BlackRock Closed-End Funds Announce Addition to Boards of Directors/Trustees
The BlackRock registered closed-end funds (each a "Fund" and collectively, the "Funds") announced today that Henry Gabbay will
become an independent director/trustee of each Fund on January 1, 2019. Mr. Gabbay will stand for election at the 2019 annual
shareholder meeting for each Fund listed for trading on the New York Stock Exchange.
Mr. Gabbay is a director/trustee of certain BlackRock open-end funds. He previously served as a director/trustee of the Funds
from 2007 through 2014.
About BlackRock
BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and
technology solutions they need when planning for their most important goals. As of September 30, 2018, the firm manages
approximately $6.44 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 BlackRock’s
website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to,
incorporate BlackRock’s 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 Fund’s 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 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.
BlackRock
1-800-882-0052
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