Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

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Jul 31, 2023

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 Term Trust (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 Term Trust (NYSE: BSTZ), BlackRock Innovation and Growth Term Trust (NYSE: BIGZ), 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), BlackRock Multi-Sector Income Trust (NYSE: BIT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), and BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) (collectively, the ā€œFundsā€) paid the following distributions per share:

Fund

Pay Date

Per Share

BCX

July 31, 2023

$0.051800

BDJ

July 31, 2023

$0.056200

BGR

July 31, 2023

$0.065700

BGY

July 31, 2023

$0.033800

BME

July 31, 2023

$0.213000

BMEZ

July 31, 2023

$0.145000

BOE

July 31, 2023

$0.063000

BUI

July 31, 2023

$0.121000

CII

July 31, 2023

$0.099500

BST

July 31, 2023

$0.250000

BSTZ

July 31, 2023

$0.161300

BIGZ

July 31, 2023

$0.070000

EGF

July 31, 2023

$0.041000

DSU

July 31, 2023

$0.091050

FRA

July 31, 2023

$0.117020

BGT

July 31, 2023

$0.113580

HYT

July 31, 2023

$0.077900

BTZ

July 31, 2023

$0.083900

BLW

July 31, 2023

$0.098100

BHK

July 31, 2023

$0.074600

BIT

July 31, 2023

$0.123700

BCAT

July 31, 2023

$0.127500

ECAT

July 31, 2023

$0.125000

Each of the Funds has adopted a managed distribution plan (the ā€œPlanā€) 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 Fundā€™s Board of Directors/Trustees. Under its Plan, each Fund will distribute all available net income to its shareholders, consistent with its primary investment objectives and as required by the Internal Revenue Code of 1986, as amended (the ā€œCodeā€). If sufficient net 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 Fundsā€™ estimated sources of the distributions paid this month and for their current fiscal year are as follows:

Estimated Allocations as of July 31, 2023

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BCX1

$0.051800

$0.009549 (18%)

$0 (0%)

$0 (0%)

$0.042251 (82%)

BDJ

$0.056200

$0.012354 (22%)

$0 (0%)

$0.043846 (78%)

$0 (0%)

BGR1

$0.065700

$0.016672 (25%)

$0 (0%)

$0 (0%)

$0.049028 (75%)

BGY

$0.033800

$0.009803 (29%)

$0 (0%)

$0.023997 (71%)

$0 (0%)

BME1

$0.213000

$0.019489 (9%)

$0 (0%)

$0.000823 (0%)

$0.192688 (91%)

BMEZ1

$0.145000

$0 (0%)

$0 (0%)

$0 (0%)

$0.145000 (100%)

BOE1

$0.063000

$0.028265 (45%)

$0 (0%)

$0 (0%)

$0.034735 (55%)

BUI1

$0.121000

$0.015335 (13%)

$0.029649 (25%)

$0.036774 (30%)

$0.039242 (32%)

CII

$0.099500

$0.004155 (4%)

$0 (0%)

$0.095345 (96%)

$0 (0%)

BST1

$0.250000

$0 (0%)

$0 (0%)

$0 (0%)

$0.250000 (100%)

BSTZ1

$0.161300

$0 (0%)

$0 (0%)

$0 (0%)

$0.161300 (100%)

BIGZ1

$0.070000

$0 (0%)

$0 (0%)

$0 (0%)

$0.070000 (100%)

EGF1

$0.041000

$0.032866 (80%)

$0 (0%)

$0 (0%)

$0.008134 (20%)

DSU1

$0.091050

$0.080263 (88%)

$0 (0%)

$0 (0%)

$0.010787 (12%)

FRA1

$0.117020

$0.100367 (86%)

$0 (0%)

$0 (0%)

$0.016653 (14%)

BGT1

$0.113580

$0.102840 (91%)

$0 (0%)

$0 (0%)

$0.010740 (9%)

HYT1

$0.077900

$0.055288 (71%)

$0 (0%)

$0 (0%)

$0.022612 (29%)

BTZ1

$0.083900

$0.047509 (57%)

$0 (0%)

$0 (0%)

$0.036391 (43%)

BLW1

$0.098100

$0.088250 (90%)

$0 (0%)

$0 (0%)

$0.009850 (10%)

BHK1

$0.074600

$0.045617 (61%)

$0 (0%)

$0 (0%)

$0.028983 (39%)

BIT1

$0.123700

$0.070243 (57%)

$0 (0%)

$0 (0%)

$0.053457 (43%)

BCAT1

$0.127500

$0.047169 (37%)

$0 (0%)

