NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions
today as detailed below.
Details are as follows:
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Municipal Funds:
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Declaration- 11/2/2009 Ex-Date- 11/10/2009 Record-
11/13/2009 Payable- 12/1/2009
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National Funds
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Ticker
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Dividend
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Change From
Prior Month
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BlackRock Apex Municipal Fund, Inc.
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APX
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$0.046500
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-
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BlackRock Insured Municipal Income Trust
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BYM
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$0.068500
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-
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BlackRock Insured Municipal Income Investment Trust
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BAF
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$0.068500
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-
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BlackRock Investment Quality Municipal Income Trust
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RFA
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$0.070000
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-
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BlackRock Long-Term Municipal Advantage Trust
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BTA
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$0.057500
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-
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BlackRock Muni Intermediate Duration Fund, Inc.
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MUI
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$0.065500
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-
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BlackRock MuniAssets Fund, Inc.
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MUA
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$0.067500
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-
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BlackRock Municipal 2020 Term Trust
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BKK
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$0.062250
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-
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BlackRock Municipal Bond Trust
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BBK
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$0.085000
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-
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BlackRock Municipal Bond Investment Trust
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BIE
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$0.073800
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-
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BlackRock Municipal Income Trust
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BFK
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$0.078600
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-
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BlackRock Municipal Income Trust II
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BLE
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$0.081000
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-
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BlackRock Municipal Income Investment Trust
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BBF
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$0.075375
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-
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BlackRock MuniEnhanced Fund, Inc.
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MEN
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$0.053000
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-
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BlackRock MuniHoldings Fund II, Inc.
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MUH
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$0.075500
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-
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BlackRock MuniHoldings Fund, Inc.
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MHD
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$0.083500
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-
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BlackRock MuniHoldings Insured Fund II, Inc.
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MUE
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$0.070000
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-
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BlackRock MuniHoldings Insured Fund, Inc.
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MUS
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$0.070000
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-
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BlackRock MuniHoldings Insured Investment Fund
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MFL
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$0.068000
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-
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BlackRock MuniVest Fund II, Inc.
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MVT
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$0.083500
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-
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BlackRock MuniVest Fund, Inc.
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MVF
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$0.053000
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-
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BlackRock MuniYield Fund, Inc.
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MYD
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$0.069000
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-
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BlackRock MuniYield Insured Fund, Inc.
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MYI
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$0.061000
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-
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BlackRock MuniYield Insured Investment Fund
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MFT
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$0.066000
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-
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BlackRock MuniYield Investment Fund
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MYF
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$0.065500
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-
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BlackRock MuniYield Quality Fund II, Inc.
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MQT
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$0.062000
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-
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BlackRock MuniYield Quality Fund, Inc.
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MQY
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$0.069500
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-
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The BlackRock Investment Quality Municipal Trust, Inc.
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BKN
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$0.081500
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-
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The BlackRock Strategic Municipal Trust
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BSD
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$0.070000
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-
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State-Specific Funds
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Ticker
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Dividend
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Change From
Prior Month
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BlackRock California Insured Municipal Income Trust
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BCK
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$0.066000
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-
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BlackRock California Municipal Bond Trust
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BZA
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$0.077000
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-
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BlackRock California Municipal Income Trust
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BFZ
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$0.075700
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-
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BlackRock California Municipal Income Trust II
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BCL
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$0.074500
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-
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BlackRock MuniHoldings California Insured Fund, Inc.
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MUC
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$0.063000
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-
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BlackRock MuniYield California Fund, Inc.
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MYC
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$0.067500
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-
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BlackRock MuniYield California Insured Fund, Inc.
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MCA
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$0.061000
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-
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The BlackRock California Investment Quality Municipal Trust, Inc.
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RAA
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$0.053000
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-
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BlackRock Florida Municipal 2020 Term Trust, Inc.
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BFO
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$0.056000
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-
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BlackRock Maryland Municipal Bond Trust
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BZM
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$0.067900
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-
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BlackRock Muni New York Intermediate Duration Fund, Inc.
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MNE
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$0.055500
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-
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BlackRock MuniHoldings New York Insured Fund, Inc.
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MHN
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$0.068500
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-
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BlackRock MuniYield New York Insured Fund, Inc.
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MYN
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$0.052500
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-
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BlackRock New York Insured Municipal Income Trust
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BSE
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$0.065500
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-
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BlackRock New York Municipal Bond Trust
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BQH
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$0.078000
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-
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BlackRock New York Municipal Income Trust
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BNY
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$0.082500
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-
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BlackRock New York Municipal Income Trust II
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BFY
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$0.080000
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-
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The BlackRock New York Investment Quality Municipal Trust, Inc.
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RNY
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$0.068200
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-
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BlackRock MuniHoldings New Jersey Insured Fund, Inc.
