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

Updated

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 Credit Allocation Income Trust (NYS: BTZ) announced a distribution increase in order to better align its distribution rate with its current level of earnings. In addition, BlackRock Florida Municipal 2020 Term Trust (NYS: BFO) , a target term trust that is scheduled to mature on or about December 31, 2020, announced a distribution reduction. BFO's distribution reduction reflects the Fund's current and expected earnings potential when considering BFO's investment objective of returning $15 per common share (the initial public offering price per common share) to common shareholders at maturity.

Municipal Funds:

Declaration- 10/1/2013 Ex-Date- 10/11/2013 Record- 10/16/2013 Payable- 11/1/2013

National Funds

Ticker

Distribution

Change From

Prior

Distribution

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 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

-

BlackRock Municipal Income Trust II

BLE

$0.085000

-

BlackRock Municipal Income Investment Trust

BBF

$0.072375

-

BlackRock Municipal Target Term Trust

BTT

$0.093750

-

BlackRock MuniEnhanced Fund, Inc.

MEN

$0.060500

-

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

-

BlackRock MuniHoldings Investment Quality Fund

MFL

$0.071500

-

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

-

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

Prior

Distribution

BlackRock California Municipal Income Trust

BFZ

$0.077700

-

BlackRock MuniHoldings California Quality Fund, Inc.

MUC

$0.071500

-

BlackRock MuniYield California Fund, Inc.

MYC

$0.079000

-

BlackRock MuniYield California Quality Fund, Inc.

MCA

$0.076000

-

BlackRock Florida Municipal 2020 Term Trust

BFO

$0.050250

-$0.005750

BlackRock Maryland Municipal Bond Trust

BZM

$0.062500

-

BlackRock Massachusetts Tax-Exempt Trust

MHE

$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 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

-

BlackRock New Jersey Municipal Bond Trust

BLJ

$0.074500

-

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

-

BlackRock Virginia Municipal Bond Trust

BHV

$0.073000

-

Taxable Municipal Fund:

Declaration- 10/1/2013 Ex-Date- 10/11/2013 Record- 10/16/2013 Payable- 10/31/2013

Fund

Ticker

Distribution

Change From

Prior

Distribution

BlackRock Build America Bond Trust

BBN

$0.131800

-

Taxable Funds:

Declaration- 10/1/2013 Ex-Date- 10/11/2013 Record- 10/16/2013 Payable- 10/31/2013

Fund

Ticker

Distribution

Change From

Prior

Distribution

BlackRock Senior High Income Fund, Inc.

ARK

$0.024000

-

BlackRock Floating Rate Income Trust

BGT

$0.072500

-

BlackRock Strategic Bond Trust

BHD

$0.078000

-

BlackRock Core Bond Trust

BHK

$0.075500

-

BlackRock Defined Opportunity Credit Trust

BHL

$0.066000

-

The BlackRock High Yield Trust

BHY

$0.042800

-

BlackRock Multi-Sector Income Trust

BIT

$0.116700

-

The BlackRock Income Trust, Inc.

BKT

$0.037000

-

BlackRock Limited Duration Income Trust

BLW

$0.104500

-

BlackRock Income Opportunity Trust, Inc.

BNA

$0.059500

-

BlackRock Credit Allocation Income Trust

BTZ

$0.080500

$0.002000

BlackRock Corporate High Yield Fund, Inc.

COY

$0.049500

-

BlackRock Corporate High Yield Fund III, Inc.

CYE

$0.050500

-

BlackRock Debt Strategies Fund, Inc.

DSU

$0.025000

-

BlackRock Enhanced Government Fund, Inc.*

EGF

$0.065000

-

BlackRock Floating Rate Income Strategies Fund, Inc.

FRA

$0.075500

-

BlackRock High Income Shares

HIS

$0.014200

-

BlackRock Corporate High Yield Fund VI, Inc.

HYT

$0.080500

-

BlackRock Corporate High Yield Fund V, Inc.

HYV

$0.085500

-


* 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 Enhanced Government Fund, Inc. (NYS: EGF) ("EGF") has adopted a level distribution plan (the "Plan") and employs 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 EGF's Board of Directors. Under its 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 September 30, 2013 and for its current fiscal year are as follows:

Estimated Allocations as of September 30, 2013

Fund

Distribution

Net Investment

Income

Net Realized

Short-Term

Gains

Net Realized

Long-Term

Gains

Return of Capital

EGF1

$0.065000

$0.036826 (57%)

$0 (0%)

$0 (0%)

$0.028174 (43%)

Estimated Allocations for the fiscal year through September 30, 2013

Fund

Distribution

Net Investment

Income

Net Realized

Short-Term

Gains

Net Realized

Long-Term

Gains

Return of Capital

EGF1

$0.520000

$0.320073 (62%)

$0 (0%)

$0 (0%)

$0.199927 (38%)

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 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 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.

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 you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

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