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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- 5/1/2014     Ex-Date- 5/13/2014     Record- 5/15/2014     Payable- 6/2/2014

 

National Funds

Ticker

Distribution

Change FromPriorDistribution

BlackRock Municipal Income Quality Trust BYM $0.077000 -
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 $0.068500 -
BlackRock MuniAssets Fund, Inc. MUA $0.062500 -
BlackRock Municipal Bond Trust BBK $0.082000 -
BlackRock Municipal 2018 Term Trust BPK $0.053500 -
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 $0.082000 -
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 $0.088500 -
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 $0.088500 -
BlackRock MuniVest Fund, Inc. MVF $0.056500 -
BlackRock MuniYield Fund, Inc. MYD $0.080500 -
BlackRock MuniYield Quality Fund III, Inc. MYI $0.074000 -
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 -
BlackRock Investment Quality Municipal Trust, Inc. BKN $0.080000 -
The BlackRock Strategic Municipal Trust BSD $0.074000 -
 

State-Specific Funds

  Ticker   Distribution  

Change FromPriorDistribution

 

BlackRock California Municipal Income Trust BFZ $0.077700 -
BlackRock California Municipal 2018 Term Trust BJZ $0.042500 -
BlackRock Massachusetts Tax-Exempt Trust MHE $0.062500 -
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 Maryland Municipal Bond Trust BZM $0.059500 -
BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.061000 -
BlackRock MuniHoldings New York Quality Fund, Inc. MHN $0.071000 -
BlackRock MuniYield New York Quality Fund, Inc. MYN $0.068000 -
BlackRock New York Municipal Income Quality Trust BSE $0.062500 -
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 New York Municipal 2018 Term Trust BLH $0.027800 -
BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.074000 -
BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.075000 -
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 $0.067500 -
BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.074000 -
BlackRock MuniYield Pennsylvania Quality Fund MPA $0.074000 -
The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.061000 -
BlackRock Virginia Municipal Bond Trust BHV $0.071500 -
 
     

Taxable Municipal Fund:

 

Declaration- 5/1/2014     Ex-Date- 5/13/2014     Record- 5/15/2014     Payable- 5/30/2014

 
Fund Ticker Distribution

Change FromPriorDistribution

 

BlackRock Build America Bond Trust BBN $0.131800 -
 
     

Taxable Funds:

 

Declaration- 5/1/2014     Ex-Date- 5/13/2014     Record- 5/15/2014     Payable- 5/30/2014

 
Fund Ticker Distribution

Change FromPriorDistribution

 

BlackRock Floating Rate Income Trust* BGT $0.069500 -
BlackRock Core Bond Trust BHK $0.075500 -
BlackRock Defined Opportunity Credit Trust BHL $0.060500 -
BlackRock Multi-Sector Income Trust BIT $0.116700 -
BlackRock Income Trust, Inc. BKT $0.035000 -
BlackRock Limited Duration Income Trust BLW $0.099500 -
BlackRock Income Opportunity Trust, Inc. BNA $0.059500 -
BlackRock Credit Allocation Income Trust BTZ $0.080500 -
BlackRock Debt Strategies Fund, Inc. DSU $0.025000 -
BlackRock Enhanced Government Fund, Inc.* EGF $0.055000 -
BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.070000 -
BlackRock Corporate High Yield Fund, Inc. HYT $0.080500 -
 
     

Equity Funds:

 

Declaration- 5/1/2014     Ex-Date- 5/13/2014     Record- 5/15/2014     Payable- 5/30/2014

 
Fund Ticker Distribution

Change FromPriorDistribution

 

BlackRock Global Opportunities Equity Trust* BOE $0.311650 -
BlackRock Dividend Income 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 2014 will be made after the end of the year.

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF), BlackRock Global Opportunities Equity Trust (NYSE:BOE), BlackRock Dividend Income 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 a managed distribution and/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 April 30, 2014 or February 28, 2014, as applicable, and for their current fiscal year are as follows:

   
Estimated Allocations as of April 30, 2014        

PlanFund

  Distribution  

Net InvestmentIncome

 

Net RealizedShort-Term Gains

 

Net RealizedLong-Term Gains

  Return of Capital
EGF 1   $0.055000   $0.041434 (75%)   $0 (0%)   $0 (0%)   $0.013566 (25%)
     
Estimated Allocations as of February 28, 2014        

PlanFund

  Distribution  

Net InvestmentIncome

 

Net RealizedShort-Term Gains

 

Net RealizedLong-Term Gains

  Return of Capital
BOE 1   $0.311650   $0 (0%)   $0 (0%)   $0 (0%)   $0.311650 (100%)
BQY   $0.230000   $0.056533 (25%)   $0.054724 (24%)   $0.118743 (51%)   $0 (0%)
BUI 1   $0.362500   $0.120118 (33%)   $0.066024 (18%)   $0.023596 (7%)   $0.152762 (42%)
 
Estimated Allocations for the fiscal year through April 30, 2014    

PlanFund

  Distribution  

Net InvestmentIncome

 

Net RealizedShort-Term Gains

 

Net RealizedLong-Term Gains

  Return of Capital
EGF 1   $0.165000   $0.141214 (86%)   $0 (0%)   $0 (0%)   $0.023786 (14%)
 
Estimated Allocations for the fiscal year through February 28, 2014    

PlanFund

  Distribution  

Net InvestmentIncome

 

Net RealizedShort-Term Gains

 

Net RealizedLong-Term Gains

  Return of Capital
BOE 1   $0.623300   $0 (0%)   $0 (0%)   $0 (0%)   $0.623300 (100%)
BQY   $0.460000   $0.077560 (17%)   $0.062072 (13%)   $0.320368 (70%)   $0 (0%)
BUI 1   $0.725000   $0.157289 (22%)   $0.066024 (9%)   $0.024199 (3%)   $0.477488 (66%)
 
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:

PlanFund

 

Average annual totalreturn (in relation toNAV) for the 5-yearperiod ending on03/31/2014

 

Annualized currentdistribution rateexpressed as apercentage of NAV asof 03/31/2014

 

Cumulative total return(in relation to NAV) forthe fiscal year through03/31/2014

 

Cumulative fiscalyear distributionsas a percentageof NAV as of03/31/2014

EGF   4.61%   4.37%   0.72%   0.73%
BOE   14.44%   7.47%   4.35%   3.73%
BQY   15.64%   6.31%   4.72%   3.16%
BUI *   13.69%   6.69%   8.49%   3.35%
       
*   Portfolio launched within the past 5 years; this represents the average annual total return (in relation to NAV) from inception to 3/31/2014.
 

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

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At March 31, 2014, BlackRock’s assets under management were $4.401 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include 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 March 31, 2014, the firm had approximately 11,500 employees in more than 30 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 the firm’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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