• Overview
  Quotes Prices Key Stats News Press Releases Sentiment
• Charts
  Chart Technicals
• Company
  Splits Dividends Recommendations Price Target Insider Trades Holders Peers Filings Notes due Fail to deliver ESG Score Executive Compensation Profile
• Earnings
  Price Reaction Earnings Estimates Trends Call Transcripts
• Financials
  Fundamentals DCF Beta
• Analysis
  Up/Down Intra-day Events Performance Recovery Returns Price Distribution Unusual Volume Best Days Data Correlations Seasonality Volatility Trader Stats

Summary

News

05/25 10:37 EST - forbes.com
Weird Circumstance Makes These 8% Dividends An Urgent Buy
It's finally happening: Management fees on our favorite 8%+ paying assets—closed-end funds (CEFs)—are falling. And some are sending their already soaring dividends even higher, too.

05/20 06:00 EST - https://www.businesswire.com
BlackRock Announces Management Fee Waiver for Certain Closed-End Funds
NEW YORK--(BUSINESS WIRE)--The BlackRock closed-end funds (each a “Fund,” and collectively the “Funds”) listed below announced today the implementation of voluntary management fee waivers, effective May 1, 2024. Under the terms of this initiative, BlackRock Advisors, LLC (“BlackRock”) intends to waive management fees if certain conditions, detailed below, are met. In addition, BlackRock will be waiving an additional one-time $2 million in management/advisory fees pro-rata across the Funds. “We believe this fee waiver is a meaningful enhancement to these Funds and will increase tax-exempt income to shareholders, consistent with their investment objective. We will continue to evaluate options for improving our closed-end funds for the benefit of all shareholders, as we work to protect and advance their best interests,” said R. Glenn Hubbard, Chair of the Board of BlackRock Closed-End Funds. BlackRock Closed-End Funds Implementing a Voluntary Management Fee Waiver Fund Name Ticker BlackRock MuniHoldings California Quality Fund, Inc. MUC BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ BlackRock MuniHoldings New York Quality Fund, Inc. MHN BlackRock MuniHoldings Fund, Inc. MHD BlackRock MuniHoldings Quality Fund II, Inc. MUE BlackRock MuniAssets Fund, Inc. MUA BlackRock Investment Quality Municipal Trust, Inc. BKN BlackRock MuniYield Fund, Inc. MYD BlackRock MuniYield Quality Fund III, Inc. MYI BlackRock MuniYield New York Quality Fund, Inc. MYN BlackRock MuniYield Quality Fund, Inc. MQY BlackRock MuniYield Quality Fund II, Inc. MQT BlackRock MuniYield Michigan Quality Fund, Inc. MIY BlackRock MuniYield Pennsylvania Quality Fund MPA BlackRock MuniVest Fund II, Inc. MVT BlackRock MuniVest Fund, Inc. MVF BlackRock Municipal Income Fund, Inc. MUI BlackRock Municipal Income Trust BFK BlackRock Municipal Income Trust II BLE BlackRock Municipal Income Quality Trust BYM BlackRock California Municipal Income Trust BFZ BlackRock New York Municipal Income Trust BNY BlackRock Virginia Municipal Bond Trust BHV BlackRock Long-Term Municipal Advantage Trust BTA With respect to each Fund, if the monthly dividend on preferred shares (VRDP or VMTP) exceeds the calculated value1 of the Fund’s gross monthly income attributable to investments from the proceeds of the preferred shares, then BlackRock will waive the management fee payable to BlackRock charged on preferred share assets.2 About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate Availability of Fund Updates BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s or 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 the Funds 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, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics 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) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. 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 BlackRock’s website is not a part of this press release. 1 Determined by multiplying the Fund’s gross monthly income by the ratio of (i) the liquidation preference of any outstanding preferred shares to (ii) total assets of the Fund minus the sum of its accrued liabilities (which does not include liabilities represented by TOB Trusts and the liquidation preference of any outstanding preferred shares. 2 The voluntary waivers may be reduced or discontinued at any time without notice.

