BlackRock Advisors, LLC today announced that revised fund earnings data, as of July 31, 2011, is now available for BlackRock municipal closed-end funds. Previously, the 3-month average earned rate for the following funds was reported incorrectly:

     
Fund   Ticker
BlackRock MuniYield California Quality Fund, Inc.   MCA
BlackRock MuniEnhanced Fund, Inc.   MEN
BlackRock MuniHoldings Investment Quality Fund   MFL
BlackRock MuniHoldings New York Quality Fund, Inc.   MHN
BlackRock MuniYield Michigan Quality Fund, Inc.   MIY
BlackRock MuniYield New Jersey Quality Fund, Inc.   MJI
BlackRock MuniYield Pennsylvania Quality Fund   MPA
BlackRock Muni Intermediate Duration Fund, Inc.   MUI
BlackRock MuniHoldings New Jersey Quality Fund, Inc.   MUJ
BlackRock MuniYield California Fund, Inc.   MYC
BlackRock MuniYield Fund, Inc.   MYD
BlackRock MuniYield Investment Fund   MYF
BlackRock MuniYield Quality Fund III, Inc.   MYI
BlackRock MuniYield New Jersey Fund, Inc.   MYJ
BlackRock MuniYield Michigan Quality Fund II, Inc.   MYM
BlackRock MuniYield New York Quality Fund, Inc.   MYN
BlackRock MuniYield Arizona Fund, Inc.   MZA
 

The revised document is now available in the "Closed-End Funds" section of BlackRock's website at www.blackrock.com. BlackRock will update performance and certain other data for the funds on a monthly basis on its website in the "Closed-end Funds" section of www.blackrock.com. Investors and others are advised to periodically check the website for updated performance information and the release of other material information about the funds.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2011, BlackRock's AUM was $3.659 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 June 30, 2011, the firm has approximately 9,700 employees in 26 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 the 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 Fund with the Securities and Exchange Commission ("SEC") are accessible on the SEC's website at www.sec.gov and on BlackRock's website at www.blackrock.com, and may discuss these or other factors that affect the Fund. The information contained on our website is not a part of this press release.

BlackRock Closed-End Funds
1-800-882-0052