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

BY Business Wire | 06/01/11 - 06:47 PM EDT

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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%)

¹The 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.

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