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

NEW YORK–(BUSINESS WIRE)–Certain BlackRock closed-end funds (the “Funds”) announced distributions
today as detailed below. BlackRock Florida Municipal 2020 Term Trust
(NYSE:BFO) declared its June and July distribution early.

Municipal Funds:

Declaration- 5/1/2019     Ex-Date- 5/14/2019     Record- 5/15/2019
    Payable- 6/3/2019

National Funds

 

Ticker

 

Distribution

 

Change From Prior

Distribution

BlackRock Municipal Income Quality Trust* BYM $0.052000
BlackRock Municipal Income Investment Quality Trust BAF $0.058500
BlackRock Long-Term Municipal Advantage Trust BTA $0.050500
BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.044500
BlackRock Municipal Income Investment Trust* BBF $0.058000
BlackRock MuniAssets Fund, Inc. MUA $0.054500
BlackRock Municipal Bond Trust BBK $0.054500
BlackRock Municipal Income Trust BFK $0.058500
BlackRock Municipal Income Trust II BLE $0.058000
BlackRock Investment Quality Municipal Trust, Inc. BKN $0.057000
BlackRock Municipal 2030 Target Term Trust BTT $0.062400
The BlackRock Strategic Municipal Trust BSD $0.057000
BlackRock MuniEnhanced Fund, Inc. MEN $0.044000
BlackRock MuniHoldings Investment Quality Fund MFL $0.052500
BlackRock MuniYield Investment Quality Fund MFT $0.059000
BlackRock MuniHoldings Fund, Inc. MHD $0.067500
BlackRock MuniYield Quality Fund II, Inc. MQT $0.048000
BlackRock MuniYield Quality Fund, Inc. MQY $0.056000
BlackRock MuniHoldings Quality Fund II, Inc.* MUE $0.049000
BlackRock MuniHoldings Fund II, Inc. MUH $0.061500
BlackRock MuniHoldings Quality Fund, Inc. MUS $0.044500
BlackRock MuniVest Fund II, Inc. MVT $0.059500
BlackRock MuniYield Fund, Inc. MYD $0.059000
BlackRock MuniYield Investment Fund MYF $0.062000
BlackRock MuniYield Quality Fund III, Inc. MYI $0.050500
BlackRock MuniVest Fund, Inc. MVF $0.038500
BlackRock Municipal 2020 Term Trust BKK $0.031800

 

State-Specific Funds

Ticker

Distribution

Change From Prior

Distribution

 

 

BlackRock MuniHoldings California Quality Fund, Inc.

 

 

MUC

 

 

$0.047500

 

 

BlackRock California Municipal Income Trust* BFZ $0.044500
BlackRock MuniYield California Fund, Inc. MYC $0.048000
BlackRock MuniYield California Quality Fund, Inc. MCA $0.052000
BlackRock Florida Municipal 2020 Term Trust BFO $0.020000
BlackRock Maryland Municipal Bond Trust BZM $0.047400
BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.052000
BlackRock Muni New York Intermediate Duration Fund, Inc.* MNE $0.040000
BlackRock MuniHoldings New York Quality Fund, Inc. MHN $0.044500
BlackRock MuniYield New York Quality Fund, Inc. MYN $0.042500
BlackRock New York Municipal Income Quality Trust BSE $0.040500
BlackRock New York Municipal Bond Trust BQH $0.048000
BlackRock New York Municipal Income Trust BNY $0.044500
BlackRock New York Municipal Income Trust II BFY $0.049000
BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.052500
BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.060500
BlackRock MuniYield Pennsylvania Quality Fund* MPA $0.053000
BlackRock MuniYield Arizona Fund, Inc. MZA $0.047000
BlackRock Virginia Municipal Bond Trust BHV $0.053500
BlackRock Massachusetts Tax-Exempt Trust MHE $0.044000
 

Taxable Municipal Fund:

Declaration- 5/1/2019     Ex-Date- 5/14/2019     Record-5/15/2019
    Payable- 5/31/2019

Fund

 

Ticker

 

Distribution

 

Change From Prior

Distribution

BlackRock Taxable Municipal Bond Trust* BBN $0.118800
 

Taxable Funds:

Declaration- 5/1/2019     Ex-Date- 5/14/2019     Record-5/15/2019
    Payable- 5/31/2019

Fund

 

Ticker

 

Distribution

 

Change From Prior

Distribution

BlackRock Floating Rate Income Trust BGT $0.061800
BlackRock Core Bond Trust* BHK $0.065000
BlackRock Multi-Sector Income Trust* BIT $0.116700
BlackRock Income Trust, Inc.* BKT $0.034400
BlackRock Limited Duration Income Trust BLW $0.079500
BlackRock Credit Allocation Income Trust BTZ $0.067000
BlackRock Debt Strategies Fund, Inc. DSU $0.068500
BlackRock Enhanced Government Fund, Inc.* EGF $0.041000
BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.069500
BlackRock Corporate High Yield Fund, Inc. HYT $0.072000
BlackRock 2022 Global Income Opportunity Trust* BGIO $0.050000
 

Equity Funds:

Declaration- 5/1/2019     Ex-Date- 5/14/2019     Record-5/15/2019
    Payable- 5/31/2019

Fund

 

Ticker

 

Distribution

 

Change From Prior

Distribution

BlackRock Resources & Commodities Strategy Trust* BCX $0.051600
BlackRock Enhanced Equity Dividend Trust* BDJ $0.046700
BlackRock Energy and Resources Trust* BGR $0.077600
BlackRock Enhanced International Dividend Trust* BGY $0.033800
BlackRock Health Sciences Trust* BME $0.200000
BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.082800
BlackRock Enhanced Global Dividend Trust* BOE $0.063000
BlackRock Utilities, Infrastructure & Power Opportunities Trust* BUI $0.121000
BlackRock Science and Technology Trust* BST $0.150000
 

Early Declaration of Regular Monthly Distributions
for BlackRock Florida Municipal 2020 Term Trust (BFO):

June 2019 Distribution:
Declaration- 5/1/2019     Ex-Date-
6/13/2019     Record- 6/14/2019     Payable- 7/1/2019

July 2019 Distribution:
Declaration- 5/1/2019     Ex-Date-
7/12/2019     Record- 7/15/2019     Payable- 7/31/2019

Monthly Per-Share Distribution Amount:

Fund

 

Ticker

 

Distribution

 

Change From Prior

Distribution

BlackRock Florida Municipal 2020 Term Trust BFO $0.020000
 

* 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 its 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 2019 will be made after the end
of the year.

BlackRock Resources & Commodities Strategy Trust (NYSE:BCX), BlackRock
Enhanced Equity Dividend Trust (NYSE:BDJ), BlackRock Energy and
Resources Trust (NYSE:BGR), BlackRock Enhanced International Dividend
Trust (NYSE:BGY), BlackRock Health Sciences Trust (NYSE:BME), BlackRock
Enhanced Global Dividend Trust (NYSE:BOE), BlackRock Utilities,
Infrastructure & Power Opportunities Trust (NYSE:BUI), BlackRock
Enhanced Capital and Income Fund, Inc. (NYSE:CII), BlackRock Science and
Technology Trust (NYSE:BST), and BlackRock Enhanced Government Fund,
Inc. (NYSE:EGF) (collectively, the “Plan Funds”) have adopted a managed
distribution plan (a “Plan”) and employ 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 of Directors/Trustees.

Under its Plan, each Plan Fund will distribute all available investment
income to its shareholders, consistent with its 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, each
Plan Fund will distribute long-term capital gains and/or return capital
to its shareholders in order to maintain a level distribution.

