CORRECTING and REPLACINGCertain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

NEW YORK--(Business Wire)--
In table titled Estimated Source of Distributions of release dated May 29, 2009,
the Net Investment Income and Return of Capital percentages for Trust BTZ for
the YTD period have been changed to 67% (sted 23%) and 33% (sted 77%)
respectively.

Corrected Release Reads:

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

Today BlackRock S&P Quality Rankings Global Equity Managed Trust (NYSE Amex:
BQY), BlackRock Global Opportunities Equity Trust (NYSE: BOE), BlackRock Global
Equity Income Trust (NYSE: BFD), BlackRock Preferred and Equity Advantage Trust
(NYSE: BTZ) and BlackRock Enhanced Government Fund, Inc. (NYSE: EGF)
(collectively, the "Trusts") paid the following dividends per share:

Ticker Pay Date Per Share
BQY May 29, 2009 $ 0.187500
BOE May 29, 2009 $ 0.568750
BFD May 29, 2009 $ 0.475000
BTZ May 29, 2009 $ 0.130000
EGF May 29, 2009 $ 0.105000

Each of the Trusts 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
each Trust`s Board. Under its Plan, each Trust 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 (the
"Code"). If sufficient investment income is not available on a quarterly/monthly
basis, the Trusts will distribute long-term capital gains and or return of
capital to their shareholders in order to maintain a level distribution.

The Trusts` estimated sources of the distributions paid this month and for their
current fiscal years are as follows:

Estimated Source of Distributions:

Estimated Allocations
Trust Period Distribution Net Investment Net Realized Net Realized Return of

Income
Short-Term
Long-Term Gains
Capital

Gains
BQY1 Current $ 0.187500 $0.150000 (80%) $0.000000 (0%) $0.000000 (0%) $0.037500 (20%)
BOE1 Current $ 0.568750 $0.120000 (21%) $0.000000 (0%) $0.000000 (0%) $0.448750 (79%)
BFD1 Current $ 0.475000 $0.090000 (19%) $0.000000 (0%) $0.000000 (0%) $0.385000 (81%)
BTZ1 Current $ 0.130000 $0.085798 (66%) $0.000000 (0%) $0.000000 (0%) $0.044202 (34%)
EGF Current $ 0.105000 $0.105000 (100%) $0.000000 (0%) $0.000000 (0%) $0.000000 (0%)

Estimated Allocations
Trust Period Distribution Net Investment Net Realized Net Realized Return of

Income
Short-Term
Long-Term Gains
Capital

Gains
BQY1 YTD $ 0.600000 $0.270000 (45%) $0.000000 (0%) $0.000000 (0%) $0.330000 (55%)
BOE1 YTD $ 1.706250 $0.230000 (13%) $0.000000 (0%) $0.000000 (0%) $1.476250 (87%)
BFD1 YTD $ 1.425000 $0.150000 (11%) $0.000000 (0%) $0.000000 (0%) $1.275000 (89%)
BTZ1 YTD $ 0.910000 $0.610000 (67%) $0.000000 (0%) $0.000000 (0%) $0.300000 (33%)
EGF YTD $ 0.420000 $0.420000 (100%) $0.000000 (0%) $0.000000 (0%) $0.000000 (0%)

1The Trusts estimate that they have distributed more than their income and
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 a
Trust'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 Trust`s investment
experience during the remainder of its fiscal year and may be subject to changes
based on tax regulations. The Trusts 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.

Trust Performance and Distribution Rate Information:
Trust Average annual total return (in relation to NAV) from inception to April 30, 2009 Current fiscal period's annualized distribution rate as a percentage of NAV as of April 30, 2009 Cumulative total return (in relation to NAV) for the fiscal year through April 30, 2009 Cumulative fiscal year distribution rate expressed as a percentage of NAV as of April 30, 2009
BQY 0.89% 6.71% (5.13)% 3.69%
BOE 1.09% 13.74% 0.48% 6.87%
BFD (18.22)% 20.50% (1.00)% 10.25%
BTZ (26.50)% 17.98% (8.73)% 8.99%
EGF 3.21% 7.67% 4.48% 1.92%

Shareholders should not draw any conclusions about a Trust`s investment
performance from the amount of the Trust`s current distributions or from the
terms of the Trust`s Plan.

About BlackRock

BlackRock is one of the world`s largest publicly traded investment management
firms. At March 31, 2009, BlackRock`s assets under management were $1.283
trillion. The firm manages assets on behalf of institutions and individuals
worldwide through a variety of equity, fixed income, cash management and
alternative investment products. In addition, a growing number of institutional
investors use BlackRock Solutions investment system, risk management and
financial advisory services. Headquartered in New York City, as of March 31,
2009, the firm has approximately 5,200 employees in 21 countries and a major
presence in key global markets, including the U.S., Europe, Asia, Australia and
the Middle East. For additional information, please visit the firm`s web site at
www.blackrock.com.

Forward-Looking Statements

This press release, and other statements that BlackRock may make, may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act, with respect to 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 each Trust, the following factors, among others, could cause
actual events to differ materially from forward-looking statements or historical
performance: (1) changes in political, economic or industry conditions, the
interest rate environment or financial and capital markets, which could result
in changes in the Trust`s net asset value; (2) the performance of the Trust`s
investments; (3) the impact of increased competition; (4) the extent and timing
of any distributions or share repurchases; (5) the impact of legislative and
regulatory actions and reforms and regulatory, supervisory or enforcement
actions of government agencies relating to the Trust or BlackRock, as
applicable; and (6) BlackRock`s ability to attract and retain highly talented
professionals.

The Annual and Semi-Annual Reports and other regulatory filings of the Trusts
with the SEC are accessible on the SEC's website at www.sec.govand on
BlackRock`s website at www.blackrock.com, and may discuss these or other factors
that affect the Trusts. The information contained on our website is not a part
of this press release.

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

Copyright Business Wire 2009