Press Release: Distribution Dates and Amounts -3-

道琼斯 · Nov 2, 2018 05:00

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)--November 01, 2018--

Certain BlackRock closed-end funds (the "Funds") announced distributions today as detailed below.

Municipal Funds:

Declaration- Ex-Date- Record- Payable-
11/1/2018 11/14/2018 11/15/2018 12/3/2018

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 -
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 -
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 -
BlackRock Investment Quality
Municipal Trust, Inc. BKN $0.057000 -
BlackRock Municipal 2030
Target Term Trust BTT $0.062400 -
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 -
BlackRock MuniHoldings Fund,
Inc. MHD $0.070000 -
BlackRock MuniYield Quality
Fund II, Inc. MQT $0.048000 -
BlackRock MuniYield Quality
Fund, Inc. MQY $0.056000 -
BlackRock MuniHoldings
Quality Fund II, Inc. MUE $0.054000 -
BlackRock MuniHoldings Fund
II, Inc. MUH $0.061500 -
BlackRock MuniHoldings
Quality Fund, Inc. MUS $0.050500 -
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 -
BlackRock MuniVest Fund, Inc. MVF $0.041000 -
BlackRock Municipal 2020 Term
Trust BKK $0.031800 -

Change From
Prior
State-Specific Funds Ticker Distribution Distribution
-------------------------- ------- ------------ -------------
BlackRock MuniHoldings
California Quality Fund,
Inc. MUC $0.047500 -
BlackRock California
Municipal Income Trust BFZ $0.047000 -
BlackRock MuniYield
California Fund, Inc. MYC $0.052000 -
BlackRock MuniYield
California Quality Fund,
Inc. MCA $0.052000 -
BlackRock Florida Municipal
2020 Term Trust BFO $0.026000 -
BlackRock Maryland Municipal
Bond Trust BZM $0.047400 -
BlackRock MuniYield Michigan
Quality Fund, Inc. MIY $0.052000 -
BlackRock Muni New York
Intermediate Duration Fund,
Inc. MNE $0.040000 -
BlackRock MuniHoldings New
York Quality Fund, Inc. MHN $0.044500 -
BlackRock MuniYield New York
Quality Fund, Inc. MYN $0.042500 -
BlackRock New York Municipal
Income Quality Trust BSE $0.040500 -
BlackRock New York Municipal
Bond Trust BQH $0.046000 -
BlackRock New York Municipal
Income Trust BNY $0.044500 -
BlackRock New York Municipal
Income Trust II BFY $0.049000 -
BlackRock MuniHoldings New
Jersey Quality Fund, Inc. MUJ $0.052500 -
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:

Taxable Funds:

Declaration- Ex-Date- Record-11/15/2018 Payable-
11/1/2018 11/14/2018 11/30/2018

Change From
Prior
Fund Ticker Distribution Distribution
-------------------------- ------- ------------ -------------
BlackRock Floating Rate
Income Trust BGT $0.061800 -
BlackRock Core Bond Trust BHK $0.065000 -
BlackRock Multi-Sector Income
Trust* BIT $0.116700 -
BlackRock Income Trust, Inc.* BKT $0.034400 -
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 -
BlackRock Corporate High
Yield Fund, Inc. HYT $0.072000 -
BlackRock 2022 Global Income
Opportunity Trust BGIO $0.050000 -

Equity Funds:

Declaration- Ex-Date- Record-11/15/2018 Payable-
11/1/2018 11/14/2018 11/30/2018

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 $0.033800 -
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 -
BlackRock Utilities,
Infrastructure & Power
Opportunities Trust* BUI $0.121000 -
BlackRock Science and
Technology Trust* BST $0.150000 -

* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act"), 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.