The Plan Funds’ estimated sources of the distributions paid as of April
30, 2019 and for its current fiscal year is as follows:

Estimated Allocations as of April 30, 2019        
Fund   Distribution  

Net Investment
Income

 

Net Realized Short-
Term Gains

 

Net Realized Long-
Term Gains

  Return of Capital
BCX1   $0.051600   $0.011879 (23%)   $0 (0%)   $0 (0%)   $0.039721 (77%)
BDJ   $0.046700   $0.012734 (27%)   $0 (0%)   $0.033966 (73%)   $0 (0%)
BGR1   $0.077600   $0.011054 (14%)   $0 (0%)   $0 (0%)   $0.066546 (86%)
BGY1   $0.033800   $0.012397 (37%)   $0 (0%)   $0 (0%)   $0.021403 (63%)
BME   $0.200000   $0.010723 (5%)   $0 (0%)   $0.189277 (95%)   $0 (0%)
BOE1   $0.063000   $0.027495 (44%)   $0 (0%)   $0 (0%)   $0.035505 (56%)
BUI   $0.121000   $0.008136 (7%)   $0 (0%)   $0.112864 (93%)   $0 (0%)
CII   $0.082800   $0.014514 (18%)   $0 (0%)   $0.068286 (82%)   $0 (0%)
BST   $0.150000   $0 (0%)   $0 (0%)   $0.150000 (100%)   $0 (0%)
EGF1   $0.041000   $0.029125 (71%)   $0 (0%)   $0 (0%)   $0.011875 (29%)
         
Estimated Allocations for the Fiscal Year through April 30, 2019
Fund   Distribution  

Net Investment
Income

 

Net Realized Short-
Term Gains

 

Net Realized Long-
Term Gains

  Return of Capital
BCX1   $0.206400   $0.115753 (56%)   $0 (0%)   $0 (0%)   $0.090647 (44%)
BDJ   $0.186800   $0.078923 (42%)   0 (0%)   $0.107877 (58%)   $0 (0%)
BGR1   $0.310400   $0.128536 (41%)   0 (0%)   $0 (0%)   $0.181864 (59%)
BGY1   $0.135200   $0.064373 (48%)   0 (0%)   $0 (0%)   $0.070827 (52%)
BME   $0.800000   $0.051874 (6%)   0 (0%)   $0.748126 (94%)   $0 (0%)
BOE1   $0.252000   $0.127342 (51%)   0 (0%)   $0 (0%)   $0.124658 (49%)
BUI   $0.484000   $0.174325 (36%)   0 (0%)   $0.309675 (64%)   $0 (0%)
CII   $0.331200   $0.083529 (25%)   0 (0%)   $0.247671 (75%)   $0 (0%)
BST   $0.600000   $0 (0%)   0 (0%)   $0.600000 (100%)   $0 (0%)
EGF1   $0.123000   $0.099781 (81%)   0 (0%)   $0 (0%)   $0.023219 (19%)
         

1The 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 the 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 each
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 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:    
Fund  

Average annual total
return (in relation to
NAV) for the
5-year
period ending on
3/31/2019

 

Annualized current
distribution rate
expressed as a
percentage
of NAV as of
3/31/2019

 

Cumulative total return
(in relation to NAV) for
the
fiscal year through
3/31/2019

 

Cumulative fiscal
year distributions
as a percentage of
NAV
as of
3/31/2019

BCX   0.54%   6.50%   13.15%   1.63%
BDJ   7.61%   5.90%   9.20%   1.47%
BGR   (5.44)%   6.78%   14.11%   1.70%
BGY   1.02%   6.46%   10.29%   1.61%
BME   11.99%   6.46%   7.85%   1.62%
BOE   3.57%   6.29%   10.37%   1.57%
BUI   6.45%   7.03%   10.93%   1.76%
CII   9.39%   5.83%   10.90%   1.46%
BST*   18.80%   5.64%   20.64%   1.41%
EGF   1.95%   3.64%   1.52%   0.91%
     

*Portfolio launched within the past 5 years; the performance and
distribution rate information presented for this Fund reflects data from
inception to 3/31/2019.

