BlackRock Announces Name Change for BlackRock Credit Allocation Income Trust IV

BlackRock Announces Name Change for BlackRock Credit Allocation Income Trust IV

NEW YORK--(BUSINESS WIRE)-- BlackRock Advisors, LLC today announced that the Board of Trustees of BlackRock Credit Allocation Income Trust IV (NYSE:BTZ, the "Trust") has approved a name change for the Trust. Effective February 11, 2013, BTZ's name will be "BlackRock Credit Allocation Income Trust".

This change was made following the completion of the reorganization of BlackRock Credit Allocation Income Trust I, Inc. (formerly NYSE:PSW), BlackRock Credit Allocation Income Trust II, Inc. (formerly NYSE:PSY) and BlackRock Credit Allocation Income Trust III (formerly NYSE:BPP) with and into BTZ in December 2012. The change announced today relates only to the Trust's name and the Trust will continue to trade on the NYSE under its current ticker symbol.

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 BTZ may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BTZ'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 BTZ, 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 BTZ or in BTZ's net asset value; (2) the relative and absolute investment performance of BTZ 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 BTZ 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 BTZ with the Securities and Exchange Commission ("SEC") are accessible on the SEC's website at www.sec.govand on BlackRock's website at www.blackrock.com, and may discuss these or other factors that affect BTZ. The information contained on BlackRock's website is not a part of this press release.

BlackRock
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