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

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

 

Municipal Funds:

 
Declaration- 8/1/2013       Ex-Date- 8/13/2013       Record- 8/15/2013       Payable- 9/3/2013
 
 
National Funds         Ticker     Distribution    

Change From

Prior

Distribution

BlackRock Municipal Income Quality Trust BYM $0.078000 -
BlackRock Municipal Income Investment Quality Trust BAF $0.068500 -
BlackRock Long-Term Municipal Advantage Trust BTA $0.062000 -
BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.071500 -
BlackRock MuniAssets Fund, Inc. MUA $0.062500 -
BlackRock Municipal 2018 Term Trust BPK $0.061000 -
BlackRock Municipal Bond Trust BBK $0.078500 -
BlackRock Municipal 2020 Term Trust BKK $0.062250 -
BlackRock Municipal Bond Investment Trust BIE $0.076000 -
BlackRock Municipal Income Trust BFK $0.075100 -
BlackRock Municipal Income Trust II BLE $0.085000 -
BlackRock Municipal Income Investment Trust BBF $0.072375 -
BlackRock Municipal Target Term Trust BTT $0.093750 -
BlackRock MuniEnhanced Fund, Inc. MEN $0.060500 -
BlackRock MuniHoldings Fund II, Inc. MUH $0.083000 -
BlackRock MuniHoldings Fund, Inc. MHD $0.091500 -
BlackRock MuniHoldings Quality Fund II, Inc. MUE $0.070500 -
BlackRock MuniHoldings Quality Fund, Inc. MUS $0.067500 -
BlackRock MuniHoldings Investment Quality Fund MFL $0.071500 -
BlackRock MuniVest Fund II, Inc. MVT $0.091000 -
BlackRock MuniVest Fund, Inc. MVF $0.059000 -
BlackRock MuniYield Fund, Inc. MYD $0.083500 -
BlackRock MuniYield Quality Fund III, Inc. MYI $0.072000 -
BlackRock MuniYield Investment Quality Fund MFT $0.071000 -
BlackRock MuniYield Investment Fund MYF $0.079000 -
BlackRock MuniYield Quality Fund II, Inc. MQT $0.070500 -
BlackRock MuniYield Quality Fund, Inc. MQY $0.080000 -
The BlackRock Investment Quality Municipal Trust, Inc. BKN $0.080000 -
The BlackRock Strategic Municipal Trust BSD $0.074000 -
 
 

State-Specific Funds

        Ticker     Distribution    

Change From

Prior

Distribution

BlackRock California Municipal Income Trust BFZ $0.077700 -
BlackRock California Municipal 2018 Term Trust BJZ $0.051300 -
BlackRock MuniHoldings California Quality Fund, Inc. MUC $0.071500 -
BlackRock MuniYield California Fund, Inc. MYC $0.079000 -
BlackRock MuniYield California Quality Fund, Inc. MCA $0.076000 -
BlackRock Florida Municipal 2020 Term Trust BFO $0.056000 -
BlackRock Maryland Municipal Bond Trust BZM $0.062500 -
BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.062500 -
BlackRock MuniHoldings New York Quality Fund, Inc. MHN $0.076500 -
BlackRock MuniYield New York Quality Fund, Inc. MYN $0.071000 -
BlackRock New York Municipal 2018 Term Trust BLH $0.045300 -
BlackRock New York Municipal Income Quality Trust BSE $0.067500 -
BlackRock New York Municipal Bond Trust BQH $0.066500 -
BlackRock New York Municipal Income Trust BNY $0.069000 -
BlackRock New York Municipal Income Trust II BFY $0.070000 -
BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.074000 -
BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.074000 -
BlackRock MuniYield New Jersey Quality Fund, Inc. MJI $0.074000 -
BlackRock New Jersey Municipal Bond Trust BLJ $0.074500 -
BlackRock New Jersey Municipal Income Trust BNJ $0.075100 -
BlackRock MuniYield Arizona Fund, Inc. MZA $0.069500 -
BlackRock MuniYield Michigan Quality Fund II, Inc. MYM $0.069000 -
BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.076500 -
BlackRock MuniYield Pennsylvania Quality Fund MPA $0.074000 -
The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.065000 -
BlackRock Virginia Municipal Bond Trust BHV $0.073000 -
Massachusetts Health & Education Tax-Exempt Trust MHE $0.062500 -
 
 

Taxable Municipal Fund:

 
Declaration- 8/1/2013       Ex-Date- 8/13/2013       Record- 8/15/2013       Payable- 8/30/2013
 
 
Fund         Ticker       Distribution      

Change From

Prior

Distribution

 
BlackRock Build America Bond Trust* BBN $0.131800 -
 
 

Taxable Funds:

 
Declaration- 8/1/2013       Ex-Date- 8/13/2013       Record- 8/15/2013       Payable- 8/30/2013
 