03/01 16:30 EST - businesswire.com
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 3/1/2024   Ex-Date- 3/14/2024   Record- 3/15/2024   Payable- 4/1/2024 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust* BYM $0.052500 - BlackRock Long-Term Municipal Advantage Trust* BTA $0.043500 - BlackRock MuniAssets Fund, Inc.* MUA $0.055500 - BlackRock Municipal Income Fund, Inc.

07/28 09:22 EST - seekingalpha.com
MUC: When Discounts Aren't Enough (Rating Downgrade)
The BlackRock MuniHoldings California Quality Fund is evaluated as an investment option at its current market price. The fund offers broad-muni exposure specific to California, making it a good option for residents of the state under the right circumstances. The income story is quite negative in the short term, which makes me cautious on new positions right now.

06/02 08:00 EST - seekingalpha.com
MUC Vs. NAC: Comparing California Quality Muni Funds
The BlackRock MuniHoldings California Quality Fund invests primarily in a portfolio of long-term investment-grade municipal obligations, the interest on which is exempt from Federal and California income taxes. The Nuveen California Quality Municipal Income Fund invests in undervalued municipal securities that are exempt from regular federal and California income taxes. Both CEFs are reviewed and compared. Which has done better for investors has changed based on periods reviewed.

04/14 16:30 EST - businesswire.com
CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update
NEW YORK--(BUSINESS WIRE)--Please replace the release dated April 11, 2023, with the following corrected version due to changes in the table, "Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023". The updated release reads: BLACKROCK CLOSED-END FUND SHARE REPURCHASE PROGRAM UPDATE BlackRock Advisors, LLC (“BlackRock”) released today share repurchase activity for certain BlackRock-advised closed-end funds (the “Funds”) during the quarter ended March 31, 2023. The Funds have authorized open market share repurchase programs (the “Repurchase Programs”) pursuant to which each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares in open market transactions. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value (“NAV”) per share, which could result in incremental accretion to a Fund’s NAV. Below is a summary of share repurchase activity over this past quarter and since the inception of each Fund’s Repurchase Program: Summary of share repurchase activity during the most recent calendar quarter ended March 31, 2023: Fund Name Ticker Number of Shares Repurchased Total Amount of Shares Repurchased Total Amount of NAV Accretion Average Discount on Days Repurchased BlackRock Energy and Resources Trust BGR 115,340 $1,503,284 $183,604 -11.0% BlackRock Enhanced Global Dividend Trust BOE 154,883 $1,504,183 $220,829 -13.1% BlackRock Enhanced International Dividend Trust BGY 705,341 $3,795,236 $529,887 -12.7% BlackRock Health Sciences Term Trust BMEZ 1,249,867 $20,361,376 $3,428,666 -14.6% BlackRock Science and Technology Term Trust BSTZ 790,769 $13,820,656 $2,364,926 -14.5% BlackRock Innovation and Growth Term Trust BIGZ 2,756,968 $20,553,458 $5,206,390 -20.2% BlackRock Resources & Commodities Strategy Trust BCX 911,703 $9,093,513 $1,185,440 -12.0% BlackRock Floating Rate Income Trust BGT 55,022 $624,592 $74,337 -10.8% BlackRock California Municipal Income Trust BFZ 268,657 $3,046,545 $450,492 -13.0% BlackRock MuniHoldings California Quality Fund, Inc. MUC 872,876 $9,758,699 $1,397,529 -12.9% BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ 428,177 $4,960,219 $679,838 -12.7% BlackRock MuniYield Michigan Quality Fund, Inc. MIY 90,280 $1,023,673 $148,720 -13.2% BlackRock MuniYield Pennsylvania Quality Fund MPA 108,177 $1,238,483 $187,682 -13.2% BlackRock New York Municipal Income Trust BNY 44,226 $465,951 $69,125 -13.3% BlackRock MuniHoldings New York Quality Fund, Inc. MHN 157,347 $1,671,582 $236,992 -12.8% BlackRock MuniYield New York Quality Fund, Inc. MYN 225,612 $2,304,892 $337,734 -13.1% BlackRock MuniVest Fund, Inc. MVF 231,970 $1,593,264 $215,807 -12.4% BlackRock MuniVest Fund II, Inc. MVT 89,762 $977,901 $128,391 -12.2% BlackRock Municipal Income Fund, Inc. MUI 464,291 $5,464,305 $724,666 -12.0% BlackRock MuniYield Quality Fund II, Inc. MQT 49,797 $525,487 $64,265 -11.7% BlackRock Municipal Income Trust II BLE 206,278 $2,204,488 $289,103 -12.1% BlackRock MuniYield Fund, Inc. MYD 170,001 $1,833,075 $238,776 -12.0% BlackRock Municipal Income Trust BFK 155,108 $1,553,451 $236,329 -13.4% BlackRock MuniYield Quality Fund III, Inc. MYI 74,396 $824,560 $104,972 -11.7% BlackRock MuniHoldings Quality Fund II, Inc. MUE 42,730 $422,477 $63,748 -13.3% BlackRock MuniHoldings Fund, Inc. MHD 123,671 $1,462,915 $206,875 -12.6% Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023: Fund Name Ticker Number of Shares Repurchased Total Amount of Shares Repurchased Total Amount of NAV Accretion Average Discount on Days Repurchased BlackRock Energy and Resources Trust BGR 1,887,923 $18,613,219 $2,579,377 -12.4% BlackRock Enhanced Equity Dividend Trust BDJ 2,974,888 $23,626,347 $2,641,607 -10.1% BlackRock Enhanced Global Dividend Trust BOE 6,898,230 $70,583,788 $9,290,142 -11.9% BlackRock Enhanced International Dividend Trust BGY 7,948,978 $42,255,016 $5,388,182 -11.6% BlackRock Health Sciences Term Trust BMEZ 4,322,603 $68,190,963 $12,585,445 -15.7% BlackRock Science and Technology Term Trust BSTZ 1,252,057 $21,111,478 $4,056,064 -15.7% BlackRock Innovation and Growth Term Trust BIGZ 16,419,435 $159,541,184 $31,534,448 -18.4% BlackRock Capital Allocation Term Trust BCAT 4,390,352 $67,635,655 $11,547,447 -15.5% BlackRock ESG Capital Allocation Term Trust ECAT 3,325,611 $47,257,972 $9,686,105 -17.1% BlackRock Resources & Commodities Strategy Trust BCX 12,453,003 $99,816,357 $14,454,079 -13.1% BlackRock Science and Technology Trust BST 136,367 $2,799,570 $284,111 -9.1% BlackRock Corporate High Yield Fund, Inc. HYT 4,695,612 $48,249,031 $6,328,699 -11.8% BlackRock Credit Allocation Income Trust BTZ 4,222,616 $52,321,626 $7,126,080 -12.1% BlackRock Debt Strategies Fund, Inc. DSU 4,887,450 $54,871,336 $5,651,691 -9.7% BlackRock Floating Rate Income Strategies Fund, Inc. FRA 2,000,291 $24,605,346 $3,520,574 -12.8% BlackRock Floating Rate Income Trust BGT 1,361,673 $15,886,943 $2,250,227 -12.4% BlackRock Income Trust, Inc. BKT 145,423 $854,488 $1,947,718 -8.7% BlackRock Limited Duration Income Trust BLW 1,341,749 $19,494,225 $2,522,574 -11.4% BlackRock Multi-Sector Income Trust BIT 884,028 $14,722,265 $1,722,801 -10.5% BlackRock California Municipal Income Trust BFZ 1,600,917 $18,801,631 $2,986,304 -13.7% BlackRock MuniHoldings California Quality Fund, Inc. MUC 1,277,872 $14,136,604 $2,034,344 -12.9% BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ 488,234 $5,757,038 $805,521 -13.0% BlackRock MuniYield Michigan Quality Fund, Inc. MIY 159,014 $1,910,368 $289,018 -13.5% BlackRock MuniYield Pennsylvania Quality Fund MPA 277,033 $3,222,149 $501,023 -13.2% BlackRock New York Municipal Income Trust BNY 137,102 $1,403,118 $234,883 -12.0% BlackRock MuniHoldings New York Quality Fund, Inc. MHN 411,883 $4,201,213 $622,389 -13.1% BlackRock MuniYield New York Quality Fund, Inc. MYN 566,073 $5,587,232 $832,326 -13.2% BlackRock MuniVest Fund, Inc. MVF 320,688 $2,180,839 $288,856 -12.2% BlackRock MuniVest Fund II, Inc. MVT 89,762 $977,901 $128,391 -12.4% BlackRock Municipal Income Fund, Inc. MUI 464,291 $5,464,305 $724,666 -12.0% BlackRock MuniYield Quality Fund II, Inc. MQT 49,797 $525,487 $64,265 -11.7% BlackRock Municipal Income Trust II BLE 206,278 $2,204,488 $289,103 -12.1% BlackRock MuniYield Fund, Inc. MYD 170,001 $1,833,075 $238,776 -12.0% BlackRock Municipal Income Trust BFK 155,108 $1,553,451 $236,329 -13.4% BlackRock MuniYield Quality Fund III, Inc. MYI 74,396 $824,560 $104,972 -11.7% BlackRock MuniHoldings Quality Fund II, Inc. MUE 42,730 $422,477 $63,748 -13.3% BlackRock MuniHoldings Fund, Inc. MHD 123,671 $1,462,915 $206,875 -12.6% The amount and timing of any repurchases under each Fund’s Repurchase Program will be determined either at the discretion of the Fund’s management or pursuant to predetermined parameters and instructions subject to market conditions. There is no assurance that any Fund will repurchase shares in any particular amounts. A Fund’s repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. Any repurchases made under any Repurchase Program will be made on a national securities exchange at the prevailing market price, subject to exchange requirements and certain volume and timing limitations and other regulations under federal securities laws. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock Availability of Fund Updates BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s or 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 the Funds 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, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics 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) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. 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 BlackRock’s website is not a part of this press release.

04/05 16:30 EST - businesswire.com
BlackRock to Host Municipal Closed-End Fund Update Call on April 6, 2023 at 2:00pm ET
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) will host a conference call on Thursday, April 6, 2023 at 2:00pm ET featuring Sean Carney, Head of Municipal Strategy, and Phil Soccio, Portfolio Manager for the Municipal Fixed Income business. Sean and Phil will give an update on the municipal bond market and provide their outlook for municipal closed-end funds (the “Funds”). Call details: Date Thursday, April 6, 2023 Time 2:00pm ET Dial in 1-323-701-0205 Passcode 584268 Automatic connection by phone Click here to be automatically connected Questions Please send questions to cef@blackrock.com For more information on BlackRock’s closed-end funds, please visit: www.blackrock.com/CEF Investing involves risks, including possible loss of principal. Carefully consider each Fund’s investment objective, risk factors and charges and expenses before investing. This and other information can be found in the Fund’s prospectus, if applicable, or shareholder report which may be obtained by visiting the SEC Edgar database. Read the prospectus, if applicable, or shareholder report carefully before investing. This material is for informational purposes only and is not intended to be relied upon as research or investment or tax advice, and is not a recommendation, offer or solicitation to purchase or sell any securities or to adopt any investment strategy, nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate Availability of Fund Updates BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s or 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 the Funds 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, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics 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) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. 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 BlackRock’s website is not a part of this press release. NOT FDIC INSURED │ MAY LOSE VALUE │ NO BANK GUARANTEE Prepared by BlackRock Investments, LLC, member FINRA © 2023 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

01/09 16:30 EST - businesswire.com
BlackRock Closed-End Fund Share Repurchase Program Update
