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Certain BlackRock Closed-End Funds Announce Shareholder Proposal Submission Date
New York, May 30, 2007— The BlackRock Closed-End Funds listed below (each a “Trust” and collectively, the “Trusts”) announced today that their annual meetings of shareholders will be held no later than September 30, 2007. Because the Trusts have moved the date of this year’s annual meeting by more than 30 days from the date of last year’s annual meeting, the deadline for submitting a proposal pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended, to be considered for inclusion in the Trusts’ proxy materials and for submitting a “timely” proposal for purposes of Rule 14a-4(c) under the Exchange Act is June 20, 2007. Any such proposal should be sent to the Secretary of the relevant Trust, 100 Bellevue Parkway, Wilmington, Delaware 19809.
| Trust | Ticker | |
The BlackRock Broad Investment Grade 2009 Term Trust Inc. | BCT | |
The BlackRock Income Trust Inc. | BKT | |
The BlackRock Income Opportunity Trust Inc. | BNA | |
The BlackRock High Yield Trust | BHY | |
BlackRock Core Bond Trust | BHK | |
BlackRock Strategic Bond Trust | BHD | |
The BlackRock Insured Municipal Term Trust Inc. | BMT | |
The BlackRock Insured Municipal 2008 Term Trust Inc. | BRM | |
The BlackRock New York Insured Municipal 2008 Term Trust Inc. | BLN | |
The BlackRock California Insured Municipal 2008 Term Trust Inc. | BFC | |
The BlackRock Investment Quality Municipal Trust Inc. | BKN | |
The BlackRock California Investment Quality Municipal Trust Inc. | RAA | |
The BlackRock New Jersey Investment Quality Municipal Trust Inc. | RNJ | |
The BlackRock New York Investment Quality Municipal Trust Inc. | RNY | |
The BlackRock Strategic Municipal Trust | BSD | |
The BlackRock Pennsylvania Strategic Municipal Trust | BPS | |
BlackRock Florida Municipal Income Trust | BBF | |
BlackRock Municipal Income Trust | BFK | |
BlackRock California Municipal Income Trust | BFZ | |
BlackRock New Jersey Municipal Income Trust | BNJ | |
BlackRock New York Municipal Income Trust | BNY | |
BlackRock California Municipal 2018 Term Trust | BJZ | |
BlackRock Municipal 2018 Term Trust | BPK | |
BlackRock New York Municipal 2018 Term Trust | BLH | |
BlackRock California Municipal Bond Trust | BZA | |
BlackRock Florida Municipal Bond Trust | BIE | |
BlackRock Maryland Municipal Bond Trust | BZM | |
BlackRock Municipal Bond Trust | BBK | |
BlackRock New Jersey Municipal Bond Trust | BLJ | |
BlackRock New York Municipal Bond Trust | BQH | |
BlackRock Virginia Municipal Bond Trust | BHV | |
BlackRock Municipal Income Trust II | BLE |
| Trust | Ticker | |
BlackRock California Municipal Income Trust II | BCL | |
BlackRock New York Municipal Income Trust II | BFY | |
BlackRock Insured Municipal Income Trust | BYM | |
BlackRock California Insured Municipal Income Trust | BCK | |
BlackRock Florida Insured Municipal Income Trust | BAF | |
BlackRock New York Insured Municipal Income Trust | BSE | |
BlackRock Preferred Opportunity Trust | BPP | |
BlackRock Limited Duration Income Trust | BLW | |
BlackRock Municipal 2020 Term Trust | BKK | |
BlackRock Florida Municipal 2020 Term Trust | BFO | |
BlackRock Dividend AchieversTMTrust | BDV | |
BlackRock Strategic Dividend AchieversTMTrust | BDT | |
BlackRock S&P Quality Rankings Global Equity Managed Trust | BQY | |
BlackRock Global Floating Rate Income Trust | BGT | |
BlackRock Global Energy and Resources Trust | BGR | |
BlackRock Health Sciences Trust | BME | |
BlackRock Global Opportunities Equity Trust | BOE | |
BlackRock Enhanced Dividend AchieversTMTrust | BDJ | |
BlackRock World Investment Trust | BWC | |
BlackRock Long-Term Municipal Advantage Trust | BTA | |
BlackRock Real Asset Equity Trust | BCF | |
BlackRock Preferred and Equity Advantage Trust | BTZ | |
BlackRock Global Equity Income Trust | BFD | |
BlackRock International Growth and Income Trust | BGY | |
The BlackRock Florida Insured Municipal 2008 Term Trust | BRF | |
The BlackRock Florida Investment Quality Municipal Trust | RFA | |
BlackRock High Income Shares | HIS |
About BlackRock
BlackRock is one of the world’s largest publicly traded investment management firms. As of March 31, 2007, assets under management were $1.154 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, the firm has approximately 5,000 employees in 18 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 Company’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.
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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.
In addition to factors previously disclosed in BlackRock’s SEC reports and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (1) the introduction, withdrawal, success and timing of business initiatives and strategies; (2) changes in political, economic or industry conditions, the interest rate environment or financial and capital markets, which could result in changes in demand for products or services or in the value of assets under management; (3) the relative and absolute investment performance of BlackRock’s investment products, including its separately managed accounts and the former MLIM business; (4) the impact of increased competition; (5) the impact of capital improvement projects; (6) the impact of future acquisitions or divestitures; (7) the unfavorable resolution of legal proceedings; (8) the extent and timing of any share repurchases; (9) the impact, extent and timing of technological changes and the adequacy of intellectual property protection; (10) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to BlackRock, Merrill Lynch or PNC; (11) terrorist activities and international hostilities, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries, and BlackRock; (12) the ability to attract and retain highly talented professionals; (13) fluctuations in foreign currency exchange rates, which may adversely affect the value of advisory fees earned by BlackRock; (14) the impact of changes to tax legislation and, generally, the tax position of the Company; (15) BlackRock’s ability to successfully integrate the MLIM business with its existing business; (16) the ability of BlackRock to effectively manage the former MLIM assets along with its historical assets under management; and (17) BlackRock’s success in maintaining the distribution of its products.
BlackRock’s Annual Reports on Form 10-K and BlackRock’s subsequent filings with the SEC, accessible on the SEC’s website athttp://www.sec.govand on BlackRock’s website athttp://www.blackrock.com, discuss these factors in more detail and identify additional factors that can affect forward-looking statements. The information contained on our website is not a part of this press release.
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