BlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock New Jersey Municipal Bond Trust (NYSE American:BLJ) and BlackRock New Jersey Municipal Income Trust (NYSE: BNJ) with and into BlackRock MuniYield New Jersey Fund, Inc. (NYSE:MYJ and, together with BLJ and BNJ, the “Funds”) (the “Reorganizations”) is effective as of the opening for business of the New York Stock Exchange on Monday, June 11, 2018.

In the Reorganizations, common shareholders of BLJ and BNJ received an amount of MYJ common shares equal to the aggregate net asset value of their holdings of BLJ and BNJ common shares as determined at the close of business on June 8, 2018. Fractional shares of MYJ common shares were not issued in the Reorganizations and consequently cash will be distributed for any such fractional shares.

Relevant details pertaining to the Reorganizations are as follows:

Fund Ticker   NAV/Share

($)

   Share Conversion Ratio
BlackRock MuniYield New Jersey Fund, Inc. MYJ   15.5014   N/A
BlackRock New Jersey Municipal Bond Trust BLJ   15.1794   0.97922768
BlackRock New Jersey Municipal Income Trust BNJ   15.1053   0.97444747

In addition, BLJ and BNJ preferred shareholders received on a one-for-one basis MYJ preferred shares in an amount equal to the aggregate preferred share liquidation preference held by BLJ and BNJ preferred shareholders immediately prior to the Reorganizations.

This communication is not intended to, and shall not, constitute an offer to purchase or sell shares of any of the BlackRock funds, including MYJ, the surviving fund in the Reorganizations. Investors should consider MYJ’s investment objective, risks, charges and expenses carefully and consider in its entirety the Joint Proxy Statement/Prospectus relating to the Reorganizations, which contains important information regarding the investment objectives and policies, risks, charges, expenses and other important information about MYJ.

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With respect to the Funds, 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 a Fund or in a 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 Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to a 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) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

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.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect a Fund. The information contained on BlackRock’s website is not a part of this press release.