|
|
|
|
VIGILANT
INSURANCE COMPANY
|
|
Endorsement
No.:
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10
|
|
Bond
Number:
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82126651
|
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NAME OF ASSURED: BLACKROCK INCOME
TRUST
|
|
|
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DELETE AN
ENDORSEMENT
|
|
It is agreed that this Bond is
amended by deleting Endorsement Number(s) 9 in its
entirety.
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This Endorsement applies to loss
discovered after 12:01 a.m. on November 1, 2008.
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ALL OTHER TERMS AND CONDITIONS OF
THIS BOND REMAIN UNCHANGED.
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Date:
November 4, 2009
ICAP
Bond
Form
17-02-5647 (Ed. 11-03)
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|
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VIGILANT
INSURANCE COMPANY
|
|
|
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Endorsement
No:
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11
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|
|
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Bond
Number:
|
82126651
|
|
|
|
NAME OF ASSURED: BLACKROCK INCOME
TRUST
|
|
|
|
|
|
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AMEND NAME OF
ASSURED ENDORSEMENT
|
|
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It is agreed that NAME OF ASSURED
of the DECLARATIONS for this Bond is amended to include
the
|
following:
|
|
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BlackRock Income
Trust
|
|
BCT Subsidiary,
Inc.
|
|
BlackRock Apex Municipal Fund,
Inc.
|
|
BlackRock Broad Investment Grade
2009 Term Trust Inc.
|
|
BlackRock California Insured
Municipal Income Trust
|
|
BlackRock California Investment
Quality Municipal Trust, Inc.
|
|
BlackRock California Municipal
2018 Term Trust
|
|
BlackRock California Municipal
Bond Trust
|
|
BlackRock California Municipal
Income Trust
|
|
BlackRock California Municipal
Income Trust II
|
|
BlackRock Core Bond
Trust
|
|
BlackRock Corporate High Yield
Fund III, Inc.
|
|
BlackRock Corporate High Yield
Fund V, Inc.
|
|
BlackRock Corporate High Yield
Fund VI, Inc.
|
|
BlackRock Corporate High Yield
Fund, Inc.
|
|
BlackRock Debt Strategies Fund,
Inc.
|
|
BlackRock Diversified Income
Strategies Fund, Inc.
|
|
BlackRock Dividend Achievers ™
Trust
|
|
BlackRock EcoSolutions Investment
Trust
|
|
BlackRock Enhanced Capital and
Income Fund, Inc.
|
|
BlackRock Enhanced Dividend
Achievers ™ Trust
|
|
BlackRock Enhanced Government
Fund, Inc.
|
|
BlackRock Floating Rate Income
Strategies Fund II, Inc.
|
|
BlackRock Floating Rate Income
Strategies Fund, Inc.
|
|
BlackRock Insured Municipal
Income Investment Trust
|
|
(f/k/a BlackRock Florida Insured
Municipal Income Trust)
|
|
BlackRock Investment Quality
Municipal Income Trust
|
|
BlackRock Investment Quality
Municipal Trust
|
|
BlackRock Florida Municipal 2020
Term Trust
|
|
BlackRock Municipal Bond
Investment Trust
|
|
(f/k/a BlackRock Florida
Municipal Bond Trust)
|
|
BlackRock Municipal Income
Investment Trust
|
|
(f/k/a BlackRock Florida
Municipal Income Trust)
|
|
BlackRock Energy and Resources
Trust
|
|
BlackRock Global Equity Income
Trust
|
|
BlackRock Floating Rate Income
Trust
|
|
BlackRock Global Opportunities
Equity Trust
|
|
BlackRock Health Sciences
Trust
|
|
|
ICAP Bond
|
|
Form 17-02-6272 (Ed.
8-04)
|
Page
1
|
|
|
BlackRock High Income
Shares
|
|
BlackRock High Yield
Trust
|
|
BlackRock Income Opportunity
Trust, Inc.
|
|
BlackRock Income Trust,
Inc.
|
|
BlackRock Insured Municipal
Income Trust
|
|
BlackRock International Growth
and Income Trust
|
|
BlackRock Investment Quality
Municipal Trust, Inc.
|
|
BlackRock Limited Duration Income
Trust
|
|
BlackRock Long-Term Municipal
Advantage Trust
|
|
BlackRock Maryland Municipal Bond
Trust
|
|
BlackRock Multi-Strategy Hedge
Advantage
|
|
BlackRock Multi-Strategy Hedge
Opportunities, LLC
|
|
BlackRock Muni Intermediate
Duration Fund, Inc.
