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BlackRock Announces Redemption Of Certain Auction Rate Preferred Shares Issued By BlackRock Closed-End Funds

BlackRock Advisors, LLC today announced redemption details for certain series of auction rate preferred shares (“ARPS”) issued by five BlackRock tax-exempt closed-end funds (the “Funds”). These redemptions, which are being made at the liquidation preference of $25,000 per share (in the case of BHV, BLJ, BPS and BZM) and $50,000 per share (in the case of MHE), together with accrued and unpaid dividends to the redemption date, if any, are being announced in connection with the placement of privately issued preferred shares, as announced on June 14, 2012.

Please see redemption details below.

BlackRock Virginia Municipal Bond Trust (NYSE AMEX:BHV)
        Redemption     Total Shares to     Amount to be
Series     CUSIP     Date     be Redeemed     Redeemed
R-7     092481209     July 6, 2012     467     $11,675,000

BlackRock New Jersey Municipal Bond Trust (NYSE AMEX:BLJ)

    Total Shares to     Amount to be
Series     CUSIP    

    be Redeemed     Redeemed
M-7     09249A208     July 10, 2012     751     $18,775,000

The BlackRock Pennsylvania Strategic Municipal Trust (NYSE AMEX:BPS)

    Total Shares to     Amount to be
Series   CUSIP    

    be Redeemed     Redeemed
W-7   09248R202     July 5, 2012     653     $16,325,000

BlackRock Maryland Municipal Bond Trust (NYSE AMEX:BZM)

    Total Shares to     Amount to be
Series     CUSIP    

    be Redeemed     Redeemed
R-7     09249L204     July 6, 2012     640     $16,000,000

The Massachusetts Health & Education Tax-Exempt Trust (NYSE AMEX:MHE)

    Total Shares to     Amount to be
Series     CUSIP    

    be Redeemed     Redeemed
A7     575672209     June 21, 2012     185     $9,250,000
B7     575672308     June 20, 2012     185     $9,250,000

BlackRock will continue to keep market participants and shareholders informed of its closed-end funds’ progress to redeem ARPS via press releases and on BlackRock’s website at

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

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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