Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

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Certain BlackRock closed-end funds (the Funds) announced distributions today as detailed below. BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) and BlackRock New York Municipal Bond Trust (NYSE:BQH) 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- 3/1/2019             Ex-Date- 3/14/2019             Record- 3/15/2019             Payable- 4/1/2019
 
             

National Funds

Ticker

Distribution

Change From Prior 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 $0.054500 (0.009000)
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 $0.044000 (0.004000)
BlackRock MuniHoldings Investment Quality Fund MFL $0.052500 (0.004000)
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 $0.044500 (0.006000)
BlackRock MuniVest Fund II, Inc. MVT $0.059500 (0.004000)
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
 
 

State-Specific Funds

Ticker

Distribution

Change From Prior Distribution

BlackRock MuniHoldings California Quality Fund, Inc.

MUC

$0.047500

BlackRock California Municipal Income Trust BFZ $0.044500
BlackRock MuniYield California Fund, Inc. MYC $0.048000 (0.004000)
BlackRock MuniYield California Quality Fund, Inc. MCA $0.052000
BlackRock Florida Municipal 2020 Term Trust BFO $0.020000 (0.006000)
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 $0.048000 0.002000
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- 3/1/2019             Ex-Date- 3/14/2019             Record-3/15/2019             Payable- 3/29/2019
 
             

Fund

Ticker

Distribution

Change From Prior Distribution

 

BlackRock Taxable Municipal Bond Trust BBN $0.118800
 
 

Taxable Funds:

 
Declaration- 3/1/2019             Ex-Date- 3/14/2019             Record-3/15/2019             Payable- 3/29/2019
 
             

Fund

Ticker

Distribution

Change From Prior 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 $0.069500 0.005000
BlackRock Corporate High Yield Fund, Inc. HYT $0.072000
BlackRock 2022 Global Income Opportunity Trust BGIO $0.050000
 
 

Equity Funds:

 
Declaration- 3/1/2019             Ex-Date- 3/14/2019             Record-3/15/2019             Payable- 3/29/2019
 
                 

Fund

Ticker

Distribution

Change From Prior 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 2019 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 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 Funds 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 February 28, 2019 and for its current fiscal year is as follows:

 
Estimated Allocations as of February 28, 2019
Fund       Distribution      

Net Investment Income

     

Net Realized Short- Term Gains

     

Net Realized Long- Term Gains

      Return of Capital
BCX1       $0.051600       $0.011889 (23%)       $0 (0%)       $0 (0%)       $0.039711 (77%)
BDJ       $0.046700       $0.018317 (39%)       $0.028383 (61%)       $0 (0%)       $0 (0%)
BGR1       $0.077600       $0.057631 (74%)       $0 (0%)       $0 (0%)       $0.019969 (26%)
BGY1       $0.033800       $0 (0%)       $0 (0%)       $0 (0%)       $0.033800 (100%)
BME       $0.200000       $0 (0%)       $0 (0%)       $0.200000 (100%)       $0 (0%)
BOE1       $0.063000       $0.005493 (9%)       $0 (0%)       $0 (0%)       $0.057507 (91%)
BUI       $0.121000       $0.042368 (35%)       $0 (0%)       $0.078632 (65%)       $0 (0%)
CII       $0.082800       $0.014912 (18%)       $0.067888 (82%)       $0 (0%)       $0 (0%)
BST       $0.150000       $0 (0%)       $0.019181 (13%)       $0.130819 (87%)       $0 (0%)
EGF       $0.041000       $0.041000 (100%)       $0 (0%)       $0 (0%)       $0 (0%)
                             
 
Estimated Allocations for the Fiscal Year through February 28, 2019
Fund       Distribution      

Net Investment Income

     

Net Realized Short- Term Gains

     

Net Realized Long-Term Gains

      Return of Capital
BCX1       $0.103200       $0.062063 (60%)       $0 (0%)       $0 (0%)       $0.041137 (40%)
BDJ       $0.093400       $0.041075 (44%)       $0.049404 (53%)       $0.002921 (3%)       $0 (0%)
BGR1       $0.155200       $0.105788 (68%)       $0 (0%)       $0 (0%)       $0.049412 (32%)
BGY1       $0.067600       $0.012758 (19%)       $0 (0%)       $0 (0%)       $0.054842 (81%)
BME       $0.400000       $0.013419 (3%)       $0.146079 (37%)       $0.240502 (60%)       $0 (0%)
BOE1       $0.126000       $0.043877 (35%)       $0 (0%)       $0 (0%)       $0.082123 (65%)
BUI       $0.242000       $0.119820 (50%)       $0 (0%)       $0.122180 (50%)       $0 (0%)
CII       $0.165600       $0.044183 (27%)       $0.078764 (48%)       $0.042653 (25%)       $0 (0%)
BST       $0.300000       $0 (0%)       $0.169181 (56%)       $0.130819 (44%)       $0 (0%)
EGF       $0.041000       $0.041000 (100%)       $0 (0%)       $0 (0%)       $0 (0%)
                             

1The 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 shareholders 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 Funds 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 Funds 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:
Fund      

Average annual total return (in relation to NAV) for the 5-year period ending on 1/31/2019

     

Annualized current distribution rate expressed as a percentage of NAV as of 1/31/2019

     

Cumulative total return (in relation to NAV) for the fiscal year through 1/31/2019

     

Cumulative fiscal year distributions as a percentage of NAV as of 1/31/2019

BCX       1.12%       6.80%       9.47%       0.57%
BDJ       8.10%       6.05%       6.42%       0.50%
BGR       (4.76)%       7.04%       10.31%       0.59%
BGY       0.45%       6.69%       4.27%       0.56%
BME       12.00%       6.33%       5.83%       0.53%
BOE       3.12%       6.52%       4.61%       0.54%
BUI       6.68%       7.34%       5.92%       0.61%
CII       9.34%       6.06%       6.72%       0.50%
BST*       17.43%       6.08%       11.66%       0.51%
EGF       1.86%       3.63%       0.82%       0.30%

*Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 1/31/2019.

Shareholders should not draw any conclusions about a Plan Funds investment performance from the amount of the Plan Funds current distributions or from the terms of a Plan 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 February 28, 2019
Fund       Distribution      

Net Investment Income

     

Net Realized Short-Term Gains

     

Net Realized Long-Term Gains

      Return of Capital
BKT       $0.034400       $0.034400 (100%)       $0 (0%)       $0 (0%)       $0 (0%)
                       
     
Estimated Allocations for the Fiscal Year through February 28, 2019
Fund       Distribution      

Net Investment Income

     

Net Realized Short-Term Gains

     

Net Realized Long-Term Gains

      Return of Capital
BKT       $0.034400       $0.034400 (100%)       $0 (0%)       $0 (0%)       $0 (0%)
                       

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 1/31/2019

     

Annualized current distribution rate expressed as a percentage of NAV as of 1/31/2019

     

Cumulative total return (in relation to NAV) for the fiscal year through 1/31/2019

     

Cumulative fiscal year distributions as a percentage of NAV as of 1/31/2019

BKT       2.76%       6.59%       0.64%       0.55%
                       

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.

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 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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