Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Health Sciences Term Trust (NYSE: BMEZ) and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) pay monthly distributions to shareholders at an annual rate of 6% of the Fund’s 12-month rolling average daily net asset value calculated 5 business days prior to declaration date. The November 2023 distribution was calculated based on the average net asset value from October 25, 2022 to October 24, 2023. Below are the 12-month rolling average daily net asset values used to calculate each Fund’s November distribution:

BSTZ: $20.570438 BMEZ: $18.536693 BIGZ: $9.063984

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) previously declared its November and December distributions early.

Municipal Funds:

Declaration- 11/1/2023 Ex-Date- 11/14/2023 Record- 11/15/2023 Payable- 12/1/2023

National Funds

Ticker

Distribution

Change From Prior Distribution

BlackRock Municipal Income Quality Trust*

BYM

$0.038000

BlackRock Long-Term Municipal Advantage Trust*

BTA

$0.043500

BlackRock MuniAssets Fund, Inc.*

MUA

$0.040500

BlackRock Municipal Income Fund, Inc.

MUI

$0.034000

BlackRock Municipal Income Trust

BFK

$0.030500

BlackRock Investment Quality Municipal Trust, Inc.*

BKN

$0.039500

BlackRock Municipal Income Trust II

BLE

$0.034000

BlackRock Municipal 2030 Target Term Trust

BTT

$0.046400

BlackRock MuniHoldings Fund

MHD

$0.035500

BlackRock MuniYield Quality Fund II, Inc.*

MQT

$0.035000

BlackRock MuniYield Quality Fund, Inc.*

MQY

$0.043500

BlackRock MuniHoldings Quality Fund II, Inc.

MUE

$0.029000

BlackRock MuniVest Fund II, Inc.

MVT

$0.031500

BlackRock MuniYield Fund, Inc.

MYD

$0.036500

BlackRock MuniYield Quality Fund III, Inc.*

MYI

$0.040500

BlackRock MuniVest Fund, Inc.

MVF

$0.021000

BlackRock 2037 Municipal Target Term Trust

BMN

$0.093750

State-Specific Funds

Ticker

Distribution

Change From Prior Distribution

BlackRock MuniHoldings California Quality Fund, Inc.

MUC

$0.033500

BlackRock California Municipal Income Trust

BFZ

$0.039000

BlackRock MuniYield Michigan Quality Fund, Inc.*

MIY

$0.034500

BlackRock MuniHoldings New Jersey Quality Fund, Inc.*

MUJ

$0.037500

BlackRock MuniHoldings New York Quality Fund, Inc.*

MHN

$0.033500

BlackRock MuniYield New York Quality Fund, Inc.*

MYN

$0.031500

BlackRock New York Municipal Income Trust*

BNY

$0.030500

BlackRock MuniYield Pennsylvania Quality Fund*

MPA

$0.034000

BlackRock Virginia Municipal Bond Trust

BHV

$0.026500

Taxable Municipal Fund:

Declaration- 11/1/2023 Ex-Date- 11/14/2023 Record- 11/15/2023 Payable- 11/30/2023

Fund

Ticker

Distribution

Change From Prior Distribution

BlackRock Taxable Municipal Bond Trust*

BBN

$0.092900

Taxable Fixed Income Funds:

Declaration- 11/1/2023 Ex-Date- 11/14/2023 Record- 11/15/2023 Payable- 11/30/2023

Fund

Ticker

Distribution

Change From Prior Distribution

BlackRock Floating Rate Income Trust*

BGT

$0.113580

BlackRock Core Bond Trust*

BHK

$0.074600

BlackRock Multi-Sector Income Trust*

BIT

$0.123700

BlackRock Income Trust, Inc.*

BKT

$0.088200

BlackRock Limited Duration Income Trust*

BLW

$0.107900

BlackRock Credit Allocation Income Trust*

BTZ

$0.083900

BlackRock Debt Strategies Fund, Inc.*

DSU

$0.091050

BlackRock Enhanced Government Fund, Inc.*

EGF

$0.041000

BlackRock Floating Rate Income Strategies Fund, Inc.*

FRA

$0.117020

BlackRock Corporate High Yield Fund, Inc.*

HYT

$0.077900

Equity Funds:

