VIEWS: 39 PAGES: 5 CATEGORY: Press Releases POSTED ON: 2/1/2010
NEW YORK--(EON: Enhanced Online News)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 2/1/2010 Ex-Date- 2/10/2010 Record- 2/12/2010 Payable- 3/1/2010 National Funds Ticker Dividend Change FromPriorDividend BlackRock Apex Municipal Fund, Inc. APX $0.046500 - BlackRock Insured Municipal Income Trust BYM $0.068500 - BlackRock Insured Municipal Income Investment Trust BAF $0.068500 - BlackRock Insured Munici a style='font-size: 10px; colo
Dividend Dates and Distribution Amounts Announced for Certain BlackRock Closed-End Funds February 01, 2010 06:01 PM Eastern Time NEW YORK--(EON: Enhanced Online News)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 2/1/2010 Ex-Date- 2/10/2010 Record- 2/12/2010 Payable- 3/1/2010 Change From National Funds Ticker Dividend Prior Dividend BlackRock Apex Municipal Fund, Inc. APX $0.046500 - BlackRock Insured Municipal Income Trust BYM $0.068500 - BlackRock Insured Municipal Income Investment Trust BAF $0.068500 - BlackRock Insured Municipal Term Trust Inc. BMT $0.030417 - BlackRock Investment Quality Municipal Income Trust RFA $0.070000 - BlackRock Long-Term Municipal Advantage Trust BTA $0.059500 - BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.065500 - BlackRock MuniAssets Fund, Inc.* MUA $0.067500 - BlackRock Municipal 2018 Term Trust BPK $0.078000 - BlackRock Municipal 2020 Term Trust BKK $0.062250 - BlackRock Municipal Bond Trust BBK $0.085000 - BlackRock Municipal Bond Investment Trust BIE $0.073800 - BlackRock Municipal Income Trust BFK $0.078600 - BlackRock Municipal Income Trust II BLE $0.081000 - BlackRock Municipal Income Investment Trust BBF $0.075375 - BlackRock MuniEnhanced Fund, Inc. MEN $0.055500 - BlackRock MuniHoldings Fund II, Inc. MUH $0.075500 - BlackRock MuniHoldings Fund, Inc. MHD $0.083500 - BlackRock MuniHoldings Insured Fund II, Inc. MUE $0.070000 - BlackRock MuniHoldings Insured Fund, Inc. MUS $0.070000 - BlackRock MuniHoldings Insured Investment Fund MFL $0.068000 - BlackRock MuniVest Fund II, Inc. MVT $0.083500 - BlackRock MuniVest Fund, Inc. MVF $0.053000 - BlackRock MuniYield Fund, Inc. MYD $0.069000 - BlackRock MuniYield Insured Fund, Inc. MYI $0.061000 - BlackRock MuniYield Insured Investment Fund MFT $0.066000 - BlackRock MuniYield Investment Fund MYF $0.065500 - BlackRock MuniYield Quality Fund II, Inc. MQT $0.062000 - BlackRock MuniYield Quality Fund, Inc. MQY $0.069500 - The BlackRock Investment Quality Municipal Trust, Inc. BKN $0.081500 - The BlackRock Strategic Municipal Trust BSD $0.070000 - Change From State-Specific Funds Ticker Dividend Prior Dividend BlackRock California Municipal Income Trust BFZ $0.075700 - BlackRock California Municipal 2018 Term Trust BJZ $0.072000 - BlackRock MuniHoldings California Insured Fund, Inc. MUC $0.063000 - BlackRock MuniYield California Fund, Inc. MYC $0.067500 - BlackRock MuniYield California Insured Fund, Inc. MCA $0.061000 - The BlackRock California Investment Quality Municipal Trust, Inc. RAA $0.053000 - BlackRock Florida Municipal 2020 Term Trust, Inc. BFO $0.056000 - BlackRock Maryland Municipal Bond Trust BZM $0.067900 - BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.055500 - BlackRock MuniHoldings New York Insured Fund, Inc. MHN $0.068500 - BlackRock MuniYield New York Insured Fund, Inc. MYN $0.055000 - BlackRock New York Insured Municipal Income Trust BSE $0.065500 - BlackRock New York Municipal 2018 Term Trust BLH $0.082000 - BlackRock New York Municipal Bond Trust BQH $0.078000 - BlackRock New York Municipal Income Trust BNY $0.082500 - BlackRock New York Municipal Income Trust II BFY $0.080000 - The BlackRock New York Investment Quality Municipal Trust, Inc. RNY $0.068200 - BlackRock MuniHoldings New Jersey Insured Fund, Inc. MUJ $0.069000 - BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.070500 - BlackRock MuniYield New Jersey Insured Fund, Inc. MJI $0.069500 - BlackRock New