Dividend Dates and Distribution Amounts Announced for Certain BlackRock Closed-End Funds

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Several of the municipal Funds announced dividend increases. These dividend increases were made in order to better align the Funds with their current earnings rates in light of each fund’s earnings potential and level of undistributed net investment income.

Additionally, several of the taxable Funds announced dividend reductions. With respect to BlackRock Floating Rate Income Trust (NYSE:BGT), BlackRock Defined Opportunity Credit Trust (NYSE:BHL), BlackRock Limited Duration Income Trust (NYSE:BLW), BlackRock Diversified Income Strategies Fund (NYSE:DVF), BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) and BlackRock Floating Rate Income Strategies Fund II (NYSE:FRB), these dividend reductions take into account each Fund’s earnings potential and the decreasing interest rates on floating rate securities held by the Funds.

With respect to BlackRock Corporate High Yield Fund III (NYSE:CYE), BlackRock Corporate High Yield Fund V (NYSE: HYV), BlackRock Corporate High Yield Fund VI (NYSE: HYT), BlackRock High Income Shares (NYSE:HIS), BlackRock Preferred Opportunity Trust (NYSE:BPP), BlackRock Preferred & Equity Advantage Trust (NYSE:BTZ), BlackRock Preferred Income Strategies Fund (NYSE:PSY) and BlackRock Preferred & Corporate Income Strategies Fund (NYSE:PSW), these dividend reductions take into account each Fund’s earnings potential and net asset value decline in light of the current market environment for high yield bonds and preferred stock.

Details are as follows:

Municipal Funds:
Declaration- 6/1/2009		Ex-Date- 6/11/2009		Record- 6/15/2009		Payable- 7/1/2009

National Funds				Ticker		Dividend		Change From Prior Month
BlackRock Apex Municipal Fund, Inc.				APX		$0.046500		-
BlackRock Insured Municipal Income Trust				BYM		$0.068500		$0.007500
BlackRock Insured Municipal Income Investment Trust				BAF		$0.0655000		$0.007500
BlackRock Investment Quality Municipal Income Trust				RFA		$0.057000		$0.012500
BlackRock Long-Term Municipal Advantage Trust				BTA		$0.055000		-
BlackRock Muni Intermediate Duration Fund, Inc.				MUI		$0.065500		$0.007500
BlackRock MuniAssets Fund, Inc.				MUA		$0.067500		-
BlackRock Municipal 2018 Term Trust				BPK		$0.078000		$0.002500
BlackRock Municipal 2020 Term Trust				BKK		$0.062250		-
BlackRock Municipal Bond Trust				BBK		$0.085000		$0.012500
BlackRock Municipal Bond Investment Trust				BIE		$0.073800		$0.005000
BlackRock Municipal Income Trust				BFK		$0.078600		$0.010000
BlackRock Municipal Income Trust II				BLE		$0.081000		$0.015000
BlackRock Municipal Income Investment Trust				BBF		$0.075375		$0.002500
BlackRock MuniEnhanced Fund, Inc.				MEN		$0.050500		$0.007500
BlackRock MuniHoldings Fund II, Inc.				MUH		$0.075500		$0.012500
BlackRock MuniHoldings Fund, Inc.				MHD		$0.083500		$0.012500
BlackRock MuniHoldings Insured Fund II, Inc.				MUE		$0.067500		$0.017500
BlackRock MuniHoldings Insured Fund, Inc.				MUS		$0.066000		$0.017500
BlackRock MuniHoldings Insured Investment Fund				MFL		$0.068000		$0.012500
BlackRock MuniVest Fund II, Inc.				MVT		$0.083500		$0.012500
BlackRock MuniVest Fund, Inc.				MVF		$0.050500		$0.007500
BlackRock MuniYield Fund, Inc.				MYD		$0.069000		$0.005000
BlackRock MuniYield Insured Fund, Inc.				MYI		$0.061000		$0.005000
BlackRock MuniYield Insured Investment Fund				MFT		$0.066000		$0.012500
BlackRock MuniYield Investment Fund				MYF		$0.058000		-
BlackRock MuniYield Quality Fund II, Inc.				MQT		$0.057500		$0.007500
BlackRock MuniYield Quality Fund, Inc.				MQY		$0.067000		$0.010000
The BlackRock Investment Quality Municipal Trust, Inc.				BKN		$0.075500		$0.012500
The BlackRock Strategic Municipal Trust				BSD		$0.070000		$0.007500

