Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
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.
Several of the municipal Funds announced distribution changes. Generally, these distribution changes were made in order to better align the Funds' distribution rates with their current level of earnings. In addition, BlackRock Municipal Target Term Trust (NYS: BTT) , a target term trust that is scheduled to mature on or about December 31, 2030, announced a distribution reduction. BTT's distribution reduction reflects the Fund's current and expected earnings potential when considering BTT's investment objective of returning $25 per common share (the initial public offering price per common share) to common shareholders at maturity.
Municipal Funds:
Declaration- 6/3/2013 | Ex-Date- 6/12/2013 | Record- 6/14/2013 | Payable- 7/1/2013 |
National Funds | Ticker | Distribution | Change From | ||||||
BlackRock Municipal Income Quality Trust | BYM | $0.078000 | - | ||||||
BlackRock Municipal Income Investment Quality Trust | BAF | $0.068500 | - | ||||||
BlackRock Long-Term Municipal Advantage Trust | BTA | $0.062000 | - | ||||||
BlackRock Muni Intermediate Duration Fund, Inc. | MUI | $0.071500 | - | ||||||
BlackRock MuniAssets Fund, Inc. | MUA | $0.062500 | - | ||||||
BlackRock Municipal 2018 Term Trust | BPK | $0.061000 | - | ||||||
BlackRock Municipal Bond Trust | BBK | $0.078500 | - | ||||||
BlackRock Municipal 2020 Term Trust | BKK | $0.062250 | - | ||||||
BlackRock Municipal Bond Investment Trust | BIE | $0.076000 | - | ||||||
BlackRock Municipal Income Trust | BFK | $0.075100 | -$0.005000 | ||||||
BlackRock Municipal Income Trust II | BLE | $0.085000 | - | ||||||
BlackRock Municipal Income Investment Trust | BBF | $0.072375 | - | ||||||
BlackRock Municipal Target Term Trust | BTT | $0.093750 | -$0.005250 | ||||||
BlackRock MuniEnhanced Fund, Inc. | MEN | $0.060500 | $0.002500 | ||||||
BlackRock MuniHoldings Fund II, Inc. | MUH | $0.083000 | - | ||||||
BlackRock MuniHoldings Fund, Inc. | MHD | $0.091500 | - | ||||||
BlackRock MuniHoldings Quality Fund II, Inc. | MUE | $0.070500 | - | ||||||
BlackRock MuniHoldings Quality Fund, Inc. | MUS | $0.067500 | -$0.006500 | ||||||
BlackRock MuniHoldings Investment Quality Fund | MFL | $0.071500 | -$0.005000 | ||||||
BlackRock MuniVest Fund II, Inc. | MVT | $0.091000 | - | ||||||
BlackRock MuniVest Fund, Inc. | MVF | $0.059000 | - | ||||||
BlackRock MuniYield Fund, Inc. | MYD | $0.083500 | - | ||||||
BlackRock MuniYield Quality Fund III, Inc. | MYI | $0.072000 | - | ||||||
BlackRock MuniYield Investment Quality Fund | MFT | $0.071000 | - | ||||||
BlackRock MuniYield Investment Fund | MYF | $0.079000 | - | ||||||
BlackRock MuniYield Quality Fund II, Inc. | MQT | $0.070500 | $0.001000 | ||||||
BlackRock MuniYield Quality Fund, Inc. | MQY | $0.080000 | - | ||||||
The BlackRock Investment Quality Municipal Trust, Inc. | BKN | $0.080000 | - | ||||||
The BlackRock Strategic Municipal Trust | BSD | $0.074000 | - | ||||||
State-Specific Funds | Ticker | Distribution | Change From | ||||||
BlackRock California Municipal Income Trust | BFZ | $0.077700 | - | ||||||
BlackRock California Municipal 2018 Term Trust | BJZ | $0.051300 | - | ||||||
BlackRock MuniHoldings California Quality Fund, Inc. | MUC | $0.071500 | -$0.007500 | ||||||
BlackRock MuniYield California Fund, Inc. | MYC | $0.079000 | - | ||||||
BlackRock MuniYield California Quality Fund, Inc. | MCA | $0.076000 | - | ||||||
BlackRock Maryland Municipal Bond Trust | BZM | $0.062500 | - | ||||||
BlackRock Muni New York Intermediate Duration Fund, Inc. | MNE | $0.062500 | - | ||||||
BlackRock MuniHoldings New York Quality Fund, Inc. | MHN | $0.076500 | - | ||||||
BlackRock MuniYield New York Quality Fund, Inc. | MYN | $0.071000 | - | ||||||
BlackRock New York Municipal 2018 Term Trust | BLH | $0.045300 | - | ||||||
BlackRock New York Municipal Income Quality Trust | BSE | $0.067500 | - | ||||||
BlackRock New York Municipal Bond Trust | BQH | $0.066500 | - | ||||||
BlackRock New York Municipal Income Trust | BNY | $0.069000 | - | ||||||
BlackRock New York Municipal Income Trust II | BFY | $0.070000 | - | ||||||
BlackRock MuniHoldings New Jersey Quality Fund, Inc. | MUJ | $0.074000 | - | ||||||
BlackRock MuniYield New Jersey Fund, Inc. | MYJ | $0.074000 | - | ||||||
BlackRock MuniYield New Jersey Quality Fund, Inc. | MJI | $0.074000 | $0.002000 | ||||||
BlackRock New Jersey Municipal Bond Trust | BLJ | $0.074500 | $0.001500 | ||||||
