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Certain BlackRock Closed-End Funds Announce Estimated Sources Of Distributions

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               March 28, 2013               $0.221500
BCX               March 28, 2013               $0.290000
BDJ               March 28, 2013               $0.140000
BGR               March 28, 2013               $0.405000
BGY               March 28, 2013               $0.167850
BME               March 28, 2013               $0.384375
BQR               March 28, 2013               $0.179250
CII               March 28, 2013               $0.300000
EGF               March 28, 2013               $0.065000
                           

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. 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 March 28, 2013
       

Net Investment
   

Net Realized Short-
   

Net Realized
   
Fund     Distribution    

Income
   

Term Gains
   

Long-Term Gains
    Return of Capital
BCF 1     $0.221500     $0.016929 (8%)     $0 (0%)     $0 (0%)     $0.204571 (92%)
BCX 1     $0.290000     $0.044177 (15%)     $0 (0%)     $0 (0%)     $0.245823 (85%)
BDJ 1     $0.140000     $0.044743 (32%)     $0 (0%)     $0 (0%)     $0.095257 (68%)
BGR     $0.405000     $0.023195 (6%)     $0.076391 (19%)     $0.305414 (75%)     $0 (0%)
BGY 1     $0.167850     $0.013120 (8%)     $0 (0%)     $0 (0%)     $0.154730 (92%)
BME     $0.384375     $0.063578 (17%)     $0.320797 (83%)     $0 (0%)     $0 (0%)
BQR 1     $0.179250     $0 (0%)     $0 (0%)     $0 (0%)     $0.17925 (100%)
CII 1     $0.300000     $0.052264 (17%)     $0 (0%)     $0 (0%)     $0.247736 (83%)
EGF 1     $0.065000     $0.037747 (58%)     $0 (0%)     $0 (0%)     $0.027253 (42%)
 
Estimated Allocations for the fiscal year through March 28, 2013
       

Net Investment
   

Net Realized Short-
   

Net Realized
   
Fund     Distribution    

Income
   

Term Gains
   

Long-Term Gains
    Return of Capital
BCF 1     $0.443000     $0.031402 (7%)     $0 (0%)     $0 (0%)     $0.411598 (93%)
BCX 1     $0.580000     $0.075286 (13%)     $0 (0%)     $0 (0%)     $0.504714 (87%)
BDJ 1     $0.280000     $0.087717 (31%)     $0 (0%)     $0 (0%)     $0.192283 (69%)
BGR     $0.810000     $0.054296 (7%)     $0.357122 (44%)     $0.398582 (49%)     $0 (0%)
BGY 1     $0.335700     $0.018147 (5%)     $0 (0%)     $0 (0%)     $0.317553 (95%)
BME     $1.618750     $0.099271 (6%)     $0.896788 (56%)     $0.622691 (38%)     $0 (0%)
BQR 1     $0.358500     $0.033523 (9%)     $0 (0%)     $0 (0%)     $0.324977 (91%)
CII 1     $0.600000     $0.135410 (23%)     $0 (0%)     $0 (0%)     $0.464590 (77%)
EGF 1     $0.130000     $0.088668 (68%)     $0 (0%)     $0 (0%)     $0.041332 (32%)
 

1The Fund 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 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:      
    Average annual        

 
   
total return (in

 

Cumulative total
Cumulative fiscal

relation to NAV) for

Annualized current

return (in relation

year distributions as

the 5-year period

distribution rate expressed

to NAV) for the

a percentage of

ending on

as a percentage of NAV

fiscal year through
NAV as of
Fund     02/28/2013    

as of 02/28/2013
   

02/28/2013
    02/28/2013
BCF     (2.85)%     8.14%     0.73%     2.04%
BCX *     (5.82)%     8.02%     (4.18)%     2.01%
BDJ     4.38%     6.53%     5.22%     1.63%
BGR     1.70%     5.79%     9.62%     1.45%
BGY     (0.24)%     7.84%     5.68%     1.96%
BME     10.00%     5.12%     10.58%     4.11%
BQR     (2.27)%     7.47%     7.22%     1.87%
CII     5.58%     8.40%     3.44%     2.10%
EGF     4.33%     4.88%     (0.39)%     0.41%
 

* Portfolio launched within the past 5 years; this represents the average annual total return (in relation to NAV) from inception to 2/28/2013.

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