BDT Blackrock Strategic Equity Dividend Trust

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

Several of the municipal Funds announced dividend increases. The dividend increases take into account each Fund’s earnings potential and level of undistributed net investment income.

In addition, dividend reductions were announced by several of the taxable Funds and several of the municipal Funds. Generally speaking, these dividend reductions were made in order to better align the Funds with their current earnings rates. BlackRock Insured Municipal Term Trust Inc. (BMT) is a term trust that matures on or about December 31, 2010. BMT’s dividend reduction reflects its projected earnings potential as well as its investment objective of returning $10 per common share (the initial public offering price per common share) to common shareholders at maturity.

Municipal Funds:             Declaration- 3/1/2010 Ex-Date- 3/11/2010 Record- 3/15/2010 Payable- 4/1/2010 National Funds   Ticker   Dividend  

Change FromPriorDividend

BlackRock Apex Municipal Fund, Inc.* APX $0.044000 -$0.002500 BlackRock Insured Municipal Income Trust BYM $0.072000 $0.003500 BlackRock Insured Municipal Income Investment Trust BAF $0.073500 $0.005000 BlackRock Insured Municipal Term Trust Inc. BMT $0.015000 -$0.015417 BlackRock Investment Quality Municipal Income Trust RFA $0.070000 - BlackRock Long-Term Municipal Advantage Trust BTA $0.059500 - BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.065500 - BlackRock MuniAssets Fund, Inc.* MUA $0.062500 -$0.005000 BlackRock Municipal 2018 Term Trust BPK $0.078000 - BlackRock Municipal 2020 Term Trust BKK $0.062250 - BlackRock Municipal Bond Trust BBK $0.085000 - BlackRock Municipal Bond Investment Trust BIE $0.078800 $0.005000 BlackRock Municipal Income Trust BFK $0.078600 - BlackRock Municipal Income Trust II BLE $0.081000 - BlackRock Municipal Income Investment Trust BBF $0.075375 - BlackRock MuniEnhanced Fund, Inc. MEN $0.057000 $0.001500 BlackRock MuniHoldings Fund II, Inc. MUH $0.080500 $0.005000 BlackRock MuniHoldings Fund, Inc. MHD $0.086000 $0.002500 BlackRock MuniHoldings Insured Fund II, Inc. MUE $0.073500 $0.003500 BlackRock MuniHoldings Insured Fund, Inc. MUS $0.074000 $0.004000 BlackRock MuniHoldings Insured Investment Fund MFL $0.073000 $0.005000 BlackRock MuniVest Fund II, Inc. MVT $0.086000 $0.002500 BlackRock MuniVest Fund, Inc. MVF $0.054500 $0.001500 BlackRock MuniYield Fund, Inc. MYD $0.076500 $0.007500 BlackRock MuniYield Insured Fund, Inc. MYI $0.066000 $0.005000 BlackRock MuniYield Insured Investment Fund MFT $0.071000 $0.005000 BlackRock MuniYield Investment Fund MYF $0.070500 $0.005000 BlackRock MuniYield Quality Fund II, Inc. MQT $0.067000 $0.005000 BlackRock MuniYield Quality Fund, Inc. MQY $0.074500 $0.005000 The BlackRock Investment Quality Municipal Trust, Inc. BKN $0.084000 $0.002500 The BlackRock Strategic Municipal Trust BSD $0.072500 $0.002500

