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