State-Specific Funds						Ticker		Dividend		Change From Prior Month
BlackRock California Insured Municipal Income Trust						BCK		$0.066000		$0.010000
BlackRock California Municipal 2018 Term Trust						BJZ		$0.072000		$0.010750
BlackRock California Municipal Bond Trust						BZA		$0.077000		$0.015000
BlackRock California Municipal Income Trust						BFZ		$0.075700		$0.007500
BlackRock California Municipal Income Trust II						BCL		$0.074500		$0.017500
BlackRock MuniHoldings California Insured Fund, Inc.						MUC		$0.063000		$0.010000
BlackRock MuniYield California Fund, Inc.						MYC		$0.067500		$0.012500
BlackRock MuniYield California Insured Fund, Inc.						MCA		$0.061000		$0.007500
The BlackRock California Investment Quality Municipal Trust, Inc.						RAA		$0.051500		$0.005000
BlackRock Florida Municipal 2020 Term Trust, Inc.						BFO		$0.056000		$0.005000
BlackRock Maryland Municipal Bond Trust						BZM		$0.067900		$0.002500
BlackRock Muni New York Intermediate Duration Fund, Inc.						MNE		$0.055500		$0.002500
BlackRock MuniHoldings New York Insured Fund, Inc.						MHN		$0.065500		$0.012500
BlackRock MuniYield New York Insured Fund, Inc.						MYN		$0.052500		-
BlackRock New York Insured Municipal Income Trust						BSE		$0.065500		$0.007500
BlackRock New York Municipal 2018 Term Trust, Inc.						BLH		$0.079000		$0.010250
BlackRock New York Municipal Bond Trust						BQH		$0.078000		$0.010000
BlackRock New York Municipal Income Trust						BNY		$0.080000		$0.004661
BlackRock New York Municipal Income Trust II						BFY		$0.077500		$0.015000
The BlackRock New York Investment Quality Municipal Trust, Inc.						RNY		$0.068200		$0.010000
BlackRock MuniHoldings New Jersey Insured Fund, Inc.						MUJ		$0.065500		$0.012500
BlackRock MuniYield New Jersey Fund, Inc.						MYJ		$0.070500		$0.012500
BlackRock MuniYield New Jersey Insured Fund, Inc.						MJI		$0.064000		$0.010000
BlackRock New Jersey Municipal Bond Trust						BLJ		$0.075500		$0.005000
BlackRock New Jersey Municipal Income Trust						BNJ		$0.077600		-
The BlackRock New Jersey Investment Quality Municipal Trust						RNJ		$0.061400		$0.010000
BlackRock MuniYield Arizona Fund, Inc.						MZA		$0.067000		$0.010000
BlackRock MuniYield Michigan Insured Fund II, Inc.						MYM		$0.066500		$0.012500
BlackRock MuniYield Michigan Insured Fund, Inc.						MIY		$0.066500		$0.012500
BlackRock MuniYield Pennsylvania Insured Fund						MPA		$0.065500		$0.012500
The BlackRock Pennsylvania Strategic Municipal Trust						BPS		$0.050000		$0.005000
BlackRock Virginia Municipal Bond Trust						BHV		$0.080000		$0.007572
Massachusetts Health & Education Tax-Exempt Trust						MHE		$0.059000		$0.010000

Taxable Funds:
Declaration- 6/1/2009		Ex-Date- 6/11/2009		Record- 6/15/2009		Payable- 6/30/2009

Fund						Ticker		Dividend		Change From Prior Dividend
BlackRock Senior High Income Fund, Inc.						ARK		$0.025000		-
BlackRock Floating Rate Income Trust*						BGT		$0.075000		-$0.025000
BlackRock Strategic Bond Trust						BHD		$0.069500		-
BlackRock Core Bond Trust						BHK		$0.062000		-
BlackRock Defined Opportunity Credit Trust*						BHL		$0.060000		-$0.022500
The BlackRock High Yield Trust						BHY		$0.043500		-
The BlackRock Income Trust, Inc.						BKT		$0.024000		-
BlackRock Limited Duration Income Trust*						BLW		$0.082500		-$0.007500
BlackRock Income Opportunity Trust, Inc.						BNA		$0.051000		-
BlackRock Preferred Opportunity Trust*						BPP		$0.072500		-$0.032500
BlackRock Preferred and Equity Advantage Trust*						BTZ		$0.100000		-$0.030000
BlackRock Corporate High Yield Fund, Inc.						COY		$0.061000		-
BlackRock Corporate High Yield Fund III, Inc.						CYE		$0.055000		-$0.005000
BlackRock Debt Strategies Fund, Inc.*						DSU		$0.035500		-
BlackRock Diversified Income Strategies Fund, Inc.*						DVF		$0.087500		-$0.027500
BlackRock Enhanced Government Fund, Inc.*						EGF		$0.105000		-
BlackRock Floating Rate Income Strategies Fund, Inc.*						FRA		$0.089835		-$0.015000
BlackRock Floating Rate Income Strategies Fund II, Inc.						FRB		$0.093350		-$0.010000
BlackRock High Income Shares						HIS		$0.013200		-$0.005000
BlackRock Corporate High Yield Fund VI, Inc.						HYT		$0.087500		-$0.012500
BlackRock Corporate High Yield Fund V, Inc.						HYV		$0.087500		-$0.012500
BlackRock Preferred and Corporate Income Strategies Fund, Inc.*						PSW		$0.060000		-$0.020800
BlackRock Preferred Income Strategies Fund, Inc.*						PSY		$0.075000		-$0.019583

