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Distribution Dates And 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 distribution increases. These distribution 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, several of the municipal Funds announced distribution reductions. Generally speaking, these distribution reductions were made in order to better align the Funds with their current earnings rates. BlackRock Municipal 2018 Term Trust (NYSE:BPK), BlackRock California Municipal 2018 Term Trust (NYSE:BJZ) and BlackRock New York Municipal 2018 Term Trust (NYSE:BLH) are each term trusts that mature on or about December 31, 2018. BPK, BJZ and BLH’s distribution reductions reflect each Fund’s projected earnings potential as well as its investment objective of returning $10 per common share (the initial public offering price per common share) to common shareholders at maturity.

Municipal Funds:

 

Declaration- 6/1/2012  Ex-Date- 6/13/2012  Record- 6/15/2012  Payable- 7/2/2012

             
National Funds Ticker Distribution Change From Prior

Distribution

BlackRock Municipal Income Quality Trust BYM $0.078000 -
BlackRock Municipal Income Investment Quality Trust BAF $0.072500 -$0.002000
BlackRock Long-Term Municipal Advantage Trust BTA $0.066000 -
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 -
BlackRock Municipal Income Investment Trust BBF $0.072375 -$0.003000
BlackRock Municipal 2018 Term Trust BPK $0.075800 -$0.002200
BlackRock MuniEnhanced Fund, Inc. MEN $0.058000 -
BlackRock MuniHoldings Fund II, Inc. MUH $0.083000 -
BlackRock MuniHoldings Fund, Inc. MHD $0.091500 -
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 -
BlackRock MuniVest Fund, Inc. MVF $0.059000 -
BlackRock MuniYield Fund, Inc. MYD $0.083500 -
BlackRock MuniYield Quality Fund III, Inc. MYI $0.072000 -
BlackRock MuniYield Investment Quality Fund MFT $0.071000 -
BlackRock MuniYield Investment Fund MYF $0.079000 -
BlackRock MuniYield Quality Fund II, Inc. MQT $0.069500 -
BlackRock MuniYield Quality Fund, Inc. MQY $0.080000 -
The BlackRock Investment Quality Municipal Trust, Inc. BKN $0.084000 -
The BlackRock Strategic Municipal Trust BSD $0.074000 -
 

State-Specific Funds

      Ticker     Distribution     Change From Prior

Distribution

BlackRock California Municipal Income Trust BFZ $0.077700 -
BlackRock California Municipal 2018 Term Trust BJZ $0.057500 -$0.014500
BlackRock MuniHoldings California Quality Fund, Inc. MUC $0.079000 -
BlackRock MuniYield California Fund, Inc. MYC $0.079000 -
BlackRock MuniYield California Quality Fund, Inc. MCA $0.076000 -
BlackRock Maryland Municipal Bond Trust BZM $0.079000 -
BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.062500 -
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 BLH $0.060000 -$0.022000
BlackRock New York Municipal Income Quality Trust BSE $0.071500 -
BlackRock New York Municipal Bond Trust BQH $0.074000 -$0.008000
BlackRock New York Municipal Income Trust BNY $0.082500 -
BlackRock New York Municipal Income Trust II BFY $0.081000 -$0.002500
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 -
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 $0.081100 $0.002000
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 $0.069000 -$0.002500
BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.076500 -
BlackRock MuniYield Pennsylvania Quality Fund MPA $0.074000 -$0.002500
The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.071000 -$0.005000
BlackRock Virginia Municipal Bond Trust BHV $0.083000 -
Massachusetts Health & Education Tax-Exempt Trust MHE $0.070000 -
 

Taxable Municipal Fund:

             

Declaration- 6/1/2012  Ex-Date- 6/13/2012  Record- 6/15/2012  Payable- 6/29/2012

Fund Ticker Distribution Change From Prior

Distribution

BlackRock Build America Bond Trust BBN $0.131800 -
 

Taxable Funds:

             

Declaration- 6/1/2012  Ex-Date- 6/13/2012  Record- 6/15/2012  Payable- 6/29/2012

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 $0.073000 $0.006000
BlackRock Defined Opportunity Credit Trust BHL $0.068500 $0.002500
The BlackRock High Yield Trust BHY $0.044500 $0.001000
The BlackRock Income Trust, Inc. BKT $0.040500 -
BlackRock Limited Duration Income Trust BLW $0.107500 $0.002500
BlackRock Income Opportunity Trust, Inc. BNA $0.057000 $0.004000
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 $0.052500 $0.001500
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 $0.015200 $0.001000
BlackRock Corporate High Yield Fund VI, Inc. HYT $0.087500 $0.004000
BlackRock Corporate High Yield Fund V, Inc. HYV $0.090000 $0.004000
BlackRock Credit Allocation Income Trust I, Inc. PSW $0.059500 -
BlackRock Credit Allocation Income Trust II, Inc. PSY $0.061000 -
 

Equity Funds:

             

Declaration- 6/1/2012  Ex-Date- 6/13/2012  Record- 6/15/2012  Payable- 6/29/2012

Fund Ticker Distribution Change From Prior

Distribution

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 -
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 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 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 March 31, 2012 and May 31, 2012 are as follows:

Estimated Allocations as of May 31, 2012

Trust   Distribution   Net Investment Income   Net Realized Short-Term Gains   Net Realized Long-Term Gains   Return of Capital
EGF 1   $0.070000   $0.055662 (80%)   $0 (0%)   $0 (0%)   $0.014338 (20%)
         
Estimated Allocations as of March 31, 2012
Trust   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 1   $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%)
 
Estimated Allocations for the fiscal year through May 31, 2012
Trust   Distribution   Net Investment Income   Net Realized Short-Term Gains   Net Realized Long-Term Gains   Return of Capital
EGF 1   $0.280000   $0.254597 (91%)   $0 (0%)   $0 (0%)   $0.025403 (9%)
 
Estimated Allocations for the fiscal year through March 31, 2012
Trust   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 (0%)   $0.060823 (11%)   $0.436300 (81%)
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%)

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 04/30/2012     Annualized current distribution rate expressed as a percentage of NAV as of 04/30/2012     Cumulative total return (in relation to NAV) for the fiscal year through 04/30/2012     Cumulative fiscal year distributions as a percentage of NAV as of 04/30/2012
BCF     2.40%     9.01%     1.49%     4.51%
BCX 2     (8.04)%     8.81%     (0.96)%     4.41%
BDJ     (0.18)%     8.03%     10.29%     4.01%
BGR     4.22%     5.88%     0.82%     3.48%
BGY 2     (2.13)%     10.34%     4.99%     6.58%
BME     7.60%     5.56%     10.55%     6.26%
BQR 2     (4.00)%     10.03%     5.20%     5.02%
CII     3.20%     9.90%     10.78%     4.95%
EGF     4.83%     5.17%     1.38%     1.29%

2 Portfolio launched within the past 5 years; this represents the average annual total return (in relation to NAV) from inception to April 30, 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 March 31, 2012, BlackRock’s AUM was $3.684 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 March 31, 2012, the firm has approximately 9,900 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 Fund 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.

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