SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant [X]
Filed by a Party other than the Registrant [_]
Check the appropriate box:
[_] Preliminary Proxy Statement [_] Soliciting Material Under Rule
[_] Confidential, For Use of the 14a-12
Commission Only (as permitted
by Rule 14a-6(e)(2))
[X] Definitive Joint Proxy Statement
[_] Definitive Additional Materials
THE BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. ("BKN")
THE BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. ("BRM")
THE BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. ("BFC")
THE BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST ("BRF")
THE BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. ("BLN")
THE BLACKROCK BROAD INVESTMENT GRADE 2009 TERM TRUST INC. ("BCT")
THE BLACKROCK INCOME TRUST INC. ("BKT")
THE BLACKROCK HIGH YIELD TRUST ("BHY")
THE BLACKROCK INVESTMENT QUALITY TERM TRUST INC. ("BQT")
THE BLACKROCK ADVANTAGE TERM TRUST INC. ("BAT")
THE BLACKROCK MUNICIPAL TARGET TERM TRUST INC. ("BMN")
THE BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. ("RAA")
THE BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST ("RFA")
THE BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. ("RNJ")
THE BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. ("RNY")
THE BLACKROCK NORTH AMERICAN GOVERNMENT INCOME TRUST INC. ("BNA")
THE BLACKROCK INSURED MUNICIPAL TERM TRUST INC. ("BMT")
THE BLACKROCK STRATEGIC TERM TRUST INC. ("BGT")
THE BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST ("BPS")
THE BLACKROCK STRATEGIC MUNICIPAL TRUST ("BSD")
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 CORE BOND TRUST ("BHK")
BLACKROCK STRATEGIC BOND TRUST ("BHD")
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(Name of Registrants as Specified In Their Charters)
- --------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[_] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
1) Title of each class of securities to which transaction applies:
________________________________________________________________________________
2) Aggregate number of securities to which transaction applies:
________________________________________________________________________________
3) Per unit price or other underlying value of transaction computed pursuant
to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is
calculated and state how it was determined):
________________________________________________________________________________
4) Proposed maximum aggregate value of transaction:
________________________________________________________________________________
5) Total fee paid:
________________________________________________________________________________
[_] Fee paid previously with preliminary materials:
________________________________________________________________________________
[_] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the form or schedule and the date of its filing.
1) Amount previously paid:
________________________________________________________________________________
2) Form, Schedule or Registration Statement No.:
________________________________________________________________________________
3) Filing Party:
________________________________________________________________________________
4) Date Filed:
________________________________________________________________________________
[BLACKROCK LOGO]
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NOTICE OF JOINT ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON MAY 23, 2002
----------------
THE BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. ("BKN")
THE BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. ("BRM")
THE BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. ("BFC")
THE BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST ("BRF")
THE BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. ("BLN")
THE BLACKROCK BROAD INVESTMENT GRADE 2009 TERM TRUST INC. ("BCT")
800 SCUDDERS MILL ROAD
PLAINSBORO, NEW JERSEY 08536
THE BLACKROCK INCOME TRUST INC. ("BKT")
THE BLACKROCK HIGH YIELD TRUST ("BHY")
THE BLACKROCK INVESTMENT QUALITY TERM TRUST INC. ("BQT")
THE BLACKROCK ADVANTAGE TERM TRUST INC. ("BAT")
THE BLACKROCK MUNICIPAL TARGET TERM TRUST INC. ("BMN")
THE BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. ("RAA")
THE BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST ("RFA")
THE BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. ("RNJ")
THE BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. ("RNY")
THE BLACKROCK NORTH AMERICAN GOVERNMENT INCOME TRUST INC. ("BNA")
GATEWAY CENTER THREE
100 MULBERRY STREET
NEWARK, NEW JERSEY 07102
THE BLACKROCK INSURED MUNICIPAL TERM TRUST INC. ("BMT")
51 WEST 52ND STREET
NEW YORK, NEW YORK 10019
(CONT.)
THE BLACKROCK STRATEGIC TERM TRUST INC. ("BGT")
THE BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST ("BPS")
THE BLACKROCK STRATEGIC MUNICIPAL TRUST ("BSD")
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 CORE BOND TRUST ("BHK")
BLACKROCK STRATEGIC BOND TRUST ("BHD")
100 BELLEVUE PARKWAY
WILMINGTON, DELAWARE 19809
(THE "TRUSTS")
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NOTICE OF JOINT ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON MAY 23, 2002
----------------
To the Stockholders/Shareholders of BKN, BRM, BFC, BRF, BLN, BCT, BKT, BHY, BQT,
BAT, BMN, RAA, RFA, RNJ, RNY, BNA, BMT, BGT, BPS, BSD, BBF, BFK, BFZ, BNJ, BNY,
BJZ, BPK, BLH, BHK and BHD (collectively, the "Trusts"):
The Joint Annual Meeting of Stockholders/Shareholders of the Trusts
will be held at the East Side Marriott, 525 Lexington Avenue, New York, New York
on Thursday, May 23, 2002 at 10:00 a.m. (New York City Time) for the following
purposes:
1. With respect to BNA, BKT, BQT, BMN, BMT, BBF, BFK, BFZ, BNJ, BNY, BJZ,
BPK, BLH, BHK and BHD to elect two Directors (or, where applicable,
Trustees) and with respect to RNY, RNJ, RFA, RAA, BSD, BPS, BCT, BGT,
BAT, BKN, BRM, BFC, BRF, BLN and BHY to elect three Directors (or,
where applicable, Trustees) and each to hold office for the term
indicated until their successors shall have been elected and
qualified;
2. To transact such other business as may properly come before the
meeting or any adjournments or postponements thereof.
THE BOARD OF DIRECTORS OR TRUSTEES (THE "BOARD") OF EACH TRUST,
INCLUDING THE INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDS THAT YOU
VOTE "FOR" THE PROPOSAL.
We encourage you to contact BlackRock at (800) 227-7BFM (7236) if you have any
questions.
The Board of each Trust has fixed the close of business on February 28,
2002, as the record date for the determination of Stockholders/Shareholders
entitled to notice of, and to vote at, the meeting.
By order of the
Board of each Trust
Anne F. Ackerley, Secretary
New York, New York
April 1, 2002
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IT IS IMPORTANT THAT YOUR SHARES BE REPRESENTED AT THE MEETING IN PERSON OR BY
PROXY; IF YOU DO NOT EXPECT TO ATTEND THE MEETING, PLEASE COMPLETE, DATE, SIGN
AND RETURN THE APPROPRIATE ENCLOSED PROXY OR PROXIES IN THE ACCOMPANYING
ENVELOPE PROVIDED FOR YOUR CONVENIENCE, WHICH REQUIRES NO POSTAGE IF MAILED IN
THE UNITED STATES.
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THE BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. ("BKN")
THE BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. ("BRM")
THE BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. ("BFC")
THE BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST ("BRF")
THE BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. ("BLN")
THE BLACKROCK BROAD INVESTMENT GRADE 2009 TERM TRUST INC. ("BCT")
800 SCUDDERS MILL ROAD
PLAINSBORO, NEW JERSEY 08536
THE BLACKROCK INCOME TRUST INC. ("BKT")
THE BLACKROCK HIGH YIELD TRUST ("BHY")
THE BLACKROCK INVESTMENT QUALITY TERM TRUST INC. ("BQT")
THE BLACKROCK ADVANTAGE TERM TRUST INC. ("BAT")
THE BLACKROCK MUNICIPAL TARGET TERM TRUST INC. ("BMN")
THE BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. ("RAA")
THE BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST ("RFA")
THE BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. ("RNJ")
THE BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. ("RNY")
THE BLACKROCK NORTH AMERICAN GOVERNMENT INCOME TRUST INC. ("BNA")
GATEWAY CENTER THREE
100 MULBERRY STREET
NEWARK, NEW JERSEY 07102
THE BLACKROCK INSURED MUNICIPAL TERM TRUST INC. ("BMT")
51 WEST 52ND STREET
NEW YORK, NEW YORK 10019
THE BLACKROCK STRATEGIC TERM TRUST INC. ("BGT")
THE BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST ("BPS")
THE BLACKROCK STRATEGIC MUNICIPAL TRUST ("BSD")
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 CORE BOND TRUST ("BHK")
BLACKROCK STRATEGIC BOND TRUST ("BHD")
100 BELLEVUE PARKWAY
WILMINGTON, DELAWARE 19809
(THE "TRUSTS")
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JOINT PROXY STATEMENT
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FOR THE ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON MAY 23, 2002
INTRODUCTION
This joint proxy statement is furnished in connection with the
solicitation by the respective Board of Directors or Trustees, as the case may
be (the "Board"), of each of the Trusts of proxies to be voted at the Joint
Annual Meeting of Stockholders or Shareholders, as the case may be, of the
Trusts to be held on May 23, 2002, and any adjournment or postponement thereof
(the "Meeting"). The Meeting will be held at the East Side Marriott Hotel, 525
Lexington Avenue, New York, New York, on May 23, 2002 at 10:00 a.m. (New York
City Time). As used in the Notice of Joint Annual Meeting of Stockholders and as
used herein, the term "Directors" shall include Trustees, the term
"Stockholders" shall include Shareholders and the term "stock" shall include
share where the use of the terms "Trustees" or "Shareholders" or "share" would
otherwise be appropriate. This proxy statement and the enclosed proxy card are
first being sent to the Trusts' stockholders on or about April 1, 2002.
The Meeting is scheduled as a joint meeting of the respective
stockholders of the Trusts because the stockholders of all the Trusts are
expected to consider and vote on similar matters. The Board of each Trust has
determined that the use of a joint Proxy Statement for the Meeting is in the
best interest of each Trust's stockholders. In the event that any stockholder
present at the Meeting objects to the holding of a joint meeting and moves for
an adjournment of his Trust's meeting to a time immediately after the Meeting so
that such Trust's meeting may be held separately, the persons named as proxies
will vote in favor of such adjournment. Stockholders of each Trust will vote
separately on the Proposal relating to their Trust, and an unfavorable vote on a
Proposal by the stockholders of one Trust will not affect the implementation of
such Proposal by another Trust if the Proposal is approved by the stockholders
of that Trust.
The cost of soliciting proxies will be borne by each of the Trusts in
proportion to the amount of proxies solicited on behalf of each Trust. In
addition, certain officers, directors and employees of each of the Trusts,
Prudential Investments Fund Management LLC, located at Gateway Center Three, 100
Mulberry Street Newark, New Jersey 07102, Princeton Administrators L.P., located
at 800 Scudders Mill Road, Plainsboro, New Jersey 08536, Brinson Advisors, Inc.,
located at 51 West 52nd Street, New York, New York 10019, BlackRock Advisors,
Inc., located at 100 Bellevue Parkway, Wilmington, Delaware 19809, (the
"Advisor") (none of whom will receive additional compensation therefor) may
solicit proxies by telephone or mail. In addition, certain of the Trusts may
employ Georgeson Shareholder Communications Inc. pursuant to its standard
contract as proxy solicitor, the cost of which will be borne proportionately by
each of the Trusts and is estimated to be approximately $3,500 per Trust.