|
|
BlackRock Muni New York
Intermediate Duration Fund, Inc.
|
|
BlackRock MuniAssets Fund,
Inc.
|
|
BlackRock Municipal 2018 Term
Trust
|
|
BlackRock Municipal 2020 Term
Trust
|
|
BlackRock Municipal Bond
Trust
|
|
BlackRock Municipal Income
Trust
|
|
BlackRock Municipal Income Trust
II
|
|
BlackRock MuniEnhanced Fund,
Inc.
|
|
BlackRock MuniHoldings California
Insured Fund, Inc.
|
|
BlackRock MuniHoldings Insured
Investment Fund
|
|
(f//k/a BlackRock MuniHoldings
Florida Insured Fund)
|
|
BlackRock MuniHoldings Fund II,
Inc.
|
|
BlackRock MuniHoldings Fund,
Inc.
|
|
BlackRock MuniHoldings Insured
Fund II, Inc.
|
|
BlackRock MuniHoldings Insured
Fund, Inc.
|
|
BlackRock MuniHoldings New Jersey
Insured Fund, Inc.
|
|
BlackRock MuniHoldings New York
Insured Fund, Inc.
|
|
BlackRock MuniVest Fund II,
Inc.
|
|
BlackRock MuniVest Fund,
Inc.
|
|
BlackRock MuniYield Arizona Fund,
Inc.
|
|
BlackRock MuniYield California
Fund, Inc.
|
|
BlackRock MuniYield California
Insured Fund, Inc.
|
|
BlackRock MuniYield Investment
Fund
|
|
(f/k/a BlackRock MuniYield
Florida Fund)
|
|
BlackRockMuniYield Insured
Investment Fund
|
|
(f/k/a BlackRock MuniYield
Florida Insured Fund)
|
|
BlackRock MuniYield Fund,
Inc.
|
|
BlackRock MuniYield Insured Fund,
Inc.
|
|
BlackRock MuniYield Michigan
Insured Fund II, Inc.
|
|
BlackRock MuniYield Michigan
Insured Fund, Inc.
|
|
BlackRock MuniYield New Jersey
Fund, Inc.
|
|
BlackRock MuniYield New Jersey
Insured Fund, Inc.
|
|
BlackRock MuniYield New York
Insured Fund, Inc.
|
|
BlackRock MuniYield Pennsylvania
Insured Fund
|
|
BlackRock MuniYield Quality Fund
II, Inc.
|
|
BlackRock MuniYield Quality Fund,
Inc.
|
|
BlackRock New Jersey Investment
Quality Municipal Trust, Inc.
|
|
BlackRock New Jersey Municipal
Bond Trust
|
|
BlackRock New Jersey Municipal
Income Trust
|
|
BlackRock New York Insured
Municipal Income Trust
|
|
BlackRock New York Investment
Quality Municipal Trust, Inc.
|
|
BlackRock New York Municipal 2018
Term Trust
|
|
BlackRock New York Municipal Bond
Trust
|
|
|
ICAP Bond
|
|
Form 17-02-6272 (Ed.
8-04)
|
Page
2
|
|
BlackRock New York Municipal
Income Trust
|
BlackRock New York Municipal
Income Trust II
|
BlackRock Preferred and Corporate
Income Strategies Fund, Inc.
|
BlackRock Preferred and Equity
Advantage Trust
|
BlackRock Preferred Income
Strategies Fund, Inc.
|
BlackRock Preferred Opportunity
Trust
|
BlackRock Real Asset Equity
Trust
|
BlackRock S&P Quality
Rankings Global Equity Managed Trust
|
Master Senior Floating Rate
LLC
|
BlackRock Senior Floating Rate
Fund II, Inc.
|
BlackRock Senior Floating Rate
Fund, Inc.
|
BlackRock Senior High Income
Fund, Inc.
|
BlackRock Strategic Bond
Trust
|
BlackRock Strategic Dividend
Achievers â„¢ Trust
|
BlackRock Virginia Municipal Bond
Trust
|
BlackRock World Investment
Trust
|
The BlackRock California Insured
Municipal 2008 Term Trust, Inc.
|
The BlackRock Florida Insured
Municipal 2008 Term Trust, Inc.
|
The BlackRock Insured Municipal
2008 Term Trust, Inc.
|
The BlackRock Insured Municipal
Term Trust, Inc.
|
The BlackRock New York Insured
Municipal 2008 Term Trust, Inc.
|
The BlackRock Pennsylvania
Strategic Municipal Trust
|
The BlackRock Strategic Municipal
Trust
|
The Massachusetts Health &
Education Tax-Exempt Trust
|
BlackRock Defined Opportunity
Credit Trust
|
BlackRock Fixed Income Value
Opportunities
|
|
|
|
This Endorsement applies to loss
discovered after 12:01 a.m. on November 1, 2008.
|
|
ALL OTHER TERMS AND CONDITIONS OF
THIS BOND REMAIN UNCHANGED.
|
Date:
November 4, 2009
|
|
ICAP Bond
|
|
Form 17-02-6272 (Ed.
