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, BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) announced a dividend reduction. Generally, this dividend reduction was made in order to better align EGF’s distribution with its current and projected earnings rate, in light of the current market environment for government securities.

Municipal Funds:

Declaration- 10/3/2011

Ex-Date- 10/12/2011

Record- 10/14/2011

Payable- 11/1/2011

National Funds					Ticker					Dividend					Change FromPriorDividend
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					$0.064500					$0.002000
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 FromPriorDividend
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- 10/3/2011

Ex-Date- 10/12/2011

Record- 10/14/2011

Payable- 10/31/2011

Fund

Ticker

Dividend

Change FromPriorDividend

BlackRock Build America Bond Trust

BBN

$0.129800

$0.011500

Taxable Funds:

Declaration- 10/3/2011

Ex-Date- 10/12/2011

Record- 10/14/2011

Payable- 10/31/2011

Fund					Ticker					Dividend					Change FromPriorDividend
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					-
BlackRock Limited Duration Income Trust					BLW					$0.102500					-
BlackRock Income Opportunity Trust, Inc.					BNA					$0.053000					$0.002000
BlackRock Credit Allocation Income Trust III					BPP					$0.061500					$0.007500
BlackRock Credit Allocation Income Trust IV					BTZ					$0.076500					$0.007500
BlackRock Corporate High Yield Fund, Inc.					COY					$0.051000					-
BlackRock Corporate High Yield Fund III, Inc.					CYE					$0.051000					$0.001000
BlackRock Debt Strategies Fund, Inc.					DSU					$0.027000					-
BlackRock Diversified Income Strategies Fund, Inc.					DVF					$0.058500					-
BlackRock Enhanced Government Fund, Inc.*					EGF					$0.070000					-$0.010000
BlackRock Floating Rate Income Strategies Fund, Inc.					FRA					$0.077000					-
BlackRock Floating Rate Income Strategies Fund II, Inc.					FRB					$0.073000					-
BlackRock High Income Shares					HIS					$0.014200					-
BlackRock Corporate High Yield Fund VI, Inc.					HYT					$0.083500					$0.001000
BlackRock Corporate High Yield Fund V, Inc.					HYV					$0.086000					$0.001000
BlackRock Credit Allocation Income Trust I, Inc.					PSW					$0.059500					$0.010000
BlackRock Credit Allocation Income Trust II, Inc.					PSY					$0.061000					$0.007500

* 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.

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) (“EGF”) has adopted a level distribution plan (the “Plan”) and employs 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 EGF’s Board. Under its Plan, EGF 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, EGF will distribute long-term capital gains and or return capital to its shareholders in order to maintain a level distribution.

EGF’s estimated sources of the distributions paid as of September 30, 2011 are as follows:

Estimated Allocations as of September 30, 2011

Fund

Distribution

Net Investment Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

EGF 1

$0.080000

$0.069243 (87%)

$0 (0%)

$0 (0%)

$0.010757 (13%)

Estimated Allocations for the fiscal year through September 30, 2011

Fund

Distribution

Net Investment Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

EGF 1

$0.640000

$0.503894 (79%)

$0 (0%)

$0 (0%)

$0.136106 (21%)

¹ The Fund 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 Fund’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 EGF’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. EGF 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.

Fund Performance and Distribution Rate Information:

Trust

Average annual total return (in relation to NAV) for the 5-year period ending on 08/31/2011

Annualized current distribution rate expressed as a percentage of NAV as of 08/31/2011

Cumulative total return (in relation to NAV) for the fiscal year through 08/31/2011

Cumulative fiscal year distributions as a percentage of NAV as of 08/31/2011

EGF

4.76%

5.90%

2.77%

3.44%

Shareholders should not draw any conclusions about EGF’s investment performance from the amount of EGF’s current distributions or from the terms of EGF’s Plan.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2011, BlackRock’s AUM was $3.659 trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares ^® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions ^® . Headquartered in New York City, as of June 30, 2011, the firm has approximately 9,700 employees in 26 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the firm’s website at www.blackrock.com.

Forward-Looking Statements

This press release, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

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