Certain BlackRock closed-end funds (the “Funds”) announced distributions
today as detailed below.
Municipal Funds:
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Declaration- 4/1/2014
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Ex-Date- 4/11/2014
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Record- 4/15/2014
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Payable- 5/1/2014
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National Funds
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Ticker
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Distribution
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Change From
Prior
Distribution
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BlackRock Municipal Income Quality Trust
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BYM
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$0.077000
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-
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BlackRock Municipal Income Investment Quality Trust
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BAF
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$0.068500
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-
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BlackRock Long-Term Municipal Advantage Trust
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BTA
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$0.062000
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-
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BlackRock Muni Intermediate Duration Fund, Inc.
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MUI
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$0.068500
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-
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BlackRock MuniAssets Fund, Inc.
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MUA
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$0.062500
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-
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BlackRock Municipal Bond Trust
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BBK
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$0.082000
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-
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BlackRock Municipal 2018 Term Trust
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BPK
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$0.053500
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-
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BlackRock Municipal Bond Investment Trust
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BIE
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$0.076000
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-
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BlackRock Municipal Income Trust
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BFK
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$0.075100
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-
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BlackRock Municipal Income Trust II
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BLE
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$0.082000
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-
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BlackRock Municipal Income Investment Trust
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BBF
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$0.072375
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-
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BlackRock Municipal Target Term Trust
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BTT
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$0.093750
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-
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BlackRock MuniEnhanced Fund, Inc.
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MEN
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$0.060500
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-
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BlackRock MuniHoldings Fund II, Inc.
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MUH
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$0.083000
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-
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BlackRock MuniHoldings Fund, Inc.
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MHD
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$0.088500
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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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-
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BlackRock MuniHoldings Quality Fund, Inc.
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MUS
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$0.067500
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-
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BlackRock MuniHoldings Investment Quality Fund
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MFL
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$0.071500
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-
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BlackRock MuniVest Fund II, Inc.
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MVT
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$0.088500
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-
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BlackRock MuniVest Fund, Inc.
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MVF
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$0.056500
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-
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BlackRock MuniYield Fund, Inc.
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MYD
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$0.080500
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-
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BlackRock MuniYield Quality Fund III, Inc.
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MYI
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$0.074000
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-
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BlackRock MuniYield Investment Quality Fund
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MFT
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$0.071000
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-
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BlackRock MuniYield Investment Fund
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MYF
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$0.079000
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-
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BlackRock MuniYield Quality Fund II, Inc.
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MQT
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$0.070500
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-
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BlackRock MuniYield Quality Fund, Inc.
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MQY
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$0.080000
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-
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BlackRock Investment Quality Municipal Trust, Inc.
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BKN
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$0.080000
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-
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The BlackRock Strategic Municipal Trust
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BSD
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$0.074000
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-
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State-Specific Funds
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Ticker
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Distribution
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Change From
Prior
Distribution
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BlackRock California Municipal Income Trust
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BFZ
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$0.077700
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-
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BlackRock California Municipal 2018 Term Trust
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BJZ
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$0.042500
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-
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BlackRock Massachusetts Tax-Exempt Trust
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MHE
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$0.062500
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-
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BlackRock MuniHoldings California Quality Fund, Inc.
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MUC
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$0.071500
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-
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BlackRock MuniYield California Fund, Inc.
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MYC
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$0.079000
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-
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BlackRock MuniYield California Quality Fund, Inc.
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MCA
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$0.076000
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-
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BlackRock Florida Municipal 2020 Term Trust
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BFO
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$0.050250
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-
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BlackRock Maryland Municipal Bond Trust
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BZM
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$0.059500
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-
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BlackRock Muni New York Intermediate Duration Fund, Inc.
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MNE
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$0.061000
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-
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BlackRock MuniHoldings New York Quality Fund, Inc.
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MHN
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$0.071000
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-
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BlackRock MuniYield New York Quality Fund, Inc.
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MYN
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$0.068000
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-
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BlackRock New York Municipal Income Quality Trust
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BSE
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$0.062500
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-
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BlackRock New York Municipal Bond Trust
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BQH
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$0.066500
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-
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BlackRock New York Municipal Income Trust
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BNY
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$0.069000
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-
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BlackRock New York Municipal Income Trust II
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BFY
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$0.070000
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-
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BlackRock New York Municipal 2018 Term Trust
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BLH
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$0.027800
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-
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BlackRock MuniHoldings New Jersey Quality Fund, Inc.
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MUJ
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$0.074000
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-
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BlackRock MuniYield New Jersey Fund, Inc.
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MYJ
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$0.075000
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-
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BlackRock MuniYield New Jersey Quality Fund, Inc.
