MZA BlackRock MuniYield Arizona Fund Inc

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Certain municipal Funds announced a decrease in their monthly distribution rates. Generally, these distribution changes were made in order to better align the applicable Funds’ distribution rates with their current and projected level of earnings. In addition, certain municipal Funds declared special distributions.

Municipal Funds:

              Declaration- 12/3/2018 Ex-Date- 12/12/2018 Record- 12/13/2018 Payable- 12/31/2018  

National Funds

 

Ticker

 

Distribution

 

Change FromPriorDistribution

 

BlackRock Municipal Income Quality Trust BYM $0.052000 - BlackRock Municipal Income Investment Quality Trust BAF $0.058500 - BlackRock Long-Term Municipal Advantage Trust BTA $0.050500 (0.004000) BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.044500 - BlackRock Municipal Income Investment Trust* BBF $0.058000 (0.002500) 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 $0.067500 (0.002500) BlackRock MuniYield Quality Fund II, Inc. MQT $0.048000 - BlackRock MuniYield Quality Fund, Inc. MQY $0.056000 - BlackRock MuniHoldings Quality Fund II, Inc.* MUE $0.049000 (0.005000) 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 $0.059000 (0.002000) BlackRock MuniYield Investment Fund MYF $0.062000 (0.007500) BlackRock MuniYield Quality Fund III, Inc. MYI $0.050500 - BlackRock MuniVest Fund, Inc. MVF $0.038500 (0.002500) BlackRock Municipal 2020 Term Trust BKK $0.031800 -  

 

State-Specific Funds

Ticker

Distribution

Change FromPriorDistribution

 

 

BlackRock MuniHoldings California Quality Fund, Inc.

 

 

MUC

 

 

$0.047500

 

 

-

BlackRock California Municipal Income Trust* BFZ $0.044500 (0.002500) BlackRock MuniYield California Fund, Inc. MYC $0.052000 - BlackRock MuniYield California Quality Fund, Inc. MCA $0.052000 - 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 MuniHoldings New Jersey Quality Fund, Inc. MUJ $0.052500 - BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.060500 - BlackRock MuniYield Pennsylvania Quality Fund* MPA $0.053000 (0.002500) BlackRock MuniYield Arizona Fund, Inc. MZA $0.047000 (0.005000) BlackRock Virginia Municipal Bond Trust BHV $0.053500 (0.009500) BlackRock Massachusetts Tax-Exempt Trust MHE $0.044000 -  

Taxable Municipal Fund:

            Declaration- 12/3/2018 Ex-Date- 12/12/2018 Record-12/13/2018 Payable- 12/19/2018  

Fund

 

Ticker

 

Distribution

 

Change FromPriorDistribution

BlackRock Taxable Municipal Bond Trust BBN $0.118800 -  

Taxable Funds:

              Declaration- 12/3/2018 Ex-Date- 12/12/2018 Record-12/13/2018 Payable- 12/19/2018  

Fund

 

Ticker

 

Distribution

 

Change FromPriorDistribution

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 -  

Special Distributions

           

 

Declaration- 12/3/2018 Ex-Date- 12/12/2018 Record- 12/13/2018 Payable- 12/31/2018   Fund   Ticker  

Taxable NetInvestmentIncome

 

Short-TermCapital Gain

 

Long-TermCapital Gain

BlackRock California Municipal Income Trust BFZ $0.004096 $0.000624 $0.162818 BlackRock Investment Quality Municipal Trust, Inc. BKN $0.000246 - $0.003090 BlackRock Long-Term Municipal Advantage Trust BTA $0.000905 - - BlackRock Maryland Municipal Bond Trust BZM $0.000103 $0.017156 $0.050161 BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.000421 - $0.033545

BlackRock Muni New York Intermediate Duration Fund, Inc.

MNE $0.000154 $0.002977 $0.058738 BlackRock MuniAssets Fund, Inc. MUA $0.004380 - - BlackRock Municipal Bond Trust BBK $0.000153 - $0.047174 BlackRock Municipal Income Quality Trust BYM $0.012637 - - BlackRock MuniEnhanced Fund, Inc. MEN $0.000160 - $0.004955 BlackRock MuniHoldings California Quality Fund MUC $0.000039 - $0.009088 BlackRock MuniHoldings Fund II, Inc. MUH $0.001253 $0.018947 $0.033816 BlackRock MuniHoldings Fund, Inc. MHD $0.000669 $0.016620 $0.035907 BlackRock MuniHoldings New York Quality Fund, Inc. MHN $0.000327 - - BlackRock MuniVest Fund II, Inc. MVT $0.001559 $0.004690 $0.050768 BlackRock MuniVest Fund, Inc. MVF $0.000260 - - BlackRock MuniYield California Fund, Inc. MYC $0.002863 - $0.148546 BlackRock MuniYield California Quality Fund, Inc. MCA $0.000160 - $0.041417 BlackRock MuniYield Fund, Inc. MYD $0.000879 - - BlackRock MuniYield New York Quality Fund, Inc. MYN $0.000430 - - BlackRock MuniYield Quality Fund II, Inc. MQT $0.003867 - - BlackRock MuniYield Quality Fund III, Inc. MYI $0.000178 - - BlackRock MuniYield Quality Fund, Inc. MQY $0.004133 - $0.018105 BlackRock New York Municipal Bond Trust BQH $0.002053 - - BlackRock New York Municipal Income Trust BNY $0.000828 - - BlackRock New York Municipal Income Trust II BFY $0.001037 - - The BlackRock Strategic Municipal Trust BSD $0.001023 - -  

