Dividend Dates and Distribution Amounts Announced for BlackRock Closed-End Funds.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Boards of Directors/Trustees of the BlackRock Closed-End Funds Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. listed below announced dividend dates and distribution rates. The BlackRock Strategic Bond Trust (BHD BHD In currencies, this is the abbreviation for the Bahraini Dinar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) and BlackRock High Yield Trust (BHY BHY Bulk Hydrogen BHY Beihai, PR China (airport code) ) both reduced their dividends. These reductions were based on recommendations of the Trusts' investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , BlackRock Advisors, Inc., with respect to the Trusts' earnings potential, given the flat shape of the yield curve, continued tightness of credit spreads which limit reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. opportunities, and increased borrowing costs associated with leverage. Details are as follows:
Taxable Fixed-Income Closed-End Funds
-------------------------------------
Dates:
Declaration - 8/1/06 Ex-Date - 8/11/06
Record Date - 8/15/06 Payable Date - 8/31/06
Rates:
Change From
Prior
Trust Ticker Dividend Month
The BlackRock Income Trust, Inc. BKT $0.036787 -
BlackRock Income Opportunity Trust BNA $0.055000 -
The BlackRock High Yield Trust BHY $0.051000 -$0.004333
BlackRock Core Bond Trust* BHK $0.067000 -
BlackRock Strategic Bond Trust BHD $0.077000 -$0.011000
BlackRock Preferred Opportunity Trust* BPP $0.166667 -
BlackRock Limited Duration Income Trust BLW $0.125000 -
BlackRock Global Floating Rate Income Trust BGT $0.125000 -
Equity Closed-End Funds
-----------------------
Dates:
Declaration - 8/1/06 Ex-Date - 8/11/06
Record Date - 8/15/06 Payable Date - 8/31/06
Rates:
Change From
Trust Ticker Dividend Prior Month
BlackRock World Investment Trust* BWC $0.113750 -
BlackRock Enhanced Dividend Achievers(TM)
Trust* BDJ $0.101875 -
BlackRock S&P Quality Rankings Global
Equity Managed Trust* BQY $0.225000 -
BlackRock Global Opportunities Equity
Trust* BOE $0.568750 -
Municipal Closed-End Funds
--------------------------
Dates:
Declaration - 8/1/06 Ex-Date - 8/11/06
Record Date - 8/15/06 Payable Date - 9/1/06
Rates:
Change
From
Prior
Trust Ticker Dividend Month
BlackRock Long-Term Municipal Advantage Trust BTA $0.068750 -
The BlackRock Investment Quality Municipal
Trust, Inc. BKN $0.088250 -
The BlackRock Strategic Municipal Trust BSD $0.091625 -
BlackRock Municipal Income Trust BFK $0.082625 -
BlackRock Municipal Income Trust II BLE $0.083750 -
BlackRock Insured Municipal Income Trust BYM $0.061000 -
BlackRock Insured Municipal Term Trust, Inc. BMT $0.030417 -
BlackRock Municipal 2020 Term Trust BKK $0.066250 -
The BlackRock California Investment Quality
Municipal Trust, Inc. RAA $0.070600 -
BlackRock California Municipal Income Trust BFZ $0.076074 -
BlackRock California Municipal Bond Trust BZA $0.079656 -
BlackRock California Municipal Income Trust II BCL $0.065500 -
BlackRock California Insured Municipal Income
Trust BCK $0.058000 -
BlackRock California Municipal 2018 Term Trust BJZ $0.061250 -
BlackRock Florida Municipal 2020 Term Trust BFO $0.055625 -
BlackRock Florida Municipal Income Trust BBF $0.075375 -
BlackRock Florida Municipal Bond Trust BIE $0.077808 -
BlackRock Florida Insured Municipal Income Trust BAF $0.058000 -
The BlackRock Florida Insured Municipal 2008
Term Trust BRF $0.037500 -
BlackRock Maryland Municipal Bond Trust BZM $0.071350 -
BlackRock New Jersey Municipal Income Trust BNJ $0.079625 -
The BlackRock Municipal Target Term Trust, Inc. BMN $0.031125 -
BlackRock Municipal 2018 Term Trust BPK $0.075500 -
BlackRock New York 2018 Municipal Term Trust BLH $0.061250 -
The BlackRock California Insured Municipal 2008
Term Trust, Inc. BFC $0.064375 -
The BlackRock New York Insured Municipal 2008
Term Trust, Inc. BLN $0.045600 -
The BlackRock Insured Municipal 2008 Term Trust,
Inc. BRM $0.066250 -
BlackRock New York Municipal Income Trust BNY $0.075339 -
BlackRock New York Municipal Bond Trust BQH $0.077099 -
BlackRock New York Municipal Income Trust II BFY $0.059250 -
BlackRock New York Insured Municipal Income
Trust BSE $0.058000 -
The BlackRock Pennsylvania Strategic Municipal
Trust BPS $0.075500 -
BlackRock Virginia Municipal Bond Trust BHV $0.072428 -
The BlackRock Florida Investment Quality
Municipal Trust RFA $0.070781 -
The BlackRock New Jersey Investment Quality
Municipal Income Trust RNJ $0.070125 -
BlackRock New Jersey Municipal Bond Trust BLJ $0.078582 -