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) released today share repurchase activity for certain BlackRock-advised closed-end funds (the “Funds”) during the quarter ended December 31, 2022. The Funds have authorized open market share repurchase programs (the “Repurchase Programs”) pursuant to which each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares in open market transactions. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value (“NAV”) per share, which could result in incremental accretion to a Fund’s NAV. Below is a summary of share repurchase activity over this past quarter and since the inception of each Fund’s Repurchase Program: Summary of share repurchase activity during the most recent calendar quarter ended December 31, 2022: Fund Name Ticker Number of Shares Repurchased Total Amount of Shares Repurchased Total Amount of NAV Accretion Average Discount on Days Repurchased BlackRock Energy and Resources Trust BGR 83,354 $1,023,385 $147,098 -12.8% BlackRock Enhanced Global Dividend Trust BOE 589,486 $5,523,056 $779,414 -12.5% BlackRock Enhanced International Dividend Trust BGY 717,531 $3,402,256 $452,631 -11.9% BlackRock Health Sciences Trust II BMEZ 1,962,259 $30,331,774 $6,009,305 -16.7% BlackRock Science and Technology Trust II BSTZ 461,288 $7,290,822 $1,691,138 -19.0% BlackRock Innovation and Growth Trust BIGZ 4,154,800 $29,302,944 $7,733,786 -20.8% BlackRock Capital Allocation Trust BCAT 1,716,301 $24,142,297 $4,794,971 -16.6% BlackRock ESG Capital Allocation Trust ECAT 1,505,905 $20,574,889 $4,475,286 -17.9% BlackRock Resources & Commodities Strategy Trust BCX 550,752 $5,389,354 $809,171 -13.2% BlackRock California Municipal Income Trust BFZ 409,086 $4,396,603 $723,743 -14.1% BlackRock MuniHoldings California Quality Fund, Inc. MUC 404,996 $4,377,905 $636,815 -12.7% BlackRock MuniYield Pennsylvania Quality Fund MPA 123,339 $1,367,828 $222,001 -13.8% BlackRock New York Municipal Income Trust’ BNY 92,876 $937,167 $165,757 -11.0% BlackRock MuniHoldings New York Quality Fund, Inc. MHN 254,536 $2,529,632 $385,397 -13.5% BlackRock MuniYield New York Quality Fund, Inc. MYN 340,461 $3,282,340 $494,592 -13.3% BlackRock MuniVest Fund, Inc. MVF 88,718 $587,575 $73,050 -11.4% Summary of share repurchase activity since Repurchase Program inception: Fund Name Ticker Number of Shares Repurchased Total Amount of Shares Repurchased Total Amount of NAV Accretion Average Discount on Days Repurchased BlackRock Energy and Resources Trust BGR 1,772,583 $17,109,936 $2,395,772 -12.6% BlackRock Enhanced Equity Dividend Trust BDJ 2,974,888 $23,626,347 $2,641,607 -10.1% BlackRock Enhanced Global Dividend Trust BOE 6,743,347 $69,079,606 $9,069,313 -11.9% BlackRock Enhanced International Dividend Trust BGY 7,243,637 $38,459,781 $4,858,296 -11.5% BlackRock Health Sciences Trust II BMEZ 3,072,736 $47,829,587 $9,156,779 -16.2% BlackRock Science and Technology Trust II BSTZ 461,288 $7,290,822 $1,691,138 -19.0% BlackRock Innovation and Growth Trust BIGZ 13,662,467 $138,987,727 $26,328,058 -17.8% BlackRock Capital Allocation Trust BCAT 4,390,352 $67,635,655 $11,547,447 -15.5% BlackRock ESG Capital Allocation Trust ECAT 3,325,611 $47,257,972 $9,686,105 -17.1% BlackRock Resources & Commodities Strategy Trust BCX 11,541,300 $90,722,845 $13,268,639 -13.2% BlackRock Science and Technology Trust BST 136,367 $2,799,570 $284,111 -9.1% BlackRock Corporate High Yield Fund, Inc. HYT 4,695,612 $48,249,031 $6,328,699 -11.8% BlackRock Credit Allocation Income Trust BTZ 4,222,616 $52,321,626 $7,126,080 -12.1% BlackRock Debt Strategies Fund, Inc. DSU 4,887,450 $54,871,336 $5,651,691 -9.7% BlackRock Floating Rate Income Strategies Fund, Inc. FRA 2,000,291 $24,605,346 $3,520,574 -12.8% BlackRock Floating Rate Income Trust BGT 1,306,651 $15,262,351 $2,175,889 -12.5% BlackRock Income Trust, Inc. BKT 145,423 $854,488 $239,094 -8.7% BlackRock Limited Duration Income Trust BLW 1,341,749 $19,494,225 $2,522,574 -11.4% BlackRock Multi-Sector Income Trust BIT 884,028 $14,722,265 $1,722,801 -10.5% BlackRock California Municipal Income Trust BFZ 1,332,260 $15,755,086 $2,535,812 -13.8% BlackRock MuniHoldings California Quality Fund, Inc. MUC 404,996 $4,377,905 $636,815 -12.7% BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ 60,057 $796,819 $125,682 -13.6% BlackRock MuniYield Michigan Quality Fund, Inc. MIY 68,734 $886,694 $140,298 -13.9% BlackRock MuniYield Pennsylvania Quality Fund MPA 168,856 $1,983,666 $313,341 -13.3% BlackRock New York Municipal Income Trust’ BNY 92,876 $937,167 $165,757 -11.0% BlackRock MuniHoldings New York Quality Fund, Inc. MHN 254,536 $2,529,632 $385,397 -13.5% BlackRock MuniYield New York Quality Fund, Inc. MYN 340,461 $3,282,340 $494,592 -13.3% BlackRock MuniVest Fund, Inc. MVF 88,718 $587,575 $73,050 -11.4% The amount and timing of any repurchases under each Fund’s Repurchase Program will be determined either at the discretion of the Fund’s management or pursuant to predetermined parameters and instructions subject to market conditions. There is no assurance that any Fund will repurchase shares in any particular amounts. A Fund’s repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. Any repurchases made under any Repurchase Program will be made on a national securities exchange at the prevailing market price, subject to exchange requirements and certain volume and timing limitations and other regulations under federal securities laws. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock Availability of Fund Updates BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s or 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 the Funds 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, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics 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) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. 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 BlackRock’s website is not a part of this press release.

09/08 17:30 EST - businesswire.com
BlackRock Closed-End Funds Announce Renewal of Share Repurchase Programs
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurchase Programs”). Under each Fund’s current Repurchase Program, each Fund may repurchase, through November 30, 2022, up to 5% of its outstanding common shares (based on common shares outstanding on November 18, 2021 or November 30, 2021, as applicable for each Fund)1 in open market transactions. Pursuant to the Boards’ renewal of the Repurchase Programs, commencing on December 1, 2022, each Fund may repurchase up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2022) in open market transactions through November 30, 2023. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value (“NAV”) per share, which could result in incremental accretion to a Fund’s NAV. The Boards have authorized the renewal of a Repurchase Program for the following Funds: Municipal Funds Ticker (NYSE) Fund CUSIP BFZ BlackRock California Municipal Income Trust 09248E102 BKN BlackRock Investment Quality Municipal Trust, Inc. 09247D105 BTA BlackRock Long-Term Municipal Advantage Trust 09250B103 MUI BlackRock Municipal Income Fund, Inc. 09253X102 MUA BlackRock MuniAssets Fund, Inc. 09254J102 BYM BlackRock Municipal Income Quality Trust 092479104 BFK BlackRock Municipal Income Trust 09248F109 BLE BlackRock Municipal Income Trust II 09249N101 MUC BlackRock MuniHoldings California Quality Fund, Inc. 09254L107 MHD BlackRock MuniHoldings Fund, Inc. 09253N104 MUJ BlackRock MuniHoldings New Jersey Quality Fund, Inc. 09254X101 MHN BlackRock MuniHoldings New York Quality Fund, Inc. 09255C106 MUE BlackRock MuniHoldings Quality Fund II, Inc. 09254C107 MVF BlackRock MuniVest Fund, Inc. 09253R105 MVT BlackRock MuniVest Fund II, Inc. 09253T101 MYD BlackRock MuniYield Fund, Inc. 09253W104 MIY BlackRock MuniYield Michigan Quality Fund, Inc. 09254V105 MYN BlackRock MuniYield New York Quality Fund, Inc. 09255E102 MPA BlackRock MuniYield Pennsylvania Quality Fund 09255G107 MQY BlackRock MuniYield Quality Fund, Inc. 09254F100 MQT BlackRock MuniYield Quality Fund II, Inc. 09254G108 MYI BlackRock MuniYield Quality Fund III, Inc. 09254E103 BNY BlackRock New York Municipal Income