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           August 31, 2012           $0.070000      
      BOE           August 31, 2012           $0.410000      
      BQY           August 31, 2012           $0.250000      
      BUI           August 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 August 31, 2012
Fund     Distribution    

Net Investment

Income
   

Net Realized

Short-Term Gains
   

 

Net Realized

Long-Term Gains
    Return of Capital
EGF 1     $0.070000     $0.054877 (78%)     $0 (0%)     $0 (0%)     $0.015123 (22%)
BOE 1     $0.410000     $0.059138 (14%)     $0 (0%)     $0 (0%)     $0.350862 (86%)
BQY 1     $0.250000     $0.080065 (32%)     $0.069192 (28%)     $0.075465 (30%)     $0.025278 (10%)
BUI 1     $0.362500     $0.209247 (58%)     $0 (0%)     $0 (0%)     $0.153253 (42%)
   

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

Net Investment

Income
   

Net Realized

Short-Term Gains
   

 

Net Realized

Long-Term Gains
    Return of Capital
EGF 1     $0.490000     $0.421911 (86%)     $0 (0%)     $0 (0%)     $0.068089 (14%)
BOE 1     $1.957500     $0.186576 (10%)     $0 (0%)     $0 (0%)     $1.770924 (90%)
BQY 1     $1.270000     $0.279292 (22%)     $0.680904 (54%)     $0.236565 (19%)     $0.073239 (5%)
BUI 1     $1.087500     $0.444708 (41%)     $0.038022 (3%)     $0 (0%)     $0.604770 (56%)

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 annual

total return (in

relation to NAV)

for the 5-year

period ending on

07/31/2012
   

Annualized current

distribution rate

expressed as a

percentage of NAV as

of 07/31/2012
   

Cumulative total return

(in relation to NAV) for

the fiscal year through

07/31/2012
   

Cumulative fiscal year

distributions as a

percentage of NAV as

of 07/31/2012
EGF     5.31%     5.18%     2.65%     2.59%
BOE     (0.37)%     11.18%     1.97%     10.55%
BQY     0.05%     7.42%     7.41%     7.57%
BUI*     16.40%     7.11%     10.92%     3.56%

* Portfolio launched within the past 5 years; this represents the average annual total return (in relation to NAV) from inception to 07/31/2012.

If you liked this article you might like

Trump Taps Boeing Executive as Deputy Defense Secretary

3 Stocks Going Ex-Dividend Wednesday: JHY, CEN, BOE

Monday's Ex-Dividends To Watch: JSD, BOE, SJR

Tomorrow's Ex-Dividends To Watch: JPW, BUI, BOE

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: NEV, MYD, BOE