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

http://www.businesswire.com/news/home/20091102006524/en

NEW YORK--(Business Wire)--
Certain BlackRock closed-end funds (the "Funds") announced distributions today
as detailed below.

Details are as follows:

Municipal Funds:
Declaration- 11/2/2009 Ex-Date- 11/10/2009 Record- 11/13/2009 Payable- 12/1/2009

National Funds Ticker Dividend Change From
Prior Month
BlackRock Apex Municipal Fund, Inc. APX $0.046500 -
BlackRock Insured Municipal Income Trust BYM $0.068500 -
BlackRock Insured Municipal Income Investment Trust BAF $0.068500 -
BlackRock Investment Quality Municipal Income Trust RFA $0.070000 -
BlackRock Long-Term Municipal Advantage Trust BTA $0.057500 -
BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.065500 -
BlackRock MuniAssets Fund, Inc. MUA $0.067500 -
BlackRock Municipal 2020 Term Trust BKK $0.062250 -
BlackRock Municipal Bond Trust BBK $0.085000 -
BlackRock Municipal Bond Investment Trust BIE $0.073800 -
BlackRock Municipal Income Trust BFK $0.078600 -
BlackRock Municipal Income Trust II BLE $0.081000 -
BlackRock Municipal Income Investment Trust BBF $0.075375 -
BlackRock MuniEnhanced Fund, Inc. MEN $0.053000 -
BlackRock MuniHoldings Fund II, Inc. MUH $0.075500 -
BlackRock MuniHoldings Fund, Inc. MHD $0.083500 -
BlackRock MuniHoldings Insured Fund II, Inc. MUE $0.070000 -
BlackRock MuniHoldings Insured Fund, Inc. MUS $0.070000 -
BlackRock MuniHoldings Insured Investment Fund MFL $0.068000 -
BlackRock MuniVest Fund II, Inc. MVT $0.083500 -
BlackRock MuniVest Fund, Inc. MVF $0.053000 -
BlackRock MuniYield Fund, Inc. MYD $0.069000 -
BlackRock MuniYield Insured Fund, Inc. MYI $0.061000 -
BlackRock MuniYield Insured Investment Fund MFT $0.066000 -
BlackRock MuniYield Investment Fund MYF $0.065500 -
BlackRock MuniYield Quality Fund II, Inc. MQT $0.062000 -
BlackRock MuniYield Quality Fund, Inc. MQY $0.069500 -
The BlackRock Investment Quality Municipal Trust, Inc. BKN $0.081500 -
The BlackRock Strategic Municipal Trust BSD $0.070000 -

State-Specific Funds Ticker Dividend Change From
Prior Month
BlackRock California Insured Municipal Income Trust BCK $0.066000 -
BlackRock California Municipal Bond Trust BZA $0.077000 -
BlackRock California Municipal Income Trust BFZ $0.075700 -
BlackRock California Municipal Income Trust II BCL $0.074500 -
BlackRock MuniHoldings California Insured Fund, Inc. MUC $0.063000 -
BlackRock MuniYield California Fund, Inc. MYC $0.067500 -
BlackRock MuniYield California Insured Fund, Inc. MCA $0.061000 -
The BlackRock California Investment Quality Municipal Trust, Inc. RAA $0.053000 -
BlackRock Florida Municipal 2020 Term Trust, Inc. BFO $0.056000 -
BlackRock Maryland Municipal Bond Trust BZM $0.067900 -
BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.055500 -
BlackRock MuniHoldings New York Insured Fund, Inc. MHN $0.068500 -
BlackRock MuniYield New York Insured Fund, Inc. MYN $0.052500 -
BlackRock New York Insured Municipal Income Trust BSE $0.065500 -
BlackRock New York Municipal Bond Trust BQH $0.078000 -
BlackRock New York Municipal Income Trust BNY $0.082500 -
BlackRock New York Municipal Income Trust II BFY $0.080000 -
The BlackRock New York Investment Quality Municipal Trust, Inc. RNY $0.068200 -
BlackRock MuniHoldings New Jersey Insured Fund, Inc. MUJ $0.069000 -
BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.070500 -
BlackRock MuniYield New Jersey Insured Fund, Inc. MJI $0.069500 -
BlackRock New Jersey Municipal Bond Trust BLJ $0.075500 -
BlackRock New Jersey Municipal Income Trust BNJ $0.077600 -
The BlackRock New Jersey Investment Quality Municipal Trust RNJ $0.064000 -
BlackRock MuniYield Arizona Fund, Inc. MZA $0.067000 -
BlackRock MuniYield Michigan Insured Fund II, Inc. MYM $0.066500 -
BlackRock MuniYield Michigan Insured Fund, Inc. MIY $0.072500 -
BlackRock MuniYield Pennsylvania Insured Fund MPA $0.065500 -
The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.064000 -
BlackRock Virginia Municipal Bond Trust BHV $0.080000 -
Massachusetts Health & Education Tax-Exempt Trust MHE $0.062000 -

Taxable Funds:
Declaration- 11/2/2009 Ex-Date- 11/10/2009 Record- 11/13/2009 Payable- 11/30/2009