8-04)
|
Page
3
|
JOINT
FIDELITY BOND AGREEMENT
JOINT
FIDELITY BOND AGREEMENT BY AND AMONG
THE
BLACKROCK CLOSED-END FUNDS
JOINT
FIDELITY BOND AGREEMENT (the “Agreement”), dated as of November 1, 2007, by and
among the BlackRock Closed-End Funds (each, a “Fund” and collectively, the
“Funds”) listed on Schedule A attached hereto, as the same may be amended from
time to time, all of which are named insureds on a certain fidelity bond
underwritten by Vigilant Insurance Company (“Vigilant”), a member of the Chubb
Group of Insurance Companies, covering certain acts relating to the Funds (the
“Bond”).
W
I
T
N
E
S
S
E
T
H
WHEREAS, each of the Funds is a
closed-end management investment company registered under the Investment Company
Act of 1940, as amended (the “1940 Act”);
WHEREAS, by the terms of Rule 17g-1
under the 1940 Act, the Funds are required to provide and to maintain in effect
a bond against larceny and embezzlement by their officers and
employees. By the terms of the rule, the Funds are authorized to
secure the Bond that names all of the Funds as insureds;
WHEREAS, Rule 17g-1(f) under the 1940
Act requires that a registered management investment company named as an insured
on a joint fidelity bond enter into a certain agreement with the other named
insureds;
WHEREAS, a majority of the Board of
Directors/Trustees (collectively, the “Board,” the members of which are referred
to as “Directors”) of each Fund who are not “interested persons” as defined in
Section 2(a)(19) of the 1940 Act have given due consideration to all factors
relevant to the form, amount and ratable allocation of premiums of such Bond,
and the majority of such Directors have approved the amount, type, form and
coverage of the Bond and the portion of the premium payable with respect to each
Fund; and
WHEREAS, the Board has determined that
the allocation of the proceeds payable under the Bond as set forth herein (which
takes into account the extent to which the share of the premium allocated to
each Fund is less than the premium the Fund would have had to pay if it had
provided and maintained a single insured bond) is equitable with respect to each
Fund and that each Fund will benefit from its respective participation in the
Joint Fidelity Bond in compliance with this Rule.
NOW, THEREFORE, in consideration of the
mutual premises and covenants herein contained and other good and valuable
consideration, the receipt of which is hereby acknowledged, it is agreed by and
between the Funds hereto as follows:
1.
Joint Insured
Bond
.
The
Funds have procured from Vigilant, a reputable fidelity insurance company, the
Bond insuring each Fund against larceny and embezzlement of its securities and
funds by such of its officers and employees who may, singly or jointly with
others, have access to such securities or funds, directly or through authority
to draw upon such funds or
to
direct generally the disposition of such securities. The Bond names
each Fund as an insured, and complies with the requirements established by Rule
17g-1 under the 1940 Act.
2.
Amount.
The
Bond is in the amount based upon the total assets of each Fund, which are equal
to or in excess of the minimum coverages required for each Fund under Rule
17g-1.
3.
Ratable Allocation of
Premium.
Each Fund will pay the percentage of the premium due
under the Joint Fidelity Bond which is proportionate to the coverage as
described in Paragraph 2.
4.
Ratable Allocation of
Proceeds.
(a) In
the event any recovery under the Bond is received as a result of a loss
sustained by any of the Funds, then each Fund sustaining such loss shall receive
an equitable and proportionate share of the recovery, said proportion to be
established by the ratio that the claim bears to the total amount claimed by all
participants, but at least equal to the amount which each such Fund would have
received had it provided and maintained a single insured bond with the minimum
coverage required by Rule 17g-1(d)(1) under the 1940 Act.
(b) If
the recovery is inadequate fully to indemnify each such Fund sustaining a loss,
the recovery shall be allocated among such Funds as follows:
(i) Each
Fund sustaining a loss shall be allocated an amount equal to the lesser of its
actual loss or the amount of coverage maintained by such Fund as set forth under
Paragraph 2.