Equity Funds:
Declaration- 6/1/2009		Ex-Date- 6/11/2009		Record- 6/15/2009		Payable- 6/30/2009

Fund						Ticker		Dividend		Change From Prior Dividend
BlackRock Dividend AchieversTM Trust*						BDV		$0.162500		-
BlackRock EcoSolutions Investment Trust*						BQR		$0.400000		-
BlackRock Enhanced Capital and Income Fund, Inc.*						CII		$0.485000		-
BlackRock Enhanced Dividend Achievers*						BDJ		$0.305625		-
BlackRock Energy and Resources Trust*						BGR		$0.405000		-
BlackRock Health Sciences Trust*						BME		$0.384375		-
BlackRock International Growth and Income Trust*						BGY		$0.455100		-
BlackRock Real Asset Equity Trust*						BCF		$0.271800		-
BlackRock Strategic Dividend AchieversTM Trust*						BDT		$0.162500		-
BlackRock World Investment Trust*						BWC		$0.341250		-

*In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended, each of the Funds noted above posted to the DTC bulletin board and sent to their shareholders as of the applicable record date a Section 19 notice with the previous dividend payment. The Section 19 notice was provided not for tax reporting purposes but for informational purposes only. This information can be found in the “Closed-End Funds” section of www.blackrock.com. If applicable, the final determination of the source and tax characteristics of all distributions in 2009 will be made after the end of the year.

The BlackRock Dividend Achievers^TM Trust (NYSE:BDV), BlackRock EcoSolutions Investment Trust (NYSE:BQR), BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII), BlackRock Enhanced Dividend Achievers (NYSE:BDJ), BlackRock Energy and Resources Trust (NYSE:BGR), BlackRock Health Sciences Trust (NYSE:BME), BlackRock International Growth and Income Trust (NYSE:BGY), BlackRock Real Asset Equity Trust (NYSE:BCF), BlackRock Strategic Dividend Achievers^TM Trust (NYSE: BDT), BlackRock World Investment Trust (NYSE:BWC), BlackRock Preferred and Equity Advantage Trust (NYSE: BTZ) and BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) (collectively, the “Trusts”) have adopted a level distribution plan (the “Plan”) and employ 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 Trust’s Board. Under its Plan, each Trust 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 Trusts will distribute long-term capital gains and or return of capital to their shareholders in order to maintain a level distribution.

The Trusts’ estimated sources of the distributions paid as of March 31, 2009 and for their current fiscal year are as follows:

Estimated Allocations:
Trust		Period		Distribution		Net Investment Income		Net Realized Short-Term Gains		Net Realized Long-Term Gains		Return of Capital
BDV1		March 31, 2009		$0.162500		$0.097300 (60%)		$0.000000 (0%)		$0.000000 (0%)		$0.065200 (40%)
BQR1		March 31, 2009		$0.400000		$0.087800 (22%)		$0.000000 (0%)		$0.000000 (0%)		$0.312200 (78%)
CII1		March 31, 2009		$0.485000		$0.141367 (29%)		$0.000000 (0%)		$0.000000 (0%)		$0.343633 (71%)
BDJ1		March 31, 2009		$0.305625		$0.085241 (28%)		$0.000000 (0%)		$0.000000 (0%)		$0.220384 (72%)
BGR1		March 31, 2009		$0.405000		$0.157000 (39%)		$0.182000 (45%)		$0.000000 (0%)		$0.066000 (16%)
BME1		March 31, 2009		$0.384375		$0.016363 (4%)		$0.000000 (0%)		$0.000000 (0%)		$0.368012 (96%)
BGY1		March 31, 2009		$0.455100		$0.031100 (7%)		$0.000000 (0%)		$0.000000 (0%)		$0.424000 (93%)
BCF1		March 31, 2009		$0.271800		$0.046900 (17%)		$0.000000 (0%)		$0.000000 (0%)		$0.224900 (83%)
BDT1		March 31, 2009		$0.162500		$0.078300 (48%)		$0.000000 (0%)		$0.000000 (0%)		$0.084200 (52%)
BWC1		March 31, 2009		$0.341250		$0.051220 (15%)		$0.000000 (0%)		$0.000000 (0%)		$0.290030 (85%)
BTZ1		May 31, 2009		$0.130000		$0.085798 (66%)		$0.000000 (0%)		$0.000000 (0%)		$0.044202 (34%)
EGF		May 31, 2009		$0.105000		$0.10500 (100%)		$0.000000 (0%)		$0.000000 (0%)		$0.000000 (0%)