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MJI
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$0.074000
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-
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BlackRock New Jersey Municipal Bond Trust
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BLJ
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$0.074500
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-
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BlackRock New Jersey Municipal Income Trust
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BNJ
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$0.075100
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-
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BlackRock MuniYield Arizona Fund, Inc.
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MZA
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$0.069500
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-
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BlackRock MuniYield Michigan Quality Fund II, Inc.
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MYM
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$0.067500
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-
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BlackRock MuniYield Michigan Quality Fund, Inc.
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MIY
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$0.074000
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-
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BlackRock MuniYield Pennsylvania Quality Fund
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MPA
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$0.074000
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-
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The BlackRock Pennsylvania Strategic Municipal Trust
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BPS
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$0.061000
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-
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BlackRock Virginia Municipal Bond Trust
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BHV
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$0.071500
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-
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Taxable Municipal Fund:
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Declaration- 4/1/2014
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Ex-Date- 4/11/2014
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Record- 4/15/2014
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Payable- 4/30/2014
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Fund
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Ticker
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Distribution
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Change From
Prior
Distribution
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BlackRock Build America Bond Trust
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BBN
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$0.131800
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-
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Taxable Funds:
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Declaration- 4/1/2014
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Ex-Date- 4/11/2014
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Record- 4/15/2014
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Payable- 4/30/2014
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Fund
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Ticker
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Distribution
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Change From
Prior
Distribution
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BlackRock Floating Rate Income Trust*
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BGT
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$0.069500
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-
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BlackRock Core Bond Trust
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BHK
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$0.075500
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-
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BlackRock Defined Opportunity Credit Trust
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BHL
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$0.060500
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-
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BlackRock Multi-Sector Income Trust
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BIT
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$0.116700
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-
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BlackRock Income Trust, Inc.
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BKT
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$0.035000
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-
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BlackRock Limited Duration Income Trust
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BLW
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$0.099500
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-
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BlackRock Income Opportunity Trust, Inc.
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BNA
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$0.059500
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-
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BlackRock Credit Allocation Income Trust
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BTZ
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$0.080500
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-
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BlackRock Debt Strategies Fund, Inc.
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DSU
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$0.025000
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-
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BlackRock Enhanced Government Fund, Inc.*
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EGF
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$0.055000
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-
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BlackRock Floating Rate Income Strategies Fund, Inc.
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FRA
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$0.070000
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-
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BlackRock Corporate High Yield Fund, Inc.
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HYT
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$0.080500
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-
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* 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 2014 will be made after the end
of the year.
BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) (“EGF”) has adopted
a level distribution plan (the “Plan”) and employs 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 EGF’s Board of Directors. Under the Plan, EGF 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, EGF will distribute
long-term capital gains and/or return capital to its shareholders in
order to maintain a level distribution.
EGF’s estimated sources of the distribution paid as of March 31, 2014
and for its current fiscal year through March 31, 2014 are as follows:
Estimated Allocations as of March 31, 2014
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Fund
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Distribution
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Net Investment
Income
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Net Realized
Short-Term
Gains
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Net Realized
Long-Term
Gains
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Return of Capital
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EGF1
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$0.055000
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$0.044780 (81%)
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$0 (0%)
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$0 (0%)
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$0.010220 (19%)
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Estimated Allocations for the fiscal year through March 31, 2014
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Fund
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Distribution
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Net Investment
Income
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Net Realized
Short-Term
Gains
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Net Realized
Long-Term
Gains
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Return of Capital
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EGF1
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$0.110000
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$0.099780 (91%)
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$0 (0%)
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$0 (0%)
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$0.010220 (9%)
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1 EGF estimates that it has distributed more than its
income and net realized capital gains in the current fiscal year;
therefore, a portion of the 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 EGF’s
investment performance and should not be confused with ‘yield’ or
‘income’. When distributions exceed total return performance, the
difference will reduce EGF’s net asset value per share.
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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 EGF’s
investment experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. EGF will send its
shareholders a Form 1099-DIV for the calendar year that will tell its
shareholders how to report these distributions for federal income tax
purposes.
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Fund Performance and Distribution Rate Information:
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Fund
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Average annual total
return (in relation to
NAV) for the 5-year
period ending on
2/28/2014
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Annualized current
distribution rate
expressed as a
percentage of NAV as
of 2/28/2014
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Cumulative total
return (in relation to
NAV) for the fiscal
year through
2/28/2014
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Cumulative fiscal
year distributions
as a percentage of
NAV as of
2/28/2014
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EGF
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5.36%
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4.34%
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0.92%
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0.36%
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Shareholders should not draw any conclusions about EGF’s investment
performance from the amount of EGF’s current distributions or from the
terms of the Plan.
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
December 31, 2013, BlackRock’s AUM was $4.324 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 December 31, 2013,
the firm had approximately 11,400 employees in more than 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 the Funds 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 the Funds
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.
Copyright Business Wire 2014