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MYC (Blackrock MuniYield California Fund, Inc.) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC today announced the reorganizations of each of BlackRock MuniYield California Fund, Inc. (NYSE: MYC) and BlackRock MuniYield California Quality Fund, Inc. (NYSE: MCA) with and into BlackRock MuniHoldings California Quality Fund, Inc. (NYSE: MUC and collectively with MYC and MCA, the “Funds,” and each, a “Fund”) is effective as of the opening for business of the New York Stock Exchange on Monday, April 11, 2022. In the Reorganizations, common sh
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC today announced the declaration of a special distribution for BlackRock MuniYield California Fund, Inc. (NYSE: MYC) and BlackRock MuniYield California Quality Fund, Inc. (NYSE: MCA) and an early distribution for BlackRock MuniHoldings California Quality Fund, Inc. (NYSE: MUC and collectively with MYC and MCA, the “Funds,” and each, a “Fund”) in connection with the reorganizations of MYC and MCA into MUC, with MUC continuing (the “Combined Fund”
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC today announced the declaration of a special distribution for BlackRock MuniYield California Fund, Inc. (NYSE: MYC) and BlackRock MuniYield California Quality Fund, Inc. (NYSE: MCA) and an early distribution for BlackRock MuniHoldings California Quality Fund, Inc. (NYSE: MUC and collectively with MYC and MCA, the “Funds,” and each, a “Fund”) in connection with the reorganizations of MYC and MCA into MUC, with MUC continuing (the “Combined Fund”) as the surviving Fund (the “Reorganizations”). With respect to MYC and MCA, the special distribution declared today represents undistributed net investment income earned through the effective date of the Reorganizations. In order to maintain status as a regulated investment company and to avoid the imposition of a corporate level income tax, each of MYC and MCA are required to declare a distribution of all net investment income prior to the consummation of the Reorganizations as described below. Other than the special distribution announced today, MYC and MCA will declare no further distributions prior to or following the Reorganizations. As this special distribution includes all net investment income earned by each Fund in earlier periods and not previously distributed, it is not indicative of the amount of the Combined Fund’s future monthly distributions. MYC and MCA are declaring a special distribution that will be payable on May 2, 2022. The ex-dividend date for the distribution is April 6, 2022 and the record date is April 7, 2022. Accordingly, persons who are holders of record of MYC or MCA common shares on April 7, 2022 should expect to receive the distribution. The distribution payable to shareholders of MYC or MCA will be paid in cash. Common shares of MYC or MCA acquired after April 5, 2022 will not be entitled to the distribution. MUC is declaring early its monthly distribution that will be payable on May 2, 2022. The ex-dividend date for the distribution is April 6, 2022, and the record date is April 7, 2022. Accordingly, persons who are holders of record of MUC common shares on April 7, 2022 should expect to receive the distribution. Common shares of MUC acquired after April 5, 2022 will not be entitled to the distribution. Common shares of MYC or MCA acquired after April 5, 2022 will not be entitled to their respective special distributions and will not be eligible to receive a distribution until an initial distribution is declared on the Combined Fund after the closing of the Reorganizations. We expect that on May 2, 2022 the Combined Fund will declare its first monthly distribution payable on June 1, 2022. It is currently expected that the Reorganizations will be completed by the open of business on the New York Stock Exchange on April 11, 2022, subject to the satisfaction of customary closing conditions. To facilitate the Merger, all shares of MYC and MCA will cease trading on the NYSE as of market close on Friday, April 8, 2022. Each Reorganization, if completed, would occur based on the relative net asset values of the common shares of the applicable Funds. Prior to the Reorganization of MCA and MYC with and into MUC, all of the Variable Rate Demand Preferred Shares of MCA and MYC will be refinanced into Variable Rate Muni Term Preferred Shares (“VMTP Shares”). Holders of the VMTP Shares of MCA and MYC would receive on a one-for-one basis, newly issued VMTP Shares of MUC in an amount equal to the aggregate VMTP Share liquidation preference (including any accumulated and unpaid dividends) held by holders of MCA and MYC VMTP Shares, as applicable, immediately prior to the Reorganizations. Distribution details are as follows: Declaration- 3/18/2022 Ex-Date- 4/6/2022 Record- 4/7/2022 Payable- 5/2/2022 Fund Ticker Per-Share Distribution BlackRock MuniYield California Fund, Inc MYC $0.061300 BlackRock MuniYield California Quality Fund, Inc. MCA $0.056000 BlackRock MuniHoldings California Quality Fund, Inc MUC $0.055000 This communication is not intended to, and shall not, constitute an offer to purchase or sell shares of any of the BlackRock funds, including MUC, the surviving Fund in the Reorganizations. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock Availability of Fund Updates BlackRock will update performance and certain other data for the BlackRock closed-end funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or the Funds may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Funds’ 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 the Funds, 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 the Funds or in the Funds’ net asset value; (2) the relative and absolute investment performance of the Funds 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 the Funds or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics 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 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 BlackRock’s website is not a part of this press release.
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC announced today that, at a joint special meeting of shareholders (the “Meeting”) of BlackRock MuniYield California Quality Fund, Inc. (NYSE: MCA) and BlackRock MuniHoldings California Quality Fund, Inc. (NYSE: MUC), the requisite vote of shareholders of MUC have approved the reorganization of each of MCA and BlackRock MuniYield California Fund, Inc. (NYSE: MYC and collectively with MCA and MUC, the “Funds,” and each, a “Fund”) with and into MUC, with MUC continuing as the surviving Fund, and the transactions contemplated thereby (together, the “Reorganizations”) and the requisite vote of shareholders of MCA has approved the applicable Reorganization. Shareholders of MYC previously approved the applicable Reorganization at a joint special meeting of shareholders. It is currently expected that the Reorganizations will be completed in the beginning of the second quarter of 2022, subject to the satisfaction of customary closing conditions. Each Reorganization, if completed, would occur based on the relative net asset values of the common shares of the applicable Fund. Prior to the Reorganization of MCA and MYC with and into MUC, all of the Variable Rate Demand Preferred Shares of MCA and MYC will be refinanced into Variable Rate Muni Term Preferred Shares (“VMTP Shares”). Holders of the VMTP Shares of MCA and MYC would receive on a one-for-one basis, newly issued VMTP Shares of MUC in an amount equal to the aggregate VMTP Share liquidation preference (including any accumulated and unpaid dividends) held by holders of MCA and MYC VMTP Shares, as applicable, immediately prior to the Reorganizations. This press release is not intended to, and does not, constitute an offer to purchase or sell shares of the Funds. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock Availability of Fund Updates BlackRock will update performance and certain other data for the BlackRock closed-end funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or the Funds may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Funds’ 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 the Funds, 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 the Funds or in the Funds’ net asset value; (2) the relative and absolute investment performance of the Funds 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 the Funds or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics 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 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 BlackRock’s website is not a part of this press release.
NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), and BlackRock Energy and Resources Trust (NYSE: BGR) announced increases to their monthly distribution rate and several municipal Funds announced changes to their monthly distribution rates. Generally, these distribution changes were made in order to better align the applicable Fund’s distribution rate with its current and projected level of earnings. Municipal Funds: Declaration- 3/1/2022 Ex-Date- 3/14/2022 Record- 3/15/2022 Payable- 4/1/2022 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust BYM $0.058000 - BlackRock Long-Term Municipal Advantage Trust BTA $0.054500 - BlackRock Municipal Income Fund, Inc. MUI $0.054000 - BlackRock MuniAssets Fund, Inc. MUA $0.045500 - BlackRock Municipal Income Trust* BFK $0.058500 - BlackRock Investment Quality Municipal Trust, Inc. BKN $0.068000 - BlackRock Municipal Income Trust II BLE $0.052000 (0.010000) BlackRock Municipal 2030 Target Term Trust BTT $0.062400 - BlackRock MuniHoldings Investment Quality Fund MFL $0.048500 - BlackRock MuniHoldings Fund MHD $0.060500 - BlackRock MuniYield Quality Fund II, Inc. MQT $0.054000 - BlackRock MuniYield Quality Fund, Inc.* MQY $0.063000 - BlackRock MuniHoldings Quality Fund II, Inc. MUE $0.052500 - BlackRock MuniVest Fund II, Inc. MVT $0.058500 - BlackRock MuniYield Fund, Inc. MYD $0.051500 (0.002000) BlackRock MuniYield Quality Fund III, Inc. MYI $0.051500 - BlackRock MuniVest Fund, Inc. MVF $0.033500 - State-Specific Funds Ticker Distribution Change From Prior Distribution BlackRock MuniHoldings California Quality Fund, Inc. MUC $0.055000 - BlackRock California Municipal Income Trust BFZ $0.043000 - BlackRock MuniYield California Fund, Inc. MYC $0.046000 - BlackRock MuniYield California Quality Fund, Inc. MCA $0.056000 - BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.056000 - BlackRock MuniHoldings New York Quality Fund, Inc.* MHN $0.054500 - BlackRock MuniYield New York Quality Fund, Inc. MYN $0.051500 - BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.063000 - BlackRock New York Municipal Income Trust* BNY $0.046500 (0.010000) BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.062500 - BlackRock MuniYield Pennsylvania Quality Fund MPA $0.055000 - BlackRock Virginia Municipal Bond Trust BHV $0.045500 - Taxable Municipal Fund: Declaration- 3/1/2022 Ex-Date- 3/14/2022 Record- 3/15/2022 Payable- 3/31/2022 Fund Ticker Distribution Change From Prior Distribution BlackRock Taxable Municipal Bond Trust BBN $0.122900 - Taxable Fixed Income Funds: Declaration- 3/1/2022 Ex-Date- 3/14/2022 Record- 3/15/2022 Payable- 3/31/2022 Fund Ticker Distribution Change From Prior Distribution BlackRock Floating Rate Income Trust BGT $0.064700 - BlackRock Core Bond Trust BHK $0.074600 - BlackRock Multi-Sector Income Trust BIT $0.123700 - BlackRock Income Trust, Inc.* BKT $0.034400 - BlackRock Limited Duration Income Trust BLW $0.098100 - BlackRock Credit Allocation Income Trust BTZ $0.083900 - BlackRock Debt Strategies Fund, Inc. DSU $0.060500 - BlackRock Enhanced Government Fund, Inc.* EGF $0.041000 - BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.066700 - BlackRock Corporate High Yield Fund, Inc. HYT $0.077900 - Equity Funds: Declaration- 3/1/2022 Ex-Date- 3/14/2022 Record- 3/15/2022 Payable- 3/31/2022 Fund Ticker Distribution Change From Prior Distribution BlackRock Resources & Commodities Strategy Trust* BCX $0.045000 0.005000 BlackRock Enhanced Equity Dividend Trust* BDJ $0.056200 0.006200 BlackRock Energy and Resources Trust* BGR $0.044000 0.006500 BlackRock Enhanced International Dividend Trust* BGY $0.033800 - BlackRock Health Sciences Trust* BME $0.213000 - BlackRock Health Sciences Trust II* BMEZ $0.145000 - BlackRock Enhanced Global Dividend Trust* BOE $0.063000 - BlackRock Utilities, Infrastructure & Power Opportunities Trust* BUI $0.121000 - BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.099500 - BlackRock Science and Technology Trust* BST $0.250000 - BlackRock Science and Technology Trust II* BSTZ $0.192000 - BlackRock Innovation and Growth Trust* BIGZ $0.100000 - Multi-Asset Funds: Declaration- 3/1/2022 Ex-Date- 3/14/2022 Record- 3/15/2022 Payable- 3/31/2022 Fund Ticker Distribution Change From Prior Distribution BlackRock Capital Allocation Trust* BCAT $0.104100 - BlackRock ESG Capital Allocation Trust* ECAT $0.100000 - * In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”), each of the Funds noted above posted to the DTC bulletin board and sent to its 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 2022 will be made after the end of the year. BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Trust II (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII), BlackRock Science and Technology Trust (NYSE: BST), BlackRock Science and Technology Trust II (NYSE: BSTZ), BlackRock Innovation and Growth Trust (NYSE: BIGZ), BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) , BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA), BlackRock Floating Rate Income Trust (NYSE:BGT), BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT), BlackRock Credit Allocation Income Trust (NYSE: BTZ), BlackRock Limited Duration Income Trust (NYSE: BLW), BlackRock Core Bond Trust (NYSE:BHK), BlackRock Multi-Sector Income Trust (NYSE:BIT), BlackRock Capital Allocation Trust (NYSE:BCAT), and BlackRock ESG Capital Allocation Trust (NYSE: ECAT) (collectively, the “Plan Funds”) have adopted a managed distribution plan (a “Plan”) 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 of Directors/Trustees. Under its Plan, each Plan Fund will distribute all available investment income to its shareholders, consistent with its 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 monthly basis, each Plan Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution. The Funds’ estimated sources of the distributions paid this month and for their current fiscal year are as follows: Estimated Allocations as of February 28, 2022 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BCX1 $0.040000 $0.000214 (1%) $0 (0%) $0 (0%) $0.039786 (99%) BDJ $0.050000 $0.009076 (18%) $0.029478 (59%) $0.011446 (23%) $0 (0%) BGR1 $0.037500 $0.014875 (40%) $0 (0%) $0 (0%) $0.022625 (60%) BGY1 $0.033800 $0 (0%) $0 (0%) $0 (0%) $0.033800 (100%) BME $0.213000 $0 (0%) $0.111251 (52%) $0.101749 (48%) $0 (0%) BMEZ $0.145000 $0 (0%) $0.145000 (100%) $0 (0%) $0 (0%) BOE1 $0.063000 $0.000433 (1%) $0 (0%) $0.051323 (81%) $0.011244 (18%) BUI1 $0.121000 $0.032707 (27%) $0.056867 (47%) $0.031426 (26%) $0 (0%) CII $0.099500 $0 (0%) $0.039253 (39%) $0.060247 (61%) $0 (0%) BST $0.250000 $0 (0%) $0.122561 (49%) $0.127439 (51%) $0 (0%) BSTZ $0.192000 $0 (0%) $0.192000 (100%) $0 (0%) $0 (0%) BIGZ1 $0.100000 $0 (0%) $0 (0%) $0 (0%) $0.100000 (100%) EGF1 $0.041000 $0.039262 (96%) $0 (0%) $0 (0%) $0.001738 (4%) DSU $0.060500 $0.060500 (100%) $0 (0%) $0 (0%) $0 (0%) FRA $0.066700 $0.066700 (100%) $0 (0%) $0 (0%) $0 (0%) BGT $0.064700 $0.064700 (100%) $0 (0%) $0 (0%) $0 (0%) HYT $0.077900 $0.077900 (100%) $0 (0%) $0 (0%) $0 (0%) BTZ $0.083900 $0.083900 (100%) $0 (0%) $0 (0%) $0 (0%) BLW $0.098100 $0.098100 (100%) $0 (0%) $0 (0%) $0 (0%) BHK $0.074600 $0.074600 (100%) $0 (0%) $0 (0%) $0 (0%) BIT1 $0.123700 $0.123700 (100%) $0 (0%) $0 (0%) $0 (0%) BCAT1 $0.104100 $0.046080 (44%) $0 (0%) $0 (0%) $0.058020 (56%) ECAT1 $0.100000 $0.005692 (5%) $0.025859 (26%) $0.038878 (39%) $0.029571 (30%) Estimated Allocations for the Fiscal Year through February 28, 2022 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BCX1 $0.080000 $0.013011 (16%) $0 (0%) $0 (0%) $0.066989 (84%) BDJ $0.100000 $0.015913 (16%) $0.029478 (29%) $0.054609 (55%) $0 (0%) BGR1 $0.075000 $0.029247 (39%) $0 (0%) $0 (0%) $0.045753 (61%) BGY1 $0.067600 $0 (0%) $0 (0%) $0 (0%) $0.067600 (100%) BME $0.426000 $0 (0%) $0.111251 (26%) $0.314749 (74%) $0 (0%) BMEZ $0.290000 $0 (0%) $0.290000 (100%) $0 (0%) $0 (0%) BOE1 $0.126000 $0.007088 (5%) $0 (0%) $0.051323 (41%) $0.067589 (54%) BUI1 $0.242000 $0.047457 (19%) $0.064597 (27%) $0.129946 (54%) $0 (0%) CII $0.199000 $0 (0%) $0.039253 (20%) $0.159747 (80%) $0 (0%) BST $0.500000 $0 (0%) $0.122561 (25%) $0.377439 (75%) $0 (0%) BSTZ $0.384000 $0 (0%) $0.384000 (100%) $0 (0%) $0 (0%) BIGZ1 $0.200000 $0 (0%) $0 (0%) $0 (0%) $0.200000 (100%) EGF1 $0.041000 $0.039262 (96%) $0 (0%) $0 (0%) $0.001738 (4%) DSU $0.060500 $0.060500 (100%) $0 (0%) $0 (0%) $0 (0%) FRA $0.066700 $0.066700 (100%) $0 (0%) $0 (0%) $0 (0%) BGT $0.064700 $0.064700 (100%) $0 (0%) $0 (0%) $0 (0%) HYT $0.077900 $0.077900 (100%) $0 (0%) $0 (0%) $0 (0%) BTZ $0.083900 $0.083900 (100%) $0 (0%) $0 (0%) $0 (0%) BLW $0.098100 $0.098100 (100%) $0 (0%) $0 (0%) $0 (0%) BHK $0.074600 $0.074600 (100%) $0 (0%) $0 (0%) $0 (0%) BIT1 $0.494800 $0.333818 (67%) $0 (0%) $0 (0%) $0.160982 (33%) BCAT1 $0.208200 $0.085608 (41%) $0 (0%) $0 (0%) $0.122592 (59%) ECAT1 $0.200000 $0.005692 (3%) $0.027891 (14%) $0.038878 (19%) $0.127539 (64%) 1The Fund 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 the Fund's investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share. The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund 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. Fund Performance and Distribution Rate Information: Trust Average annual total return (in relation to NAV) for the 5-year period ending on 1/31/2022 Annualized current distribution rate expressed as a percentage of NAV as of 1/31/2022 Cumulative total return (in relation to NAV) for the fiscal year through 1/31/2022 Cumulative fiscal year distributions as a percentage of NAV as of 1/31/2022 BCX 7.91% 4.52% 4.43% 0.38% BDJ 10.11% 5.84% 0.90% 0.49% BGR 1.34% 3.74% 12.08% 0.31% BGY 7.95% 6.16% (2.85)% 0.51% BME 13.32% 5.78% (7.40)% 0.48% BMEZ* 11.84% 7.74% (14.51)% 0.65% BOE 8.31% 5.84% (2.85)% 0.49% BUI 11.64% 5.95% (5.10)% 0.50% CII 13.59% 5.62% (3.38)% 0.47% BST 25.58% 6.43% (10.45)% 0.54% BSTZ* 28.40% 7.07% (15.54)% 0.59% BIGZ* (27.48)% 8.67% (16.57)% 0.72% EGF 1.57% 3.94% (1.96)% 0.33% DSU 5.74% 6.30% (0.26)% 0.52% FRA 4.89% 5.76% 0.43% 0.48% BGT 4.87% 5.76% 0.37% 0.48% HYT 7.57% 8.09% (3.59)% 0.67% BTZ 6.97% 6.94% (3.97)% 0.58% BLW 6.14% 7.33% (2.37)% 0.61% BHK 6.79% 6.02% (3.94)% 0.50% BIT 7.29% 8.61% (2.02)% 2.15% BCAT* 5.33% 6.25% (3.81)% 0.52% ECAT* (0.97)% 6.13% (4.78)% 0.51% * Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 1/31/2022. Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Fund’s Plan. BKT and BBN have adopted a Plan whereby the Fund will make fixed monthly distributions to common stockholders and will distribute all available net income to its stockholders, consistent with its investment objective and as required by the Code. The fixed amount distributed per share is subject to change at the discretion of BKT and BBN’s Board. If sufficient net income is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain a level distribution. BKT and BBN are currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. BKT and BBN may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year, if required to meet requirements imposed by the Code and/or the 1940 Act. BKT and BBN’s estimated sources of the distributions paid as of February 28th, 2022 and for its current fiscal year are as follows: Estimated Allocations as of February 28, 2022 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BKT $0.034400 $0.034167 (99%) $0 (0%) $0 (0%) $0.000233 (1%) BBN $0.122900 $0.122900 (100%) $0 (0%) $0 (0%) $0 (0%) Estimated Allocations for the Fiscal Year through February 28, 2022 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BKT $0.034400 $0.034167 (99%) $0 (0%) $0 (0%) $0.000233 (1%) BBN $0.122900 $0.122900 (100%) $0 (0%) $0 (0%) $0 (0%) The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon BKT and BBN’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. BKT and BBN will send its stockholders a Form 1099-DIV for the calendar year that will illustrate how to report these distributions for federal income tax purposes. Fund Performance and Distribution Rate Information: Fund Average annual total return (in relation to NAV) for the 5-year period ending on 1/31/2022 Annualized current distribution rate expressed as a percentage of NAV as of 1/31/2022 Cumulative total return (in relation to NAV) for the fiscal year through 1/31/2022 Cumulative fiscal year distributions as a percentage of NAV as 1/31/2022 BKT 2.45% 7.45% (1.95)% 0.62% BBN 7.78% 6.06% (3.68)% 0.50% No conclusions should be drawn about BKT or BBN’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan. The amount distributed per share under a Plan is subject to change at the discretion of the applicable Fund’s Board. Each Plan will be subject to ongoing review by the Board to determine whether the Plan should be continued, modified or terminated. The Board may amend the terms of a Plan or suspend or terminate a Plan at any time without prior notice to the Fund’s shareholders if it deems such actions to be in the best interest of the Fund or its shareholders. The amendment or termination of a Plan could have an adverse effect on the market price of the Fund's shares. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock Availability of Fund Updates BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’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 the Funds, 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 the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund 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 a Fund 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 the Funds with the Securities and Exchange Commission (“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 BlackRock’s website is not a part of this press release.
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC announced today that, at a joint special meeting of shareholders (the “Meeting”) of BlackRock MuniYield California Fund, Inc. (NYSE: MYC), BlackRock MuniYield California Quality Fund, Inc. (NYSE: MCA) and BlackRock MuniHoldings California Quality Fund, Inc. (NYSE: MUC and collectively with MYC and MCA, the “Funds,” and each, a “Fund”), the requisite vote of shareholders of MYC have approved the reorganization of MYC with and into MUC, with MUC continuing as the surviving Fund, and the transactions contemplated thereby (the “MYC Reorganization”). MCA and MUC did not obtain the requisite votes of common shareholders to approve the applicable proposals. Accordingly, the Meeting with respect to the proposals to be voted on by common shareholders of MCA and MUC has been adjourned to March 4, 2022 at 11:00 a.m. (Eastern time) in order to continue to solicit proxies from common shareholders of MCA and MUC. The MYC Reorganization will not be completed unless MUC obtains the requisite vote of common shareholders to approve the applicable proposal. This press release is not intended to, and does not, constitute an offer to purchase or sell shares of the Funds. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock Availability of Fund Updates BlackRock will update performance and certain other data for the BlackRock closed-end funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or the Funds may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Funds’ 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 the Funds, 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 the Funds or in the Funds’ net asset value; (2) the relative and absolute investment performance of the Funds 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 the Funds or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics 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 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 BlackRock’s website is not a part of this press release.
NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 2/1/2022 Ex-Date- 2/14/2022 Record- 2/15/2022 Payable- 3/1/2022 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust BYM $0.058000 - BlackRock Long-Term Municipal Advantage Trust BTA $0.054500 - BlackRock Municipal Income Fund, Inc. MUI $0.054000 - BlackRock MuniAssets Fund, Inc.* MUA $0.045500 - BlackRock Municipal Income Trust* BFK $0.058500 - BlackRock Investment Quality Municipal Trust, Inc. BKN $0.068000 - BlackRock Municipal Income Trust II* BLE $0.062000 - BlackRock Municipal 2030 Target Term Trust BTT $0.062400 - BlackRock MuniHoldings Investment Quality Fund MFL $0.048500 - BlackRock MuniHoldings Fund MHD $0.060500 - BlackRock MuniYield Quality Fund II, Inc. MQT $0.054000 - BlackRock MuniYield Quality Fund, Inc.* MQY $0.063000 - BlackRock MuniHoldings Quality Fund II, Inc. MUE $0.052500 - BlackRock MuniVest Fund II, Inc. MVT $0.058500 - BlackRock MuniYield Fund, Inc.* MYD $0.053500 - BlackRock MuniYield Quality Fund III, Inc. MYI $0.051500 - BlackRock MuniVest Fund, Inc. MVF $0.033500 - State-Specific Funds Ticker Distribution Change From Prior Distribution BlackRock MuniHoldings California Quality Fund, Inc. MUC $0.055000 - BlackRock California Municipal Income Trust BFZ $0.043000 - BlackRock MuniYield California Fund, Inc. MYC $0.046000 - BlackRock MuniYield California Quality Fund, Inc. MCA $0.056000 - BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.056000 - BlackRock MuniHoldings New York Quality Fund, Inc. MHN $0.054500 - BlackRock MuniYield New York Quality Fund, Inc. MYN $0.051500 - BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.063000 - BlackRock New York Municipal Income Trust* BNY $0.056500 - BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.062500 - BlackRock MuniYield Pennsylvania Quality Fund MPA $0.055000 - BlackRock Virginia Municipal Bond Trust* BHV $0.045500 - Taxable Municipal Fund: Declaration- 2/1/2022 Ex-Date- 2/14/2022 Record- 2/15/2022 Payable- 2/28/2022 Fund Ticker Distribution Change From Prior Distribution BlackRock Taxable Municipal Bond Trust* BBN $0.122900 - Taxable Fixed Income Funds: Declaration- 2/1/2022 Ex-Date- 2/14/2022 Record- 2/15/2022 Payable- 2/28/2022 Fund Ticker Distribution Change From Prior Distribution BlackRock Floating Rate Income Trust* BGT $0.064700 - BlackRock Core Bond Trust* BHK $0.074600 - BlackRock Multi-Sector Income Trust* BIT $0.123700 - BlackRock Income Trust, Inc.* BKT $0.034400 - BlackRock Limited Duration Income Trust* BLW $0.098100 - BlackRock Credit Allocation Income Trust* BTZ $0.083900 - BlackRock Debt Strategies Fund, Inc.* DSU $0.060500 - BlackRock Enhanced Government Fund, Inc.* EGF $0.041000 - BlackRock Floating Rate Income Strategies Fund, Inc.* FRA $0.066700 - BlackRock Corporate High Yield Fund, Inc.* HYT $0.077900 - Equity Funds: Declaration- 2/1/2022 Ex-Date- 2/14/2022 Record- 2/15/2022 Payable- 2/28/2022 Fund Ticker Distribution Change From Prior Distribution BlackRock Resources & Commodities Strategy Trust* BCX $0.040000 - BlackRock Enhanced Equity Dividend Trust* BDJ $0.050000 - BlackRock Energy and Resources Trust* BGR $0.037500 - BlackRock Enhanced International Dividend Trust* BGY $0.033800 - BlackRock Health Sciences Trust* BME $0.213000 - BlackRock Health Sciences Trust II* BMEZ $0.145000 - BlackRock Enhanced Global Dividend Trust* BOE $0.063000 - BlackRock Utilities, Infrastructure & Power Opportunities Trust* BUI $0.121000 - BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.099500 - BlackRock Science and Technology Trust* BST $0.250000 - BlackRock Science and Technology Trust II* BSTZ $0.192000 - BlackRock Innovation and Growth Trust* BIGZ $0.100000 - Multi-Asset Funds: Declaration- 2/1/2022 Ex-Date- 2/14/2022 Record- 2/15/2022 Payable- 2/28/2022 Fund Ticker Distribution Change From Prior Distribution BlackRock Capital Allocation Trust* BCAT $0.104100 - BlackRock ESG Capital Allocation Trust* ECAT $0.100000 - * In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”), each of the Funds noted above posted to the DTC bulletin board and sent to its 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 2022 will be made after the end of the year. BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Trust II (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII), BlackRock Science and Technology Trust (NYSE: BST), BlackRock Science and Technology Trust II (NYSE: BSTZ), BlackRock Innovation and Growth Trust (NYSE: BIGZ), BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) , BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA), BlackRock Floating Rate Income Trust (NYSE:BGT), BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT), BlackRock Credit Allocation Income Trust (NYSE: BTZ), BlackRock Limited Duration Income Trust (NYSE: BLW), BlackRock Core Bond Trust (NYSE:BHK), BlackRock Multi-Sector Income Trust (NYSE:BIT), BlackRock Capital Allocation Trust (NYSE:BCAT), and BlackRock ESG Capital Allocation Trust (NYSE: ECAT) (collectively, the “Plan Funds”) have adopted a managed distribution plan (a “Plan”) 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 of Directors/Trustees. Under its Plan, each Plan Fund will distribute all available investment income to its shareholders, consistent with its 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 monthly basis, each Plan Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution. The