BlackRock Announces Redemption Of Certain Auction Rate Preferred Shares Issued By BlackRock Closed-End Funds

BlackRock Advisors, LLC today announced the redemption details for auction rate preferred shares (“ARPS”) issued by four 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 March 22, 2012.

Please see redemption details below.

BlackRock California Municipal Income Trust (NYSE:BFZ)
                  Shares to be       Amount to be
Series       CUSIP       Redemption Date       Redeemed       Redeemed
T-7       09248E201       April 18, 2012       2,351       $58,775,000
R-7       09248E300       April 13, 2012       2,351       $58,775,000
F-7       09248E409       April 16, 2012       2,151       $53,775,000

BlackRock New Jersey Municipal Income Trust (NYSE: BNJ)
                  Shares to be       Amount to be
Series       CUSIP       Redemption Date       Redeemed       Redeemed
R-7       09248J200       April 13, 2012       2,364       $59,100,000

BlackRock New York Municipal Income Trust (NYSE: BNY)
                  Shares to be       Amount to be
Series       CUSIP       Redemption Date       Redeemed       Redeemed
W-7       09248L205       April 12, 2012       1,890       $47,250,000
F-7       09248L304       April 16, 2012       1,890       $47,250,000

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE: MUC)
                  Shares to be       Amount to be
Series       CUSIP       Redemption Date       Redeemed       Redeemed
A-7       09254L206       April 17, 2012       1,251       $31,275,000
B-7       09254L305       April 16, 2012       2,527       $63,175,000

      09254L404       April 13, 2012       2,084       $52,100,000
D-7       09254L503       April 12, 2012       1,928       $48,200,000
E-7       09254L602       April 18, 2012       2,370       $59,250,000

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

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2011, BlackRock’s AUM was $3.513 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 December 31, 2011, the firm has approximately 10,100 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 BlackRock's website at

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.

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 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 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) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at and on BlackRock’s website at, and may discuss these or other factors that affect the funds. The information contained on BlackRock’s website is not a part of this press release.

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