MHD BlackRock MuniHoldings Fund Inc

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

Several of the municipal Funds announced dividend increases. These dividend increases were made in order to better align the Funds with their current earnings rates in light of each fund�s earnings potential and level of undistributed net investment income.

Additionally, several of the taxable Funds announced dividend reductions. With respect to BlackRock Floating Rate Income Trust (NYSE:BGT), BlackRock Defined Opportunity Credit Trust (NYSE:BHL), BlackRock Limited Duration Income Trust (NYSE:BLW), BlackRock Diversified Income Strategies Fund (NYSE:DVF), BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) and BlackRock Floating Rate Income Strategies Fund II (NYSE:FRB), these dividend reductions take into account each Fund�s earnings potential and the decreasing interest rates on floating rate securities held by the Funds.

With respect to BlackRock Corporate High Yield Fund III (NYSE:CYE), BlackRock Corporate High Yield Fund V (NYSE: HYV), BlackRock Corporate High Yield Fund VI (NYSE: HYT), BlackRock High Income Shares (NYSE:HIS), BlackRock Preferred Opportunity Trust (NYSE:BPP), BlackRock Preferred & Equity Advantage Trust (NYSE:BTZ), BlackRock Preferred Income Strategies Fund (NYSE:PSY) and BlackRock Preferred & Corporate Income Strategies Fund (NYSE:PSW), these dividend reductions take into account each Fund�s earnings potential and net asset value decline in light of the current market environment for high yield bonds and preferred stock.

Details are as follows:

Municipal Funds: � � � Declaration- 6/1/2009 Ex-Date- 6/11/2009 Record- 6/15/2009 Payable- 7/1/2009 � � � � � National Funds Ticker Dividend

Change From

Prior Month

� BlackRock Apex Municipal Fund, Inc. APX $0.046500 - BlackRock Insured Municipal Income Trust BYM $0.068500 $0.007500 BlackRock Insured Municipal Income Investment Trust BAF $0.0655000 $0.007500 BlackRock Investment Quality Municipal Income Trust RFA $0.057000 $0.012500 BlackRock Long-Term Municipal Advantage Trust BTA $0.055000 - BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.065500 $0.007500 BlackRock MuniAssets Fund, Inc. MUA $0.067500 - BlackRock Municipal 2018 Term Trust BPK $0.078000 $0.002500 BlackRock Municipal 2020 Term Trust BKK $0.062250 - BlackRock Municipal Bond Trust BBK $0.085000 $0.012500 BlackRock Municipal Bond Investment Trust BIE $0.073800 $0.005000 BlackRock Municipal Income Trust BFK $0.078600 $0.010000 BlackRock Municipal Income Trust II BLE $0.081000 $0.015000 BlackRock Municipal Income Investment Trust BBF $0.075375 $0.002500 BlackRock MuniEnhanced Fund, Inc. MEN $0.050500 $0.007500 BlackRock MuniHoldings Fund II, Inc. MUH $0.075500 $0.012500 BlackRock MuniHoldings Fund, Inc. MHD $0.083500 $0.012500 BlackRock MuniHoldings Insured Fund II, Inc. MUE $0.067500 $0.017500 BlackRock MuniHoldings Insured Fund, Inc. MUS $0.066000 $0.017500 BlackRock MuniHoldings Insured Investment Fund MFL $0.068000 $0.012500 BlackRock MuniVest Fund II, Inc. MVT $0.083500 $0.012500 BlackRock MuniVest Fund, Inc. MVF $0.050500 $0.007500 BlackRock MuniYield Fund, Inc. MYD $0.069000 $0.005000 BlackRock MuniYield Insured Fund, Inc. MYI $0.061000 $0.005000 BlackRock MuniYield Insured Investment Fund MFT $0.066000 $0.012500 BlackRock MuniYield Investment Fund MYF $0.058000 - BlackRock MuniYield Quality Fund II, Inc. MQT $0.057500 $0.007500 BlackRock MuniYield Quality Fund, Inc. MQY $0.067000 $0.010000 The BlackRock Investment Quality Municipal Trust, Inc. BKN $0.075500 $0.012500 The BlackRock Strategic Municipal Trust BSD $0.070000 $0.007500 � � � � � � � �

