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 -- February 1, 2013
Certain BlackRock closed-end funds (the “Funds”) announced distributions today
as detailed below. BlackRock S&P Quality Rankings Global Equity Managed Trust
(NYSE MKT:BQY) announced a distribution reduction. This distribution reduction
takes into account the current level of BQY’s net assets and current and
projected levels of dividend income, option premiums and volatility in the
market.
Municipal Funds:
Declaration- Ex-Date- Record- Payable-
2/1/2013 2/13/2013 2/15/2013 3/1/2013
Change From Prior
National Funds Ticker Distribution
Distribution
BlackRock Municipal BYM $0.078000 -
Income Quality Trust
BlackRock Municipal
Income Investment BAF $0.068500 -
Quality Trust
BlackRock Long-Term
Municipal Advantage BTA $0.062000 -
Trust
BlackRock Muni
Intermediate Duration MUI $0.071500 -
Fund, Inc.
BlackRock MuniAssets MUA $0.062500 -
Fund, Inc.
BlackRock Municipal 2018 BPK $0.075800 -
Term Trust
BlackRock Municipal Bond BBK $0.083500 -
Trust
BlackRock Municipal Bond BIE $0.078000 -
Investment Trust
BlackRock Municipal BFK $0.080100 -
Income Trust
BlackRock Municipal BLE $0.085000 -
Income Trust II
BlackRock Municipal BBF $0.072375 -
Income Investment Trust
BlackRock Municipal BTT $0.099000 -
Target Term Trust*
BlackRock MuniEnhanced MEN $0.058000 -
Fund, Inc.
BlackRock MuniHoldings MUH $0.083000 -
Fund II, Inc.
BlackRock MuniHoldings MHD $0.091500 -
Fund, Inc.
BlackRock MuniHoldings MUE $0.070500 -
Quality Fund II, Inc.
BlackRock MuniHoldings MUS $0.074000 -
Quality Fund, Inc.
BlackRock MuniHoldings MFL $0.076500 -
Investment Quality Fund
BlackRock MuniVest Fund MVT $0.091000 -
II, Inc.
BlackRock MuniVest Fund, MVF $0.059000 -
Inc.
BlackRock MuniYield MYD $0.083500 -
Fund, Inc.
BlackRock MuniYield MYI $0.072000 -
Quality Fund III, Inc.
BlackRock MuniYield MFT $0.071000 -
Investment Quality Fund
BlackRock MuniYield MYF $0.079000 -
Investment Fund
BlackRock MuniYield MQT $0.069500 -
Quality Fund II, Inc.
BlackRock MuniYield MQY $0.080000 -
Quality Fund, Inc.
The BlackRock Investment
Quality Municipal Trust, BKN $0.080000 -
Inc.
The BlackRock Strategic BSD $0.074000 -
Municipal Trust
Change From Prior
State-Specific Funds Ticker Distribution
Distribution
BlackRock California BFZ $0.077700 -
Municipal Income Trust
BlackRock California
Municipal 2018 Term BJZ $0.057500 -
Trust
BlackRock MuniHoldings
California Quality Fund, MUC $0.079000 -
Inc.
BlackRock MuniYield MYC $0.079000 -
California Fund, Inc.
BlackRock MuniYield
California Quality Fund, MCA $0.076000 -
Inc.
BlackRock Florida
Municipal 2020 Term BFO $0.056000 -
Trust
BlackRock Maryland BZM $0.062500 -
Municipal Bond Trust
BlackRock Muni New York
Intermediate Duration MNE $0.062500 -
Fund, Inc.
BlackRock MuniHoldings
New York Quality Fund, MHN $0.076500 -
Inc.
BlackRock MuniYield New MYN $0.071000 -
York Quality Fund, Inc.
BlackRock New York
Municipal 2018 Term BLH $0.060000 -
Trust
BlackRock New York
Municipal Income Quality BSE $0.071500 -
Trust
BlackRock New York BQH $0.071000 -
Municipal Bond Trust
BlackRock New York BNY $0.075000 -
Municipal Income Trust
BlackRock New York
Municipal Income Trust BFY $0.077000 -
II
BlackRock MuniHoldings
New Jersey Quality Fund, MUJ $0.074000 -
Inc.
BlackRock MuniYield New MYJ $0.074000 -
Jersey Fund, Inc.
BlackRock MuniYield New
Jersey Quality Fund, MJI $0.072000 -
Inc.
BlackRock New Jersey BLJ $0.073000 -
Municipal Bond Trust
BlackRock New Jersey BNJ $0.081100 -
Municipal Income Trust
BlackRock MuniYield MZA $0.069500 -
Arizona Fund, Inc.
BlackRock MuniYield
Michigan Quality Fund MYM $0.069000 -
II, Inc.
BlackRock MuniYield
Michigan Quality Fund, MIY $0.076500 -
Inc.
BlackRock MuniYield
Pennsylvania Quality MPA $0.074000 -
Fund
The BlackRock
Pennsylvania Strategic BPS $0.071000 -
Municipal Trust
BlackRock Virginia BHV $0.078000 -
Municipal Bond Trust
Massachusetts Health &
Education Tax-Exempt MHE $0.062500 -
Trust
Taxable Municipal Fund:
Declaration- Ex-Date- Record- Payable-
2/1/2013 2/13/2013 2/15/2013 2/28/2013
Change From Prior
Fund Ticker Distribution
Distribution
BlackRock Build BBN $0.131800 -
America Bond Trust*
Taxable Funds:
Declaration- Ex-Date- Record- Payable-
2/1/2013 2/13/2013 2/15/2013 2/28/2013
Change From Prior
Fund Ticker Distribution
Distribution
BlackRock Senior High ARK $0.025000 -
Income Fund, Inc.