Declaration- 11/1/2023 Ex-Date- 11/14/2023 Record- 11/15/2023 Payable- 11/30/2023

Fund

Ticker

Distribution

Change From Prior Distribution

BlackRock Resources & Commodities Strategy Trust*

BCX

$0.051800

BlackRock Energy and Resources Trust*

BGR

$0.065700

BlackRock Enhanced International Dividend Trust*

BGY

$0.033800

BlackRock Health Sciences Trust*

BME

$0.213000

BlackRock Health Sciences Term Trust*

BMEZ

$0.092690

(0.000490)

BlackRock Enhanced Global Dividend Trust*

BOE

$0.063000

BlackRock Utilities, Infrastructure & Power Opportunities Trust*

BUI

$0.121000

BlackRock Enhanced Capital and Income Fund, Inc.*

CII

$0.099500

BlackRock Science and Technology Trust*

BST

$0.250000

BlackRock Science and Technology Term Trust*

BSTZ

$0.102860

(0.000350)

BlackRock Innovation and Growth Term Trust*

BIGZ

$0.045320

(0.000260)

Multi-Asset Funds:

Declaration- 11/1/2023 Ex-Date- 11/14/2023 Record- 11/15/2023 Payable- 11/30/2023

Fund

Ticker

Distribution

Change From Prior

Distribution

BlackRock Capital Allocation Term Trust*

BCAT

$0.127500

BlackRock ESG Capital Allocation Term Trust*

ECAT

$0.125000

* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”), each of the Funds noted above posted to the DTC bulletin board and sent to its shareholders of record as of the applicable record date a Section 19 notice with the previous distribution 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 2023 will be made after the end of the year.

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII), BlackRock Science and Technology Trust (NYSE: BST), BlackRock Enhanced Government Fund, Inc. (NYSE: EGF), BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA), BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT), BlackRock Credit Allocation Income Trust (NYSE: BTZ), BlackRock Limited Duration Income Trust (NYSE: BLW), BlackRock Core Bond Trust (NYSE: BHK), BlackRock Multi-Sector Income Trust (NYSE: BIT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Health Sciences Term Trust (NYSE: BMEZ) and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) (collectively, the “Plan Funds”) have adopted a managed distribution plan (a “Plan”) to support a level monthly distribution of income, capital gains and/or return of capital, or in the case of BMEZ, BSTZ and BIGZ, a monthly distribution based on an annual rate of 6% of the Fund’s 12-month rolling average daily net asset value calculated 5 business days prior to declaration date of each distribution. The fixed amounts distributed per share or distribution rate, as applicable, are subject to change at the discretion of each Plan Fund’s Board of Directors/Trustees. Under its Plan, each Plan Fund will distribute all available investment income to its shareholders, consistent with its 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 monthly basis, each Plan Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.

The Funds’ estimated sources of the distributions paid this month and for their current fiscal year are as follows:

Estimated Allocations as of October 31, 2023

Fund

Distribution

Net Income

Net Realized Short- Term Gains

Net Realized Long- Term Gains

Return of Capital

BCX1

$0.051800

$0.006367 (12%)

$0 (0%)

$0.045433 (88%)

BDJ

$0.056200

$0.013083 (23%)

$0.000003 (0%)

$0.043114 (77%)

$0 (0%)

BGR1

$0.065700

$0.006107 (9%)

$0 (0%)

$0.059593 (91%)

BGY1

$0.033800

$0 (0%)

$0.033800 (100%)

BME1

$0.213000

$0.003204 (2%)

$0 (0%)

$0.209796 (98%)

BMEZ1

$0.093180

$0 (0%)

$0.093180 (100%)

BOE1

$0.063000

$0.018049 (29%)

$0 (0%)

$0.044951 (71%)

BUI1

$0.121000

$0 (0%)

$0.000001 (0%)

$0 (0%)

$0.120999 (100%)

CII

$0.099500

$0.010455 (11%)

$0 (0%)

$0.089045 (89%)

$0 (0%)

BST1

$0.250000

$0 (0%)

$0.250000 (100%)