Funds’ estimated sources of the distributions paid this month and for their current fiscal year are as follows: Estimated Allocations as of January 11, 2022 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital EGF1 $0.041000 $0.011973 (29%) $0 (0%) $0 (0%) $0.029027 (71%) DSU1 $0.060500 $0.028019 (46%) $0 (0%) $0 (0%) $0.032481 (54%) FRA1 $0.066700 $0.031133 (47%) $0 (0%) $0 (0%) $0.035567 (53%) BGT1 $0.064700 $0.031189 (48%) $0 (0%) $0 (0%) $0.033511 (52%) HYT1 $0.077900 $0.032642 (42%) $0 (0%) $0 (0%) $0.045258 (58%) BTZ1 $0.083900 $0.035675 (43%) $0 (0%) $0 (0%) $0.048225 (57%) BLW1 $0.098100 $0.044824 (46%) $0 (0%) $0 (0%) $0.053276 (54%) BHK $0.229600 $0.041191 (18%) $0.095795 (42%) $0.092614 (40%) $0 (0%) BIT1 $0.123700 $0.052844 (43%) $0 (0%) $0 (0%) $0.070856 (57%) Estimated Allocations as of January 31, 2022 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BCX1 $0.040000 $0.012797 (32%) $0 (0%) $0 (0%) $0.027203 (68%) BDJ $0.050000 $0.006837 (14%) $0 (0%) $0.043163 (86%) $0 (0%) BGR1 $0.037500 $0.014372 (38%) $0 (0%) $0 (0%) $0.023128 (62%) BGY1 $0.033800 $0 (0%) $0 (0%) $0 (0%) $0.033800 (100%) BME $0.213000 $0 (0%) $0 (0%) $0.213000 (100%) $0 (0%) BMEZ $0.145000 $0 (0%) $0.145000 (100%) $0 (0%) $0 (0%) BOE1 $0.063000 $0.007432 (12%) $0 (0%) $0 (0%) $0.055568 (88%) BUI1 $0.121000 $0.014948 (12%) $0.007730 (6%) $0 (0%) $0.098322 (82%) CII $0.099500 $0.001206 (1%) $0 (0%) $0.098294 (99%) $0 (0%) BST $0.250000 $0 (0%) $0 (0%) $0.250000 (100%) $0 (0%) BSTZ $0.192000 $0 (0%) $0.192000 (100%) $0 (0%) $0 (0%) BIGZ1 $0.100000 $0 (0%) $0 (0%) $0 (0%) $0.100000 (100%) BCAT1 $0.104100 $0 (0%) $0.014454 (14%) $0.017546 (17%) $0.072100 (69%) ECAT1 $0.100000 $0 (0%) $0.002032 (2%) $0 (0%) $0.097968 (98%) Estimated Allocations for the Fiscal Year through December 31, 2021 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital EGF1 $0.492000 $0.306591 (62%) $0 (0%) $0 (0%) $0.185409 (38%) DSU1 $0.726000 $0.614086 (85%) $0 (0%) $0 (0%) $0.111914 (15%) FRA1 $0.800400 $0.664686 (83%) $0 (0%) $0 (0%) $0.135714 (17%) BGT1 $0.776400 $0.651450 (84%) $0 (0%) $0 (0%) $0.124950 (16%) HYT1 $0.934800 $0.754032 (81%) $0 (0%) $0 (0%) $0.180768 (19%) BTZ1 $1.006800 $0.865057 (86%) $0 (0%) $0 (0%) $0.141743 (14%) BLW1 $1.177200 $1.003680 (85%) $0 (0%) $0 (0%) $0.173520 (15%) BHK $1.050200 $0.861791 (82%) $0.095795 (9%) $0.092614 (9%) $0 (0%) BIT1 $0.371100 $0.209295 (56%) $0 (0%) $0 (0%) $0.161805 (44%) Estimated Allocations for the Fiscal Year through January 31, 2022 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BCX1 $0.040000 $0.012797 (32%) $0 (0%) $0 (0%) $0.027203 (68%) BDJ $0.050000 $0.006837 (14%) $0 (0%) $0.043163 (86%) $0 (0%) BGR1 $0.037500 $0.014372 (38%) $0 (0%) $0 (0%) $0.023128 (62%) BGY1 $0.033800 $0 (0%) $0 (0%) $0 (0%) $0.033800 (100%) BME $0.213000 $0 (0%) $0 (0%) $0.213000 (100%) $0 (0%) BMEZ $0.145000 $0 (0%) $0.145000 (100%) $0 (0%) $0 (0%) BOE1 $0.063000 $0.007432 (12%) $0 (0%) $0 (0%) $0.055568 (88%) BUI1 $0.121000 $0.014948 (12%) $0.007730 (6%) $0 (0%) $0.098322 (82%) CII $0.099500 $0.001206 (1%) $0 (0%) $0.098294 (99%) $0 (0%) BST $0.250000 $0 (0%) $0 (0%) $0.250000 (100%) $0 (0%) BSTZ $0.192000 $0 (0%) $0.192000 (100%) $0 (0%) $0 (0%) BIGZ1 $0.100000 $0 (0%) $0 (0%) $0 (0%) $0.100000 (100%) BCAT1 $0.104100 $0 (0%) $0.014454 (14%) $0.017546 (17%) $0.072100 (69%) ECAT1 $0.100000 $0 (0%) $0.002032 (2%) $0 (0%) $0.097968 (98%) 1The Fund 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 the Fund's investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share. The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund 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. Fund Performance and Distribution Rate Information: Trust Average annual total return (in relation to NAV) for the 5-year period ending on 12/31/2021 Annualized current distribution rate expressed as a percentage of NAV as of 12/31/2021 Cumulative total return (in relation to NAV) for the fiscal year through 12/31/2021 Cumulative fiscal year distributions as a percentage of NAV as of 12/31/2021 BCX 8.05% 4.70% 27.20% 0.39% BDJ 9.99% 5.87% 19.33% 0.49% BGR (1.27)% 4.18% 38.36% 0.35% BGY 9.27% 5.96% 11.92% 0.50% BME 15.81% 5.33% 10.66% 0.44% BMEZ* 21.94% 6.57% (8.31)% 0.55% BOE 9.64% 5.64% 16.21% 0.47% BUI 13.31% 5.62% 15.09% 0.47% CII 14.87% 5.40% 21.97% 0.45% BST 30.04% 5.73% 9.21% 0.48% BSTZ* 38.49% 5.94% 8.41% 0.49% BIGZ* (13.08)% 7.18% (13.08)% 0.60% EGF 2.07% 3.86% (0.67)% 3.54% DSU 6.08% 6.28% 6.67% 5.76% FRA 4.93% 5.78% 6.40% 5.30% BGT 4.91% 5.78% 6.43% 5.30% HYT 8.74% 7.80% 8.33% 7.15% BTZ 8.13% 6.66% 2.80% 6.11% BLW 6.93% 7.16% 4.18% 6.56% BHK 7.88% 17.81% 0.50% 5.30% BIT 8.17% 8.41% 0.20% 1.40% BCAT* 9.02% 5.98% 5.39% 0.50% ECAT* 4.00% 5.80% 4.00% 0.48% * Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 12/31/2021. Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Fund’s Plan. BKT and BBN have adopted a Plan whereby the Fund will make fixed monthly distributions to common stockholders and will distribute all available net income to its stockholders, consistent with its investment objective and as required by the Code. The fixed amount distributed per share is subject to change at the discretion of BKT and BBN’s Board. If sufficient net income is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain a level distribution. BKT and BBN are currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. BKT and BBN may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year, if required to meet requirements imposed by the Code and/or the 1940 Act. BKT and BBN’s estimated sources of the distributions paid as of January 11th 2022 and for its current fiscal year are as follows: Estimated Allocations as of January 11, 2022 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BKT $0.034400 $0.012318 (36%) $0 (0%) $0 (0%) $0.022082 (64%) BBN $0.122900 $0.056433 (46%) $0 (0%) $0 (0%) $0.066467 (54%) Estimated Allocations for the Fiscal Year through December 31, 2021 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BKT $0.412800 $0.297632 (72%) $0 (0%) $0 (0%) $0.115168 (28%) BBN $0.725600 $0.594632 (82%) $0 (0%) $0 (0%) $0.130968(18%) The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon BKT and BBN’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. BKT and BBN will send its stockholders a Form 1099-DIV for the calendar year that will illustrate how to report these distributions for federal income tax purposes. Fund Performance and Distribution Rate Information: Fund Average annual total return (in relation to NAV) for the 5-year period ending on 12/31/2021 Annualized current distribution rate expressed as a percentage of NAV as of 12/31/2021 Cumulative total return (in relation to NAV) for the fiscal year through 12/31/2021 Cumulative fiscal year distributions as a percentage of NAV as 12/31/2021 BKT 2.88% 7.31% (2.01)% 6.70% BBN 8.78% 5.83% 5.73% 2.38% No conclusions should be drawn about BKT or BBN’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan. The amount distributed per share under a Plan is subject to change at the discretion of the applicable Fund’s Board. Each Plan will be subject to ongoing review by the Board to determine whether the Plan should be continued, modified or terminated. The Board may amend the terms of a Plan or suspend or terminate a Plan at any time without prior notice to the Fund’s shareholders if it deems such actions to be in the best interest of the Fund or its shareholders. The amendment or termination of a Plan could have an adverse effect on the market price of the Fund's shares. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock Availability of Fund Updates BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’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 the Funds, 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 the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund 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 a Fund 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 the Funds with the Securities and Exchange Commission (“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 BlackRock’s website is not a part of this press release.
NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 1/3/2022 Ex-Date- 1/13/2022 Record- 1/14/2022 Payable- 2/1/2022 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust BYM $0.058000 - BlackRock Long-Term Municipal Advantage Trust BTA $0.054500 - BlackRock Municipal Income Fund, Inc. MUI $0.054000 - BlackRock MuniAssets Fund, Inc.* MUA $0.045500 - BlackRock Municipal Income Trust BFK $0.058500 - BlackRock Investment Quality Municipal Trust, Inc. BKN $0.068000 - BlackRock Municipal Income Trust II* BLE $0.062000 - BlackRock Municipal 2030 Target Term Trust BTT $0.062400 - BlackRock MuniHoldings Investment Quality Fund MFL $0.048500 - BlackRock MuniHoldings Fund* MHD $0.060500 - BlackRock MuniYield Quality Fund II, Inc. MQT $0.054000 - BlackRock MuniYield Quality Fund, Inc. MQY $0.063000 - BlackRock MuniHoldings Quality Fund II, Inc. MUE $0.052500 - BlackRock MuniVest Fund II, Inc. MVT $0.058500 - BlackRock MuniYield Fund, Inc. MYD $0.053500 - BlackRock MuniYield Quality Fund III, Inc. MYI $0.051500 - BlackRock MuniVest Fund, Inc. MVF $0.033500 - State-Specific Funds Ticker Distribution Change From Prior Distribution BlackRock MuniHoldings California Quality Fund, Inc. MUC $0.055000 - BlackRock California Municipal Income Trust* BFZ $0.043000 - BlackRock MuniYield California Fund, Inc.* MYC $0.046000 - BlackRock MuniYield California Quality Fund, Inc. MCA $0.056000 - BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.056000 - BlackRock MuniHoldings New York Quality Fund, Inc. MHN $0.054500 - BlackRock MuniYield New York Quality Fund, Inc. MYN $0.051500 - BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.063000 - BlackRock New York Municipal Income Trust* BNY $0.056500 - BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.062500 - BlackRock MuniYield Pennsylvania Quality Fund MPA $0.055000 - BlackRock Virginia Municipal Bond Trust BHV $0.045500 - Equity Funds: Declaration- 1/3/2022 Ex-Date- 1/13/2022 Record- 1/14/2022 Payable- 1/31/2022 Fund Ticker Distribution Change From Prior Distribution BlackRock Resources & Commodities Strategy Trust* BCX $0.040000 - BlackRock Enhanced Equity Dividend Trust* BDJ $0.050000 - BlackRock Energy and Resources Trust BGR $0.037500 - BlackRock Enhanced International Dividend Trust* BGY $0.033800 - BlackRock Health Sciences Trust* BME $0.213000 - BlackRock Health Sciences Trust II* BMEZ $0.145000 - BlackRock Enhanced Global Dividend Trust* BOE $0.063000 - BlackRock Utilities, Infrastructure & Power Opportunities Trust* BUI $0.121000 - BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.099500 - BlackRock Science and