Market Overview

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

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Certain BlackRock closed-end funds (the "Funds") announced distributions
today as detailed below.

                 

Municipal Funds:

 
Declaration- 9/4/2018 Ex-Date- 9/13/2018 Record- 9/14/2018 Payable- 10/1/2018
 

National Funds

 

Ticker

 

Distribution

 

Change From
Prior

Distribution

BlackRock Municipal Income Quality Trust BYM $0.052000 -
BlackRock Municipal Income Investment Quality Trust BAF $0.058500 -
BlackRock Long-Term Municipal Advantage Trust BTA $0.054500 -
BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.044500 -
BlackRock Municipal Income Investment Trust BBF $0.060500 -
BlackRock MuniAssets Fund, Inc. MUA $0.054500 -
BlackRock Municipal Bond Trust BBK $0.063500 -
BlackRock Municipal Income Trust BFK $0.058500 -
BlackRock Municipal Income Trust II BLE $0.058000 -
BlackRock Investment Quality Municipal Trust, Inc. BKN $0.057000 -
BlackRock Municipal 2030 Target Term Trust BTT $0.062400 -
The BlackRock Strategic Municipal Trust BSD $0.057000 -
BlackRock MuniEnhanced Fund, Inc. MEN $0.048000 -
BlackRock MuniHoldings Investment Quality Fund MFL $0.056500 -
BlackRock MuniYield Investment Quality Fund MFT $0.059000 -
BlackRock MuniHoldings Fund, Inc. MHD $0.070000 -
BlackRock MuniYield Quality Fund II, Inc. MQT $0.048000 -
BlackRock MuniYield Quality Fund, Inc. MQY $0.056000 -
BlackRock MuniHoldings Quality Fund II, Inc. MUE $0.054000 -
BlackRock MuniHoldings Fund II, Inc. MUH $0.061500 -
BlackRock MuniHoldings Quality Fund, Inc. MUS $0.050500 -
BlackRock MuniVest Fund II, Inc. MVT $0.063500 -
BlackRock MuniYield Fund, Inc. MYD $0.061000 -
BlackRock MuniYield Investment Fund MYF $0.069500 -
BlackRock MuniYield Quality Fund III, Inc. MYI $0.050500 -
BlackRock MuniVest Fund, Inc. MVF $0.041000 -
BlackRock Municipal 2018 Term Trust BPK $0.005000 -
BlackRock Municipal 2020 Term Trust BKK $0.031800 -
 

State-Specific Funds

Ticker

Distribution

Change From
Prior

Distribution

 

 

BlackRock MuniHoldings California Quality Fund, Inc.

 

 

MUC

 

 

$0.047500

 

 

-

BlackRock California Municipal Income Trust* BFZ $0.047000 -
BlackRock MuniYield California Fund, Inc. MYC $0.052000 -
BlackRock MuniYield California Quality Fund, Inc. MCA $0.052000 -
BlackRock California Municipal 2018 Trust BJZ $0.002500 -
BlackRock Florida Municipal 2020 Term Trust BFO $0.026000 -
BlackRock Maryland Municipal Bond Trust BZM $0.047400 -
BlackRock MuniYield Michigan Quality Fund, Inc. MIY $0.052000 -
BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.040000 -
BlackRock MuniHoldings New York Quality Fund, Inc. MHN $0.044500 -
BlackRock MuniYield New York Quality Fund, Inc. MYN $0.042500 -
BlackRock New York Municipal Income Quality Trust BSE $0.040500 -
BlackRock New York Municipal Bond Trust BQH $0.046000 -
BlackRock New York Municipal Income Trust BNY $0.044500 -
BlackRock New York Municipal Income Trust II BFY $0.049000 -
BlackRock New York Municipal 2018 Trust BLH $0.002500 -
BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.052500 -
BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.060500 -
BlackRock MuniYield Pennsylvania Quality Fund MPA $0.055500 -
BlackRock MuniYield Arizona Fund, Inc. MZA $0.052000 -
BlackRock Virginia Municipal Bond Trust BHV $0.063000 -
BlackRock Massachusetts Tax-Exempt Trust MHE $0.044000 -
 

Taxable Municipal Fund:

                 
Declaration- 9/4/2018 Ex-Date- 9/13/2018 Record-9/14/2018 Payable- 9/28/2018
 

Fund

 

Ticker

 

Distribution

 

Change From
Prior

Distribution

BlackRock Taxable Municipal Bond Trust BBN $0.118800 -
 

Taxable Funds:

                 
Declaration- 9/4/2018 Ex-Date- 9/13/2018 Record-9/14/2018 Payable- 9/28/2018
 

Fund

 

Ticker

 

Distribution

 

