Dividend Dates and Distribution Amounts Announced for BlackRock Closed-End Funds

Today, the following BlackRock closed-end funds announced distributions. Please note that BPP has had a dividend reduction this month. This reduction takes into account the fund’s earnings potential, the flat shape of the yield curve, tight credit spreads, increased borrowing costs associated with leverage, and the fund’s level of undistributed net investment income. Details are as follows: Municipal funds: Declaration- 5/1/07 Ex-Date- 5/11/07 Record- 5/15/07 Payable- 6/1/07 Fund Ticker Dividend Change From Prior Month BlackRock Long-Term Municipal Advantage Trust BTA $0.055000  -  The BlackRock Investment Quality Municipal Trust, Inc. BKN $0.085000  -  The BlackRock Strategic Municipal Trust BSD $0.085000  -  BlackRock Municipal Income Trust BFK $0.082625  -  BlackRock Municipal Income Trust II BLE $0.076000  -  BlackRock Insured Municipal Income Trust BYM $0.061000  -  BlackRock Municipal 2020 Term Trust BKK $0.066250  -  The BlackRock California Investment Quality Municipal Trust, Inc. RAA $0.048000  -  BlackRock California Municipal Income Trust BFZ $0.076074  -  BlackRock California Municipal Bond Trust BZA $0.077000  -  BlackRock California Municipal Income Trust II BCL $0.065500  -  BlackRock California Insured Municipal Income Trust BCK $0.058000  -  BlackRock California Municipal 2018 Term Trust BJZ $0.061250  -  BlackRock Florida Municipal 2020 Term Trust BFO $0.051000  -  BlackRock Florida Municipal Income Trust BBF $0.075375  -  BlackRock Florida Municipal Bond Trust BIE $0.077808  -  BlackRock Florida Insured Municipal Income Trust BAF $0.058000  -  The BlackRock Florida Insured Municipal 2008 Term Trust BRF $0.037500  -  BlackRock Maryland Municipal Bond Trust BZM $0.071350  -  BlackRock New Jersey Municipal Income Trust BNJ $0.079625  -  The BlackRock California Insured Municipal 2008 Term Trust, Inc. BFC $0.056000  -  BlackRock New York Municipal Income Trust BNY $0.075339  -  BlackRock New York Municipal Bond Trust BQH $0.077099  -  BlackRock New York Municipal Income Trust II BFY $0.062500  -  BlackRock New York Insured Municipal Income Trust BSE $0.058000  -  The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.070000  -  BlackRock Virginia Municipal Bond Trust BHV $0.072428  -  The BlackRock Florida Investment Quality Municipal Trust RFA $0.048000  -  The BlackRock New Jersey Investment Quality Municipal Income Trust RNJ $0.068000  -  BlackRock New Jersey Municipal Bond Trust BLJ $0.078582  -  The BlackRock New York Investment Quality Municipal Trust, Inc. RNY $0.070000  -  The BlackRock Insured Municipal 2008 Term Trust, Inc. BRM $0.061000  -  BlackRock Insured Municipal Term Trust, Inc. BMT $0.030417  -  BlackRock Municipal Bond Trust BBK $0.085000  -  BlackRock Apex Municipal Fund, Inc. APX $0.049000  -  BlackRock MuniYield California Insured Fund, Inc. MCA $0.056000  -  BlackRock MuniEnhanced Fund, Inc. MEN $0.043000  -  BlackRock MuniHoldings Florida Insured Fund MFL $0.058000  -  BlackRock MuniYield Florida Insured Fund MFT $0.056000  -  BlackRock MuniHoldings Fund, Inc. MHD $0.071000  -  Massachusetts Health & Education Tax-Exempt Trust MHE $0.049000  -  BlackRock MuniHoldings New York Insured Fund, Inc. MHN $0.057000  -  BlackRock MuniYield Michigan Insured Fund, Inc. MIY $0.059000  -  BlackRock MuniYield New Jersey Insured Fund, Inc. MJI $0.054000  -  BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.053000  -  BlackRock MuniYield Pennsylvania Insured Fund MPA $0.058000  -  BlackRock MuniYield Quality Fund II, Inc. MQT $0.050000  -  BlackRock MuniYield Quality Fund, Inc. MQY $0.057000  -  BlackRock MuniAssets Fund, Inc. MUA $0.070000  -  BlackRock MuniHoldings California Insured Fund, Inc. MUC $0.058000  -  BlackRock MuniHoldings Insured Fund II, Inc. MUE $0.052000  -  BlackRock MuniHoldings Fund II, Inc. MUH $0.063000  -  BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.061000  -  BlackRock MuniHoldings New Jersey Insured Fund, Inc. MUJ $0.061000  -  BlackRock MuniHoldings Insured Fund, Inc. MUS $0.051000  -  BlackRock MuniVest Fund, Inc. MVF $0.043000  -  BlackRock MuniVest Fund II, Inc. MVT $0.071000  -  BlackRock MuniYield California Fund, Inc. MYC $0.055000  -  BlackRock Municipal 2018 Term Trust BPK $0.075500  -  BlackRock New York Insured Municipal 2008 Term Trust Inc. BLN $0.055000  -  BlackRock New York Municipal 2018 Term Trust Inc. BLH $0.061250  -  BlackRock MuniYield Arizona Fund, Inc. MZA $0.057000  -  BlackRock MuniYield Fund, Inc. MYD $0.068000  -  BlackRock MuniYield Florida Fund MYF $0.058000  -  BlackRock MuniYield Insured Fund, Inc. MYI $0.056000  -  BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.058000  -  BlackRock MuniYield Michigan Insured Fund II, Inc. MYM $0.056000  -  BlackRock MuniYield New York Insured Fund, Inc. MYN $0.054000  -  Taxable funds: Declaration- 5/1/07 Ex-Date- 5/11/07 Record- 5/15/07 Payable- 5/31/07 Fund Ticker Dividend Change From Prior Month BlackRock Corporate High Yield Fund, Inc. COY $0.056000  -  BlackRock Corporate High Yield Fund III, Inc. CYE $0.056000  -  BlackRock Corporate High Yield Fund V, Inc. HYV $0.095000  -  BlackRock Corporate High Yield Fund VI, Inc. HYT $0.090000  -  BlackRock Debt Strategies Fund, Inc. DSU $0.053000  -  BlackRock Diversified Income Strategies Fund, Inc. DVF $0.150000  -  BlackRock Floating Rate Income Strategies Fund, Inc. FRA $0.120834  -  BlackRock Floating Rate Income Strategies Fund II, Inc. FRB $0.120834  -  BlackRock Preferred Income Strategies Fund, Inc.