BlackRock Closed-End Funds have Repurchased approximately $1.3 Billion of Shares since the Share Repurchase Program’s Inception

BlackRock Advisors, LLC (“BlackRock”) released today share repurchase activity for certain BlackRock-advised closed-end funds (the “Funds”) during the quarter ended December 31, 2023. The Funds have authorized open market share repurchase programs (the “Repurchase Programs”) pursuant to which each Fund may repurchase, through November 30, 2024, 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.

• Since the initial Repurchase Program’s inception in 2016, BlackRock has repurchased approximately $1.3 billion in shares across the closed-end fund (“CEF”) complex, leading to approximately $203 million in NAV accretion.
  

• BlackRock repurchased approximately $116 million in shares across the entire CEF complex in the fourth quarter, leading to over $18 million in NAV accretion.

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 December 31, 2023:

Fund Name	Ticker	Number of Shares Repurchased	Total Amount of Shares Repurchased	Total Amount of NAV Accretion	Average Discount on Days Repurchased
BlackRock Energy and Resources Trust	BGR	148,801	$1,892,516	$254,301	-12.2%
BlackRock Enhanced Global Dividend Trust	BOE	354,098	$3,370,798	$558,139	-14.6%
BlackRock Enhanced International Dividend Trust	BGY	442,743	$2,213,453	$357,917	-14.4%
BlackRock Resources & Commodities Strategy Trust	BCX	494,715	$4,371,234	$723,884	-14.5%
BlackRock California Municipal Income Trust	BFZ	175,930	$1,861,690	$267,046	-12.9%
BlackRock MuniHoldings California Quality Fund, Inc.	MUC	723,108	$7,159,350	$1,240,746	-15.0%
BlackRock MuniHoldings New Jersey Quality Fund, Inc.	MUJ	291,038	$3,033,664	$527,648	-15.0%
BlackRock MuniYield Michigan Quality Fund, Inc.	MIY	162,304	$1,641,613	$300,664	-15.6%
BlackRock MuniYield Pennsylvania Quality Fund	MPA	44,513	$473,791	$64,616	-12.4%
BlackRock Virginia Municipal Bond Trust	BHV	8,007	$76,388	$13,851	-15.6%
BlackRock New York Municipal Income Trust	BNY	119,457	$1,108,677	$201,198	-15.6%
BlackRock MuniHoldings New York Quality Fund, Inc.	MHN	185,832	$1,758,780	$317,066	-15.7%
BlackRock MuniYield New York Quality Fund, Inc.	MYN	267,587	$2,456,802	$438,584	-15.6%
BlackRock MuniVest Fund, Inc.	MVF	359,617	$2,290,334	$371,398	-14.4%
BlackRock MuniVest Fund II, Inc.	MVT	116,098	$1,121,109	$200,132	-15.4%
BlackRock Municipal Income Fund, Inc.	MUI	530,166	$5,538,080	$922,191	-14.5%
BlackRock MuniYield Quality Fund, Inc.	MQY	396,601	$4,077,459	$643,848	-13.9%
BlackRock MuniYield Quality Fund II, Inc.	MQT	123,840	$1,147,926	$189,350	-14.5%
BlackRock Municipal Income Trust II	BLE	296,404	$2,832,282	$476,357	-14.9%
BlackRock Municipal Income Quality Trust	BYM	188,220	$1,882,032	$309,035	-14.2%
BlackRock Investment Quality Municipal Trust Inc.	BKN	131,572	$1,371,309	$212,867	-13.8%
BlackRock MuniYield Fund, Inc.	MYD	436,290	$4,092,844	$708,911	-14.7%
BlackRock Municipal Income Trust	BFK	308,814	$2,852,177	$478,444	-14.7%
BlackRock MuniYield Quality Fund III, Inc.	MYI	662,640	$6,641,600	$1,019,593	-13.5%
BlackRock MuniHoldings Quality Fund II, Inc.	MUE	169,836	$1,553,510	$273,688	-15.3%
BlackRock MuniHoldings Fund, Inc.	MHD	327,845	$3,482,344	$608,994	-15.1%
BlackRock MuniAssets Fund, Inc.	MUA	128,885	$1,141,049	$160,811	-12.5%
BlackRock Municipal 2030 Target Term Trust	BTT	2,194,165	$44,438,097	$6,339,946	-12.6%