$0 (0%)

$0.080331 (63%)

ECAT1

$0.125000

$0.025023 (20%)

$0 (0%)

$0 (0%)

$0.099977 (80%)

Estimated Allocations for the Fiscal Year through July 31, 2023

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BCX1

$0.362600

$0.159960 (44%)

$0 (0%)

$0 (0%)

$0.202640 (56%)

BDJ

$0.393400

$0.196980 (51%)

$0.037180 (9%)

$0.159240 (40%)

$0 (0%)

BGR1

$0.445500

$0.208460 (47%)

$0 (0%)

$0 (0%)

$0.237040 (53%)

BGY

$0.236600

$0.070350 (30%)

$0 (0%)

$0.166250 (70%)

$0 (0%)

BME1

$1.491000

$0.088630 (6%)

$0 (0%)

$0.980600 (66%)

$0.421770 (28%)

BMEZ1

$1.015000

$0 (0%)

$0 (0%)

$0 (0%)

$1.015000 (100%)

BOE1

$0.441000

$0.153710 (35%)

$0 (0%)

$0 (0%)

$0.287290 (65%)

BUI1

$0.847000

$0.254480 (30%)

$0.157360 (19%)

$0.395820 (46%)

$0.039340 (5%)

CII

$0.696500

$0.056600 (8%)

$0 (0%)

$0.639900 (92%)

$0 (0%)

BST1

$1.750000

$0 (0%)

$0 (0%)

$0 (0%)

$1.750000 (100%)

BSTZ1

$1.190500

$0 (0%)

$0 (0%)

$0.076270 (6%)

$1.114230 (94%)

BIGZ1

$0.490000

$0 (0%)

$0 (0%)

$0 (0%)

$0.490000 (100%)

EGF1

$0.287000

$0.172599 (60%)

$0 (0%)

$0 (0%)

$0.114401 (40%)

DSU1

$0.583500

$0.550105 (94%)

$0 (0%)

$0 (0%)

$0.033395 (6%)

FRA1

$0.729640

$0.709903 (97%)

$0 (0%)

$0 (0%)

$0.019737 (3%)

BGT1

$0.708260

$0.697520 (98%)

$0 (0%)

$0 (0%)

$0.010740 (2%)

HYT1

$0.545300

$0.381586 (70%)

$0 (0%)

$0 (0%)

$0.163714 (30%)

BTZ1

$0.587300

$0.359071 (61%)

$0 (0%)

$0 (0%)

$0.228229 (39%)

BLW1

$0.686700

$0.582945 (85%)

$0 (0%)

$0 (0%)

$0.103755 (15%)

BHK1

$0.522200

$0.301513 (58%)

$0 (0%)

$0 (0%)

$0.220687 (42%)

BIT1

$1.113300

$0.652983 (59%)

$0 (0%)

$0 (0%)

$0.460317 (41%)

BCAT1

$0.869100

$0.202010 (23%)

$0 (0%)

$0 (0%)

$0.667090 (77%)

ECAT1

$0.850000

$0.058600 (7%)

$0 (0%)

$0 (0%)

$0.791400 (93%)

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 shareholderā€™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 ā€˜yieldā€™ or ā€˜incomeā€™. When distributions exceed total return performance, the difference will reduce the Fundā€™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 Fundā€™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.

Fund Performance and Distribution Rate Information:

Fund

Average annual total return (in relation to NAV) for the 5-year period ending on 6/30/2023

Annualized current distribution rate expressed as a percentage of NAV as of 6/30/2023

Cumulative total return (in relation to NAV) for the fiscal year through 6/30/2023

Cumulative fiscal year distributions as a percentage of NAV as of 6/30/2023

BCX

7.64%

5.86%

(2.42)%

2.93%

BDJ

7.27%

7.64%

5.07%

3.82%

BGR

3.56%

5.77%

(0.81)%

2.78%

BGY

7.19%

6.50%

12.03%

3.25%

BME

9.49%

5.97%

2.00%

2.98%

BMEZ*

6.18%

9.13%

7.05%

4.57%

BOE

6.85%

6.52%

9.67%

3.26%

BUI

9.53%

6.32%

6.02%

3.16%

CII

10.19%

6.23%

12.93%

3.11%

BST

10.41%

8.79%

22.90%

4.39%

BSTZ*

10.28%

9.00%

16.60%

4.79%

BIGZ*

(21.77)%

8.96%

12.30%

4.48%

EGF

(1.52)%

4.76%

1.99%

2.38%

DSU

4.93%

10.19%

8.00%

4.59%

FRA

4.92%

10.69%