Trust 09248L106 BHV BlackRock Virginia Municipal Bond Trust 092481100 BTT BlackRock Municipal 2030 Target Term Trust 09257P105 Taxable Fixed Income Funds Ticker (NYSE) Fund CUSIP BBN BlackRock Taxable Municipal Bond Trust 09248X100 BHK BlackRock Core Bond Trust 09249E101 HYT BlackRock Corporate High Yield Fund, Inc. 09255P107 BTZ BlackRock Credit Allocation Income Trust 092508100 EGF BlackRock Enhanced Government Fund, Inc. 09255K108 FRA BlackRock Floating Rate Income Strategies Fund, Inc. 09255X100 BGT BlackRock Floating Rate Income Trust 091941104 BKT BlackRock Income Trust, Inc. 09247F1002 BLW BlackRock Limited Duration Income Trust 09249W101 BIT BlackRock Multi-Sector Income Trust 09258A107 DSU BlackRock Debt Strategies Fund, Inc. 09255R202 Equity Funds Ticker (NYSE) Fund CUSIP BGR BlackRock Energy and Resources Trust 09250U101 CII BlackRock Enhanced Capital and Income Fund, Inc. 09256A109 BDJ BlackRock Enhanced Equity Dividend Trust 09251A104 BOE BlackRock Enhanced Global Dividend Trust 092501105 BME BlackRock Health Sciences Trust 09250W107 BMEZ BlackRock Health Sciences Trust II 09260E105 BGY BlackRock Enhanced International Dividend Trust 092524107 BCX BlackRock Resources & Commodities Strategy Trust 09257A108 BST BlackRock Science and Technology Trust 09258G104 BSTZ BlackRock Science and Technology Trust II 09260K101 BUI BlackRock Utilities, Infrastructure & Power Opportunities Trust 09248D104 BIGZ BlackRock Innovation & Growth Trust 09260Q108 Multi-Asset Funds Ticker (NYSE) Fund CUSIP BCAT BlackRock Capital Allocation Trust 09260U109 ECAT BlackRock ESG Capital Allocation Trust 09262F100 The amount and timing of any repurchases under each Fund’s Repurchase Program will be determined either at the discretion of the Fund’s management or pursuant to predetermined parameters and instructions subject to market conditions. There is no assurance that any Fund will repurchase shares in any particular amounts. A Fund’s repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. Any repurchases made under any Fund Repurchase Program will be made on a national security exchange at the prevailing market price, subject to exchange requirements and certain volume and timing limitations and other regulations under federal securities laws. 1 Based on common shares outstanding on November 18, 2021 for BlackRock Municipal 2030 Target Term Trust (NYSE:BTT), BlackRock Science and Technology Trust II (NYSE:BSTZ), BlackRock Health Sciences Trust II (NYSE: BMEZ), Blackrock Innovation and Growth Trust (NYSE:BIGZ), Blackrock Capital Allocation Trust (NYSE:BCAT), and BlackRock ESG Capital Allocation Trust (NYSE: ECAT). Based on common shares outstanding on November 30, 2021 for all Funds other than BTT, BSTZ, BMEZ, BIGZ, BCAT, and ECAT. 2 On September 8, 2022, BlackRock Income Trust (NYSE: BKT) announced a 1-for -3 reverse stock split effective prior to the open of trading on the New York Stock Exchange on October 18, 2022. Shares of the Fund's common stock will continue trading on the NYSE under its existing ticker symbol (NYSE:BKT), but will be assigned a new CUSIP number: 09247F209. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock Availability of Fund Updates BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or the Funds may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Funds’ or 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 the Funds or in the Funds’ net asset values; (2) the relative and absolute investment performance of the Funds and their 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 and regulatory, supervisory or enforcement actions of government agencies relating to the Funds or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics 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) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. 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 BlackRock’s website is not a part of this press release.