Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

  Distribution Dates and Amounts Announced for Certain BlackRock Closed-End
  Funds

Business Wire

NEW YORK -- December 05, 2012

Certain BlackRock closed-end funds (the “Funds”) announced distributions today
as detailed below. Several of the Funds announced distribution changes this
month. Generally, these distribution changes were made in order to better
align the Funds’ distribution rates with their current level of earnings.

Municipal Funds:

Declaration- 12/4/2012 Ex-Date- 12/12/2012 Record- 12/14/2012 Payable-
12/31/2012

                                                             Change From Prior
National Funds                      Ticker  Distribution 
                                                             Distribution
BlackRock Municipal Income Quality   BYM      $0.078000      -
Trust
BlackRock Municipal Income           BAF      $0.068500      -
Investment Quality Trust
BlackRock Long-Term Municipal        BTA      $0.062000      -
Advantage Trust
BlackRock Muni Intermediate          MUI      $0.071500      -
Duration Fund, Inc.
BlackRock MuniAssets Fund, Inc.      MUA      $0.062500      -
BlackRock Municipal 2020 Term        BKK      $0.062250      -
Trust
BlackRock Municipal Bond Trust       BBK      $0.083500      -
BlackRock Municipal Bond             BIE      $0.078000      -
Investment Trust
BlackRock Municipal Income Trust     BFK      $0.080100      -
BlackRock Municipal Income Trust     BLE      $0.085000      -
II
BlackRock Municipal Income           BBF      $0.072375      -
Investment Trust
BlackRock Municipal Target Term      BTT      $0.099000      -
Trust*
BlackRock MuniEnhanced Fund, Inc.    MEN      $0.058000      -
BlackRock MuniHoldings Fund II,      MUH      $0.083000      -
Inc.
BlackRock MuniHoldings Fund, Inc.    MHD      $0.091500      -
BlackRock MuniHoldings Quality       MUE      $0.070500      -
Fund II, Inc.
BlackRock MuniHoldings Quality       MUS      $0.074000      -
Fund, Inc.
BlackRock MuniHoldings Investment    MFL      $0.076500      -
Quality Fund
BlackRock MuniVest Fund II, Inc.     MVT      $0.091000      -
BlackRock MuniVest Fund, Inc.        MVF      $0.059000      -
BlackRock MuniYield Fund, Inc.       MYD      $0.083500      -
BlackRock MuniYield Quality Fund     MYI      $0.072000      -
III, Inc.
BlackRock MuniYield Investment       MFT      $0.071000      -
Quality Fund
BlackRock MuniYield Investment       MYF      $0.079000      -
Fund
BlackRock MuniYield Quality Fund     MQT      $0.069500      -
II, Inc.
BlackRock MuniYield Quality Fund,    MQY      $0.080000      -
Inc.
The BlackRock Investment Quality     BKN      $0.080000      -
Municipal Trust, Inc.
The BlackRock Strategic Municipal    BSD      $0.074000      -
Trust

