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

October 1, 2009 6:04 PM EDT

NEW YORK--(BUSINESS WIRE)-- Certain BlackRock closed-end funds (the "Funds") announced distributions today as detailed below.

Details are as follows:

Municipal Funds:

Declaration- 10/1/2009 Ex-Date- 10/13/2009 Record- 10/15/2009 Payable-
11/2/2009

National Funds                                   Ticker  Dividend   Change From
                                                                    Prior Month

BlackRock Apex Municipal Fund, Inc.              APX     $0.046500  -

BlackRock Insured Municipal Income Trust         BYM     $0.068500  -

BlackRock Insured Municipal Income Investment    BAF     $0.068500  -
Trust

BlackRock Investment Quality Municipal Income    RFA     $0.070000  -
Trust

BlackRock Long-Term Municipal Advantage Trust    BTA     $0.057500  -

BlackRock Muni Intermediate Duration Fund, Inc.  MUI     $0.065500  -

BlackRock MuniAssets Fund, Inc.                  MUA     $0.067500  -

BlackRock Municipal 2020 Term Trust              BKK     $0.062250  -

BlackRock Municipal Bond Trust                   BBK     $0.085000  -

BlackRock Municipal Bond Investment Trust        BIE     $0.073800  -

BlackRock Municipal Income Trust                 BFK     $0.078600  -

BlackRock Municipal Income Trust II              BLE     $0.081000  -

BlackRock Municipal Income Investment Trust      BBF     $0.075375  -

BlackRock MuniEnhanced Fund, Inc.                MEN     $0.053000  -

BlackRock MuniHoldings Fund II, Inc.             MUH     $0.075500  -

BlackRock MuniHoldings Fund, Inc.                MHD     $0.083500  -

BlackRock MuniHoldings Insured Fund II, Inc.     MUE     $0.070000  -

BlackRock MuniHoldings Insured Fund, Inc.        MUS     $0.070000  -

BlackRock MuniHoldings Insured Investment Fund   MFL     $0.068000  -

BlackRock MuniVest Fund II, Inc.                 MVT     $0.083500  -

BlackRock MuniVest Fund, Inc.                    MVF     $0.053000  -

BlackRock MuniYield Fund, Inc.                   MYD     $0.069000  -

BlackRock MuniYield Insured Fund, Inc.           MYI     $0.061000  -

BlackRock MuniYield Insured Investment Fund      MFT     $0.066000  -

BlackRock MuniYield Investment Fund              MYF     $0.065500  -

BlackRock MuniYield Quality Fund II, Inc.        MQT     $0.062000  -

BlackRock MuniYield Quality Fund, Inc.           MQY     $0.069500  -

The BlackRock Investment Quality Municipal       BKN     $0.081500  -
Trust, Inc.

The BlackRock Strategic Municipal Trust          BSD     $0.070000  -

                                                                    Change From
State-Specific Funds                             Ticker  Dividend
                                                                    Prior Month

BlackRock California Insured Municipal Income    BCK     $0.066000  -
Trust

BlackRock California Municipal Bond Trust        BZA     $0.077000  -

BlackRock California Municipal Income Trust      BFZ     $0.075700  -

BlackRock California Municipal Income Trust II   BCL     $0.074500  -

BlackRock MuniHoldings California Insured Fund,  MUC     $0.063000  -
Inc.

BlackRock MuniYield California Fund, Inc.        MYC     $0.067500  -

BlackRock MuniYield California Insured Fund,     MCA     $0.061000  -
Inc.

The BlackRock California Investment Quality      RAA     $0.053000  -
Municipal Trust, Inc.

BlackRock Florida Municipal 2020 Term Trust,     BFO     $0.056000  -
Inc.

BlackRock Maryland Municipal Bond Trust          BZM     $0.067900  -

BlackRock Muni New York Intermediate Duration    MNE     $0.055500  -
Fund, Inc.

BlackRock MuniHoldings New York Insured Fund,    MHN     $0.068500  -
Inc.

BlackRock MuniYield New York Insured Fund, Inc.  MYN     $0.052500  -

BlackRock New York Insured Municipal Income      BSE     $0.065500  -
Trust

BlackRock New York Municipal Bond Trust          BQH     $0.078000  -

BlackRock New York Municipal Income Trust        BNY     $0.082500  -

BlackRock New York Municipal Income Trust II     BFY     $0.080000  -

The BlackRock New York Investment Quality        RNY     $0.068200  -
Municipal Trust, Inc.

BlackRock MuniHoldings New Jersey Insured Fund,  MUJ     $0.069000  -
Inc.

BlackRock MuniYield New Jersey Fund, Inc.        MYJ     $0.070500  -

BlackRock MuniYield New Jersey Insured Fund,     MJI     $0.069500  -
Inc.

