The Importance of Total Return in Closed-End Funds Investor Education Actions Download Add to favorites Information Information Description: Understanding Equity Covered Call Funds Publication date: Apr 21, 2023 Target Audience: For Individuals Product group: BlackRock Closed-End Funds Done

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The release dated April 11, 2023 has been replaced with the following corrected version due to changes in the table, "Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023.

BlackRock Closed-End Fund Share Repurchase Program Update

New York, April 11, 2023 (as revised April 14, 2023) - BlackRock Advisors, LLC

("BlackRock") released today share repurchase activity for certain BlackRock-advisedclosed-end funds (the "Funds") during the quarter ended March 31, 2023. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares in open market transactions. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value ("NAV") per share, which could result in incremental accretion to a Fund's NAV. Below is a summary of share repurchase activity over this past quarter and since the inception of each Fund's Repurchase Program:

Summary of share repurchase activity during the most recent calendar quarter ended March 31, 2023:

		Number of	Total Amount	Total	Average
		Amount of	Discount on
Fund Name	Ticker	Shares	of Shares
NAV	Days
		Repurchased	Repurchased
		Accretion	Repurchased
BlackRock Energy and	BGR	115,340	$1,503,284	$183,604	-11.0%
Resources Trust
BlackRock Enhanced Global	BOE	154,883	$1,504,183	$220,829	-13.1%
Dividend Trust
BlackRock Enhanced	BGY	705,341	$3,795,236	$529,887	-12.7%
International Dividend Trust
BlackRock Health Sciences	BMEZ	1,249,867	$20,361,376	$3,428,666	-14.6%
Term Trust
BlackRock Science and	BSTZ	790,769	$13,820,656	$2,364,926	-14.5%
Technology Term Trust
BlackRock Innovation and	BIGZ	2,756,968	$20,553,458	$5,206,390	-20.2%
Growth Term Trust
BlackRock Resources &	BCX	911,703	$9,093,513	$1,185,440	-12.0%
Commodities Strategy Trust
BlackRock Floating Rate	BGT	55,022	$624,592	$74,337	-10.8%
Income Trust
BlackRock California	BFZ	268,657	$3,046,545	$450,492	-13.0%
Municipal Income Trust

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		Number of	Total Amount	Total	Average
		Amount of	Discount on
Fund Name	Ticker	Shares	of Shares
NAV	Days
		Repurchased	Repurchased
		Accretion	Repurchased
BlackRock MuniHoldings	MUC	872,876	$9,758,699	$1,397,529	-12.9%
California Quality Fund, Inc.
BlackRock MuniHoldings New	MUJ	428,177	$4,960,219	$679,838	-12.7%
Jersey Quality Fund, Inc.
BlackRock MuniYield	MIY	90,280	$1,023,673	$148,720	-13.2%
Michigan Quality Fund, Inc.
BlackRock MuniYield	MPA	108,177	$1,238,483	$187,682	-13.2%
Pennsylvania Quality Fund
BlackRock New York	BNY	44,226	$465,951	$69,125	-13.3%
Municipal Income Trust
BlackRock MuniHoldings New	MHN	157,347	$1,671,582	$236,992	-12.8%
York Quality Fund, Inc.
BlackRock MuniYield New	MYN	225,612	$2,304,892	$337,734	-13.1%
York Quality Fund, Inc.
BlackRock MuniVest Fund,	MVF	231,970	$1,593,264	$215,807	-12.4%
Inc.
BlackRock MuniVest Fund II,	MVT	89,762	$977,901	$128,391	-12.2%
Inc.
BlackRock Municipal Income	MUI	464,291	$5,464,305	$724,666	-12.0%
Fund, Inc.
BlackRock MuniYield Quality	MQT	49,797	$525,487	$64,265	-11.7%
Fund II, Inc.
BlackRock Municipal Income	BLE	206,278	$2,204,488	$289,103	-12.1%
Trust II
BlackRock MuniYield Fund,	MYD	170,001	$1,833,075	$238,776	-12.0%
Inc.
BlackRock Municipal Income	BFK	155,108	$1,553,451	$236,329	-13.4%
Trust
BlackRock MuniYield Quality	MYI	74,396	$824,560	$104,972	-11.7%
Fund III, Inc.
BlackRock MuniHoldings	MUE	42,730	$422,477	$63,748	-13.3%
Quality Fund II, Inc.
BlackRock MuniHoldings	MHD	123,671	$1,462,915	$206,875	-12.6%
Fund, Inc.

