Certain BlackRock closed-end funds (the “Funds”) announced distributions
today as detailed below.
BlackRock Global Opportunities Equity Trust (NYSE:BOE) 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.
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Municipal Funds:
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Declaration- 5/1/2012
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Ex-Date- 5/11/2012
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Record- 5/15/2012
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Payable- 6/1/2012
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National Funds
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Ticker
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Distribution
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ChangeFrom PriorDistribution
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BlackRock Municipal Income Quality Trust
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BYM
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$0.078000
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-
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BlackRock Municipal Income Investment Quality Trust
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BAF
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$0.074500
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-
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BlackRock Investment Quality Municipal Income Trust
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RFA
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$0.070000
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-
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BlackRock Long-Term Municipal Advantage Trust
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BTA
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$0.066000
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-
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BlackRock Muni Intermediate Duration Fund, Inc.
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MUI
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$0.071500
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-
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BlackRock MuniAssets Fund, Inc.
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MUA
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$0.062500
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-
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BlackRock Municipal Bond Trust
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BBK
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$0.088500
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-
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BlackRock Municipal Bond Investment Trust
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BIE
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$0.081000
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-
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BlackRock Municipal Income Trust
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BFK
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$0.080100
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-
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BlackRock Municipal Income Trust II
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BLE
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$0.085000
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-
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BlackRock Municipal Income Investment Trust
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BBF
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$0.075375
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-
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BlackRock Municipal 2018 Term Trust
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BPK
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$0.078000
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-
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BlackRock Municipal 2020 Term Trust
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BKK
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$0.062250
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-
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BlackRock MuniEnhanced Fund, Inc.
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MEN
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$0.058000
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-
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BlackRock MuniHoldings Fund II, Inc.
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MUH
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$0.083000
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-
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BlackRock MuniHoldings Fund, Inc.
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MHD
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$0.091500
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-
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BlackRock MuniHoldings Quality Fund II, Inc.
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MUE
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$0.073500
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-
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BlackRock MuniHoldings Quality Fund, Inc.
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MUS
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$0.074000
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-
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BlackRock MuniHoldings Investment Quality Fund
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MFL
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$0.076500
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-
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BlackRock MuniVest Fund II, Inc.
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MVT
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$0.091000
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-
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BlackRock MuniVest Fund, Inc.
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MVF
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$0.059000
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-
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BlackRock MuniYield Fund, Inc.
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MYD
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$0.083500
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-
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BlackRock MuniYield Quality Fund III, Inc.
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MYI
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$0.072000
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-
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BlackRock MuniYield Investment Quality Fund
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MFT
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$0.071000
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-
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BlackRock MuniYield Investment Fund
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MYF
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$0.079000
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-
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BlackRock MuniYield Quality Fund II, Inc.
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MQT
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$0.069500
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-
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BlackRock MuniYield Quality Fund, Inc.
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MQY
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$0.080000
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-
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The BlackRock Investment Quality Municipal Trust, Inc.
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BKN
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$0.084000
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-
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The BlackRock Strategic Municipal Trust
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BSD
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$0.074000
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-
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State-Specific Funds
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Ticker
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Distribution
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ChangeFrom PriorDistribution
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BlackRock California Municipal Income Trust
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BFZ
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$0.077700
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-
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BlackRock California Municipal 2018 Term Trust
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BJZ
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$0.072000
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-
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BlackRock MuniHoldings California Quality Fund, Inc.
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MUC
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$0.079000
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-
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BlackRock MuniYield California Fund, Inc.
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MYC
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$0.079000
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-
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BlackRock MuniYield California Quality Fund, Inc.
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MCA
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$0.076000
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-
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BlackRock Maryland Municipal Bond Trust
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BZM
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$0.079000
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-
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BlackRock Muni New York Intermediate Duration Fund, Inc.
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MNE
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$0.062500
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-
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BlackRock MuniHoldings New York Quality Fund, Inc.
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MHN
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$0.079500
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-
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BlackRock MuniYield New York Quality Fund, Inc.
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MYN
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$0.071000
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-
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BlackRock New York Municipal 2018 Term Trust, Inc.
