BLACKROCK STRATEGIC MUNICIPAL TRUST

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BlackRock Strategic Municipal Trust : Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

10/30/2020 | 03:50pm EDT

Contact:

1-800-882-0052

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

New York, October 30, 2020 - Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Trust II (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII), BlackRock Science and Technology Trust (NYSE: BST), BlackRock Science and Technology Trust II (NYSE: BSTZ), BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) , BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA), BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT), BlackRock Credit Allocation Income Trust (NYSE: BTZ), BlackRock Limited Duration Income Trust (NYSE: BLW), BlackRock Core Bond Trust (NYSE: BHK), and BlackRock Multi-Sector Income Trust (NYSE: BIT) (collectively, the "Funds") paid the following distributions per share:

Fund

Pay Date

Per Share

BCX

October 30, 2020

$0.040000

BDJ

October 30, 2020

$0.050000

BGR

October 30, 2020

$0.047000

BGY

October 30, 2020

$0.033800

BME

October 30, 2020

$0.200000

BMEZ

October 30, 2020

$0.100000

BOE

October 30, 2020

$0.063000

BUI

October 30, 2020

$0.121000

CII

October 30, 2020

$0.087500

BST

October 30, 2020

$0.187000

BSTZ

October 30, 2020

$0.115000

EGF

October 30, 2020

$0.041000

DSU

October 30, 2020

$0.071100

FRA

October 30, 2020

$0.078800

BGT

October 30, 2020

$0.076400

HYT

October 30, 2020

$0.077900

BTZ

October 30, 2020

$0.083900

BLW

October 30, 2020

$0.098100

BHK

October 30, 2020

$0.067600

BIT

October 30, 2020

$0.123700

1

Each of the Funds 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, each Fund will distribute all available investment income to its shareholders, consistent with its primary 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 Funds will distribute long-term capital gains and/or return capital to their shareholders in order to maintain a level distribution.

The Funds' estimated sources of the distributions paid this month and for their current fiscal year are as follows:

Estimated Allocations as of October 30, 2020

Fund

Distribution

Net Investment

Net Realized Short-

Net Realized Long-

Return of Capital

Income

Term Gains

Term Gains

BCX1

$0.040000

$0.015132 (38%)

$0 (0%)

$0 (0%)

$0.024868 (62%)

BDJ

$0.050000

$0.019034 (38%)

$0 (0%)

$0.030966 (62%)

$0 (0%)

BGR1

$0.047000

$0.013670 (29%)

$0 (0%)

$0 (0%)

$0.033330 (71%)

BGY1

$0.033800

$0.008501 (25%)

$0 (0%)

$0 (0%)

$0.025299 (75%)

BME1

$0.200000

$0 (0%)

$0 (0%)

$0.004774 (2%)

$0.195226 (98%)

BMEZ1

$0.100000

$0 (0%)

$0.100000 (100%)

$0 (0%)

$0 (0%)

BOE1

$0.063000

$0.019606 (31%)

$0 (0%)

$0 (0%)

$0.043394 (69%)

BUI1

$0.121000

$0 (0%)

$0 (0%)

$0.032005 (26%)

$0.088995 (74%)

CII1

$0.087500

$0.000173 (0%)

$0 (0%)

$0.087327 (100%)

$0 (0%)

BST1

$0.187000

$0 (0%)

$0 (0%)

$0.187000 (100%)

$0 (0%)

BSTZ1

$0.115000

$0 (0%)

$0 (0%)

$0 (0%)

$0.115000 (100%)

EGF1

$0.041000

$0.025239 (62%)

$0 (0%)

$0 (0%)

$0.015761 (38%)

DSU1

$0.071100

$0.048598 (68%)

$0 (0%)

$0 (0%)

$0.022502 (32%)

FRA1

$0.078800

$0.053926 (68%)

$0 (0%)

$0 (0%)

$0.024874 (32%)

BGT1

$0.076400

$0.052686 (69%)

$0 (0%)

$0 (0%)

$0.023714 (31%)

HYT1

$0.077900

$0.066893 (86%)

$0 (0%)

$0 (0%)

$0.011007 (14%)

BTZ1

$0.083900

$0.069833 (83%)

$0 (0%)

$0 (0%)

$0.014067 (17%)

BLW1

$0.098100

$0.085018 (87%)

$0 (0%)

$0 (0%)

$0.013082 (13%)

BHK

$0.067600

$0.062408 (92%)

$0.005192 (8%)

$0 (0%)

$0 (0%)

BIT1

$0.123700

$0.084159 (68%)

$0 (0%)

$0 (0%)

$0.039541 (32%)

2

Estimated Allocations for the Fiscal Year through October 30, 2020

Fund

Distribution

Net Investment

Net Realized Short-

Net Realized

Return of Capital

Income

Term Gains

Long-Term Gains

BCX1

$0.446400

$0.185515 (42%)

