Press Release: Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
NEW YORK--(BUSINESS WIRE)--July 02, 2018--
Certain BlackRock closed-end funds (the "Funds") announced distributions today as detailed below. BlackRock Floating Rate Income Trust (NYSE:BGT), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA), BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT), and BlackRock Science and Technology Trust (NYSE:BST) announced increases in their monthly distribution rates and several Funds announced a decrease in their monthly distribution rates. Generally, these distribution changes were made in order to better align the applicable Funds' distribution rates with their current and projected level of earnings.
Municipal Funds: -------------- Declaration- Ex-Date- Record- Payable- 7/2/2018 7/13/2018 7/16/2018 8/1/2018 Change From Prior National Funds Ticker Distribution Distribution -------------------------------- ------- ------------ ------------- BlackRock Municipal Income Quality Trust BYM $0.052000 - BlackRock Municipal Income Investment Quality Trust BAF $0.058500 (0.010000) BlackRock Long-Term Municipal Advantage Trust BTA $0.054500 - BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.044500 - BlackRock Municipal Income Investment Trust* BBF $0.060500 (0.006000) BlackRock MuniAssets Fund, Inc. MUA $0.054500 - BlackRock Municipal Bond Trust BBK $0.063500 - BlackRock Municipal Income Trust BFK $0.058500 - BlackRock Municipal Income Trust II BLE $0.058000 (0.007000) BlackRock Investment Quality Municipal Trust, Inc. BKN $0.057000 - BlackRock Municipal 2030 Target Term Trust BTT $0.062400 (0.009400) The BlackRock Strategic Municipal Trust BSD $0.057000 - BlackRock MuniEnhanced Fund, Inc. MEN $0.048000 - BlackRock MuniHoldings Investment Quality Fund MFL $0.056500 - BlackRock MuniYield Investment Quality Fund MFT $0.059000 (0.008000) BlackRock MuniHoldings Fund, Inc. MHD $0.070000 - BlackRock MuniYield Quality Fund II, Inc. MQT $0.048000 (0.006000) BlackRock MuniYield Quality Fund, Inc. MQY $0.056000 (0.007000) BlackRock MuniHoldings Quality Fund II, Inc. MUE $0.054000 - BlackRock MuniHoldings Fund II, Inc. MUH $0.061500 (0.006000) BlackRock MuniHoldings Quality Fund, Inc. MUS $0.050500 (0.013000) BlackRock MuniVest Fund II, Inc. MVT $0.063500 - BlackRock MuniYield Fund, Inc. MYD $0.061000 - BlackRock MuniYield Investment Fund MYF $0.069500 - BlackRock MuniYield Quality Fund III, Inc. MYI $0.050500 (0.008000) BlackRock MuniVest Fund, Inc. MVF $0.041000 - BlackRock Municipal 2018 Term Trust BPK $0.005000 - BlackRock Municipal 2020 Term Trust BKK $0.031800 (0.007700) Change From Prior State-Specific Funds Ticker Distribution Distribution -------------------------------- ------- ------------ ------------- BlackRock MuniHoldings California Quality Fund, Inc. MUC $0.047500 (0.006000) BlackRock California Municipal Income Trust* BFZ $0.047000 (0.008000) BlackRock MuniYield California Fund, Inc. MYC $0.052000 - BlackRock MuniYield California Quality Fund, Inc. MCA $0.052000 - BlackRock California Municipal 2018 Trust BJZ $0.002500 - BlackRock Maryland Municipal Bond Trust BZM $0.047400 - BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.052000 (0.005000) BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.040000 - BlackRock MuniHoldings New York Quality Fund, Inc. MHN $0.044500 (0.006000) BlackRock MuniYield New York Quality Fund, Inc. MYN $0.042500 (0.005000) BlackRock New York Municipal Income Quality Trust* BSE $0.040500 (0.006000) BlackRock New York Municipal Bond Trust BQH $0.046000 - BlackRock New York Municipal Income Trust BNY $0.044500 (0.006000) BlackRock New York Municipal Income Trust II BFY $0.049000 - BlackRock New York Municipal 2018 Trust BLH $0.002500 - BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.052500 (0.007000) BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.060500 - BlackRock MuniYield