Certain BlackRock closed-end funds (the “Funds”) announced
distributions today as detailed below. BlackRock Municipal 2020
Term Trust (NYSE:BKK) today announced the early declaration of
regular monthly distributions for March and April 2018. The
applicable dates and amounts are detailed below.
Municipal Funds:
Declaration- 2/1/2018 Ex-Date-
2/14/2018 Record- 2/15/2018
Payable- 3/1/2018
National
Funds
Ticker
Distribution
Change
FromPrior
Distribution
BlackRock Municipal Income Quality Trust BYM $0.060000 - BlackRock
Municipal Income Investment Quality Trust BAF $0.068500 - BlackRock
Long-Term Municipal Advantage Trust BTA $0.054500 - BlackRock Muni
Intermediate Duration Fund, Inc. MUI $0.049500 - BlackRock
Municipal Income Investment Trust* BBF $0.066500 - BlackRock
MuniAssets Fund, Inc.* MUA $0.054500 - BlackRock Municipal Bond
Trust BBK $0.063500 - BlackRock Municipal Income Trust BFK
$0.065000 - BlackRock Municipal Income Trust II BLE $0.065000 -
BlackRock Investment Quality Municipal Trust, Inc. BKN $0.062000 -
BlackRock Municipal 2030 Target Term Trust BTT $0.071800 - The
BlackRock Strategic Municipal Trust BSD $0.065000 - BlackRock
MuniEnhanced Fund, Inc. MEN $0.048000 - BlackRock MuniHoldings
Investment Quality Fund MFL $0.071500 - BlackRock MuniYield
Investment Quality Fund MFT $0.067000 - BlackRock MuniHoldings
Fund, Inc. MHD $0.074500 - BlackRock MuniYield Quality Fund II,
Inc. MQT $0.054000 - BlackRock MuniYield Quality Fund, Inc. MQY
$0.063000 - BlackRock MuniHoldings Quality Fund II, Inc. MUE
$0.064000 - BlackRock MuniHoldings Fund II, Inc. MUH $0.067500 -
BlackRock MuniHoldings Quality Fund, Inc. MUS $0.063500 - BlackRock
MuniVest Fund II, Inc. MVT $0.073000 - BlackRock MuniYield Fund,
Inc. MYD $0.067000 - BlackRock MuniYield Investment Fund MYF
$0.069500 - BlackRock MuniYield Quality Fund III, Inc. MYI
$0.058500 - BlackRock MuniVest Fund, Inc. MVF $0.046000 - BlackRock
Municipal 2018 Term Trust BPK $0.005000 - BlackRock Municipal 2020
Term Trust BKK $0.039500 -
State-Specific
Funds
Ticker
Distribution
Change
FromPrior
Distribution
BlackRock MuniHoldings California Quality
Fund, Inc.
MUC
$0.053500
-
BlackRock California Municipal Income Trust* BFZ $0.055000 -
BlackRock MuniYield California Fund, Inc. MYC $0.062000 - BlackRock
MuniYield California Quality Fund, Inc. MCA $0.058500 - BlackRock
California Municipal 2018 Trust BJZ $0.002500 - BlackRock Florida
Municipal 2020 Term Trust BFO $0.026000 - BlackRock Maryland
Municipal Bond Trust BZM $0.047400 - BlackRock MuniYield Michigan
Quality Fund, Inc. MIY $0.057000 - BlackRock Muni New York
Intermediate Duration Fund, Inc. MNE $0.044500 - BlackRock
MuniHoldings New York Quality Fund, Inc. MHN $0.050500 - BlackRock
MuniYield New York Quality Fund, Inc. MYN $0.047500 - BlackRock New
York Municipal Income Quality Trust* BSE $0.046500 - BlackRock New
York Municipal Bond Trust BQH $0.059000 - BlackRock New York
Municipal Income Trust BNY $0.050500 - BlackRock New York Municipal
Income Trust II BFY $0.061000 - BlackRock New York Municipal 2018
Trust BLH $0.002500 - BlackRock MuniYield New Jersey Fund, Inc. MYJ
$0.075000 - BlackRock MuniHoldings New Jersey Quality Fund, Inc.