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 a Plan Fund’s Plan.

BKT has adopted a Plan whereby beginning August 2018 the Fund will make
fixed monthly distributions to common stockholders and will distribute
all available investment income to its stockholders, consistent with its
investment objective and as required by the Code. The fixed amount
distributed per share is subject to change at the discretion of BKT’s
Board.
If sufficient investment income is not available on a monthly
basis, the Fund will distribute long-term capital gains and/or return
capital to its stockholders in order to maintain a level distribution.
The Fund is currently not relying on any exemptive relief from Section
19(b) of the 1940 Act. The Fund expects that distributions under the
Plan will exceed current income and capital gains and therefore will
likely include a return of capital. BKT may make additional
distributions from time to time, including additional capital gain
distributions at the end of the taxable year, if required to meet
requirements imposed by the Code and/or the 1940 Act.

BKT’s estimated sources of the distributions paid as of April 30, 2019
and for its current fiscal year is as follows:

Estimated Allocations as of April 30, 2019    
Fund   Distribution  

Net Investment
Income

 

Net Realized
Short-Term Gains

 

Net Realized Long-
Term Gains

 

Return of Capital

BKT2   $0.034400   $0.020480 (60%)   $0 (0%)   $0 (0%)   $0.013920 (40%)
         
Estimated Allocations for the Fiscal Year through April 30, 2019    
Fund   Distribution  

Net Investment
Income

 

Net Realized
Short-Term Gains

 

Net Realized Long-
Term Gains

 

Return of Capital

BKT2   $0.103200   $0.061439 (60%)   $0 (0%)   $0 (0%)   $0.041761 (40%)
         

2BKT 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 a stockholder’s
investment is paid back to the stockholder. A return of capital
distribution does not necessarily reflect BKT’s investment performance
and should not be confused with ‘yield’ or ‘income’. When distributions
exceed total return performance, the difference will reduce BKT’s net
asset value per share.

The amounts and sources of distributions reported are only estimates
and are being provided to you pursuant to regulatory requirements and
are not being provided for tax reporting purposes. The actual amounts
and sources of the amounts for tax reporting purposes will depend upon
BKT’s investment experience during the remainder of its fiscal year and
may be subject to changes based on tax regulations. BKT will send its
stockholders a Form 1099-DIV for the calendar year that will illustrate
how to report these distributions for federal income tax purposes

Fund Performance and Distribution Rate Information:    
Fund  

Average annual total
return (in relation to
NAV) for the
5-year
period ending on
3/31/2019

 

Annualized current
distribution rate
expressed as a
percentage
of NAV as of
3/31/2019

 

Cumulative total return
(in relation to NAV) for
the
fiscal year through
3/31/2019

 

Cumulative fiscal
year distributions
as a percentage of
NAV
as of
3/31/2019

BKT   3.10%   6.59%   2.30%   1.65%
       

No conclusions should be drawn about the BKT’s investment performance
from the amount of the Fund’s distributions or from the terms of the
Fund’s Plan.

The amount distributed per share under a Plan is subject to change at
the discretion of the applicable Fund’s Board.
Each Plan will be
subject to ongoing review by the Board to determine whether the Plan
should be continued, modified or terminated. The Board may amend the
terms of a Plan or suspend or terminate a Plan at any time without prior
notice to the Fund’s shareholders if it deems such actions to be in the
best interest of the Fund or its shareholders. The amendment or
termination of a Plan could have an adverse effect on the market price
of the Fund’s shares.

About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary
to investors and a leading provider of financial technology, our clients
turn to us for the solutions they need when planning for their most
important goals. As of March 31, 2019, the firm managed approximately
$6.52 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.

Contacts

BlackRock
1-800-882-0052

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