State-Specific Funds

  Ticker   Dividend  

Change FromPriorDividend

BlackRock California Municipal Income Trust BFZ $0.075700 - BlackRock California Municipal 2018 Term Trust BJZ $0.072000 - BlackRock MuniHoldings California Insured Fund, Inc. MUC $0.070500 $0.007500 BlackRock MuniYield California Fund, Inc. MYC $0.070000 $0.002500 BlackRock MuniYield California Insured Fund, Inc. MCA $0.066000 $0.005000 The BlackRock California Investment Quality Municipal Trust, Inc. RAA $0.053000 - BlackRock Florida Municipal 2020 Term Trust, Inc. BFO $0.056000 - BlackRock Maryland Municipal Bond Trust BZM $0.070400 $0.002500 BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.055500 - BlackRock MuniHoldings New York Insured Fund, Inc. MHN $0.076000 $0.007500 BlackRock MuniYield New York Insured Fund, Inc. MYN $0.062500 $0.007500 BlackRock New York Insured Municipal Income Trust BSE $0.070500 $0.005000 BlackRock New York Municipal 2018 Term Trust BLH $0.082000 - BlackRock New York Municipal Bond Trust BQH $0.080500 $0.002500 BlackRock New York Municipal Income Trust BNY $0.082500 - BlackRock New York Municipal Income Trust II BFY $0.080000 - The BlackRock New York Investment Quality Municipal Trust, Inc. RNY $0.070700 $0.002500 BlackRock MuniHoldings New Jersey Insured Fund, Inc. MUJ $0.073000 $0.004000 BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.070500 - BlackRock MuniYield New Jersey Insured Fund, Inc. MJI $0.072000 $0.002500 BlackRock New Jersey Municipal Bond Trust BLJ $0.078000 $0.002500 BlackRock New Jersey Municipal Income Trust BNJ $0.077600 - The BlackRock New Jersey Investment Quality Municipal Trust RNJ $0.065500 $0.001500 BlackRock MuniYield Arizona Fund, Inc. MZA $0.069500 $0.002500 BlackRock MuniYield Michigan Insured Fund II, Inc. MYM $0.069000 $0.002500 BlackRock MuniYield Michigan Insured Fund, Inc. MIY $0.075000 - BlackRock MuniYield Pennsylvania Insured Fund MPA $0.070500 $0.005000 The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.070000 $0.006000 BlackRock Virginia Municipal Bond Trust BHV $0.080000 - Massachusetts Health & Education Tax-Exempt Trust MHE $0.068500 $0.004000                   Taxable Funds: Declaration- 3/1/2010 Ex-Date- 3/11/2010 Record- 3/15/2010 Payable- 3/31/2010 Fund   Ticker   Dividend  

Change FromPriorDividend

BlackRock Senior High Income Fund, Inc. ARK $0.025000 - BlackRock Floating Rate Income Trust BGT $0.067500 - BlackRock Strategic Bond Trust BHD $0.074500 $0.005000 BlackRock Core Bond Trust BHK $0.067000 $0.005000 BlackRock Defined Opportunity Credit Trust BHL $0.054000 - The BlackRock High Yield Trust BHY $0.043500 - The BlackRock Income Trust, Inc. BKT $0.024000 - BlackRock Limited Duration Income Trust BLW $0.075000 $0.005000 BlackRock Income Opportunity Trust, Inc. BNA $0.051000 - BlackRock Credit Allocation Income Trust III* BPP $0.072500 - BlackRock Credit Allocation Income Trust IV* BTZ $0.100000 - BlackRock Corporate High Yield Fund, Inc. COY $0.051000 -$0.010000 BlackRock Corporate High Yield Fund III, Inc. CYE $0.050000 -$0.005000 BlackRock Debt Strategies Fund, Inc. DSU $0.031000 - BlackRock Diversified Income Strategies Fund, Inc. DVF $0.068500 - BlackRock Enhanced Government Fund, Inc.* EGF $0.080000 -$0.025000 BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.081500 - BlackRock Floating Rate Income Strategies Fund II, Inc. FRB $0.075000 - BlackRock High Income Shares HIS $0.014200 $0.001000 BlackRock Corporate High Yield Fund VI, Inc. HYT $0.082500 -$0.005000 BlackRock Corporate High Yield Fund V, Inc. HYV $0.082500 -$0.005000 BlackRock Credit Allocation Income Trust I, Inc.* PSW $0.060000 - BlackRock Credit Allocation Income Trust II, Inc.* PSY $0.075000 -

Equity Funds:

Declaration- 3/1/2010 Ex-Date- 3/11/2010 Record- 3/15/2010 Payable- 3/31/2010

Fund Ticker Dividend

Change FromPriorDividend

BlackRock Real Asset Equity Trust* BCF $0.271800 - BlackRock Enhanced Dividend AchieversTM Trust* BDJ $0.245000 - BlackRock Strategic Dividend AchieversTM Trust* BDT $0.162500 - BlackRock Dividend AchieversTM Trust* BDV $0.162500 - BlackRock Energy and Resources Trust* BGR $0.405000 - BlackRock International Growth and Income Trust* BGY $0.455100 - BlackRock Health Sciences Trust* BME $0.384375 - BlackRock EcoSolutions Investment Trust* BQR $0.300000 - BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.485000 -

* 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 Enhanced Government Fund, Inc. (NYSE:EGF), BlackRock Real Asset Equity Trust (NYSE:BCF), BlackRock Enhanced Dividend AchieversTM Trust (NYSE:BDJ), BlackRock Strategic Dividend AchieversTM Trust (NYSE: BDT), BlackRock Dividend AchieversTM 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) and BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) (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 capital to their shareholders in order to maintain a level distribution.