(ii)
The remaining portion of the proceeds shall be allocated to each Fund sustaining
a loss not fully covered by the allocation under subparagraph (i) in the
proportion that each such Fund’s gross assets as of the end of its fiscal
quarter preceding the loss bears to the sum of the gross assets of all such
Funds. If such allocation would result in any Fund sustaining a loss
receiving a portion of the recovery in excess of the loss actually sustained by
such Fund, the aggregate of such excess portions shall be allocated among the
other Funds whose losses would not be fully indemnified in the same proportion
as each such Fund’s gross assets bear to the sum of the gross assets of all
Funds entitled to receive a share of the excess (both determined as of the
fiscal quarter of each Fund preceding the loss). Any allocation in
excess of a loss actually sustained by any such Fund shall be reallocated in the
same manner.
5.
Claims and
Settlements.
Each Fund shall, within ten days after the making of any
claim under the Bond, provide the other Funds with written notice of the amount
and nature of such claim. Each Fund shall, within ten days after the
receipt thereof, provide the other Funds with written notice of the terms of
settlement of any claim made under the Bond by such Fund.
6.
Modification and
Amendments.
(a) If
a Fund shall determine that the coverage required by Rule 17g-1 for such Fund
has changed, or that the amount of the total coverage allocated to such Fund
should otherwise be modified, it shall so notify the other Funds setting forth
the modification which it believes to be appropriate, and the proposed treatment
of any increased or return premium.
(b) Within
60 days after such notice, the Funds shall seek the approval required by Rule
17g-1, and if approvals are obtained, shall effect an amendment to this
Agreement and the Bond. Any Fund may terminate this Agreement (except
with respect to losses occurring prior to such withdrawal) by giving at least 60
days’ written notice to the other Funds. The Fund(s) terminating the
Agreement shall thereafter be removed as a named insured in accordance with Rule
17g-1 and the Fund(s) shall be entitled to receive the pro rata
portion of any return of premium paid to the insurance company.
(c) This
Agreement is intended to cover all entities insured under the Joint Fidelity
Bond. Any insured under the Bond that is not currently listed on
Schedule A hereto may be added to this Agreement by a written
amendment. The Funds hereby consent to additional registered
investment companies advised by BlackRock Advisors, LLC and its affiliates being
named as an insured under the Bond and the Agreement.
7.
Limitation of Liability for
Massachusetts business trusts.
The Declaration of Trust for each Fund
listed on Schedule A hereto that is organized as a Massachusetts business trust
(each, a “Massachusetts Trust”) is on file with the Secretary of the
Commonwealth of Massachusetts. This Agreement is executed on behalf of such
Massachusetts Trusts by the Trust’s Chief Executive Officer and not individually
and the obligations imposed upon each Massachusetts Trust by this Agreement are
not binding upon any of the Massachusetts Trust’s respective Board members,
officers or shareholders individually but are binding only upon the assets and
property of such Massachusetts Trust.
8.
No
Assignment.
This Agreement is not assignable.
9.
Counterparts.
This
Agreement may be executed in any number of counterparts
which
together shall constitute a single instrument.
10.
Governing
Law.
The Agreement shall be construed in accordance with the
laws of the State of New Jersey.
11.
Notices.
All
Notices and other communications hereunder shall be in writing and shall be
addressed to the appropriate Fund at P.O. Box 9011, Princeton,
NJ 08543-9011.
IN WITNESS WHEREOF, each Fund has
caused the foregoing instrument to be executed by their duly authorized
officers, all as of the day and the year first above written.
|
|
/s/
Neal Andrews
|
|
Name:
|
Neal
Andrews
|
|
Title:
|
Assistant
Treasurer of each Fund listed
|
|
|
on
Schedule A
|
Schedule
A
(as of November 20, 2009)
BlackRock
Dividend Achievers Trust
BlackRock
EcoSolutions Investment Trust
BlackRock
Enhanced Capital and Income Fund, Inc.
BlackRock
Enhanced Dividend Achievers Trust
BlackRock
Energy and Resources Trust
BlackRock
Global Opportunities Equity Trust
BlackRock
Health Sciences Trust
BlackRock
International Growth and Income Trust
BlackRock Credit
Allocation Income Trust I, Inc. (
f/k/a
BlackRock Preferred and Corporate Income Strategies Fund,
Inc.)
BlackRock Credit
Allocation Income Trust IV (
f/k/a
BlackRock Preferred and Equity Advantage Trust)
BlackRock Credit
Allocation Income Trust II, Inc. (
f/k/a
BlackRock Preferred Income Strategies Fund, Inc.)
