<SEC-DOCUMENT>0001193125-18-224835.txt : 20180724
<SEC-HEADER>0001193125-18-224835.hdr.sgml : 20180724
<ACCEPTANCE-DATETIME>20180724172304
ACCESSION NUMBER:		0001193125-18-224835
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20180724
DATE AS OF CHANGE:		20180724
EFFECTIVENESS DATE:		20180724

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK INCOME TRUST, INC.
		CENTRAL INDEX KEY:			0000832327
		IRS NUMBER:				133463349
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05542
		FILM NUMBER:		18967188

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		888-825-2257

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK INCOME TRUST INC.
		DATE OF NAME CHANGE:	20121009

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK INCOME TRUST INC
		DATE OF NAME CHANGE:	19930309

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKSTONE INCOME TRUST INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>d577439ddefa14a.htm
<DESCRIPTION>BLACKROCK INCOME TRUST
<TEXT>
<HTML><HEAD>
<TITLE>BLACKROCK INCOME TRUST</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A
INFORMATION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Proxy Statement Pursuant to Section&nbsp;14(a) of the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filed by the
Registrant&nbsp;&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Filed by a Party other than the
Registrant&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="95%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Preliminary Proxy Statement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Confidential, for Use of the Commission Only (as permitted by Rule&nbsp;14a-6(e)(2))</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Definitive Proxy Statement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Definitive Additional Materials</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Soliciting Material Pursuant to &#167;240.14a-12</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B>BlackRock Income Trust, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Registrant as Specified In Its Charter) </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Person(s) Filing Proxy Statement, if Other than the Registrant) </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Payment of Filing Fee (Check the appropriate box): </P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">No fee required.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(1)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Title of each class of securities to which transaction applies:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(2)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Aggregate number of securities to which transaction applies:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(3)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule&nbsp;0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(4)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Proposed maximum aggregate value of transaction:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(5)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Total fee paid:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Fee paid previously with preliminary materials.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Check box if any part of the fee is offset as provided by Exchange Act Rule&nbsp;0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(1)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amount Previously Paid:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(2)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Form, Schedule or Registration Statement No.:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(3)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filing Party:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(4)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date Filed:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On July&nbsp;24, 2018, BlackRock Income Trust, Inc.
issued a press release, a copy of which is attached hereto as Exhibit A. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow" ALIGN="right"><B>Exhibit A </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g577439g87s42.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow"><B>Contact: </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow"><B><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-882-0052</FONT></FONT></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow" ALIGN="center"><B>BlackRock Income Trust, Inc. Announces </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow" ALIGN="center"><B>Adoption of Managed Distribution Plan and Change of Fiscal Year End </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow"><B>New York, July</B><B></B><B>&nbsp;24, 2018 &#150; </B>BlackRock Advisors, LLC today announced the Board of Directors (the &#147;Board&#148;) of BlackRock
Income Trust, Inc. (NYSE: BKT) (the &#147;Fund&#148;) has approved the adoption of a managed distribution plan (the &#147;Plan&#148;) whereby the Fund, beginning in August 2018, will make monthly distributions to common stockholders at a monthly
fixed rate of $0.0344 per share of common stock (a &#147;share&#148;) or 6.5% per annum based on the Fund&#146;s net asset value as of July&nbsp;2, 2018 and a change of the Fund&#146;s fiscal year end from August&nbsp;31 to December&nbsp;31, to be
effective following the August&nbsp;31, 2018 fiscal year end. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow"><B><U>Managed Distribution Plan </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow">The primary purpose of the Plan is to provide stockholders with a constant, but not guaranteed, fixed minimum rate of distribution each month. The Fund cannot
predict what effect, if any, the Plan will have on the market price of its shares or whether such market price will reflect a greater or lesser discount to net asset value as compared to prior to the adoption of the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow">Under its Plan, the Fund will distribute all available investment income to its stockholders, consistent with its investment objective and as required by the
Internal Revenue Code of 1986, as amended. If sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain its managed distribution
level. The Fund is currently not relying on any exemptive relief from Section&nbsp;19(b) of the Investment Company Act of 1940, as amended. The Fund expects that distributions under the Plan will exceed investment income and capital gain and thus
expects that such distributions will likely include return of capital for the foreseeable future. No conclusions should be drawn about the Fund&#146;s investment performance from the amount of the Fund&#146;s distributions or from the terms of the
