Today, BlackRock Real Asset Equity Trust (NYSE: BCF), BlackRock
Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock
Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Strategic
Equity Dividend Trust (NYSE: BDT), BlackRock Equity Dividend Trust
(NYSE: BDV), BlackRock Energy and Resources Trust (NYSE: BGR),
BlackRock International Growth and Income Trust (NYSE: BGY),
BlackRock Health Sciences Trust (NYSE: BME), BlackRock EcoSolutions
Investment Trust (NYSE: BQR), BlackRock S&P Quality Rankings
Global Equity Managed Trust (NYSE AMEX:BQY) and BlackRock Enhanced
Capital and Income Fund, Inc. (NYSE: CII) (collectively, the
“Funds”) paid the following dividends per share:
Fund Pay Date Per Share
BCF December 30, 2011
$0.271800 BCX December 30, 2011
$0.350000 BDJ December 30, 2011
$0.170000 BDT December 30, 2011
$0.162500 BDV December
30, 2011 $0.162500 BGR
December 30, 2011 $0.553000 BGY
December 30, 2011 $0.340000 BME
December 30, 2011 $1.347375 BQR
December 30, 2011
$0.235000 BQY December 30, 2011
$0.270000 CII December 30, 2011
$0.360000
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 of Trustees. 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. 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 December 30, 2011
Net Investment Net Realized
Net Realized Fund Distribution
Income Short-Term Gains
Long-Term Gains Return of Capital BCF1
$0.271800 $0.022108 (8%) $0.135224
(50%) $0.024893 (9%) $0.089575 (33%)
BCX1 $0.350000 $0.026064 (7%)
$0 (0%) $0 (0%) $0.323936 (93%)
BDJ1 $0.170000 $0.043753 (26%)
$0 (0%) $0 (0%) $0.126247 (74%)
BDT1 $0.162500 $0.059501 (37%)
$0 (0%) $0 (0%) $0.102999 (63%)
BDV1 $0.162500 $0.066859 (41%)
$0 (0%) $0 (0%) $0.095641 (59%)
BGR1 $0.553000 $0.021416 (4%)
$0.148000 (27%) $0 (0%)
$0.383584 (69%) BGY1 $0.340000
$0.028827 (8%) $0 (0%) $0 (0%)
$0.311173 (92%) BME $1.347375
$0.009705 (1%) $0.963000 (71%)
$0.374670 (28%) $0 (0%) BQR1 $0.235000
$0.016853 (7%) $0 (0%) $0
(0%) $0.218147 (93%) BQY $0.270000
$0 (0%) $0.270000 (100%)
$0 (0%) $0 (0%) CII1 $0.360000
$0.073142 (20%) $0 (0%) $0 (0%)
$0.286858 (80%)
Estimated Allocations for
the fiscal year through December 30, 2011
Net Investment Net Realized Net
Realized Fund Distribution
Income Short-Term Gains
Long-Term Gains Return of Capital BCF1
$0.271800 $0.022108 (8%) $0.135224
(50%) $0.024893 (9%) $0.089575 (33%)
BCX1 $0.350000 $0.026064 (7%)
$0 (0%) $0 (0%) $0.323936 (93%)
BDJ1 $0.170000 $0.043753 (26%)
$0 (0%) $0 (0%) $0.126247 (74%)
BDT1 $0.162500 $0.059501 (37%)
$0 (0%) $0 (0%) $0.102999 (63%)
BDV1 $0.162500 $0.066859 (41%)
$0 (0%) $0 (0%) $0.095641 (59%)
BGR1 $0.553000 $0.021416 (4%)
$0.148000 (27%) $0 (0%)
$0.383584 (69%) BGY1 $0.340000
$0.028827 (8%) $0 (0%) $0 (0%)
$0.311173 (92%) BME $1.347375
$0.009705 (1%) $0.963000 (71%)
$0.374670 (28%) $0 (0%) BQR1 $0.235000
$0.016853 (7%) $0 (0%) $0
(0%) $0.218147 (93%) BQY $0.270000
$0 (0%) $0.270000 (100%)
$0 (0%) $0 (0%) CII1 $0.360000
$0.073142 (20%) $0 (0%) $0 (0%)
$0.286858 (80%)
1The Fund estimates that it has distributed more than its 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 Fund 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:
Average annual
total return (in Annualized current Cumulative
total Cumulative fiscal relation to NAV) distribution rate return
(in relation year distributions for the 5-year expressed as a to
NAV) for the as a percentage of period ending on percentage of NAV
as fiscal year through NAV as of Fund 11/30/2011
of 11/30/2011 11/30/2011
11/30/2011 BCF 4.27% 8.74%
(0.08)% 2.18% BCX * (12.42)%
8.38% (0.77)% 2.10% BDJ
(1.13)% 8.40% 0.87%
2.10% BDT (0.44)% 5.73%
0.80% 1.43% BDV (1.87)%
6.37% 0.69% 1.59% BGR
6.68% 7.75% 0.74%
1.94% BGY * (3.67)% 15.81%
(1.38)% 3.95% BME 6.93%
20.24% (0.07)% 5.06% BQR
* (5.98)% 10.22% (1.81)%
2.55% BQY 0.02% 8.11%
(0.25)% 1.88% CII 2.94%
10.28% 1.01% 2.57%
* Portfolio launched within the past 5 years; this represents
the average annual total return (in relation to NAV) from inception
to 11/30/2011.
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 a leader in investment management, risk management
and advisory services for institutional and retail clients
worldwide. At September 30, 2011, BlackRock’s AUM was $3.345
trillion. BlackRock offers products that span the risk spectrum to
meet clients’ needs, including active, enhanced and index
strategies across markets and asset classes. Products are offered
in a variety of structures including separate accounts, mutual
funds, iShares® (exchange-traded funds), and other pooled
investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base
of institutional investors through BlackRock Solutions®.
Headquartered in New York City, as of September 30, 2011, the firm
had approximately 10,200 employees in 27 countries and a major
presence in key global markets, including North and South America,
Europe, Asia, Australia and the Middle East and Africa. 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 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 a Fund 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) BlackRock’s
success in maintaining secondary market support for the Funds; (11)
the impact of BlackRock electing to provide support to its products
from time to time; (12) the impact of problems at other financial
institutions or the failure or negative performance of products at
other financial institutions; and (13) the ability of BlackRock to
integrate the operations of Barclays Global Investors.
The 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 our website is not a part of this press release.
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