(MORE TO FOLLOW) Dow Jones Newswires

November 01, 2018 17:00 ET (21:00 GMT)

Press Release: Distribution Dates and Amounts -2-

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 managed distribution plan (a "Plan") and employ 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 (the "Code"). 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 October 31, 2018 and for their current fiscal year are as follows:

Estimated Allocations as of October 31, 2018
---------------------------------------------------------------------------- ---------------
Net Realized
Net Investment Short-Term Net Realized Return of
Fund Distribution Income Gains Long-Term Gains Capital
------- ------------ --------------- --------------- ---------------- ---------------
BCX(1) $0.051600 $0.003091 (6%) $0 (0%) $0 (0%) $0.048509 (94%)
---------- ------------ --------------- --------------- ---------------- ---------------
BDJ $0.046700 $0.010136 (22%) $0 (0%) $0.036564 (78%) $0 (0%)
---------- ------------ --------------- --------------- ---------------- ---------------
BGR(1) $0.077600 $0.006334 (8%) $0 (0%) $0 (0%) $0.071266 (92%)
---------- ------------ --------------- --------------- ---------------- ---------------
BGY $0.033800 $0 (0%) $0 (0%) $0.033800 (100%) $0 (0%)
---------- ------------ --------------- --------------- ---------------- ---------------
BME(1) $0.200000 $0.007816 (4%) $0 (0%) $0.192184 (96%) $0 (0%)
---------- ------------ --------------- --------------- ---------------- ---------------
BOE(1) $0.063000 $0.004985 (8%) $0 (0%) $0.014426 (23%) $0.043589 (69%)
---------- ------------ --------------- --------------- ---------------- ---------------
BUI(1) $0.121000 $0.001394 (1%) $0.016188 (13%) $0.012411 (10%) $0.091007 (76%)
---------- ------------ --------------- --------------- ---------------- ---------------
CII(1) $0.082800 $0.004520 (5%) $0 (0%) $0.043094 (52%) $0.035186 (43%)
---------- ------------ --------------- --------------- ---------------- ---------------
BST $0.150000 $0 (0%) $0 (0%) $0.150000 (100%) $0 (0%)
---------- ------------ --------------- --------------- ---------------- ---------------
EGF(1) $0.041000 $0.027926 (68%) $0 (0%) $0 (0%) $0.013074 (32%)
---------- ------------ --------------- --------------- ---------------- ---------------

Estimated Allocations for the Fiscal Year through October 31, 2018
--------------------------------------------------------------------------- ---------------
Net Realized
Net Investment Short-Term Net Realized Return of
Fund Distribution Income Gains Long-Term Gains Capital
------- ------------ --------------- -------------- ---------------- ---------------
BCX(1) $0.516000 $0.188215 (36%) $0 (0%) $0 (0%) $0.327785 (64%)
---------- ------------ --------------- -------------- ---------------- ---------------
BDJ $0.467000 $0.145641 (31%) $0 (0%) $0.321359 (69%) $0 (0%)
---------- ------------ --------------- -------------- ---------------- ---------------
BGR(1) $0.776000 $0.205259 (26%) $0 (0%) $0 (0%) $0.570741 (74%)
---------- ------------ --------------- -------------- ---------------- ---------------
BGY $0.375800 $0.150281 (40%) $0 (0%) $0.225519 (60%) $0 (0%)
---------- ------------ --------------- -------------- ---------------- ---------------
BME(1) $2.000000 $0.067295 (3%) $0 (0%) $1.197956 (60%) $0.734749 (37%)
---------- ------------ --------------- -------------- ---------------- ---------------
BOE(1) $0.720000 $0.265021 (37%) $0 (0%) $0.017129 (2%) $0.437850 (61%)
---------- ------------ --------------- -------------- ---------------- ---------------
BUI(1) $1.210000 $0.395415 (33%) $0.016188 (1%) $0.036059 (3%) $0.762338 (63%)
---------- ------------ --------------- -------------- ---------------- ---------------
CII(1) $0.828000 $0.131032 (16%) $0 (0%) $0.046890 (6%) $0.650078 (78%)
---------- ------------ --------------- -------------- ---------------- ---------------
BST $1.380000 $0 (0%) $0 (0%) $1.380000 (100%) $0 (0%)
---------- ------------ --------------- -------------- ---------------- ---------------
EGF(1) $0.369000 $0.224661 (61%) $0 (0%) $0 (0%) $0.144339 (39%)
---------- ------------ --------------- -------------- ---------------- ---------------