 
Fund         Ticker     Distribution    

Change From

Prior

Distribution

BlackRock Senior High Income Fund, Inc. ARK $0.024000 -
BlackRock Floating Rate Income Trust BGT $0.072500 -
BlackRock Strategic Bond Trust BHD $0.078000 -
BlackRock Core Bond Trust BHK $0.075500 -
BlackRock Defined Opportunity Credit Trust BHL $0.066000 -
The BlackRock High Yield Trust BHY $0.042800 -
BlackRock Multi-Sector Income Trust BIT $0.116700 -
The BlackRock Income Trust, Inc.* BKT $0.037000 -
BlackRock Limited Duration Income Trust BLW $0.104500 -
BlackRock Income Opportunity Trust, Inc. BNA $0.059500 -
BlackRock Credit Allocation Income Trust BTZ $0.078500 -
BlackRock Corporate High Yield Fund, Inc. COY $0.049500 -
BlackRock Corporate High Yield Fund III, Inc. CYE $0.050500 -
BlackRock Debt Strategies Fund, Inc. DSU $0.025000 -
BlackRock Enhanced Government Fund, Inc.* EGF $0.065000 -
BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.075500 -
BlackRock High Income Shares HIS $0.014200 -
BlackRock Corporate High Yield Fund VI, Inc. HYT $0.080500 -
BlackRock Corporate High Yield Fund V, Inc. HYV $0.085500 -
 
 

Equity Funds:

 
Declaration- 8/1/2013       Ex-Date- 8/13/2013       Record- 8/15/2013       Payable- 8/30/2013
 
 
Fund         Ticker       Distribution       Change From Prior

Distribution

 
BlackRock Global Opportunities Equity Trust* BOE $0.311650 -
BlackRock S&P Quality Rankings Global Equity Managed Trust* BQY $0.230000 -
BlackRock Utility and Infrastructure Trust* BUI $0.362500 -
 

* 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 distribution 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 2013 will be made after the end of the year.

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF), BlackRock Global Opportunities Equity Trust (NYSE:BOE), BlackRock S&P Quality Rankings Global Equity Managed Trust (NYSE MKT:BQY) and BlackRock Utility and Infrastructure Trust (NYSE:BUI) (collectively, the “Plan Funds”) have adopted a level distribution plan (a “Plan”) and employ 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 Plan Fund’s Board of Directors/Trustees. Under its Plan, each Plan 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, each Plan Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.

The Plan Funds’ estimated sources of the distributions paid as of July 31, 2013 or May 31, 2013, as applicable, and for their current fiscal year are as follows:

 
Estimated Allocations as of July 31, 2013

Plan

Fund

      Distribution      

Net Investment

Income

     

Net Realized

Short-Term Gains

     

Net Realized

Long-Term Gains

      Return of Capital
EGF 1       $0.065000       $0.037662 (58%)       $0 (0%)       $0 (0%)       $0.027338 (42%)
                             
Estimated Allocations as of May 31, 2013

Plan

Fund

      Distribution      

Net Investment

Income

     

Net Realized

Short-Term Gains

     

Net Realized

Long-Term Gains

      Return of Capital
BOE 1       $0.311650       $0.061689 (20%)       $0 (0%)       $0 (0%)       $0.249961 (80%)
BQY 1       $0.230000       $0.099820 (43%)       $0.000187 (1%)       $0.129993 (56%)       $0 (0%)
BUI 1       $0.362500       $0.130477 (36%)       $0.089776 (25%)       $0.142247 (39%)       $0 (0%)
 
Estimated Allocations for the fiscal year through July 31, 2013

Plan

Fund

      Distribution      

Net Investment

Income

     

Net Realized

Short-Term Gains

     

Net Realized

Long-Term Gains

      Return of Capital
EGF 1       $0.390000       $0.243258 (62%)       $0 (0%)       $0 (0%)       $0.146742 (38%)
 
Estimated Allocations for the fiscal year through May 31, 2013

Plan

Fund

      Distribution      

Net Investment

Income

     

Net Realized

Short-Term Gains

     

Net Realized

Long-Term Gains

      Return of Capital
BOE 1       $0.934950       $0.088391 (9%)       $0 (0%)       $0 (0%)       $0.846559 (91%)
BQY 1       $0.710000       $0.191393 (27%)       $0.092092 (13%)       $0.322078 (45%)       $0.104437 (15%)
BUI 1       $1.087500       $0.328313 (30%)       $0.112351 (10%)       $0.442019 (41%)       $0.204817 (19%)

1 The Plan Fund estimates that it has distributed more than its income and net realized capital gains in the current fiscal year; therefore, a portion of the 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 Plan Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Plan 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 Plan Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Plan Fund will send its shareholders a Form 1099-DIV for the calendar year that will tell its shareholders how to report these distributions for federal income tax purposes.

 
Plan Fund Performance and Distribution Rate Information:
Trust    

Average annual total return (in

relation to NAV) for the 5-year

period ending on 6/30/2013

   

Annualized current

distribution rate expressed as a

percentage of NAV as of 6/30/2013

   

Cumulative total

return (in relation

to NAV) for the

fiscal year through 6/30/2013

   

Cumulative

fiscal year distributions as a

percentage of

NAV as of 6/30/2013

EGF     4.10%     4.96%     (1.86)%     2.07%
BOE     1.72%     8.16%     9.19%     6.12%
BQY     4.25%     6.72%     7.72%     5.18%
BUI *     9.54%     7.36%     3.22%     5.52%
 

* Portfolio launched within the past 5 years; this represents the average annual total return (in relation to NAV) from inception to 6/30/2013.

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