Distribution Information Announced for BlackRock Closed-End Funds

Business Wire, Dec 15, 2005

NEW YORK -- The Boards of Directors/Trustees of the BlackRock Closed-End Funds announced today distributions for the following funds. The details are as follows:

Taxable Closed-End Funds:
    -------------------------

                                      Declaration              Record
      Trust                  Ticker      Date       Ex-Date     Date
---------------------------  ------  ------------   --------  --------
BlackRock Global Energy and
 Resources Trust               BGR      12/15/05    12/23/05  12/28/05

BlackRock Global Floating
 Rate Income Trust             BGT      12/15/05    12/23/05  12/28/05

BlackRock Core Bond Trust      BHK      12/15/05    12/23/05  12/28/05

BlackRock Core Bond Trust      BHK      12/15/05    12/23/05  12/28/05

BlackRock Limited Duration
 Income Trust                  BLW      12/15/05    12/23/05  12/28/05

The BlackRock Income
 Opportunity Trust, Inc        BNA      12/15/05    12/23/05  12/28/05

BlackRock S&P Quality Rankings
 Global Equity Managed Trust   BQY      12/15/05    12/23/05  12/28/05


                                    Payable  Distribution Distribution
     Trust                   Ticker   Date       Type        ($)
--------------------------- ------- -------- ------------ ------------
BlackRock Global Energy and                    Short-Term
 Resources Trust               BGR  12/30/05  Capital Gain   0.658450

BlackRock Global Floating                       Special
 Rate Income Trust             BGT  12/30/05    Income       0.034070

                                                Special
BlackRock Core Bond Trust      BHK  01/31/06    Income       0.070509

                                                Long-Term
BlackRock Core Bond Trust      BHK  12/30/05   Capital Gain  0.274779

BlackRock Limited Duration                      Special
 Income Trust                  BLW  12/30/05    Income       0.058474

The BlackRock Income                            Long-Term
 Opportunity Trust, Inc        BNA  12/30/05   Capital Gain  0.260574

BlackRock S&P Quality Rankings                  Special
 Global Equity Managed Trust   BQY  12/30/05    Income       0.137955

Municipal Closed-End Funds:
   ---------------------------
                                      Declaration              Record
      Trust                  Ticker      Date       Ex-Date     Date
--------------------------- ------- -------------- --------- ---------
BlackRock Insured Municipal
 Term Trust                   BMT      12/15/05     12/23/05  12/28/05

BlackRock Florida Insured
 Municipal 2008 Term Trust    BRF      12/15/05     12/23/05  12/28/05

BlackRock Florida Investment
 Quality Municipal Trust      RFA      12/15/05     12/23/05  12/28/05

BlackRock New Jersey
 Investment Quality Municipal
 Trust                        RNJ      12/15/05     12/23/05  12/28/05

BlackRock New York Investment
 Quality Municipal Trust      RNY      12/15/05     12/23/05  12/28/05


                                    Payable  Distribution Distribution
      Trust                  Ticker   Date       Type        ($)
--------------------------- ------- -------- ------------ ------------
BlackRock Insured Municipal                    Long-Term
 Term Trust                   BMT   12/30/05  Capital Gain   0.006535

BlackRock Florida Insured                      Long-Term
 Municipal 2008 Term Trust    BRF   12/30/05  Capital Gain   0.006647

BlackRock Florida Investment                   Long-Term
 Quality Municipal Trust      RFA   12/30/05  Capital Gain   0.129658

BlackRock New Jersey
 Investment Quality Municipal                  Long-Term
 Trust                        RNJ   12/30/05  Capital Gain   0.063528

BlackRock New York Investment                  Long-Term
 Quality Municipal Trust      RNY   12/30/05  Capital Gain   0.042744

About BlackRock

BlackRock is one of the largest publicly traded investment management firms in the United States with approximately $428 billion of assets under management at September 30, 2005. BlackRock manages assets on behalf of institutional and individual investors worldwide through a variety of equity, fixed income, cash management and alternative investment products. In addition, BlackRock provides risk management, investment system outsourcing and financial advisory services to a growing number of institutional investors. Headquartered in New York City, the firm serves clients from offices in the U.S., Europe and Asia. BlackRock is majority owned by The PNC Financial Services Group, Inc. (NYSE: PNC) and by BlackRock employees. For additional information, please visit the Company's website at www.blackrock.com.

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