BlackRock Debt Strategies Fund : 2023 Taxable Closed-End Fund Distribution Breakdown

BlackRock Taxable Closed-End Funds

Summary of Dividends Paid

Calendar Year 2023

		Tax Characteristic as a % of Total Distributions		For Non-Resident Aliens and Foreign Corporations
		Net	Short-Term	Long-Term	Return of	Qualified	Qualified Investment Income	Eligible for Exemption from
Fund Name	Ticker	Investment	Capital	Capital	Dividend	U.S. Withholding Tax
Capital Gains	(QII) as a % of NII	8
		Income (NII)	Gains5	(ROC)6	Income (QDI)7		(% of Total Distributions)
BlackRock Resources & Commdities Strategy Trust	BCX1,2,3	45.62%	0.00%	0.00%	54.38%	45.62%	3.33%		55.90%
BlackRock Enhanced Equity Dividend Trust	BDJ2	17.31%	7.23%	75.46%	0.00%	22.09%	5.41%		83.63%
BlackRock Energy & Resources Trust	BGR2,3	48.34%	0.00%	0.00%	51.66%	48.34%	1.95%		52.60%
BlackRock Innovation and Growth Term Trust	BIGZ2,3	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%		100.00%
BlackRock Enhanced International Dividend Trust	BGY1,2,3	21.00%	3.13%	17.91%	57.96%	18.90%	2.62%		79.55%
BlackRock Health Sciences Trust	BME2,3	6.30%	0.00%	65.02%	28.68%	6.30%	14.99%		94.64%
BlackRock Health Sciences Term Trust	BMEZ2,3	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%		100.00%
BlackRock Enhanced Global Dividend Trust	BOE1,2,3	29.19%	0.00%	0.00%	70.81%	29.19%	1.95%		71.38%
BlackRock Science and Technology Trust	BST2,3	0.00%	0.00%	49.26%	50.74%	0.00%	0.00%		100.00%
BlackRock Science and Technology Term Trust	BSTZ2,3	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%		100.00%
BlackRock Utilities, Infrastructure, & Power Opportunities Fund	BUI1,2,3	25.18%	34.53%	6.22%	34.07%	35.08%	3.52%		75.71%
BlackRock Enhanced Capital and Income Fund	CII2	5.56%	16.52%	77.92%	0.00%	9.57%	4.21%		94.67%
BlackRock Capital Allocation Term Trust	BCAT2,3	38.69%	0.00%	0.00%	61.31%	12.25%	45.43%		78.89%
BlackRock ESG Capital Allocation Term Trust	ECAT2,3	23.83%	0.00%	0.00%	76.17%	9.97%	56.48%		89.63%
BlackRock Floating Rate Income Trust	BGT2,3	95.67%	0.00%	0.00%	4.33%	0.00%	75.88%		76.93%
BlackRock Core Bond Trust	BHK2,3	60.24%	0.00%	0.00%	39.76%	5.98%	72.11%		83.20%
BlackRock Multi-Sector Income Trust	BIT2,3	54.90%	0.00%	0.00%	45.10%	4.38%	59.47%		77.75%
BlackRock Income Trust, Inc.	BKT3,4	36.44%	0.00%	0.00%	63.56%	0.00%	99.39%		99.78%
BlackRock Limited Duration Trust, Inc.	BLW2,3	88.30%	0.00%	0.00%	11.70%	4.47%	72.72%		75.92%
BlackRock Taxable Municipal Bond Trust	BBN3,4	75.98%	0.00%	0.00%	24.02%	0.00%	99.47%		99.60%
BlackRock Credit Allocation Income Trust	BTZ2,3	62.77%	0.00%	0.00%	37.23%	9.65%	52.11%		69.94%
BlackRock Debt Strategies Fund, Inc.	DSU2,3	94.15%	0.00%	0.00%	5.85%	0.14%	75.51%		76.94%
BlackRock Enhanced Government Fund, Inc.	EGF2,3	65.06%	0.00%	0.00%	34.94%	0.99%	80.33%		87.20%
BlackRock Floating Rate Income Strategies Fund, Inc.	FRA2,3	94.64%	0.00%	0.00%	5.36%	0.00%	76.06%		77.34%
BlackRock Corporate High Yield, Inc.	HYT2,3	73.52%	0.00%	0.00%	26.48%	1.03%	82.50%		87.13%

1. Fund passed through foreign withholding taxes
2. The Fund has adopted a managed distribution plan (the "Plan") to support a level distribution of income, capital gains and/or return of capital.

