This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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. Several of the Funds announced dividend increases. These dividend increases take into account each Fund’s earnings potential in light of the current market environment and the Fund’s leverage and asset levels.

In addition, several other Funds announced dividend reductions. Generally, these dividend reductions were made in order to better align the Funds with their current earnings rates in light of the current market environment. With respect to BlackRock Diversified Income Strategies Fund, Inc. (NYSE:DVF) and BlackRock Floating Rate Income Strategies Fund II, Inc. (NYSE:FRB), these dividend reductions take into account each Fund’s earnings potential in light of the relatively low interest rates paid on floating rate securities held by the Funds. With respect to BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ), BlackRock EcoSolutions Investment Trust (NYSE:BQR) and BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII), these dividend reductions take into account each Fund’s relatively high current distribution level, the current level of each Fund’s net assets and current and projected levels of dividend income, option premiums and volatility in the market.

           

Municipal Funds:

 

Declaration- 6/1/2011 Ex-Date- 6/13/2011 Record- 6/15/2011 Payable- 7/1/2011

National Funds Ticker Dividend

Change From

Prior

Dividend

BlackRock Municipal Income Quality Trust BYM $0.077000 -
BlackRock Municipal Income Investment Quality Trust BAF $0.074500 -
BlackRock Investment Quality Municipal Income Trust RFA $0.070000 -
BlackRock Long-Term Municipal Advantage Trust BTA $0.062500 -
BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.071500 -
BlackRock MuniAssets Fund, Inc. MUA $0.062500 -
BlackRock Municipal 2020 Term Trust BKK $0.062250 -
BlackRock Municipal Bond Trust BBK $0.088500 -
BlackRock Municipal Bond Investment Trust BIE $0.081000 -
BlackRock Municipal Income Trust BFK $0.080100 -
BlackRock Municipal Income Trust II BLE $0.083500 -
BlackRock Municipal Income Investment Trust BBF $0.075375 -
BlackRock Municipal 2018 Term Trust BPK $0.078000 -
BlackRock MuniEnhanced Fund, Inc. MEN $0.057000 -
BlackRock MuniHoldings Fund II, Inc. MUH $0.081500 -
BlackRock MuniHoldings Fund, Inc. MHD $0.090500 -
BlackRock MuniHoldings Quality Fund II, Inc. MUE $0.073500 -
BlackRock MuniHoldings Quality Fund, Inc. MUS $0.074000 -
BlackRock MuniHoldings Investment Quality Fund MFL $0.076500 -
BlackRock MuniVest Fund II, Inc. MVT $0.088500 -
BlackRock MuniVest Fund, Inc. MVF $0.059000 -
BlackRock MuniYield Fund, Inc. MYD $0.082500 -
BlackRock MuniYield Quality Fund III, Inc. MYI $0.072000 -
BlackRock MuniYield Investment Quality Fund MFT $0.071000 -
BlackRock MuniYield Investment Fund MYF $0.077500 -
BlackRock MuniYield Quality Fund II, Inc. MQT $0.068000 -
BlackRock MuniYield Quality Fund, Inc. MQY $0.077000 -
The BlackRock Investment Quality Municipal Trust, Inc. BKN $0.084000 -
The BlackRock Strategic Municipal Trust BSD $0.074000 -
 

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 Quality Fund, Inc. MUC $0.076500 -
BlackRock MuniYield California Fund, Inc. MYC $0.079000 -
BlackRock MuniYield California Quality Fund, Inc. MCA $0.073500 -
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 $0.061000 -
BlackRock MuniHoldings New York Quality Fund, Inc. MHN $0.079500 -
BlackRock MuniYield New York Quality Fund, Inc. MYN $0.071000 -
BlackRock New York Municipal 2018 Term Trust, Inc. BLH $0.082000 -
BlackRock New York Municipal Income Quality Trust BSE $0.071500 -
BlackRock New York Municipal Bond Trust BQH $0.082000 -
BlackRock New York Municipal Income Trust BNY $0.082500 -
BlackRock New York Municipal Income Trust II BFY $0.083500 -
The BlackRock New York Investment Quality Municipal Trust, Inc. RNY $0.073000 -
BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.074000 -
BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.072500 -
BlackRock MuniYield New Jersey Quality Fund, Inc. MJI $0.072000 -
BlackRock New Jersey Municipal Bond Trust BLJ $0.078000 -
BlackRock New Jersey Municipal Income Trust BNJ $0.079100 -
The BlackRock New Jersey Investment Quality Municipal Trust RNJ $0.065500 -
BlackRock MuniYield Arizona Fund, Inc. MZA $0.069500 -
BlackRock MuniYield Michigan Quality Fund II, Inc. MYM $0.071500 -
BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.076500 -
BlackRock MuniYield Pennsylvania Quality Fund MPA $0.076500 -
The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.076000 -
BlackRock Virginia Municipal Bond Trust BHV $0.083000 -
Massachusetts Health & Education Tax-Exempt Trust MHE $0.070000 -
           