Technology Trust* BST $0.250000 - BlackRock Science and Technology Trust II* BSTZ $0.192000 - BlackRock Innovation and Growth Trust* BIGZ $0.100000 - Multi-Asset Funds: Declaration- 1/3/2022 Ex-Date- 1/13/2022 Record- 1/14/2022 Payable- 1/31/2022 Fund Ticker Distribution Change From Prior Distribution BlackRock Capital Allocation Trust* BCAT $0.104100 - BlackRock ESG Capital Allocation Trust* ECAT $0.100000 - * In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”), each of the Funds noted above posted to the DTC bulletin board and sent to its 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 2021 will be made after the end of the year. BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Trust II (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII), BlackRock Science and Technology Trust (NYSE: BST), BlackRock Science and Technology Trust II (NYSE: BSTZ), BlackRock Innovation, Growth Trust (NYSE: BIGZ) , and BlackRock Capital Allocation Trust (NYSE: BCAT), and BlackRock ESG Capital Allocation Trust (NYSE: ECAT) (collectively, the “Plan Funds”) have adopted a managed distribution plan (a “Plan”) 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 of Directors/Trustees. Under its Plan, each Plan Fund will distribute all available investment income to its shareholders, consistent with its 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 monthly basis, each Plan Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution. The Funds’ estimated sources of the distributions paid this month and for their current fiscal year are as follows: Estimated Allocations as of December 31, 2021 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BCX1 $0.040000 $0.015017 (38%) $0 (0%) $0 (0%) $0.024983 (62%) BDJ $0.318820 $0.008978 (3%) $0 (0%) $0.309842 (97%) $0 (0%) BGR1 $0.037500 $0.037500 (100%) $0 (0%) $0 (0%) $0 (0%) BGY1 $0.033800 $0.002340 (7%) $0 (0%) $0 (0%) $0.031460 (93%) BME $0.213000 $0.012887 (6%) $0 (0%) $0.200113 (94%) $0 (0%) BMEZ $0.207130 $0 (0%) $0.033351 (16%) $0.173779 (84%) $0 (0%) BOE1 $0.063000 $0.007221 (11%) $0 (0%) $0.055779 (89%) $0 (0%) BUI1 $0.121000 $0.024397 (20%) $0 (0%) $0 (0%) $0.096603 (80%) CII $0.099500 $0.002331 (2%) $0 (0%) $0.097169 (98%) $0 (0%) BST $1.808440 $0 (0%) $0 (0%) $1.808440 (100%) $0 (0%) BSTZ $1.271680 $0 (0%) $0 (0%) $1.271680 (100%) $0 (0%) BIGZ1 $0.100000 $0 (0%) $0 (0%) $0 (0%) $0.100000 (100%) BCAT1 $0.104100 $0.072986 (70%) $0 (0%) $0 (0%) $0.031114 (30%) ECAT $0.100000 $0.022234 (22%) $0.077766 (78%) $0 (0%) $0 (0%) Estimated Allocations for the Fiscal Year through December 31, 2021 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BCX1 $0.480000 $0.290645 (61%) $0 (0%) $0 (0%) $0.189355 (39%) BDJ $0.868820 $0.285498 (33%) $0 (0%) $0.583322 (67%) $0 (0%) BGR1 $0.450000 $0.281567 (63%) $0 (0%) $0 (0%) $0.168433 (37%) BGY1 $0.405600 $0.138751 (34%) $0 (0%) $0.122547 (30%) $0.144302 (36%) BME $2.439000 $0.013460 (1%) $0 (0%) $2.425540 (99%) $0 (0%) BMEZ $1.712130 $0 (0%) $1.436427 (84%) $0.275703 (16%) $0 (0%) BOE1 $0.756000 $0.195369 (26%) $0 (0%) $0.438656 (58%) $0.121975 (16%) BUI1 $1.452000 $0.224593 (15%) $0 (0%) $0.515860 (36%) $0.711547 (49%) CII $1.102500 $0.050072 (5%) $0 (0%) $1.052428 (95%) $0 (0%) BST $4.264440 $0 (0%) $0 (0%) $4.264440 (100%) $0 (0%) BSTZ $3.082680 $0 (0%) $0 (0%) $3.082680 (100%) $0 (0%) BIGZ1 $0.700000 $0 (0%) $0 (0%) $0 (0%) $0.700000 (100%) BCAT1 $1.249200 $0.477207 (38%) $0.107154 (9%) $0.019694 (2%) $0.645145 (51%) ECAT $0.100000 $0.022234 (22%) $0.077766 (78%) $0 (0%) $0 (0%) 1The Fund 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 the Fund's investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share. The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund 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. Fund Performance and Distribution Rate Information: Trust Average annual total return (in relation to NAV) for the 5-year period ending on 11/30/2021 Annualized current distribution rate expressed as a percentage of NAV as of 11/30/2021 Cumulative total return (in relation to NAV) for the fiscal year through 11/30/2021 Cumulative fiscal year distributions as a percentage of NAV as of 11/30/2021 BCX 7.35% 4.97% 19.85% 4.55% BDJ 9.29% 38.18% 13.34% 5.49% BGR (1.52)% 4.33% 33.11% 3.97% BGY 8.35% 6.25% 6.10% 5.73% BME 14.33% 5.65% 3.85% 4.92% BMEZ* 21.29% 9.56% (10.72)% 5.79% BOE 8.75% 5.91% 10.36% 5.42% BUI 13.21% 5.83% 10.30% 5.35% CII 14.22% 5.63% 16.43% 4.73% BST 30.59% 39.19% 11.33% 4.44% BSTZ* 42.02% 36.81% 12.11% 4.37% BIGZ* (8.98)% 6.81% (8.98)% 3.41% BCAT* 7.73% 6.08% 3.17% 5.57% ECAT* 2.00% 5.88% 2.00% 0.49% * Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 11/30/2021. Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Fund’s Plan. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock Availability of Fund Updates BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’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 the Funds, 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 the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund 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 a Fund 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 the Funds with the Securities and Exchange Commission (“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 BlackRock’s website is not a part of this press release.
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