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.

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 FundsTickerDistribution

Change From

Prior

Distribution

BlackRock Municipal Income Quality TrustBYM$0.078000-
BlackRock Municipal Income Investment Quality TrustBAF$0.068500-
BlackRock Long-Term Municipal Advantage TrustBTA$0.062000-
BlackRock Muni Intermediate Duration Fund, Inc.MUI$0.071500-
BlackRock MuniAssets Fund, Inc.MUA$0.062500-
BlackRock Municipal Bond TrustBBK$0.078500-
BlackRock Municipal 2020 Term TrustBKK$0.062250-
BlackRock Municipal Bond Investment TrustBIE$0.076000-
BlackRock Municipal Income TrustBFK$0.075100-
BlackRock Municipal Income Trust IIBLE$0.085000-
BlackRock Municipal Income Investment TrustBBF$0.072375-
BlackRock Municipal Target Term TrustBTT$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 FundMFL$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 FundMFT$0.071000-
BlackRock MuniYield Investment FundMYF$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 TrustBSD$0.074000-
 
         

State-Specific Funds

TickerDistribution

Change From

Prior

Distribution

BlackRock California Municipal Income TrustBFZ$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 TrustBFO$0.050250-$0.005750
BlackRock Maryland Municipal Bond TrustBZM$0.062500-
BlackRock Massachusetts Tax-Exempt TrustMHE$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 TrustBSE$0.067500-
BlackRock New York Municipal Bond TrustBQH$0.066500-
BlackRock New York Municipal Income TrustBNY$0.069000-
BlackRock New York Municipal Income Trust IIBFY$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 TrustBLJ$0.074500-
BlackRock New Jersey Municipal Income TrustBNJ$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 FundMPA$0.074000-
The BlackRock Pennsylvania Strategic Municipal TrustBPS$0.065000-
BlackRock Virginia Municipal Bond TrustBHV$0.073000-
 
           

Taxable Municipal Fund:

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

 
FundTickerDistribution

Change From

Prior

Distribution

BlackRock Build America Bond TrustBBN$0.131800-
 

Taxable Funds:

          

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

 
FundTickerDistribution

Change From

Prior

Distribution

BlackRock Senior High Income Fund, Inc.ARK$0.024000-
BlackRock Floating Rate Income TrustBGT$0.072500-
BlackRock Strategic Bond TrustBHD$0.078000-
BlackRock Core Bond TrustBHK$0.075500-
BlackRock Defined Opportunity Credit TrustBHL$0.066000-
The BlackRock High Yield TrustBHY$0.042800-
BlackRock Multi-Sector Income TrustBIT$0.116700-
The BlackRock Income Trust, Inc.BKT$0.037000-
BlackRock Limited Duration Income TrustBLW$0.104500-
BlackRock Income Opportunity Trust, Inc.BNA$0.059500-
BlackRock Credit Allocation Income TrustBTZ$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 SharesHIS$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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