Press Release: Distribution Dates and Amounts -4-

道琼斯 · Feb 2, 2019 06:00

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)--February 01, 2019--

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

Municipal Funds:
------------------------------------------------------------------------------

Declaration- Ex-Date- Record- Payable-
2/1/2019 2/14/2019 2/15/2019 3/1/2019

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 $0.050500 -
BlackRock Muni Intermediate
Duration Fund, Inc. MUI $0.044500 -
BlackRock Municipal Income
Investment Trust BBF $0.058000 -
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 $0.067500 -
BlackRock MuniYield Quality Fund
II, Inc. MQT $0.048000 -
BlackRock MuniYield Quality Fund,
Inc. MQY $0.056000 -
BlackRock MuniHoldings Quality
Fund II, Inc.* MUE $0.049000 -
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 $0.059000 -
BlackRock MuniYield Investment
Fund MYF $0.062000 -
BlackRock MuniYield Quality Fund
III, Inc. MYI $0.050500 -
BlackRock MuniVest Fund, Inc. MVF $0.038500 -

Change From
Prior
State-Specific Funds Ticker Distribution Distribution
-------------------------------- ------- ------------ -------------

BlackRock MuniHoldings
California Quality Fund, Inc. MUC $0.047500 -
BlackRock California Municipal
Income Trust BFZ $0.044500 -
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 $0.053000 -
BlackRock MuniYield Arizona Fund,
Inc. MZA $0.047000 -
BlackRock Virginia Municipal Bond
Trust BHV $0.053500 -
BlackRock Massachusetts
Tax-Exempt Trust MHE $0.044000 -

Taxable Municipal Fund:
------------------------------------------------------------------------------

Declaration- Ex-Date- Record-2/15/2019 Payable-
2/1/2019 2/14/2019 2/28/2019

Change From
Prior
Fund Ticker Distribution Distribution
-------------------------------- ------- ------------ -------------
BlackRock Taxable Municipal Bond
Trust* BBN $0.118800 -

Taxable Funds:
------------------------------------------------------------------------------

Declaration- Ex-Date- Record-2/15/2019 Payable-
2/1/2019 2/14/2019 2/28/2019

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-2/15/2019 Payable-
2/1/2019 2/14/2019 2/28/2019

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, 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

February 01, 2019 17:00 ET (22:00 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. 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 January 9, 2019 or January 31, 2019, as applicable, and for their current fiscal year are as follows:

Estimated Allocations as of January 9, 2019
-------------------------------------------------------------------------------
Net Net
Realized Realized
Net Investment Short-Term Long-Term Return of
Fund Distribution Income Gains Gains Capital
------- ------------ --------------- ---------- --------- ---------------
EGF(1) $0.041000 $0.017082 (42%) $0 (0%) $0 (0%) $0.023918 (58%)
-------- ------------ --------------- ---------- --------- ---------------

Estimated Allocations as of January 31, 2019
-------------------------------------------------------------------------------------------
Net Realized Net Realized
Net Investment Short-Term Long-Term Return of
Fund Distribution Income Gains Gains Capital
------- ------------ --------------- ---------------- --------------- ---------------
BCX(1) $0.051600 $0.049921 (97%) $0 (0%) $0 (0%) $0.001679 (3%)
-------- ------------ --------------- ---------------- --------------- ---------------
BDJ $0.046700 $0.022758 (49%) $0.023942 (51%) $0 (0%) $0 (0%)
-------- ------------ --------------- ---------------- --------------- ---------------
BGR(1) $0.077600 $0.049832 (64%) $0 (0%) $0 (0%) $0.027768 (36%)
-------- ------------ --------------- ---------------- --------------- ---------------
BGY(1) $0.033800 $0.013321 (39%) $0 (0%) $0 (0%) $0.020479 (61%)
-------- ------------ --------------- ---------------- --------------- ---------------
BME $0.200000 $0.014151 (7%) $0.185849 (93%) $0 (0%) $0 (0%)
-------- ------------ --------------- ---------------- --------------- ---------------
BOE $0.063000 $0.038537 (61%) $0.024463 (39%) $0 (0%) $0 (0%)
-------- ------------ --------------- ---------------- --------------- ---------------
BUI $0.121000 $0.077483 (64%) $0 (0%) $0.043517 (36%) $0 (0%)
-------- ------------ --------------- ---------------- --------------- ---------------
CII(1) $0.082800 $0.029324 (35%) $0 (0%) $0 (0%) $0.053476 (65%)
-------- ------------ --------------- ---------------- --------------- ---------------
BST $0.150000 $0 (0%) $0.150000 (100%) $0 (0%) $0 (0%)
-------- ------------ --------------- ---------------- --------------- ---------------

Estimated Allocations (for Fiscal Year ended December 31, 2018) through January
9, 2019
--------------------------------------------------------------------------------
Net Net
Realized Realized
Net Investment Short-Term Long-Term Return of
Fund Distribution Income Gains Gains Capital
------- ------------ --------------- ---------- --------- ----------------
EGF(1) $0.492000 $0.324496 (66%) $0 (0%) $0 (0%) $0.167504 (34%)
-------- ------------ --------------- ---------- --------- ----------------

