The BlackRock Closed-End Funds (each a "Fund" and collectively, the "Funds") announced today that Mr. Michael J. Castellano has been appointed by the Board of Directors/Trustees of each Fund to serve as an independent director/trustee of each of the Funds, effective April 14, 2011. In addition, Mr. Castellano was appointed to the Audit Committee of each of the Funds.
Mr. Castellano served as Chief Financial Officer of Lazard from August 2001 until his retirement at the end of March 2011. Prior to joining Lazard, Mr. Castellano held various senior management positions at Merrill Lynch & Co. and was a partner with Deloitte & Touche where he served a number of investment banking clients for 24 years.
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