BlackRock New Jersey Municipal Bond Trust        BLJ     $0.075500  -

BlackRock New Jersey Municipal Income Trust      BNJ     $0.077600  -

The BlackRock New Jersey Investment Quality      RNJ     $0.064000  -
Municipal Trust

BlackRock MuniYield Arizona Fund, Inc.           MZA     $0.067000  -

BlackRock MuniYield Michigan Insured Fund II,    MYM     $0.066500  -
Inc.

BlackRock MuniYield Michigan Insured Fund, Inc.  MIY     $0.072500  -

BlackRock MuniYield Pennsylvania Insured Fund    MPA     $0.065500  -

The BlackRock Pennsylvania Strategic Municipal   BPS     $0.064000  -
Trust

BlackRock Virginia Municipal Bond Trust          BHV     $0.080000  -

Massachusetts Health & Education Tax-Exempt      MHE     $0.062000  -
Trust

Taxable Funds:

Declaration- 10/1/2009 Ex-Date- 10/13/2009 Record- 10/15/2009 Payable-
10/30/2009

                                                              Change From Prior
Fund                                       Ticker  Dividend
                                                              Dividend

BlackRock Senior High Income Fund, Inc.    ARK     $0.025000  -

BlackRock Floating Rate Income Trust*      BGT     $0.067500  -

BlackRock Strategic Bond Trust             BHD     $0.069500  -

BlackRock Core Bond Trust                  BHK     $0.062000  -

BlackRock Defined Opportunity Credit       BHL     $0.060000  -
Trust*

The BlackRock High Yield Trust*            BHY     $0.043500  -

The BlackRock Income Trust, Inc.           BKT     $0.024000  -

BlackRock Limited Duration Income Trust*   BLW     $0.070000  -

BlackRock Income Opportunity Trust, Inc.   BNA     $0.051000  -

BlackRock Preferred Opportunity Trust      BPP     $0.072500  -

BlackRock Preferred and Equity Advantage   BTZ     $0.100000  -
Trust*

BlackRock Corporate High Yield Fund, Inc.  COY     $0.061000  -

BlackRock Corporate High Yield Fund III,   CYE     $0.055000  -
Inc.

BlackRock Debt Strategies Fund, Inc.*      DSU     $0.031000  -

BlackRock Diversified Income Strategies    DVF     $0.078500  -
Fund, Inc.*

BlackRock Floating Rate Income Strategies  FRA     $0.081500  -
Fund, Inc.*

BlackRock Floating Rate Income Strategies  FRB     $0.081000  -
Fund II, Inc.*

BlackRock High Income Shares               HIS     $0.013200  -

BlackRock Corporate High Yield Fund VI,    HYT     $0.087500  -
Inc.

BlackRock Corporate High Yield Fund V,     HYV     $0.087500  -
Inc.

BlackRock Preferred and Corporate Income   PSW     $0.060000  -
Strategies Fund, Inc.

BlackRock Preferred Income Strategies      PSY     $0.075000  -
Fund, Inc.

* 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.

BlackRock Preferred and Equity Advantage Trust (NYSE: BTZ) (the "Trust") 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 Trust's Board. Under its Plan, the 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 Trust will distribute long-term capital gains and or return capital to its shareholders in order to maintain a level distribution.

The Trust's estimated source of the distributions paid as of September 30, 2009 is as follows:

Estimated Allocations as of September 30, 2009

                     Net Investment  Net Realized  Net Realized
Trust  Distribution                                              Return of
                     Income          Short-Term    Long-Term     Capital
                                     Gains         Gains

BTZ1   $0.100000     $0.087200       $0.00 (0%)    $0.00 (0%)    $0.012800 (13%)
                     (87%)

Estimated Allocations as of September 30, 2009

                     Net Investment  Net Realized  Net Realized
Trust  Distribution                                              Return of
                     Income          Short-Term    Long-Term     Capital
                                     Gains         Gains

BTZ1   $1.310000     $0.887000       $0.00 (0%)    $0.00 (0%)    $0.423000 (32%)
                     (68%)

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

       Average annual     Current fiscal     Cumulative total  Cumulative fiscal
       total return (in   period's           return (in        year distribution
       relation to NAV)   annualized         relation to NAV)  rate expressed as
Trust  for the inception  distribution rate  for the fiscal    a percentage of
       to date ending on  as a percentage    year through      NAV as of August
       August 31, 2009    of NAV as of       August 31, 2009   31, 2009
                          August 31, 2009

BTZ    (12.82)%           10.13%             29.91%            10.21%

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 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(R) 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.

    Source: BlackRock Closed-End Funds

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