Estimated Allocations for the Fiscal Year through January 31, 2019
-------------------------------------------------------------------------------------------
Net Realized Net Realized
Net Investment Short-Term Long-Term Return of
Fund Distribution Income Gains Gains Capital
------- ------------ --------------- ---------------- --------------- ---------------
BCX(1) $0.051600 $0.049921 (97%) $0 (0%) $0 (0%) $0.001679 (3%)
-------- ------------ --------------- ---------------- --------------- ---------------
BDJ $0.046700 $0.022758 (49%) $0.023942 (51%) $0 (0%) $0 (0%)
-------- ------------ --------------- ---------------- --------------- ---------------
BGR(1) $0.077600 $0.049832 (64%) $0 (0%) $0 (0%) $0.027768 (36%)
-------- ------------ --------------- ---------------- --------------- ---------------
BGY(1) $0.033800 $0.013321 (39%) $0 (0%) $0 (0%) $0.020479 (61%)
-------- ------------ --------------- ---------------- --------------- ---------------
BME $0.200000 $0.014151 (7%) $0.185849 (93%) $0 (0%) $0 (0%)
-------- ------------ --------------- ---------------- --------------- ---------------
BOE $0.063000 $0.038537 (61%) $0.024463 (39%) $0 (0%) $0 (0%)
-------- ------------ --------------- ---------------- --------------- ---------------
BUI $0.121000 $0.077483 (64%) $0 (0%) $0.043517 (36%) $0 (0%)
-------- ------------ --------------- ---------------- --------------- ---------------
CII(1) $0.082800 $0.029324 (35%) $0 (0%) $0 (0%) $0.053476 (65%)
-------- ------------ --------------- ---------------- --------------- ---------------
BST $0.150000 $0 (0%) $0.150000 (100%) $0 (0%) $0 (0%)
-------- ------------ --------------- ---------------- --------------- ---------------

(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 12/31/2018 12/31/2018 12/31/2018 12/31/2018
----- --------------- ------------- --------------- -------------
BCX (1.80)% 7.04% (14.90)% 0.59%
------ --------------- ------------- --------------- -------------
BDJ 6.03% 6.26% (6.70)% 0.52%
------ --------------- ------------- --------------- -------------
BGR (7.60)% 7.25% (18.89)% 0.60%
------ --------------- ------------- --------------- -------------
BGY (1.00)% 6.95% (11.48)% 0.58%
------ --------------- ------------- --------------- -------------
BME 11.40% 6.66% 7.23% 0.55%
------ --------------- ------------- --------------- -------------
BOE 1.52% 6.79% (9.63)% 0.57%
------ --------------- ------------- --------------- -------------
BUI 5.62% 7.65% (4.40)% 0.64%
------ --------------- ------------- --------------- -------------
CII 7.31% 6.37% (5.44)% 0.53%
------ --------------- ------------- --------------- -------------
BST* 14.74% 6.60% 0.24% 0.55%

(MORE TO FOLLOW) Dow Jones Newswires

February 01, 2019 17:00 ET (22:00 GMT)

Press Release: Distribution Dates and Amounts -3-

------ --------------- ------------- --------------- -------------
EGF 1.79% 3.66% 0.27% 3.66%
------ --------------- ------------- --------------- -------------

*Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 12/31/2018.

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.

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. The fixed amount distributed per share is subject to change at the discretion of BKT's Board. 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.

BKT's estimated sources of the distributions paid as of January 9, 2019 and for its current fiscal year is as follows:

(2) BKT estimates that it has distributed more than its income and net realized capital gains in the current fiscal year; therefore, a portion of the distribution may be a return of capital. A return of capital may occur, for example, when some or all of a stockholder's investment is paid back to the stockholder. A return of capital distribution does not necessarily reflect BKT's investment performance and should not be confused with 'yield' or 'income'. When distributions exceed total return performance, the difference will reduce BKT'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 BKT's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. BKT will send its stockholders a Form 1099-DIV for the calendar year that will illustrate how to report these distributions for federal income tax purposes

No conclusions should be drawn about the BKT's investment performance from the amount of the Fund's distributions or from the terms of the Fund's Plan.

The amount distributed per share under a Plan is subject to change at the discretion of the applicable Fund's Board. Each 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 a Plan or suspend or terminate a Plan at any time without prior notice to the Fund's shareholders if it deems such actions to be in the best interest of the Fund or its shareholders. The amendment or termination of a 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 investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of December 31, 2018, the firm managed approximately $5.98 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.

(MORE TO FOLLOW) Dow Jones Newswires

February 01, 2019 17:00 ET (22:00 GMT)

Press Release: Distribution Dates and Amounts -4-

View source version on businesswire.com: https://www.businesswire.com/news/home/20190201005491/en/

CONTACT: BlackRock Closed-End Funds

1-800-882-0052

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February 01, 2019 17:00 ET (22:00 GMT)

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Press Release: Distribution Dates and Amounts -4-

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