Pennsylvania Quality Fund MPA $0.055500 - BlackRock MuniYield Arizona Fund, Inc. MZA $0.052000 - BlackRock Virginia Municipal Bond Trust BHV $0.063000 - BlackRock Massachusetts Tax-Exempt Trust MHE $0.044000 - Taxable Municipal Fund: -------------- Declaration- Ex-Date- Record- Payable- 7/2/2018 7/13/2018 7/16/2018 7/31/2018 Change From Prior Fund Ticker Distribution Distribution ---------------- ------- ------------ ------------- BlackRock Taxable Municipal Bond Trust BBN $0.118800 (0.013000) Taxable Funds: ------------- Declaration- Ex-Date- Record- Payable- 7/2/2018 7/13/2018 7/16/2018 7/31/2018 Change From Prior Fund Ticker Distribution Distribution ---------------- ------- ------------ ------------- BlackRock Floating Rate Income Trust BGT $0.061800 0.003500 BlackRock Core Bond Trust BHK $0.065000 - BlackRock Multi-Sector Income Trust* BIT $0.116700 - BlackRock Income Trust, Inc. BKT $0.026500 - BlackRock Limited Duration Income Trust BLW $0.079500 - BlackRock Credit Allocation Income Trust BTZ $0.067000 - BlackRock Debt Strategies Fund, Inc.* DSU $0.068500 - BlackRock Enhanced Government Fund, Inc.* EGF $0.041000 - BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.064500 0.003500 BlackRock Corporate High Yield Fund, Inc. HYT $0.072000 0.002000 BlackRock 2022 Global Income Opportunity Trust BGIO $0.050000 - Equity Funds: ------------- Declaration- Ex-Date- Record- Payable- 7/2/2018 7/13/2018 7/16/2018 7/31/2018 Change From Prior Fund Ticker Distribution Distribution ---------------- ------- ------------ ------------- BlackRock Resources & Commodities Strategy Trust* BCX $0.051600 - BlackRock Enhanced Equity Dividend Trust* BDJ $0.046700 - BlackRock Energy and Resources Trust* BGR $0.077600 - BlackRock Enhanced International Dividend Trust* BGY $0.038000 - BlackRock Health Sciences Trust* BME $0.200000 - BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.082800 - BlackRock Enhanced Global Dividend Trust* BOE $0.063000 (0.015000) BlackRock Utilities, Infrastructure & Power Opportunities Trust* BUI $0.121000 - BlackRock Science and Technology Trust* BST $0.150000 0.020000
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Press Release: Distribution Dates and Amounts -2-
* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended, each of the Funds noted above posted to the DTC bulletin board and sent to its shareholders of record as of the applicable record date a Section 19 notice with the previous distribution payment. The Section 19 notice was provided for informational purposes only and not for tax reporting purposes. This information can be found in the "Closed-End Funds" section of www.blackrock.com. As applicable, the final determination of the source and tax characteristics of all distributions in 2018 will be made after the end of the year.
BlackRock Resources & Commodities Strategy Trust (NYSE:BCX), BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ), BlackRock Energy and Resources Trust (NYSE:BGR), BlackRock Enhanced International Dividend Trust (NYSE:BGY), BlackRock Health Sciences Trust (NYSE:BME), BlackRock Enhanced Global Dividend Trust (NYSE:BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI), BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII), BlackRock Science and Technology Trust (NYSE:BST), and BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) (collectively, the "Plan Funds") have adopted a level distribution plan (a "Plan") and employ a managed distribution and/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 Plan Fund's Board of Directors/Trustees. Under its Plan, each Plan Fund will distribute all available investment income to its shareholders, consistent with its investment objectives and as required by the Internal Revenue Code of 1986, as amended. If sufficient investment income is not available on a monthly basis, each Plan Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.
