Breaking News

Glaxo to Pay $488.7 Million Fine to End China Corruption Probe
Tweet TWEET

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 theprevious 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
 
Press spacebar to pause and continue. Press esc to stop.