The affirmative vote of a plurality of the shares present at the
Meeting at which a quorum is present is necessary to elect the Director
nominees.
Broker non-votes are shares held in street name for which instructions
on a particular proposal have not been received from the beneficial owners or
other persons entitled to vote and the broker does not have discretionary voting
authority. Abstentions and broker non-votes will be counted as shares present
for purposes of determining whether a quorum is present. Abstentions and broker
non-votes will have no effect on the outcome of the vote on the Proposal.
All properly executed proxies received prior to the Meeting will be
voted at the Meeting in accordance with the instructions marked thereon or
otherwise as provided therein. Shareholders may revoke their Proxies at any time
prior to the time they are voted by giving written notice to the Secretary of
the Funds by delivering a subsequently dated Proxy or by attending and voting at
the Meeting.
1
The Board of each Trust has fixed the close of business on February 28,
2002, as the record date for the determination of stockholders of each Trust
entitled to notice of, and to vote at, the Meeting. Stockholders of each Trust
on that date will be entitled to one vote on each matter to be voted on by that
Trust for each share held and a fractional vote with respect to fractional
shares with no cumulative voting rights.
The holders of any Trust's preferred stock will have equal voting
rights with the holders of that Trust's common stock (i.e., one vote per share),
and will vote together with the holders of common stock as a single class on the
proposal to elect Directors, except that the holders of preferred stock of each
Trust which is electing Class I or II directors at this meeting, voting
separately as a class, will separately elect a Director from each of such
classes. The two Directors that have been designated as representing the holders
of each respective Trust's preferred stock are Richard E. Cavanagh and Frank J.
Fabozzi (see "Proposal: Election of Directors," below).
Pursuant to the rules promulgated by the Securities and Exchange
Commission the following table sets forth the proposal to be voted on by each
Trust:
FUND VOTE ON DIRECTORS OF CLASS NUMBER
---- ---------------------------------
BBF I
BFK I
BFZ I
BHD I
BHK I
BJZ I
BKT I
BLH I
BMN I
BMT I
BNA I
BNJ I
BNY I
BPK I
BQT I
BAT II
BCT II
BGT II
BPS II
BSD II
RAA II
RFA II
RNJ II
RNY II
BFC III
BHY III
BKN III
BLN III
BRF III
BRM III
2
The following table sets forth the number of outstanding shares for
each Trust at the close of business on February 28, 2002:
TRUST OUTSTANDING SHARES OF OUTSTANDING SHARES OF
COMMON STOCK PREFERRED STOCK
BKN 16,707,093 5,862
BRM 27,207,093 10,840
BFC 10,407,093 4,182
BRF 8,707,093 3,366
BLN 11,257,093 4,382
BCT 2,957,093 --
BKT 62,849,878 --
BHY 6,331,805 --
BQT 36,810,639 --
BAT 9,510,667 --
BMN 45,410,639 11,964
RAA 1,007,093 300
RFA 1,127,093 340
RNJ 1,007,093 300
RNY 1,307,093 392
BNA 34,553,293 --
BMT 25,885,639 6,816
BGT 57,510,639 --
BPS 2,015,492 700
BSD 7,242,261 2,480
BBF 6,629,838 2,302
BFK 43,409,271 15,005
BFZ 14,972,517 5,278
BNJ 7,389,401 2,552
BNY 12,465,317 4,390
BJZ 6,433,028 2,221
BPK 15,908,028 5,504
BLH 3,633,028 1,256
BHK 27,018,774 --
BHD 7,009,425 --
For each Trust in the above table the class or classes of stock listed
above are the only authorized class or classes of stock.
The principal executive offices of BKN, BRM, BFC, BRF, BLN and BCT are
located at 800 Scudders Mill Road, Plainsboro, New Jersey 08536, the principal
executive offices of BKT, BHY, BQT, BAT, BMN, RAA, RFA, RNJ, RNY and BNA are
located at Gateway Center Three, 100 Mulberry Street, Newark, New Jersey 07102,
the principal executive office of BMT is located at 51 West 52nd Street, New
York, New York 10019 and the principal executive offices of BGT, BPS, BSD, BBF,
BFK, BFZ, BNJ, BNY, BJZ, BPK, BLH, BHK and BHD are located at 100 Bellevue
Parkway, Wilmington, Delaware 19809.
3
EACH TRUST WILL FURNISH, WITHOUT CHARGE, A COPY OF SUCH TRUST'S MOST
RECENT ANNUAL REPORT AND THE MOST RECENT SEMI-ANNUAL REPORT SUCCEEDING THE
ANNUAL REPORT, IF ANY, TO ANY STOCKHOLDER UPON REQUEST. REQUESTS SHOULD BE
DIRECTED TO BLACKROCK ADVISORS, INC., 100 BELLEVUE PARKWAY, WILMINGTON, DE 19809
(TELEPHONE NUMBER (800) 227-7BFM (7236)).
As of February 28, 2002, to the knowledge of each Trust, no person
beneficially owned more than 5% of any Trust except as set forth in the
following table:
NAME & ADDRESS OF AMOUNT OF BENEFICIAL
TRUST BENEFICIAL OWNER OWNERSHIP PERCENT OF CLASS
BNA Wachovia Corporation 11,598,848 33.3%
One Wachovia Center
Charlotte, North Carolina
28288-0137
BCT Karpus Management, Inc. 155,125 5.3%
14 Tobey Village Office
Park Pittsford, New York
14534
BAT Karpus Management, Inc. 1,136,525 12.0%
14 Tobey Village Office
Park
Pittsford, New York 14534
BAT SIT Investment Associates, 611,200 6.4%
Inc. 4600 Norwest Center
90 South Seventh Street
Minneapolis, MN 55402
BGT Federal Home Loan Mortgage 3,526,800 6.1%
Corporation
8200 Jones Branch Drive
Mclean, Virginia 22102
BGT Wachovia Corporation 9,617,280 16.7%
One Wachovia Center
Charlotte, North Carolina
28288-0137
RAA 242,400 24.1%
M.H. Whittier Corporation,
James E. Greene, Arlo G.
Sorensen, Michael J. Casey
& Whittier Trust Company,
1600 Huntington Drive,
South Pasadena, California
91030
With respect to the above chart, all stock is common stock.
PROPOSAL: ELECTION OF DIRECTORS
With respect to BMN, BKT, BMT, BQT, BBF, BFK, BFZ, BNJ, BNA, BNY, BJZ,
BPK, BLH, BHK and BHD at the Meeting, Class I Directors will be elected to serve
for a term of three years and until their successors are elected and qualified.
With respect to BCT, BAT, RAA, RFA, RNJ, RNY, BGT, BPS, and BSD and at the
Meeting, Class II Directors will be elected to serve for a term of three years
and until their successors are elected and qualified. With respect to BRM, BFC,
BRF, BLN, BKN and BHY at the Meeting, Class III Directors will be elected to
serve for a term of three years and until their successors are elected and
qualified. There are two or three
4
nominees with respect to each of the Trusts because each Trust's Board is
classified into three classes and only one class is being elected at the
Meeting. The other classes will be elected at subsequent annual meetings of
stockholders. In addition, with respect to BAT, BCT, and BQT respectively,
nominees elected as Directors of BAT, BCT, and BQT, respectively, will be
appointed by BAT, BCT and BQT respectively, to serve as Directors of their
respective wholly-owned subsidiaries, BAT Subsidiary Inc. ("BATS"), BCT
Subsidiary Inc. ("BCTS") and BQT Subsidiary Inc. ("BQTS"), each of which has
identical investment objectives and policies to BAT, BCT, and BQT respectively.
For each of the Trusts, the affirmative vote of a plurality of the shares
present at the Meeting at which a quorum is present is required to elect the
nominees representing the common stock and for each Trust with a class of
preferred stock, the affirmative vote of a plurality of the preferred stock
shares of each Trust electing Class I or II directors at this meeting present at
the Meeting is required to elect Messrs. Fabozzi and Cavanagh. It is the
intention of the persons named in the enclosed proxy to vote in favor of the
election of the persons listed below. THE BOARD OF EACH TRUST UNANIMOUSLY
RECOMMENDS THAT YOU VOTE "FOR" THE NOMINEES.
The Board of each Trust knows of no reason why any of the nominees
listed below will be unable to serve, but in the event of any such
unavailability, the proxies received will be voted for such substitute nominees
as each Board may recommend.
INFORMATION REGARDING NOMINEES AND DIRECTORS
Certain information concerning the nominees for each of the Trusts is
set forth below. All of the nominees are currently Directors of each of the
Trusts, including BATS, BCTS, and BQTS and have served in such capacity since
each of the Trusts commenced their respective operations except that Richard E.
Cavanagh has served as Director since his appointment by the Boards (of BKN,
BRM, BFC, BRF, BLN, BCT, BKT, BQT, BAT, BMN, RAA, RFA, RNJ, RNY, BNA, BMT and
BGT) on August 11, 1994 to fill a vacancy; with respect to BKT, BQT, BAT, BGT,
BMN, BNA and BMT, James Clayburn La Force, Jr. has served as Director since his
election at the Trusts' annual meeting of stockholders on June 19, 1992; and
Walter F. Mondale, who was previously a Director of BKN, BRM, BFC, BLN, BCT,
BKT, BQT, BAT, BMN, BMT, BGT, RFA, RAA, RNJ, RNY, BNA and BRF from inception to
August 12, 1993, has served as Director since his election at the Trusts' annual
meeting of stockholders on April 15, 1997. In addition, Mr. Laurence D. Fink
serves as Chairman of the Board and a Director of Anthracite Capital, Inc.,
Director of BlackRock's offshore funds and alternative investment vehicles and
President, Treasurer and Trustee of the BlackRock Funds. Mr. Ralph L.
Schlosstein also serves as a Chairman and President of the BlackRock Provident
Institutional Funds and Director of several of BlackRock's alternative
investment vehicles. Except as indicated, each individual has held the office
shown or other offices in the same company for the last five years. The
"interested" Directors (as defined by Section 2(a)(19) of the Investment Company
Act of 1940) are indicated by an asterisk(*). Unless specified otherwise below,
the business address of the Directors and officers of each of the Trusts is 345
Park Avenue, New York, New York 10154 and the address of the Advisor is 100
Bellevue Parkway, Wilmington, Delaware 19809.