* PSY $0.114583  -  BlackRock Preferred and Corporate Income Strategies Fund, Inc.* PSW $0.133333  -  BlackRock Preferred and Equity Advantage Trust* BTZ $0.156250  -  BlackRock Senior High Income Fund, Inc. ARK $0.047000  -  BlackRock Enhanced Government Fund, Inc.* EGF $0.116667  -  BlackRock High Income Shares Trust* HIS $0.018200  -  The BlackRock Income Trust, Inc. BKT $0.031000  -  BlackRock Income Opportunity Trust BNA $0.055000  -  The BlackRock High Yield Trust BHY $0.051000  -  BlackRock Core Bond Trust BHK $0.067000  -  BlackRock Strategic Bond Trust BHD $0.077000  -  BlackRock Preferred Opportunity Trust BPP $0.145000  (-0.021667) BlackRock Limited Duration Income Trust* BLW $0.125000  -  BlackRock Global Floating Rate Income Trust BGT $0.125000  -  The BlackRock Broad Investment Grade 2009 Term Trust, Inc. BCT $0.075000  -  Equity funds: Declaration- 5/1/07 Ex-Date- 5/11/07 Record- 5/15/07 Payable- 5/31/07 Fund Ticker Dividend Change From Prior Period BlackRock World Investment Trust* BWC $0.113750  -  BlackRock Enhanced Dividend AchieversTM Trust* BDJ $0.101875  -  BlackRock S&P Quality Rankings Global Equity Managed Trust BQY $0.225000  -  BlackRock Global Opportunities Equity Trust BOE $0.568750  -  BlackRock Real Asset Equity Trust* BCF $0.090600  -  * In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended, the funds noted posted a Section 19 notice to the DTC bulletin board and sent out to their registered shareholders a Section 19 notice along with the payment of dividends declared for the month of May 2007. This notice was not for tax reporting purposes and was provided only for informational purposes. About BlackRock BlackRock is one of the world’s largest publicly traded investment management firms. As of March 31, 2006, the assets under management of BlackRock were approximately $1.154 trillion. The firm manages assets on behalf of institutions and individuals worldwide through a variety of equity, fixed income, cash management and alternative investment products. In addition, a growing number of institutional investors use BlackRock Solutions® investment system, risk management and financial advisory services. Headquartered in New York City, the firm has approximately 4,700 employees in 18 countries and a major presence in key global markets, including the U.S., Europe, Asia, Australia and the Middle East. For additional information, please visit the Company’s website at www.blackrock.com. Forward-Looking Statements This press release, and other statements that BlackRock 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. In addition to factors previously disclosed in BlackRock's SEC reports and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (1) the introduction, withdrawal, success and timing of business initiatives and strategies; (2) changes in political, economic or industry conditions, the interest rate environment or financial and capital markets, which could result in changes in demand for products or services or in the value of assets under management; (3) the relative and absolute investment performance of BlackRock's investment products, including its separately managed accounts and the former Merrill Lynch Investment Managers (MLIM) business; (4) the impact of increased competition; (5) the impact of capital improvement projects; (6) the impact of future acquisitions or divestitures; (7) the unfavorable resolution of legal proceedings; (8) the extent and timing of any share repurchases; (9) the impact, extent and timing of technological changes and the adequacy of intellectual property protection; (10) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to BlackRock, Merrill Lynch & Co., Inc. and The PNC Financial Services Group, Inc.; (11) terrorist activities and international hostilities, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries, and BlackRock; (12) the ability to attract and retain highly talented professionals; (13) fluctuations in foreign currency exchange rates, which may adversely affect the value of advisory fees earned by BlackRock; (14) the impact of changes to tax legislation and, generally, the tax position of the Company; (15) BlackRock's ability to successfully integrate the MLIM business with its existing business; (16) the ability of BlackRock to effectively manage the former MLIM assets along with its historical assets under management; and (17) BlackRock's success in maintaining the distribution of its products. BlackRock's Annual Reports on Form 10-K and BlackRock's subsequent filings with the SEC, accessible on the SEC's website at http://www.sec.gov and on BlackRock’s website at http://www.blackrock.com, discuss these factors in more detail and identify additional factors that can affect forward-looking statements. The information contained on our website is not a part of this press release.