Today, BlackRock Real Asset Equity Trust (NYSE:BCF), BlackRock
Resources & Commodities Strategy Trust (NYSE:BCX), BlackRock
Enhanced Equity Dividend Trust (NYSE:BDJ), 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, 2014 $0.174800 BCX
June 30, 2014 $0.231200 BDJ June
30, 2014 $0.140000 BGR June 30, 2014
$0.405000 BGY June 30, 2014
$0.167850 BME June 30, 2014
$0.429975 BQR June 30, 2014 $0.179250
CII June 30, 2014 $0.300000 EGF
June 30, 2014 $0.055000
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. 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, 2014 Trust
Distribution Net Investment Income Net
Realized Short-Term Gains Net Realized Long-Term Gains
Return of Capital BCF1 $0.174800 $0.031354
(18%) $0 (0%) $0 (0%) $0.143446 (82%) BCX1
$0.231200 $0.065993 (29%) $0 (0%) $0
(0%) $0.165207 (71%) BDJ1 $0.140000 $0.039304
(28%) $0 (0%) $0 (0%) $0.100696 (72%) BGR1
$0.405000 $0.099485 (25%) $0 (0%)
$0.180809 (45%) $0.124706 (30%) BGY1 $0.167850
$0.047042 (28%) $0 (0%) $0 (0%) $0.120808
(72%) BME $0.429975 $0.011083 (3%) $0.145670
(34%) $0.273222 (63%) $0 (0%) BQR1 $0.179250
$0.038717 (22%) $0 (0%) $0 (0%)
$0.140533 (78%) CII1 $0.300000 $0.086290 (29%)
$0 (0%) $0 (0%) $0.213710 (71%) EGF1 $0.055000
$0.038220 (69%) $0 (0%) $0 (0%)
$0.016780 (31%)
Estimated Allocations for the
fiscal year through June 30, 2014 Trust
Distribution Net Investment Income Net
Realized Short-Term Gains Net Realized Long-Term
Gains Return of Capital BCF1 $0.524400
$0.079022 (15%) $0 (0%)
$0 (0%) $0.445378 (85%) BCX1 $0.693600
$0.145115 (21%) $0 (0%)
$0 (0%) $0.548485 (79%) BDJ1 $0.420000
$0.114067 (27%) $0 (0%)
$0 (0%) $0.305933 (73%) BGR1 $3.715000
$0.206029 (6%) $0.507016 (14%)
$2.877249 (77%) $0.124706 (3%) BGY1
$0.503550 $0.100123 (20%) $0
(0%) $0 (0%) $0.403427 (80%) BME
$3.199925 $0.036736 (1%)
$1.685668 (53%) $1.477521 (46%) $0 (0%)
BQR1 $0.537750 $0.069943 (13%)
$0 (0%) $0 (0%) $0.467807 (87%)
CII1 $0.900000 $0.519241 (58%)
$0 (0%) $0 (0%) $0.380759 (42%)
EGF1 $0.275000 $0.216489 (79%)
$0 (0%) $0 (0%) $0.058511 (21%)
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 a 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 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:
Trust Average annual total return (in relation to
NAV) for the 5-year period ending on 05/31/2014
Annualized current distribution rate expressed as a percentage of
NAV as of 05/31/2014 Cumulative total return (in
relation to NAV) for the fiscal year through 05/31/2014
Cumulative fiscal year distributions as a percentage of NAV
as of 05/31/2014 BCF 8.57% 6.69%
6.13% 3.35% BCX * (1.14)%
6.61% 7.55% 3.30% BDJ
13.82% 6.05% 7.98%
3.02% BGR 14.45% 5.64%
8.38% 11.53% BGY 9.22%
7.55% 2.34% 3.78% BME
18.69% 4.79% 11.12% 7.72%
BQR 7.59% 7.66% 6.84%
3.83% CII 15.04% 7.58%
7.92% 3.79% EGF 4.34%
4.34% 2.17% 1.45%
* Portfolio launched within the past 5 years; this represents
the average annual total return (in relation to NAV) from inception
to 05/31/2014.
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, 2014, BlackRock’s assets under management
were $4.401 trillion. BlackRock helps clients meet their goals and
overcome challenges with a range of products that include 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, 2014, the firm had
approximately 11,500 employees in more than 30 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 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 the Funds 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
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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