5
NUMBER OF PORTFOLIOS IN
FUND COMPLEX OVERSEEN BY OTHER DIRECTORSHIPS HELD BY
NAME, ADDRESS AND PRINCIPAL OCCUPATION(S) DIRECTOR OR NOMINEE FOR DIRECTOR OR NOMINEE FOR
AGE(1) DURING PAST 5 YEARS DIRECTOR DIRECTOR
- --------------------- ---------------------------- -------------------------- ----------------------------
INTERESTED DIRECTORS:
Laurence D. Fink* Chairman and Chief 30(2) President, Treasurer and a
Age: 49 Executive Officer of Trustee of the BlackRock
Class III BlackRock, Inc. since its Funds, Chairman of the Board
formation in 1998 and of and Director of Anthracite
BlackRock, Inc.'s Capital, Inc., a Director of
predecessor entities since BlackRock's offshore funds
1988. Chairman of the and alternative investment
Management Committee. vehicles and Chairman of the
Formerly, Managing Director Board of Nomura BlackRock
of the First Boston Asset Management Co., Ltd.
Corporation, Member of its Currently, Co-Chairman of
Management Committee, the
Co-head of its Taxable Board of Trustees of Mount
Fixed Income Division and Sinai-New York University
Head of its Mortgage and Medical Center and Health
Real Estate Products Group. System and a Member of the
Currently, Chairman of the Board of Phoenix House.
Board of each of the
closed-end Trusts in which
BlackRock Advisors, Inc.
acts as investment advisor.
Ralph L. Schlosstein* Director since 1999 and 30(2) Chairman and President of the
Age 51 President of BlackRock, Inc. BlackRock Provident
Class II since its formation in 1998 Institutional Funds.
and of BlackRock, Inc.'s Director of several of
predecessor entities since BlackRock's alternative
1988. Member of the investment vehicles.
Management Committee and Currently, a Member of the
Investment Strategy Group of Visiting Board of Overseers
BlackRock, Inc. Formerly, of the John F. Kennedy School
Managing Director of Lehman of Government at Harvard
Brothers, Inc. and Co-head University, the Financial
of its Mortgage and Savings Institutions Center Board of
Institutions Group. the Wharton School of the
Currently, President and University of Pennsylvania, a
Director of each of the trustee of Trinity School in
closed-end Trusts in which New York City and a Trustee
BlackRock Advisors, Inc. of New Visions for Public
acts as investment advisor. Education in New York City.
Formerly, a Director of Pulte
Corporation and a Member of
Fannie Mae's Advisory Council.
INDEPENDENT DIRECTORS:
Andrew F. Brimmer President of Brimmer & 30(2) Director of CarrAmerica
P.O. Box 4546 Company, Inc., a Realty Corporation and
New York, NY 10163 Washington, D.C.-based Borg-Warner Automotive.
Age: 75 economic and financial Formerly member of the Board
Class III consulting firm. Lead of Governors of the Federal
Director and Chairman of Reserve System. Formerly
the Audit Committee of each Director of AirBorne Express,
of the closed-end Trusts in BankAmerica Corporation (Bank
which BlackRock Advisors of America), Bell South
Inc. acts as investment Corporation, College
advisor. Retirement Equities Fund.
6
NUMBER OF PORTFOLIOS IN
FUND COMPLEX OVERSEEN BY OTHER DIRECTORSHIPS HELD BY
NAME, ADDRESS AND PRINCIPAL OCCUPATION(S) DIRECTOR OR NOMINEE FOR DIRECTOR OR NOMINEE FOR
AGE(1) DURING PAST 5 YEARS DIRECTOR DIRECTOR
- --------------------- ---------------------------- -------------------------- ----------------------------
Andrew F. Brimmer (Trustee), Commodity
(cont.) Exchange, Inc. (Public
Governor), Connecticut Mutual
Life Insurance Company, E.I.
Dupont de Nemours & Company,
Equitable Life Assurance
Society of the United States,
Gannett Company,
Mercedes-Benz of North
America, MNC Financial
Corporation (American
Security Bank), NMC Capital
Management, Navistar
International Corporation,
PHH Corp. and UAL Corporation
(United Airlines).
Richard E. Cavanagh President and Chief 30(2) Trustee Emeritus, Wesleyan
P.O. Box 4546 Executive Officer of The University, Trustee: Drucker
New York, NY 10163 Conference Board, Inc., a Foundation, Airplanes Group,
Age: 55 leading global business Aircraft Finance Trust (AFT)
Class I membership organization, and Educational Testing
from 1995-present. Former Service (ETS). Director,
Executive Dean of the John Arch Chemicals, Fremont Group
F. Kennedy School of and The Guardian Life
Government at Harvard Insurance Company of America.
University from 1988-1995.
Acting Director, Harvard
Center for Business and
Government (1991-1993).
Formerly Partner
(principal) of McKinsey &
Company, Inc. (1980-1988).
Former Executive Director
of Federal Cash Management,
White House Office of
Management and Budget
(1977-1979). Co-author,
THE WINNING PERFORMANCE
(best selling management
book published in 13
national editions).
Kent Dixon Consultant/Investor. 30(2) Former Director of ISFA (the
P.O. Box 4546 Former President and Chief owner of INVEST, a national
New York, NY 10163 Executive Officer of Empire securities brokerage service
Age: 64 Federal Savings Bank of designed for banks and thrift
Class III America and Banc PLUS institutions).
Savings Association, former
Chairman of the Board,
President and Chief
Executive Officer of
Northeast Savings.
7
NUMBER OF PORTFOLIOS IN
FUND COMPLEX OVERSEEN BY OTHER DIRECTORSHIPS HELD BY
NAME, ADDRESS AND PRINCIPAL OCCUPATION(S) DIRECTOR OR NOMINEE FOR DIRECTOR OR NOMINEE FOR
AGE(1) DURING PAST 5 YEARS DIRECTOR DIRECTOR
- --------------------- ---------------------------- -------------------------- ----------------------------
Frank J. Fabozzi Consultant. Editor of THE 30(2) Director, Guardian Mutual
P.O. Box 4546 JOURNAL OF PORTFOLIO Funds Group.
New York, NY 10163 MANAGEMENT and Adjunct
Age: 53 Professor of Finance at the
Class II School of Management at
Yale University. Author
and editor of several books
on fixed income portfolio
management. Visiting
Professor of Finance and
Accounting at the Sloan
School of Management,
Massachusetts Institute of
Technology from 1986 to
August 1992.
James Clayburn Dean Emeritus of The John 30(2) Director, Jacobs Engineering
P.O. Box 4546 E. Anderson Graduate School Group, Inc., Payden & Rygel
New York, NY 10163 of Management, University Investment Trust, Provident
Age: 73 of California since July 1, Investment Counsel Funds,
Class I 1993. Acting Dean of The Timken Company and Trust for
School of Business, Hong Investment Managers.
Kong University of Science
and Technology 1990-1993.
from 1978 to September
1993, Dean of The John E.
Anderson Graduate School of
Management, University of
California.
Walter F. Mondale Partner, Dorsey & 30(2) Director, Northwest Airlines
P.O. Box 4546 Whitney, a law firm Corp., UnitedHealth Group.
New York, NY 10163 (December 1996 - Formerly, Director RBC Dain
Age: 74 present, September 1987 Rauscher Inc.
Class II - August 1993).
Formerly U.S. Ambassador
to Japan (1993 -
1996). Formerly, Vice
President of the United
States, U.S. Senator and
Attorney General of the
State of Minnesota. 1984
Democratic Nominee for
President of the United
States.
- ----------
(1) Only Class I Directors are standing for election at the Meeting by BMN,
BNA, BKT, BMT, BQT, BBF, BFK, BFZ, BNJ, BNY, BJZ, BPK, BLH, BHK and BHD,
only Class II Directors are standing for election at the Meeting by BCT,
BAT, RAA, RFA, RNJ, RNY, BGT, BPS and BSD and only Class III Directors are
standing for election at the Meeting by BRM, BFC, BRF, BLN, BKN and BHY.
(2) As of the date of this proxy statement the Fund Complex consists of 30
active closed-end funds, each with one investment portfolio.
8
HOLDINGS OF DIRECTORS
The following chart lists the number of shares beneficially owned and
the number of share equivalents owned by the Directors pursuant to the
Directors' deferred compensation plan.
TRUST SHARE
SHARES EQUIVA- % OF SHARES
DIRECTOR TRUST OWNED(1) LENTS(2) OUTSTANDING
- ---------------------- ------- -------- --------- -------------
INTERESTED DIRECTORS:
Laurence D. Fink* BKT 16,680 -- (3)
BAT 10 --
BGT 10 --
BMN 10 --
BMT 10 --
BRM 10 --
RNJ 10 --
BCT 10 --
BQT 10 --
BKN 10 --
BSD 10 --
BHY 1,000 --
BNA 10 --
BNJ 10 --
BFK 10 --
BPK 10 --
BHK 10 --
Ralph L. Schlosstein* BKT 6,000 -- (3)
BAT 100 --
BGT 100 --
BMN 100 --
BMT 100 --
BRM 100 --
BLN 100 --
BKN 100 --
RNY 100 --
BCT 100 --
BQT 100 --
BSD 100 --
BHY 1,000 --
BNA 1,500 --
BFK 100 --
BPK 100 --
BHK 100 --
BNY 100 --
BLH 100 --
INDEPENDENT DIRECTORS:
Andrew F. Brimmer BKT 110 1,010 (3)
BAT 10 690
9
TRUST SHARE
SHARES EQUIVA- % OF SHARES
DIRECTOR TRUST OWNED(1) LENTS(2) OUTSTANDING
- ---------------------- ------- -------- --------- -------------
Andrew F. Brimmer BGT 10 --
(cont.) BMN 10 --
BMT 10 --
BRM 10 --
BKN 10 --
BCT 20 597
BQT 10 849
BSD 25 --
BHY 200 587
BNA 10 711
BFK 100 --
BPK 25 --
BHK 25 --
Richard E. Cavanagh BKN 500 -- (3)
BKT 500 3,164
BAT 100 --
BGT 100 --
BMN 100 --
BMT 100 --
BRM 100 --
BLN 100 --
RNY 100 --
BCT 100 --
BQT 100 --
BSD 500 --
BHY 200 1,956
BNA 100 --
BFK 300 --
BPK 300 --
BHK 500 --
BNY 300 --
BLH 100 --
Kent Dixon BKT 22,000 -- (3)
BAT 100 --
BGT 100 --
BMN 100 --
BMT 100 --
BRM 100 --
BRF 100 --
BKN 100 --
RFA 100 --
BCT 100 --
BQT 100 --
BSD 100 --
BHY 5,000 --
BNA 100 --
BFK 100 --
BPK 100 --
BHK 100 --
BBF 100 --
10
TRUST SHARE
SHARES EQUIVA- % OF SHARES
DIRECTOR TRUST OWNED(1) LENTS(2) OUTSTANDING
- ---------------------- ------- -------- --------- -------------
Frank J. Fabozzi BKT 10 -- (3)
BAT 10 --
BGT 10 --
BMN 10 --
BMT 10 --
BRM 10 --
BKN 10 --
BCT 10 --
BQT 10 --
BSD 100 --
BPS 100 --
BHY 10 --
BNA 10 --
BFK 20 --
BPK 20 --
BHK 20 --
James Clayburn BKT 10 6,406 (3)
La Force, Jr. BAT 10 4,174
BGT 10 --
BMN 10 --
BMT 10 --
BRM 10 --
BFC 3,410 --
BKN 10 --
RAA 10 --
BCT 10 3,194
BQT 10 5,098
BSD 750 --
BHY 1,000 4,258
BNA 10 4,212
BFK 100 --
BPK 100 --
BHK 100 --
BFZ 100 --
BJZ 100 --
Walter F. Mondale BKT 20 2,938 (3)
BAT 20 1,920
BGT 20 --
BMN 1,020 --
BMT 1,020 --
BQT 20 2,345
BRM 20 --
BKN 20 --
BCT 20 1,493
BSD 20 --
BHY 300 1,914
BNA 20 1,976
BHK 1,000 --
BFK 20 --
BPK 1,000 --
11
- ----------
(1) As of February 28, 2002. If a Trust is not listed the Director does not own
any shares of the Trust.
