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Certain BlackRock Closed-End Funds Announce Estimated Sources Of Distributions

Today, 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), BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII) and BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) (collectively, the “Funds”) paid the following dividends per share:

           
Fund       Pay Date       Per Share
BCF       March 30, 2012       $0.271800
BCX       March 30, 2012       $0.350000
BDJ       March 30, 2012       $0.170000
BGR       March 30, 2012       $0.405000
BGY       March 30, 2012       $0.220000
BME       March 30, 2012       $0.384375
BQR       March 30, 2012       $0.235000
CII       March 30, 2012       $0.360000
EGF       March 30, 2012       $0.070000
 

Each of the Funds 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 each Fund’s Board of Trustees. Under its Plan, each Fund 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 Funds will distribute long-term capital gains and/or return capital to their shareholders in order to maintain a level distribution.

The Funds’ estimated sources of the distributions paid this month and for their current fiscal years are as follows:

Estimated Allocations as of March 30, 2012            
Fund     Distribution    

Net Investment

Income

   

Net Realized

Short-Term Gains

   

Net Realized

Long-Term Gains

    Return of Capital
BCF 1     $0.271800     $0.029998 (11%)     $0 (0%)     $0 (0%)     $0.241802 (89%)
BCX 1     $0.350000     $0.026080 (7%)     $0 (0%)     $0 (0%)     $0.323920 (93%)
BDJ 1     $0.170000     $0.027244 (16%)     $0 (0%)     $0 (0%)     $0.142756 (84%)
BGR     $0.405000     $0.025408 (6%)     $0.379592 (94%)     $0 (0%)     $0 (0%)
BGY 1     $0.220000     $0.012227 (6%)     $0 (0%)     $0 (0%)     $0.207773 (94%)
BME     $0.384375     $0.046570 (12%)     $0.337805 (88%)     $0 (0%)     $0 (0%)
BQR 1     $0.235000     $0 (0%)     $0 (0%)     $0 (0%)     $0.235000 (100%)
CII 1     $0.360000     $0.163700 (45%)     $0 (0%)     $0 (0%)     $0.196300 (55%)
EGF     $0.070000     $0.07 (100%)     $0 (0%)     $0 (0%)     $0 (0%)
                   
Estimated Allocations for the fiscal year through March 30, 2012
Fund     Distribution    

Net Investment

Income

   

Net Realized

Short-Term Gains

   

Net Realized

Long-Term Gains

    Return of Capital
BCF 1     $0.543600     $0.045224 (8%)     $0.001253 (1%)     $0.060823 (11%)     $0.436300 (80%)
BCX 1     $0.700000     $0.050165 (7%)     $0 (0%)     $0 (0%)     $0.649835 (93%)
BDJ 1     $0.340000     $0.039024 (11%)     $0 (0%)     $0 (0%)     $0.300976 (89%)
BGR     $0.958000     $0.066775 (7%)     $0.891225 (93%)     $0 (0%)     $0 (0%)
BGY 1     $0.560000     $0.033645 (6%)     $0 (0%)     $0 (0%)     $0.526355 (94%)
BME     $1.731750     $0.060598 (3%)     $0.463110 (27%)     $1.208042 (70%)     $0 (0%)
BQR 1     $0.470000     $0.014366 (3%)     $0 (0%)     $0 (0%)     $0.455634 (97%)
CII 1     $0.720000     $0.236842 (33%)     $0 (0%)     $0 (0%)     $0.483158 (67%)
EGF     $0.140000     $0.14 (100%)     $0 (0%)     $0 (0%)     $0 (0%)
                   

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

 

Cumulative total

Cumulative fiscal

relation to NAV) for

Annualized current

return (in relation

year distributions

the 5-year period

distribution rate expressed

to NAV) for the

as a percentage of

ending on

as a percentage of NAV

fiscal year through

NAV as of
Fund     2/29/2012    

as of 2/29/2012

    2/29/2012     2/29/2012
BCF     5.09%     8.41%     6.31%     2.10%
BCX *     (3.94)%     8.16%     4.52%     2.04%
BDJ     0.05%     8.05%     7.72%     2.01%
BGR     7.27%     5.57%     4.94%     1.90%
BGY *     (1.99)%     9.95%     6.08%     3.85%
BME     8.02%     5.68%     6.78%     4.98%
BQR *     (4.02)%     9.74%     5.83%     2.41%
CII     3.88%     9.82%     8.78%     2.45%
EGF     4.76%     5.16%     0.33%     0.43%

* Portfolio launched within the past 5 years; this represents the average annual total return (in relation to NAV) from inception to 2/29/2012.

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