This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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 International Growth and Income Trust (NYSE:BGY) announced a dividend reduction. This dividend reduction takes into account the Fund’s relatively high previous distribution level, the current level of the Fund’s net assets and current and projected levels of dividend income, option premiums and volatility in the market.

Municipal Funds:

Declaration- 3/1/2012        

Ex-Date- 3/13/2012

     

Record- 3/15/2012

      Payable- 4/2/2012
                 
Change From
National Funds Ticker Dividend Prior
Dividend
BlackRock Municipal Income Quality Trust BYM $0.078000 $0.001000
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 $0.066000 $0.001500
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 $0.085000 $0.001500
BlackRock Municipal Income Investment Trust BBF $0.075375 -
BlackRock Municipal 2018 Term Trust BPK $0.078000 -
BlackRock MuniEnhanced Fund, Inc. MEN $0.058000 $0.001000
BlackRock MuniHoldings Fund II, Inc. MUH $0.083000 $0.001500
BlackRock MuniHoldings Fund, Inc. MHD $0.091500 $0.001000
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 $0.091000 $0.002500
BlackRock MuniVest Fund, Inc. MVF $0.059000 -
BlackRock MuniYield Fund, Inc. MYD $0.083500 $0.001000
BlackRock MuniYield Quality Fund III, Inc. MYI $0.072000 -
BlackRock MuniYield Investment Quality Fund MFT $0.071000 -
BlackRock MuniYield Investment Fund MYF $0.079000 $0.001500
BlackRock MuniYield Quality Fund II, Inc. MQT $0.069500 $0.001500
BlackRock MuniYield Quality Fund, Inc. MQY $0.080000 $0.003000
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 $0.077700 $0.002000
BlackRock California Municipal 2018 Term Trust BJZ $0.072000 -
BlackRock MuniHoldings California Quality Fund, Inc. MUC $0.079000 $0.002500
BlackRock MuniYield California Fund, Inc. MYC $0.079000 -
BlackRock MuniYield California Quality Fund, Inc. MCA $0.076000 $0.002500
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 $0.062500 $0.001500
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 $0.074000 $0.001500
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- 3/1/2012      

Ex-Date- 3/13/2012

     

Record- 3/15/2012

      Payable- 3/30/2012
                 
Change From
Fund Ticker Dividend Prior
Dividend
BlackRock Build America Bond Trust BBN $0.131800 $0.002000
 

Taxable Funds:

Declaration- 3/1/2012      

Ex-Date- 3/13/2012

     

Record- 3/15/2012

      Payable- 3/30/2012
                 
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 -
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 -
 

Equity Funds:

Declaration- 3/1/2012      

Ex-Date- 3/13/2012

     

Record- 3/15/2012

    Payable- 3/30/2012
                 
Change From
Fund Ticker Dividend Prior
Dividend
BlackRock Real Asset Equity Trust* BCF $0.271800 -
BlackRock Enhanced Equity Dividend Trust* BDJ $0.170000 -
BlackRock Energy and Resources Trust* BGR $0.405000 -
BlackRock International Growth and Income Trust* BGY $0.220000 -$0.120000
BlackRock Health Sciences Trust* BME $0.384375 -
BlackRock EcoSolutions Investment Trust* BQR $0.235000 -
BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.360000 -
BlackRock Resources & Commodities Strategy Trust* BCX $0.350000 -

* 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 2012 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 Resources & Commodities Strategy Trust (NYSE:BCX), BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ), 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 December 30, 2011 and February 29, 2012 are as follows:

Estimated Allocations as of February 29, 2012                
Trust       Distribution       Net Investment Income       Net Realized Short-Term Gains       Net Realized Long-Term Gains       Return of Capital
EGF       $ 0.070000       $0.070000 (100%)       $0 (0%)       $0 (0%)       $0 (0%)
                             
