Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

Today, 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 Funds) paid the following distributions per share:

Fund           Pay Date           Per Share
BCX           March 29, 2019           $0.051600
BDJ           March 29, 2019           $0.046700
BGR           March 29, 2019           $0.077600
BGY           March 29, 2019           $0.033800
BME           March 29, 2019           $0.200000
BOE           March 29, 2019           $0.063000
BUI           March 29, 2019           $0.121000
CII           March 29, 2019           $0.082800
BST           March 29, 2019           $0.150000
EGF           March 29, 2019           $0.041000

Each of the Funds have adopted a managed distribution plan (the 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 Funds Board of Directors/Trustees. 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 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 year are as follows:

Estimated Allocations as of March 29, 2019
Fund     Distribution    

Net Investment Income

   

Net Realized Short- Term Gains

   

Net Realized Long- Term Gains

   

Return of Capital

BCX1     $0.051600     $0.041471 (80%)     $0 (0%)     $0 (0%)     $0.010129 (20%)
BDJ     $0.046700     $0.025115 (54%)     $0 (0%)     $0.021585 (46%)     $0 (0%)
BGR1     $0.077600     $0.011694 (15%)     $0 (0%)     $0 (0%)     $0.065906 (85%)
BGY1     $0.033800     $0.033800 (100%)     $0 (0%)     $0 (0%)     $0 (0%)
BME     $0.200000     $0.02852 (14%)     $0 (0%)     $0.171476 (86%)     $0 (0%)
BOE1     $0.063000     $0.055722 (88%)     $0 (0%)     $0 (0%)     $0.007278 (12%)
BUI     $0.121000     $0.046483 (38%)     $0 (0%)     $0.074517 (62%)     $0 (0%)
CII     $0.082800     $0.02483 (30%)     $0 (0%)     $0.057969 (70%)     $0 (0%)
BST     $0.150000     $0 (0%)     $0 (0%)     $0.150000 (100%)     $0 (0%)
EGF1     $0.041000     $0.017449 (43%)     $0 (0%)     $0 (0%)     $0.023551 (57%)
Estimated Allocations for the Fiscal Year through March 29, 2019
Fund     Distribution    

Net Investment Income

   

Net Realized Short- Term Gains

   

Net Realized Long- Term Gains

   

Return of Capital

BCX1     $0.154800     $0.103670 (67%)     $0 (0%)     $0 (0%)     $0.051130 (33%)
BDJ     $0.140100     $0.066190 (47%)     $0 (0%)     $0.073910 (53%)     $0 (0%)
BGR1     $0.232800     $0.117482 (50%)     $0 (0%)     $0 (0%)     $0.115318 (50%)
BGY1     $0.101400     $0.051976 (51%)     $0 (0%)     $0 (0%)     $0.049424 (49%)
BME     $0.600000     $0.041795 (7%)     $0 (0%)     $0.558205 (93%)     $0 (0%)
BOE1     $0.189000     $0.099599 (53%)     $0 (0%)     $0 (0%)     $0.089401 (47%)
BUI     $0.363000     $0.166254 (46%)     $0 (0%)     $0.19674 (54%)     $0 (0%)
CII1     $0.248400     $0.069015 (28%)     $0 (0%)     $0.178398 (72%)     $0.000987 (0%)
BST     $0.450000     $0 (0%)     $0 (0%)     $0.450000 (100%)     $0 (0%)
EGF1     $0.082000     $0.017449 (21%)     $0 (0%)     $0 (0%)     $0.064551 (79%)
1 The 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 shareholders investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ˜yield or ˜income. When distributions exceed total return performance, the difference will reduce the Funds 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 Funds 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:
Trust    

Average annual total return (in relation to NAV) for the 5-year period ending on 02/28/2019

   

Annualized current distribution rate expressed as a percentage of NAV as of 02/28/2019

   

Cumulative total return (in relation to NAV) for the fiscal year through 02/28/2019

   

Cumulative fiscal year distributions as a percentage of NAV as of 02/28/2019

BCX     0.58%     6.69%     11.61%     1.11%
BDJ     7.91%     5.96%     8.73%     0.99%
BGR     (5.29)%     6.99%     13.14%     1.16%
BGY     0.03%     6.54%     7.36%     1.09%
BME     11.01%     6.30%     7.20%     1.05%
BOE     2.67%     6.36%     7.89%     1.06%
BUI     6.52%     7.10%     9.14%     1.18%
CII     9.10%     5.94%     9.60%     0.99%
BST*     18.40%     5.86%     17.14%     0.98%
EGF     1.79%     3.63%     0.91%     0.60%
*   Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 2/28/2019.

Shareholders should not draw any conclusions about a Funds investment performance from the amount of the Funds current distributions or from the terms of the Funds 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 BKTs 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.

BKTs estimated sources of the distributions paid as of February 28, 2019 and for its current fiscal year is as follows:

Estimated Allocations as of March 29, 2019

Fund     Distribution    

Net Investment Income

   

Net Realized Short- Term Gains

   

Net Realized Long- Term Gains

   

Return of Capital

BKT     $0.034400     $0.023384 (68%)    

$0 (0%)

    $0 (0%)     $0.011016 (32%)
Estimated Allocations for the Fiscal Year through March 29, 2019
Fund     Distribution    

Net Investment Income

   

Net Realized Short- Term Gains

   

Net Realized Long- Term Gains

    Return of Capital
BKT     $0.068800     $0.055282 (80%)     $0 (0%)     $0 (0%)     $0.013518 (20%)

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 BKTs 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.

Fund Performance and Distribution Rate Information:
Fund    

Average annual total return (in relation to NAV) for the 5-year period ending on 02/28/2019

   

Annualized current distribution rate expressed as a percentage of NAV as of 02/28/2019

   

Cumulative total return (in relation to NAV) for the fiscal year through 02/28/2019

   

Cumulative fiscal year distributions as a percentage of NAV as of 02/28/2019

BKT     2.67%     6.60%     0.74%     1.10%

No conclusions should be drawn about the BKTs investment performance from the amount of the Funds distributions or from the terms of the Funds Plan.

The amount distributed per share under a Plan is subject to change at the discretion of the applicable Funds 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 Funds 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.

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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 BlackRocks website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRocks 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 Funds or BlackRocks 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 Funds 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) BlackRocks 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 BlackRocks website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRocks website is not a part of this press release.

BlackRock Closed-End Funds
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