Fund&#146;s Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow">The amount distributed per share is subject to change at the discretion of the Fund&#146;s Board. The Plan will be subject to ongoing
review by the Board to determine whether the Plan should be continued, modified or terminated. The Board may amend the terms of the Plan or suspend or terminate the Plan at any time without prior notice to the Fund&#146;s stockholders if it deems
such actions to be in the best interest of the Fund or its stockholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund&#146;s shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow">A return of capital occurs when some or all of the money that stockholders invested in the Fund is paid back to them. A return of capital does not reflect the
Fund&#146;s investment performance and should not be confused with &#147;yield&#148; or &#147;income.&#148; Any such returns of capital will decrease the Fund&#146;s total assets and, therefore, could have the effect of increasing the Fund&#146;s
expense ratio. In addition, in order to make the level of distributions called for under its Plan, the Fund may have to sell portfolio securities at a less than opportune time. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g577439g87s42.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow">
With each distribution that does not consist solely of net investment income, the Fund will issue a notice to stockholders and an accompanying press release that will provide detailed information
regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to stockholders are only estimates and are not being provided for tax reporting purposes. The
actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund&#146;s investment experience during its full fiscal year and may be subject to changes based on tax regulations. The Fund will send stockholders a Form <FONT
STYLE="white-space:nowrap">1099-DIV</FONT> for the calendar year that will tell them how to report these distributions for federal income tax purposes. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow"><B>About BlackRock </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow">BlackRock helps investors build better
financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of June&nbsp;30, 2018, the firm managed approximately $6.3 trillion in assets on behalf
of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: <U>www.blackrockblog.com</U> | LinkedIn: <U>www.linkedin.com/company/blackrock</U>. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow"><B>Availability of Fund Updates </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow">BlackRock will update performance
and certain other data for the Funds on a monthly basis on its website in the <FONT STYLE="white-space:nowrap">&#147;Closed-end</FONT> Funds&#148; section of <U>www.blackrock.com</U>&nbsp;as well as certain other material information as necessary
from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock&#146;s website is intended to allow investors
public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock&#146;s website in this release. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow"><B>Forward-Looking Statements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow">This press release, and other
statements that BlackRock or the Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund&#146;s or BlackRock&#146;s future financial or business performance,
strategies or expectations. Forward-looking statements are typically identified by words or phrases such as &#147;trend,&#148; &#147;potential,&#148; &#147;opportunity,&#148; &#147;pipeline,&#148; &#147;believe,&#148; &#147;comfortable,&#148;
&#147;expect,&#148; &#147;anticipate,&#148; &#147;current,&#148; &#147;intention,&#148; &#147;estimate,&#148; &#147;position,&#148; &#147;assume,&#148; &#147;outlook,&#148; &#147;continue,&#148; &#147;remain,&#148; &#147;maintain,&#148;
&#147;sustain,&#148; &#147;seek,&#148; &#147;achieve,&#148; and similar expressions, or future or conditional verbs such as &#147;will,&#148; &#147;would,&#148; &#147;should,&#148; &#147;could,&#148; &#147;may&#148; or similar expressions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow">BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking
statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future
results could differ materially from historical performance. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g577439g87s42.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow">With respect to the Fund, the following factors, among others, could cause actual events to differ materially
from forward-looking statements or historical performance: (1)&nbsp;changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in
changes in demand for the Fund or in the Fund&#146;s net asset value; (2)&nbsp;the relative and absolute investment performance of the Fund and its investments; (3)&nbsp;the impact of increased competition; (4)&nbsp;the unfavorable resolution of any
legal proceedings; (5)&nbsp;the extent and timing of any distributions or share repurchases; (6)&nbsp;the impact, extent and timing of technological changes; (7)&nbsp;the impact of legislative and regulatory actions and reforms, including the
Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (8)&nbsp;terrorist activities, international hostilities and
natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9)&nbsp;BlackRock&#146;s ability to attract and retain highly talented professionals;
(10)&nbsp;the impact of BlackRock electing to provide support to its products from time to time; and (11)&nbsp;the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow">Annual and Semi-Annual Reports and other regulatory filings of the Fund with the Securities and Exchange Commission (&#147;SEC&#148;) are accessible on the
SEC&#146;s website at <B>www.sec.gov </B>and on BlackRock&#146;s website at <B>www.blackrock.com</B>, and may discuss these or other factors that affect the Fund. The information contained on BlackRock&#146;s website is not a part of this press
release. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial Narrow" ALIGN="center">## </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g577439g87s42.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g577439g87s42.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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MS)IYDQ-.OW9B#RQ/:->OO^5 'L_@KP=IW@CP]%I=@H9_O3SD8:9\<L?Z#L*
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C(_%'B2WT=M$\5Z'K$)M%'V:ZDT^8[TZ;&.WJ.Q]/IR ?_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
