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

Several of the municipal Funds announced distribution reductions. Generally, these distribution reductions were made in order to better align the Funds' distribution rates with their current level of earnings. BlackRock Municipal 2018 Term Trust (NYS: BPK) , BlackRock California Municipal 2018 Term Trust (NYS: BJZ) and BlackRock New York Municipal 2018 Term Trust (NYS: BLH) are each term trusts that mature on or about December 31, 2018. BPK, BJZ and BLH's distribution reductions reflect each Fund's projected earnings potential as well as its investment objective of returning $15 per common share (the initial public offering price per common share) to common shareholders at maturity.


Municipal Funds:

Declaration- 3/1/2013     Ex-Date- 3/13/2013     Record- 3/15/2013     Payable- 4/1/2013
           
National Funds Ticker Distribution

Change From

Prior

Distribution

BlackRock Municipal Income Quality Trust BYM $0.078000 -
BlackRock Municipal Income Investment Quality Trust BAF $0.068500 -
BlackRock Long-Term Municipal Advantage Trust BTA $0.062000 -
BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.071500 -
BlackRock MuniAssets Fund, Inc. MUA $0.062500 -
BlackRock Municipal 2018 Term Trust BPK $0.061000 -$0.014800
BlackRock Municipal Bond Trust BBK $0.078500 -$0.005000
BlackRock Municipal Bond Investment Trust BIE $0.076000 -$0.002000
BlackRock Municipal Income Trust BFK $0.080100 -
BlackRock Municipal Income Trust II BLE $0.085000 -
BlackRock Municipal Income Investment Trust BBF $0.072375 -
BlackRock Municipal Target Term Trust* BTT $0.099000 -
BlackRock MuniEnhanced Fund, Inc. MEN $0.058000 -
BlackRock MuniHoldings Fund II, Inc. MUH $0.083000 -
BlackRock MuniHoldings Fund, Inc. MHD $0.091500 -
BlackRock MuniHoldings Quality Fund II, Inc. MUE $0.070500 -
BlackRock MuniHoldings Quality Fund, Inc. MUS $0.074000 -
BlackRock MuniHoldings Investment Quality Fund MFL $0.076500 -
BlackRock MuniVest Fund II, Inc. MVT $0.091000 -
BlackRock MuniVest Fund, Inc. MVF $0.059000 -
BlackRock MuniYield Fund, Inc. MYD $0.083500 -
BlackRock MuniYield Quality Fund III, Inc. MYI $0.072000 -
BlackRock MuniYield Investment Quality Fund MFT $0.071000 -
BlackRock MuniYield Investment Fund MYF $0.079000 -
BlackRock MuniYield Quality Fund II, Inc. MQT $0.069500 -
BlackRock MuniYield Quality Fund, Inc. MQY $0.080000 -
The BlackRock Investment Quality Municipal Trust, Inc. BKN $0.080000 -
The BlackRock Strategic Municipal Trust BSD $0.074000 -
 
           

State-Specific Funds

Ticker Distribution

Change From

Prior

Distribution

BlackRock California Municipal Income Trust BFZ $0.077700 -
BlackRock California Municipal 2018 Term Trust BJZ $0.051300 -$0.006200
BlackRock MuniHoldings California Quality Fund, Inc. MUC $0.079000 -
BlackRock MuniYield California Fund, Inc. MYC $0.079000 -
BlackRock MuniYield California Quality Fund, Inc. MCA $0.076000 -
BlackRock Florida Municipal 2020 Term Trust BFO $0.056000 -
BlackRock Maryland Municipal Bond Trust BZM $0.062500 -
BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.062500 -
BlackRock MuniHoldings New York Quality Fund, Inc. MHN $0.076500 -
BlackRock MuniYield New York Quality Fund, Inc. MYN $0.071000 -
BlackRock New York Municipal 2018 Term Trust BLH $0.045300 -$0.014700
BlackRock New York Municipal Income Quality Trust BSE $0.067500 -$0.004000
BlackRock New York Municipal Bond Trust BQH $0.066500 -$0.004500
BlackRock New York Municipal Income Trust BNY $0.069000 -$0.006000
BlackRock New York Municipal Income Trust II BFY $0.070000 -$0.007000
BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.074000 -
BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.074000 -
BlackRock MuniYield New Jersey Quality Fund, Inc. MJI $0.072000 -
BlackRock New Jersey Municipal Bond Trust BLJ $0.073000 -
BlackRock New Jersey Municipal Income Trust BNJ $0.075100 -$0.006000
BlackRock MuniYield Arizona Fund, Inc. MZA $0.069500 -
BlackRock MuniYield Michigan Quality Fund II, Inc. MYM $0.069000 -
BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.076500 -
BlackRock MuniYield Pennsylvania Quality Fund MPA $0.074000 -
The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.071000 -
BlackRock Virginia Municipal Bond Trust BHV $0.073000 -$0.005000
Massachusetts Health & Education Tax-Exempt Trust MHE $0.062500 -
 

