BlackRock Advisors, LLC and the Boards of Directors/Trustees of the BlackRock Closed-End Funds today announced, effective January 1, 2013, the designation of the S&P Municipal Bond 7 Day High Grade Index as a “successor rate” to the S&P Weekly High Grade Index (formerly known as the Kenny S&P 30 Day High Grade Index) for the purposes of calculating maximum reset rates on auction rate preferred shares (“ARPS”) issued by the five BlackRock closed-end funds listed below (the “Funds”). S&P Capital IQ, which publishes the S&P Weekly High Grade Index, previously announced that it would cease production of such index effective January 1, 2013.
|BlackRock Municipal 2018 Term Trust||BPK|
|BlackRock California Municipal 2018 Term Trust||BJZ|
|BlackRock New York Municipal 2018 Term Trust||BLH|
|BlackRock Municipal 2020 Term Trust||BKK|
|BlackRock Florida Municipal 2020 Term Trust||BFO|
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