                                                             Change From Prior
State-Specific Funds                Ticker  Distribution 
                                                             Distribution
BlackRock California Municipal       BFZ      $0.077700      -
Income Trust
BlackRock MuniHoldings California    MUC      $0.079000      -
Quality Fund, Inc.
BlackRock MuniYield California       MYC      $0.079000      -
Fund, Inc.
BlackRock MuniYield California       MCA      $0.076000      -
Quality Fund, Inc.
BlackRock Florida Municipal 2020     BFO      $0.056000      -
Term Trust
BlackRock Maryland Municipal Bond    BZM      $0.062500      -$0.004000
Trust
BlackRock Muni New York              MNE      $0.062500      -
Intermediate Duration Fund, Inc.
BlackRock MuniHoldings New York      MHN      $0.076500      -
Quality Fund, Inc.
BlackRock MuniYield New York         MYN      $0.071000      -
Quality Fund, Inc.
BlackRock New York Municipal         BSE      $0.071500      -
Income Quality Trust
BlackRock New York Municipal Bond    BQH      $0.071000      -
Trust
BlackRock New York Municipal         BNY      $0.075000      -
Income Trust
BlackRock New York Municipal         BFY      $0.077000      -
Income Trust II
BlackRock MuniHoldings New Jersey    MUJ      $0.074000      -
Quality Fund, Inc.
BlackRock MuniYield New Jersey       MYJ      $0.074000      -
Fund, Inc.
BlackRock MuniYield New Jersey       MJI      $0.072000      -
Quality Fund, Inc.
BlackRock New Jersey Municipal       BLJ      $0.073000      -
Bond Trust
BlackRock New Jersey Municipal       BNJ      $0.081100      -
Income Trust
BlackRock MuniYield Arizona Fund,    MZA      $0.069500      -
Inc.
BlackRock MuniYield Michigan         MYM      $0.069000      -
Quality Fund II, Inc.
BlackRock MuniYield Michigan         MIY      $0.076500      -
Quality Fund, Inc.
BlackRock MuniYield Pennsylvania     MPA      $0.074000      -
Quality Fund
The BlackRock Pennsylvania           BPS      $0.071000      -
Strategic Municipal Trust
BlackRock Virginia Municipal Bond    BHV      $0.078000      -
Trust
Massachusetts Health & Education     MHE      $0.062500      -
Tax-Exempt Trust

Taxable Municipal Fund:

Declaration- 12/4/2012 Ex-Date- 12/12/2012 Record- 12/14/2012 Payable-
12/18/2012

                                                             Change From Prior
Fund                                Ticker  Distribution 
                                                             Distribution
BlackRock Build America Bond Trust   BBN      $0.131800      -

Taxable Funds:

Declaration- 12/4/2012 Ex-Date- 12/12/2012 Record- 12/14/2012 Payable-
12/18/2012

                                                             Change From Prior
Fund                                Ticker  Distribution 
                                                             Distribution
BlackRock Senior High Income Fund,   ARK      $0.025000      -
Inc.
BlackRock Floating Rate Income       BGT      $0.077500      -
Trust
BlackRock Strategic Bond Trust       BHD      $0.084500      -
BlackRock Core Bond Trust            BHK      $0.073000      -
BlackRock Defined Opportunity        BHL      $0.068500      -
Credit Trust
The BlackRock High Yield Trust       BHY      $0.044500      -
The BlackRock Income Trust, Inc.     BKT      $0.040500      -
BlackRock Limited Duration Income    BLW      $0.109500      $0.002000
Trust
BlackRock Income Opportunity         BNA      $0.057000      -
Trust, Inc.
BlackRock Credit Allocation Income   BTZ      $0.078500      -
Trust IV
BlackRock Corporate High Yield       COY      $0.051000      -
Fund, Inc.
BlackRock Corporate High Yield       CYE      $0.052500      -
Fund III, Inc.
BlackRock Debt Strategies Fund,      DSU      $0.027000      -
Inc.
BlackRock Enhanced Government        EGF      $0.065000      -$0.005000
Fund, Inc.*
BlackRock Floating Rate Income       FRA      $0.077000      -
Strategies Fund, Inc.
BlackRock High Income Shares         HIS      $0.015200      -
BlackRock Corporate High Yield       HYT      $0.087500      -
Fund VI, Inc.
BlackRock Corporate High Yield       HYV      $0.090000      -
Fund V, Inc.

Special Distributions

Declaration- 12/4/2012 Ex-Date- 12/12/2012 Record- 12/14/2012 Payable-
12/31/2012

