Certain BlackRock closed-end funds (the “Funds”) announced
distributions and special distributions today as detailed
below.
Quarterly Distributions
Declaration- 12/9/2011 Ex-Date- 12/16/2011 Record- 12/20/2011
Payable- 12/30/2011
Fund Ticker Distribution Change
From Prior
Distribution
BlackRock Real Asset Equity Trust* BCF $0.271800 - BlackRock
Resources & Commodities Strategy Trust* BCX $0.350000 -
BlackRock Enhanced Equity Dividend Trust* BDJ $0.170000 - BlackRock
Strategic Equity Dividend Trust* BDT $0.162500 - BlackRock Equity
Dividend Trust* BDV $0.162500 - BlackRock Energy and Resources
Trust* BGR $0.405000 - BlackRock International Growth and Income
Trust* BGY $0.340000 - BlackRock Health Sciences Trust* BME
$0.384375 - BlackRock EcoSolutions Investment Trust* BQR $0.235000
- BlackRock Enhanced Capital and Income Fund, Inc.* CII $0.360000 -
Special Distributions
Declaration- 12/9/2011 Ex-Date- 12/16/2011 Record- 12/20/2011
Payable- 12/30/2011
Fund Ticker Special Distribution
BlackRock Energy and Resources Trust BGR $0.148000 BlackRock Health
Sciences Trust BME $0.963000 BlackRock S&P Quality Rankings
Global Equity Managed Trust BQY $0.270000
* In order to comply with the requirements of Section 19 of the
Investment Company Act of 1940, as amended, each of the Funds noted
above posted to the DTC bulletin board and sent to their
shareholders as of the applicable record date a Section 19 notice
with the previous distribution payment. The Section 19
notice was provided not for tax reporting purposes but for
informational purposes only. This information can be found in the
“Closed-End Funds” section of www.blackrock.com. If
applicable, the final determination of the source and tax
characteristics of all distributions in 2011 will be made after the
end of the year.
BlackRock Real Asset Equity Trust (NYSE:BCF), BlackRock
Resources & Commodities Strategy Trust (NYSE:BCX), BlackRock
Enhanced Equity Dividend Trust (NYSE:BDJ), BlackRock Strategic
Equity Dividend Trust (NYSE: BDT), BlackRock Equity Dividend Trust
(NYSE:BDV), BlackRock Energy and Resources Trust (NYSE:BGR),
BlackRock International Growth and Income Trust (NYSE:BGY),
BlackRock Health Sciences Trust (NYSE:BME), BlackRock EcoSolutions
Investment Trust (NYSE:BQR) and BlackRock Enhanced Capital and
Income Fund, Inc. (NYSE:CII) (collectively, the “Trusts”) have
adopted a level distribution plan (the “Plan”) and employ either a
managed distribution or an option over-write policy to support a
level distribution of income, capital gains and/or return of
capital. The fixed amounts distributed per share are subject to
change at the discretion of each Trust’s Board. Under its Plan,
each Trust will distribute all available investment income to its
shareholders, consistent with its primary investment objectives and
as required by the Internal Revenue Code of 1986, as amended. If
sufficient investment income is not available on a
quarterly/monthly basis, the Trusts will distribute long-term
capital gains and or return capital to their shareholders in order
to maintain a level distribution.
The Trusts’ estimated sources of the distributions paid
currently and for their current fiscal year through September 30,
2011 are as follows:
Estimated Allocations as of September 30, 2011
Trust
Distribution
Net Investment
Income
Net Realized
Short-Term
Gains
Net Realized
Long-Term Gains
Return of Capital BCF1
$0.271800 $0.030815 (11%) $0
(0%) $0 (0%) $0.240985
(89%) BCX1 $0.350000 $0.018405
(5%) $0.020679 (6%) $0
(0%) $0.310916 (89%) BDJ1
$0.170000 $0.039628 (23%) $0
(0%) $0 (0%) $0.130372
(77%) BDT1 $0.162500 $0.065986
(41%) $0 (0%) $0 (0%)
$0.096514 (59%) BDV1
$0.162500 $0.059531 (37%) $0
(0%) $0 (0%) $0.102969
(63%) BGR $0.405000 $0.009472
(2%) $0.395528 (98%) $0
(0%) $0 (0%) BGY1
$0.340000 $0.014472 (4%) $0 (0%)
$0 (0%) $0.325528 (96%)
BME $0.384375 $0 (0%)
$0.069515 (18%) $0.31486 (82%)
$0 (0%) BQR1 $0.235000
$0.066578 (28%) $0 (0%)
$0 (0%) $0.168422 (72%) CII1
$0.360000 $0.040613 (11%)
$0 (0%) $0 (0%)
$0.319387 (89%)
Estimated Allocations for the fiscal year through September 30,
2011 Trust
Distribution Net Investment Income
Net Realized Short-Term Gains Net
Realized Long-Term Gains Return of Capital
BCF1 $1.087200 $0.099056 (9%)
$0 (0%) $0 (0%)
$0.988144 (91%) BCX1 $0.700000
$0.026256 (4%) $0.098652 (14%)
$0 (0%) $0.575092 (82%)
BDJ1 $0.830000 $0.145149 (17%)
$0 (0%) $0 (0%)
$0.684851 (83%) BDT1 $0.650000
$0.243913 (38%) $0 (0%)
$0 (0%) $0.406087 (62%) BDV1
$0.650000 $0.216089 (33%)
$0 (0%) $0 (0%)
$0.433911 (67%) BGR $1.620000
$0.076221 (5%) $1.543779 (95%)
$0 (0%) $0 (0%) BGY1
$1.360000 $0.130143 (10%)
$0 (0%) $0 (0%)
$1.229857 (90%) BME $2.237500 $0
(0%) $1.917989 (86%)
$0.319511 (14%) $0 (0%) BQR1
$1.070000 $0.099701 (9%)
$0 (0%) $0 (0%) $0.970299
(91%) CII1 $1.690000 $0.329213
(19%) $0 (0%) $0 (0%)
$1.360787 (81%)
1 The Trust 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 Trust's investment performance and should not be
confused with ‘yield’ or ‘income’.