$0 (0%)

$0 (0%)

$0.260885 (58%)

BDJ

$0.500000

$0.272234 (54%)

$0 (0%)

$0.227766 (46%)

$0 (0%)

BGR1

$0.573200

$0.271570 (47%)

$0 (0%)

$0 (0%)

$0.301630 (53%)

BGY1

$0.338000

$0.116541 (34%)

$0 (0%)

$0 (0%)

$0.221459 (66%)

BME1

$2.000000

$0.009058 (0%)

$0 (0%)

$0.409646 (20%)

$1.581296 (80%)

BMEZ1

$0.700000

$0 (0%)

$0.700000 (100%)

$0 (0%)

$0.000000 (0%)

BOE1

$0.630000

$0.239174 (38%)

$0 (0%)

$0 (0%)

$0.390826 (62%)

BUI1

$1.210000

$0.296930 (25%)

$0 (0%)

$0.115983 (10%)

$0.797087 (65%)

CII1

$0.875000

$0.121631 (14%)

$0 (0%)

$0.573995 (66%)

$0.179374 (20%)

BST1

$1.676500

$0 (0%)

$0 (0%)

$0.531278 (32%)

$1.145222 (68%)

BSTZ1

$1.015000

$0 (0%)

$0 (0%)

$0 (0%)

$1.015000 (100%)

EGF1

$0.369000

$0.271384 (74%)

$0 (0%)

$0 (0%)

$0.097616 (26%)

DSU1

$0.639900

$0.518525 (81%)

$0 (0%)

$0 (0%)

$0.121375 (19%)

FRA1

$0.709200

$0.550610 (78%)

$0 (0%)

$0 (0%)

$0.158590 (22%)

BGT1

$0.687600

$0.539014 (78%)

$0 (0%)

$0 (0%)

$0.148586 (22%)

HYT1

$0.701100

$0.650375 (93%)

$0 (0%)

$0 (0%)

$0.050725 (7%)

BTZ1

$0.755100

$0.682798 (90%)

$0 (0%)

$0 (0%)

$0.072302 (10%)

BLW1

$0.882900

$0.804562 (91%)

$0 (0%)

$0 (0%)

$0.078338 (9%)

BHK

$0.608400

$0.600793 (99%)

$0.007607 (1%)

$0 (0%)

$0 (0%)

BIT1

$1.484400

$1.042089 (70%)

$0 (0%)

$0 (0%)

$0.442311 (30%)

1The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a 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 amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements 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 the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

3

Fund Performance and Distribution Rate Information:

Average annual total

Annualized current

Cumulative total

Cumulative fiscal year

return (in relation to

distribution rate

return (in relation to

distributions as a

Trust

NAV) for the 5-year

expressed as a

NAV) for the fiscal

percentage of NAV as

period ending on

percentage of NAV as

year through

of 9/30/2020

9/30/2020

of 9/30/2020

9/30/2020

BCX

4.94%

6.64%

(14.62)%

5.62%

BDJ

7.33%

7.26%

(12.51)%

5.44%

BGR

(7.60)%

8.29%

(42.06)%

7.74%

BGY

5.73%

6.64%

0.05%

4.98%

BME

12.20%

5.60%

8.78%

4.20%

BMEZ*

35.12%

4.56%

35.12%

2.28%

BOE

5.69%

6.73%

(3.24)%

5.04%

BUI

9.98%

6.81%

2.16%

5.11%

CII

10.72%

6.13%

0.44%

4.60%

BST

26.96%

5.24%

37.42%

3.48%

BSTZ*

55.84%

4.73%

45.10%

3.08%

EGF

2.39%

3.65%

2.21%

2.43%

DSU

6.30%

7.61%

(2.98)%

5.07%

FRA

4.53%

7.04%

(2.37)%

4.69%

BGT

4.46%

7.03%

(2.28)%

4.69%

HYT

8.41%

8.28%

0.71%

5.52%

BTZ

8.20%

6.71%

5.25%

4.47%

BLW

6.89%

7.28%

0.14%

4.86%

BHK

8.61%

5.03%

9.01%

3.35%

BIT

8.35%

8.44%

7.33%

7.74%

  • Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 9/30/2020.

Shareholders should not draw any conclusions about a Fund's investment performance from the amount of the Fund's current distributions or from the terms of the Fund's Plan.

BKT has adopted a Plan whereby beginning August 2018 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. 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

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Blackrock Strategic Municipal Trust published this content on 30 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2020 20:49:04 UTC


© Publicnow 2020
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Managers and Directors
John M. Perlowski President, Chief Executive Officer & Trustee
Neal J. Andrews Chief Financial Officer
Richard E. Cavanagh Co-Chairman
Karen P. Robards Co-Chairman
Charles C. S. Park Chief Compliance Officer