Estimated Allocations:
Trust		Period (Fiscal YTD)		Distribution		Net Investment Income		Net Realized Short-Term Gains		Net Realized Long-Term Gains		Return of Capital
BDV1		YTD as of March 31, 2009		$0.325000		$0.161000 (50%)		$0.000000 (0%)		$0.000000 (0%)		$0.164000 (50%)
BQR1		YTD as of March 31, 2009		$0.800000		$0.107000 (13%)		$0.000000 (0%)		$0.000000 (0%)		$0.693000 (87%)
CII1		YTD as of March 31, 2009		$0.970000		$0.188730 (19%)		$0.000000 (0%)		$0.000000 (0%)		$0.781270 (81%)
BDJ1		YTD as of March 31, 2009		$0.611250		$0.139869 (23%)		$0.000000 (0%)		$0.000000 (0%)		$0.471381 (77%)
BGR1		YTD as of March 31, 2009		$0.810000		$0.192000 (24%)		$0.227000 (28%)		$0.000000 (0%)		$0.391000 (48%)
BME1		YTD as of March 31, 2009		$0.939994		$0.021645 (2%)		$0.538862 (58%)		$0.000000 (0%)		$0.379487 (40%)
BGY1		YTD as of March 31, 2009		$0.910200		$0.081100 (9%)		$0.000000 (0%)		$0.000000 (0%)		$0.829100 (91%)
BCF1		YTD as of March 31, 2009		$0.543600		$0.061100 (11%)		$0.000000 (0%)		$0.000000 (0%)		$0.482500 (89%)
BDT1		YTD as of March 31, 2009		$0.325000		$0.159900 (49%)		$0.000000 (0%)		$0.000000 (0%)		$0.165100 (51%)
BWC1		YTD as of March 31, 2009		$0.682500		$0.092260 (14%)		$0.000000 (0%)		$0.000000 (0%)		$0.590240 (86%)
BTZ1		YTD as of May 31, 2009		$0.910000		$0.610000 (67%)		$0.000000 (0%)		$0.000000 (0%)		$0.300000 (33%)
EGF		YTD as of May 31, 2009		$0.420000		$0.42000 (100%)		$0.000000 (0%)		$0.000000 (0%)		$0.000000 (0%)

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

Trust Performance and Distribution Rate Information:
Trust		Average annual total return (in relation to NAV) from inception to April 30, 2009		Current fiscal period's annualized distribution rate as a percentage of NAV as of April 30, 2009		Cumulative total return (in relation to NAV) for the fiscal year through April 30, 2009		Cumulative fiscal year distribution rate expressed as a percentage of NAV as of April 30, 2009
BDV		(3.74)%		7.99%		(17.74)%		3.99%
BQR		(26.09)%		16.36%		3.86%		8.14%
CII		1.55%		14.99%		2.12%		7.50%
BDJ		(7.23)%		16.20%		(14.73)%		8.10%
BGR		3.01%		8.70%		(5.52)%		4.35%
BME		5.73%		6.99%		(2.61)%		4.27%
BGY		(20.00)%		18.87%		2.68%		9.47%
BCF		(7.44)%		11.71%		5.64%		5.85%
BDT		(2.41)%		7.23%		(12.15)%		3.62%
BWC		0.53%		13.82%		(0.62)%		6.91%
BTZ		(26.50)%		17.98%		(8.73)%		8.99%
EGF		3.21%		7.67%		4.48%		1.92%

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

About BlackRock

BlackRock is one of the world’s largest publicly traded investment management firms. At March 31, 2009, BlackRock’s assets under management were $1.283 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. Headquartered in New York City, as of March 31, 2009, the firm has approximately 5,200 employees in 21 countries and a major presence in key global markets, including the U.S., Europe, Asia, Australia and the Middle East. For additional information, please visit the firm’s web site 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; and (6) BlackRock’s ability to attract and retain highly talented professionals.

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.