The Trusts’ estimated sources of the distributions paid as of February 28, 2010 and December 31, 2009 and for their current fiscal year through February 28, 2010 and December 31, 2009 are as follows:

Estimated Allocations as of February 28, 2010 Trust   Distribution   Net Investment Income   Net Realized Short-Term Gains   Net Realized Long-Term Gains   Return of Capital EGF   $0.105000   $0.068300 (65%)   $0.00 (0%)   $0.036700 (35%)   $0.00 (0%)             Estimated Allocations as of December 31, 2009 Trust   Distribution   Net Investment Income   Net Realized Short-Term Gains   Net Realized Long-Term Gains   Return of Capital BCF1   $0.271800   $0.000700 (0.2%)   $0.00 (0%)   $0.00 (0%)   $0.271100 (99.8%) BDJ1   $0.245000   $0.037588 (15%)   $0.00 (0%)   $0.00 (0%)   $0.207412 (85%) BDT1   $0.162500   $0.077000 (47%)   $0.00 (0%)   $0.00 (0%)   $0.085500 (53%) BDV1   $0.162500   $0.052200 (32%)   $0.00 (0%)   $0.00 (0%)   $0.110300 (68%) BGR   $0.405000   $0.044000 (11%)   $0.361000 (89%)   $0.00 (0%)   $0.00 (0%) BGY1   $0.455100   $0.014200 (3%)   $0.00 (0%)   $0.00 (0%)   $0.440900 (97%) BME   $0.384375   $0.031896 (8%)   $0.352479 (92%)   $0.00 (0%)   $0.00 (0%) BQR1   $ 0.300000   $0.015900 (5%)   $0.00 (0%)   $0.00 (0%)   $0.284100 (95%) CII1   $0.485000   $0.060000 (12%)   $0.00 (0%)   $0.00 (0%)   $0.425000 (88%)     Estimated Allocations for the fiscal year through February 28, 2010 Trust   Distribution   Net Investment Income   Net Realized Short-Term Gains   Net Realized Long-Term Gains   Return of Capital EGF   $0.105000   $0.068300 (65%)   $0.00 (0%)   $0.036700 (35%)   $0.00 (0%)     Estimated Allocations for the fiscal year through December 31, 2009 Trust   Distribution   Net Investment Income   Net Realized Short-Term Gains   Net Realized Long-Term Gains   Return of Capital BCF1   $0.271800   $0.000700 (0.2%)   $0.00 (0%)   $0.00 (0%)   $0.271100 (99.8%) BDJ1   $0.245000   $0.037588 (15%)   $0.00 (0%)   $0.00 (0%)   $0.207412 (85%) BDT1   $0.162500   $0.077000 (47%)   $0.00 (0%)   $0.00 (0%)   $0.085500 (53%) BDV1   $0.162500   $0.052200 (32%)   $0.00 (0%)   $0.00 (0%)   $0.110300 (68%) BGR   $0.405000   $0.044000 (11%)   $0.361000 (89%)   $0.00 (0%)   $0.00 (0%) BGY1   $0.455100   $0.014200 (3%)   $0.00 (0%)   $0.00 (0%)   $0.440900 (97%) BME   $0.384375   $0.031896 (8%)   $0.352479 (92%)   $0.00 (0%)   $0.00 (0%) BQR1   $0.300000   $0.015900 (5%)   $0.00 (0%)   $0.00 (0%)   $0.284100 (95%) CII1   $0.485000   $0.060000 (12%)   $0.00 (0%)   $0.00 (0%)   $0.425000 (88%)

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) for the inception to date ending on January 31, 2010   Current fiscal period's annualized distribution rate as a percentage of NAV as of January 31, 2010   Cumulative total return (in relation to NAV) for the fiscal year through January 31, 2010   Cumulative fiscal year distribution rate expressed as a percentage of NAV as of January 31, 2010 EGF   4.87%   7.47%   1.63%   0.62% BCF   3.87%   9.11%   3.91%   2.28% BDJ   -2.04%   11.91%   4.20%   2.98% BDT   -0.82% *   6.42%   6.04%   1.60% BDV   -1.79% *   6.91%   4.64%   1.73% BGR   9.46% *   6.50%   6.32%   1.62% BGY   -7.57%   17.16%   1.14%   4.29% BME   10.68%   5.64%   8.97%   1.41% BQR   -12.61%   11.40%   2.36%   2.85% CII   3.78% *   13.45%   3.37%   3.36%

* Five year total return (in relation to NAV) as of January 31, 2010

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 a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2009, BlackRock’s AUM was $3.346 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 December 31, 2009, the firm has approximately 8,500 full-time employees in 24 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.

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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 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 our website is not a part of this press release.