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

Fri Feb 1, 2013 6:11pm EST

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NEW YORK--(Business Wire)--
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- 2/1/2013        Ex-Date- 2/13/2013        Record- 2/15/2013        Payable- 3/1/2013  
                                                                                                    


 National Funds                                                  Ticker      Distribution      Change From Prior   
                                                                                               Distribution        
 BlackRock Municipal Income Quality Trust                        BYM         $0.078000         -                   
 BlackRock Municipal Income Investment Quality Trust             BAF         $0.068500         -                   
 BlackRock Long-Term Municipal Advantage Trust                   BTA         $0.062000         -                   
 BlackRock Muni Intermediate Duration Fund, Inc.                 MUI         $0.071500         -                   
 BlackRock MuniAssets Fund, Inc.                                 MUA         $0.062500         -                   
 BlackRock Municipal 2018 Term Trust                             BPK         $0.075800         -                   
 BlackRock Municipal Bond Trust                                  BBK         $0.083500         -                   
 BlackRock Municipal Bond Investment Trust                       BIE         $0.078000         -                   
 BlackRock Municipal Income Trust                                BFK         $0.080100         -                   
 BlackRock Municipal Income Trust II                             BLE         $0.085000         -                   
 BlackRock Municipal Income Investment Trust                     BBF         $0.072375         -                   
 BlackRock Municipal Target Term Trust*                          BTT         $0.099000         -                   
 BlackRock MuniEnhanced Fund, Inc.                               MEN         $0.058000         -                   
 BlackRock MuniHoldings Fund II, Inc.                            MUH         $0.083000         -                   
 BlackRock MuniHoldings Fund, Inc.                               MHD         $0.091500         -                   
 BlackRock MuniHoldings Quality Fund II, Inc.                    MUE         $0.070500         -                   
 BlackRock MuniHoldings Quality Fund, Inc.                       MUS         $0.074000         -                   
 BlackRock MuniHoldings Investment Quality Fund                  MFL         $0.076500         -                   
 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 III, Inc.                      MYI         $0.072000         -                   
 BlackRock MuniYield Investment Quality Fund                     MFT         $0.071000         -                   
 BlackRock MuniYield Investment Fund                             MYF         $0.079000         -                   
 BlackRock MuniYield Quality Fund II, Inc.                       MQT         $0.069500         -                   
 BlackRock MuniYield Quality Fund, Inc.                          MQY         $0.080000         -                   
 The BlackRock Investment Quality Municipal Trust, Inc.          BKN         $0.080000         -                   
 The BlackRock Strategic Municipal Trust                         BSD         $0.074000         -                   
                                                                                                                   


                                                                                                                     
 State-Specific Funds                                              Ticker      Distribution      Change From Prior   
                                                                                                 Distribution        
 BlackRock California Municipal Income Trust                       BFZ         $0.077700         -                   
 BlackRock California Municipal 2018 Term Trust                    BJZ         $0.057500         -                   
 BlackRock MuniHoldings California Quality Fund, Inc.              MUC         $0.079000         -                   
 BlackRock MuniYield California Fund, Inc.                         MYC         $0.079000         -                   
 BlackRock MuniYield California Quality Fund, Inc.                 MCA         $0.076000         -                   
 BlackRock Florida Municipal 2020 Term Trust                       BFO         $0.056000         -                   
 BlackRock Maryland Municipal Bond Trust                           BZM         $0.062500         -                   
 BlackRock Muni New York Intermediate Duration Fund, Inc.          MNE         $0.062500         -                   
 BlackRock MuniHoldings New York Quality Fund, Inc.                MHN         $0.076500         -                   
 BlackRock MuniYield New York Quality Fund, Inc.                   MYN         $0.071000         -                   
 BlackRock New York Municipal 2018 Term Trust                      BLH         $0.060000         -                   
 BlackRock New York Municipal Income Quality Trust                 BSE         $0.071500         -                   
 BlackRock New York Municipal Bond Trust                           BQH         $0.071000         -                   
 BlackRock New York Municipal Income Trust                         BNY         $0.075000         -                   
 BlackRock New York Municipal Income Trust II                      BFY         $0.077000         -                   
 BlackRock MuniHoldings New Jersey Quality Fund, Inc.              MUJ         $0.074000         -                   
 BlackRock MuniYield New Jersey Fund, Inc.                         MYJ         $0.074000         -                   
 BlackRock MuniYield New Jersey Quality Fund, Inc.                 MJI         $0.072000         -                   
 BlackRock New Jersey Municipal Bond Trust                         BLJ         $0.073000         -                   
 BlackRock New Jersey Municipal Income Trust                       BNJ         $0.081100         -                   
 BlackRock MuniYield Arizona Fund, Inc.                            MZA         $0.069500         -                   
 BlackRock MuniYield Michigan Quality Fund II, Inc.                MYM         $0.069000         -                   
 BlackRock MuniYield Michigan Quality Fund, Inc.                   MIY         $0.076500         -                   
 BlackRock MuniYield Pennsylvania Quality Fund                     MPA         $0.074000         -                   
 The BlackRock Pennsylvania Strategic Municipal Trust              BPS         $0.071000         -                   
 BlackRock Virginia Municipal Bond Trust                           BHV         $0.078000         -                   
 Massachusetts Health & Education Tax-Exempt Trust                 MHE         $0.062500         -                   
                                                                                                                     


                                                                                                     
 Taxable Municipal Fund:                                                                             
                                                                                                     