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BLH
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$0.082000
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-
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BlackRock New York Municipal Income Quality Trust
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BSE
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$0.071500
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-
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BlackRock New York Municipal Bond Trust
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BQH
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$0.082000
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-
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BlackRock New York Municipal Income Trust
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BNY
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$0.082500
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-
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BlackRock New York Municipal Income Trust II
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BFY
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$0.083500
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-
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The BlackRock New York Investment Quality Municipal Trust, Inc.
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RNY
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$0.073000
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-
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BlackRock MuniHoldings New Jersey Quality Fund, Inc.
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MUJ
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$0.074000
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-
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BlackRock MuniYield New Jersey Fund, Inc.
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MYJ
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$0.074000
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-
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BlackRock MuniYield New Jersey Quality Fund, Inc.
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MJI
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$0.072000
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-
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BlackRock New Jersey Municipal Bond Trust
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BLJ
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$0.078000
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-
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BlackRock New Jersey Municipal Income Trust
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BNJ
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$0.079100
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-
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The BlackRock New Jersey Investment Quality Municipal Trust
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RNJ
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$0.065500
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-
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BlackRock MuniYield Arizona Fund, Inc.
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MZA
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$0.069500
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-
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BlackRock MuniYield Michigan Quality Fund II, Inc.
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MYM
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$0.071500
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-
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BlackRock MuniYield Michigan Quality Fund, Inc.
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MIY
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$0.076500
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-
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BlackRock MuniYield Pennsylvania Quality Fund
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MPA
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$0.076500
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-
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The BlackRock Pennsylvania Strategic Municipal Trust
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BPS
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$0.076000
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-
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BlackRock Virginia Municipal Bond Trust
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BHV
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$0.083000
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-
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Massachusetts Health & Education Tax-Exempt Trust
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MHE
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$0.070000
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-
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Taxable Municipal Fund:
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Declaration- 5/1/2012
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Ex-Date- 5/11/2012
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Record- 5/15/2012
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Payable- 5/31/2012
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Fund
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Ticker
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Distribution
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ChangeFrom PriorDistribution
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BlackRock Build America Bond Trust
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BBN
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$0.131800
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-
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Taxable Funds:
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Declaration- 5/1/2012
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Ex-Date- 5/11/2012
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Record- 5/15/2012
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Payable- 5/31/2012
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Fund
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Ticker
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Distribution
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ChangeFrom PriorDistribution
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BlackRock Senior High Income Fund, Inc.
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ARK
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$0.025000
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-
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BlackRock Floating Rate Income Trust
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BGT
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$0.077500
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-
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BlackRock Strategic Bond Trust
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BHD
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$0.084500
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-
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BlackRock Core Bond Trust
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BHK
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$0.067000
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-
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BlackRock Defined Opportunity Credit Trust
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BHL
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$0.066000
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-
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The BlackRock High Yield Trust
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BHY
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$0.043500
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-
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The BlackRock Income Trust, Inc.
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BKT
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$0.040500
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-
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BlackRock Limited Duration Income Trust
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BLW
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$0.105000
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-
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BlackRock Income Opportunity Trust, Inc.
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BNA
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$0.053000
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-
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BlackRock Credit Allocation Income Trust III
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BPP
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$0.063500
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-
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BlackRock Credit Allocation Income Trust IV
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BTZ
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$0.078500
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-
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BlackRock Corporate High Yield Fund, Inc.
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COY
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$0.051000
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-
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BlackRock Corporate High Yield Fund III, Inc.
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CYE
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$0.051000
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-
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BlackRock Debt Strategies Fund, Inc.
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DSU
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$0.027000
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-
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BlackRock Diversified Income Strategies Fund, Inc.*
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DVF
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$0.058500
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-
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BlackRock Enhanced Government Fund, Inc.*
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EGF
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$0.070000
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-
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BlackRock Floating Rate Income Strategies Fund, Inc.
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FRA
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$0.077000
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-
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BlackRock Floating Rate Income Strategies Fund II, Inc.
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FRB
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$0.073000
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-
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BlackRock High Income Shares
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HIS
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$0.014200
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-
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BlackRock Corporate High Yield Fund VI, Inc.