(2) Represents, as of February 28, 2002, the approximate number of share
equivalents owned under the deferred compensation plan (described below) in
each Trust by the Independent Directors of the Trusts who have participated
in the deferred compensation plan. Share equivalents are held in cash
accounts by each Trust on behalf of the Independent Directors in connection
with the deferred compensation plan. Under the deferred compensation plan,
BAT, BCT, BHY, BKT, BNA and BQT are eligible investments. Messrs. Fink and
Schlosstein are not eligible to participate in the deferred compensation
plan.
(3) Less than 1% of each Trust listed (including share equivalents).
The following table sets forth the dollar range of equity securities
beneficially owned and share equivalents held by each Director.
AGGREGATE AGGREGATE DOLLAR
NAME DOLLAR RANGE OF EQUITY DOLLAR RANGE OF DOLLAR RANGE OF SHARE RANGE OF EQUITY
- ---- SECURITIES IN EACH TRUST(1)(2) EQUITY EQUIVALENTS IN EACH TRUST SECURITIES AND
------------------------------ SECURITIES OF ALL ------------------------- SHARE EQUIVALENTS
TRUST DOLLAR RANGE TRUSTS(1)(2) TRUST DOLLAR RANGE OF ALL THE TRUSTS
----- ------------ ------------ ----- ------------ -----------------
INTERESTED DIRECTORS:
Laurence D. Fink BKT over $100,000 over $100,000 BKT -- Over $100,000(2)
BAT $1-$10,000 BAT --
BGT $1-$10,000 BGT --
BMN $1-$10,000 BMN --
BMT $1-$10,000 BMT --
BRM $1-$10,000 BRM --
BKN $1-$10,000 BKN --
BCT $1-$10,000 BCT --
BQT $1-$10,000 BQT --
BSD $1-$10,000 BSD --
BHY $10,001-$50,000 BHY --
BNA $1-$10,000 BNA --
RNJ $1-$10,000 RNJ --
BNJ $1-$10,000 BNJ --
BFK $1-$10,000 BFK --
BPK $1-$10,000 BPK --
BHK $1-$10,000 BHK --
Ralph L. Schlosstein BKT $10,001-$50,000 $50,001-$100,000 BKT -- $50,0001-$100,000(2)
BAT $1-$10,000 BAT --
BGT $1-$10,000 BGT --
BMN $1-$10,000 BMN --
BMT $1-$10,000 BMT --
BRM $1-$10,000 BRM --
BKN $1-$10,000 BKN --
BCT $1-$10,000 BCT --
BQT $1-$10,000 BQT --
BSD $1-$10,000 BSD --
12
AGGREGATE AGGREGATE DOLLAR
NAME DOLLAR RANGE OF EQUITY DOLLAR RANGE OF DOLLAR RANGE OF SHARE RANGE OF EQUITY
- ---- SECURITIES IN EACH TRUST(1)(2) EQUITY EQUIVALENTS IN EACH TRUST SECURITIES AND
------------------------------ SECURITIES OF ALL ------------------------- SHARE EQUIVALENTS
TRUST DOLLAR RANGE TRUSTS(1)(2) TRUST DOLLAR RANGE OF ALL THE TRUSTS
----- ------------ ------------ ----- ------------ -----------------
Ralph L. Schlosstein BHY $10,001-$50,000 BHY --
(cont.) BNA $10,001-$50,000 BNA --
BKN $1-$10,000 BKN --
RNY $1-$10,000 RNY --
BFK $1-$10,000 BFK --
BPK $1-$10,000 BPK --
BHK $1-$10,000 BHK --
BNY $1-$10,000 BNY --
BLH $1-$10,000 BLH --
INDEPENDENT DIRECTORS:
Andrew F. Brimmer BKT $1-$10,000 $1-$10,000 BKT $1-$10,000 $50,001-$100,000
BAT $1-$10,000 BAT $1-$10,000
BGT $1-$10,000 BGT --
BMN $1-$10,000 BMN --
BMT $1-$10,000 BMT --
BRM $1-$10,000 BRM --
BKN $1-$10,000 BKN --
BCT $1-$10,000 BCT $1-$10,000
BQT $1-$10,000 BQT $1-$10,000
BSD $1-$10,000 BSD --
BHY $1-$10,000 BHY $1-$10,000
BNA $1-$10,000 BNA $1-$10,000
BFK $1-$10,000 BFK --
BPK $1-$10,000 BPK --
BHK $1-$10,000 BHK --
Richard E. Cavanagh BKT $1-$10,000 $10,000-$50,000 BKT $10,001-$50,000 $50,001-$100,000
BAT $1-$10,000 BAT --
BGT $1-$10,000 BGT --
BMN $1-$10,000 BMN --
BMT $1-$10,000 BMT --
BRM $1-$10,000 BRM --
BKN $1-$10,000 BKN --
BCT $1-$10,000 BCT --
BQT $1-$10,000 BQT --
BSD $1-$10,000 BSD --
BHY $1-$10,000 BHY $10,001-$50,000
BNA $1-$10,000 BNA --
BRF $1-$10,000 BRF --
RFA $1-$10,000 RFA --
BFK $1-$10,000 BFK --
BPK $1-$10,000 BPK --
BHK $1-$10,000 BHK --
BNY $1-$10,000 BNY --
BLH $1-$10,000 BLH --
Kent Dixon BKT over $100,000 over $100,000 BKT -- over $100,000
BAT $1-$10,000 BAT --
BGT $1-$10,000 BGT --
BMN $1-$10,000 BMN --
13
AGGREGATE AGGREGATE DOLLAR
NAME DOLLAR RANGE OF EQUITY DOLLAR RANGE OF DOLLAR RANGE OF SHARE RANGE OF EQUITY
- ---- SECURITIES IN EACH TRUST(1)(2) EQUITY EQUIVALENTS IN EACH TRUST SECURITIES AND
------------------------------ SECURITIES OF ALL ------------------------- SHARE EQUIVALENTS
TRUST DOLLAR RANGE TRUSTS(1)(2) TRUST DOLLAR RANGE OF ALL THE TRUSTS
----- ------------ ------------ ----- ------------ -----------------
Kent Dixon BMT $1-$10,000 BMT --
(cont.) BRM $1-$10,000 BRM --
BKN $1-$10,000 BKN --
BCT $1-$10,000 BCT --
BQT $1-$10,000 BQT --
BSD $1-$10,000 BSD --
BHY $50,001-$100,000 BHY --
BNA $1-$10,000 BNA --
BRF $1-$10,000 BRF --
RFA $1-$10,000 RFA --
BFK $1-$10,000 BFK --
BPK $1-$10,000 BPK --
BHK $1-$10,000 BHK --
BBF $1-$10,000 BBF --
Frank J. Fabozzi BKT $1-$10,000 $1-$10,000 BKT -- $1-$10,000
BAT $1-$10,000 BAT --
BGT $1-$10,000 BGT --
BMN $1-$10,000 BMN --
BMT $1-$10,000 BMT --
BRM $1-$10,000 BRM --
BKN $1-$10,000 BKN --
BCT $1-$10,000 BCT --
BQT $1-$10,000 BQT --
BSD $1-$10,000 BSD --
BHY $1-$10,000 BHY --
BNA $1-$10,000 BNA --
BPS $1-$10,000 BPS --
BFK $1-$10,000 BFK --
BPK $1-$10,000 BPK --
BHK $1-$10,000 BHK --
James Clayburn La BKT $1-$10,000 $50,001-$100,000 BKT $10,001-$50,000 over $100,000
Force, Jr. BAT $1-$10,000 BAT $10,001-$50,000
BGT $1-$10,000 BGT --
BMN $1-$10,000 BMN --
BMT $1-$10,000 BMT --
BRM $1-$10,000 BRM --
BKN $1-$10,000 BKN --
BCT $1-$10,000 BCT $10,001-$50,000
BQT $1-$10,000 BQT $10,001-$50,000
BSD $10,001-$50,000 BSD --
BHY $10,001-$50,000 BHY $10,001-$50,000
BNA $1-$10,000 BNA $10,001-$50,000
BFC $50,001-$100,000 BFC --
RAA $1-$10,000 RAA --
BFK $1-$10,000 BFK --
BPK $1-$10,000 BPK --
BHK $1-$10,000 BHK --
BFZ $1-$10,000 BFZ --
BJZ $1-$10,000 BJZ --
14
AGGREGATE AGGREGATE DOLLAR
NAME DOLLAR RANGE OF EQUITY DOLLAR RANGE OF DOLLAR RANGE OF SHARE RANGE OF EQUITY
- ---- SECURITIES IN EACH TRUST(1)(2) EQUITY EQUIVALENTS IN EACH TRUST SECURITIES AND
------------------------------ SECURITIES OF ALL ------------------------- SHARE EQUIVALENTS
TRUST DOLLAR RANGE TRUSTS(1)(2) TRUST DOLLAR RANGE OF ALL THE TRUSTS
----- ------------ ------------ ----- ------------ -----------------
Walter F. Mondale BKT $1-$10,000 $50,001-$100,000 BKT $10,001-$50,000 over $100,000
BAT $1-$10,000 BAT $10,001-$50,000
BGT $1-$10,000 BGT --
BMN $10,001-$50,000 BMN --
BMT $10,001-$50,000 BMT --
BRM $1-$10,000 BRM --
BKN $1-$10,000 BKN --
BCT $1-$10,000 BCT $10,001-$50,000
BQT $1-$10,000 BQT $10,001-$50,000
BSD $1-$10,000 BSD --
BHY $1-$10,000 BHY $10,001-$50,000
BNA $1-$10,000 BNA $10,001-$50,000
BFK $1-$10,000 BFK --
BPK $10,001-$50,000 BPK --
BHK $10,001-$50,000 BHK --
--------------
(1) As of February 28, 2002. If a Trust is not listed the Director does not own
any shares of the Trust.