BlackRock Credit
Allocation Income Trust III (
f/k/a
BlackRock Preferred Opportunity Trust)
BlackRock
Real Asset Equity Trust
BlackRock
S&P Quality Rankings Global Equity Managed Trust
BlackRock
Strategic Dividend Achievers Trust
BlackRock
Apex Municipal Fund, Inc.
BlackRock
California Insured Municipal Income Trust
BlackRock
California Investment Quality Municipal Trust, Inc.
BlackRock
California Municipal 2018 Term Trust
BlackRock
California Municipal Bond Trust
BlackRock
California Municipal Income Trust
BlackRock
California Municipal Income Trust II
BlackRock
Insured Municipal Income Investment Trust
BlackRock
Investment Quality Municipal Income Trust
BlackRock
Florida Municipal 2020 Term Trust
BlackRock
Municipal Bond Investment Trust
BlackRock
Municipal Income Investment Trust
BlackRock
Insured Municipal Income Trust
BlackRock
Insured Municipal Term Trust, Inc.
BlackRock
Investment Quality Municipal Trust, Inc.
BlackRock
Long-Term Municipal Advantage Trust
BlackRock
Maryland Municipal Bond Trust
Massachusetts
Health & Education Tax Exempt Trust
BlackRock
Muni Intermediate Duration Fund, Inc.
BlackRock
Muni New York Intermediate Duration Fund, Inc.
BlackRock
MuniAssets Fund, Inc.
BlackRock
Municipal 2018 Term Trust
BlackRock
Municipal 2020 Term Trust
BlackRock
Municipal Bond Trust
BlackRock
Municipal Income Trust
BlackRock
Municipal Income Trust II
BlackRock
MuniEnhanced Fund, Inc.
BlackRock
MuniHoldings California Insured Fund, Inc.
BlackRock
MuniHoldings Insured Investment Fund
BlackRock
MuniHoldings Fund II, Inc.
BlackRock
MuniHoldings Fund, Inc.
BlackRock
MuniHoldings Insured Fund II, Inc.
BlackRock
MuniHoldings Insured Fund, Inc.
BlackRock
MuniHoldings New Jersey Insured Fund, Inc.
BlackRock
MuniHoldings New York Insured Fund, Inc.
BlackRock
MuniVest Fund II, Inc.
BlackRock
MuniVest Fund, Inc.
BlackRock
MuniYield Arizona Fund, Inc.
BlackRock
MuniYield California Fund, Inc.
BlackRock
MuniYield California Insured Fund, Inc.
BlackRock
MuniYield Investment Fund
BlackRock
MuniYield Insured Investment Fund
BlackRock
MuniYield Fund, Inc.
BlackRock
MuniYield Insured Fund, Inc.
BlackRock
MuniYield Michigan Insured Fund II, Inc.
BlackRock
MuniYield Michigan Insured Fund, Inc.
BlackRock
MuniYield New Jersey Fund, Inc.
BlackRock
MuniYield New Jersey Insured Fund, Inc.
BlackRock
MuniYield New York Insured Fund, Inc.
BlackRock
MuniYield Pennsylvania Insured Fund
BlackRock
MuniYield Quality Fund II, Inc.
BlackRock
MuniYield Quality Fund, Inc.
BlackRock
New Jersey Investment Quality Municipal Trust, Inc.
BlackRock
New Jersey Municipal Bond Trust
BlackRock
New Jersey Municipal Income Trust
BlackRock
New York Insured Municipal Income Trust
BlackRock
New York Investment Quality Municipal Trust, Inc.
BlackRock
New York Municipal 2018 Term Trust
BlackRock
New York Municipal Bond Trust
BlackRock
New York Municipal Income Trust
BlackRock
New York Municipal Income Trust II
BlackRock
Pennsylvania Strategic Municipal Trust
BlackRock
Strategic Municipal Trust
BlackRock
Virginia Municipal Bond Trust
BlackRock
Debt Strategies Fund, Inc.
BlackRock
Diversified Income Strategies Fund, Inc.
BlackRock
Floating Rate Income Strategies Fund, Inc.
BlackRock
Floating Rate Income Strategies Fund II, Inc.
Master
Senior Floating Rate LLC
BlackRock
Senior Floating Rate Fund, Inc.
BlackRock
Senior Floating Rate Fund II, Inc.
BlackRock
Senior High Income Fund, Inc.
