Today, 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),
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 September 30, 2010
$0.271800 BDJ September 30, 2010
$0.245000 BDT September 30, 2010
$0.162500 BDV September 30, 2010
$0.162500 BGR September
30, 2010 $0.405000 BGY
September 30, 2010 $0.340000 BME
September 30, 2010 $0.384375 BQR
September 30, 2010 $0.300000 CII
September 30, 2010
$0.485000 EGF September 30, 2010
$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. 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 (the “Code”). 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 September 30, 2010 Fund
Distribution
Net InvestmentIncome
Net RealizedShort-Term Gains
Net RealizedLong-Term Gains
Return of Capital BCF1
$0.271800 $0.146880 (54%)
$0.00 (0%) $0.00 (0%)
$0.124920 (46%) BDJ1 $0.245000
$0.042792 (17%) $0.00 (0%)
$0.00 (0%) $0.202208 (83%) BDT1
$0.162500 $0.070524 (43%)
$0.00 (0%) $0.00 (0%)
$0.091976 (57%) BDV1
$0.162500 $0.059856 (37%)
$0.00 (0%) $0.00 (0%)
$0.102644 (63%) BGR $0.405000
$0.070673 (17%) $0.334327 (83%)
$0.00 (0%) $0.00 (0%) BGY1
$0.340000 $0.018042 (5%)
$0.00 (0%) $0.00 (0%)
$0.321958 (95%) BME
$0.384375 $0.00 (0%)
$0.384375 (100%) $0.00 (0%)
$0.00 (0%) BQR1 $0.300000
$0.017519 (6%) $0.00 (0%)
$0.00 (0%) $0.282481 (94%) CII1
$0.485000 $0.040989 (8%)
$0.00 (0%) $0.00 (0%)
$0.444011 (92%) EGF1 $0.080000
$0.065635 (82%) $0.00
(0%) $0.00 (0%) $0.014365
(18%)
Estimated Allocations for the fiscal year through
September 30, 2010 Fund Distribution
Net InvestmentIncome
Net RealizedShort-Term Gains
Net RealizedLong-Term Gains
Return of Capital BCF1
$1.087200 $0.172713 (16%)
$0.00 (0%) $0.00 (0%)
$0.914487 (84%) BDJ1 $0.980000
$0.161502 (16%) $0.00 (0%)
$0.00 (0%) $0.818498 (84%) BDT1
$0.650000 $0.267171 (41%)
$0.00 (0%) $0.00 (0%)
$0.382829 (59%) BDV1
$0.650000 $0.218508 (34%)
$0.00 (0%) $0.00 (0%)
$0.431492 (66%) BGR $1.620000
$0.261529 (16%) $1.358471 (84%)
$0.00 (0%) $0.00 (0%) BGY1
$1.590200 $0.136640 (9%)
$0.00 (0%) $0.00 (0%)
$1.453560 (91%) BME
$1.537500 $0.044573 (3%)
$1.492927 (97%) $0.00 (0%)
$0.00 (0%) BQR1 $1.200000
$0.053484 (4%) $0.00 (0%)
$0.00 (0%) $1.146516 (96%) CII1
$1.940000 $0.292134 (15%)
$0.00 (0%)
$0.00 (0%) $1.647866
(85%) EGF1 $0.665000
$0.459340 (69%) $0.00 (0%)
$0.00 (0%) $0.205660 (31%)
1The 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 totalreturn (in relation
toNAV) from inceptionto August 31, 2010
Annualized currentdistribution rate
expressedas a percentage of NAVas of August 31, 2010
Cumulative totalreturn (in relationto NAV)
for thefiscal year throughAugust 31, 2010
Cumulative fiscalyear distributions asa
percentage ofNAV as of August31, 2010
BCF 4.24% 9.18%
7.70% 6.89% BDJ
-1.33% * 12.34%
6.76% 9.26% BDT -1.48% *
6.37% 10.65%
4.77% BDV -1.98% *
7.00% 7.14% 5.25%
BGR 3.81% * 7.04%
1.45% 5.28% BGY
-6.50% 13.98%
0.30% 12.85% BME 6.11% *
6.16% 2.89%
4.62% BQR -10.49%
12.21% 1.46% 9.16% CII
3.35% * 14.09%
5.57% 10.57% EGF
4.83% 5.75% 4.26%
3.50% * Five year total return (in relation to
NAV) as of August 31, 2010
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 June 30, 2010, BlackRock’s AUM was $3.151 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 June 30, 2010, the firm has approximately 8,500
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
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.
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