BMN Overview

Distribution Dates Announced: Specific distribution dates for certain BlackRock closed-end funds have been announced.

Amounts Specified: The announcement includes details on the amounts to be distributed for these funds.

Distribution Announcements: BlackRock has announced distributions for various closed-end funds, including municipal, taxable municipal, taxable fixed income, equity, and multi-asset funds, with declaration dates set for November 3, 2025, and payable dates on November 28, 2025.

Managed Distribution Plans: The BlackRock Capital Allocation Term Trust and BlackRock ESG Capital Allocation Term Trust have adopted managed distribution plans to maintain a consistent monthly distribution of income, capital gains, and/or return of capital, calculated based on their 12-month rolling average daily net asset value.

Estimated Sources of Distributions: The estimated sources of distributions for the funds include net income, net realized short-term gains, net realized long-term gains, and return of capital, with many funds expected to distribute more than their income and gains, indicating a potential return of capital.

Forward-Looking Statements: BlackRock cautions that forward-looking statements regarding the funds' performance and distributions are subject to various risks and uncertainties, and actual results may differ significantly from those anticipated.

BlackRock Fund Announcement: BlackRock Advisors announced the successful pricing and placement of $50 million in Variable Rate Demand Preferred Shares (VRDP) for the BlackRock 2037 Municipal Target Term Trust, aimed at increasing leverage and enhancing earnings.

Investment Objectives: The proceeds from the VRDP issuance will support the Fund's goal of providing current income exempt from federal income tax and returning $25.00 per common share to investors by September 30, 2037.

Distribution Announcements: BlackRock has announced distributions for various closed-end funds, including municipal, taxable municipal, taxable fixed income, equity, and multi-asset funds, with declaration dates set for October 1, 2025, and payable dates varying by fund.

Managed Distribution Plans: The BlackRock Capital Allocation Term Trust and BlackRock ESG Capital Allocation Term Trust have adopted managed distribution plans to maintain a consistent monthly distribution based on a percentage of their net asset value.

Estimated Sources of Distributions: The estimated sources of distributions for the funds include net income, realized short-term and long-term gains, and return of capital, with many funds expected to distribute more than their income and gains, indicating potential returns of capital.

Forward-Looking Statements: BlackRock cautions that forward-looking statements regarding fund performance and distributions are subject to various risks and uncertainties, and actual results may differ from those anticipated.