BlackRock New Jersey Municipal Income Trust | BNJ | $0.075100 | - | ||||||
BlackRock MuniYield Arizona Fund, Inc. | MZA | $0.069500 | - | ||||||
BlackRock MuniYield Michigan Quality Fund II, Inc. | MYM | $0.069000 | - | ||||||
BlackRock MuniYield Michigan Quality Fund, Inc. | MIY | $0.076500 | - | ||||||
BlackRock MuniYield Pennsylvania Quality Fund | MPA | $0.074000 | - | ||||||
The BlackRock Pennsylvania Strategic Municipal Trust | BPS | $0.065000 | -$0.006000 | ||||||
BlackRock Virginia Municipal Bond Trust | BHV | $0.073000 | - | ||||||
Massachusetts Health & Education Tax-Exempt Trust | MHE | $0.062500 | - | ||||||
Taxable Municipal Fund:
Declaration- 6/3/2013 | Ex-Date- 6/12/2013 | Record- 6/14/2013 | Payable- 6/28/2013 |
Fund | Ticker | Distribution | Change From | ||||||
BlackRock Build America Bond Trust | BBN | $0.131800 | - | ||||||
Taxable Funds:
Declaration- 6/3/2013 | Ex-Date- 6/12/2013 | Record- 6/14/2013 | Payable- 6/28/2013 |
Fund | Ticker | Distribution | Change From | ||||||
BlackRock Senior High Income Fund, Inc. | ARK | $0.025000 | - | ||||||
BlackRock Floating Rate Income Trust | BGT | $0.077500 | - | ||||||
BlackRock Strategic Bond Trust | BHD | $0.084500 | - | ||||||
BlackRock Core Bond Trust | BHK | $0.073000 | - | ||||||
BlackRock Defined Opportunity Credit Trust | BHL | $0.068500 | - | ||||||
The BlackRock High Yield Trust | BHY | $0.044500 | - | ||||||
BlackRock Multi-Sector Income Trust* | BIT | $0.116700 | - | ||||||
The BlackRock Income Trust, Inc. | BKT | $0.040500 | - | ||||||
BlackRock Limited Duration Income Trust | BLW | $0.109500 | - | ||||||
BlackRock Income Opportunity Trust, Inc. | BNA | $0.057000 | - | ||||||
BlackRock Credit Allocation Income Trust | BTZ | $0.078500 | - | ||||||
BlackRock Corporate High Yield Fund, Inc. | COY | $0.051000 | - | ||||||
BlackRock Corporate High Yield Fund III, Inc. | CYE | $0.052500 | - | ||||||
BlackRock Debt Strategies Fund, Inc. | DSU | $0.027000 | - | ||||||
BlackRock Enhanced Government Fund, Inc.* | EGF | $0.065000 | - | ||||||
BlackRock Floating Rate Income Strategies Fund, Inc. | FRA | $0.077000 | - | ||||||
BlackRock High Income Shares | HIS | $0.015200 | - | ||||||
BlackRock Corporate High Yield Fund VI, Inc. | HYT | $0.087500 | - | ||||||
BlackRock Corporate High Yield Fund V, Inc. | HYV | $0.090000 | - | ||||||
Equity Funds:
Declaration- 6/3/2013 | Ex-Date- 6/12/2013 | Record- 6/14/2013 | Payable- 6/28/2013 |
Fund | Ticker | Distribution | Change From | ||||||
BlackRock Real Asset Equity Trust* | BCF | $0.221500 | - | ||||||
BlackRock Resources & Commodities Strategy Trust* | BCX | $0.290000 | - | ||||||
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 | $0.384375 | - | ||||||
BlackRock EcoSolutions Investment Trust* | BQR | $0.179250 | - | ||||||
BlackRock Enhanced Capital and Income Fund, Inc.* | CII | $0.300000 | - | ||||||
* 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 2013 will be made after the end of the year.
BlackRock Real Asset Equity Trust (NYS: BCF) , BlackRock Resources & Commodities Strategy Trust (NYS: BCX) , BlackRock Enhanced Equity Dividend Trust (NYS: BDJ) , BlackRock Energy and Resources Trust (NYS: BGR) , BlackRock International Growth and Income Trust (NYS: BGY) , BlackRock Health Sciences Trust (NYS: BME) , BlackRock EcoSolutions Investment Trust (NYS: BQR) , BlackRock Enhanced Capital and Income Fund, Inc. (NYS: CII) and BlackRock Enhanced Government Fund, Inc. (NYS: EGF) have each adopted a level distribution plan (the "Plan" and such Funds, the "Plan Funds") and employ either a managed distribution 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 fiscal year through March 31, 2013 and May 31, 2013 are as follows:
Estimated Allocations as of May 31, 2013 | |||||||||||||||
Plan | Distribution | Net Investment | Net Realized | Net Realized | Return of Capital | ||||||||||
EGF1 | $0.065000 | $0.040925 (63%) | $0 (0%) | $0 (0%) | $0.024075 (37%) | ||||||||||
Estimated Allocations as of March 31, 2013 | |||||||||||||||
Plan | Distribution | Net Investment | Net Realized | Net Realized | Return of Capital | ||||||||||
BCF1 | $0.221500 | $0.016929 (8%) | $0 (0%) | $0 (0%) | $0.204571 (92%) | ||||||||||
BCX1 | $0.290000 | $0.044177 (15%) | $0 (0%) | $0 (0%) | $0.245823 (85%) | ||||||||||
BDJ1 | $0.140000 | $0.044743 (32%) | $0 (0%) | $0 (0%) | $0.095257 (68%) | ||||||||||
BGR | $0.405000 | $0.023195 (6%) | $0.076391 (19%) | $0.305414 (75%) | $0 (0%) | ||||||||||
BGY1 | $0.167850 | $0.013120 (8%) | $0 (0%) | ? | |||||||||||