The fixed amounts distributed per share are subject to change at the discretion of each Fund's Board of Directors/Trustees.

Under its Plan, the Fund will distribute all available investment income to its shareholders, consistent with its investment objectives and as required by the Internal Revenue Code of 1986, as amended (the "Code").

If sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.

1. The Fund has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of the distribution is return of capital. A return of capital may occur, for example, when some or all of the shareholder's investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share.
   The Fund sends shareholders a 1099-DIV that indicates how distributions should be reported for federal income tax purposes.
2. BKT and BBN have each adopted a Plan whereby the Fund will make fixed monthly distributions to common stockholders and will distribute all available investment income to its stockholders,

consistent with its investment objective and as required by the Code. The fixed amount distributed per share is subject to change at the discretion of BKT's Board of Directors. If sufficient investment income is not available on a monthly basis, the Fund will distribute long term capital gains and/or return capital to its stockholders in order to maintain a level distribution. The Fund is currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the "1940 Act"). Each Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. BKT and BBN may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year,

if required to meet requirements imposed by the Code and/or the 1940 Act.

1. Long term capital gains are subject to a maximum 20% tax rate
2. Return of Capital reduces an investor's cost basis. After the cost basis is reduced to zero, return of capital should be reported as capital gain.
3. Qualified Dividend Income is taxed at the long term capital gains rate. This represents the % of total distributions eligible for the reduced tax rate.
4. Qualified Interest Income represents the % of net investment income-related dividends that are eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations.

The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes.

The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund's investment experience during its fiscal year and may be subject to changes based on tax regulations.

Each Fund will send its stockholders a Form 1099-DIV for the calendar year that will illustrate how to report these distributions for federal income tax purposes.

Shareholders should not draw any conclusions about any Fund's investment performance from the amount of the distributions or from the terms of a Fund's Plan. The amount distributed per share under a

Plan is subject to change at the discretion of the applicable Fund's Board. Each Plan will be subject to ongoing review by the Board to determine whether the Plan should be continued, modified or terminated.

The Board may amend the terms of a Plan or suspend or terminate a Plan at any time without prior notice to the Fund's shareholders if it deems such actions to be in the best interest of the Fund or its shareholders.

The amendment or termination of a Plan could have an adverse effect on the market price of the Fund's shares.

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses which may be obtained by visiting the SEC Edgar database. Read the prospectus carefully before investing.

Common shares for most of the closed-end funds identified above are only available for purchase and sale at current market price on a stock exchange. A closed-end fund's dividend yield, market price and NAV will fluctuate with market conditions. The information for these funds is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares.

Performance results reflect past performance and are no guarantee of future results. Current performance may be lower or higher than the performance data quoted.

All returns assume reinvestment of all dividends. The market value and net asset value (NAV) of a fund's shares will fluctuate with market conditions. Closed-end funds may trade at a premium to NAV but often trade at a discount. BlackRock is not making any recommendation or soliciting any action based upon the information contained herein. This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, accounting, legal, investment or tax advice.

The information above represents past distributions and is not indicative of future distributions. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold, may be worth more or less than the original cost. Current distributions may be lower or higher than the distributions reflected herein.

Additional Information

For additional information, please visit our website at http://www.blackrock.com/investing/resources/tax-information or contact BlackRock Advisors at [phone]

Prepared by BlackRock Investments, LLC, member FINRA. © 2023 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc. or its affiliates.

All other trademarks are those of their respective owners.

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