                                    Taxable      Short-Term      Long-Term
Fund                      Ticker  Market      Capital Gain   Capital Gain
                                    Discount
The BlackRock Investment
Quality Municipal Trust,   BKN      $0.004400    -               -
Inc.
BlackRock Long-Term
Municipal Advantage        BTA      $0.000100    -               -
Trust
BlackRock Muni
Intermediate Duration      MUI      $0.011800    $0.012900       $0.116800
Fund, Inc.
BlackRock MuniAssets       MUA      $0.026700    -               -
Fund, Inc.
BlackRock Municipal 2018   BPK      $0.006200    -               -
Term Trust
BlackRock Municipal Bond   BBK      $0.002200    $0.066300       $0.072300
Trust
BlackRock Municipal        BFK      $0.001100    -               -
Income Trust
BlackRock Municipal        BLE      $0.008600    -               -
Income Trust II
BlackRock MuniHoldings     MHD      $0.023500    $0.042700       $0.148500
Fund, Inc.
BlackRock MuniHoldings     MUH      $0.045500    $0.045800       $0.117000
Fund II, Inc.
BlackRock MuniHoldings     MUE      $0.000700    -               -
Quality Fund II, Inc.
BlackRock MuniHoldings
New York Quality Fund,     MHN      $0.000600    -               -
Inc.
BlackRock MuniVest Fund    MVT      $0.005300    -               -
II, Inc.
BlackRock MuniYield        MYD      $0.014800    -               -
Fund, Inc.
BlackRock MuniYield New    MYJ      $0.004300    -               $0.064400
Jersey Fund, Inc.
BlackRock MuniYield New
Jersey Quality Fund,       MJI      $0.007000    $0.006300       $0.022300
Inc.
BlackRock MuniYield        MQY      $0.000400    -               -
Quality Fund, Inc.
BlackRock MuniYield        MYI      $0.002900    -               -
Quality Fund III, Inc.
BlackRock New York
Municipal 2018 Term        BLH      $0.004700    -               -
Trust
BlackRock New York         BQH      $0.001100    $0.112200       $0.112500
Municipal Bond Trust
The BlackRock
Pennsylvania Strategic     BPS      $0.011800    -               -
Municipal Trust
BlackRock Virginia         BHV      $0.006900    -               -
Municipal Bond Trust

* 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 of record as of the
applicable record date a Section 19 notice with theprevious dividend
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
2012 will be made after the end of the year.

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) (“EGF”) 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 EGF’s Board of Directors.
Under its Plan, EGF 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 monthly basis, EGF will distribute
long-term capital gains and/or return capital to its shareholders in order to
maintain a level distribution.

EGF’s estimated sources of the distribution paid as of November 30, 2012 and
for its current fiscal year are as follows:

Estimated Allocations as of November 30, 2012                       
                         Net                             Net
Fund     Distribution  Investment  Net Realized      Realized   Return of
                         Income       Short-Term Gains   Long-Term   Capital
                                                         Gains
EGF^1    $0.070000     $0.046658   $0 (0%)           $0 (0%)    $0.023342
                         (67%)                                       (33%)
                                                               
Estimated Allocations for the fiscal year through November 30,      
2012
                         Net                             Net
Fund     Distribution  Investment  Net Realized      Realized   Return of
                         Income       Short-Term Gains   Long-Term   Capital
                                                         Gains
EGF^1    $0.700000     $0.565165   $0 (0%)           $0 (0%)    $0.134835
                         (81%)                                       (19%)

^1 EGF 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
EGF’s investment performance and should not be confused with ‘yield’ or
‘income’. When distributions exceed total return performance, the difference
will reduce EGF’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 EGF’s investment
experience during the remainder of its fiscal year and may be subject to
changes based on tax regulations. EGF 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:          
       Average annual      Annualized          Cumulative     Cumulative
       total return (in    current             total return   fiscal year
       relation to NAV)    distribution rate   (in relation   distributions as
Fund  for the 5-year     expressed as a     to NAV) for   a percentage of
       period ending on    percentage of NAV   the fiscal     NAV as of
       10/31/2012          as of 10/31/2012    year through   10/31/2012
                                               10/31/2012
EGF   5.22%              5.20%              3.59%         3.90%

Shareholders should not draw any conclusions about EGF’s investment
performance from the amount of EGF’s current distributions or from the terms
of EGF’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,
2012, BlackRock’s AUM was $3.673 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, 2012, the firm has approximately 10,400
employees in 29 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 BlackRock’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 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 a 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 Funds. The information
contained on BlackRock’s website is not a part of this press release.

Contact:

BlackRock Closed-End Funds
1-800-882-0052
 
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