Change From
Prior
Distribution

BlackRock Floating Rate Income Trust BGT $0.061800 -
BlackRock Core Bond Trust BHK $0.065000 -
BlackRock Multi-Sector Income Trust* BIT $0.116700 -
BlackRock Income Trust, Inc.* BKT $0.034400 -
BlackRock Limited Duration Income Trust BLW $0.079500 -
BlackRock Credit Allocation Income Trust BTZ $0.067000 -
BlackRock Debt Strategies Fund, Inc.* DSU $0.068500 -
BlackRock Enhanced Government Fund, Inc.* EGF $0.041000 -
BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.064500 -
BlackRock Corporate High Yield Fund, Inc. HYT $0.072000 -
BlackRock 2022 Global Income Opportunity Trust BGIO $0.050000 -
 

Equity Funds:

                 
Declaration- 9/4/2018 Ex-Date- 9/13/2018 Record-9/14/2018 Payable- 9/28/2018
 

Fund

 

Ticker

 

Distribution

 

Change From
Prior
Distribution

BlackRock Resources & Commodities Strategy Trust* BCX $0.051600 -
BlackRock Enhanced Equity Dividend Trust* BDJ $0.046700 -
BlackRock Energy and Resources Trust* BGR $0.077600 -
BlackRock Enhanced International Dividend Trust* BGY $0.038000 -
BlackRock Health Sciences Trust* BME $0.200000 -
BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.082800 -
BlackRock Enhanced Global Dividend Trust* BOE $0.063000 -
BlackRock Utilities, Infrastructure & Power Opportunities Trust* BUI $0.121000 -
BlackRock Science and Technology Trust* BST $0.150000 -
 

* 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 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 2018 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
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), and BlackRock Enhanced Government Fund,
Inc. (NYSE:EGF) (collectively, the "Plan Funds") have adopted a managed
distribution plan (a "Plan") and employ an option over-write policy to
support a level distribution of income, capital gains and/or return of
capital. The fixed amounts distributed per share are subject to
change at the discretion of each Plan Fund's Board 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. 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 Plan Funds' estimated sources of the distributions paid as of August
31, 2018 and for their current fiscal year are as follows:

Estimated Allocations as of August 31, 2018
Fund   Distribution  

Net Investment
Income

 

Net Realized
Short-Term Gains

 

Net Realized
Long-Term Gains

  Return of Capital
BCX1   $0.051600   $0.047686 (92%)   $0 (0%)   $0 (0%)   $0.003914 (8%)
BDJ   $0.046700   $0.015632 (33%)   $0 (0%)   $0.031068 (67%)   $0 (0%)
BGR1   $0.077600   $0.047159 (61%)   $0 (0%)   $0 (0%)   $0.030441 (39%)
BGY   $0.038000   $0.009405 (25%)   $0 (0%)   $0.028595 (75%)   $0 (0%)
BME1   $0.200000   $0 (0%)   $0 (0%)   $0.193276 (97%)   $0.006724 (3%)
BOE1   $0.063000   $0.018280 (29%)   $0 (0%)   $0 (0%)   $0.044720 (71%)
BUI1   $0.121000   $0.048624 (40%)   $0 (0%)   $0 (0%)   $0.072376 (60%)
CII1   $0.082800   $0.015334 (19%)   $0 (0%)   $0 (0%)   $0.067466 (81%)
BST   $0.150000   $0 (0%)   $0 (0%)   $0.150000 (100%)   $0 (0%)
EGF1   $0.041000   $0.020109 (49%)   $0 (0%)   $0 (0%)   $0.020891 (51%)
 
Estimated Allocations for the Fiscal Year through August 31, 2018
Fund   Distribution  

Net Investment
Income

 

Net Realized
Short-Term Gains

 

Net Realized
Long-Term Gains

  Return of Capital
BCX1   $0.412800   $0.154592 (37%)   $0 (0%)   $0 (0%)   $0.258208 (63%)
BDJ   $0.373600   $0.120696 (32%)   $0 (0%)   $0.252904 (68%)   $0 (0%)
BGR1   $0.620800   $0.176654 (28%)   $0 (0%)   $0 (0%)   $0.444146 (72%)
BGY   $0.304000   $0.133875 (44%)   $0 (0%)   $0.170125 (56%)   $0 (0%)
BME1   $1.600000   $0.054347 (3%)   $0 (0%)   $1.065758 (67%)   $0.479895 (30%)
BOE1   $0.594000   $0.223062 (38%)   $0.005339 (1%)   $0 (0%)   $0.365599 (61%)
BUI1   $0.968000   $0.348847 (36%)   $0 (0%)   $0 (0%)   $0.619153 (64%)
CII1   $0.662400   $0.101813 (15%)   $0 (0%)   $0 (0%)   $0.560587 (85%)
BST   $1.080000   $0 (0%)   $0 (0%)   $1.080000 (100%)   $0 (0%)
EGF1   $0.287000   $0.170772 (60%)   $0 (0%)   $0 (0%)   $0.116228 (40%)
       

1The Plan 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 Plan Fund's
investment performance and should not be confused with ‘yield' or
‘income'. When distributions exceed total return performance, the
difference will reduce the Plan Fund's net asset value per share.

