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BlackRock Announces Portfolio Manager Changes To Certain Closed-End Funds

BlackRock Advisors, LLC announced today changes to the portfolio management teams of BlackRock Core Bond Trust (NYSE:BHK), BlackRock Income Opportunity Trust, Inc. (NYSE:BNA) and BlackRock Fixed Income Value Opportunities (XFIVX) (the “Funds”). The Funds’ portfolio management teams are as follows:
Fund     Ticker     New Management Team
BlackRock Core Bond Trust     BHK     James Keenan/Matthew Marra
BlackRock Income Opportunity Trust, Inc.     BNA     James Keenan/Matthew Marra
BlackRock Fixed Income Value Opportunities     XFIVX    

John Burger/James Keenan/ThomasMusmanno/John Vibert/Mark Warner

Portfolio Manager Biographies:

John Burger, CFA, Managing Director, is a senior portfolio manager and Head of Credit in the Financial Institutions Group within BlackRock Fundamental Fixed Income.

Mr. Burger's service with the firm dates back to 1986, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Burger was the Head of both Investment Grade Credit and MLIM's Fixed Income Trading Committee which oversaw dealer relationships and trading coordination. Prior to that, Mr. Burger was a senior portfolio manager in MLIM's Insurance Management Division from 1992 to 2000. Prior to joining MLIM in 1992, Mr. Burger was the short term investment manager for the Merrill Lynch Insurance Group, where he directed both the cash management and cash investment desks. Mr. Burger began his career at Merrill Lynch & Co., Inc. in 1986.

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