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 (NYSE:BPK), BlackRock
California Municipal 2018 Term Trust (NYSE:BJZ) and BlackRock New York
Municipal 2018 Term Trust (NYSE: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
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|
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Ex-Date- 3/13/2013
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Record- 3/15/2013
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Payable- 4/1/2013
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National Funds
|
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|
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
|
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|
BTA
|
|
|
$0.062000
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|
|
-
|
BlackRock Muni Intermediate Duration Fund, Inc.
|
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|
MUI
|
|
|
$0.071500
|
|
|
-
|
BlackRock MuniAssets Fund, Inc.
|
|
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MUA
|
|
|
$0.062500
|
|
|
-
|
BlackRock Municipal 2018 Term Trust
|
|
|
BPK
|
|
|
$0.061000
|
|
|
-$0.014800
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BlackRock Municipal Bond Trust
|
|
|
BBK
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|
|
$0.078500
|
|
|
-$0.005000
|
BlackRock Municipal Bond Investment Trust
|
|
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BIE
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|
$0.076000
|
|
|
-$0.002000
|
BlackRock Municipal Income Trust
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BFK
|
|
|
$0.080100
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|
|
-
|
BlackRock Municipal Income Trust II
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BLE
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|
$0.085000
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|
|
-
|
BlackRock Municipal Income Investment Trust
|
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BBF
|
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|
$0.072375
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|
|
-
|
BlackRock Municipal Target Term Trust*
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BTT
|
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|
$0.099000
|
|
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-
|
BlackRock MuniEnhanced Fund, Inc.
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MEN
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$0.058000
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-
|
BlackRock MuniHoldings Fund II, Inc.
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MUH
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$0.083000
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-
|
BlackRock MuniHoldings Fund, Inc.
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MHD
|
|
|
$0.091500
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|
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-
|
BlackRock MuniHoldings Quality Fund II, Inc.
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MUE
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|
$0.070500
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|
-
|
BlackRock MuniHoldings Quality Fund, Inc.
|
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MUS
|
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|
$0.074000
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|
|
-
|
BlackRock MuniHoldings Investment Quality Fund
|
|
|
MFL
|
|
|
$0.076500
|
|
|
-
|
BlackRock MuniVest Fund II, Inc.
|
|
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MVT
|
|
|
$0.091000
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|
|
-
|
BlackRock MuniVest Fund, Inc.
|
|
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MVF
|
|
|
$0.059000
|
|
|
-
|
BlackRock MuniYield Fund, Inc.
|
|
|
MYD
|
|
|
$0.083500
|
|
|
-
|
BlackRock MuniYield Quality Fund III, Inc.
|
|
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MYI
|
|
|
$0.072000
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|
|
-
|
BlackRock MuniYield Investment Quality Fund
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|
MFT
|
|
|
$0.071000
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|
|
-
|
BlackRock MuniYield Investment Fund
|
|
|
MYF
|
|
|
$0.079000
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|
|
-
|
BlackRock MuniYield Quality Fund II, Inc.
|
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|
MQT
|
|
|
$0.069500
|
|
|
-
|
BlackRock MuniYield Quality Fund, Inc.
|
|
|
MQY
|
|
|
$0.080000
|
|
|
-
|
The BlackRock Investment Quality Municipal Trust, Inc.
|
|
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BKN
|
|
|
$0.080000
|
|
|
-
|
The BlackRock Strategic Municipal Trust
|
|
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BSD
|
|
|
$0.074000
|
|
|
-
|
|
|
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|
|
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|
|
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|
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State-Specific Funds
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Ticker
|
|
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Distribution
|
|
|
Change From
Prior
Distribution
|
BlackRock California Municipal Income Trust
|
|
|
BFZ
|
|
|
$0.077700
|
|
|
-
|
BlackRock California Municipal 2018 Term Trust
|
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|
BJZ
|
|
|
$0.051300
|
|
|
-$0.006200
|
BlackRock MuniHoldings California Quality Fund, Inc.
|
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MUC
|
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|
$0.079000
|
|
|
-
|
BlackRock MuniYield California Fund, Inc.