BlackRock
Core Bond Trust
BlackRock
Floating Rate Income Trust
BlackRock
High Income Shares
BlackRock
High Yield Trust
BlackRock
Income Opportunity Trust, Inc.
BlackRock
Income Trust, Inc.
BlackRock
Limited Duration Income Trust
BlackRock
Strategic Bond Trust
BlackRock
Corporate High Yield Fund, Inc.
BlackRock
Corporate High Yield Fund III, Inc.
BlackRock
Corporate High Yield Fund V, Inc.
BlackRock
Corporate High Yield Fund VI, Inc.
BlackRock
Enhanced Government Fund, Inc.
BlackRock
Defined Opportunity Credit Trust
BlackRock
Fixed Income Value Opportunities
RESOLUTIONS
FOR THE FUNDS
(except
BlackRock Fixed Income Value Opportunities)
RESOLVED,
that the Boards have determined that participation by the Funds in the joint
fidelity bond which provides for equitable sharing of recoveries, including
payment of any reserve premiums, is in the best interests of the Funds; and
further
RESOLVED,
that the proposed premiums for the joint fidelity bond to be allocated to each
of the Funds are fair and reasonable to each of the Funds; and
further
RESOLVED,
that the Boards, including a majority of the Independent Board Members, hereby
approve the joint fidelity bond; and further
RESOLVED,
that the proper officers of each Fund be, and they hereby are, authorized to
take such additional actions as they deem necessary or advisable to carry out
the intent of the foregoing resolutions; and further
RESOLVED,
that all actions heretofore taken in connection with any matter referred to in
the foregoing resolutions be hereby approved, ratified and confirmed in all
respects.
RESOLUTIONS
FOR
BLACKROCK
FIXED INCOME VALUE OPPORTUNITIES
RESOLVED,
that the Board of Trustees has determined that the participation by the Trust
and other funds, series or accounts managed by the Advisors in the joint
fidelity bond which provides for equitable sharing of recoveries, including
payment of any reserve premiums, is in the best interests of the Trust; and
further
RESOLVED,
that the agreement between the Trust and other funds, series or accounts managed
by the Advisors to enter into the joint fidelity bond (the "Joint Insured Bond
Agreement"), be, and it hereby is, adopted and approved substantially in the
form previously approved and adopted by the Board of Trustees on behalf of the
BlackRock Closed-End Funds, together with such changes and modifications as the
officers of the Trust deem advisable; and further
RESOLVED,
that the Board of Trustees, including a majority of the Independent Trustees,
shall review such Joint Insured Bond Agreement at least annually in order to
ascertain whether or not such policy continues to be in the best interests of
the Trust, and whether or not the premiums to be paid by the Trust are fair and
reasonable; and further
RESOLVED,
that in accordance with Rule 17g-1(h) under the Investment Company Act, the
Secretary of the Trust is hereby designated as the officer of the Trust who is
authorized and directed to make the filings with the SEC and give the notices
required by Rule 17g-1(g); and further
RESOLVED,
that the officers of the Trust be, and they hereby are, authorized and directed
at all times to take all actions necessary to assure compliance with these
resolutions and Rule 17g-1 of the Investment Company Act.
SINGLED
INSURED BOND STATEMENT
Fund
|
Gross
Assets
as
of
September
30, 2008
(in
dollars)
|
Amount
of Bond
(in
dollars)
|
BlackRock
Dividend Achievers Trust
|
653,941,450
|
900,000
|
BlackRock
EcoSolutions Investment Trust
|
167,894,874
|
600,000
|
BlackRock
Enhanced Capital and Income Fund, Inc.
|
214,595,393
|
600,000
|
BlackRock
Enhanced Dividend Achievers Trust
|
775,872,446
|
1,000,000
|
BlackRock
Energy and Resources Trust
|
827,954,523
|
1,000,000
|
BlackRock
Global Opportunities Equity Trust
|
284,551,098
|
750,000
|
BlackRock
Health Sciences Trust
|
209,373,018
|
600,000
|
BlackRock
International Growth and Income Trust
|
1,433,805,618
|
1,250,000
|
BlackRock
Credit Allocation Income Trust I, Inc. (
f/k/a
BlackRock Preferred and Corporate Income Strategies Fund,
Inc.)
|
259,635,912
|
750,000
|
BlackRock
Credit Allocation Income Trust IV (
f/k/a
BlackRock Preferred and Equity Advantage Trust)
|
1,161,839,243
|
1,250,000
|
BlackRock
Credit Allocation Income Trust II, Inc. (
f/k/a
BlackRock Preferred Income Strategies Fund, Inc.)