 

Taxable Municipal Fund:

 

Declaration- 6/1/2011 Ex-Date- 6/13/2011 Record- 6/15/2011 Payable- 6/30/2011

Fund Ticker Dividend

Change From

Prior

Dividend

BlackRock Build America Bond Trust BBN $0.118300 -
           
 

Taxable Funds:

 

Declaration- 6/1/2011 Ex-Date- 6/13/2011 Record- 6/15/2011 Payable- 6/30/2011

Fund Ticker Dividend

Change From

Prior

Dividend

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 $0.067000 -
BlackRock Defined Opportunity Credit Trust BHL $0.066000 -
The BlackRock High Yield Trust* BHY $0.043500 -
The BlackRock Income Trust, Inc. BKT $0.036500 $0.010000
BlackRock Limited Duration Income Trust BLW $0.102500 $0.002500
BlackRock Income Opportunity Trust, Inc. BNA $0.051000 -
BlackRock Credit Allocation Income Trust III BPP $0.054000 -
BlackRock Credit Allocation Income Trust IV BTZ $0.069000 -
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 $0.027000 -
BlackRock Diversified Income Strategies Fund, Inc.* DVF $0.058500 -$0.005000
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 $0.073000 -$0.002000
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 $0.085000 -
BlackRock Credit Allocation Income Trust I, Inc. PSW $0.049500 -
BlackRock Credit Allocation Income Trust II, Inc. PSY $0.053500 -
           
 

Equity Funds:

 

Declaration- 6/1/2011 Ex-Date- 6/13/2011 Record- 6/15/2011 Payable- 6/30/2011

Fund Ticker Dividend

Change From

Prior

Dividend

BlackRock Real Asset Equity Trust* BCF $0.271800 -
BlackRock Enhanced Equity Dividend Trust* BDJ $0.170000 -$0.075000
BlackRock Strategic Equity Dividend Trust* BDT $0.162500 -
BlackRock Equity Dividend Trust* BDV $0.162500 -
BlackRock Energy and Resources Trust* BGR $0.405000 -
BlackRock International Growth and Income Trust* BGY $0.340000 -
BlackRock Health Sciences Trust* BME $0.384375 -
BlackRock EcoSolutions Investment Trust* BQR $0.235000 -$0.065000
BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.360000 -$0.125000

* 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 2011 will be made after the end of the year.

The BlackRock Enhanced Government Fund, Inc. (NYSE:EGF), BlackRock Real Asset Equity Trust (NYSE:BCF), BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ), BlackRock Strategic Equity Dividend Trust (NYSE: BDT), BlackRock Equity Dividend Trust (NYSE:BDV), BlackRock Energy and Resources Trust (NYSE:BGR), BlackRock International Growth and Income Trust (NYSE:BGY), BlackRock Health Sciences Trust (NYSE:BME), BlackRock EcoSolutions Investment Trust (NYSE:BQR) and BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) (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. If sufficient investment income is not available on a quarterly/monthly basis, the Trusts will distribute long-term capital gains and or return capital to their shareholders in order to maintain a level distribution.

