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BlackRock Equity Option Closed-End Funds Approve Change to Distribution Frequency. Now Monthly. Eleven BlackRock equity option closed-end funds (the “Funds”) have approved a change to the frequency of regular Fund distributions from quarterly to monthly. A list of the Funds is provided below. As a result of the change, beginning in August 2014 (with respect to BOE, BQY, and BUI) or September 2014 (with respect to BCF, BCX, BDJ, BGR, BGY, BME, BQR and CII) shareholders of each Fund will begin receiving distributions on a monthly basis. Distribution rates and relevant dates for the Funds’ initial monthly distributions will be announced, subject to the Fund’s declaration of such distributions at the discretion of the Fund’s Board of Directors/Trustees, in August and September, as applicable. BlackRock believes changing the frequency of regular Fund distributions from quarterly to monthly will benefit investors seeking more frequent regular cash distributions.
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Eleven BlackRock equity option closed-end funds (the “Funds”) have approved a change to the frequency of regular Fund distributions from quarterly to monthly. A list of the Funds is provided below.
As a result of the change, beginning in August 2014 (with respect to BOE, BQY, and BUI) or September 2014 (with respect to BCF, BCX, BDJ, BGR, BGY, BME, BQR and CII) shareholders of each Fund will begin receiving distributions on a monthly basis. Distribution rates and relevant dates for the Funds’ initial monthly distributions will be announced, subject to the Fund’s declaration of such distributions at the discretion of the Fund’s Board of Directors/Trustees, in August and September, as applicable. BlackRock believes changing the frequency of regular Fund distributions from quarterly to monthly will benefit investors seeking more frequent regular cash distributions.