|
1,006,607,365
|
1,250,000
|
BlackRock
Credit Allocation Income Trust III (
f/k/a
BlackRock Preferred Opportunity Trust)
|
404,685,521
|
750,000
|
BlackRock
Real Asset Equity Trust
|
777,537,578
|
1,000,000
|
BlackRock
S&P Quality Rankings Global Equity Managed Trust
|
90,919,776
|
450,000
|
BlackRock
Strategic Dividend Achievers Trust
|
343,471,447
|
750,000
|
BlackRock
Apex Municipal Fund, Inc.
|
172,019,553
|
600,000
|
BlackRock
California Insured Municipal Income Trust
|
104,256,179
|
525,000
|
BlackRock
California Investment Quality Municipal Trust, Inc.
|
18,891,558
|
225,000
|
BlackRock
California Municipal 2018 Term Trust
|
142,345,375
|
525,000
|
BlackRock
California Municipal Bond Trust
|
73,942,178
|
400,000
|
BlackRock
California Municipal Income Trust
|
295,491,927
|
750,000
|
BlackRock
California Municipal Income Trust II
|
160,986,308
|
600,000
|
BlackRock
Insured Municipal Income Investment Trust
|
157,463,011
|
600,000
|
BlackRock
Investment Quality Municipal Income Trust
|
20,255,094
|
250,000
|
BlackRock
Florida Municipal 2020 Term Trust
|
116,477,204
|
525,000
|
BlackRock
Municipal Bond Investment Trust
|
72,658,120
|
400,000
|
BlackRock
Municipal Income Investment Trust
|
136,567,551
|
525,000
|
BlackRock
Insured Municipal Income Trust
|
484,644,910
|
750,000
|
BlackRock
Insured Municipal Term Trust, Inc.
|
320,266,773
|
750,000
|
BlackRock
Investment Quality Municipal Trust, Inc.
|
345,181,739
|
750,000
|
BlackRock
Long-Term Municipal Advantage Trust
|
284,214,559
|
750,000
|
BlackRock
Maryland Municipal Bond Trust
|
42,830,277
|
350,000
|
Massachusetts
Health & Education Tax Exempt Trust
|
45,407,886
|
350,000
|
BlackRock
Muni Intermediate Duration Fund, Inc.
|
792,507,764
|
1,000,000
|
BlackRock
Muni New York Intermediate Duration Fund, Inc.
|
82,548,627
|
450,000
|
BlackRock
MuniAssets Fund, Inc.
|
249,008,311
|
600,000
|
BlackRock
Municipal 2018 Term Trust
|
348,055,704
|
750,000
|
BlackRock
Municipal 2020 Term Trust
|
433,031,446
|
750,000
|
BlackRock
Municipal Bond Trust
|
218,783,664
|
600,000
|
BlackRock
Municipal Income Trust
|
814,349,600
|
1,000,000
|
BlackRock
Municipal Income Trust II
|
453,365,237
|
750,000
|
BlackRock
MuniEnhanced Fund, Inc.
|
436,476,046
|
750,000
|
BlackRock
MuniHoldings California Insured Fund, Inc.
|
847,598,393
|
1,000,000
|
BlackRock
MuniHoldings Insured Investment Fund
|
766,810,836
|
1,000,000
|
BlackRock
MuniHoldings Fund II, Inc.
|
211,782,134
|
600,000
|
BlackRock
MuniHoldings Fund, Inc.
|
293,647,740
|
750,000
|
BlackRock
MuniHoldings Insured Fund II, Inc.
|
411,693,621
|
750,000
|
BlackRock
MuniHoldings Insured Fund, Inc.
|
247,347,122
|
600,000
|
BlackRock
MuniHoldings New Jersey Insured Fund, Inc.
|
465,727,801
|
750,000
|
BlackRock
MuniHoldings New York Insured Fund, Inc.
|
642,786,374
|
900,000
|
BlackRock
MuniVest Fund II, Inc.
|
403,402,896
|
750,000
|
BlackRock
MuniVest Fund, Inc.
|
784,201,084
|
1,000,000
|
BlackRock
MuniYield Arizona Fund, Inc.
|
95,168,039
|
450,000
|
BlackRock
MuniYield California Fund, Inc.
|
408,257,801
|
750,000
|
BlackRock
MuniYield California Insured Fund, Inc.
|
650,736,525
|
900,000
|
BlackRock
MuniYield Investment Fund
|
261,737,335
|
750,000
|
BlackRock
MuniYield Insured Investment Fund
|
169,466,549
|
600,000
|
BlackRock
MuniYield Fund, Inc.
