With respect the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for each Fund or in each Fund’s net asset value; (2) the relative and absolute investment performance of each Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the recently approved Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to each Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) BlackRock’s success in maintaining secondary market support for each Fund; (11) the impact of BlackRock electing to provide support to its products from time to time; (12) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions; and (13) the ability of BlackRock to integrate the operations of Barclays Global Investors.Additional Information and Where to Find It The Annual and Semi-Annual Reports and other regulatory filings of each Fund with the SEC are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com. The information contained on BlackRock’s website is not a part of this press release. Information Regarding Proxy Solicitation by Certain Funds BlackRock MuniHoldings New York Quality Fund, Inc., BlackRock MuniHoldings Fund, Inc., BlackRock New Jersey Municipal Bond Trust, BlackRock Municipal Income Investment Quality Trust, BlackRock Maryland Municipal Bond Trust, BlackRock Municipal Bond Trust, BlackRock Investment Quality Municipal Income Trust, BlackRock Virginia Municipal Bond Trust, BlackRock Municipal Bond Investment Trust, The BlackRock Pennsylvania Strategic Municipal Trust, BlackRock Municipal Income Investment Trust, BlackRock California Municipal 2018 Term Trust, BlackRock Municipal 2018 Term Trust and BlackRock New York Municipal Bond Trust (collectively, the "Solicitation Funds") and their directors and certain executive officers are participants in the solicitation of proxies from shareholders in connection with the 2011 Annual Meeting of Shareholders of each Solicitation Fund (the "Annual Meetings"). The Solicitation Funds each plan to file a proxy statement with the Securities and Exchange Commission (the "SEC") in connection with the solicitation of proxies for the Annual Meetings (the "2011 Proxy Statement"). Information regarding the names of the Solicitation Funds' directors and executive officers and their respective interests in the Solicitation Funds by security holdings or otherwise will be set forth in the 2011 Proxy Statement, as supplemented, relating to the 2011 Annual Meeting of Shareholders of each Solicitation Fund, which may be obtained free of charge from the SEC's website at www.sec.gov and on BlackRock's website at www.blackrock.com once 2011 Proxy Statement for the Solicitation Funds has been filed. Additional information regarding the interests of such participants will be included in the 2011 Proxy Statement and other relevant documents to be filed with the SEC in connection with the Annual Meetings. Promptly after filing its definitive 2011 Proxy Statement with the SEC, the Solicitation Funds will mail the definitive 2011 Proxy Statement and a proxy card to each shareholder entitled to vote at the Annual Meetings. SHAREHOLDERS ARE URGED TO READ THE 2011 PROXY STATEMENT (INCLUDING ANY SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE SOLICITATION FUNDS WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders will be able to obtain, free of charge, copies of the 2011 Proxy Statement and any other documents filed by the Solicitation Funds with the SEC in connection with the Annual Meetings from the SEC's website at www.sec.gov, BlackRock's website at www.blackrock.com, or by contacting Solicitation Funds' Secretary at 40 East 52nd Street, New York, New York 10022-5911.