Distribution Dates And Amounts Announced For Certain BlackRock Closed-End Funds

BY Business Wire | 08/01/12 - 06:35 PM EDT

Stock quotes in this article: ARK, BAF, BBF, BBK, BBN, BFK, BFO, BFY, BFZ, BGT, BHD, BHK, BHL, BHV, BHY, BIE, BJZ, BKK, BKN, BKT, BLE, BLH, BLJ, BLW, BNA, BNJ, BNY, BOE, BPK, BPP, BPS, BQH, BQY, BSD, BSE, BTA, BTZ, BUI, BYM, BZM, COY, CYE, DSU, DVF, EGF, FRA, FRB, HIS, HYT, HYV, MCA, MEN, MFL, MFT, MHD, MHE, MHN, MIY, MJI, MNE, MPA, MQT, MQY, MUA, MUC, MUE, MUH, MUI, MUJ, MUS, MVF, MVT, MYC, MYD, MYF, MYI, MYJ, MYM, MYN, MZA, PSW, PSY

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Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Several of the municipal Funds announced distribution reductions. Generally, these distribution reductions were made in order to better align the Funds’ distribution rates with their current level of earnings.

Municipal Funds:

Declaration- 8/1/2012 Ex-Date- 8/13/2012 Record- 8/15/2012 Payable- 9/4/2012

			Change From
National Funds	Ticker	Distribution	Prior
			Distribution
BlackRock Municipal Income Quality Trust	BYM	$0.078000	-
BlackRock Municipal Income Investment Quality Trust	BAF	$0.072500	-
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	$0.083500	-$0.005000
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	-
BlackRock Municipal 2018 Term Trust	BPK	$0.075800	-
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	-


			Change From
State-Specific Funds	Ticker	Distribution	Prior
			Distribution
BlackRock California Municipal Income Trust	BFZ	$0.077700	-
BlackRock California Municipal 2018 Term Trust	BJZ	$0.057500	-
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 Florida Municipal 2020 Term Trust	BFO	$0.056000	-
BlackRock Maryland Municipal Bond Trust	BZM	$0.066500	-$0.012500
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	-
BlackRock New York Municipal Income Quality Trust	BSE	$0.071500	-
BlackRock New York Municipal Bond Trust	BQH	$0.074000	-
BlackRock New York Municipal Income Trust	BNY	$0.075000	-$0.007500
BlackRock New York Municipal Income Trust II	BFY	$0.081000	-
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	$0.073000	-$0.005000
BlackRock New Jersey Municipal Income Trust	BNJ	$0.081100	-
BlackRock MuniYield Arizona Fund, Inc.	MZA	$0.069500	-
BlackRock MuniYield Michigan Quality Fund II, Inc.	MYM	$0.069000	-
BlackRock MuniYield Michigan Quality Fund, Inc.	MIY	$0.076500	-
BlackRock MuniYield Pennsylvania Quality Fund	MPA	$0.074000	-
The BlackRock Pennsylvania Strategic Municipal Trust	BPS	$0.071000	-
BlackRock Virginia Municipal Bond Trust	BHV	$0.078000	-$0.005000
Massachusetts Health & Education Tax-Exempt Trust	MHE	$0.062500	-$0.007500

Taxable Municipal Fund:

Declaration- 8/1/2012 Ex-Date- 8/13/2012 Record- 8/15/2012 Payable- 8/31/2012

			Change From
Fund	Ticker	Distribution	Prior
			Distribution
BlackRock Build America Bond Trust	BBN	$0.131800	-

Taxable Funds:

Declaration- 8/1/2012 Ex-Date- 8/13/2012 Record- 8/15/2012 Payable- 8/31/2012

			Change From
Fund	Ticker	Distribution	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	-
BlackRock Defined Opportunity Credit Trust	BHL	$0.068500	-
The BlackRock High Yield Trust	BHY	$0.044500	-
The BlackRock Income Trust, Inc.	BKT	$0.040500	-
BlackRock Limited Duration Income Trust	BLW	$0.107500	-
BlackRock Income Opportunity Trust, Inc.	BNA	$0.057000	-
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	-
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	-
BlackRock Corporate High Yield Fund VI, Inc.	HYT	$0.087500	-
BlackRock Corporate High Yield Fund V, Inc.	HYV	$0.090000	-
BlackRock Credit Allocation Income Trust I, Inc.	PSW	$0.059500	-
BlackRock Credit Allocation Income Trust II, Inc.	PSY	$0.061000	-

Equity Funds:

Declaration- 8/1/2012 Ex-Date- 8/13/2012 Record- 8/15/2012 Payable- 8/31/2012

			Change From
Fund	Ticker	Dividend	Prior
			Distribution
BlackRock Global Opportunities Equity Trust*	BOE	$0.410000	-
BlackRock S&P Quality Rankings Global Equity Managed Trust*	BQY	$0.250000	-
BlackRock Utility and Infrastructure Trust*	BUI	$0.362500	-

* 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 for informational purposes only and not for tax reporting purposes. This information can be found in the “Closed-End Funds” section of www.blackrock.com. As 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 (a “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 of Directors. 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 July 31, 2012 or May 31, 2012, as applicable, and for their current fiscal year are as follows:


Estimated Allocations as of July 31, 2012
		Net Investment	Net Realized Short-	Net Realized Long-
Trust	Distribution	Income	Term Gains	Term Gains	Return of Capital
EGF ¹	$0.070000	$0.054908 (78%)	$0 (0%)	$0 (0%)	$0.015092 (22%)

Estimated Allocations as of May 31, 2012
		Net Investment	Net Realized Short-	Net Realized Long-
Trust	Distribution	Income	Term Gains	Term Gains	Return of Capital
BOE ¹	$0.410000	$0.093037 (23%)	$0 (0%)	$0 (0%)	$0.316963 (77%)
BQY ¹	$0.250000	$0.131327 (53%)	$0.038813 (16%)	$0.016688 (6%)	$0.063172 (25%)
BUI ¹	$0.362500	$0.160492 (44%)	$0.031992 (9%)	$0 (0%)	$0.170016 (47%)

Estimated Allocations for the fiscal year through July 31, 2012
		Net Investment	Net Realized Short-	Net Realized Long-
Trust	Distribution	Income	Term Gains	Term Gains	Return of Capital
EGF ¹	$0.420000	$0.367034 (87%)	$0 (0%)	$0 (0%)	$0.052966 (13%)

Estimated Allocations for the fiscal year through May 31, 2012
		Net Investment	Net Realized Short-	Net Realized Long-
Trust	Distribution	Income	Term Gains	Term Gains	Return of Capital
BOE ¹	$1.547500	$0.127437 (8%)	$0 (0%)	$0 (0%)	$1.420063 (92%)
BQY ¹	$1.020000	$0.199227 (20%)	$0.611713 (60%)	$0.145888 (14%)	$0.063172 (6%)
BUI ¹	$0.725000	$0.235461 (32%)	$0.038022 (5%)	$0 (0%)	$0.451517 (63%)

¹The Trust estimates that it has distributed more than its income and capital gains in the current fiscal year; therefore, a portion of the 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 each 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 shareholders a Form 1099-DIV for the calendar year that will tell shareholders how to report distributions for federal income tax purposes.

Trust Performance and Distribution Rate Information:

Cumulative fiscal

Average annual total

Annualized current

year

return (in relation

distribution rate

Cumulative total return

distributions as

to NAV) for the 5-

expressed as a

(in relation to NAV)

a percentage of

year period ending

percentage of NAV as

for the fiscal year

NAV as of

Trust

on 06/30/2012

of 06/30/2012

through 06/30/2012

06/30/2012

EGF

5.26%

5.19%

1.87%

2.16%

BOE

(0.68)%

11.23%

1.55%

10.59%

BQY

(0.82)%

7.53%

5.90%

7.68%

BUI*

14.49%

7.28%

8.42%

3.64%

* Portfolio launched within the past 5 years; this represents the average annual total return (in relation to NAV) from inception to 6/30/2012.

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