|
826,453,634
|
1,000,000
|
BlackRock
MuniYield Insured Fund, Inc.
|
1,140,759,700
|
1,250,000
|
BlackRock
MuniYield Michigan Insured Fund II, Inc.
|
236,192,301
|
600,000
|
BlackRock
MuniYield Michigan Insured Fund, Inc.
|
385,574,048
|
750,000
|
BlackRock
MuniYield New Jersey Fund, Inc.
|
293,625,875
|
750,000
|
BlackRock
MuniYield New Jersey Insured Fund, Inc.
|
183,269,274
|
600,000
|
BlackRock
MuniYield New York Insured Fund, Inc.
|
735,390,691
|
900,000
|
BlackRock
MuniYield Pennsylvania Insured Fund
|
227,180,177
|
600,000
|
BlackRock
MuniYield Quality Fund II, Inc.
|
372,227,707
|
750,000
|
BlackRock
MuniYield Quality Fund, Inc.
|
580,159,683
|
900,000
|
BlackRock
New Jersey Investment Quality Municipal Trust, Inc.
|
18,571,258
|
225,000
|
BlackRock
New Jersey Municipal Bond Trust
|
48,898,747
|
350,000
|
BlackRock
New Jersey Municipal Income Trust
|
159,129,874
|
600,000
|
BlackRock
New York Insured Municipal Income Trust
|
121,270,415
|
525,000
|
BlackRock
New York Investment Quality Municipal Trust, Inc.
|
26,032,440
|
300,000
|
BlackRock
New York Municipal 2018 Term Trust
|
84,319,547
|
450,000
|
BlackRock
New York Municipal Bond Trust
|
59,663,622
|
400,000
|
BlackRock
New York Municipal Income Trust
|
256,779,797
|
750,000
|
BlackRock
New York Municipal Income Trust II
|
109,040,657
|
525,000
|
BlackRock
Pennsylvania Strategic Municipal Trust
|
43,120,436
|
350,000
|
BlackRock
Strategic Municipal Trust
|
133,669,742
|
525,000
|
BlackRock
Virginia Municipal Bond Trust
|
33,883,628
|
300,000
|
BlackRock
Debt Strategies Fund, Inc.
|
695,292,235
|
900,000
|
BlackRock
Defined Opportunity Credit Trust
|
180,058,871
|
600,000
|
BlackRock
Diversified Income Strategies Fund, Inc.
|
209,421,638
|
600,000
|
BlackRock
Floating Rate Income Strategies Fund, Inc.
|
369,243,851
|
750,000
|
BlackRock
Floating Rate Income Strategies Fund II, Inc.
|
210,072,039
|
600,000
|
Master
Senior Floating Rate LLC.
|
559,581,965
|
900,000
|
BlackRock
Senior Floating Rate Fund, Inc.
|
357,044,894
|
750,000
|
BlackRock
Senior Floating Rate Fund II, Inc.
|
163,945,101
|
600,000
|
BlackRock
Senior High Income Fund, Inc.
|
342,060,440
|
750,000
|
BlackRock
Core Bond Trust
|
587,379,591
|
900,000
|
BlackRock
Floating Rate Income Trust
|
564,912,453
|
900,000
|
BlackRock
High Income Shares
|
149,647,828
|
525,000
|
BlackRock
High Yield Trust
|
57,251,173
|
400,000
|
BlackRock
Income Opportunity Trust, Inc.
|
655,111,599
|
900,000
|
BlackRock
Income Trust, Inc.
|
788,616,887
|
1,000,000
|
BlackRock
Limited Duration Income Trust
|
804,744,402
|
1,000,000
|
BlackRock
Strategic Bond Trust
|
87,734,308
|
450,000
|
BlackRock
Corporate High Yield Fund, Inc.
|
292,755,829
|
750,000
|
BlackRock
Corporate High Yield Fund III, Inc.
|
313,902,479
|
750,000
|
BlackRock
Corporate High Yield Fund V, Inc.
|
451,804,979
|
750,000
|
BlackRock
Corporate High Yield Fund VI, Inc.
|
483,887,074
|
750,000
|
BlackRock
Enhanced Government Fund, Inc.
|
330,742,134
|
750,000
|
Fund
|
Gross
Assets
as
of
February
27, 2009
(in
dollars)
|
Amount
of Bond
(in
dollars)
|
BlackRock
Fixed Income Value Opportunities
|
306,147,213.65
|
750,000
|