(2) Messrs. Fink and Schlosstein are not eligible to participate in the
deferred compensation plan. Therefore, they own the same amount of equity
securities without share equivalents as equity securities including share
equivalents.
MEETINGS AND COMMITTEES OF THE BOARD OF EACH TRUST
MEETINGS OF THE BOARDS
Eight meetings of the Board of BNA and six meetings of the Boards of
BCT, BHY, BKN, BKT, RAA, RFA, RNJ and RNY were held between November 1, 2000 and
October 31, 2001. Seven meetings of the Boards of BMN, BFC, BLN, BMT, BRF and
BRM and six meetings of the Boards of BPS, BQT, BAT, BGT and BSD were held
between January 1, 2001 and December 31, 2001.
Each Trust has an Executive Committee composed of Messrs. Fink and
Schlosstein. Seven meetings of the Executive Committee of BCT, BHY, BKN, BKT,
BNA, RAA, RFA, RNJ and RNY and were held between November 1, 2000 and October
31, 2001. Seven meetings of the Executive Committee of BAT, BFC, BGT, BLN, BMN,
BMT, BPS, BRF, BRM, BQT and BSD were held between January 1, 2001 and December
31, 2001.
AUDIT COMMITTEE
Each of the Trusts has an Audit Committee composed of all the Directors
who are not interested persons of such Trust or the Advisor (the "Independent
Directors") which is charged with recommending a firm of independent accountants
to its respective Trust and reviewing accounting matters with the accountants.
With respect to BCT, BHY, BKN, BKT, BNA, RAA, RFA, RNJ and RNY, there were four
meetings of the Audit Committee held between November 1, 2000 and October 31,
2001, two of which were "in person" and two of which were telephonic. With
respect to BAT, BFC, BGT, BLN, BMN, BMT, BPS, BRF, BRM, BQT and BSD, there were
two meetings of the Audit Committee held between January 1, 2001 and December
31, 2001.
15
The Audit Committee of the Trusts present the following report:
The Audit Committee of each Trust (except for BHK and BHD) has
performed the following functions: (i) the Audit Committee reviewed and
discussed the audited financial statements of each Trust with management of each
respective Trust, (ii) the Audit Committee discussed with the independent
auditors the matters required to be discussed by the Statements on Auditing
Standards No. 61, (iii) the Audit Committee received the written disclosures and
the letter from the independent auditors required by ISB Standard No. 1 and has
discussed with the auditors the auditors' independence and (iv) the Audit
Committee recommended to the Board of Directors of each Trust that the financial
statements be included in each Trust's Annual Report for the past fiscal year.
BHK and BHD are newly organized and do not, as of yet, have audited
year-end financial statements. As a result, BHK's and BHD's Audit Committees
have not performed any of the above functions.
The Audit Committee is governed by a written charter, which is attached
hereto as Appendix A and will be attached every third year going forward.
The members of the Audit Committee of each Trust are Messrs. Brimmer,
(Chairman of the Audit Committee), Cavanagh, Dixon, Fabozzi, La Force and
Mondale.
GOVERNANCE COMMITTEE
Each of the Trusts has a Governance Committee composed of the
Independent Directors. As part of its duties, the Governance Committee makes
recommendations to the full Board of each Trust with respect to candidates for
the Board and with respect to the compensation of Directors. With respect to
BNA, there were five meetings of the Governance Committee and with respect to
BCT, BHY, BKN, BKT, RAA, RFA, RNJ and RNY, there were four meetings of the
Governance Committee held between November 1, 2000 and October 31, 2001. With
respect to BAT, BFC, BGT, BLN, BMN, BMT, BPS, BSD, BRF, BRM and BQT, there were
four meetings of the Governance Committee held between January 1, 2001 and
December 31, 2001.
DIRECTORS' ATTENDANCE
With respect to each Trust, all Directors attended during such Trust's
last full fiscal year at least 75% of the aggregate of: (i) all regular meetings
of the Board of the Trust, and (ii) all meetings of all committees of the Board
of the Trust on which they served.
Meeting information and Directors' attendance for BBF, BFK, BFZ, BNJ,
BNY, BJZ, BPK, BLH, BHK and BHD has not been provided because such Trusts have
not been in operation for a full fiscal year.
OFFICERS OF THE TRUST
In addition to Messrs. Fink and Schlosstein, all the following
executive officers except Messrs. Schaney, and Klingert, hold the same position
with each of the Trusts. With respect to Mr. Klingert, he is an officer of BRM,
BLN, BFC, BRF, BKN, BMN, RAA, RFA, RNJ, RNY, BPS, BSD, BMT, BBF, BFK, BFZ, BNJ,
BNY, BJZ, BPK and BLH only. With respect to Mr. Schaney, he is an officer of
BHY, BHK and BHD only.
16
OTHER PRINCIPAL OCCUPATIONS
NAME AND AGE TITLE IN PAST 5 YEARS
- ------------------------------------ ----------------------------- ------------------------------------------
Anne F. Ackerley Secretary Managing Director of BlackRock, Inc. since
Age: 40 2000. Formerly First Vice President and
Chief Operating Officer, Mergers and
Acquisitions Group at Merrill Lynch & Co.
from 1997 to 2000; First Vice President and
Chief Operating Officer, Public Finance
Group at Merrill Lynch & Co. from 1995 to
1997; First Vice President, Emerging
Markets Fixed Income Research at Merrill
Lynch & Co. prior thereto.
Henry Gabbay Treasurer Managing Director of BlackRock, Inc. and
Age: 54 its predecessor entities.
Robert S. Kapito Vice President Vice Chairman and Managing Director of
Age: 45 BlackRock, Inc. and its predecessor
entities.
Kevin Klingert Vice President Managing Director of BlackRock, Inc. and
Age: 39 its predecessor entities.
James Kong Assistant Treasurer Managing Director of BlackRock, Inc. and
Age: 41 its predecessor entities.
Dennis Schaney Vice President Managing Director of BlackRock, Inc. and
Age: 45 its predecessor entities and head of the
High Yield Group since February 1998.
Formerly, Managing Director Merrill Lynch &
Co. in the Global Fixed Income Research and
Economics Department.
Richard Shea, Esq. Vice President/ Tax Managing Director of BlackRock, Inc. since
Age: 42 2000; Chief Operating Officer and Chief
Financial Officer of Anthracite Capital,
Inc. since 1998. Formerly, Director of
BlackRock, Inc. and its predecessor
entities.
REMUNERATION
The following table sets forth certain information regarding the
compensation of the Trusts' directors.
TOTAL COMPENSATION
FROM THE FUND COMPLEX
NAME OF PERSON PAID TO DIRECTORS (1)
- ------------------------------------ -----------------------------------
Andrew F. Brimmer $195,000(3)
Richard E. Cavanagh $160,000(2)
Kent Dixon $160,000(2)
Frank J. Fabozzi $160,000(2)
James Clayburn La Force, Jr. $160,000(2)
Walter F. Mondale $160,000(2)
- ----------------
(1) Represents the total compensation earned by such persons during the
calendar year ended December 31, 2001 from the thirty closed-end funds
advised by the Advisor (the "Fund Complex"). One of these funds, BTM,
liquidated on June 29, 2001.
17
(2) Represents the aggregate compensation earned by such persons during the
calendar year ended December 31, 2001. Of this amount, Messrs. Brimmer,
Cavanagh, Dixon, Fabozzi, La Force and Mondale deferred $24,000,
$24,000, $0, $0, $139,000 and $68,000, respectively, pursuant to the
Fund Complex's deferred compensation plan (described below).
(3) Dr. Brimmer serves as "lead director" for each Board in the Fund
Complex. For his services as lead director, Dr. Brimmer is compensated
in the amount of $40,000 per annum by the Fund Complex allocated among
the Trusts in the Fund Complex based on each Trust's relative net
assets.
Each Independent Director receives an annual fee calculated as
follows: (i) $6,000 from each Trust in the Fund Complex and (ii) $1,500 for each
meeting of each Board in the Fund Complex attended by such Independent Director.
The total annual aggregate compensation for each Independent Director is capped
at $160,000 per annum. In the event that the $160,000 cap is met with respect to
an Independent Director, the amount of the Independent Director's fee borne by
each Trust in the Fund Complex is reduced by reference to the net assets of the
Trust relative to the other Trusts in the Fund Complex (subject to a $2,000
minimum per Director). In addition, the attendance fees of each Independent
Director of the Trusts are reduced proportionately, based on each respective
Trust's net assets, so that the aggregate per meeting fee for all meetings of
the Boards of the Trusts held on a single day does not exceed $20,000 for any
Director. For BAT, BGT, BRM, BLN, BFC, BRF, BMN, BQT, BPS, BSD, BMT, BBF, BFK,
BFZ, BNJ, BNY, BJZ, BPK and BLH fees of $30,500, $75,500, $74,900, $52,800,
$50,800, $39,600, $75,000, $74,200, $12,200, $30,700, $73,800, $4,600, $19,000,
$9,800, $4,800, $7,500, $4,100, $9,600, and $2,200, respectively, were accrued
by each Trust from January 1, 2001 to December 31, 2001. For BHY, BCT, RAA, RFA,
RNJ, RNY, BKN, BNA, BKT, BHK and BHD fees of $19,600, $13,500, $12,100, $12,100,
$12,100, $12,100, $67,700, $74,500, $74,900, $0 and $0, respectively, were
accrued from November 1, 2000 to October 31, 2001.
None of the Directors received any pension or retirement benefits. None
of the officers of the Trusts received any compensation, including pension or
retirement benefits, from the Trusts for such period. Messrs. Fink, Schlosstein,
Kapito, Gabbay, Klingert, Kong, Schaney, Shea and Ms. Ackerley, officers of the
Trusts, are also affiliated with the Advisor. They receive compensation from the
Advisor or one of its affiliates although under the terms of the investment
advisory agreements some portion of their compensation could be reimbursable by
a particular Trust to the extent such person's working time is devoted to
certain of that particular Trust's operations.
Under the deferred compensation plan (the "Plan"), Independent
Directors may elect to defer receipt of all or a portion of their annual
compensation received from a Trust. Deferred amounts earn a return for the
Directors as though equivalent dollar amounts had been invested in common shares
of certain other Trusts selected by the Directors. This has the same economic
effect for the Directors as if the Directors had invested the deferred amounts
in such other Trusts. The Plan is not funded and obligations thereunder
represent general unsecured claims against the general assets of a Trust. A
Trust may, however, elect to invest in common shares of those Trusts selected by
the Directors in order to match its deferred compensation obligations.
THE BOARD OF EACH TRUST, INCLUDING THE INDEPENDENT DIRECTORS,
UNANIMOUSLY RECOMMENDS THAT YOU VOTE "FOR" THE NOMINEES.