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

Fund Name	Ticker	Number of Shares Repurchased	Total Amount of Shares Repurchased	Total Amount of NAV Accretion	Average Discount on Days Repurchased
BlackRock Energy and Resources Trust	BGR	2,360,351	$24,523,628	$3,372,426	-12.3%
BlackRock Enhanced Equity Dividend Trust	BDJ	2,974,888	$23,626,347	$2,641,607	-10.1%
BlackRock Enhanced Global Dividend Trust	BOE	7,957,357	$80,969,269	$10,908,102	-12.3%
BlackRock Enhanced International Dividend Trust	BGY	9,717,430	$51,603,020	$6,744,203	-12.0%
BlackRock Health Sciences Term Trust	BMEZ	6,155,567	$95,748,350	$17,702,027	-15.6%
BlackRock Science and Technology Term Trust	BSTZ	2,467,361	$41,616,419	$8,535,673	-16.7%
BlackRock Innovation and Growth Term Trust	BIGZ	18,909,732	$176,860,365	$35,473,427	-18.5%
BlackRock Capital Allocation Term Trust	BCAT	5,127,654	$78,243,175	$13,254,684	-15.3%
BlackRock ESG Capital Allocation Term Trust	ECAT	3,814,731	$54,526,808	$10,776,340	-16.7%
BlackRock Resources & Commodities Strategy Trust	BCX	14,696,489	$120,534,852	$17,638,740	-13.2%
BlackRock Science and Technology Trust	BST	136,367	$2,799,570	$284,111	-9.1%
BlackRock Corporate High Yield Fund, Inc.	HYT	4,695,612	$48,249,031	$6,328,699	-11.8%
BlackRock Credit Allocation Income Trust	BTZ	4,222,616	$52,321,626	$7,126,080	-12.1%
BlackRock Debt Strategies Fund, Inc.	DSU	4,887,450	$54,871,336	$5,651,691	-9.7%
BlackRock Floating Rate Income Strategies Fund, Inc.	FRA	2,000,291	$24,605,346	$3,520,574	-12.8%
BlackRock Floating Rate Income Trust	BGT	1,361,673	$15,886,943	$2,250,227	-12.4%
BlackRock Income Trust, Inc.	BKT	145,423	$854,488	$79,581	-8.7%
BlackRock Limited Duration Income Trust	BLW	1,341,749	$19,494,225	$2,522,574	-11.4%
BlackRock Multi-Sector Income Trust	BIT	884,028	$14,722,265	$1,722,801	-10.5%
BlackRock California Municipal Income Trust	BFZ	1,839,240	$21,374,023	$3,338,512	-13.5%
BlackRock MuniHoldings California Quality Fund, Inc.	MUC	3,344,441	$35,461,259	$5,734,895	-14.3%
BlackRock MuniHoldings New Jersey Quality Fund, Inc.	MUJ	1,397,371	$15,585,806	$2,468,557	-14.2%
BlackRock MuniYield Michigan Quality Fund, Inc.	MIY	639,050	$7,012,157	$1,167,154	-14.6%
BlackRock MuniYield Pennsylvania Quality Fund	MPA	412,092	$4,715,120	$709,961	-12.8%
BlackRock Virginia Municipal Bond Trust	BHV	23,399	$234,311	$39,817	-14.6%
BlackRock New York Municipal Income Trust	BNY	520,544	$5,161,889	$893,396	-14.6%
BlackRock MuniHoldings New York Quality Fund, Inc.	MHN	890,386	$8,930,263	$1,438,306	-14.1%
BlackRock MuniYield New York Quality Fund, Inc.	MYN	1,273,376	$12,372,756	$1,988,077	-14.2%
BlackRock MuniVest Fund, Inc.	MVF	1,390,022	$9,194,087	$1,435,454	-13.9%
BlackRock MuniVest Fund II, Inc.	MVT	508,380	$5,206,641	$849,916	-14.3%
BlackRock Municipal Income Fund, Inc.	MUI	1,878,826	$20,883,800	$3,206,576	-13.6%
BlackRock MuniYield Quality Fund, Inc.	MQY	1,409,061	$15,553,762	$2,260,929	-12.9%
BlackRock MuniYield Quality Fund II, Inc.	MQT	463,401	$4,545,923	$702,059	-13.7%
BlackRock Municipal Income Trust II	BLE	1,129,608	$11,392,579	$1,802,043	-14.1%
BlackRock Municipal Income Quality Trust	BYM	518,529	$5,481,458	$823,055	-13.2%
BlackRock Investment Quality Municipal Trust Inc.	BKN	507,653	$5,558,815	$804,586	-13.1%
BlackRock MuniYield Fund, Inc.	MYD	1,186,184	$11,830,111	$1,894,529	-13.9%
BlackRock Municipal Income Trust	BFK	1,186,241	$11,462,169	$1,883,749	-14.4%
BlackRock MuniYield Quality Fund III, Inc.	MYI	1,683,430	$17,533,558	$2,618,183	-13.2%
BlackRock MuniHoldings Quality Fund II, Inc.	MUE	607,738	$5,754,410	$983,674	-14.7%
BlackRock MuniHoldings Fund, Inc.	MHD	1,215,172	$13,647,877	$2,259,191	-14.4%
BlackRock MuniAssets Fund, Inc.	MUA	217,660	$1,967,553	$271,671	-12.4%
BlackRock Municipal 2030 Target Term Trust	BTT	2,293,753	$46,483,421	$6,604,379	-12.5%

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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