Today, BlackRock Enhanced Dividend AchieversTM Trust (NYSE:
BDJ), BlackRock World Investment Trust (NYSE: BWC), BlackRock Real Asset
Equity Trust (NYSE: BCF), BlackRock International Growth and Income
Trust (NYSE: BGY), BlackRock Dividend AchieversTM Trust
(NYSE: BDV), BlackRock Strategic Dividend AchieversTM Trust
(NYSE: BDT), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock
Health Sciences Trust (NYSE: BME), BlackRock EcoSolutions Investment
Trust (NYSE: BQR), BlackRock Preferred & Equity Advantage Trust (NYSE:
BTZ), BlackRock Enhanced Government Fund, Inc. (NYSE: EGF), and
BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII)
(collectively, the “Trusts”) paid the following dividends per share:
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Ticker
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Pay Date
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Per Share
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BDJ
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June 30, 2009
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$ 0.305625
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BWC
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June 30, 2009
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$ 0.341250
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BCF
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June 30, 2009
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$ 0.271800
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BGY
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June 30, 2009
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$ 0.455100
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BDV
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June 30, 2009
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$ 0.162500
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BDT
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June 30, 2009
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$ 0.162500
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BGR
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June 30, 2009
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$ 0.405000
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BME
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June 30, 2009
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$ 0.384375
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BQR
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June 30, 2009
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$ 0.400000
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BTZ
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June 30, 2009
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$ 0.100000
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EGF
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June 30, 2009
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$ 0.105000
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CII
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June 30, 2009
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$ 0.485000
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Each of the Trusts has adopted a level distribution plan (the “Plan”)
and employs either a managed distribution or an option over-write policy
to support a level distribution of income, capital gains and/or return
of capital. The fixed amounts distributed per share are subject to
change at the discretion of each Trust’s Board. Under its Plan, each
Trust will distribute all available investment income to its
shareholders, consistent with its primary investment objectives and as
required by the Internal Revenue Code of 1986, as amended (the “Code”).
If sufficient investment income is not available on a quarterly/monthly
basis, the Trusts will distribute long-term capital gains and or return
of capital to their shareholders in order to maintain a level
distribution.
The Trusts’ estimated sources of the distributions paid this month and
for their current fiscal years are as follows:
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Estimated Allocations of Distributions Paid June 30, 2009:
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Trust
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Distribution
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Net Investment
Income
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Net Realized
Short-Term Gains
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Net Realized
Long-Term Gains
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Return of Capital
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BDJ1
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$ 0.305625
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$0.051365 (17%)
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$0.00 (0%)
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$0.00 (0%)
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$0.254260 (83%)
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BWC1
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$ 0.341250
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$0.091780 (27%)
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$0.00 (0%)
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$0.00 (0%)
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$0.249470 (73%)
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BCF1
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$ 0.271800
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$0.013300 (5%)
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$0.00 (0%)
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$0.00 (0%)
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$0.258500 (95%)
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BGY1
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$ 0.455100
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$0.147800 (32%)
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$0.00 (0%)
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$0.00 (0%)
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$0.307300 (68%)
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BDV1
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$ 0.162500
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$0.063600 (39%)
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$0.00 (0%)
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$0.00 (0%)
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$0.098900 (61%)
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BDT1
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$ 0.162500
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$0.080000 (49%)
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$0.00 (0%)
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$0.00 (0%)
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$0.082500 (51%)
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BGR1
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$ 0.405000
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$0.034000 (8%)
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$0.121000 (30%)
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$0.00 (0%)
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$0.250000 (62%)
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BME1
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$ 0.384375
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$0.041755 (11%)
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$0.00 (0%)
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$0.00 (0%)
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$0.342620 (89%)
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BQR1
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$ 0.400000
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$0.040000 (11%)
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$0.00 (0%)
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$0.00 (0%)
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$0.360000 (89%)
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BTZ1
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$ 0.100000
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$0.083600 (84%)
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$0.00 (0%)
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$0.00 (0%)
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$0.016400 (16%)
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EGF
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$ 0.105000
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$0.105000 (100%)
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$0.00 (0%)
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$0.00 (0%)
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$0.000000 (0%)
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CII1
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$ 0.485000
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$0.036000 (7%)
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$0.00 (0%)
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$0.00 (0%)
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$0.449000 (93%)
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Estimated Allocations for the Fiscal Year Through June 30, 2009:
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Trust
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Distribution
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Net Investment
Income
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Net Realized
Short-Term Gains
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Net Realized
Long-Term Gains
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Return of Capital
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BDJ1
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$ 0.916875
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$0.191234 (21%)
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$0.00 (0%)
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$0.00 (0%)
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$0.725641 (79%)
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BWC1
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$ 1.023750
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$0.184040 (18%)
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$0.00 (0%)
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$0.00 (0%)
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$0.839710 (82%)
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BCF1
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$ 0.815400
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$0.074400 (9%)
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$0.00 (0%)
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$0.00 (0%)
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$0.741000 (91%)