MUJ $0.059500 - BlackRock New Jersey Municipal Income Trust BNJ
$0.063500 - BlackRock MuniYield Pennsylvania Quality Fund MPA
$0.062300 - BlackRock New Jersey Municipal Bond Trust BLJ $0.061500
- BlackRock MuniYield Arizona Fund, Inc. MZA $0.062000 - BlackRock
Virginia Municipal Bond Trust BHV $0.063000 - BlackRock
Massachusetts Tax-Exempt Trust MHE $0.053000 -
Taxable Municipal Fund:
Declaration- 2/1/2018 Ex-Date-
2/14/2018 Record- 2/15/2018
Payable- 2/28/2018
Fund
Ticker
Distribution
Change
FromPrior
Distribution
BlackRock Taxable Municipal Bond Trust BBN $0.131800 -
Taxable Funds:
Declaration- 2/1/2018 Ex-Date-
2/14/2018 Record- 2/15/2018
Payable- 2/28/2018
Fund
Ticker
Distribution
Change
FromPrior
Distribution
BlackRock Floating Rate Income Trust BGT $0.058300 - BlackRock Core
Bond Trust BHK $0.065000 - BlackRock Multi-Sector Income Trust BIT
$0.116700 - BlackRock Income Trust, Inc. BKT $0.026500 - BlackRock
Limited Duration Income Trust BLW $0.079500 - BlackRock Credit
Allocation Income Trust BTZ $0.067000 - BlackRock Debt Strategies
Fund, Inc. DSU $0.068500 - BlackRock Enhanced Government Fund,
Inc.* EGF $0.041000 - BlackRock Floating Rate Income Strategies
Fund, Inc. FRA $0.061000 - BlackRock Corporate High Yield Fund,
Inc. HYT $0.070000 - BlackRock 2022 Global Income Opportunity Trust
BGIO $0.050000 -
Equity Funds:
Declaration- 2/1/2018 Ex-Date-
2/14/2018 Record- 2/15/2018
Payable- 2/28/2018
Fund
Ticker
Distribution
Change
FromPrior
Distribution
BlackRock Resources & Commodities Strategy Trust* BCX $0.051600
- BlackRock Enhanced Equity Dividend Trust* BDJ $0.046700 -
BlackRock Energy and Resources Trust* BGR $0.077600 - BlackRock
Enhanced International Dividend Trust* BGY $0.038000 - BlackRock
Health Sciences Trust* BME $0.200000 - BlackRock Enhanced Capital
and Income Fund, Inc.* CII $0.082800 - BlackRock Enhanced Global
Dividend Trust* BOE $0.078000 - BlackRock Utilities, Infrastructure
& Power Opportunities Trust* BUI $0.121000 - BlackRock Science
and Technology Trust* BST $0.130000 -
Early Declaration of Regular Monthly
Distributions for BKK:
March 2018 Distribution:
Declaration- 2/1/2018 Ex-Date-
3/14/2018 Record- 3/15/2018
Payable- 4/2/2018
April 2018 Distribution:
Declaration- 2/1/2018 Ex-Date-
4/13/2018 Record- 4/16/2018
Payable- 4/30/2018
Monthly Per-Share Distribution Amount:
Fund
Ticker
Distribution
Change
FromPrior
Distribution
BlackRock Municipal 2020 Term Trust BKK $0.039500 -
* 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 its shareholders
of record as of the applicable record date a Section 19 notice with
the previous distribution payment. The Section 19 notice
was provided for informational purposes only and not for tax
reporting purposes. This information can be found in the
“Closed-End Funds” section of www.blackrock.com. As
applicable, the final determination of the source and tax
characteristics of all distributions in 2018 will be made after the
end of the year.
BlackRock Resources & Commodities Strategy Trust (NYSE:BCX),
BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ), BlackRock
Energy and Resources Trust (NYSE:BGR), BlackRock Enhanced
International Dividend Trust (NYSE:BGY), BlackRock Health Sciences
Trust (NYSE:BME), BlackRock Enhanced Global Dividend Trust
(NYSE:BOE), BlackRock Utilities, Infrastructure & Power
Opportunities Trust (NYSE:BUI), BlackRock Enhanced Capital and
Income Fund, Inc. (NYSE:CII), BlackRock Science and Technology
Trust (NYSE:BST), and BlackRock Enhanced Government Fund, Inc.
(NYSE:EGF) (collectively, the “Plan Funds”) have adopted a level
distribution plan (a “Plan”) and employ a managed distribution
and/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 Plan Fund’s Board of Directors/Trustees.
Under its Plan, each Plan Fund will distribute all available
investment income to its shareholders, consistent with its
investment objectives and as required by the Internal Revenue Code
of 1986, as amended. If sufficient investment income is not
available on a monthly basis, each Plan Fund will distribute
long-term capital gains and/or return capital to its shareholders
in order to maintain a level distribution.