18
ADDITIONAL INFORMATION
INVESTMENT ADVISOR
The Advisor is a wholly-owned subsidiary of BlackRock, Inc.
("BlackRock"), which is one of the largest publicly traded investment management
firms in the United States with approximately $239 billion of assets under
management as of December 31, 2001. BlackRock manages assets on behalf of
institutions and individual investors worldwide, through a variety of equity,
fixed income, liquidity and alternative investment separate accounts and mutual
funds, including the BlackRock Funds and BlackRock Provident Institutional
Funds. In addition, BlackRock provides risk management and investment system
services to a growing number of institutional investors under the BlackRock
Solutions name. Clients are served from BlackRock's headquarters in New York
City, as well as offices in Wilmington, DE, San Francisco, CA, Boston, MA,
Edinburgh, Scotland, Tokyo, Japan and Hong Kong. BlackRock is a member of The
PNC Financial Services Group, Inc. (NYSE: "PNC"), one of the largest diversified
financial services organizations in the United States, and is majority-owned by
PNC and by BlackRock employees.
The executive officers of the Advisor are:
NAME POSITION
- ---- --------
Laurence D. Fink Chief Executive Officer
Ralph L. Schlosstein President
Robert S. Kapito Vice Chairman
Robert P. Connolly General Counsel and Secretary
Mr. Fink is a Director of the Trusts, Mr. Schlosstein is an officer and Director
of the Trusts and Mr. Kapito is an officer of the Trusts.
BlackRock Financial Management, Inc., an affiliate of the Advisor and a
wholly-owned subsidiary of BlackRock, currently serves as Sub-Advisor to BBF,
BFK, BFZ, BNJ, BNY, BJZ, BPK, BLH, BHK and BHD.
INDEPENDENT AUDITORS
Deloitte & Touche LLP ("D&T") has been selected as the independent
auditors by a majority of each Trust's Board, including a majority of the
Independent Directors by vote cast in person, to audit the accounts of each of
the Trusts for and during each Trust's fiscal year ending in 2002. None of the
Trusts knows of any direct or indirect financial interest of D&T in the Trusts.
AUDIT FEES
Each Trust has paid to D&T fees for professional services rendered for
the audit of each Trust's annual financial statements for the most recent fiscal
year (or period) in the following amounts: BKN, $26,000; BRM, $26,000; BFC,
$18,700; BRF, $18,700; BLN, $18,700; BCT, $14,300; BKT, $46,800; BHY, $18,700;
BQT, $42,400; BAT, $21,600; BMN, $33,300; RAA, $7,300; RFA, $7,300; RNJ, $7,300;
RNY, $7,300; BMT, $27,000;
19
BGT, 49,600; BPS, 10,400; BSD, $21,000; BNA, $69,600; BBF, $24,000; BFK,
$24,000; BFZ, $24,000; BNJ, $24,000; BNY, $24,000; BJZ, $24,000; BPK, $24,000
and BLH, $24,000(1).
FINANCIAL INFORMATION SYSTEMS DESIGN AND IMPLEMENTATION FEES
The Trusts, the Advisor, and affiliates of the Advisor performing
services for one or more Trusts paid no fees to D&T in any Trust's most recent
fiscal year for information systems design and implementation.
ALL OTHER FEES
Each Trust paid fees to D&T in the Trust's most recent fiscal year for
services other than those described above in the following amounts: BKN,
$15,790; BRM, $17,324; BFC, $15,287; BRF, $15,018; BLN, $15,339; BCT, $30,713;
BKT, $52,625; BHY, $423; BQT, $23,350; BAT, $22,000; BMN, $11,600; RAA, $0; RFA,
$0; RNJ, $0; RNY, $0; BMT, $17,976; BGT, $41,051; BPS, $8,126; BSD, $8,775; BNA,
$26,025; BBF, $0; BFK, $0; BFZ, $0; BNJ, $0; BNY, $0; BJZ, $0; BPK, $0; and BLH,
$0.(1)
The Advisor and affiliates of the Advisor performing services for one
or more Trusts paid no fees to D&T in any Trust's most recent fiscal year for
services other than those described above or for any other services.
The Audit Committee of the Boards of each Trust have concluded that the
provision of services other than audit services, by D&T to the Trusts, the
Advisor and affiliates of the Advisor that provide services to the Trusts is
compatible with maintaining D&T's independence in performing audit services.
Representatives of D&T will attend the Meeting, will have the
opportunity to make a statement if they desire to do so and will be available to
answer questions.
FINANCIAL STATEMENTS AND OTHER INFORMATION
Each Trust will furnish, without charge, a copy of such Trust's most
recent Annual Report, if any, and the most recent Semi-Annual Report succeeding
the Annual Report, if any, to any stockholder upon request. Requests should be
directed to BlackRock Advisors, Inc., 100 Bellevue Parkway, Wilmington, DE 19809
(telephone number (800) 227-7BFM(7236)).
Quarterly performance and other information regarding the Trusts may be
found on BlackRock's website, which can be accessed at
HTTP://WWW.BLACKROCK.COM/FUNDS/CEFUNDS.HTML. This reference to BlackRock's
website is intended to allow investors to access information regarding the
Trusts and is not intended to incorporate BlackRock's website into this proxy
statement.
PRIVACY PRINCIPLES OF THE TRUSTS
The Trusts are committed to maintaining the privacy of stockholders and
to safeguarding their non-public personal information. The following information
is provided to help you understand what personal information the
- ----------
(1) As newly organized Trusts, BHK and BHD have not completed their initial
fiscal years.
20
Trusts collect, how the Trusts protect that information and why, in certain
cases, the Trusts may share information with select other parties.
Generally, the Trusts do not receive any nonpublic personal information
relating to their stockholders, although certain nonpublic personal information
of their stockholders may become available to the Trusts. The Trusts do not
disclose any nonpublic personal information about their stockholders or former
stockholders to anyone, except as permitted by law or as is necessary in order
to service stockholder accounts (for example, to a transfer agent or third party
administrator).
The Trusts restrict access to nonpublic personal information about the
stockholders to employees of the Advisor with a legitimate business need for the
information. The Trusts maintain physical, electronic and procedural safeguards
designed to protect the nonpublic personal information of their stockholders.
DEADLINE FOR STOCKHOLDER PROPOSALS
Stockholder proposals intended for inclusion in the Trusts' proxy
statement in connection with the Trusts' 2002 annual meeting of stockholders
pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended
(the "Exchange Act") must be received by the Trusts at the Trusts' principal
executive offices by December 2, 2002. In order for proposals made outside of
Rule 14a-8 under the Exchange Act to be considered "timely" within the meaning
of Rule 14a-4(c) under the Exchange Act, such proposals must be received by the
Trusts at the Trusts' principal executive offices not later than February 15,
2003.
OTHER MATTERS
The management knows of no other matters which are to be brought before
the Meeting. However, if any other matters not now known properly come before
the Meeting, it is the intention of the persons named in the enclosed form of
proxy to vote such proxy in accordance with their judgment on such matters.
Very truly yours,
LAURENCE D. FINK
Chairman
RALPH L. SCHLOSSTEIN
President
April 1, 2002
21
APPENDIX A
JOINT AUDIT COMMITTEE CHARTER
OF THE BLACKROCK CLOSED-END FUNDS
STATEMENT OF PURPOSE
The Joint Audit Committee of the BlackRock Closed-End Funds (the "Trusts", each
a "Trust") is charged with providing informed, vigilant and effective oversight
of the Trust's financial reporting process and the internal controls which
protect the integrity of the reporting process.
RESPONSIBILITIES
o Recommending the selection, retention or termination of the Trust's
auditors, including review of factors relating to the independence of
the Trust's public auditors.
o Reviewing with the Trust's auditors the overall scope of the audit.
o Reviewing the Trust's audited financial statements and audit results,
including communications from the auditors relating to the Trust's
accounting practices, procedures and internal accounting controls.
o Presenting the Trust's interim financial statements at an Audit
Committee meeting so that the Audit Committee has the opportunity to
(i) review the materials before distribution to shareholders; and (ii)
discuss any other matters related thereto as the Audit Committee deems
necessary and appropriate.
o Reviewing the adequacy of internal control systems, including internal
audit activities and the security of electronic data processing, if
any.
o Reviewing such other matters regarding the Trust's financial and
accounting practices as it or the Board of Trustees may deem
advisable.
COMPOSITION
The Audit Committee shall be composed of at least three members of the Board of
Trustees, all of whom are "independent" as defined by the New York Stock
Exchange listing standards and the American Stock Exchange listing standards,
respectively. According to the NYSE listing standards, a member is independent
if he/she has no relationship with the Trust that may interfere with the
exercise of his/her independence from BlackRock AND the Trust and is not (i) an
employee of the Trust or BlackRock; (ii) a partner, controlling shareholder or
executive officer of an organization that has a business relationship with the
Trust or has a direct business relationship with the Trust; (iii) employed as an
executive of another company for which an executive of the Trust serves on that
company's compensation committee; and does not (iv) have an immediate family
member who is an executive officer of any Trust or BlackRock.
According to the AMEX listing standards, a member is independent if he/she is
not an officer or employee of the Trust or a person having a relationship which,
in the opinion of the Board of Directors, would interfere with the exercise of
independent judgment in carrying out the responsibilities of a director AND (i)
is not employed by the Trust or BlackRock for the current year or any of the
past three years; (ii) did not receive compensation from the
22
Trust or BlackRock in excess of $60,000 during the previous year, other than as
compensation for board service, benefits under a tax-qualified retirement plan
or non-discretionary compensation; (iii) does not have an immediate family
member who is, or has been in any of the past three years, employed by the Trust
or BlackRock; (iv) is not a partner in, or controlling shareholder or executive
officer of, any for-profit business organization which received payments from or
made payments to the Trust in excess of the greater of 5% gross revenue or
$200,000 in any of the past three years; and (v) is not employed as an executive
of another entity for which any of the Trust's executives serve on that entity's
compensation committee.
Each member must be financially literate (i.e., have a basic understanding of
financial statements) and at least one member must have accounting or related
financial management expertise.
AUTHORITY
The Audit Committee shall have the authority to institute investigations of
suspected improprieties, including the standing authority to retain special
counsel or seek assistance from experts.
INTERACTION WITH MANAGEMENT
Management of the Trust shall inform the Audit Committee in advance of any
proposed changes in accounting or financial reporting practices and of any other
unusual events that could have a significant impact on the Trust's financial
statements. Management shall advise the Audit Committee in advance when it seeks
a second opinion on a significant accounting issue from an accountant that is
not the Trust's independent auditor. The Trust's internal auditor shall have
direct independent access to the Audit Committee.
RESOURCES
The Board of Trustees shall ensure that the Audit Committee had adequate
resources with which to discharge its responsibility.
MEETINGS
The Audit Committee shall meet on a regular basis and special meetings shall be
called as circumstances require. The committee shall meet privately with any
internal auditor and the independent public accountant whenever it believes that
it is necessary to do so.