Fund Ticker Dividend Change From
Prior

Dividend
BlackRock Senior High Income Fund, Inc. ARK $0.025000 -
BlackRock Floating Rate Income Trust* BGT $0.067500 -
BlackRock Strategic Bond Trust BHD $0.069500 -
BlackRock Core Bond Trust BHK $0.062000 -
BlackRock Defined Opportunity Credit Trust BHL $0.060000 -
The BlackRock High Yield Trust BHY $0.043500 -
The BlackRock Income Trust, Inc. BKT $0.024000 -
BlackRock Limited Duration Income Trust BLW $0.070000 -
BlackRock Income Opportunity Trust, Inc. BNA $0.051000 -
BlackRock Preferred Opportunity Trust* BPP $0.072500 -
BlackRock Preferred and Equity Advantage Trust* BTZ $0.100000 -
BlackRock Corporate High Yield Fund, Inc. COY $0.061000 -
BlackRock Corporate High Yield Fund III, Inc. CYE $0.055000 -
BlackRock Debt Strategies Fund, Inc.* DSU $0.031000 -
BlackRock Diversified Income Strategies Fund, Inc. DVF $0.078500 -
BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.081500 -
BlackRock Floating Rate Income Strategies Fund II, Inc.* FRB $0.081000 -
BlackRock High Income Shares HIS $0.013200 -
BlackRock Corporate High Yield Fund VI, Inc. HYT $0.087500 -
BlackRock Corporate High Yield Fund V, Inc. HYV $0.087500 -
BlackRock Preferred and Corporate Income Strategies Fund, Inc.* PSW $0.060000 -
BlackRock Preferred Income Strategies Fund, Inc.* PSY $0.075000 -

Equity Funds:
Declaration- 11/2/2009 Ex-Date- 11/10/2009 Record- 11/13/2009 Payable- 11/30/2009

Fund Ticker Dividend Change From
Prior

Dividend
BlackRock Global Opportunities Equity Trust* BOE $0.568750 -
BlackRock S&P Quality Rankings Global Equity Managed Trust* BQY $0.187500 -

* 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 as of the applicable record date a
Section 19 notice with the previous dividend payment. The Section 19 notice was
provided not for tax reporting purposes but for informational purposes only.
This information can be found in the "Closed-End Funds" section of
www.blackrock.com. If applicable, the final determination of the source and tax
characteristics of all distributions in 2009 will be made after the end of the
year.

BlackRock Preferred and Equity Advantage Trust (NYSE: BTZ), BlackRock Global
Opportunities Equity Trust (NYSE:BOE) and BlackRock S&P Quality Rankings Global
Equity Managed Trust (NYSE AMEX:BQY) (collectively, the "Trusts") have adopted a
level distribution plan (the "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 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 Trust will distribute
long-term capital gains and or return capital to its shareholders in order to
maintain a level distribution.

The Trusts` estimated sources of the distributions paid as of October 31, 2009
or August 31, 2009, as applicable, and for their current fiscal year are as
follows:

Estimated Allocations as of October 31, 2009
Trust Distribution Net Investment Net Realized Net Realized Return of
Income Short-Term Gains Long-Term Gains Capital
BTZ1 $0.100000 $0.047700 (48%) $0.00 (0%) $0.00 (0%) $0.052300 (52%)

Estimated Allocations as of August 31, 2009
Trust Distribution Net Investment Net Realized Net Realized Return of
Income Short-Term Gains Long-Term Gains Capital
BQY1 $0.187500 $0.075700 (40%) $0.00 (0%) $0.00 (0%) $0.111800 (60%)
BOE1 $0.568750 $0.017480 (3%) $0.00 (0%) $0.00 (0%) $0.551270 (97%)

Estimated Allocations for the fiscal year through October 31, 2009
Trust Distribution Net Investment Net Realized Net Realized Return of
Income Short-Term Gains Long-Term Gains Capital
BTZ1 $1.410000 $0.934700 (66%) $0.00 (0%) $0.00 (0%) $0.475300 (34%)

Estimated Allocations for the fiscal year through August 31, 2009
Trust Distribution Net Investment Net Realized Net Realized Return of
Income Short-Term Gains Long-Term Gains Capital
BQY1 $0.787500 $0.346800 (44%) $0.00 (0%) $0.00 (0%) $0.440700 (56%)
BOE1 $2.275000 $0.060490 (3%) $0.00 (0%) $0.00 (0%) $2.214510 (97%)

1 The Trust estimates that it has distributed more than its 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 the Trust`s investment
experience during the remainder of its fiscal year and may be subject to changes
based on tax regulations. The Trust 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 Current fiscal period's Cumulative total Cumulative fiscal year
return (in relation to annualized distribution return (in relation distribution rate
NAV) for the inception rate as a percentage of to NAV) for the expressed as a
to date ending on NAV as of September fiscal year through percentage of NAV as
September 30, 2009 30, 2009 September 30, 2009 of September 30, 2009
BTZ (10.67)% 9.66% 37.37% 10.55%
BQY 4.62% * 5.53% 19.22% 5.81%
BOE 5.85% 11.94% 23.22% 11.94%

* Five year total return (in relation to NAV) as of September 30, 2009.

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 September 30, 2009, BlackRock`s assets under management were $1.435
trillion. The firm manages assets on behalf of institutions and individuals
worldwide through a variety of equity and balanced, fixed income, cash
management, alternative investment and advisory 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 September 30, 2009, the firm has approximately 5,000 full-time employees
in 21 countries and a major presence in key global markets, including the United
States, Europe, Asia, Australia and the Middle East. For additional information,
please visit the firm`s website 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 Fund, 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 Fund`s net asset value; (2) the performance of the Fund`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 Fund 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 Funds
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 Funds. 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