The amounts and sources of distributions reported are only
estimates and are not provided for tax reporting purposes. The
actual amounts and sources of the amounts for tax reporting
purposes will depend upon the Trust’s investment experience during
the remainder of its fiscal year and may be subject to changes
based on tax regulations. Each Trust in which you are invested 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.
Trust Performance and Distribution Rate Information:
Trust
Average annual
total return (in
relation to NAV) for
the 5-year period
ending on
10/31/2011
Annualized current
distribution rate
expressed as a
percentage of NAV as
of 10/31/2011
Cumulative total
return (in relation to
NAV) for the fiscal
year through
10/31/2011
Cumulative fiscal
year distributions
as a percentage of
NAV as of
10/31/2011
BCF 5.07% 8.73%
0.58% 8.73% BCX *
(12.88)% 8.32%
(7.80)% 4.16% BDJ (1.10)%
8.47% 6.88%
10.34% BDT (0.08)%
5.77% 8.31% 5.77% BDV
(1.77)% 6.41%
8.33% 6.41% BGR
7.12% 5.72% 16.09%
5.72% BGY * (3.43)%
15.60% (4.55)%
15.60% BME 7.11%
5.77% 6.43% 8.40%
BQR * (5.68)% 10.03%
(2.24)% 11.42% CII
3.15% 10.38%
7.56% 12.18%
* Portfolio launched within the past 5 years; this represents
the average annual total return (in relation to NAV) from inception
to October 31, 2011.
Shareholders should not draw any conclusions about a Trust’s
investment performance from the amount of the Trust’s current
distributions or from the terms of the Trust’s Plan
About BlackRock
BlackRock is a leader in investment management, risk management
and advisory services for institutional and retail clients
worldwide. At September 30, 2011, BlackRock’s AUM was $3.345
trillion. BlackRock offers products that span the risk spectrum to
meet clients’ needs, including active, enhanced and index
strategies across markets and asset classes. Products are offered
in a variety of structures including separate accounts, mutual
funds, iShares® (exchange-traded funds), and other pooled
investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base
of institutional investors through BlackRock Solutions®.
Headquartered in New York City, as of September 30, 2011, the firm
has approximately 10,200 employees in 27 countries and a major
presence in key global markets, including North and South America,
Europe, Asia, Australia, and the Middle East and Africa. For
additional information, please visit the firm’s website at
www.blackrock.com.
Forward-Looking Statements
This press release, and other statements that BlackRock may
make, may contain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act, with respect to
BlackRock’s future financial or business performance, strategies or
expectations. Forward-looking statements are typically identified
by words or phrases such as “trend,” “potential,” “opportunity,”
“pipeline,” “believe,” “comfortable,” “expect,” “anticipate,”
“current,” “intention,” “estimate,” “position,” “assume,”
“outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,”
“achieve,” and similar expressions, or future or conditional verbs
such as “will,” “would,” “should,” “could,” “may” or similar
expressions.
BlackRock cautions that forward-looking statements are subject
to numerous assumptions, risks and uncertainties, which change over
time. Forward-looking statements speak only as of the date they are
made, and BlackRock assumes no duty to and does not undertake to
update forward-looking statements. Actual results could differ
materially from those anticipated in forward-looking statements and
future results could differ materially from historical
performance.
With respect to each Fund, the following factors, among others,
could cause actual events to differ materially from forward-looking
statements or historical performance: (1) changes 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 Fund or in
the Fund’s net asset value; (2) the relative and absolute
investment performance of the 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 recently approved
Dodd-Frank Wall Street Reform and Consumer Protection Act, and
regulatory, supervisory or enforcement actions of government
agencies relating to the 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) BlackRock’s success in maintaining
secondary market support for the Fund; (11) the impact of BlackRock
electing to provide support to its products from time to time; (12)
the impact of problems at other financial institutions or the
failure or negative performance of products at other financial
institutions; and (13) the ability of BlackRock to integrate the
operations of Barclays Global Investors.
The 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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