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

Certain BlackRock closed-end funds (the “Funds”) announced distributions and special distributions today as detailed below.

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

Monthly Distributions

Municipal Funds:

Declaration- 12/5/2011     Ex-Date- 12/13/2011       Record- 12/15/2011       Payable- 12/30/2011
                 
Change From
National Funds Ticker Dividend 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 $0.064500 -
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 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 -
                 
Change From
State-Specific Funds Ticker Dividend Prior
Dividend
BlackRock California Municipal Income Trust BFZ $0.075700 -
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 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- 12/5/2011       Ex-Date- 12/12/2011       Record- 12/14/2011       Payable- 12/19/2011
                Change From
Fund Ticker Dividend Prior
Dividend
BlackRock Build America Bond Trust BBN $0.129800 -

Taxable Funds:

Declaration- 12/5/2011     Ex-Date- 12/12/2011       Record- 12/14/2011       Payable- 12/19/2011
                  Change From
Fund Ticker Dividend 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 $0.040500 $0.004000
BlackRock Limited Duration Income Trust BLW $0.105000 $0.002500
BlackRock Income Opportunity Trust, Inc. BNA $0.053000 -
BlackRock Credit Allocation Income Trust III BPP $0.063500 $0.002000
BlackRock Credit Allocation Income Trust IV BTZ $0.078500 $0.002000
BlackRock Corporate High Yield Fund, Inc. COY $0.051000 -
BlackRock Corporate High Yield Fund III, Inc. CYE $0.051000 -
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 -
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 -
BlackRock Corporate High Yield Fund V, Inc. HYV $0.086000 -
BlackRock Credit Allocation Income Trust I, Inc. PSW $0.059500 -
BlackRock Credit Allocation Income Trust II, Inc. PSY $0.061000 -
 

Special Distributions

Declaration- 12/5/2011       Ex-Date- 12/13/2011       Record- 12/15/2011       Payable- 12/30/2011
           
Fund Ticker Per-Share Taxable Ordinary Income
BlackRock Municipal Bond Trust BBK $0.004151
BlackRock Municipal Income Trust BFK $0.000450
BlackRock California Municipal Income Trust BFZ $0.002137
BlackRock New Jersey Municipal Bond Trust BLJ $0.001207
BlackRock Long-Term Municipal Advantage Trust BTA $0.000049
BlackRock MuniHoldings Fund, Inc. MHD $0.004109
BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.015100
BlackRock MuniYield New Jersey Quality Fund, Inc. MJI $0.030402
BlackRock MuniYield Quality Fund II, Inc. MQT $0.002341
BlackRock MuniYield Quality Fund, Inc. MQY $0.001324
BlackRock MuniAssets Fund, Inc. MUA $0.003341
BlackRock MuniHoldings Fund II, Inc. MUH $0.003455
BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.001046
BlackRock MuniVest Fund, Inc. MVF $0.000241
BlackRock MuniVest Fund II, Inc. MVT $0.001180
BlackRock MuniYield Fund, Inc. MYD $0.000984
BlackRock MuniYield Quality Fund III, Inc. MYI $0.001634
BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.013674
BlackRock MuniYield Michigan Quality Fund II, Inc. MYM $0.017635
The BlackRock New Jersey Investment Quality Municipal Trust RNJ $0.001752
The BlackRock New York Investment Quality Municipal Trust, Inc. RNY $0.001263
 

* 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 November 30, 2011 are as follows:

Estimated Allocations as of November 30, 2011
            Net Investment       Net Realized       Net Realized Long-      
Fund       Distribution       Income       Short-Term Gains       Term Gains       Return of Capital
EGF 1       $0.070000       $0.05544 (79%)       $0 (0%)       $0 (0%)       $0.01456 (21%)
 

Estimated Allocations for the fiscal year through November 30, 2011

Net Investment Net Realized Net Realized Long-
Fund       Distribution       Income       Short-Term Gains       Term Gains       Return of Capital
EGF 1       $0.780000       $0.616777 (79%)       $0 (0%)       $0 (0%)       $0.163223 (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:
      Average annual                  
total return (in Annualized current Cumulative fiscal
relation to NAV) for distribution rate Cumulative total return year distributions
the 5-year period expressed as a (in relation to NAV) for as a percentage of
ending on percentage of NAV as the fiscal year through NAV as of
Trust       10/31/2011       of 10/31/2011       10/31/2011       10/31/2011
EGF       4.64%       5.18%       3.46%       4.38%
 

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 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 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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