Estimated Allocations as of December 30, 2011                
Trust       Distribution       Net Investment Income       Net Realized Short-Term Gains       Net Realized Long-Term Gains       Return of Capital
BCF 1       $0.271800       $0.022108 (8%)       $0.135224 (50%)       $0.024893 (9%)       $0.089575 (33%)
BCX 1       $0.350000       $0.026064 (7%)       $0 (0%)       $0 (0%)       $0.323936 (93%)
BDJ 1       $0.170000       $0.043753 (26%)       $0 (0%)       $0 (0%)       $0.126247 (74%)
BGR 1       $0.553000       $0.021416 (4%)       $0.148000 (27%)       $0 (0%)       $0.383584 (69%)
BGY 1       $0.340000       $0.028827 (8%)       $0 (0%)       $0 (0%)       $0.311173 (92%)
BME       $1.347375       $0.009705 (1%)       $0.963000 (71%)       $0.374670 (28%)       $0 (0%)
BQR 1       $0.235000       $0.016853 (7%)       $0 (0%)       $0 (0%)       $0.218147 (93%)
CII 1       $0.360000       $0.073142 (20%)       $0 (0%)       $0 (0%)       $0.286858 (80%)
 
Estimated Allocations for the fiscal year through February 29, 2012        
Trust       Distribution       Net Investment Income       Net Realized Short-Term Gains       Net Realized Long-Term Gains       Return of Capital
EGF       $ 0.070000       $0.070000 (100%)       $0 (0%)       $0 (0%)       $0 (0%)
 
Estimated Allocations for the fiscal year through December 30, 2011        
Trust       Distribution       Net Investment Income       Net Realized Short-Term Gains       Net Realized Long-Term Gains       Return of Capital
BCF 1       $0.271800       $0.022108 (8%)       $0.135224 (50%)       $0.024893 (9%)       $0.089575 (33%)
BCX 1       $0.350000       $0.026064 (7%)       $0 (0%)       $0 (0%)       $0.323936 (93%)
BDJ 1       $0.170000       $0.043753 (26%)       $0 (0%)       $0 (0%)       $0.126247 (74%)
BGR 1       $0.553000       $0.021416 (4%)       $0.148000 (27%)       $0 (0%)       $0.383584 (69%)
BGY 1       $0.340000       $0.028827 (8%)       $0 (0%)       $0 (0%)       $0.311173 (92%)

 BME

      $1.347375       $0.009705 (1%)       $0.963000 (71%)       $0.374670 (28%)       $0 (0%)
BQR 1       $0.235000       $0.016853 (7%)       $0 (0%)       $0 (0%)       $0.218147 (93%)
CII 1       $0.360000       $0.073142 (20%)       $0 (0%)       $0 (0%)       $0.286858 (80%)

1 The 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 01/31/2012

      Annualized current distribution rate expressed as a percentage of NAV as of 01/31/2012       Cumulative total return (in relation to NAV) for the fiscal year through 01/31/2012       Cumulative fiscal year distributions as a percentage of NAV as of 01/31/2012
BCF       4.82%       8.67%       3.19%       2.17%
BCX 2       (7.02)%       8.36%       2.02%       2.09%
BDJ       (0.78)%       8.25%       5.04%       2.06%
BGR       6.58%       5.85%       (0.10)%       2.00%
BGY 2       (2.74)%       15.93%       2.48%       3.98%
BME       7.26%       5.76%       5.32%       5.04%
BQR 2       (4.76)%       10.04%       2.65%       2.51%
CII       3.13%       10.07%       6.04%       2.52%
EGF       4.82%       5.16%       0.12%       0.43%

2 Portfolio launched within the past 5 years; this represents the average annual total return (in relation to NAV) from inception to January 31, 2012.

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 December 31, 2011, BlackRock’s AUM was $3.513 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 December 31, 2011, the firm has approximately 10,100 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 BlackRock's website at www.blackrock.com.

Forward-Looking Statements

This press release, and other statements that BlackRock or the Funds may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Funds’ or 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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs