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Certain BlackRock Closed-End Funds Announce Estimated Sources Of Distributions

Stocks in this article: BCFBCXBDJBGRBGYBMEBQRCIIEGF

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   September 28, 2012   $0.221500
BCX   September 28, 2012   $0.350000
BDJ   September 28, 2012   $0.170000
BGR   September 28, 2012   $0.405000
BGY   September 28, 2012   $0.167850
BME   September 28, 2012   $0.384375
BQR   September 28, 2012   $0.179250
CII   September 28, 2012   $0.300000
EGF   September 28, 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 September 28, 2012
Fund   Distribution  

Net InvestmentIncome

 

Net RealizedShort-Term Gains

 

Net RealizedLong-Term Gains

  Return of Capital
BCF 1   $0.221500   $0.032113 (14%)   $0 (0%)   $0 (0%)   $0.189387 (86%)
BCX 1   $0.350000   $0.050325 (14%)   $0 (0%)   $0 (0%)   $0.299675 (86%)
BDJ 1   $0.170000   $0.045633 (27%)   $0 (0%)   $0 (0%)   $0.124367 (73%)
BGR   $0.405000   $0.027712 (7%)   $0.377288 (93%)   $0 (0%)   $0 (0%)
BGY 1   $0.167850   $0.032208 (19%)   $0 (0%)   $0 (0%)   $0.135642 (81%)
BME   $0.384375   $0 (0%)   $0.141062 (37%)   $0.243313 (63%)   $0 (0%)
BQR 1   $0.179250   $0.040846 (23%)   $0 (0%)   $0 (0%)   $0.138404 (77%)
CII 1   $0.300000   $0.073297 (24%)   $0 (0%)   $0 (0%)   $0.226703 (76%)
EGF 1   $0.070000   $0.050118 (72%)   $0 (0%)   $0 (0%)   $0.019882 (28%)
         
Estimated Allocations for the fiscal year through September 28, 2012
Fund   Distribution  

Net InvestmentIncome

 

Net RealizedShort-Term Gains

 

Net RealizedLong-Term Gains

  Return of Capital
BCF 1   $1.036900   $0.119430 (12%)   $0.169489 (16%)   $0 (0%)   $0.747981 (72%)
BCX 1   $1.400000   $0.162003 (12%)   $0 (0%)   $0 (0%)   $1.237997 (88%)
BDJ 1   $0.680000   $0.131078 (19%)   $0 (0%)   $0 (0%)   $0.548922 (81%)
BGR   $1.768000   $0.135118 (8%)   $1.632882 (92%)   $0 (0%)   $0 (0%)
BGY 1   $0.947850   $0.161180 (17%)   $0 (0%)   $0 (0%)   $0.785770 (83%)
BME   $2.500500   $0.080684 (3%)   $1.083089 (43%)   $1.336727 (53%)   $0 (0%)
BQR 1   $0.884250   $0.084793 (10%)   $0 (0%)   $0 (0%)   $0.799457 (90%)
CII 1   $1.380000   $0.315128 (23%)   $0 (0%)   $0 (0%)   $1.064872 (77%)
EGF 1   $0.560000   $0.472029 (84%)   $0 (0%)   $0 (0%)   $0.087971 (16%)
         

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’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share.

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:
Trust  

Average annualtotal return (inrelation to NAV) forthe 5-year periodending on08/31/2012

 

Annualized currentdistribution rate expressedas a percentage of NAVas of 08/31/2012

 

Cumulative totalreturn (in relationto NAV) for thefiscal year through08/31/2012

 

Cumulative fiscalyear distributions asa percentage ofNAV as of08/31/2012

BCF   (0.77)%   8.32%   (8.02)%   7.66%
BCX *   (7.96)%   9.28%   (3.61)%   6.96%
BDJ   0.35%   8.14%   11.41%   6.11%
BGR   2.78%   6.38%   (5.31)%   5.36%
BGY   (2.08)%   8.29%   3.00%   9.63%
BME   7.90%   5.47%   13.87%   7.53%
BQR *   (3.76)%   7.89%   5.06%   7.76%
CII   3.41%   8.40%   11.76%   7.56%
EGF   5.36%   5.16%   3.37%   3.01%

* Portfolio launched within the past 5 years; this represents the average annual total return (in relation to NAV) from inception to 8/31/2012.

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