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BGY1
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$ 1.365300
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$0.232200 (17%)
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$0.00 (0%)
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$0.00 (0%)
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$1.133100 (83%)
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BDV1
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$ 0.487500
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$0.224600 (46%)
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$0.00 (0%)
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$0.00 (0%)
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$0.262900 (54%)
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BDT1
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$ 0.487500
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$0.239900 (49%)
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$0.00 (0%)
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$0.00 (0%)
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$0.247600 (51%)
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BGR1
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$ 1.215000
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$0.226000 (19%)
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$0.400000 (33%)
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$0.00 (0%)
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$0.589000 (48%)
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BME1
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$ 1.324369
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$0.063400 (5%)
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$0.538862 (41%)
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$0.00 (0%)
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$0.722107 (54%)
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BQR1
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$ 1.200000
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$0.150000 (12%)
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$0.00 (0%)
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$0.00 (0%)
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$1.050000 (88%)
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BTZ1
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$ 1.010000
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$0.690700 (68%)
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$0.00 (0%)
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$0.00 (0%)
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$0.319300 (32%)
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EGF
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$ 0.525000
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$0.52500 (100%)
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$0.00 (0%)
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$0.00 (0%)
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$0.000000 (0%)
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CII1
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$ 1.455000
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$0.264000 (18%)
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$0.00 (0%)
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$0.00 (0%)
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$1.191000 (82%)
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1 The Trusts estimate that they have distributed more than
their income and capital gains in the current fiscal year; therefore, a
portion of your distribution may be a return of capital. A return of
capital may occur, for example, when some or all of the shareholder’s
investment is paid back to the shareholder. A return of capital
distribution does not necessarily reflect a Trust's investment
performance and should not be confused with ‘yield’ or ‘income’.
The amounts and sources of distributions reported are only estimates
and are not provided for tax reporting purposes. The actual amounts and
sources of the amounts for tax reporting purposes will depend upon each
Trust’s investment experience during the remainder of its fiscal year
and may be subject to changes based on tax regulations. The Trusts will
send you a Form 1099-DIV for the calendar year that will tell you how to
report these distributions for federal income tax purposes.
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Trust Performance and Distribution Rate Information:
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Trust
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Average annual total
return (in relation to NAV)
from inception to May 31, 2009
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Current fiscal period's
annualized distribution rate
as a percentage of NAV
as of May 31, 2009
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Cumulative total return
(in relation to NAV) for the
fiscal year through May 31, 2009
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Cumulative fiscal year
distribution rate expressed
as a percentage of NAV
as of May 31, 2009
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BDJ
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(5.94)%
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15.47%
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(10.77)%
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7.74%
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BWC
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2.96%
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12.67%
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8.33%
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6.34%
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BCF
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(1.76)%
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10.05%
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23.04%
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5.02%
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BGY
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(14.88)%
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16.97%
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14.17%
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8.48%
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BDV
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(3.73)%*
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7.61%
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(13.70)%
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3.81%
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BDT
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(2.43)%*
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7.33%
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(13.32)%
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3.66%
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BGR
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7.26%
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7.25%
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13.29%
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3.63%
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BME
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7.05%
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6.61%
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3.06%
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4.04%
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BQR
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(20.10)%
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14.73%
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15.33%
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7.37%
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BTZ
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(19.99)%
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15.22%
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9.21%
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8.88%
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EGF
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3.63%
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7.59%
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6.29%
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2.53%
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CII
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2.77%*
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14.07%
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8.83%
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7.03%
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*Five year total return (in relation to NAV) as of May 31, 2009
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Shareholders should not draw any conclusions about a Trust’s
investment performance from the amount of the Trust’s current
distributions or from the terms of the Trust’s Plan.
About BlackRock
BlackRock is one of the world’s largest publicly traded investment
management firms. At March 31, 2009, BlackRock’s assets under management
were $1.283 trillion. The firm manages assets on behalf of institutions
and individuals worldwide through a variety of equity, fixed income,
cash management and alternative investment products. In addition, a
growing number of institutional investors use BlackRock Solutions®
investment system, risk management and financial advisory services. The
firm is headquartered in New York City and has employees in 21 countries
throughout the U.S., Europe and Asia Pacific. 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 Trust, the following factors, among others, could
cause actual events to differ materially from forward-looking statements
or historical performance: (1) changes in political, economic or
industry conditions, the interest rate environment or financial and
capital markets, which could result in changes in the Trust’s net asset
value; (2) the performance of the Trust’s investments; (3) the impact of
increased competition; (4) the extent and timing of any distributions or
share repurchases; (5) the impact of legislative and regulatory actions
and reforms and regulatory, supervisory or enforcement actions of
government agencies relating to the Trust or BlackRock, as applicable;
(6) BlackRock’s ability to attract and retain highly talented
professionals; and (7) the impact of legislative and regulatory actions
and reforms and regulatory, supervisory or enforcement actions of
government agencies relating to BlackRock, Barclays PLC, Bank of
America, Merrill Lynch or PNC.
The Annual and Semi-Annual Reports and other regulatory filings of the
Trusts 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 Trusts. The
information contained on our website is not a part of this press release.
BlackRock Closed End Funds
1-800-882-0052