Certain BlackRock closed-end funds (the “Funds”) announced
distributions and special distributions today as detailed
below.
Several of the Funds announced dividend increases. These
dividend increases take into account each Fund’s expected earnings
potential in light of the current market environment and the Fund’s
leverage and asset levels.
Monthly Distributions
Municipal Funds:
Declaration- 12/5/2011 Ex-Date- 12/13/2011
Record- 12/15/2011 Payable-
12/30/2011
Change From National Funds Ticker Dividend Prior Dividend
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 2020 Term
Trust BKK $0.062250 - 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 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 -
Change From State-Specific Funds Ticker
Dividend Prior Dividend BlackRock California Municipal Income Trust
BFZ $0.075700 - 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 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- 12/5/2011 Ex-Date- 12/12/2011
Record- 12/14/2011
Payable- 12/19/2011
Change From Fund Ticker Dividend Prior Dividend
BlackRock Build America Bond Trust BBN $0.129800 -
Taxable Funds:
Declaration- 12/5/2011 Ex-Date- 12/12/2011
Record- 12/14/2011 Payable-
12/19/2011
Change From Fund Ticker Dividend Prior Dividend 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 $0.004000 BlackRock Limited Duration Income Trust BLW
$0.105000 $0.002500 BlackRock Income Opportunity Trust, Inc. BNA
$0.053000 - BlackRock Credit Allocation Income Trust III BPP
$0.063500 $0.002000 BlackRock Credit Allocation Income Trust IV BTZ
$0.078500 $0.002000 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 -
Special Distributions
Declaration- 12/5/2011 Ex-Date- 12/13/2011
Record- 12/15/2011
Payable- 12/30/2011 Fund
Ticker Per-Share Taxable Ordinary Income BlackRock Municipal Bond
Trust BBK $0.004151 BlackRock Municipal Income Trust BFK $0.000450
BlackRock California Municipal Income Trust BFZ $0.002137 BlackRock
New Jersey Municipal Bond Trust BLJ $0.001207 BlackRock Long-Term
Municipal Advantage Trust BTA $0.000049 BlackRock MuniHoldings
Fund, Inc. MHD $0.004109 BlackRock MuniYield Michigan Quality Fund,
Inc. MIY $0.015100 BlackRock MuniYield New Jersey Quality Fund,
Inc. MJI $0.030402 BlackRock MuniYield Quality Fund II, Inc. MQT
$0.002341 BlackRock MuniYield Quality Fund, Inc. MQY $0.001324
BlackRock MuniAssets Fund, Inc. MUA $0.003341 BlackRock
MuniHoldings Fund II, Inc. MUH $0.003455 BlackRock Muni
Intermediate Duration Fund, Inc. MUI $0.001046 BlackRock MuniVest
Fund, Inc. MVF $0.000241 BlackRock MuniVest Fund II, Inc. MVT
$0.001180 BlackRock MuniYield Fund, Inc. MYD $0.000984 BlackRock
MuniYield Quality Fund III, Inc. MYI $0.001634 BlackRock MuniYield
New Jersey Fund, Inc. MYJ $0.013674 BlackRock MuniYield Michigan
Quality Fund II, Inc. MYM $0.017635 The BlackRock New Jersey
Investment Quality Municipal Trust RNJ $0.001752 The BlackRock New
York Investment Quality Municipal Trust, Inc. RNY $0.001263
* 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 2011 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. If
sufficient investment income is not available on a
quarterly/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 distributions paid as of November
30, 2011 are as follows:
Estimated Allocations as of November 30, 2011
Net Investment Net
Realized Net Realized Long-
Fund Distribution
Income Short-Term Gains
Term Gains Return of Capital EGF1
$0.070000 $0.05544 (79%)
$0 (0%) $0 (0%)
$0.01456 (21%)
Estimated Allocations for the fiscal
year through November 30, 2011
Net Investment Net Realized Net Realized Long- Fund
Distribution Income
Short-Term Gains Term Gains
Return of Capital EGF1 $0.780000
$0.616777 (79%) $0 (0%)
$0 (0%) $0.163223 (21%)
1 The Fund 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 Fund’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 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: Average
annual
total return (in Annualized current Cumulative fiscal
relation to NAV) for distribution rate Cumulative total return year
distributions the 5-year period expressed as a (in relation to NAV)
for as a percentage of ending on percentage of NAV as the fiscal
year through NAV as of Trust 10/31/2011
of 10/31/2011 10/31/2011
10/31/2011 EGF 4.64%
5.18% 3.46%
4.38%
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, 2011, BlackRock’s AUM was $3.345
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, 2011, the firm
has approximately 10,200 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 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 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 recently approved
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) BlackRock’s success in maintaining
secondary market support for the Fund; (11) the impact of BlackRock
electing to provide support to its products from time to time; (12)
the impact of problems at other financial institutions or the
failure or negative performance of products at other financial
institutions; and (13) the ability of BlackRock to integrate the
operations of Barclays Global Investors.
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 BlackRock’s website is not a part of this press
release.
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