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 BlackRock Inc. (NYSE: BLK) is a major American investment management firm. As of September 30, 2007, BlackRock’s assets under management totaled $1.3 trillion[2] across fixed income, liquidity, equity, alternative investment and real estate strategies. 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 amounts. The distributions for BlackRock Global Energy and Resources Trust (BGR BGR Bundesanstalt für Geowissenschaften und Rohstoffe (in Federal Republic of Germany) BGR Bulgaria (ISO Country code) BGR Blue Green Red (uncommon variant of RGB) ) and BlackRock Health Sciences Trust (BME BME abbr. 1. Bachelor of Mechanical Engineering 2. Bachelor of Mining Engineering 3. Bachelor of Music Education ) include the Trusts' normal quarterly dividend ($0.375 for BGR and $0.384375 for BME) and a special distribution ($0.685 for BGR and $0.385625 for BME) given the performance of the Trusts' investments and option writing strategy.
Details are as follows:
Taxable Fixed-Income Closed-End Funds
-------------------------------------
Dates:
Declaration - 9/1/06 Ex-Date - 9/13/06
Record Date - 9/15/06 Payable Date - 9/29/06
Amounts:
Change From
Trust Prior
Ticker Dividend Month
The BlackRock Income Trust, Inc. BKT $0.031000 ($0.005787)
BlackRock Income Opportunity Trust BNA $0.055000 -
The BlackRock High Yield Trust BHY $0.051000 -
BlackRock Core Bond Trust* BHK $0.067000 -
BlackRock Strategic Bond Trust BHD $0.077000 -
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 - 9/1/06 Ex-Date - 9/13/06
Record Date - 9/15/06 Payable Date - 9/29/06
Amounts:
Change From
Trust Ticker Dividend Prior
Dividend
BlackRock Dividend Achievers(TM) Trust* BDV $0.225000 -
BlackRock Strategic Dividend
Achievers(TM) Trust* BDT $0.225000 -
BlackRock Health Sciences Trust* + BME $0.770000 $0.385625
BlackRock Global Energy and Resources
Trust* + BGR $1.060000 $0.685000
BlackRock World Investment Trust* BWC $0.113750 -
BlackRock Enhanced Dividend
Achievers(TM) Trust* BDJ $0.101875 -
Municipal Closed-End Funds
--------------------------
Dates:
Declaration - 9/1/06 Ex-Date - 9/13/06
Record Date - 9/15/06 Payable Date - 10/2/06
Amounts:
Change From
Trust Ticker Dividend Prior
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, the trusts noted
posted a Section 19 notice to the 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.
+ The tax characteristics of the distributions will be determined
after the completion of the trust's tax year. In January 2007,
shareholders will receive a Form 1099-DIV which will reflect the
amount of income, capital gain and return of capital paid by the
trust that is taxable in calendar year 2006 and reportable on your
2006 federal and other income tax returns.
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 June: see month. 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 Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). 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 Subject to change; dependent upon or granted based on the occurrence of a future, uncertain event. A conditional payment is the payment of a debt or obligation contingent upon the performance of a certain specified act. 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 reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. 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 hos·til·i·ty n. pl. hos·til·i·ties 1. The state of being hostile; antagonism or enmity. See Synonyms at enmity. 2. a. A hostile act. b. hostilities Acts of war; overt warfare. , 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 See .gov and GovNet. (networking) gov - The top-level domain for US government bodies. 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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