 Declaration- 2/1/2013        Ex-Date- 2/13/2013        Record- 2/15/2013        Payable- 2/28/2013  
                                                                                                     


                                                                                                  
 Fund                                       Ticker        Distribution        Change From Prior   
                                                                              Distribution        
                                                                                                  
 BlackRock Build America Bond Trust*        BBN           $0.131800           -                   
                                                                                                  


                                                                                                     
 Taxable Funds:                                                                                      
                                                                                                     
 Declaration- 2/1/2013        Ex-Date- 2/13/2013        Record- 2/15/2013        Payable- 2/28/2013  
                                                                                                     


                                                                                                                  
 Fund                                                           Ticker      Distribution      Change From Prior   
                                                                                              Distribution        
 BlackRock Senior High Income Fund, Inc.                        ARK         $0.025000         -                   
 BlackRock Floating Rate Income Trust                           BGT         $0.077500         -                   
 BlackRock Strategic Bond Trust                                 BHD         $0.084500         -                   
 BlackRock Core Bond Trust                                      BHK         $0.073000         -                   
 BlackRock Defined Opportunity Credit Trust                     BHL         $0.068500         -                   
 The BlackRock High Yield Trust                                 BHY         $0.044500         -                   
 The BlackRock Income Trust, Inc.                               BKT         $0.040500         -                   
 BlackRock Limited Duration Income Trust                        BLW         $0.109500         -                   
 BlackRock Income Opportunity Trust, Inc.                       BNA         $0.057000         -                   
 BlackRock Credit Allocation Income Trust IV*                   BTZ         $0.078500         -                   
 BlackRock Corporate High Yield Fund, Inc.                      COY         $0.051000         -                   
 BlackRock Corporate High Yield Fund III, Inc.                  CYE         $0.052500         -                   
 BlackRock Debt Strategies Fund, Inc.                           DSU         $0.027000         -                   
 BlackRock Enhanced Government Fund, Inc.*                      EGF         $0.065000         -                   
 BlackRock Floating Rate Income Strategies Fund, Inc.*          FRA         $0.077000         -                   
 BlackRock High Income Shares                                   HIS         $0.015200         -                   
 BlackRock Corporate High Yield Fund VI, Inc.                   HYT         $0.087500         -                   
 BlackRock Corporate High Yield Fund V, Inc.                    HYV         $0.090000         -                   
                                                                                                                  


                                                                                                     
 Equity Funds:                                                                                       
                                                                                                     
 Declaration- 2/1/2013        Ex-Date- 2/13/2013        Record- 2/15/2013        Payable- 2/28/2013  
                                                                                                     


                                                                                                                        
 Fund                                                                 Ticker      Distribution      Change From Prior   
                                                                                                    Distribution        
 BlackRock Global Opportunities Equity Trust*                         BOE         $0.311650         -                   
 BlackRock S&P Quality Rankings Global Equity Managed Trust*          BQY         $0.230000         -$0.020000          
 BlackRock Utility and Infrastructure Trust*                          BUI         $0.362500         -                   
                                                                                                                        


* 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                                                                                                         
 Plan Fund      Distribution      Net Investment Income      Net Realized Short-Term Gains      Net Realized Long-Term Gains      Return of Capital  
 EGF1           $0.065000         $0.029652 (46%)            $0 (0%)                            $0 (0%)                           $0.035348 (54%)    
                                                                                                                                                     
 Estimated Allocations as of November 30, 2012                                                                                                       
 Plan Fund      Distribution      Net Investment Income      Net Realized Short-Term Gains      Net Realized Long-Term Gains      Return of Capital  
 BOE1           $0.311650         $0.024109 (8%)             $0 (0%)                            $0 (0%)                           $0.287541 (92%)    
 BQY1           $0.250000         $0.078451 (31%)            $0 (0%)                            $0 (0%)                           $0.171549 (69%)    
 BUI1           $0.362500         $0.113078 (31%)            $0.112849 (31%)                    $0 (0%)                           $0.136573 (38%)    
                                                                                                                                                     
 Estimated Allocations for the fiscal year through January 9, 2013                                                                                   
 Plan Fund      Distribution      Net Investment Income      Net Realized Short-Term Gains      Net Realized Long-Term Gains      Return of Capital  
 EGF1           $0.065000         $0.029652 (46%)            $0 (0%)                            $0 (0%)                           $0.035348 (54%)    
                                                                                                                                                     
 Estimated Allocations for the fiscal year through November 30, 2012                                                                                 
 Plan Fund      Distribution      Net Investment Income      Net Realized Short-Term Gains      Net Realized Long-Term Gains      Return of Capital  
 BOE1           $0.311650         $0.024109 (8%)             $0 (0%)                            $0 (0%)                           $0.287541 (92%)    
 BQY1           $0.250000         $0.078451 (31%)            $0 (0%)                            $0 (0%)                           $0.171549 (69%)    
 BUI1           $0.362500         $0.113078 (31%)            $0.112849 (31%)                    $0 (0%)                           $0.136573 (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:                                                                                                                        
 Trust        Average annual total                                Annualized current distribution rate         Cumulative total                       Cumulative                 
              
return (in relation to NAV) for the 5-year         
expressed as a                              
return (in relation                   
fiscal year               
              
period ending on                                   
percentage of NAV as of 12/31/2012          
to NAV) for the                       
distributions as a        
              
12/31/2012                                                                                      
fiscal year through 12/31/2012        
percentage of NAV as of   
                                                                                                                                                      
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.govand 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.

BlackRock
1-800-882-0052



Copyright Business Wire 2013

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