REPORTING
The Audit Committee shall report its activities to the Board of Trustees on a
regular basis, so that the Board is kept informed of its activities on a current
basis.
The Audit Committee shall also provide relevant proxy disclosure to the Trust
and determine satisfaction of the requirements that the committee has: (i)
reviewed and discussed the audited financial statements with management of the
Trust; (ii) discussed with the independent auditors the matters required to be
discussed by the Statements on Auditing Standards No. 61; (iii) received the
written disclosures and the letter from the independent auditors required by ISB
Standard No. 1 and has discussed with the auditors the auditors' independence;
and whether it (iv) recommended to the Board of Directors of the Trust that the
financial statements be included in the Trust's Annual Report for the past
fiscal year, as filed with the Securities and Exchange Commission.
23
PROXY
THE BLACKROCK
INSURED MUNICIPAL 2008 TERM TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Stockholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
1
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
ANDREW F. BRIMMER
KENT DIXON
LAURENCE D. FINK
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
INSURED MUNICIPAL 2008 TERM TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
2
PROXY
BLACKROCK
MUNICIPAL 2018 TERM TRUST
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of the BlackRock Municipal
2018 Term Trust (the "Trust") held of record by the undersigned on February 28,
2002 at the Annual Meeting of Shareholders of the Trust to be held on May 23,
2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
3
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustee:
JAMES CLAYBURN LA FORCE, JR.
FOR [_] [_] WITHHOLD
=================================================
BLACKROCK
MUNICIPAL 2018 TERM TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
4
PROXY
THE BLACKROCK ADVANTAGE TERM TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
Advantage Term Trust Inc. (the "Trust") held of record by the undersigned on
February 28, 2002 at the Annual Meeting of Stockholders of the Trust to be held
on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
5
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
FRANK J. FABOZZI
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK ADVANTAGE TERM TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
6
PROXY
THE BLACKROCK
BROAD INVESTMENT GRADE 2009 TERM TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
Broad Investment Grade 2009 Term Trust Inc. (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Stockholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
7
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
FRANK J. FABOZZI
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
BROAD INVESTMENT GRADE 2009 TERM TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
8
PROXY
THE BLACKROCK
CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
California Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record
by the undersigned on February 28, 2002 at the Annual Meeting of Stockholders of
the Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
9
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
ANDREW F. BRIMMER
KENT DIXON
LAURENCE D. FINK
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
10
PROXY
BLACKROCK STRATEGIC BOND TRUST
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of the BlackRock Strategic
Bond Trust (the "Trust") held of record by the undersigned on February 28, 2002
at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2002 or
at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
11
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
BLACKROCK STRATEGIC BOND TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
12
PROXY
THE BLACKROCK
INVESTMENT QUALITY MUNICIPAL TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
Investment Quality Municipal Trust Inc. (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Stockholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
13
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
ANDREW F. BRIMMER
KENT DIXON
LAURENCE D. FINK
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
INVESTMENT QUALITY MUNICIPAL TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
14
PROXY
THE BLACKROCK
PENNSYLVANIA STRATEGIC MUNICIPAL TRUST INC.
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of The BlackRock
Pennsylvania Strategic Municipal Trust (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Shareholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
15
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
PENNSYLVANIA STRATEGIC MUNICIPAL TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
16
PROXY
THE BLACKROCK
NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
New York Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by
the undersigned on February 28, 2002 at the Annual Meeting of Stockholders of
the Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
17
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
ANDREW F. BRIMMER
KENT DIXON
LAURENCE D. FINK
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
18
PROXY
BLACKROCK CORE BOND TRUST
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of the BlackRock Core Bond
Trust (the "Trust") held of record by the undersigned on February 28, 2002 at
the Annual Meeting of Shareholders of the Trust to be held on May 23, 2002 or at
any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
19
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
BLACKROCK CORE BOND TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
20
PROXY
BLACKROCK
CALIFORNIA MUNICIPAL 2018 TERM TRUST
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of the BlackRock California
Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on
February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be held
on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
21
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
JAMES CLAYBURN LA FORCE, JR.
FOR [_] [_] WITHHOLD
=================================================
BLACKROCK
CALIFORNIA MUNICIPAL 2018 TERM TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
22
PROXY
THE BLACKROCK
CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
California Investment Quality Municipal Trust Inc. (the "Trust") held of record
by the undersigned on February 28, 2002 at the Annual Meeting of Stockholders of
the Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
23
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
24
PROXY
THE BLACKROCK INCOME TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
Income Trust Inc. (the "Trust") held of record by the undersigned on February
28, 2002 at the Annual Meeting of Stockholders of the Trust to be held on May
23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
25
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK INCOME TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
26
PROXY
THE BLACKROCK STRATEGIC MUNICIPAL TRUST
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of The BlackRock Strategic
Municipal Trust (the "Trust") held of record by the undersigned on February 28,
2002 at the Annual Meeting of Shareholders of the Trust to be held on May 23,
2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
27
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK STRATEGIC MUNICIPAL TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
28
PROXY
BLACKROCK
FLORIDA MUNICIPAL INCOME TRUST
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of the BlackRock Florida
Municipal Income Trust (the "Trust") held of record by the undersigned on
February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be held
on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
29
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
JAMES CLAYBURN LA FORCE, JR.
FOR [_] [_] WITHHOLD
=================================================
BLACKROCK
FLORIDA MUNICIPAL INCOME TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
30
PROXY
THE BLACKROCK
FLORIDA INSURED MUNICIPAL 2008 TERM TRUST
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of The BlackRock Florida
Insured Municipal 2008 Term Trust (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Shareholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
31
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
ANDREW F. BRIMMER
KENT DIXON
LAURENCE D. FINK
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
FLORIDA INSURED MUNICIPAL 2008 TERM TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
32
PROXY
THE BLACKROCK
FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of The BlackRock Florida
Investment Quality Municipal Trust (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Shareholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
33
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
34
PROXY
THE BLACKROCK HIGH YIELD TRUST
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of The BlackRock High Yield
Trust (the "Trust") held of record by the undersigned on February 28, 2002 at
the Annual Meeting of Shareholders of the Trust to be held on May 23, 2002 or at
any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
35
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
ANDREW F. BRIMMER
KENT DIXON
LAURENCE D. FINK
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK HIGH YIELD TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
36
PROXY
BLACKROCK
CALIFORNIA MUNICIPAL INCOME TRUST
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of the BlackRock California
Municipal Income Trust (the "Trust") held of record by the undersigned on
February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be held
on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
37
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
JAMES CLAYBURN LA FORCE, JR.
FOR [_] [_] WITHHOLD
=================================================
BLACKROCK
CALIFORNIA MUNICIPAL INCOME TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
38
PROXY
THE BLACKROCK
INSURED MUNICIPAL TERM TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
Insured Municipal Term Trust Inc. (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Stockholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
39
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
JAMES CLAYBURN LA FORCE, JR.
FOR [_] [_] WITHHOLD
=================================================
THE BLACKROCK
INSURED MUNICIPAL TERM TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
40
PROXY
THE BLACKROCK
INVESTMENT QUALITY TERM TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
Investment Quality Term Trust Inc. (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Stockholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
41
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
INVESTMENT QUALITY TERM TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
42
PROXY
THE BLACKROCK
NEW JERSEY INVESTMENT QUALITY MUNICIPAL INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
New Jersey Investment Quality Municipal Trust Inc. (the "Trust") held of record
by the undersigned on February 28, 2002 at the Annual Meeting of Stockholders of
the Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
43
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
44
PROXY
BLACKROCK MUNICIPAL INCOME TRUST
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of the BlackRock Municipal
Income Trust (the "Trust") held of record by the undersigned on February 28,
2002 at the Annual Meeting of Shareholders of the Trust to be held on May 23,
2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
45
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
JAMES CLAYBURN LA FORCE, JR.
FOR [_] [_] WITHHOLD
=================================================
THE BLACKROCK
MUNICIPAL INCOME TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
46
PROXY
THE BLACKROCK
MUNICIPAL TARGET TERM TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
Municipal Target Term Trust Inc. (the "Trust") held of record by the undersigned
on February 28, 2002 at the Annual Meeting of Stockholders of the Trust to be
held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
47
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Director:
JAMES CLAYBURN LA FORCE, JR.
FOR [_] [_] WITHHOLD
=================================================
THE BLACKROCK
MUNICIPAL TARGET TERM TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
48
PROXY
BLACKROCK
NEW YORK MUNICIPAL 2018 TERM TRUST INC.
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of the BlackRock New York
Municipal 2018 Term Trust Inc. (the "Trust") held of record by the undersigned
on February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be
held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
49
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
JAMES CLAYBURN LA FORCE, JR.
FOR [_] [_] WITHHOLD
=================================================
THE BLACKROCK
NEW YORK MUNICIPAL 2018 TERM TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
50
PROXY
THE BLACKROCK
NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
New York Investment Quality Municipal Trust Inc. (the "Trust") held of record by
the undersigned on February 28, 2002 at the Annual Meeting of Stockholders of
the Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
51
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
52
PROXY
BLACKROCK
NEW YORK MUNICIPAL INCOME TRUST
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of the BlackRock New York
Municipal Income Trust (the "Trust") held of record by the undersigned on
February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be held
on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
53
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
JAMES CLAYBURN LA FORCE, JR.
FOR [_] [_] WITHHOLD
=================================================
BLACKROCK
NEW YORK MUNICIPAL INCOME TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
54
PROXY
THE BLACKROCK
NORTH AMERICAN GOVERNMENT INCOME TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
North American Government Income Trust Inc. (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Stockholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
55
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
NORTH AMERICAN GOVERNMENT INCOME TRUST INC.
=================================================
COMMON STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
56
PROXY
BLACKROCK
NEW JERSEY MUNICIPAL INCOME TRUST INC.
COMMON SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the common shares of the BlackRock New Jersey
Municipal Income Trust Inc. (the "Trust") held of record by the undersigned on
February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be held
on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
57
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
JAMES CLAYBURN LA FORCE, JR.
FOR [_] [_] WITHHOLD
=================================================
BLACKROCK
NEW JERSEY MUNICIPAL INCOME TRUST
=================================================
COMMON SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
58
PROXY
THE BLACKROCK
INSURED MUNICIPAL 2008 TERM TRUST INC.
PREFERRED STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of preferred stock of The
BlackRock Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by
the undersigned on February 28, 2002 at the Annual Meeting of Stockholders of
the Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
59
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
ANDREW F. BRIMMER
KENT DIXON
LAURENCE D. FINK
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
INSURED MUNICIPAL 2008 TERM TRUST INC.
=================================================
PREFERRED STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
60
PROXY
THE BLACKROCK
MUNICIPAL TARGET TERM TRUST INC.
PREFERRED STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of preferred stock of The
BlackRock Municipal Target Term Trust Inc. (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Stockholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
61
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
MUNICIPAL TARGET TERM TRUST INC.
