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

Declaration- 11/1/2011 Ex-Date- 11/11/2011 Record- 11/15/2011 Payable- 11/30/2011

                Change From
Fund Ticker Dividend Prior
Dividend
BlackRock Global Opportunities Equity Trust* BOE $0.568750 -
BlackRock S&P Quality Rankings Global Equity Managed Trust* BQY $0.250000 -

* 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), BlackRock Global Opportunities Equity Trust (NYSE:BOE) and BlackRock S&P Quality Rankings Global Equity Managed Trust (NYSE AMEX:BQY) (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 Trust will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.

The Trusts’ estimated sources of the distributions paid as of October 31, 2011 or August 31, 2011, as applicable, and for their current fiscal year are as follows:

Estimated Allocations as of October 31, 2011            
        Net Investment     Net Realized Short-     Net Realized    
Trust     Distribution     Income     Term Gains     Long-Term Gains     Return of Capital
EGF 1     $0.070000     $0.057443 (82%)     $0 (0%)     $0 (0%)     $0.012557 (18%)
 
Estimated Allocations as of August 31, 2011            
Net Investment Net Realized Short- Net Realized
Trust     Distribution     Income     Term Gains     Long-Term Gains     Return of Capital
BOE 1     $0.568750     $0.030367 (5%)     $0 (0%)     $0 (0%)     $0.538383 (95%)
BQY     $0.250000     $0.099401 (40%)     $0.148918 (59%)     $0.001681 (1%)     $0 (0%)
 
Estimated Allocations for the fiscal year through October 31, 2011      
Net Investment Net Realized Net Realized Long-
Trust     Distribution     Income     Short-Term Gains Term Gains     Return of Capital
EGF 1     $0.710000     $0.561337 (79%)     $0 (0%) $0 (0%)     $0.148663 (21%)
 
Estimated Allocations for the fiscal year through August 31, 2011      
Net Investment Net Realized Net Realized Long-
Trust     Distribution     Income     Short-Term Gains Term Gains     Return of Capital
BOE 1     $2.275000     $0.149897 (7%)     $0 (0%) $0 (0%)     $2.125103 (93%)
BQY     $1.000000     $0.300154 (30%)     $0.421525 (42%) $0.278321 (28%)     $0 (0%)

1 The Trust 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 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. The Trust 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:            
               

 

Average annual total Annualized current Cumulative total

Cumulative fiscal

return (in relation distribution rate return (in relation

year distributions as

to NAV) for the 5- expressed as a to NAV) for the a percentage of
year period ending percentage of NAV as fiscal year through NAV as of
Trust     on 09/30/2011     of 09/30/2011     09/30/2011     09/30/2011
EGF     4.86%     5.13%     3.94%     3.91%
BOE     0.74%     15.63%     7.26%     15.63%
BQY     (0.27)%     7.92%     6.98%     7.92%

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

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2011, BlackRock’s AUM was $3.345 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 September 30, 2011, the firm has approximately 10,200 employees in 27 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 Company'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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