0.131800 - Taxable
Funds: Declaration- 12/20/2012 Ex-Date-
12/27/2012 Record- 12/31/2012 Payable- 1/9/2013 Fund
Ticker Distribution
Change FromPriorDistribution
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 $0.073000 -
BlackRock Defined Opportunity Credit Trust BHL $0.068500 - The
BlackRock High Yield Trust BHY $0.044500 - The BlackRock Income
Trust, Inc. BKT $0.040500 - BlackRock Limited Duration Income Trust
BLW $0.109500 - BlackRock Income Opportunity Trust, Inc. BNA
$0.057000 - 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 $0.052500 -
BlackRock Debt Strategies Fund, Inc. DSU $0.027000 - BlackRock
Enhanced Government Fund, Inc.* EGF $0.065000 - BlackRock Floating
Rate Income Strategies Fund, Inc. FRA $0.077000 - BlackRock High
Income Shares HIS $0.015200 - BlackRock Corporate High Yield Fund
VI, Inc. HYT $0.087500 - BlackRock Corporate High Yield Fund V,
Inc. HYV $0.090000 -
Special
Distributions
Declaration- 12/20/2012 Ex-Date- 12/27/2012
Record- 12/31/2012 Payable- 1/9/2013 Fund
Ticker Special Distribution
BlackRock Senior High Income Fund, Inc. ARK $0.022000 BlackRock
Floating Rate Income Trust BGT $0.135000 BlackRock Strategic Bond
Trust BHD $0.007000 BlackRock Core Bond Trust BHK $0.059000
BlackRock Defined Opportunity Credit Trust BHL $0.028000 BlackRock
Limited Duration Income Trust BLW $0.087000 BlackRock Corporate
High Yield Fund III, Inc. CYE $0.046000 BlackRock Debt Strategies
Fund, Inc. DSU $0.010000 BlackRock High Income Shares HIS $0.013000
BlackRock Corporate High Yield Fund VI, Inc. HYT $0.071000
BlackRock Corporate High Yield Fund V, Inc. HYV $0.097000
* 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 dividend 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 2012 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 of Directors. 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. If
sufficient investment income is not available on a monthly basis,
EGF will distribute long-term capital gains and/or return capital
to its shareholders in order to maintain a level distribution.
EGF’s estimated sources of the distribution paid as of December
18, 2012 and for its current fiscal year are as follows:
Estimated Allocations as of December 18, 2012
Fund Distribution
Net InvestmentIncome
Net RealizedShort-TermGains
Net RealizedLong-TermGains
Return of Capital EGF1 $0.065000
$0.045842 (71%) $0 (0%) $0 (0%)
$0.019158 (29%)
Estimated Allocations for the
fiscal year through December 18, 2012 Fund
Distribution
Net InvestmentIncome
Net RealizedShort-TermGains
Net RealizedLong-TermGains
Return of Capital EGF1 $0.765000
$0.611007 (80%) $0 (0%) $0 (0%)
$0.153993 (20%)
1 EGF 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 EGF’s
investment performance and should not be confused with ‘yield’ or
‘income’. When distributions exceed total return performance, the
difference will reduce EGF’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 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 totalreturn (in relation
toNAV) for the 5-yearperiod ending on 11/30/2012
Annualized currentdistribution
rateexpressed as apercentage of NAV as of 11/30/2012
Cumulative totalreturn (in relation toNAV)
for the fiscalyear through11/30/2012
Cumulative fiscalyear distributionsas a
percentage ofNAV as of11/30/2012
EGF 5.24% 4.83% 4.05%
4.33%
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 September 30, 2012, BlackRock’s AUM was $3.673
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 September 30, 2012, the firm
has approximately 10,400 employees in 29 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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