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

BGR, CII, BDJ, BME, BGY, BCX

Certain BlackRock equity closed-end funds (the “Funds”) announced distributions today as detailed below. BlackRock Real Asset Equity Trust (NYSE:BCF) and BlackRock Resources & Commodities Strategy Trust (NYSE:BCX) each announced distribution reductions. In addition, BlackRock Health Sciences Trust (NYSE:BME) announced a distribution increase. Each of these distribution changes takes into account the current level of each Fund’s net assets and current and projected levels of dividend income, option premiums and volatility in the market.

Equity Funds:

Declaration- 12/9/2013   Ex-Date- 12/18/2013   Record- 12/20/2013   Payable- 12/31/2013

Fund     Ticker   Distribution  

Change From
Prior

Distribution

BlackRock Real Asset Equity Trust* BCF $0.174800 -$0.046700
BlackRock Resources & Commodities Strategy Trust* BCX $0.231200 -$0.058800
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 $0.429975 $0.045600
BlackRock EcoSolutions Investment Trust* BQR $0.179250 -
BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.300000 -

Special Distributions

Declaration- 12/9/2013   Ex-Date- 12/18/2013   Record- 12/20/2013   Payable- 12/31/2013

Fund       Ticker  

Per-Share Special
Distribution

BlackRock Energy and Resources Trust BGR $2.500000
BlackRock Health Sciences Trust BME $1.910000

* 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 not provided 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 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) and BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) have adopted a level distribution plan (the “Plan” and such Funds, the “Plan Funds”) and employ a managed distribution and/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 current fiscal year through September 30, 2013 are as follows:

Estimated Allocations as of September 30, 2013        
Plan Fund   Distribution  

Net Investment
Income

 

Net Realized
Short-Term
Gains

 

Net Realized
Long-Term Gains

  Return of Capital
BCF1   $0.221500   $0.032055 (14%)   $0 (0%)   $0 (0%)   $0.189445 (86%)
BCX1   $0.290000   $0.063437 (22%)   $0 (0%)   $0 (0%)   $0.226563 (78%)
BDJ1   $0.140000   $0.047030 (34%)   $0 (0%)   $0 (0%)   $0.092970 (66%)
BGR   $0.405000   $0.037473 (9%)   $0.367527 (91%)   $0 (0%)   $0 (0%)
BGY1   $0.167850   $0.008840 (5%)   $0 (0%)   $0 (0%)   $0.159010 (95%)
BME   $0.384375   $0.003373 (1%)   $0.381002 (99%)   $0 (0%)   $0 (0%)
BQR1   $0.179250   $0.020657 (12%)   $0 (0%)   $0 (0%)   $0.158593 (88%)
CII1   $0.300000   $0.041725 (14%)   $0 (0%)   $0 (0%)   $0.258275 (86%)
         
Estimated Allocations for the Fiscal Year through September 30, 2013    
Plan Fund   Distribution  

Net Investment
Income

 

Net Realized
Short-Term
Gains

 

Net Realized
Long-Term Gains

  Return of Capital
BCF1   $0.886000   $0.103393 (12%)   $0 (0%)   $0 (0%)   $0.782607 (88%)
BCX1   $1.160000   $0.226657 (20%)   $0 (0%)   $0 (0%)   $0.933343 (80%)
BDJ1   $0.560000   $0.169986 (30%)   $0 (0%)   $0 (0%)   $0.390014 (70%)
BGR   $1.620000   $0.138553 (9%)   $1.077085 (66%)   $0.404362 (25%)   $0 (0%)
BGY1   $0.671400   $0.123834 (18%)   $0 (0%)   $0 (0%)   $0.547566 (82%)
BME   $2.387500   $0.135759 (6%)   $1.693346 (71%)   $0.558395 (23%)   $0 (0%)
BQR1   $0.717000   $0.092232 (13%)   $0 (0%)   $0 (0%)   $0.624768 (87%)
CII1   $1.200000   $0.303164 (25%)   $0 (0%)   $0 (0%)   $0.896836 (75%)

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’. When distributions exceed total return performance, the difference will reduce the Plan Fund’s 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 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
10/31/2013

 

Annualized current
distribution rate
expressed as a
percentage of NAV as
of 10/31/2013

 

Cumulative total
return (in relation to
NAV) for the fiscal
year through
10/31/2013

 

Cumulative fiscal
year distributions
as a percentage of
NAV as of
10/31/2013

BCF   11.83%   8.65%   1.81%   8.65%
BCX2   (4.12)%   8.57%   (3.61)%   8.57%
BDJ   9.56%   6.31%   15.11%   6.31%
BGR   15.47%   5.38%   23.72%   5.38%
BGY   11.64%   7.42%   19.25%   7.42%
BME   16.92%   4.40%   33.37%   6.84%
BQR   9.24%   7.83%   9.08%   7.83%
CII   15.23%   7.84%   10.53%   7.84%

2 Portfolio launched within the past 5 years; this represents the average annual total return (in relation to NAV) from inception to October 31, 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 September 30, 2013, BlackRock’s assets under management were $4.096 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include 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 September 30, 2013, the firm had approximately 11,200 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.

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