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MYC
|
|
|
$0.079000
|
|
|
-
|
BlackRock MuniYield California Quality Fund, Inc.
|
|
|
MCA
|
|
|
$0.076000
|
|
|
-
|
BlackRock Florida Municipal 2020 Term Trust
|
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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.
|
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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.
|
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MZA
|
|
|
$0.069500
|
|
|
-
|
BlackRock MuniYield Michigan Quality Fund II, Inc.
|
|
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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
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Ex-Date- 3/13/2013
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Record- 3/15/2013
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Payable- 3/28/2013
|
|
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|
|
|
|
|
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|
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
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Payable- 3/28/2013
|
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|
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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 (NYSE:BCF), BlackRock Resources &
Commodities Strategy Trust (NYSE:BCX), BlackRock Enhanced Equity
Dividend Trust (NYSE:BDJ), BlackRock Energy and Resources Trust
(NYSE:BGR), BlackRock International Growth and Income Trust (NYSE:BGY),
BlackRock Health Sciences Trust (NYSE:BME), BlackRock EcoSolutions
Investment Trust (NYSE:BQR), BlackRock Enhanced Capital and Income Fund,
Inc. (NYSE:CII) and BlackRock Enhanced Government Fund, Inc. (NYSE: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
|
|
|
$0.006239 (4%)
|
|
|
$0 (0%)
|
|
|
$0 (0%)
|
|
|
$0.161611 (96%)
|
BME
|
|
|
$1.234375
|
|
|
$0.034818 (3%)
|
|
|
$0.349557 (28%)
|
|
|
$0.850000 (69%)
|
|
|
$0 (0%)
|
BQR1 |
|
|
$0.179250
|
|
|
$0.037782 (21%)
|
|
|
$0 (0%)
|
|
|
$0 (0%)
|
|
|
$0.141468 (79%)
|
CII1 |
|
|
$0.300000
|
|
|
$0.101319 (34%)
|
|
|
$0 (0%)
|
|
|
$0 (0%)
|
|
|
$0.198681 (66%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Estimated Allocations for the fiscal year through 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 for the fiscal year through 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
|
|
|
$0.006239 (4%)
|
|
|
$0 (0%)
|
|
|
$0 (0%)
|
|
|
$0.161611 (96%)
|
BME
|
|
|
$1.234375
|
|
|
$0.034818 (3%)
|
|
|
$0.349557 (28%)
|
|
|
$0.850000 (69%)
|
|
|
$0 (0%)
|
BQR1 |
|
|
$0.179250
|
|
|
$0.037782 (21%)
|
|
|
$0 (0%)
|
|
|
$0 (0%)
|
|
|
$0.141468 (79%)
|
CII1 |
|
|
$0.300000
|
|
|
$0.101319 (34%)
|
|
|
$0 (0%)
|
|
|
$0 (0%)
|
|
|
$0.198681 (66%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 a Plan Fund's
investment performance and should not be confused with ‘yield’ or
‘income’.
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
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 in which you are invested 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:
|
|
Plan
Fund
|
|
|
Average annual
total return (in
relation to NAV) for
the 5-year period
ending on
01/31/2013
|
|
|
Annualized current
distribution rate
expressed as a
percentage of NAV as
of 01/31/2013
|
|
|
Cumulative total
return (in relation to
NAV) for the fiscal
year through
01/31/2013
|
|
|
Cumulative fiscal
year distributions
as a percentage of
NAV as of
01/31/2013
|
BCF
|
|
|
(0.65)%
|
|
|
7.90%
|
|
|
3.78%
|
|
|
1.98%
|
BCX* |
|
|
(4.02)%
|
|
|
7.71%
|
|
|
(0.34)%
|
|
|
1.93%
|
BDJ
|
|
|
3.13%
|
|
|
6.58%
|
|
|
4.48%
|
|
|
1.65%
|
BGR
|
|
|
3.14%
|
|
|
5.85%
|
|
|
8.44%
|
|
|
1.46%
|
BGY
|
|
|
0.29%
|
|
|
7.75%
|
|
|
6.92%
|
|
|
1.94%
|
BME
|
|
|
9.41%
|
|
|
5.21%
|
|
|
8.81%
|
|
|
4.18%
|
BQR
|
|
|
(1.41)%
|
|
|
7.41%
|
|
|
8.11%
|
|
|
1.85%
|
CII
|
|
|
5.75%
|
|
|
8.40%
|
|
|
4.31%
|
|
|
2.10%
|
EGF** |
|
|
4.56%
|
|
|
4.88%
|
|
|
(0.68)%
|
|
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Portfolio launched within the past 5 years; this represents the
average annual total return (in relation to NAV) from inception to
January 31, 2013.
** The first distribution for this portfolio's
fiscal year is payable on February 28, 2013.
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 the Plan Fund’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, 2012, BlackRock’s AUM was $3.792 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, 2012, the firm has approximately
10,500 employees in 30 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
BlackRock’s website at www.blackrock.com.
Forward-Looking Statements
This press release, and other statements that BlackRock or the Funds may
make, may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act, with respect to the Funds 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 a Fund
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.