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

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

Regular January Distributions

Taxable Municipal Fund:

Declaration- 12/20/2011

Ex-Date- 12/28/2011

Record- 12/30/2011

Payable- 1/9/2012

Fund			Ticker				Distribution				Change From Prior
											Distribution
BlackRock Build America Bond Trust			BBN				$0.129800				-

Taxable Funds:

Declaration- 12/20/2011

Ex-Date- 12/28/2011

Record- 12/30/2011

Payable- 1/9/2012

Fund			Ticker				Distribution				Change From Prior
											Distribution
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				-
BlackRock Limited Duration Income Trust			BLW				$0.105000				-
BlackRock Income Opportunity Trust, Inc.			BNA				$0.053000				-
BlackRock Credit Allocation Income Trust III			BPP				$0.063500				-
BlackRock Credit Allocation Income Trust IV			BTZ				$0.078500				-
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- 12/20/2011

Ex-Date- 12/28/2011

Record- 12/30/2011

Payable- 1/9/2012

Fund			Ticker				Special Distribution
BlackRock Senior High Income Fund, Inc.			ARK				$0.031000
BlackRock Floating Rate Income Trust			BGT				$0.165000
BlackRock Strategic Bond Trust			BHD				$0.070000
BlackRock Limited Duration Income Trust			BLW				$0.065000
BlackRock Corporate High Yield Fund III, Inc.			CYE				$0.024000
BlackRock High Income Shares			HIS				$0.031000
BlackRock Corporate High Yield Fund VI, Inc.			HYT				$0.023000
BlackRock Corporate High Yield Fund V, Inc.			HYV				$0.025000
BlackRock Credit Allocation Income Trust I, Inc.			PSW				$0.028000

* 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 distribution 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 distribution paid this month and for its current fiscal year are as follows:

Estimated Allocations as of 12/19/2011

Net Investment

Net Realized

Net Realized

Fund

Distribution

Income

Short-Term Gains

Long-Term Gains

Return of Capital

EGF 1

$0.070000

$0.05959 (85%)

$0.00 (0%)

$0.00 (0%)

$0.01041 (15%)

Estimated Allocations for the fiscal year through 12/19/2011

Net Investment

Net Realized

Net Realized

Fund

Distribution

Income

Short-Term Gains

Long-Term Gains

Return of Capital

EGF 1

$0.850000

$0.676367 (80%)

$0.00 (0%)

$0.00 (0%)

$0.173633 (20%)

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 total

Cumulative fiscal

relation to NAV) for

distribution rate

return (in relation

year distributions

the 5-year period

expressed as a

to NAV) for the

as a percentage of

ending on

percentage of NAV as

fiscal year through

NAV as of November

Fund

November 30, 2011

of November 30, 2011

November 30, 2011

30, 2011

EGF

4.55%

5.19%

3.68%

4.82%

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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