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) and
BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII) paid
the following dividends per share:
Fund Pay Date Per
Share BCF December 31, 2010 $0.271800 BDJ
December 31, 2010 $0.245000 BDT December 31, 2010
$0.162500 BDV December 31, 2010 $0.162500 BGR
December 31, 2010 $0.405000 BGY December 31,
2010 $0.340000 BME December 31, 2010 $1.084375
BQR December 31, 2010 $0.300000 CII December
31, 2010 $0.485000
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 December 31, 2010
Net Investment Net Realized Net Realized Fund
Distribution Income Short-Term Gains
Long-Term Gains Return of Capital BCF1 $0.271800
$0.001847 (1%) $0.00 (0%) $0.00 (0%)
$0.269953 (99%) BDJ1 $0.245000 $0.036022 (15%)
$0.00 (0%) $0.00 (0%) $0.208978 (85%) BDT1
$0.162500 $0.075303 (46%) $0.00 (0%) $0.00
(0%) $0.087197 (54%) BDV1 $0.162500 $0.054312
(33%) $0.00 (0%) $0.00 (0%) $0.108188 (67%)
BGR1 $0.405000 $0.022193 (5%) $0.00 (0%)
$0.00 (0%) $0.382807 (95%) BGY1 $0.340000
$0.017301 (5%) $0.00 (0%) $0.00 (0%)
$0.322699 (95%) BME $1.084375 $0.00 (0%)
$0.737799 (68%) $0.346576 (32%) $0.00 (0%) BQR1
$0.300000 $0.004308 (1%) $0.00 (0%)
$0.00 (0%) $0.295692 (99%) CII1 $0.485000
$0.084903 (18%) $0.00 (0%) $0.00 (0%)
$0.400097 (82%)
Estimated Allocations for the fiscal year
through December 31, 2010 Net Investment
Net Realized Net Realized Fund Distribution
Income Short-Term Gains Long-Term Gains
Return of Capital BCF1 $0.271800 $0.001847 (1%)
$0.00 (0%) $0.00 (0%) $0.269953 (99%) BDJ1
$0.245000 $0.036022 (15%) $0.00 (0%)
$0.00 (0%) $0.208978 (85%) BDT1 $0.162500
$0.075303 (46%) $0.00 (0%) $0.00 (0%)
$0.087197 (54%) BDV1 $0.162500 $0.054312 (33%)
$0.00 (0%) $0.00 (0%) $0.108188 (67%) BGR1
$0.405000 $0.022193 (5%) $0.00 (0%) $0.00 (0%)
$0.382807 (95%) BGY1 $0.340000 $0.017301 (5%)
$0.00 (0%) $0.00 (0%) $0.322699 (95%) BME
$1.084375 $0.00 (0%) $0.737799 (68%)
$0.346576 (32%) $0.00 (0%) BQR1 $0.300000
$0.004308 (1%) $0.00 (0%) $0.00 (0%) $0.295692
(99%) CII1 $0.485000 $0.084903 (18%) $0.00
(0%) $0.00 (0%) $0.400097 (82%)
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: Trust
Average annual totalreturn (in relation
toNAV) for the 5-yearperiod ending onNovember 30, 2010
Annualized currentdistribution rate
expressedas a percentage of NAVas of November 30, 2010
Cumulative totalreturn (in relationto NAV)
for thefiscal year throughNovember 30,2010
Cumulative fiscalyear distributions asa
percentage ofNAV as ofNovember 30, 2010
BCF 8.17% * 7.95% 1.86% 1.99% BDJ
0.10% 11.79% (0.12)% 2.95% BDT
0.61% 5.82% 0.90% 1.46% BDV (0.33)%
6.52% (0.30)% 1.63% BGR 8.07%
5.87% 6.69% 1.47% BGY (3.96)% * 13.38%
(3.33)% 3.34% BME 7.76% 16.14%
(1.18)% 4.04% BQR (7.23)% * 11.51%
(2.16)% 2.88% CII 4.94% 13.43% (0.62)%
3.36%
* Portfolio launched within the past 5
years; this represents the average annual total return (in
relationto NAV) from inception to November 30, 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 September 30, 2010, BlackRock’s AUM was $3.446
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, 2010, the firm
has approximately 8,900 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 the 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 Fund 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 Fund. The information
contained on our website is not a part of this press release.
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