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Dividend Dates And Distribution Amounts Announced For Certain BlackRock Closed-End Funds

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Two of the Funds announced dividend adjustments this month. BlackRock S&P Quality Rankings Global Equity Managed Trust (NYSE AMEX:BQY) announced a dividend increase. This increase takes into account BQY’s earnings potential in light of the changes to its investment strategy announced on February 16, 2010 and BQY’s increased use of its option-writing strategy to enhance current gains. BlackRock Insured Municipal Term Trust Inc. (NYSE:BMT) announced a dividend reduction. BMT is a term trust that matures on or about December 31, 2010. BMT’s dividend reduction reflects its earnings potential as well as its efforts to seek its investment objective of returning $10 per common share (the initial public offering price per common share) to common shareholders at maturity.

Municipal Funds:      
Declaration- 8/2/2010 Ex-Date- 8/12/2010 Record- 8/16/2010 Payable- 9/1/2010
National Funds       Ticker   Dividend   Change From Prior

Dividend

BlackRock Apex Municipal Fund, Inc. APX $0.044000 -
BlackRock Insured Municipal Income Trust BYM $0.074000 -
BlackRock Insured Municipal Income Investment Trust BAF $0.073500 -
BlackRock Insured Municipal Term Trust Inc. BMT $0.005000 -$0.010000
BlackRock Investment Quality Municipal Income Trust RFA $0.070000 -
BlackRock Long-Term Municipal Advantage Trust BTA $0.059500 -
BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.068000 -
BlackRock MuniAssets Fund, Inc. MUA $0.062500 -
BlackRock Municipal 2018 Term Trust BPK $0.078000 -
BlackRock Municipal 2020 Term Trust BKK $0.062250 -
BlackRock Municipal Bond Trust BBK $0.085000 -
BlackRock Municipal Bond Investment Trust BIE $0.078800 -
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 $0.057000 -
BlackRock MuniHoldings Fund II, Inc. MUH $0.080500 -
BlackRock MuniHoldings Fund, Inc. MHD $0.086000 -
BlackRock MuniHoldings Insured Fund II, Inc. MUE $0.073500 -
BlackRock MuniHoldings Insured Fund, Inc. MUS $0.074000 -
BlackRock MuniHoldings Insured Investment Fund MFL $0.073000 -
BlackRock MuniVest Fund II, Inc. MVT $0.086000 -
BlackRock MuniVest Fund, Inc. MVF $0.056000 -
BlackRock MuniYield Fund, Inc. MYD $0.080000 -
BlackRock MuniYield Insured Fund, Inc. MYI $0.071000 -
BlackRock MuniYield Insured Investment Fund MFT $0.071000 -
BlackRock MuniYield Investment Fund MYF $0.075000 -
BlackRock MuniYield Quality Fund II, Inc. MQT $0.067000 -
BlackRock MuniYield Quality Fund, Inc. MQY $0.077000 -
The BlackRock Investment Quality Municipal Trust, Inc. BKN $0.084000 -
The BlackRock Strategic Municipal Trust BSD $0.072500 -

State-Specific Funds

Ticker Dividend Change From Prior

Dividend

BlackRock California Municipal Income Trust BFZ $0.075700 -
BlackRock California Municipal 2018 Term Trust BJZ $0.072000 -
BlackRock MuniHoldings California Insured Fund, Inc. MUC $0.070500 -
BlackRock MuniYield California Fund, Inc. MYC $0.072000 -
BlackRock MuniYield California Insured Fund, Inc. MCA $0.068000 -
The BlackRock California Investment Quality Municipal Trust, Inc. RAA $0.058000 -
BlackRock Florida Municipal 2020 Term Trust, Inc. BFO $0.056000 -
BlackRock Maryland Municipal Bond Trust BZM $0.079000 -
BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.058000 -
BlackRock MuniHoldings New York Insured Fund, Inc. MHN $0.078000 -
BlackRock MuniYield New York Insured Fund, Inc. MYN $0.070000 -
BlackRock New York Insured Municipal Income Trust BSE $0.070500 -
BlackRock New York Municipal 2018 Term Trust BLH $0.082000 -
BlackRock New York Municipal Bond Trust BQH $0.080500 -
BlackRock New York Municipal Income Trust BNY $0.082500 -
BlackRock New York Municipal Income Trust II BFY $0.082000 -
The BlackRock New York Investment Quality Municipal Trust, Inc. RNY $0.073000 -
BlackRock MuniHoldings New Jersey Insured Fund, Inc. MUJ $0.073000 -
BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.070500 -
BlackRock MuniYield New Jersey Insured Fund, Inc. MJI $0.072000 -
BlackRock New Jersey Municipal Bond Trust BLJ $0.078000 -
BlackRock New Jersey Municipal Income Trust BNJ $0.077600 -
The BlackRock New Jersey Investment Quality Municipal Trust RNJ $0.065500 -
BlackRock MuniYield Arizona Fund, Inc. MZA $0.069500 -
BlackRock MuniYield Michigan Insured Fund II, Inc. MYM $0.071500 -
BlackRock MuniYield Michigan Insured Fund, Inc. MIY $0.075000 -
BlackRock MuniYield Pennsylvania Insured Fund MPA $0.072000 -
The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.072500 -
BlackRock Virginia Municipal Bond Trust BHV $0.081500 -
Massachusetts Health & Education Tax-Exempt Trust MHE $0.070000 -
 
