BlackRock Advisors, LLC today announced the redemption details for certain series of auction rate preferred shares (“ARPS”) issued by fifteen BlackRock tax-exempt closed-end funds (the “Funds”). These redemptions, which are being made at the liquidation preference of $25,000 per share, together with accrued and unpaid dividends to the redemption date, if any, are being announced in connection with the issuance of Variable Rate Muni Term Preferred Shares (“VMTP”) by the Funds, as announced on December 16, 2011.

Please see redemption details below.

BlackRock Municipal Income Investment Quality Trust (NYSE: BAF)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
M-7   09250G201   January 10, 2012   1,691   $42,275,000

BlackRock Municipal Bond Trust (NYSE: BBK)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
R-7   09249H302   January 13, 2012   1,598   $39,950,000
T-7   09249H203   January 11, 2012   1,598   $39,950,000

BlackRock Municipal Income Trust (NYSE: BFK)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
F-7   09248F604   January 9, 2012   2,167   $54,175,000
M-7   09248F208   January 10, 2012   2,167   $54,175,000
R-7   09248F505   January 13, 2012   2,167   $54,175,000
T-7   09248F307   January 11, 2012   2,167   $54,175,000
W-7   09248F406   January 12, 2012   2,167   $54,175,000

The BlackRock Investment Quality Municipal Trust Inc. (NYSE: BKN)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
T-28   09247D303   January 18, 2012   2,234   $55,850,000
T-7   09247D204   January 11, 2012   2,804   $70,100,000

BlackRock Municipal Income Trust II (AMEX: BLE)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
M-7   09249N200   January 10, 2012   1,513   $37,825,000
R-7   09249N507   January 13, 2012   1,513   $37,825,000
T-7   09249N309   January 11, 2012   1,513   $37,825,000
W-7   09249N408   January 12, 2012   1,513   $37,825,000

The BlackRock Strategic Municipal Trust (NYSE: BSD)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
W-7   09248T208   January 12, 2012   1,719   $42,975,000

BlackRock Municipal Income Quality Trust (NYSE: BYM)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
F-7   092479401   January 9, 2012   1,830   $45,750,000
M-7   092479203   January 10, 2012   1,830   $45,750,000
R-7   092479302   January 13, 2012   1,830   $45,750,000

BlackRock MuniYield Investment Quality Fund (NYSE: MFT)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
A-7   09254T209   January 10, 2012   1,884   $47,100,000
B-7   09254T308   January 5, 2012   377   $9,425,000

BlackRock MuniHoldings Fund, Inc. (NYSE: MHD)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
A-7   09253N203   January 11, 2012   1,473   $36,825,000
B-7   09253N302   January 6, 2012   1,473   $36,825,000
C-7   09253N401   January 10, 2012   402   $10,050,000

BlackRock MuniYield Quality Fund II, Inc. (NYSE: MQT)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
A-28   09254G207   January 17, 2012   1,457   $36,425,000
C-7   09254G405   January 9, 2012   1,457   $36,425,000
D-7   09254G504   January 10, 2012   292   $7,300,000

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE: MUE)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
A-7   09254C206   January 6, 2012   1,345   $33,625,000
B-7   09254C305   January 5, 2012   1,345   $33,625,000
C-7   09254C404   January 11, 2012   2,550   $63,750,000

BlackRock MuniHoldings Fund II, Inc. (NYSE: MUH)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
A-7   09253P208   January 11, 2012   1,101   $27,525,000
B-7   09253P307   January 9, 2012   1,101   $27,525,000

BlackRock MuniHoldings Quality Fund, Inc. (NYSE: MUS)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
A-7   09254A200   January 6, 2012   1,740   $43,500,000
B-7   09254A309   January 10, 2012   1,740   $43,500,000

BlackRock MuniVest Fund, Inc. (AMEX: MVF)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
A-28   09253R204   January 9, 2012   1,460   $36,500,000
B-28   09253R303   January 17, 2012   1,460   $36,500,000
D-28   09253R501   January 3, 2012   1,460   $36,500,000
E-7   09253R600   January 3, 2012   2,190   $54,750,000
F-7   09253R709   January 11, 2012   1,723   $43,075,000

BlackRock MuniVest Fund II, Inc. (NYSE: MVT)
      Shares to be   Amount to be
Series   CUSIP   Redemption Date   Redeemed   Redeemed
A-28   09253T200   January 12, 2012   1,440   $36,000,000
C-7   09253T408   January 12, 2012   1,440   $36,000,000
D-7   09253T507   January 10, 2012   1,280   $32,000,000

BlackRock will continue to keep market participants and shareholders informed of its closed-end funds’ progress to redeem ARPS via press releases and on BlackRock’s website at www.blackrock.com.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2011, BlackRock’s AUM was $3.345 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 September 30, 2011, the firm had approximately 10,200 employees in 27 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 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 the fund or in the fund’s net asset value; (2) the relative and absolute investment performance of the 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 the 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 the 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.

The Annual and Semi-Annual Reports and other regulatory filings of the fund with the Securities and Exchange Commission (“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 fund. The information contained on our website is not a part of this press release.

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