BlackRock Floating Rate BGT $0.077500 -
Income Trust
BlackRock Strategic Bond BHD $0.084500 -
Trust
BlackRock Core Bond BHK $0.073000 -
Trust
BlackRock Defined BHL $0.068500 -
Opportunity Credit Trust
The BlackRock High Yield BHY $0.044500 -
Trust
The BlackRock Income BKT $0.040500 -
Trust, Inc.
BlackRock Limited BLW $0.109500 -
Duration Income Trust
BlackRock Income BNA $0.057000 -
Opportunity Trust, Inc.
BlackRock Credit
Allocation Income Trust BTZ $0.078500 -
IV*
BlackRock Corporate High COY $0.051000 -
Yield Fund, Inc.
BlackRock Corporate High CYE $0.052500 -
Yield Fund III, Inc.
BlackRock Debt DSU $0.027000 -
Strategies Fund, Inc.
BlackRock Enhanced EGF $0.065000 -
Government Fund, Inc.*
BlackRock Floating Rate
Income Strategies Fund, FRA $0.077000 -
Inc.*
BlackRock High Income HIS $0.015200 -
Shares
BlackRock Corporate High HYT $0.087500 -
Yield Fund VI, Inc.
BlackRock Corporate High HYV $0.090000 -
Yield Fund V, Inc.
Equity Funds:
Declaration- Ex-Date- Record- Payable-
2/1/2013 2/13/2013 2/15/2013 2/28/2013
Change From
Fund Ticker Distribution Prior
Distribution
BlackRock Global BOE $0.311650 -
Opportunities Equity Trust*
BlackRock S&P Quality
Rankings Global Equity BQY $0.230000 -$0.020000
Managed Trust*
BlackRock Utility and BUI $0.362500 -
Infrastructure 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 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
2013 will be made after the end of the year.
BlackRock Enhanced Government Fund, Inc. (NYSE:EGF), BlackRock Global
Opportunities Equity Trust (NYSE:BOE), BlackRock S&P Quality Rankings Global
Equity Managed Trust (NYSE MKT:BQY) and BlackRock Utility and Infrastructure
Trust (NYSE:BUI) (collectively, the “Plan Funds”) have adopted a level
distribution plan (a “Plan”) and employ 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 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 primary
investment objectives and as required by the Internal Revenue Code of 1986, as
amended. If sufficient investment income is not available on a
quarterly/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,
2013 or November 30, 2012, as applicable, and for their current fiscal year
are as follows:
Estimated Allocations as of January 9, 2013
Net Net Net
Plan Distribution Investment Realized Realized Return of
Fund Income Short-Term Long-Term Capital
Gains Gains
EGF^1 $0.065000 $0.029652 $0 (0%) $0 (0%) $0.035348
(46%) (54%)
Estimated Allocations as of November 30, 2012
Net Net Net
Plan Distribution Investment Realized Realized Return of
Fund Income Short-Term Long-Term Capital
Gains Gains
BOE^1 $0.311650 $0.024109 $0 (0%) $0 (0%) $0.287541
(8%) (92%)
BQY^1 $0.250000 $0.078451 $0 (0%) $0 (0%) $0.171549
(31%) (69%)
BUI^1 $0.362500 $0.113078 $0.112849 $0 (0%) $0.136573
(31%) (31%) (38%)
Estimated Allocations for the fiscal year through January 9, 2013
Net Net Net
Plan Distribution Investment Realized Realized Return of
Fund Income Short-Term Long-Term Capital
Gains Gains
EGF^1 $0.065000 $0.029652 $0 (0%) $0 (0%) $0.035348
(46%) (54%)
Estimated Allocations for the fiscal year through November 30, 2012
Net Net Net
Plan Distribution Investment Realized Realized Return of
Fund Income Short-Term Long-Term Capital
Gains Gains
BOE^1 $0.311650 $0.024109 $0 (0%) $0 (0%) $0.287541
(8%) (92%)
BQY^1 $0.250000 $0.078451 $0 (0%) $0 (0%) $0.171549
(31%) (69%)
BUI^1 $0.362500 $0.113078 $0.112849 $0 (0%) $0.136573
(31%) (31%) (38%)
^1 The 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
the 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 Plan 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 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 its
shareholders a Form 1099-DIV for the calendar year that will tell its
shareholders how to report these distributions for federal income tax
purposes.
Plan Fund Performance and Distribution Rate Information:
Average Cumulative
annual Annualized total Cumulative
total current
distribution return (in fiscal year
return (in rate relation
relation distributions
Trust to NAV) expressed as to NAV) as a
for the a for the
5-year percentage of
percentage fiscal NAV as of
period of NAV as of year
ending on 12/31/2012 through 12/31/2012
12/31/2012
12/31/2012
EGF 5.24% 4.84% 4.59% 4.75%
BOE (0.16)% 8.21% 3.80% 2.05%
BQY 0.37% 7.47% 1.50% 1.87%
BUI * 10.75% 7.33% (0.16)% 1.83%
* Portfolio launched within the past 5 years; this represents the average
annual total return (in relation to NAV) from inception to 12/31/2012.
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 the Plan Fund’s Plan.
About BlackRock
BlackRock is a leader in investment management, risk management and advisory
services for institutional and retail clients worldwide. At December 31, 2012,
BlackRock’s AUM was $3.792 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 December 31, 2012, the firm has approximately 10,500
employees in 30 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
1-800-882-0052
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