The Boards of Directors/Trustees of the BlackRock closed-end funds listed below (the “Funds”) announced the early declaration of regular monthly distributions and declaration of special distributions. Details are as follows:

Early Declaration of Regular Monthly Distributions:

Three tax-exempt Funds declared regular monthly distributions for October, November and December 2010. The applicable dates and amounts are detailed below.
Dates:      
October 2010 Distribution:
Declaration – 9/1/10 Ex-Date – 10/13/10 Record Date – 10/15/10 Payable Date – 11/01/10
 
November 2010 Distribution:
Declaration – 9/1/10 Ex-Date – 11/10/10 Record Date – 11/15/10 Payable Date – 12/01/10
 
December 2010 Distribution:
Declaration – 9/1/10 Ex-Date – 12/13/10 Record Date – 12/15/10 Payable Date – 12/31/10
         
Fund   Ticker   Monthly Distribution
BlackRock California Municipal 2018 Term Trust   BJZ   $0.072000
BlackRock New York Municipal 2018 Term Trust, Inc.   BLH   $0.082000
BlackRock Municipal 2018 Term Trust   BPK   $0.078000
   

The following tax-exempt Fund also declared regular monthly distributions for October, November and December 2010, but has a different payable schedule in December 2010. The applicable dates and amount are detailed below.
Dates:      
October 2010 Distribution:
Declaration – 9/1/10 Ex-Date – 10/13/10 Record Date – 10/15/10 Payable Date – 11/01/10
 
November 2010 Distribution:
Declaration – 9/1/10 Ex-Date – 11/10/10 Record Date – 11/15/10 Payable Date – 12/01/10
 
December 2010 Distribution:
Declaration – 9/1/10 Ex-Date – 12/13/10 Record Date – 12/15/10 Payable Date – 12/29/10
         
Fund   Ticker   Monthly Distribution
BlackRock Insured Municipal Term Trust, Inc.   BMT   $0.005000
   

Declaration of Special Tax-Free Distributions:

The following Funds declared special tax-free income distributions as detailed below.
Dates:      
Declaration – 9/1/10 Ex-Date – 12/13/10 Record Date – 12/15/10 Payable Date – 12/31/10
         
Fund   Ticker   Special Tax-Free Distribution
BlackRock New York Municipal 2018 Term Trust, Inc.   BLH   $0.073000
   
Declaration – 9/1/10   Ex-Date – 12/13/10   Record Date – 12/15/10   Payable Date – 12/29/10
         
Fund   Ticker   Special Tax-Free Distribution
BlackRock Insured Municipal Term Trust, Inc.   BMT   $0.237000
   

Investors in BMT should consider the distributions payable on December 29, 2010, along with any subsequent liquidating distributions, as part of the final distribution of proceeds in connection with the fund’s scheduled maturity on or about December 31, 2010.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2010, BlackRock’s AUM was $3.151 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 June 30, 2010, the firm has approximately 8,500 employees in 24 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 may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to 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.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to each Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes in political, economic or industry conditions, the interest rate environment or financial and capital markets, which could result in changes in the Fund’s net asset value; (2) the performance of the Fund’s investments; (3) the impact of increased competition; (4) the extent and timing of any distributions or share repurchases; (5) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (6) BlackRock’s ability to attract and retain highly talented professionals; and (7) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to BlackRock, Barclays PLC, Bank of America, Merrill Lynch or PNC.

The Annual and Semi-Annual Reports and other regulatory filings of the Funds with the SEC are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on our website is not a part of this press release.

Copyright Business Wire 2010

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