The Plan Funds’ estimated sources of the distributions paid as
of January 9, 2018 or January 31, 2018, as applicable, and for
their current fiscal year are as follows:
Estimated Allocations as of January 9, 2018
Fund Distribution
Net InvestmentIncome
Net RealizedShort-Term Gains
Net RealizedLong-Term Gains
Return of Capital EGF1 $0.041000 $0.008571
(21%) $0 (0%) $0 (0%) $0.032429 (79%)
Estimated Allocations as of January 31, 2018
Fund Distribution
Net InvestmentIncome
Net RealizedShort-Term Gains
Net RealizedLong-Term Gains
Return of Capital BCX1 $0.051600 $0.006180
(12%) $0 (0%) $0 (0%) $0.045420 (88%) BDJ1
$0.046700 $0.007344 (16%) $0 (0%) $0
(0%) $0.039356 (84%) BGR1 $0.077600 $0 (0%)
$0 (0%) $0 (0%) $0.077600 (100%) BGY1
$0.038000 $0.002749 (7%) $0 (0%) $0 (0%)
$0.035251 (93%) BME1 $0.200000 $0.007967 (4%)
$0 (0%) $0 (0%) $0.192033 (96%) BOE1
$0.078000 $0.015719 (20%) $0 (0%) $0 (0%)
$0.062281 (80%) BUI1 $0.121000 $0.012507 (10%)
$0 (0%) $0 (0%) $0.108493 (90%) CII1
$0.082800 $0.007046 (9%) $0 (0%) $0 (0%)
$0.075754 (91%) BST1 $0.130000 $0 (0%)
$0 (0%) $0 (0%) $0.130000 (100%)
Estimated Allocations (for Fiscal Year ended December 31,
2017) through January 9, 2018
Fund Distribution
Net InvestmentIncome
Net RealizedShort-Term Gains
Net RealizedLong-Term Gains
Return of Capital EGF1 $0.492000 $0.278998
(57%) $0 (0%) $0 (0%) 0.213002 (43%)
Estimated Allocations for the Fiscal Year through January 31,
2018
Fund Distribution
Net InvestmentIncome
Net RealizedShort-Term Gains
Net RealizedLong-Term Gains
Return of Capital BCX1 $0.051600 $0.006180
(12%) $0 (0%) $0 (0%) $0.045420 (88%) BDJ1
$0.046700 $0.007344 (16%) $0 (0%) $0
(0%) $0.039356 (84%) BGR1 $0.077600 $0 (0%)
$0 (0%) $0 (0%) $0.077600 (100%) BGY1
$0.038000 $0.002749 (7%) $0 (0%) $0 (0%)
$0.035251 (93%) BME1 $0.200000 $0.007967 (4%)
$0 (0%) $0 (0%) $0.192033 (96%) BOE1
$0.078000 $0.015719 (20%) $0 (0%) $0 (0%)
$0.062281 (80%) BUI1 $0.121000 $0.012507 (10%)
$0 (0%) $0 (0%) $0.108493 (90%) CII1
$0.082800 $0.007046 (9%) $0 (0%) $0 (0%)
$0.075754 (91%) BST1 $0.130000 $0 (0%)
$0 (0%) $0 (0%) $0.130000 (100%)
1The Plan 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 the Plan Fund's investment performance and should not be
confused with ‘yield’ or ‘income’. When distributions exceed total
return performance, the difference will reduce the Plan 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 Plan Fund’s investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. Each Plan 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) for the 5-yearperiod ending on12/31/2017
Annualized currentdistribution
rateexpressed as apercentage of NAV asof 12/31/2017
Cumulative total return(in relation to
NAV) forthe fiscal year through12/31/2017
Cumulative fiscalyear distributionsas a
percentageof NAV as of12/31/2017
BCX 1.84% 5.82% 15.60% 0.48% BDJ
11.24% 5.63% 15.06% 0.47% BGR 0.41%
5.89% 3.56% 0.49% BGY 4.80%
6.46% 20.88% 0.54% BME 16.85% 6.72%
22.21% 0.56% BOE 7.93% 7.08%
17.22% 0.59% BUI 9.26% 6.88% 16.62%
0.57% CII 13.17% 5.78% 21.69%
0.48% BST* 19.73% 5.63% 45.73% 0.47%
EGF 1.52% 3.52% 4.32% 2.94%
*Portfolio launched within the past 5 years; the performance and
distribution rate information presented for this Fund reflects data
from inception to 12/31/2017.
Shareholders should not draw any conclusions about a Plan
Fund’s investment performance from the amount of the Plan Fund’s
current distributions or from the terms of a Plan Fund’s
Plan.
About BlackRock
BlackRock helps investors build better financial
futures. As a fiduciary to our clients, we provide the
investment and technology solutions they need when planning for
their most important goals. As of December 31, 2017, the firm
managed approximately $6.288 trillion in assets on behalf of
investors worldwide. For additional information on BlackRock,
please visit www.blackrock.com | Twitter: @blackrock | Blog:
www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock.
Availability of Fund Updates
BlackRock will update performance and certain other data for the
Funds on a monthly basis on its website in the “Closed-end Funds”
section of www.blackrock.com as well as certain other material
information as necessary from time to time. Investors and others
are advised to check the website for updated performance
information and the release of other material information about the
Funds. This reference to BlackRock’s website is intended to allow
investors public access to information regarding the Funds and does
not, and is not intended to, incorporate BlackRock’s website in
this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or a
Fund may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with
respect to a Fund’s 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 a 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) 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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