The Plan Funds' estimated sources of the distributions paid as of June 29, 2018 and for their current fiscal year are as follows:
Estimated Allocations as of June 29, 2018 ------------------------------------------------------------------------- --------------- Net Realized Net Investment Short-Term Net Realized Return of Fund Distribution Income Gains Long-Term Gains Capital ------- ------------ --------------- -------------- ---------------- --------------- BCX(1) $0.051600 $0.013991 (27%) $0 (0%) $0 (0%) $0.037609 (73%) -------- ------------ --------------- -------------- ---------------- --------------- BDJ $0.046700 $0.018036 (39%) $0 (0%) $0.028664 (61%) $0 (0%) -------- ------------ --------------- -------------- ---------------- --------------- BGR(1) $0.077600 $0.037592 (48%) $0 (0%) $0 (0%) $0.040008 (52%) -------- ------------ --------------- -------------- ---------------- --------------- BGY $0.038000 $0.006607 (17%) $0 (0%) $0.031393 (83%) $0 (0%) -------- ------------ --------------- -------------- ---------------- --------------- BME $0.200000 $0.002786 (1%) $0 (0%) $0.197214 (99%) $0 (0%) -------- ------------ --------------- -------------- ---------------- --------------- BOE(1) $0.078000 $0.026624 (34%) $0 (0%) $0 (0%) $0.051376 (66%) -------- ------------ --------------- -------------- ---------------- --------------- BUI(1) $0.121000 $0.114888 (95%) $0.006112 (5%) $0 (0%) $0 (0%) -------- ------------ --------------- -------------- ---------------- --------------- CII(1) $0.082800 $0.018676 (23%) $0 (0%) $0 (0%) $0.064124 (77%) -------- ------------ --------------- -------------- ---------------- --------------- BST $0.130000 $0 (0%) $0 (0%) $0.130000 (100%) $0 (0%) -------- ------------ --------------- -------------- ---------------- --------------- EGF(1) $0.041000 $0.023172 (57%) $0 (0%) $0 (0%) $0.017828 (43%) -------- ------------ --------------- -------------- ---------------- --------------- Estimated Allocations for the Fiscal Year through June 29, 2018 -------------------------------------------------------------------------- --------------- Net Realized Net Investment Short-Term Net Realized Return of Fund Distribution Income Gains Long-Term Gains Capital ------- ------------ --------------- --------------- ---------------- --------------- BCX(1) $0.309600 $0.108728 (35%) $0 (0%) $0 (0%) $0.200872 (65%) -------- ------------ --------------- --------------- ---------------- --------------- BDJ $0.280200 $0.081478 (29%) $0.008302 (3%) $0.190420 (68%) $0 (0%) -------- ------------ --------------- --------------- ---------------- --------------- BGR(1) $0.465600 $0.138969 (30%) $0 (0%) $0 (0%) $0.326631 (70%) -------- ------------ --------------- --------------- ---------------- --------------- BGY $0.228000 $0.113511 (50%) $0 (0%) $0.114489 (50%) $0 (0%) -------- ------------ --------------- --------------- ---------------- --------------- BME $1.200000 $0.047943 (4%) $0.009451 (1%) $1.142606 (95%) $0 (0%) -------- ------------ --------------- --------------- ---------------- --------------- BOE(1) $0.468000 $0.185780 (40%) $0.097648 (21%) $0 (0%) $0.184572 (39%) -------- ------------ --------------- --------------- ---------------- --------------- BUI(1) $0.726000 $0.288398 (40%) $0.047828 (7%) $0.023475 (3%) $0.366299 (50%) -------- ------------ --------------- --------------- ---------------- --------------- CII(1) $0.496800 $0.082050 (17%) $0 (0%) $0 (0%) $0.414750 (83%) -------- ------------ --------------- --------------- ---------------- --------------- BST $0.780000 $0 (0%) $0 (0%) $0.780000 (100%) $0 (0%) -------- ------------ --------------- --------------- ---------------- --------------- EGF(1) $0.205000 $0.127902 (62%) $0 (0%) $0 (0%) $0.077098 (38%) -------- ------------ --------------- --------------- ---------------- ---------------
(1) The Plan 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 the Plan Fund's investment performance and should not be confused with 'yield' or 'income'. When distributions exceed total return performance, the difference will reduce the Plan Fund's net asset value per share.
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 Plan Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Plan Fund 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: ------------------------------------------------------- ------------- Annualized Average annual current Cumulative Cumulative total return distribution total return fiscal year (in relation to rate (in relation to distributions NAV) for the expressed as NAV) for the as a 5-year period a percentage fiscal year percentage of ending on of NAV as of through NAV as of Fund 5/31/2018 5/31/2018 5/31/2018 5/31/2018 ----- --------------- ------------- --------------- ------------- BCX 2.87% 5.89% 0.38% 2.45% ------ --------------- ------------- --------------- ------------- BDJ 9.50% 5.75% (0.68)% 2.39% ------ --------------- ------------- --------------- ------------- BGR (1.15)% 5.88% 3.63% 2.45% ------ --------------- ------------- --------------- ------------- BGY 2.76% 7.14% (6.07)% 2.97% ------ --------------- ------------- --------------- ------------- BME 14.25% 6.50% 3.92% 2.71% ------ --------------- ------------- --------------- ------------- BOE 5.01% 7.81% (6.38)% 3.25% ------ --------------- ------------- --------------- ------------- BUI 7.76% 7.29% (1.88)% 3.04% ------ --------------- ------------- --------------- ------------- CII 11.73% 5.75% 1.06% 2.40% ------ --------------- ------------- --------------- ------------- BST* 21.72% 4.80% 14.29% 2.00% ------ --------------- ------------- --------------- ------------- EGF 1.53% 3.62% (0.76)% 1.51% ------ --------------- ------------- --------------- -------------
*Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 5/31/2018.
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