April 18, 2011 at 18:27 PM EDT
BlackRock Closed-End Funds Announce Appointment of New Director/Trustee

The BlackRock Closed-End Funds (each a "Fund" and collectively, the "Funds") announced today that Mr. Michael J. Castellano has been appointed by the Board of Directors/Trustees of each Fund to serve as an independent director/trustee of each of the Funds, effective April 14, 2011. In addition, Mr. Castellano was appointed to the Audit Committee of each of the Funds.

Mr. Castellano served as Chief Financial Officer of Lazard from August 2001 until his retirement at the end of March 2011. Prior to joining Lazard, Mr. Castellano held various senior management positions at Merrill Lynch & Co. and was a partner with Deloitte & Touche where he served a number of investment banking clients for 24 years.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2010, BlackRock’s AUM was $3.561 trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of December 31, 2010, the firm has approximately 9,100 employees in 25 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the firm’s website at www.blackrock.com

Forward-Looking Statements

This press release, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to each Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in the Fund’s net asset value; (2) the relative and absolute investment performance of the Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the recently approved Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) BlackRock’s success in maintaining secondary market support for the Fund; (11) the impact of BlackRock electing to provide support to its products from time to time; (12) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions; and (13) the ability of BlackRock to integrate the operations of Barclays Global Investors.

The Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at www.sec.govand on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on our website is not a part of this press release.

Contacts:

BlackRock Closed-End Funds
1-800-882-0052
Related Stocks:
BLACK ROCK NEW YORK MUNICIPAL INCOME TRUST II BLACKOCK MUNIHOLDINGS INVESTMENT QUALITY FUND BLACKROCK BUILD AMERICA BOND TRUST BLACKROCK CA MUNI 2018 TRM TR BLACKROCK CA MUNICIPAL INC TR BLACKROCK CORE BD TR BLACKROCK CORPORATE HIGH YIELD FUND, Inc. BLACKROCK CREDIT ALLOCATION INCOME TRUST BLACKROCK DEBT STRATEGIES FUND, Inc. BLACKROCK DEFINED OPPORUNITY CREDIT TRUST BLACKROCK DIVIDEND INCOME TRUST BLACKROCK ECOSOLUTIONS INVESTMENT TRUST BLACKROCK ENERGY AND RESOURCES TRUST BLACKROCK ENHANCED CAPTIAL AND INCOME FUND, Inc. BLACKROCK ENHANCED EQUITY DIVIDEND TRUST BLACKROCK ENHANCED GOVERNMENT FUND, Inc. BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, Inc. BLACKROCK FLOATING RATE INCOME TRUST BLACKROCK FLORIDA MUNICIPAL 2020 TERM TRUST BLACKROCK GLOBAL OPPORTUNITIES EQUITY TRUST BLACKROCK HEALTH SCIENCES TRUST BLACKROCK INCOME OPPORTUNITY TRUST, Inc. BLACKROCK INCOME TRUST BLACKROCK INTERNATIONAL REAL ESTATE FUND, Inc. BLACKROCK INV QUAL MUNI TR BLACKROCK LIMITED DURATION INCOME TRUST BLACKROCK LONG-TERM MUNICIPAL ADVANTAGE TRUST BLACKROCK MARYLAND MUNI BOND TRUST BLACKROCK MUNI 2018 TRM TR BLACKROCK MUNI ASSETS FUND, Inc. BLACKROCK MUNI ENHANCED FUND, Inc. BLACKROCK MUNI NEW YORK INTERMEDIATE DURATION FUND, Inc. BLACKROCK MUNI YIELD FUND, Inc. BLACKROCK MUNI YIELD INSURED FUND, Inc. BLACKROCK MUNI YIELD CALIFORNIA FUND, Inc. BLACKROCK MUNI YIELD NEW JERSEY FUND, Inc. BLACKROCK MUNI YIELD NEW JERSEY INSURED FUND, Inc. BLACKROCK MUNI YIELD QUALITY FUND II, Inc. BLACKROCK MUNI YIELD QUALITY FUND, Inc. BLACKROCK MUNICIPAL 2020 TERM TRUST BLACKROCK MUNICIPAL BOND TRUST BLACKROCK MUNICIPAL INCOME INVESTMENT QUALITY TRUST BLACKROCK MUNICIPAL INCOME QUALITY TRUST BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND, Inc. BLACKROCK MUNIHOLDINGS FUND II, Inc. BLACKROCK MUNIHOLDINGS FUND, Inc. BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, Inc. BLACKROCK MUNIHOLDINGS QUALITY FUND II, Inc. BLACKROCK MUNIHOLDINGS QUALITY FUND, Inc. BLACKROCK MUNIVEST FUND II BLACKROCK MUNIVEST FUND, Inc. BLACKROCK MUNIYIELD ARIZONA FUND, Inc. BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, Inc. BLACKROCK MUNIYIELD FUND, Inc. BLACKROCK MUNIYIELD INVESTMENT QUALITY FUND BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND II, Inc. BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. I BLACKROCK MUNIYIELD NEW JERSEY QUALITY FUND, Inc. BLACKROCK MUNIYIELD NEW YORK QUALITY FUND, Inc. BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND BLACKROCK MUNIYIELD QUALITY FUND III, Inc. BLACKROCK N JERSEY MUNI BOND TRUST BLACKROCK NEW YORK MUNICIPAL BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II BLACKROCK NJ MUNICIPAL INC TR BLACKROCK NY MUNI 2018 TRM TR BLACKROCK NY MUNICIPAL INC TR BLACKROCK PA STRATEGIC MUNI TR BLACKROCK REAL ASSET EQUITY TRUST BLACKROCK RESOURCES & COMMODITIES STRATEGY TRUST BLACKROCK STRATEGIC MUNI TR BLACKROCK VIRGINIA MUNI BOND TRUST BlackRock Corporate High Yield Fund BlackRock Corporate High Yield Fund III BlackRock Corporate High Yield Fund V, Inc. BlackRock High Income Shares BlackRock High Yield Trust BlackRock Senior High Income, Inc. BlackRock Strategic Bond Trust Blackrock Massachusetts Tax-Exempt Trust ISHARES MSCI BRIC ETF ISHARES MSCI BRIC ETF
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here