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HYT
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$0.083500
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-
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BlackRock Corporate High Yield Fund V, Inc.
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HYV
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$0.086000
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-
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BlackRock Credit Allocation Income Trust I, Inc.
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PSW
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$0.059500
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-
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BlackRock Credit Allocation Income Trust II, Inc.
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PSY
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$0.061000
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-
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Equity Funds:
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Declaration- 5/1/2012
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Ex-Date- 5/11/2012
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Record- 5/15/2012
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Payable- 5/31/2012
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Fund
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Ticker
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Dividend
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ChangeFrom PriorDistribution
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BlackRock Global Opportunities Equity Trust*
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BOE
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$0.410000
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-$0.158750
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BlackRock S&P Quality Rankings Global Equity Managed Trust*
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BQY
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$0.250000
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-
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BlackRock Utility and Infrastructure Trust*
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BUI
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$0.362500
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-
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* 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.
BlackRock Enhanced Government Fund, Inc. (NYSE:EGF), BlackRock Global
Opportunities Equity Trust (NYSE:BOE), BlackRock S&P Quality Rankings
Global Equity Managed Trust (NYSE AMEX:BQY) and BlackRock Utility and
Infrastructure Trust (NYSE:BUI) (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 April 30,
2012 or February 29, 2012, as applicable, and for their current fiscal
year are as follows:
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Estimated Allocations as of April 30, 2012
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Trust
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Distribution
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Net InvestmentIncome
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Net RealizedShort-Term Gains
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Net RealizedLong-Term Gains
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Return of Capital
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EGF
1
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$0.070000
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$0.058935 (84%)
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$0 (0%)
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$0 (0%)
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$0.011065 (16%)
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Estimated Allocations as of February 29, 2012
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Trust
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Distribution
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Net InvestmentIncome
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Net RealizedShort-Term Gains
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Net RealizedLong-Term Gains
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Return of Capital
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BOE
1
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$0.568750
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$0.015771 (3%)
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$0 (0%)
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$0 (0%)
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$0.552979 (97%)
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BQY
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$0.250000
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$0.046933 (19%)
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$0.085811 (34%)
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$0.117256 (47%)
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$0 (0%)
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BUI
1
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$0.362500
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$0.074969 (21%)
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$0.006030 (2%)
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$0 (0%)
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$0.281501 (77%)
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Estimated Allocations for the fiscal year through April 30, 2012
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Trust
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Distribution
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Net InvestmentIncome
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Net RealizedShort-Term Gains
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Net RealizedLong-Term Gains
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Return of Capital
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EGF
1
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$0.210000
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$0.198935 (95%)
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$0 (0%)
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$0 (0%)
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$0.011065 (5%)
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Estimated Allocations for the fiscal year through February 29,
2012
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Trust
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Distribution
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Net InvestmentIncome
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Net RealizedShort-Term Gains
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Net RealizedLong-Term Gains
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Return of Capital
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BOE
1
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$1.137500
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$0.034400 (3%)
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$0 (0%)
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$0 (0%)
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$1.103100 (97%)
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BQY
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$0.770000
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$0.067900 (9%)
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$0.572900 (74%)
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$0.129200 (17%)
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$0 (0%)
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BUI
1
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$0.362500
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$0.074969 (21%)
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$0.006030 (2%)
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$0 (0%)
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$0.281501 (77%)
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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.
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Trust Performance and Distribution Rate Information:
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Trust
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Average annual totalreturn (in relation toNAV) for the
5-yearperiod ending on03/31/2012
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Annualized currentdistribution rateexpressed as apercentage
of NAV as of03/31/2012
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Cumulative total return(in relation to NAV) forthe
fiscal year through03/31/2012
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Cumulative fiscalyear distributionsas a percentageof
NAV as of03/31/2012
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EGF
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4.68%
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5.20%
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0.23%
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0.87%
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BOE
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1.65%
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14.36%
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6.98%
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7.18%
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BQY
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0.48%
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7.34%
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7.66%
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5.65%
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BUI *
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18.14%
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7.33%
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5.97%
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1.83%
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* Portfolio launched within the past 5 years; this represents the
average annual total return (in relation to NAV) from inception to
03/31/2012.