BSTZ1

$0.103210

$0 (0%)

$0.103210 (100%)

BIGZ1

$0.045580

$0 (0%)

$0.045580 (100%)

EGF1

$0.041000

$0.031270 (76%)

$0 (0%)

$0.009730 (24%)

DSU1

$0.091050

$0.085770 (94%)

$0 (0%)

$0.005280 (6%)

FRA1

$0.117020

$0.109155 (93%)

$0 (0%)

$0.007865 (7%)

BGT1

$0.113580

$0.107442 (95%)

$0 (0%)

$0.006138 (5%)

HYT1

$0.077900

$0.059855 (77%)

$0 (0%)

$0.018045 (23%)

BTZ1

$0.083900

$0.053625 (64%)

$0 (0%)

$0.030275 (36%)

BLW1

$0.107900

$0.095370 (88%)

$0 (0%)

$0.012530 (12%)

BHK1

$0.074600

$0.048622 (65%)

$0 (0%)

$0.025978 (35%)

BIT1

$0.123700

$0.081726 (66%)

$0 (0%)

$0.041974 (34%)

BCAT1

$0.127500

$0.035484 (28%)

$0 (0%)

$0.092016 (72%)

ECAT1

$0.125000

$0.024405 (20%)

$0 (0%)

$0.100595 (80%)

Estimated Allocations for the Fiscal Year through October 31, 2023

Fund

Distribution

Net Income

Net Realized Short- Term Gains

Net Realized Long- Term Gains

Return of Capital

BCX1

$0.518000

$0.238710 (46%)

$0 (0%)

$0.279290 (54%)

BDJ

$0.562000

$0.242350 (43%)

$0.084620 (15%)

$0.235030 (42%)

$0 (0%)

BGR1

$0.642600

$0.290550 (45%)

$0 (0%)

$0.352050 (55%)

BGY1

$0.338000

$0.080990 (24%)

$0 (0%)

$0.150920 (45%)

$0.106090 (31%)

BME1

$2.130000

$0.109540 (5%)

$0 (0%)

$1.007930 (47%)

$1.012530 (48%)

BMEZ1

$1.398180

$0 (0%)

$1.398180 (100%)

BOE1

$0.630000

$0.195760 (31%)

$0 (0%)

$0.434240 (69%)

BUI1

$1.210000

$0.294950 (24%)

$0.333300 (28%)

$0.346220 (29%)

$0.235530 (19%)

CII

$0.995000

$0.077230 (8%)

$0 (0%)

$0.917770 (92%)

$0 (0%)

BST1

$2.500000

$0 (0%)

$2.500000 (100%)

BSTZ1

$1.616310

$0 (0%)

$0.277810 (17%)

$1.338500 (83%)

BIGZ1

$0.675580

$0 (0%)

$0.675580 (100%)

EGF1

$0.410000

$0.257823 (63%)

$0 (0%)

$0.152177 (37%)

DSU1

$0.856650

$0.811653 (95%)

$0 (0%)

$0.044997 (5%)

FRA1

$1.080700

$1.040954 (96%)

$0 (0%)

$0.039746 (4%)

BGT1

$1.049000

$1.021584 (97%)

$0 (0%)

$0.027416 (3%)

HYT1

$0.779000

$0.562169 (72%)

$0 (0%)

$0.216831 (28%)

BTZ1

$0.839000

$0.518251 (62%)

$0 (0%)

$0.320749 (38%)

BLW1

$0.990800

$0.874247 (88%)

$0 (0%)

$0.116553 (12%)

BHK1

$0.746000

$0.446536 (60%)

$0 (0%)

$0.299464 (40%)

BIT1

$1.484400

$0.886377 (60%)

$0 (0%)

$0.598023 (40%)

BCAT1

$1.251600

$0.311193 (25%)

$0 (0%)

$0.940407 (75%)

ECAT1

$1.225000

$0.135565 (11%)

$0 (0%)

$1.089435 (89%)

1The Fund 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 the Fund's investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share.