State-Specific Funds

Ticker Dividend

Change From

Prior Month

� BlackRock California Insured Municipal Income Trust BCK $0.066000 $0.010000 BlackRock California Municipal 2018 Term Trust BJZ $0.072000 $0.010750 BlackRock California Municipal Bond Trust BZA $0.077000 $0.015000 BlackRock California Municipal Income Trust BFZ $0.075700 $0.007500 BlackRock California Municipal Income Trust II BCL $0.074500 $0.017500 BlackRock MuniHoldings California Insured Fund, Inc. MUC $0.063000 $0.010000 BlackRock MuniYield California Fund, Inc. MYC $0.067500 $0.012500 BlackRock MuniYield California Insured Fund, Inc. MCA $0.061000 $0.007500 The BlackRock California Investment Quality Municipal Trust, Inc. RAA $0.051500 $0.005000 BlackRock Florida Municipal 2020 Term Trust, Inc. BFO $0.056000 $0.005000 BlackRock Maryland Municipal Bond Trust BZM $0.067900 $0.002500 BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.055500 $0.002500 BlackRock MuniHoldings New York Insured Fund, Inc. MHN $0.065500 $0.012500 BlackRock MuniYield New York Insured Fund, Inc. MYN $0.052500 - BlackRock New York Insured Municipal Income Trust BSE $0.065500 $0.007500 BlackRock New York Municipal 2018 Term Trust, Inc. BLH $0.079000 $0.010250 BlackRock New York Municipal Bond Trust BQH $0.078000 $0.010000 BlackRock New York Municipal Income Trust BNY $0.080000 $0.004661 BlackRock New York Municipal Income Trust II BFY $0.077500 $0.015000 The BlackRock New York Investment Quality Municipal Trust, Inc. RNY $0.068200 $0.010000 BlackRock MuniHoldings New Jersey Insured Fund, Inc. MUJ $0.065500 $0.012500 BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.070500 $0.012500 BlackRock MuniYield New Jersey Insured Fund, Inc. MJI $0.064000 $0.010000 BlackRock New Jersey Municipal Bond Trust BLJ $0.075500 $0.005000 BlackRock New Jersey Municipal Income Trust BNJ $0.077600 - The BlackRock New Jersey Investment Quality Municipal Trust RNJ $0.061400 $0.010000 BlackRock MuniYield Arizona Fund, Inc. MZA $0.067000 $0.010000 BlackRock MuniYield Michigan Insured Fund II, Inc. MYM $0.066500 $0.012500 BlackRock MuniYield Michigan Insured Fund, Inc. MIY $0.066500 $0.012500 BlackRock MuniYield Pennsylvania Insured Fund MPA $0.065500 $0.012500 The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.050000 $0.005000 BlackRock Virginia Municipal Bond Trust BHV $0.080000 $0.007572 Massachusetts Health & Education Tax-Exempt Trust MHE $0.059000 $0.010000 � Taxable Funds: � � � Declaration- 6/1/2009 Ex-Date- 6/11/2009 Record- 6/15/2009 Payable- 6/30/2009 � � � � � � � Fund Ticker Dividend

Change From

Prior Dividend

� BlackRock Senior High Income Fund, Inc. ARK $0.025000 - BlackRock Floating Rate Income Trust* BGT $0.075000 -$0.025000 BlackRock Strategic Bond Trust BHD $0.069500 - BlackRock Core Bond Trust BHK $0.062000 - BlackRock Defined Opportunity Credit Trust* BHL $0.060000 -$0.022500 The BlackRock High Yield Trust BHY $0.043500 - The BlackRock Income Trust, Inc. BKT $0.024000 - BlackRock Limited Duration Income Trust* BLW $0.082500 -$0.007500 BlackRock Income Opportunity Trust, Inc. BNA $0.051000 - BlackRock Preferred Opportunity Trust* BPP $0.072500 -$0.032500 BlackRock Preferred and Equity Advantage Trust* BTZ $0.100000 -$0.030000 BlackRock Corporate High Yield Fund, Inc. COY $0.061000 - BlackRock Corporate High Yield Fund III, Inc. CYE $0.055000 -$0.005000 BlackRock Debt Strategies Fund, Inc.* DSU $0.035500 - BlackRock Diversified Income Strategies Fund, Inc.* DVF $0.087500 -$0.027500 BlackRock Enhanced Government Fund, Inc.* EGF $0.105000 - BlackRock Floating Rate Income Strategies Fund, Inc.* FRA $0.089835 -$0.015000 BlackRock Floating Rate Income Strategies Fund II, Inc. FRB $0.093350 -$0.010000 BlackRock High Income Shares HIS $0.013200 -$0.005000 BlackRock Corporate High Yield Fund VI, Inc. HYT $0.087500 -$0.012500 BlackRock Corporate High Yield Fund V, Inc. HYV $0.087500 -$0.012500 BlackRock Preferred and Corporate Income Strategies Fund, Inc.* PSW $0.060000 -$0.020800 BlackRock Preferred Income Strategies Fund, Inc.* PSY $0.075000 -$0.019583 � Equity Funds: � � � Declaration- 6/1/2009 Ex-Date- 6/11/2009 Record- 6/15/2009