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Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023:

		Number of	Total Amount	Total	Average
		Amount of	Discount on
Fund Name	Ticker	Shares	of Shares
NAV	Days
		Repurchased	Repurchased
		Accretion	Repurchased
BlackRock Energy and	BGR	1,887,923	$18,613,219	$2,579,377	-12.4%
Resources Trust
BlackRock Enhanced Equity	BDJ	2,974,888	$23,626,347	$2,641,607	-10.1%
Dividend Trust
BlackRock Enhanced Global	BOE	6,898,230	$70,583,788	$9,290,142	-11.9%
Dividend Trust
BlackRock Enhanced	BGY	7,948,978	$42,255,016	$5,388,182	-11.6%
International Dividend Trust
BlackRock Health Sciences	BMEZ	4,322,603	$68,190,963	$12,585,445	-15.7%
Term Trust
BlackRock Science and	BSTZ	1,252,057	$21,111,478	$4,056,064	-15.7%
Technology Term Trust
BlackRock Innovation and	BIGZ	16,419,435	$159,541,184	$31,534,448	-18.4%
Growth Term Trust
BlackRock Capital Allocation	BCAT	4,390,352	$67,635,655	$11,547,447	-15.5%
Term Trust
BlackRock ESG Capital	ECAT	3,325,611	$47,257,972	$9,686,105	-17.1%
Allocation Term Trust
BlackRock Resources &	BCX	12,453,003	$99,816,357	$14,454,079	-13.1%
Commodities Strategy Trust
BlackRock Science and	BST	136,367	$2,799,570	$284,111	-9.1%
Technology Trust
BlackRock Corporate High	HYT	4,695,612	$48,249,031	$6,328,699	-11.8%
Yield Fund, Inc.
BlackRock Credit Allocation	BTZ	4,222,616	$52,321,626	$7,126,080	-12.1%
Income Trust
BlackRock Debt Strategies	DSU	4,887,450	$54,871,336	$5,651,691	-9.7%
Fund, Inc.
BlackRock Floating Rate	FRA	2,000,291	$24,605,346	$3,520,574	-12.8%
Income Strategies Fund, Inc.
BlackRock Floating Rate	BGT	1,361,673	$15,886,943	$2,250,227	-12.4%
Income Trust
BlackRock Income Trust, Inc.	BKT	145,423	$854,488	$1,947,718	-8.7%
BlackRock Limited Duration	BLW	1,341,749	$19,494,225	$2,522,574	-11.4%
Income Trust
BlackRock Multi-Sector	BIT	884,028	$14,722,265	$1,722,801	-10.5%
Income Trust

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		Number of	Total Amount	Total	Average
		Amount of	Discount on
Fund Name	Ticker	Shares	of Shares
NAV	Days
		Repurchased	Repurchased
		Accretion	Repurchased
BlackRock California	BFZ	1,600,917	$18,801,631	$2,986,304	-13.7%
Municipal Income Trust
BlackRock MuniHoldings	MUC	1,277,872	$14,136,604	$2,034,344	-12.9%
California Quality Fund, Inc.
BlackRock MuniHoldings	MUJ	488,234	$5,757,038	$805,521	-13.0%
New Jersey Quality Fund, Inc.
BlackRock MuniYield	MIY	159,014	$1,910,368	$289,018	-13.5%
Michigan Quality Fund, Inc.
BlackRock MuniYield	MPA	277,033	$3,222,149	$501,023	-13.2%
Pennsylvania Quality Fund
BlackRock New York	BNY	137,102	$1,403,118	$234,883	-12.0%
Municipal Income Trust
BlackRock MuniHoldings	MHN	411,883	$4,201,213	$622,389	-13.1%
New York Quality Fund, Inc.
BlackRock MuniYield New	MYN	566,073	$5,587,232	$832,326	-13.2%
York Quality Fund, Inc.
BlackRock MuniVest Fund,	MVF	320,688	$2,180,839	$288,856	-12.2%
Inc.
BlackRock MuniVest Fund II,	MVT	89,762	$977,901	$128,391	-12.4%
Inc.
BlackRock Municipal Income	MUI	464,291	$5,464,305	$724,666	-12.0%
Fund, Inc.
BlackRock MuniYield Quality	MQT	49,797	$525,487	$64,265	-11.7%
Fund II, Inc.
BlackRock Municipal Income	BLE	206,278	$2,204,488	$289,103	-12.1%
Trust II
BlackRock MuniYield Fund,	MYD	170,001	$1,833,075	$238,776	-12.0%
Inc.
BlackRock Municipal Income	BFK	155,108	$1,553,451	$236,329	-13.4%
Trust
BlackRock MuniYield Quality	MYI	74,396	$824,560	$104,972	-11.7%
Fund III, Inc.
BlackRock MuniHoldings	MUE	42,730	$422,477	$63,748	-13.3%
Quality Fund II, Inc.
BlackRock MuniHoldings	MHD	123,671	$1,462,915	$206,875	-12.6%
Fund, Inc.

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The amount and timing of any repurchases under each Fund's Repurchase Program will be determined either at the discretion of the Fund's management or pursuant to predetermined parameters and instructions subject to market conditions. There is no assurance that any Fund will repurchase shares in any particular amounts. A Fund's repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. Any repurchases made under any Repurchase Program will be made on a national securities exchange at the prevailing market price, subject to exchange requirements and certain volume and timing limitations and other regulations under federal securities laws.

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Availability of Fund Updates

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.comas well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock's website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock's website in this release.

Forward-Looking Statements

This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund's or 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

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