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Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions


  • Press Release
  • Source: BlackRock Closed-End Funds
  • On 6:05 pm EDT, Wednesday September 30, 2009

NEW YORK--(BUSINESS WIRE)--Today, BlackRock Real Asset Equity Trust (NYSE: BCF - News), BlackRock Enhanced Dividend AchieversTM Trust (NYSE: BDJ - News), BlackRock Strategic Dividend AchieversTM Trust (NYSE: BDT - News), BlackRock Dividend AchieversTM Trust (NYSE: BDV - News), BlackRock Energy and Resources Trust (NYSE: BGR - News), BlackRock International Growth and Income Trust (NYSE: BGY - News), BlackRock Health Sciences Trust (NYSE: BME - News), BlackRock EcoSolutions Investment Trust (NYSE: BQR - News), BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII - News), BlackRock Preferred & Equity Advantage Trust (NYSE: BTZ - News) and BlackRock Enhanced Government Fund, Inc. (NYSE: EGF - News) (collectively, the “Funds”) paid the following dividends per share:

Fund     Pay Date     Per Share
BCF     September 30, 2009     $0.271800
BDJ     September 30, 2009     $0.245000
BDT     September 30, 2009     $0.162500
BDV     September 30, 2009     $0.162500
BGR     September 30, 2009     $0.405000
BGY     September 30, 2009     $0.455100
BME     September 30, 2009     $0.384375
BQR     September 30, 2009     $0.300000
CII     September 30, 2009     $0.485000
BTZ     September 30, 2009     $0.100000
EGF     September 30, 2009     $0.105000

Related Quotes

SymbolPriceChange
BCF12.31-0.04
Chart for BLACKROCK REAL ASSE
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Each of the Funds 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 Fund’s Board. Under its Plan, each Fund 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 Funds will distribute long-term capital gains and or return capital to their shareholders in order to maintain a level distribution.

The Funds’ estimated sources of the distributions paid this month and for their current fiscal years are as follows:

 
Estimated Allocations as of September 30, 2009    
Fund     Distribution    

Net Investment
Income

   

Net Realized
Short-Term Gains

   

Net Realized
Long-Term Gains

  Return of Capital
BCF1     $0.271800     $0.011700 (4%)     $0.00 (0%)     $0.00 (0%)   $0.260100 (96%)
BDJ1     $0.245000     $0.048799 (20%)     $0.00 (0%)     $0.00 (0%)   $0.196201 (80%)
BDT1     $0.162500     $0.078300 (48%)     $0.00 (0%)     $0.00 (0%)   $0.084200 (52%)
BDV1     $0.162500     $0.061300 (38%)     $0.00 (0%)     $0.00 (0%)   $0.101200 (62%)
BGR1     $0.405000     $0.012000 (3%)     $0.172000 (42%)     $0.00 (0%)   $0.221000 (55%)
BGY1     $0.455100     $0.036300 (8%)     $0.00 (0%)     $0.00 (0%)   $0.418800 (92%)
BME1     $0.384375     $0.00 (0%)     $0.00 (0%)     $0.00 (0%)   $0.384375 (100%)
BQR1     $0.300000     $0.008800 (3%)     $0.00 (0%)     $0.00 (0%)   $0.291200 (97%)
CII1     $0.485000     $0.030000 (6%)     $0.00 (0%)     $0.00 (0%)   $0.455000 (94%)
BTZ1     $0.100000     $0.087200 (87%)     $0.00 (0%)     $0.00 (0%)   $0.012800 (13%)
EGF     $0.105000     $0.052900 (50%)     $0.00 (0%)     $0.052100 (50%)   $0.00 (0%)
               
Estimated Allocations for the fiscal year through September 30, 2009    
Fund     Distribution    

Net Investment
Income

   

Net Realized
Short-Term Gains

   

Net Realized
Long-Term Gains

  Return of Capital
BCF1     $1.087200     $0.086000 (8%)     $0.00 (0%)     $0.00 (0%)   $1.001200 (92%)
BDJ1     $1.161875     $0.239158 (21%)     $0.00 (0%)     $0.00 (0%)   $0.922717 (79%)
BDT1     $0.650000     $0.318100 (49%)     $0.00 (0%)     $0.00 (0%)   $0.331900 (51%)
BDV1     $0.650000     $0.285900 (44%)     $0.00 (0%)     $0.00 (0%)   $0.364100 (56%)
BGR1     $1.620000     $0.238000 (15%)     $0.572000 (35%)     $0.00 (0%)   $0.810000 (50%)
BGY1     $1.820400     $0.266600 (15%)     $0.00 (0%)     $0.00 (0%)   $1.553800 (85%)
BME1     $1.708744     $0.052841 (3%)     $0.538862 (32%)     $0.00 (0%)   $1.117041 (65%)
BQR1     $1.500000     $0.155400 (10%)     $0.00 (0%)     $0.00 (0%)   $1.344600 (90%)
CII1     $1.940000     $0.329000 (17%)     $0.00 (0%)     $0.00 (0%)   $1.611000 (83%)
BTZ1     $1.310000     $0.887000 (68%)     $0.00 (0%)     $0.00 (0%)   $0.423000 (32%)
EGF     $0.840000     $0.787900 (94%)     $0.00 (0%)     $0.052100 (6%)   $0.00 (0%)

1The Funds 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 Fund'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 Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds 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.

Fund Performance and Distribution Rate Information:
Fund    

Average annual
total return (in
relation to NAV)
from inception to
August 31, 2009

   

Current fiscal period's
annualized
distribution rate as a
percentage of NAV as
of August 31, 2009

   

Cumulative total
return (in relation to
NAV) for the fiscal year
through August 31,
2009

   

Cumulative fiscal year
distribution rate
expressed as a
percentage of NAV as
of August 31, 2009

BCF     0.73%     9.68%     31.76%     7.26%
BDJ     (3.78)%     11.97%     (3.78)%     11.20%
BDT     (0.83)% *     6.61%     (1.72)%     4.95%
BDV     (2.66)% *     7.16%     (6.18)%     5.37%
BGR     7.35%     7.25%     15.76%     5.44%
BGY     (10.22)%     16.37%     23.61%     12.28%
BME     9.34%     6.02%     15.09%     5.19%
BQR     (16.14)%     11.06%     19.63%     11.06%
CII     4.22% *     13.18%     20.71%     9.88%
BTZ     (12.82)%     10.13%     29.91%     10.21%
EGF     4.35%     7.46%     10.13%     4.35%
    * Five year total return (in relation to NAV) as of August 31, 2009

Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Fund’s Plan.

About BlackRock

BlackRock is one of the world’s largest publicly traded investment management firms. At June 30, 2009, BlackRock’s assets under management were $1.373 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 Fund, 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 Fund’s net asset value; (2) the performance of the Fund’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 Fund 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 Funds 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 Funds. The information contained on our website is not a part of this press release.

Contact:

BlackRock Closed-End Funds
1-800-882-0052

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