Taxable Funds:      
Declaration- 8/2/2010 Ex-Date- 8/12/2010 Record- 8/16/2010 Payable- 8/31/2010
Fund       Ticker   Dividend   Change From Prior

Dividend

BlackRock Senior High Income Fund, Inc. ARK $0.025000 -
BlackRock Floating Rate Income Trust BGT $0.070000 -
BlackRock Strategic Bond Trust BHD $0.077000 -
BlackRock Core Bond Trust BHK $0.067000 -
BlackRock Defined Opportunity Credit Trust BHL $0.064000 -
The BlackRock High Yield Trust* BHY $0.043500 -
The BlackRock Income Trust, Inc. BKT $0.024000 -
BlackRock Limited Duration Income Trust BLW $0.085000 -
BlackRock Income Opportunity Trust, Inc. BNA $0.051000 -
BlackRock Credit Allocation Income Trust III* BPP $0.066500 -
BlackRock Credit Allocation Income Trust IV* BTZ $0.079000 -
BlackRock Corporate High Yield Fund, Inc. COY $0.051000 -
BlackRock Corporate High Yield Fund III, Inc. CYE $0.050000 -
BlackRock Debt Strategies Fund, Inc. DSU $0.029000 -
BlackRock Diversified Income Strategies Fund, Inc.* DVF $0.068500 -
BlackRock Enhanced Government Fund, Inc.* EGF $0.080000 -
BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.077000 -
BlackRock Floating Rate Income Strategies Fund II, Inc.* FRB $0.075000 -
BlackRock High Income Shares HIS $0.014200 -
BlackRock Corporate High Yield Fund VI, Inc. HYT $0.082500 -
BlackRock Corporate High Yield Fund V, Inc. HYV $0.082500 -
BlackRock Credit Allocation Income Trust I, Inc.* PSW $0.057000 -
BlackRock Credit Allocation Income Trust II, Inc.* PSY $0.063500 -
Equity Funds:      
Declaration- 8/2/2010 Ex-Date- 8/12/2010 Record- 8/16/2010 Payable- 8/31/2010
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 $0.250000 $0.062500

* 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 2010 will be made after the end of the year.

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF), 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 July 30, 2010 or May 28, 2010, as applicable, and for their current fiscal year are as follows:

Estimated Allocations as of July 30, 2010        
Trust   Distribution  

Net Investment

Income

 

Net Realized

Short-Term Gains

 

Net Realized

Long-Term Gains

 

Return of Capital

EGF 1   $0.080000   $0.05091 (64%)   $0.00 (0%)   $0.00 (0%)   $0.02909 (36%)
         
Estimated Allocations as of May 28, 2010        
Trust   Distribution  

Net Investment

Income

 

Net Realized

Short-Term Gains

 

Net Realized

Long-Term Gains

  Return of Capital
BOE 1   $0.568750   $0.03013 (5%)   $0.00 (0%)   $0.00 (0%)   $0.53862 (95%)
BQY   $0.187500   $0.08290 (44%)   $0.08550 (46%)   $0.01910 (10%)   $0.00 (0%)
 
Estimated Allocations for the fiscal year through July 30, 2010.    
Trust   Distribution  

Net Investment

Income

 

Net Realized

Short-Term Gains

 

Net Realized

Long-Term Gains

  Return of Capital
EGF 1   $0.505000   $0.33777 (67%)   $0.00 (0%)   $0.00 (0%)   $0.16723 (33%)
 
Estimated Allocations for the fiscal year through May 28, 2010    
Trust   Distribution  

Net Investment

Income

 

Net Realized

Short-Term Gains

 

Net Realized

Long-Term Gains

  Return of Capital
BOE 1   $1.706250   $0.11575 (7%)   $0.00 (0%)   $0.00 (0%)   $1.59050 (93%)
BQY   $0.562500   $0.20960 (37%)   $0.20880 (37%)   $0.14410 (26%)   $0.00 (0%)
 

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

return (in relation to NAV)

from inception

to June 30, 2010

 

Annualized current

distribution rate

expressed as a

percentage of NAV as

of June 30, 2010

 

Cumulative total

return (in relation to NAV)

for the fiscal year

through June 30, 2010

 

Cumulative fiscal

year distributions

as a percentage

of NAV as of

June 30, 2010

EGF   4.85%   5.73%   3.51%   2.54%
BOE   4.03% *   13.69%   -2.11%   10.27%
BQY   1.23% *   6.02%   -2.42%   4.52%

* Five year total return (in relation to NAV) as of June 30, 2010.

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