The amounts and sources of distributions reported are only estimates
and are not provided for tax reporting purposes. The actual amounts and
sources of the amounts for tax reporting purposes will depend upon each
Plan
Fund's investment experience during the remainder of its
fiscal year and may be subject to changes based on tax regulations. Each
Plan 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:
Fund   Average annual total return (in relation to NAV) for the 5-year
period ending on 7/31/2018
  Annualized current distribution rate expressed as a percentage of
NAV as of 7/31/2018
  Cumulative total return (in relation to NAV) for the fiscal year
through 7/31/2018
  Cumulative fiscal year distributions as a percentage of NAV as of
7/31/2018
BCX   3.22%   6.22%   1.12%   3.63%
BDJ   9.85%   5.67%   3.66%   3.31%
BGR   (1.20)%   5.99%   6.14%   3.50%
BGY   3.16%   7.15%   (2.77)%   4.17%
BME   14.05%   6.29%   10.02%   3.67%
BOE   5.47%   6.25%   (2.42)%   4.39%
BUI   8.13%   7.25%   0.87%   4.23%
CII   12.09%   5.61%   6.11%   3.27%
BST*   20.99%   5.64%   15.45%   2.92%
EGF   1.70%   3.61%   (0.58)%   2.11%

*Portfolio launched within the past 5 years; the performance and
distribution rate information presented for this Fund reflects data from
inception to 7/31/2018.

Shareholders should not draw any conclusions about a Plan Fund's
investment performance from the amount of the Plan Fund's current
distributions or from the terms of a Plan Fund's Plan.

BlackRock Income Trust, Inc. (NYSE:BKT) effective August 2018 has
adopted a Plan whereby the Fund will make fixed monthly distributions to
common stockholders and will distribute all available investment income
to its stockholders, consistent with its investment objective and as
required by the Internal Revenue Code of 1986, as amended. If sufficient
investment income is not available on a monthly basis, the Fund will
distribute long-term capital gains and/or return capital to its
stockholders in order to maintain its managed distribution level. The
Fund is currently not relying on any exemptive relief from Section 19(b)
of the Investment Company Act of 1940, as amended. The Fund expects that
distributions under the Plan will exceed investment income and capital
gain and thus expects that such distributions will likely include return
of capital for the foreseeable future. No conclusions should be drawn
about the Fund's investment performance from the amount of the Fund's
distributions or from the terms of the Fund's Plan.

BKT's estimated sources of the distributions paid as of August 31, 2018
and for its current fiscal year is as follows:

Estimated Allocations as of August 31, 2018
Fund   Distribution  

Net Investment
Income

 

Net Realized
Short-Term Gains

 

Net Realized
Long-Term Gains

  Return of Capital
BKT   $0.034400   $0.029649 (86%)   $0 (0%)   $0 (0%)   $0.004751 (14%)
 
Estimated Allocations for the Fiscal Year through August 31, 2018
Fund   Distribution  

Net Investment
Income

 

Net Realized
Short-Term Gains

 

Net Realized
Long-Term Gains

  Return of Capital
BKT   $0.325900   $0.321149 (99%)   $0 (0%)   $0 (0%)   $0.004751 (1%)
       

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 each
BKT'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:
Fund   Average annual total return (in relation to NAV) for the 5-year
period ending on 7/31/2018
  Annualized current distribution rate expressed as a percentage of
NAV as of 7/31/2018
  Cumulative total return (in relation to NAV) for the fiscal year
through 7/31/2018
  Cumulative fiscal year distributions as a percentage of NAV as of
7/31/2018
BKT   2.58%   6.56%   (1.88)%   4.63%
       

The amount distributed per share is subject to change at the
discretion of the Fund's Board.
The 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 the Plan or
suspend or terminate the Plan at any time without prior notice to the
Fund's stockholders if it deems such actions to be in the best interest
of the Fund or its stockholders. The amendment or termination of the
Plan could have an adverse effect on the market price of the Fund's
shares.

About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary
to our clients, we provide the investment and technology solutions they
need when planning for their most important goals. As of June 30, 2018,
the firm managed approximately $6.3 trillion in assets on behalf of
investors worldwide. 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 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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