The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being 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 Fund 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) for the 5-year period ending on 9/30/2023

Annualized current distribution rate expressed as a percentage of NAV as of 9/30/2023

Cumulative total return (in relation to NAV) for the fiscal year through 9/30/2023

Cumulative fiscal year distributions as a percentage of NAV as of 9/30/2023

BCX

8.10%

5.81%

0.03%

4.36%

BDJ

5.50%

8.04%

1.99%

6.03%

BGR

5.57%

5.31%

9.50%

3.88%

BGY

5.30%

7.08%

4.88%

5.31%

BME

6.55%

6.26%

(1.18)%

4.70%

BMEZ*

3.35%

6.57%

(1.56)%

7.66%

BOE

5.34%

6.88%

6.01%

5.16%

BUI

7.59%

7.11%

(4.09)%

5.33%

CII

8.29%

6.45%

10.79%

4.84%

BST

8.10%

9.46%

16.77%

7.09%

BSTZ*

8.91%

6.09%

13.31%

7.44%

BIGZ*

(21.98)%

6.42%

4.85%

7.39%

EGF

(2.02)%

4.95%

(0.74)%

3.71%

DSU

4.94%

10.15%

11.33%

7.12%

FRA

5.14%

10.63%

11.66%

7.30%

BGT

5.21%

10.62%

11.87%

7.29%

HYT

3.77%

10.18%

7.35%

7.64%

BTZ

2.38%

9.30%

3.99%

6.98%

BLW

3.52%

9.57%

7.06%

6.53%

BHK

0.24%

8.82%

(0.78)%

6.61%

BIT

3.36%

10.51%

5.70%

9.64%

BCAT*

1.11%

9.23%

5.93%

6.78%

ECAT*

(0.50)%

8.87%

9.28%

6.51%

* Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 9/30/2023.

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.

BlackRock Income Trust, Inc. (NYSE: BKT) and BlackRock Taxable Municipal Bond Trust (NYSE: BBN) have adopted a Plan whereby the Fund will make fixed monthly distributions to common stockholders and will distribute all available net income to its stockholders, consistent with its investment objective and as required by the Code. The fixed amount distributed per share is subject to change at the discretion of BKT and BBN’s Board. If sufficient net income is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain a level distribution. BKT and BBN are currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. BKT and BBN may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year, if required to meet requirements imposed by the Code and/or the 1940 Act.

BKT and BBN’s estimated sources of the distributions paid as of October 31, 2023 and for its current fiscal year are as follows:

Estimated Allocations as of October 31, 2023

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long- Term Gains

Return of Capital

BKT2

$0.088200

$0.035907 (41%)

$0 (0%)

$0.052293 (59%)

BBN2

$0.092900

$0.073679 (79%)

$0 (0%)

$0.019221 (21%)

Estimated Allocations for the Fiscal Year through October 31, 2023

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long- Term Gains

Return of Capital

BKT2

$0.882000

$0.327061 (37%)

$0 (0%)

$0.554939 (63%)

BBN2

$0.979000

$0.748148 (76%)

$0 (0%)

$0.230852 (24%)

2The Fund 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 the Fund's investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share.

The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon BKT and BBN’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. BKT and BBN will send its stockholders a Form 1099-DIV for the calendar year that will illustrate 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) for the 5-year period ending on 9/30/2023

Annualized current distribution rate expressed as a percentage of NAV as of 9/30/2023

Cumulative total return (in relation to NAV) for the fiscal year through 9/30/2023

Cumulative fiscal year distributions as a percentage of NAV as 9/30/2023

BKT

(1.58)%

8.86%

(2.81)%

6.65%

BBN

0.03%

6.72%

1.00%

5.34%

No conclusions should be drawn about BKT or BBN’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan.

The amount distributed per share under a Plan is subject to change at the discretion of the applicable Fund’s Board. Each Plan will be subject to ongoing review by the Board to determine whether the Plan should be continued, modified or terminated. The Board may amend the terms of a Plan or suspend or terminate a Plan at any time without prior notice to the Fund’s shareholders if it deems such actions to be in the best interest of the Fund or its shareholders. The amendment or termination of a Plan could have an adverse effect on the market price of the Fund's shares.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate

Availability of Fund Updates

BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release.

Forward-Looking Statements

This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s 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, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics 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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231101421069/en/

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