Certain BlackRock Closed-End Funds Announce Estimated Sources Of Distributions

BlackRock Global Opportunities Equity Trust (NYSE:BOE), BlackRock S&P Quality Rankings Global Equity Managed Trust (NYSE AMEX:BQY), BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) and BlackRock Utility and Infrastructure Trust (NYSE:BUI) (the “Funds”) today paid the following dividends per share:
             
Ticker     Pay Date     Per Share
EGF     May 31, 2012     $ 0.070000
BOE     May 31, 2012     $ 0.410000
BQY     May 31, 2012     $ 0.250000
BUI     May 31, 2012     $ 0.362500
       

Each of the Funds has adopted a level distribution plan (the “Plan”) and employs either a managed distribution 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 Fund’s Board. Under its Plan, each 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, the Funds will distribute long-term capital gains and or return capital to their shareholders in order to maintain a level distribution.

The Funds’ estimated sources of the distributions paid this month and for their current fiscal years are as follows:
Estimated Allocations as of May 31, 2012      
Fund     Distribution    

Net InvestmentIncome
   

Net RealizedShort-Term Gains
   

Net RealizedLong-Term Gains
    Return of Capital
EGF 1     $ 0.070000     $ 0.055662 (80 %)     $0 (0%)     $0 (0%)     $ 0.014338 (20 %)
BOE 1     $ 0.410000     $ 0.093037 (23 %)     $0 (0%)     $0 (0%)     $ 0.316963 (77 %)
BQY 1     $ 0.250000     $ 0.131327 (53 %)     $0.038813 (16%)     $0.016688 (6%)     $ 0.063172 (25 %)
BUI 1     $ 0.362500     $ 0.160492 (44 %)     $0.031992 (9%)     $0 (0%)     $ 0.170016 (47 %)
                   

Estimated Allocations for the Fiscal Year Through May 31, 2012
     
Fund     Distribution    

Net InvestmentIncome
   

Net RealizedShort-Term Gains
   

Net RealizedLong-Term Gains
    Return of Capital
EGF 1     $ 0.280000     $ 0.254597 (91 %)     $0 (0%)     $0 (0%)     $ 0.025403 (9 %)
BOE 1     $ 1.547500     $ 0.127437 (8 %)     $0 (0%)     $0 (0%)     $ 1.420063 (92 %)
BQY 1     $ 1.020000     $ 0.199227 (20 %)     $0.611713 (60%)     $0.145888 (14%)     $ 0.063172 (6 %)
BUI 1     $ 0.725000     $ 0.235461 (32 %)     $0.038022 (5%)     $0 (0%)     $ 0.451517 (63 %)
 

1The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your 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 Fund's investment performance and should not be confused with ‘yield’ or ‘income’.

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 Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Fund Performance and Distribution Rate Information:
Trust  

Average annualtotal return (inrelation to NAV)for the 5-yearperiod ending on04/30/2012
 

Annualized currentdistribution rateexpressed as apercentage of NAV asof 04/30/2012
 

Cumulative total return(in relation to NAV) forthe fiscal year through04/30/2012
 

Cumulative fiscal yeardistributions as apercentage of NAV asof 04/30/2012
EGF   4.83 %   5.17 %   1.38 %   1.29 %
BOE   0.64 %   10.43 %   5.91 %   7.24 %
BQY   (0.50 )%   7.28 %   7.27 %   5.60 %
BUI*   17.40 %   7.22 %   7.14 %   1.80 %
       

* Portfolio launched within the past 5 years; this represents the average annual total return (in relation to NAV) from inception to 04/30/2012.

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