* 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 2018 will be made after the end of the year.

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) has adopted a managed distribution plan (a “Plan”) and employs an option over-write policy to support a level distribution of income, capital gains and/or return of capital. The fixed amount distributed per share is subject to change at the discretion of EGF’s Board. Under the Plan, EGF will distribute all available investment income to its shareholders, consistent with its investment objective 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, EGF will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.

EGF’s estimated sources of the distributions paid as of November 30, 2018 and for its current fiscal year are as follows:

Estimated Allocations as of November 30, 2018 Fund   Distribution  

Net InvestmentIncome

 

Net RealizedShort-Term Gains

 

Net RealizedLong-Term Gains

  Return of Capital EGF1   $0.041000   $0.027528 (67%)   $0 (0%)   $0 (0%)   $0.013472 (33%)           Estimated Allocations for the Fiscal Year through November 30, 2018 Fund   Distribution  

Net InvestmentIncome

 

Net RealizedShort-Term Gains

 

Net RealizedLong-Term Gains

  Return of Capital EGF1   $0.410000   $0.252189 (62%)   $0 (0%)   $0 (0%)   $0.157811 (38%)          

1 EGF estimates that it has distributed more than its income and net realized capital gains in the current fiscal year; therefore, a portion of the distribution may be a return of capital. A return of capital may occur, for example, when some or all of a shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect EGF’s investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce EGF’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 provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon EGF’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. EGF will send its shareholders 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 10/31/2018   Annualized current distribution rate expressed as a percentage of NAV as of 10/31/2018   Cumulative total return (in relation to NAV) for the fiscal year through 10/31/2018   Cumulative fiscal year distributions as a percentage of NAV as of 10/31/2018 EGF   1.50%   3.66%   (0.89)%   3.05%        

No conclusions should be drawn about EGF’s investment performance from the amount of the Fund’s distributions or from the terms of the Plan.

BlackRock Income Trust, Inc. (NYSE:BKT) has adopted a Plan whereby beginning August 2018 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 Code. The fixed amount distributed per share is subject to change at the discretion of BKT’s Board. 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 a level distribution. The Fund is currently not relying on any exemptive relief from Section 19(b) of the 1940 Act. The Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. BKT 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’s estimated sources of the distributions paid as of November 30, 2018 and for its current fiscal year is as follows:

Estimated Allocations as of November 30, 2018 Fund   Distribution  

Net InvestmentIncome

 

Net RealizedShort-Term Gains

 

Net RealizedLong-Term Gains

  Return of Capital BKT2   $0.034400   $0.021972 (64%)   $0 (0%)   $0 (0%)   $0.012428 (36%)           Estimated Allocations for the Fiscal Year through November 30, 2018 Fund   Distribution  

Net InvestmentIncome

 

Net RealizedShort-Term Gains

 

Net RealizedLong-Term Gains

  Return of Capital BKT2   $0.103200   $0.069357 (67%)   $0 (0%)   $0 (0%)   $0.033843 (33%)          

2 BKT estimates that it has distributed more than its income and net realized capital gains in the current fiscal year; therefore, a portion of the distribution may be a return of capital. A return of capital may occur, for example, when some or all of a stockholder’s investment is paid back to the stockholder. A return of capital distribution does not necessarily reflect BKT’s investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce BKT’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 BKT’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. BKT 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 10/31/2018   Annualized current distribution rate expressed as a percentage of NAV as of 10/31/2018   Cumulative total return (in relation to NAV) for the fiscal year through 10/31/2018   Cumulative fiscal year distributions as a percentage of NAV as of 10/31/2018 BKT   2.12%   6.71%   (1.19)%  

1.68%

       

No conclusions should be drawn about the BKT’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 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 September 30, 2018, the firm managed approximately $6.44 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181203006031/en/

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