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BlackRock Announces Portfolio Manager Changes And Addition Of Sub-Advisor To Certain BlackRock Closed-End Funds

BlackRock Advisors, LLC today announced changes to the portfolio management teams of BlackRock Real Asset Equity Trust (NYSE:BCF), BlackRock Resources & Commodities Strategy Trust (NYSE:BCX), BlackRock Energy and Resources Trust (NYSE:BGR) and BlackRock Utility and Infrastructure Trust (NYSE:BUI) (collectively the “Funds”). In connection with these changes, BlackRock Advisors, LLC also announced the appointment of BlackRock International Limited as an investment sub-advisor for BCX, BGR and BUI.

Each Fund’s portfolio management team, including biographies for each of the portfolio managers, is set forth below. The changes announced today will take effect March 11, 2013.

               
Fund             Portfolio Management Team
BCF            

Christopher Accettella, Poppy Allonby, Robin Batchelor, Richard Davis, KyleMcClements and Robert Shearer

BCX            

Christopher Accettella, Richard Davis, Joshua Freedman, Thomas Holl and KyleMcClements

BGR             Christopher Accettella, Poppy Allonby, Robin Batchelor and Kyle McClements
BUI            

Christopher Accettella, Poppy Allonby, Kathleen Anderson, Robin Batchelor, KyleMcClements and Robert Shearer

           

Christopher M. Accettella, Director, is a member of the Fundamental Equity platform. He is a trader responsible for executing equity derivatives and options trades.

Prior to joining BlackRock in 2005, Mr. Accettella was an institutional sales trader with American Technology Research. From 2001 to 2003, he was with Deutsche Asset Management where he was responsible for derivatives and program trading. Prior to that, he was a senior associate in the Pacific Basin Equity Group at Scudder Investments Singapore Limited. Mr. Accettella began his investment career in 1997 as a portfolio analyst in the European Equity group of Scudder Kemper Investments, Inc.

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