The BlackRock New York Investment Quality
Municipal Trust, Inc. RNY $0.073125 -
BlackRock Municipal Bond Trust BBK $0.086375 -
* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , the trusts noted posted a Section 19 notice to the DTC DTC See: Depository Transfer Check DTC See: Depository Trust Company DTC See Depository Trust Company (DTC). bulletin board and sent out to their registered shareholders a Section 19 notice along with the payment of dividends declared for the month of July 2006. This notice was not for tax reporting purposes and was provided only for informational purposes. About BlackRock BlackRock is one of the largest publicly traded investment management firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with approximately $464.1 billion of assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. at June 30, 2006. BlackRock manages assets on behalf of institutional and individual investors worldwide through a variety of equity, fixed income, cash management and alternative investment products. In addition, BlackRock provides risk management, investment system outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to a growing number of institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the firm serves clients from offices in the U.S., Europe and Asia. BlackRock is majority owned by The PNC Financial Services PNC Financial Services (NYSE: PNC) is a U.S.-based financial services corporation, with assets of $92.0 billion. PNC operations include a regional banking franchise operating primarily in eight states and the District of Columbia, specialized financial businesses serving Group, Inc. and by BlackRock employees. For additional information, please visit BlackRock's website at www.blackrock.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and , 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. In addition to factors previously disclosed in BlackRock's SEC reports and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (1) the introduction, withdrawal, success and timing of business initiatives and strategies; (2) changes in political, economic or industry conditions, the interest rate environment or financial and capital markets, which could result in changes in demand for products or services or in the value of assets under management; (3) the relative and absolute investment performance of BlackRock's investment products, including its separately managed accounts and the former Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. Investment Managers (MLIM MLIM Merrill Lynch Investment Managers (UK) ) business; (4) the impact of increased competition; (5) the impact of capital improvement projects; (6) the impact of future acquisitions or divestitures; (7) the unfavorable resolution of legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. ; (8) the extent and timing of any share repurchases Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. ; (9) the impact, extent and timing of technological changes and the adequacy of intellectual property protection; (10) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc BlackRock or PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress ; (11) terrorist activities and international hostilities, which may adversely affect the general economy, domestic and global financial and capital markets, specific industries, and BlackRock; (12) the ability to attract and retain highly talented professionals; (13) fluctuations in foreign currency exchange rates, which may adversely affect the value of advisory fees earned by BlackRock; (14) the impact of changes to tax legislation and, generally, the tax position of BlackRock; (15) BlackRock's ability to successfully integrate the MLIM business with its existing business; (16) the ability of BlackRock to effectively manage the former MLIM assets along with its historical assets under management; (17) BlackRock's success in maintaining the distribution of its products; and (18) the ability of BlackRock to complete the transaction with Merrill Lynch & Co., Inc. BlackRock's Annual Reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and BlackRock's subsequent reports filed with the SEC, accessible on the SEC's website at http://www.sec.gov and on BlackRock's website at http://www.blackrock.com, discuss these factors in more detail and identify additional factors that can affect forward-looking statements. The information contained on BlackRock's website is not a part of this press release. |
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