The Trusts’ estimated sources of the distributions paid currently and for their current fiscal year through March 31, 2011 and May 31, 2011 are as follows:

Estimated Allocations as of May 31, 2011
Trust     Distribution     Net Investment Income     Net Realized Short-Term Gains     Net Realized Long-Term Gains     Return of Capital
EGF 1     $0.080000     $0.056591 (71%)     $0 (0%)     $0 (0%)     $0.023409 (29%)
                   
 
Estimated Allocations as of March 31, 2011
Trust     Distribution     Net Investment Income     Net Realized Short-Term Gains     Net Realized Long-Term Gains     Return of Capital
BCF 1     $0.271800     $0.023436 (9%)     $0 (0%)     $0 (0%)     $0.248364 (91%)
BDJ 1     $0.245000     $0.043719 (18%)     $0 (0%)     $0 (0%)     $0.201281 (82%)
BDT 1     $0.162500     $0.064146 (39%)     $0 (0%)     $0 (0%)     $0.098354 (61%)
BDV 1     $0.162500     $0.063787 (39%)     $0 (0%)     $0 (0%)     $0.098713 (61%)
BGR 1     $0.405000     $0.022080 (5%)     $0.202719 (50%)     $0.163847 (41%)     $0.016354 (4%)
BGY 1     $0.340000     $0.010773 (3%)     $0 (0%)     $0 (0%)     $0.329227 (97%)
BME     $0.384375     $0 (0%)     $0.384375 (100%)     $0 (0%)     $0 (0%)
BQR 1     $0.300000     $0 (0%)     $0 (0%)     $0 (0%)     $0.300000 (100%)
CII 1     $0.485000     $0.077433 (16%)     $0 (0%)     $0 (0%)     $0.407567 (84%)
 
 
Estimated Allocations for the fiscal year through May 31, 2011
Trust     Distribution     Net Investment Income     Net Realized Short-Term Gains     Net Realized Long-Term Gains     Return of Capital
EGF 1     $0.320000     $0.252264 (79%)     $0 (0%)     $0 (0%)     $0.067736 (21%)
 
 
Estimated Allocations for the fiscal year through March 31, 2011
Trust     Distribution     Net Investment Income     Net Realized Short-Term Gains     Net Realized Long-Term Gains     Return of Capital
BCF 1     $0.543600     $0.027539 (5%)     $0 (0%)     $0 (0%)     $0.516061 (95%)
BDJ 1     $0.490000     $0.071362 (15%)     $0 (0%)     $0 (0%)     $0.418638 (85%)
BDT 1     $0.325000     $0.114725 (35%)     $0 (0%)     $0 (0%)     $0.210275 (65%)
BDV 1     $0.325000     $0.102213 (31%)     $0 (0%)     $0 (0%)     $0.222787 (69%)
BGR 1     $0.810000     $0.041851 (5%)     $0.202719 (25%)     $0.163847 (20%)     $0.401583 (50%)
BGY 1     $0.680000     $0.019335 (3%)     $0 (0%)     $0 (0%)     $0.660665 (97%)
BME     $1.468750     $0 (0%)     $1.117916 (76%)     $0.350834 (24%)     $0 (0%)
BQR 1     $0.600000     $0.003015 (1%)     $0 (0%)     $0 (0%)     $0.596985 (99%)
CII 1     $0.970000     $0.162336 (17%)     $0 (0%)     $0 (0%)     $0.807664 (83%)

1 The Trust estimates that it has distributed more than its income and net realized 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 the 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. Each Trust in which you are invested 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)

for the 5-year

period ending on

04/30/2011

   

Annualized current

distribution rate

expressed as a

percentage of NAV as

of 04/30/2011

   

Cumulative total return

(in relation to NAV) for

the fiscal year through

04/30/2011

   

Cumulative fiscal

year distributions as

a percentage of

NAV as of

04/30/2011

BCF *     11.45%     6.96%     20.68%     3.48%
BDJ     1.15%     11.25%     10.85%     5.63%
BDT     2.06%     5.31%     13.92%     2.66%
BDV     1.01%     5.90%     13.61%     2.95%
BGR     9.35%     4.93%     30.56%     2.46%
BGY *     (0.35)%     12.55%     9.86%     6.27%
BME     10.15%     5.16%     15.66%     4.93%
BQR *     (3.33)%     10.81%     9.97%     5.41%
CII     5.86%     12.74%     11.87%     6.37%
EGF     4.96%     5.85%     1.68%     1.46%
               

* Portfolio launched within the past 5 years; this represents the average annual total return (in relation to NAV) from inception to April 30, 2011.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs