Today, BlackRock Real Asset Equity Trust (NYSE: BCF), BlackRock
Resources & Commodities Strategies Trust (NYSE: BCX), BlackRock
Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Strategic
Equity Dividend Trust (NYSE: BDT), BlackRock Equity Dividend Trust
(NYSE: BDV), BlackRock Energy and Resources Trust (NYSE: BGR),
BlackRock International Growth and Income Trust (NYSE: BGY),
BlackRock Health Sciences Trust (NYSE: BME), BlackRock EcoSolutions
Investment Trust (NYSE: BQR), BlackRock Enhanced Capital and Income
Fund, Inc. (NYSE: CII) and BlackRock Enhanced Government Fund, Inc.
(NYSE: EGF) (collectively, the “Funds”) paid the following
dividends per share:
Fund Pay Date Per Share
BCF June 30, 2011
$0.271800 BCX June 30, 2011
$0.350000 BDJ June 30, 2011
$0.170000 BDT June 30, 2011
$0.162500 BDV June 30,
2011 $0.162500 BGR June
30, 2011 $0.405000 BGY
June 30, 2011 $0.340000 BME
June 30, 2011 $0.384375 BQR
June 30, 2011 $0.235000 CII
June 30, 2011 $0.360000
EGF June 30, 2011
$0.080000
Each of the Funds 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
each Fund’s Board of Trustees. Under its Plan, each Fund 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 Funds will distribute long-term capital gains and/or return
capital to their shareholders in order to maintain a level
distribution.
The Funds’ estimated sources of the distributions paid this
month and for their current fiscal years are as follows:
Estimated Allocations as of June 30, 2011 Fund
Distribution
Net InvestmentIncome
Net Realized Short-Term Gains
Net RealizedLong-Term Gains
Return of Capital BCF1 $0.271800 $0.040764
(15%) $0 (0%) $0 (0%) $0.231036 (85%) BCX1
$0.350000 $0.007890 (2%) $0.078354 (23%)
$0 (0%) $0.263756 (75%) BDJ1 $0.170000
$0.034360 (20%) $0 (0%) $0 (0%) $0.135640
(80%) BDT1 $0.162500 $0.063202 (39%) $0 (0%)
$0 (0%) $0.099298 (61%) BDV1 $0.162500
$0.054346 (33%) $0 (0%) $0 (0%) $0.108154
(67%) BGR $0.405000 $0.024899 (6%) $0.380101
(94%) $0 (0%) $0 (0%) BGY1 $0.340000
$0.096337 (28%) $0 (0%) $0 (0%) $0.243663
(72%) BME $0.384375 $0.004651 (1%) $0.379724
(99%) $0 (0%) $0 (0%) BQR1 $0.235000
$0.030276 (13%) $0 (0%) $0 (0%) $0.204724
(87%) CII1 $0.360000 $0.078780 (22%) $0 (0%)
$0 (0%) $0.281220 (78%) EGF1 $0.080000
$0.064681 (81%) $0 (0%) $0 (0%) $0.015319
(19%)
Estimated Allocations for the fiscal year through June 30,
2011 Fund Distribution
Net InvestmentIncome
Net Realized Short-Term Gains
Net RealizedLong-Term Gains
Return of Capital BCF1 $0.815400 $0.068241
(8%) $0 (0%) $0 (0%) $0.747159 (92%) BCX1
$0.350000 $0.007890 (2%) $0.078354 (23%)
$0 (0%) $0.263756 (75%) BDJ1 $0.660000
$0.105521 (16%) $0 (0%) $0 (0%) $0.554479
(84%) BDT1 $0.487500 $0.177926 (36%) $0 (0%)
$0 (0%) $0.309574 (64%) BDV1 $0.487500
$0.156559 (32%) $0 (0%) $0 (0%) $0.330941
(68%) BGR $1.215000 $0.066749 (5%) $1.148251
(95%) $0 (0%) $0 (0%) BGY1 $1.020000
$0.115672 (11%) $0 (0%) $0 (0%) $0.904328
(89%) BME $1.853125 $0.004651 (1%) $1.848474
(99%) $0 (0%) $0 (0%) BQR1 $0.835000
$0.033273 (4%) $0 (0%) $0 (0%) $0.801727 (96%)
CII1 $1.330000 $0.241120 (18%) $0 (0%)
$0 (0%) $1.088880 (82%) EGF1 $0.400000
$0.316944 (79%) $0 (0%) $0 (0%) $0.083056
(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 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 05/31/2011 Annualized current
distribution rate expressed as a percentage of NAV as of 05/31/2011
Cumulative total return (in relation to NAV) for the fiscal
year through 05/31/2011 Cumulative fiscal year distributions
as a percentage of NAV as of 05/31/2011 BCF * 10.55%
7.16% 17.28% 3.58% BCX * (6.88)% 7.42%
(6.88)% N/A BDJ 1.32% 7.83%
10.47% 5.65% BDT 2.54% 5.35% 12.99%
2.68% BDV 1.24% 5.94% 12.89%
2.97% BGR 9.06% 5.04% 27.54% 2.52% BGY
* (0.83)% 12.79% 7.73% 6.40% BME
10.98% 5.12% 16.40% 4.89% BQR * (3.63)%
8.59% 8.38% 5.48% CII 6.19%
9.50% 11.21% 6.40% EGF 5.07% 5.84%
2.32% 1.95%
* Portfolio launched within the past 5 years; this represents
the average annual total return (in relation to NAV) from inception
to 05/31/2011.
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.
About BlackRock
BlackRock is a leader in investment management, risk management
and advisory services for institutional and retail clients
worldwide. At March 31, 2011, BlackRock’s assets under management
were $3.648 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 March 31, 2011, the firm has
approximately 9,300 employees in 26 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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