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

Stocks in this article: ARK BBN BGT BHD BHK BHL BHY BKT BLW BNA BTZ COY CYE DSU EGF FRA HIS HYT HYV

Certain BlackRock closed-end funds (the “Funds”) announced January monthly distributions and special distributions today as detailed below.

January Monthly Distributions

Taxable Municipal Fund:

Declaration- 12/20/2012   Ex-Date- 12/27/2012   Record- 12/31/2012   Payable- 1/9/2013
Fund         Ticker     Distribution    

ChangeFrom PriorDistribution

 
BlackRock Build America Bond Trust* BBN $0.131800 -
Taxable Funds:      
Declaration- 12/20/2012 Ex-Date- 12/27/2012 Record- 12/31/2012 Payable- 1/9/2013

Fund         Ticker   Distribution  

Change FromPriorDistribution

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 $0.109500 -
BlackRock Income Opportunity Trust, Inc. BNA $0.057000 -
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 Enhanced Government Fund, Inc.* EGF $0.065000 -
BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.077000 -
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 -

Special Distributions

     
Declaration- 12/20/2012 Ex-Date- 12/27/2012 Record- 12/31/2012 Payable- 1/9/2013

Fund           Ticker       Special Distribution
BlackRock Senior High Income Fund, Inc. ARK $0.022000
BlackRock Floating Rate Income Trust BGT $0.135000
BlackRock Strategic Bond Trust BHD $0.007000
BlackRock Core Bond Trust BHK $0.059000
BlackRock Defined Opportunity Credit Trust BHL $0.028000
BlackRock Limited Duration Income Trust BLW $0.087000
BlackRock Corporate High Yield Fund III, Inc. CYE $0.046000
BlackRock Debt Strategies Fund, Inc. DSU $0.010000
BlackRock High Income Shares HIS $0.013000
BlackRock Corporate High Yield Fund VI, Inc. HYT $0.071000
BlackRock Corporate High Yield Fund V, Inc. HYV $0.097000

* 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 of record 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) (“EGF”) 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 EGF’s Board of Directors. Under its Plan, EGF 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 monthly basis, EGF will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.

EGF’s estimated sources of the distribution paid as of December 18, 2012 and for its current fiscal year are as follows:

Estimated Allocations as of December 18, 2012      
Fund     Distribution    

Net InvestmentIncome

   

Net RealizedShort-TermGains

   

Net RealizedLong-TermGains

    Return of Capital
EGF 1     $0.065000     $0.045842 (71%)     $0 (0%)     $0 (0%)     $0.019158 (29%)
                   
Estimated Allocations for the fiscal year through December 18, 2012      
Fund     Distribution    

Net InvestmentIncome

   

Net RealizedShort-TermGains

   

Net RealizedLong-TermGains

    Return of Capital
EGF 1     $0.765000     $0.611007 (80%)     $0 (0%)     $0 (0%)     $0.153993 (20%)

1 EGF 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 EGF’s investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce EGF’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 EGF’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. EGF 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:      
Fund    

Average annual totalreturn (in relation toNAV) for the 5-yearperiod ending on 11/30/2012

   

Annualized currentdistribution rateexpressed as apercentage of NAV as of 11/30/2012

   

Cumulative totalreturn (in relation toNAV) for the fiscalyear through11/30/2012

   

Cumulative fiscalyear distributionsas a percentage ofNAV as of11/30/2012

EGF     5.24%     4.83%     4.05%     4.33%

Shareholders should not draw any conclusions about EGF’s investment performance from the amount of EGF’s current distributions or from the terms of EGF’s Plan.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2012, BlackRock’s AUM was $3.673 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 September 30, 2012, the firm has approximately 10,400 employees in 29 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 Funds 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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