Payable- 6/30/2009

� � � � � � �

Fund

Ticker Dividend

Change From

Prior Dividend

� BlackRock Dividend AchieversTM Trust* BDV $0.162500 - BlackRock EcoSolutions Investment Trust* BQR $0.400000 - BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.485000 - BlackRock Enhanced Dividend Achievers* BDJ $0.305625 - BlackRock Energy and Resources Trust* BGR $0.405000 - BlackRock Health Sciences Trust* BME $0.384375 - BlackRock International Growth and Income Trust* BGY $0.455100 - BlackRock Real Asset Equity Trust* BCF $0.271800 - BlackRock Strategic Dividend AchieversTM Trust* BDT $0.162500 - BlackRock World Investment Trust* BWC $0.341250 - �

*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 2009 will be made after the end of the year.

The BlackRock Dividend AchieversTM Trust (NYSE:BDV), BlackRock EcoSolutions Investment Trust (NYSE:BQR), BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII), BlackRock Enhanced Dividend Achievers (NYSE:BDJ), BlackRock Energy and Resources Trust (NYSE:BGR), BlackRock Health Sciences Trust (NYSE:BME), BlackRock International Growth and Income Trust (NYSE:BGY), BlackRock Real Asset Equity Trust (NYSE:BCF), BlackRock Strategic Dividend AchieversTM Trust (NYSE: BDT), BlackRock World Investment Trust (NYSE:BWC), BlackRock Preferred and Equity Advantage Trust (NYSE: BTZ) and BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) (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 (the �Code�). If sufficient investment income is not available on a quarterly/monthly basis, the Trusts will distribute long-term capital gains and or return of capital to their shareholders in order to maintain a level distribution.

The Trusts� estimated sources of the distributions paid as of March 31, 2009 and for their current fiscal year are as follows:

� � � � � Estimated Allocations: � � � � � � � � � � Trust � Period � Distribution �

Net Investment

Income

�

Net Realized

Short-Term

Gains

�

Net Realized

Long-Term

Gains

�

Return of Capital

BDV1 � March 31, 2009 � $0.162500 � $0.097300 (60%) � $0.000000 (0%) � $0.000000 (0%) � $0.065200 (40%) BQR1 � March 31, 2009 � $0.400000 � $0.087800 (22%) � $0.000000 (0%) � $0.000000 (0%) � $0.312200 (78%) CII1 � March 31, 2009 � $0.485000 � $0.141367 (29%) � $0.000000 (0%) � $0.000000 (0%) � $0.343633 (71%) BDJ1 � March 31, 2009 � $0.305625 � $0.085241 (28%) � $0.000000 (0%) � $0.000000 (0%) � $0.220384 (72%) BGR1 � March 31, 2009 � $0.405000 � $0.157000 (39%) � $0.182000 (45%) � $0.000000 (0%) � $0.066000 (16%) BME1 � March 31, 2009 � $0.384375 � $0.016363 (4%) � $0.000000 (0%) � $0.000000 (0%) � $0.368012 (96%) BGY1 � March 31, 2009 � $0.455100 � $0.031100 (7%) � $0.000000 (0%) � $0.000000 (0%) � $0.424000 (93%) BCF1 � March 31, 2009 � $0.271800 � $0.046900 (17%) � $0.000000 (0%) � $0.000000 (0%) � $0.224900 (83%) BDT1 � March 31, 2009 � $0.162500 � $0.078300 (48%) � $0.000000 (0%) � $0.000000 (0%) � $0.084200 (52%) BWC1 � March 31, 2009 � $0.341250 � $0.051220 (15%) � $0.000000 (0%) � $0.000000 (0%) � $0.290030 (85%) BTZ1 � May 31, 2009 � $0.130000 � $0.085798 (66%) � $0.000000 (0%) � $0.000000 (0%) � $0.044202 (34%) EGF � May 31, 2009 � $0.105000 � $0.10500 (100%) � $0.000000 (0%) � $0.000000 (0%) � $0.000000 (0%) � � � � � � Estimated Allocations: � � � � � � � � � � Trust � Period (Fiscal YTD) � Distribution �

Net Investment

Income

�

Net Realized

Short-Term

Gains

�

Net Realized

Long-Term

Gains

� Return of Capital BDV1 � YTD as of March 31, 2009 � $0.325000 � $0.161000 (50%) � $0.000000 (0%) � $0.000000 (0%) � $0.164000 (50%) BQR1 � YTD as of March 31, 2009 � $0.800000 � $0.107000 (13%) � $0.000000 (0%) � $0.000000 (0%) � $0.693000 (87%) CII1 � YTD as of March 31, 2009 � $0.970000 � $0.188730 (19%) � $0.000000 (0%) � $0.000000 (0%) � $0.781270 (81%) BDJ1 � YTD as of March 31, 2009 � $0.611250 � $0.139869 (23%) � $0.000000 (0%) � $0.000000 (0%) � $0.471381 (77%) BGR1 � YTD as of March 31, 2009 � $0.810000 � $0.192000 (24%) � $0.227000 (28%) � $0.000000 (0%) � $0.391000 (48%) BME1 � YTD as of March 31, 2009 � $0.939994 � $0.021645 (2%) � $0.538862 (58%) � $0.000000 (0%) � $0.379487 (40%) BGY1 � YTD as of March 31, 2009 � $0.910200 � $0.081100 (9%) � $0.000000 (0%) � $0.000000 (0%) � $0.829100 (91%) BCF1 � YTD as of March 31, 2009 � $0.543600 � $0.061100 (11%) � $0.000000 (0%) � $0.000000 (0%) � $0.482500 (89%) BDT1 � YTD as of March 31, 2009 � $0.325000 � $0.159900 (49%) � $0.000000 (0%) � $0.000000 (0%) � $0.165100 (51%) BWC1 � YTD as of March 31, 2009 � $0.682500 � $0.092260 (14%) � $0.000000 (0%) � $0.000000 (0%) � $0.590240 (86%) BTZ1 � YTD as of May 31, 2009 � $0.910000 � $0.610000 (67%) � $0.000000 (0%) � $0.000000 (0%) � $0.300000 (33%) EGF � YTD as of May 31, 2009 � $0.420000 � $0.42000 (100%) � $0.000000 (0%) � $0.000000 (0%) � $0.000000 (0%) �

1 The Trusts 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 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 each Trust�s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Trusts 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)

from inception to April 30, 2009

�

Current fiscal period's

annualized distribution rate

as a percentage of NAV as of

April 30, 2009

�

Cumulative total return

(in relation to NAV) for the

fiscal year through April 30, 2009

�

Cumulative fiscal year

distribution rate expressed as

a percentage of NAV as of

April 30, 2009

BDV � (3.74)% � 7.99% � (17.74)% � 3.99% BQR � (26.09)% � 16.36% � 3.86% � 8.14% CII � 1.55% � 14.99% � 2.12% � 7.50% BDJ � (7.23)% � 16.20% � (14.73)% � 8.10% BGR � 3.01% � 8.70% � (5.52)% � 4.35% BME � 5.73% � 6.99% � (2.61)% � 4.27% BGY � (20.00)% � 18.87% � 2.68% � 9.47% BCF � (7.44)% � 11.71% � 5.64% � 5.85% BDT � (2.41)% � 7.23% � (12.15)% � 3.62% BWC � 0.53% � 13.82% � (0.62)% � 6.91% BTZ � (26.50)% � 17.98% � (8.73)% � 8.99% EGF � 3.21% � 7.67% � 4.48% � 1.92% � �

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 one of the world�s largest publicly traded investment management firms. At March 31, 2009, BlackRock�s assets under management were $1.283 trillion. The firm manages assets on behalf of institutions and individuals worldwide through a variety of equity, fixed income, cash management and alternative investment products. In addition, a growing number of institutional investors use BlackRock Solutions investment system, risk management and financial advisory services. Headquartered in New York City, as of March 31, 2009, the firm has approximately 5,200 employees in 21 countries and a major presence in key global markets, including the U.S., Europe, Asia, Australia and the Middle East. For additional information, please visit the firm�s web site 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 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.