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MUJ
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$0.069000
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-
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BlackRock MuniYield New Jersey Fund, Inc.
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MYJ
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$0.070500
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-
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BlackRock MuniYield New Jersey Insured Fund, Inc.
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MJI
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$0.069500
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-
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BlackRock New Jersey Municipal Bond Trust
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BLJ
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$0.075500
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-
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BlackRock New Jersey Municipal Income Trust
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BNJ
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$0.077600
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-
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The BlackRock New Jersey Investment Quality Municipal Trust
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RNJ
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$0.064000
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-
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BlackRock MuniYield Arizona Fund, Inc.
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MZA
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$0.067000
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-
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BlackRock MuniYield Michigan Insured Fund II, Inc.
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MYM
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$0.066500
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-
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BlackRock MuniYield Michigan Insured Fund, Inc.
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MIY
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$0.072500
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-
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BlackRock MuniYield Pennsylvania Insured Fund
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MPA
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$0.065500
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-
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The BlackRock Pennsylvania Strategic Municipal Trust
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BPS
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$0.064000
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-
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BlackRock Virginia Municipal Bond Trust
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BHV
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$0.080000
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-
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Massachusetts Health & Education Tax-Exempt Trust
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MHE
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$0.062000
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-
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Taxable Funds:
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Declaration- 11/2/2009 Ex-Date- 11/10/2009 Record-
11/13/2009 Payable- 11/30/2009
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Fund
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Ticker
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Dividend
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Change From
Prior
Dividend
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BlackRock Senior High Income Fund, Inc.
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ARK
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$0.025000
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-
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BlackRock Floating Rate Income Trust*
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BGT
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$0.067500
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-
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BlackRock Strategic Bond Trust
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BHD
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$0.069500
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-
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BlackRock Core Bond Trust
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BHK
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$0.062000
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-
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BlackRock Defined Opportunity Credit Trust
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BHL
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$0.060000
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-
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The BlackRock High Yield Trust
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BHY
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$0.043500
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-
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The BlackRock Income Trust, Inc.
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BKT
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$0.024000
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-
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BlackRock Limited Duration Income Trust
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BLW
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$0.070000
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-
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BlackRock Income Opportunity Trust, Inc.
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BNA
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$0.051000
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-
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BlackRock Preferred Opportunity Trust*
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BPP
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$0.072500
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-
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BlackRock Preferred and Equity Advantage Trust*
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BTZ
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$0.100000
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-
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BlackRock Corporate High Yield Fund, Inc.
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COY
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$0.061000
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-
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BlackRock Corporate High Yield Fund III, Inc.
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CYE
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$0.055000
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-
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BlackRock Debt Strategies Fund, Inc.*
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DSU
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$0.031000
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-
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BlackRock Diversified Income Strategies Fund, Inc.
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DVF
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$0.078500
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-
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BlackRock Floating Rate Income Strategies Fund, Inc.
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FRA
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$0.081500
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-
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BlackRock Floating Rate Income Strategies Fund II, Inc.*
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FRB
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$0.081000
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-
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BlackRock High Income Shares
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HIS
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$0.013200
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-
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BlackRock Corporate High Yield Fund VI, Inc.
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HYT
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$0.087500
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-
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BlackRock Corporate High Yield Fund V, Inc.
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HYV
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$0.087500
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-
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BlackRock Preferred and Corporate Income Strategies Fund, Inc.*
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PSW
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$0.060000
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-
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BlackRock Preferred Income Strategies Fund, Inc.*
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PSY
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$0.075000
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-
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Equity Funds:
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Declaration- 11/2/2009 Ex-Date- 11/10/2009 Record-
11/13/2009 Payable- 11/30/2009
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Fund
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Ticker
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Dividend
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Change From
Prior
Dividend
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BlackRock Global Opportunities Equity Trust*
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BOE
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$0.568750
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-
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BlackRock S&P Quality Rankings Global Equity Managed Trust*
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BQY
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$0.187500
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-
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* 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 as
of the applicable record date a Section 19 notice with the previous
dividend payment. The Section 19 notice was provided not for tax
reporting purposes but for informational purposes only. This information
can be found in the “Closed-End Funds” section of www.blackrock.com.
If applicable, the final determination of the source and tax
characteristics of all distributions in 2009 will be made after the end
of the year.
BlackRock Preferred and Equity Advantage Trust (NYSE: BTZ - News), BlackRock
Global Opportunities Equity Trust (NYSE:BOE - News) and BlackRock S&P Quality
Rankings Global Equity Managed Trust (NYSE AMEX:BQY) (collectively, the
“Trusts”) have adopted a level distribution plan (the “Plan”) 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 Trust’s Board. Under its Plan, each Trust 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 (the “Code”). If sufficient
investment income is not available on a quarterly/monthly basis, the
Trust will distribute long-term capital gains and or return capital to
its shareholders in order to maintain a level distribution.