Jersey Municipal Bond Trust BLJ $0.075500 - BlackRock New Jersey Municipal Income Trust BNJ $0.077600 - The BlackRock New Jersey Investment Quality Municipal Trust RNJ $0.064000 - BlackRock MuniYield Arizona Fund, Inc. MZA $0.067000 - BlackRock MuniYield Michigan Insured Fund II, Inc. MYM $0.066500 - BlackRock MuniYield Michigan Insured Fund, Inc. MIY $0.075000 - BlackRock MuniYield Pennsylvania Insured Fund MPA $0.065500 - The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.064000 - BlackRock Virginia Municipal Bond Trust BHV $0.080000 - Massachusetts Health & Education Tax-Exempt Trust MHE $0.064500 - Taxable Funds: Declaration- 2/1/2010 Ex-Date- 2/10/2010 Record- 2/12/2010 Payable- 2/26/2010 Change From Fund Ticker Dividend Prior Dividend BlackRock Senior High Income Fund, Inc. ARK $0.025000 - BlackRock Floating Rate Income Trust* BGT $0.067500 - BlackRock Strategic Bond Trust BHD $0.069500 - BlackRock Core Bond Trust BHK $0.062000 - BlackRock Defined Opportunity Credit Trust* BHL $0.054000 - The BlackRock High Yield Trust* BHY $0.043500 - The BlackRock Income Trust, Inc. BKT $0.024000 - BlackRock Limited Duration Income Trust* BLW $0.070000 - BlackRock Income Opportunity Trust, Inc. BNA $0.051000 - BlackRock Credit Allocation Income Trust III* BPP $0.072500 - BlackRock Credit Allocation Income Trust IV* BTZ $0.100000 - BlackRock Corporate High Yield Fund, Inc. COY $0.061000 - BlackRock Corporate High Yield Fund III, Inc. CYE $0.055000 - BlackRock Debt Strategies Fund, Inc.* DSU $0.031000 - BlackRock Diversified Income Strategies Fund, Inc.* DVF $0.068500 - BlackRock Enhanced Government Fund, Inc.* EGF $0.105000 - BlackRock Floating Rate Income Strategies Fund, Inc.* FRA $0.081500 - BlackRock Floating Rate Income Strategies Fund II, Inc.* FRB $0.075000 - BlackRock High Income Shares HIS $0.013200 - BlackRock Corporate High Yield Fund VI, Inc. HYT $0.087500 - BlackRock Corporate High Yield Fund V, Inc. HYV $0.087500 - BlackRock Credit Allocation Income Trust I, Inc.* PSW $0.060000 - BlackRock Credit Allocation Income Trust II, Inc.* PSY $0.075000 - Equity Funds: Declaration- 2/1/2010 Ex-Date- 2/10/2010 Record- 2/12/2010 Payable- 2/26/2010 Change From Fund Ticker Dividend Prior Dividend BlackRock Global Opportunities Equity Trust* BOE $0.568750 - BlackRock S&P Quality Rankings Global Equity Managed Trust* BQY $0.187500 - * 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 as of the applicable record date a Section 19 notice with the previous dividend payment. The Section 19 notice was provided not for tax reporting purposes but for informational purposes only. This information can be found in the “Closed-End Funds” section of www.blackrock.com. If applicable, the final determination of the source and tax characteristics of all distributions in 2009 will be made after the end of the year. BlackRock Credit Allocation Income Trust IV (NYSE: BTZ), BlackRock Enhanced Government Fund, Inc. (NYSE:EGF), BlackRock Global Opportunities Equity Trust (NYSE:BOE) and BlackRock S&P Quality Rankings Global Equity Managed Trust (NYSE AMEX:BQY) (collectively, the “Trusts”) have adopted a level distribution plan (the “Plan”) 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 Trust’s Board. Under its Plan, each Trust 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 (the “Code”). If sufficient investment income is not available on a quarterly/monthly basis, the Trust will distribute long-term capital gains and or return capital to its shareholders in order to maintain a level distribution. The Trusts’ estimated sources of the distributions paid as of December 31, 2009 or November 30, 2009, as applicable, and for their current fiscal year are as follows: Estimated Allocations as of December 31, 2009 Net Realized Net Investment Net Realized Trust Distribution Short-Term Return of Capital Income Long-Term Gains Gains BTZ 1 $0.100000 $0.0220 (22%) $0.00 (0%) $0.00 (0%) $0.0780 (78%) EGF1 $0.105000 $0.0292 (28%) $0.00 (0%) $0.00 (0%) $0.0758 (72%) Estimated Allocations as of November 30, 2009 Net Realized Net Investment Net Realized Trust Distribution Short-Term Return of Capital Income Long-Term Gains Gains BOE1 $0.568750 $0.02444 (4%) $0.00 (0%) $0.00 (0%) $0.54431 (96%) BQY $0.187500 $0.0683 (36%) $0.1192 (64%) $0.00 (0%) $0.00 (0%) Estimated Allocations for the fiscal year through December 31, 2009 Net Realized Net Investment Net Realized Trust Distribution Short-Term Return of Capital Income Long-Term Gains Gains BTZ1 $0.300000 $0.0997 (33%) $0.00 (0%) $0.00 (0%) $0.2003 (67%) EGF*,1 $1.427000 $0.9759 (68%) $0.00 (0%) $0.2862 (20%) $0.1649 (12%) Estimated Allocations for the fiscal year through November 30, 2009 Net Realized Net Investment Net Realized Trust Distribution Short-Term Return of Capital Income Long-Term Gains Gains BOE1 $0.568750 $0.02444 (4%) $0.00 (0%) $0.00 (0%) $0.54431 (96%) BQY $0.187500 $0.0683 (36%) $0.1192 (64%) $0.00 (0%) $0.00 (0%) 1 The Trust estimates that it has distributed more than its income and 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 a Trust's investment performance and should not be confused with ‘yield’ or ‘income’. * At December 29, 2009, and after giving effect to the Trust’s cumulative gain distributions for its fiscal year, the sum of the Trust’s accumulated net realized losses and net unrealized depreciation of portfolio securities was approximately $(13.4) million. The amount of the Trust’s unrealized depreciation of portfolio securities as of that date was $(13.6) million. 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 the Trust’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Trust 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. Trust Performance and Distribution Rate Information: Average annual Annualized current Cumulative total Cumulative fiscal total return (in distribution rate return (in relation year distributions as Trust relation to NAV) expressed as a to NAV) for the a percentage of NAV from inception to percentage of NAV as fiscal year through as of December 31, December 31, 2009 of December 31, 2009 December 31, 2009 2009 BOE 6.53% 11.77% 6.83% 2.94% BQY 3.22% * 5.37% 5.94% 1.34% BTZ (7.84)% 9.38% 3.98% 2.34% EGF 4.58% 7.59% 12.75% 8.60% * Five year total return (in relation to NAV) as of December 31, 2009. Shareholders should not draw any conclusions about a Trust’s investment performance from the amount of the Trust’s current distributions or from the terms of the Trust’s Plan. About BlackRock BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2009, BlackRock’s AUM was $3.346 trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of December 31, 2009, the firm has approximately 8,500 full-time employees in 24 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the firm's website at www.blackrock.com. Forward-Looking Statements This press release, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to 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 each Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes in political, economic or industry conditions, the interest rate environment or financial and capital markets, which could result in changes in the Fund’s net asset value, market price or distribution rate; (2) the performance of the Fund’s investments; (3) the impact of increased competition; (4) the extent and timing of any distributions or share repurchases; (5) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; and (6) BlackRock’s ability to attract and retain highly talented professionals. The 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.govand on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on our website is not a part of this press release. Contacts BlackRock Closed-End Funds 1-800-882-0052 Permalink: http://eon.businesswire.com/news/eon/20100201007290/en
"Dividend Dates and Distribution Amounts Announced for Certain BlackRock Closed End Funds"