=================================================
PREFERRED STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
62
PROXY
BLACKROCK
MUNICIPAL 2018 TERM TRUST INC.
PREFERRED SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the preferred shares of the BlackRock
Municipal 2018 Term Trust Inc. (the "Trust") held of record by the undersigned
on February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be
held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
63
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
BLACKROCK MUNICIPAL 2018 TERM TRUST
=================================================
PREFERRED SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
64
PROXY
THE BLACKROCK
INSURED MUNICIPAL TERM TRUST INC.
PREFERRED STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of preferred stock of The
BlackRock Insured Municipal Term Trust Inc. (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Stockholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
65
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
INSURED MUNICIPAL TERM TRUST INC.
=================================================
PREFERRED STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
66
PROXY
BLACKROCK
MUNICIPAL INCOME TRUST
PREFERRED SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the preferred shares of the BlackRock
Municipal Income Trust (the "Trust") held of record by the undersigned on
February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be held
on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
67
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
BLACKROCK MUNICIPAL INCOME TRUST
=================================================
PREFERRED SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
68
PROXY
THE BLACKROCK
CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC.
PREFERRED STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of preferred stock of The
BlackRock California Investment Quality Municipal Trust Inc. (the "Trust") held
of record by the undersigned on February 28, 2002 at the Annual Meeting of
Stockholders of the Trust to be held on May 23, 2002 or at any adjournments
thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
69
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
FRANK J. FABOZZI
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC.
=================================================
PREFERRED STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
70
PROXY
BLACKROCK
CALIFORNIA MUNICIPAL INCOME TRUST
PREFERRED SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the preferred shares of the BlackRock
California Municipal Income Trust (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Shareholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
71
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
BLACKROCK
CALIFORNIA MUNICIPAL INCOME TRUST
=================================================
PREFERRED SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
72
PROXY
BLACKROCK
CALIFORNIA MUNICIPAL 2018 TERM TRUST
PREFERRED SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the preferred shares of the BlackRock
California Municipal 2018 Term Trust (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Shareholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
73
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
BLACKROCK
CALIFORNIA MUNICIPAL 2018 TERM TRUST
=================================================
PREFERRED SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
74
PROXY
THE BLACKROCK
NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC.
PREFERRED STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of preferred stock of The
BlackRock New York Insured Municipal 2008 Term Trust Inc. (the "Trust") held of
record by the undersigned on February 28, 2002 at the Annual Meeting of
Stockholders of the Trust to be held on May 23, 2002 or at any adjournments
thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
75
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
ANDREW F. BRIMMER
KENT DIXON
LAURENCE D. FINK
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC.
=================================================
PREFERRED STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
76
PROXY
BLACKROCK
NEW YORK MUNICIPAL 2018 TERM TRUST
PREFERRED SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the preferred shares of the BlackRock New
York Municipal 2018 Term Trust (the "Trust") held of record by the undersigned
on February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be
held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
77
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
BLACKROCK
NEW YORK MUNICIPAL 2018 TERM TRUST
=================================================
PREFERRED SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
78
PROXY
THE BLACKROCK
CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC.
PREFERRED STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of preferred stock of The
BlackRock California Insured Municipal 2008 Term Trust Inc. (the "Trust") held
of record by the undersigned on February 28, 2002 at the Annual Meeting of
Stockholders of the Trust to be held on May 23, 2002 or at any adjournments
thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
79
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
ANDREW F. BRIMMER
KENT DIXON
LAURENCE D. FINK
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC.
=================================================
PREFERRED STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
80
PROXY
THE BLACKROCK
PENNSYLVANIA STRATEGIC MUNICIPAL TRUST
PREFERRED SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the preferred shares of The BlackRock
Pennsylvania Strategic Municipal Trust (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Shareholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
81
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
FRANK J. FABOZZI
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
PENNSYLVANIA STRATEGIC MUNICIPAL TRUST
=================================================
PREFERRED SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
82
PROXY
BLACKROCK
NEW JERSEY MUNICIPAL INCOME TRUST
PREFERRED SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the preferred shares of the BlackRock New
Jersey Municipal Income Trust (the "Trust") held of record by the undersigned on
February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be held
on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
83
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
BLACKROCK
NEW JERSEY MUNICIPAL INCOME TRUST
=================================================
PREFERRED SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
84
PROXY
BLACKROCK
FLORIDA MUNICIPAL INCOME TRUST
PREFERRED SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the preferred shares of the BlackRock Florida
Municipal Income Trust (the "Trust") held of record by the undersigned on
February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be held
on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
85
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
BLACKROCK
FLORIDA MUNICIPAL INCOME TRUST
=================================================
PREFERRED SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
86
PROXY
BLACKROCK
NEW YORK MUNICIPAL INCOME TRUST
PREFERRED SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the preferred shares of the BlackRock New
York Municipal Income Trust (the "Trust") held of record by the undersigned on
February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be held
on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
87
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
RICHARD E. CAVANAGH
JAMES CLAYBURN LA FORCE, JR.
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
BLACKROCK
NEW YORK MUNICIPAL INCOME TRUST
=================================================
PREFERRED SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
88
PROXY
THE BLACKROCK
FLORIDA INSURED MUNICIPAL 2008 TERM TRUST
PREFERRED SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the preferred shares of The BlackRock Florida
Insured Municipal 2008 Term Trust (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Shareholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
89
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
ANDREW F. BRIMMER
KENT DIXON
LAURENCE D. FINK
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
FLORIDA INSURED MUNICIPAL 2008 TERM TRUST
=================================================
PREFERRED SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
90
PROXY
THE BLACKROCK
FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST
PREFERRED SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the preferrred shares of The BlackRock
Florida Investment Quality Municipal Trust (the "Trust") held of record by the
undersigned on February 28, 2002 at the Annual Meeting of Shareholders of the
Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
91
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
FRANK J. FABOZZI
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST
=================================================
PREFERRED SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
92
PROXY
THE BLACKROCK STRATEGIC MUNICIPAL TRUST
PREFERRED SHARES
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the preferred shares of The BlackRock
Strategic Municipal Trust (the "Trust") held of record by the undersigned on
February 28, 2002 at the Annual Meeting of Shareholders of the Trust to be held
on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
93
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Trustees:
FRANK J. FABOZZI
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK STRATEGIC MUNICIPAL TRUST
=================================================
PREFERRED SHARES
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
94
PROXY
THE BLACKROCK
INVESTMENT QUALITY MUNICIPAL TRUST INC.
PREFERRED STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of preferred stock of The
BlackRock Investment Quality Municipal Trust Inc. (the "Trust") held of record
by the undersigned on February 28, 2002 at the Annual Meeting of Stockholders of
the Trust to be held on May 23, 2002 or at any adjournments thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
95
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
ANDREW F. BRIMMER
KENT DIXON
LAURENCE D. FINK
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
INVESTMENT QUALITY MUNICIPAL TRUST INC.
=================================================
PREFERRED STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
96
PROXY
THE BLACKROCK
NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC.
PREFERRED STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of preferred stock of The
BlackRock New York Investment Quality Municipal Trust Inc. (the "Trust") held of
record by the undersigned on February 28, 2002 at the Annual Meeting of
Stockholders of the Trust to be held on May 23, 2002 or at any adjournments
thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
97
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
FRANK J. FABOZZI
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC.
=================================================
PREFERRED STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
________________________________________________________________________________
98
PROXY
THE BLACKROCK
NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC.
PREFERRED STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of preferred stock of The
BlackRock New Jersey Investment Quality Municipal Trust Inc. (the "Trust") held
of record by the undersigned on February 28, 2002 at the Annual Meeting of
Stockholders of the Trust to be held on May 23, 2002 or at any adjournments
thereof.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
- --------------------------------------------------------------------------------
PLEASE MARK BOXES IN BLUE OR BLACK INK.
SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY
USING THE ENCLOSED POSTAGE PAID ENVELOPE.
- --------------------------------------------------------------------------------
HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
- --------------------------------------- ---------------------------------------
________________________________________________________________________________
99
[X] PLEASE MARK
VOTES AS IN
THIS EXAMPLE.
1. Election of Directors:
FRANK J. FABOZZI
WALTER F. MONDALE
RALPH L. SCHLOSSTEIN
FOR WITHHOLD
ALL [_] [_] FROM ALL
NOMINEES NOMINEES
[_] ______________________________________
For all nominees except as noted above
=================================================
THE BLACKROCK
NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC.
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PREFERRED STOCK
Mark box at right if an address change or comment has been [_]
noted on the reverse side of this card.
Please be sure to sign and date this Proxy.
Signature:___________________________________________ Date:___________________
Co-owner Signature:__________________________________ Date:___________________
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100
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1. ELECTION OF DIRECTORS FOR ALL FOR ALL
NOMINEES WITHHOLD EXCEPT
Frank J. Fabozzi [_] [_] [_]
Walter F. Mondale
Ralph L. Schlosstein
Instruction: To withhold authority "For" any individual
nominee, mark the "For All Except" box and strike
a line through the nominee's name in the list above.
[X] PLEASE MARK VOTES AS IN THIS EXAMPLE
Mark box at right if comment or address change
has been noted on the reverse side of this card. [_]
THE BLACKROCK
STRATEGIC TERM TRUST INC.
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COMMON STOCK
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Please be sure to sign and date this Proxy. Date
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Shareholder sign here
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Co-owner sign here
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(over)
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^ PLEASE DETACH AT PERFORATION ALONG DOTTED LINE ^
THE BLACKROCK STRATEGIC TERM TRUST INC.
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IMPORTANT
PLEASE SEND IN YOUR PROXY...TODAY!
YOU ARE URGED TO DATE AND SIGN THE ATTACHED PROXY AND
RETURN IT PROMPTLY IN THE ENCLOSED ENVELOPE. THIS WILL
HELP SAVE THE EXPENSE OF FOLLOW-UP LETTERS TO SHARE-
HOLDERS WHO HAVE NOT RESPONDED.
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101
PROXY
THE BLACKROCK STRATEGIC TERM TRUST INC.
COMMON STOCK
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS.
The undersigned hereby appoints Anne F. Ackerley, Robert S. Kapito and Henry
Gabbay, and each of them, as proxies, each with the power to appoint his or her
substitute, and hereby authorizes them to represent and to vote, as designated
on the reverse side hereof, all of the shares of common stock of The BlackRock
Strategic Term Trust Inc. (the "Trust") held of record by the undersigned on
February 28, 2002 at the Annual Meeting of Stockholders of the Trust to be held
on May 23, 2002 or at any adjournments thereof.
PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD
PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.
(CONTINUED FROM OTHER SIDE)
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE
VOTED FOR THE PROPOSAL.
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^ PLEASE DETACH AT PERFORATION ALONG DOTTED LINE ^
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