The Trusts’ estimated sources of the distributions paid as of October
31, 2009 or August 31, 2009, as applicable, and for their current fiscal
year are as follows:
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Estimated Allocations as of October 31, 2009
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Trust
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Distribution
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Net Investment
Income
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Net Realized
Short-Term Gains
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Net Realized
Long-Term Gains
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Return of
Capital
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BTZ1
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$0.100000
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$0.047700 (48%)
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$0.00 (0%)
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$0.00 (0%)
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$0.052300 (52%)
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Estimated Allocations as of August 31, 2009
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Trust
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Distribution
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Net Investment
Income
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Net Realized
Short-Term Gains
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Net Realized
Long-Term Gains
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Return of
Capital
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BQY1
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$0.187500
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$0.075700 (40%)
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$0.00 (0%)
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$0.00 (0%)
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$0.111800 (60%)
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BOE1
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$0.568750
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$0.017480 (3%)
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$0.00 (0%)
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$0.00 (0%)
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$0.551270 (97%)
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Estimated Allocations for the fiscal year through October 31, 2009
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Trust
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Distribution
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Net Investment
Income
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Net Realized
Short-Term Gains
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Net Realized
Long-Term Gains
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Return of
Capital
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BTZ1
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$1.410000
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$0.934700 (66%)
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$0.00 (0%)
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$0.00 (0%)
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$0.475300 (34%)
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Estimated Allocations for the fiscal year through August 31, 2009
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Trust
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Distribution
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Net Investment
Income
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|
Net Realized
Short-Term Gains
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Net Realized
Long-Term Gains
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|
Return of
Capital
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BQY1
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$0.787500
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$0.346800 (44%)
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$0.00 (0%)
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$0.00 (0%)
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$0.440700 (56%)
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BOE1
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$2.275000
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$0.060490 (3%)
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$0.00 (0%)
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$0.00 (0%)
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$2.214510 (97%)
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1 The Trust estimates that it has distributed more than its
income and 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 a Trust's investment
performance and should not be confused with ‘yield’ or ‘income’.
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 the
Trust’s investment experience during the remainder of its fiscal year
and may be subject to changes based on tax regulations. The Trust 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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Trust Performance and Distribution Rate Information:
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Trust
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Average annual total
return (in relation to
NAV) for the
inception
to date ending on
September 30, 2009
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Current fiscal period's
annualized distribution
rate as
a percentage of
NAV as of September
30, 2009
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Cumulative total
return (in relation
to NAV) for the
fiscal
year through
September 30, 2009
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Cumulative fiscal year
distribution rate
expressed as a
percentage
of NAV as
of September 30, 2009
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BTZ
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(10.67)%
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9.66%
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37.37%
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10.55%
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BQY
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4.62% *
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5.53%
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19.22%
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5.81%
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BOE
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5.85%
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11.94%
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23.22%
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11.94%
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* Five year total return (in relation to NAV) as of September 30, 2009.
Shareholders should not draw any conclusions about a Trust’s
investment performance from the amount of the Trust’s current
distributions or from the terms of the Trust’s Plan.
About BlackRock
BlackRock is one of the world’s largest publicly traded investment
management firms. At September 30, 2009, BlackRock’s assets under
management were $1.435 trillion. The firm manages assets on behalf of
institutions and individuals worldwide through a variety of equity and
balanced, fixed income, cash management, alternative investment and
advisory products. In addition, a growing number of institutional
investors use BlackRock Solutions investment system,
risk management and financial advisory services. Headquartered in New
York City, as of September 30, 2009, the firm has approximately 5,000
full-time employees in 21 countries and a major presence in key global
markets, including the United States, Europe, Asia, Australia and the
Middle East. For additional information, please visit the firm’s website
at www.blackrock.com.
Forward-Looking Statements
This press release, and other statements that BlackRock may make, may
contain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act, with respect to 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 each Fund, the following factors, among others, could
cause actual events to differ materially from forward-looking statements
or historical performance: (1) changes in political, economic or
industry conditions, the interest rate environment or financial and
capital markets, which could result in changes in the Fund’s net asset
value; (2) the performance of the Fund’s investments; (3) the impact of
increased competition; (4) the extent and timing of any distributions or
share repurchases; (5) the impact of legislative and regulatory actions
and reforms and regulatory, supervisory or enforcement actions of
government agencies relating to the Fund or BlackRock, as applicable;
and (6) BlackRock’s ability to attract and retain highly talented
professionals.
The Annual and Semi-Annual Reports and other regulatory filings of the
Funds with the 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 our website is not a part of this press release.