Taxable Municipal Fund:

Declaration- 3/1/2013     Ex-Date- 3/13/2013     Record- 3/15/2013     Payable- 3/28/2013
           
Fund Ticker Distribution

Change From

Prior

Distribution

BlackRock Build America Bond Trust BBN $0.131800 -
 

Taxable Funds:

Declaration- 3/1/2013     Ex-Date- 3/13/2013     Record- 3/15/2013     Payable- 3/28/2013
           
Fund Ticker Distribution

Change From

Prior

Distribution

BlackRock Senior High Income Fund, Inc. ARK $0.025000 -
BlackRock Floating Rate Income Trust BGT $0.077500 -
BlackRock Strategic Bond Trust BHD $0.084500 -
BlackRock Core Bond Trust BHK $0.073000 -
BlackRock Defined Opportunity Credit Trust BHL $0.068500 -
The BlackRock High Yield Trust BHY $0.044500 -
The BlackRock Income Trust, Inc. BKT $0.040500 -
BlackRock Limited Duration Income Trust BLW $0.109500 -
BlackRock Income Opportunity Trust, Inc. BNA $0.057000 -
BlackRock Credit Allocation Income Trust BTZ $0.078500 -
BlackRock Corporate High Yield Fund, Inc. COY $0.051000 -
BlackRock Corporate High Yield Fund III, Inc. CYE $0.052500 -
BlackRock Debt Strategies Fund, Inc. DSU $0.027000 -
BlackRock Enhanced Government Fund, Inc.* EGF $0.065000 -
BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.077000 -
BlackRock High Income Shares HIS $0.015200 -
BlackRock Corporate High Yield Fund VI, Inc. HYT $0.087500 -
BlackRock Corporate High Yield Fund V, Inc. HYV $0.090000 -
 

Equity Funds:

Declaration- 3/1/2013     Ex-Date- 3/13/2013     Record- 3/15/2013     Payable- 3/28/2013
           
Fund Ticker Distribution

Change From

Prior

Distribution

BlackRock Real Asset Equity Trust* BCF $0.221500 -
BlackRock Resources & Commodities Strategy Trust* BCX $0.290000 -
BlackRock Enhanced Equity Dividend Trust* BDJ $0.140000 -
BlackRock Energy and Resources Trust* BGR $0.405000 -
BlackRock International Growth and Income Trust* BGY $0.167850 -
BlackRock Health Sciences Trust* BME $0.384375 -
BlackRock EcoSolutions Investment Trust* BQR $0.179250 -
BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.300000 -
 

* 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 their 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 2013 will be made after the end of the year.

BlackRock Real Asset Equity Trust (NYS: BCF) , BlackRock Resources & Commodities Strategy Trust (NYS: BCX) , BlackRock Enhanced Equity Dividend Trust (NYS: BDJ) , BlackRock Energy and Resources Trust (NYS: BGR) , BlackRock International Growth and Income Trust (NYS: BGY) , BlackRock Health Sciences Trust (NYS: BME) , BlackRock EcoSolutions Investment Trust (NYS: BQR) , BlackRock Enhanced Capital and Income Fund, Inc. (NYS: CII) and BlackRock Enhanced Government Fund, Inc. (NYS: EGF) have each adopted a level distribution plan (the "Plan" and such Funds, the "Plan Funds") and employ 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 Plan Fund's Board. Under its Plan, each Plan 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 Plan Funds will distribute long-term capital gains and or return capital to their shareholders in order to maintain a level distribution.

The Plan Funds' estimated sources of the distributions paid currently and for their fiscal year through December 31, 2012 and February 28, 2013 are as follows:

       
Estimated Allocations as of February 28, 2013            

Plan

Fund

    Distribution    

Net Investment

Income

   

Net Realized

Short-Term

Gains

   

Net Realized

Long-Term Gains

    Return of Capital
EGF1     $0.065000     $0.050921 (78%)     $0 (0%)     $0 (0%)     $0.014079 (22%)
           
Estimated Allocations as of December 31, 2012            

Plan

Fund

    Distribution    

Net Investment

Income

   

Net Realized

Short-Term

Gains

   

Net Realized

Long-Term Gains

   

Return of Capital

BCF1     $0.221500     $0.018732 (8%)     $0 (0%)     $0 (0%)     $0.202768 (92%)
BCX1     $0.290000     $0.047028 (16%)     $0 (0%)     $0 (0%)     $0.242972 (84%)
BDJ1     $0.140000     $0.056982 (41%)     $0 (0%)     $0 (0%)     $0.083018 (59%)
BGR1     $0.405000     $0.028666 (7%)     $0 (0%)     $0 (0%)     $0.376334 (93%)
BGY1     $0.167850    

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