(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 being provided to you pursuant to regulatory requirements and are not being 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 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 9/30/2018 9/30/2018 9/30/2018 9/30/2018
----- --------------- ------------ --------------- -------------
BCX 2.54% 6.37% 0.41% 4.78%
-------- --------------- ------------ --------------- -------------
BDJ 10.25% 5.83% 5.10% 4.37%
-------- --------------- ------------ --------------- -------------
BGR (2.23)% 6.18% 4.69% 4.64%
-------- --------------- ------------ --------------- -------------
BGY 1.96% 6.78% (4.32)% 5.72%
-------- --------------- ------------ --------------- -------------
BME 14.97% 6.32% 17.53% 4.74%
-------- --------------- ------------ --------------- -------------
BOE 4.64% 6.57% (2.66)% 5.71%
-------- --------------- ------------ --------------- -------------
BUI 7.41% 7.56% (1.65)% 5.67%
-------- --------------- ------------ --------------- -------------
CII 12.18% 5.83% 8.91% 4.37%
-------- --------------- ------------ --------------- -------------
BST* 21.71% 6.12% 21.99% 4.18%
-------- --------------- ------------ --------------- -------------
EGF 1.63% 3.66% (0.62)% 2.74%
-------- --------------- ------------ --------------- -------------

*Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 9/30/2018.

Shareholders should not draw any conclusions about a Plan Fund's investment performance from the amount of the Plan Fund's current distributions or from the terms of a Plan Fund's Plan.

(MORE TO FOLLOW) Dow Jones Newswires

November 01, 2018 17:00 ET (21:00 GMT)

Press Release: Distribution Dates and Amounts -3-

BlackRock Income Trust, Inc. (NYSE:BKT) has adopted a Plan whereby beginning August 2018 the Fund will make fixed monthly distributions to common stockholders and will distribute all available investment income to its stockholders, consistent with its investment objective and as required by the Code. If sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain a level distribution. The Fund is currently not relying on any exemptive relief from Section 19(b) of the 1940 Act. The Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. BKT may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year, if required to meet requirements imposed by the Code and/or the 1940 Act. No conclusions should be drawn about the Fund's investment performance from the amount of the Fund's distributions or from the terms of the Fund's Plan.

BKT's estimated sources of the distributions paid as of October 31, 2018 and for its current fiscal year is as follows:

Estimated Allocations as of October 31, 2018
---------------------------------------------------------------- ---------------
Net Net
Realized Realized
Net Investment Short-Term Long-Term Return of
Fund Distribution Income Gains Gains Capital
----- ------------ --------------- ---------- ----------- ---------------
BKT $0.034400 $0.022495 (65%) $0 (0%) $0 (0%) $0.011905 (35%)
-------- ------------ --------------- ---------- ----------- ---------------

Estimated Allocations for the Fiscal Year through October 31,
2018
---------------------------------------------------------------- ---------------
Net Net
Realized Realized
Net Investment Short-Term Long-Term Return of
Fund Distribution Income Gains Gains Capital
----- ------------ --------------- ---------- ----------- ---------------
BKT $0.068800 $0.047385 (69%) $0 (0%) $0 (0%) $0.021415 (31%)
-------- ------------ --------------- ---------- ----------- ---------------

The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each BKT's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The 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.

The amount distributed per share is subject to change at the discretion of the Fund's Board. The Plan will be subject to ongoing review by the Board to determine whether the Plan should be continued, modified or terminated. The Board may amend the terms of the Plan or suspend or terminate the Plan at any time without prior notice to the Fund's stockholders if it deems such actions to be in the best interest of the Fund or its stockholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund's shares.

About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of September 30, 2018, the firm managed approximately $6.44 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.

Availability of Fund Updates

BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the "Closed-end Funds" section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock's website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock's website in this release.

Forward-Looking Statements

This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund's 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 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 Funds or in a Fund's net asset value; (2) the relative and absolute investment performance of a 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 a 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 www.sec.gov and on BlackRock's website at www.blackrock.com, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181101006168/en/

CONTACT: BlackRock Closed-End Funds

1-800-882-0052

(END) Dow Jones Newswires

November 01, 2018 17:00 ET (21:00 GMT)

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Press Release: Distribution Dates and Amounts -3-

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