Dividend Dates and Distribution Amounts Announced for BlackRock Closed-End Funds

Business Wire, March 2, 2005

NEW YORK -- The Boards of Directors/Trustees of the BlackRock Closed-End Funds listed below announced today dividend dates and distribution rates. Five Trusts, including BlackRock Strategic Bond Trust (BHD), The BlackRock Advantage Term Trust, Inc. (BAT), BlackRock Limited Duration Income Trust (BLW), BlackRock Florida Municipal 2020 Term Trust (BFO) and BlackRock New York Municipal Income Trust II (BFY) reduced their monthly dividend.

Details are as follows:

Taxable Closed-End Funds
------------------------
Dates:
Declaration - 3/01/05  Ex-Date - 3/11/05
Record Date - 3/15/05  Payable Date - 3/31/05

Rates:

Trust                                     Ticker Dividend  Change From
                                                           Prior Month
The BlackRock Income Trust, Inc.           BKT  $0.051042           -
BlackRock Income Opportunity Trust         BNA  $0.070000           -
The BlackRock High Yield Trust *           BHY  $0.068333           -
BlackRock Core Bond Trust                  BHK  $0.087500           -
BlackRock Strategic Bond Trust *           BHD  $0.115000 ($0.0150000)
The BlackRock Advantage Term Trust, Inc.   BAT  $0.050000 ($0.0083330)
The BlackRock Broad Investment Grade 2009  BCT
 Term Trust, Inc.                               $0.075000           -
BlackRock Preferred Opportunity Trust      BPP  $0.166667           -
BlackRock Limited Duration Income Trust    BLW  $0.116700 ($0.0083000)
BlackRock Global Floating Rate Income      BGT
 Trust                                          $0.093300           -

Municipal Closed-End Funds
--------------------------

Dates:
Declaration - 3/01/05  Ex-Date - 3/11/05
Record Date - 3/15/05  Payable Date - 4/01/05

Rates:

                                                           Change From
Trust                                      Ticker Dividend    Prior
                                                              Month
The BlackRock Investment Quality Municipal  BKN
 Trust, Inc.                                     $0.076189          -
The BlackRock Strategic Municipal Trust     BSD  $0.079585          -
BlackRock Municipal Income Trust            BFK  $0.081125          -
BlackRock Municipal Bond Trust              BBK  $0.086375          -
BlackRock Municipal Income Trust II         BLE  $0.083750          -
BlackRock Insured Municipal Income Trust    BYM  $0.078125          -
The BlackRock Municipal Target Term Trust,  BMN
 Inc.                                            $0.040000          -
The BlackRock Insured Municipal 2008 Term   BRM
 Trust, Inc.                                     $0.066250          -
The BlackRock Insured Municipal Term Trust, BMT
 Inc.                                            $0.047917          -
BlackRock Municipal 2018 Term Trust         BPK  $0.065000          -
BlackRock Municipal 2020 Term Trust         BKK  $0.078125          -
The BlackRock California Investment Quality RAA
 Municipal Trust, Inc.                           $0.070600          -
BlackRock California Municipal Income Trust BFZ  $0.076074          -
BlackRock California Municipal Bond Trust   BZA  $0.079656          -
BlackRock California Municipal Income Trust BCL
 II                                              $0.081250          -
BlackRock California Insured Municipal      BCK
 Income Trust                                    $0.075000          -
The BlackRock California Insured Municipal  BFC
 2008 Term Trust, Inc.                           $0.064375          -
BlackRock California Municipal 2018 Term    BJZ
 Trust                                           $0.061250          -
The BlackRock Florida Investment Quality    RFA
 Municipal Trust                                 $0.070781          -
BlackRock Florida Municipal 2020 Term       BFO
 Trust *                                         $0.067500 ($0.007500)
BlackRock Florida Municipal Income Trust    BBF  $0.075375          -
BlackRock Florida Municipal Bond Trust      BIE  $0.077808          -
BlackRock Florida Insured Municipal Income  BAF
 Trust                                           $0.075000          -
The BlackRock Florida Insured Municipal     BRF
 2008 Term Trust                                 $0.062500          -
BlackRock Maryland Municipal Bond Trust     BZM  $0.071350          -
The BlackRock New Jersey Investment Quality RNJ
 Municipal Income Trust                          $0.067148          -
BlackRock New Jersey Municipal Income Trust BNJ  $0.075108          -
BlackRock New Jersey Municipal Bond Trust   BLJ  $0.078582          -
The BlackRock New York Investment Quality   RNY
 Municipal Trust, Inc.                           $0.073125          -
BlackRock New York Municipal Income Trust   BNY  $0.075339          -
BlackRock New York Municipal Bond Trust     BQH  $0.077099          -
BlackRock New York Municipal Income Trust   BFY
 II *                                            $0.075000 ($0.003750)
BlackRock New York Insured Municipal Income BSE
 Trust                                           $0.075000          -
The BlackRock New York Insured Municipal    BLN
 2008 Term Trust, Inc.                           $0.062500          -
BlackRock New York 2018 Municipal Term      BLH
 Trust                                           $0.061250          -
The BlackRock Pennsylvania Strategic        BPS
 Municipal Trust                                 $0.073965          -
BlackRock Virginia Municipal Bond Trust     BHV  $0.072428          -

Equity Closed-End Funds
-----------------------

Dates:
Declaration - 3/01/05  Ex-Date - 3/11/05
Record Date - 3/15/05  Payable Date - 3/31/05

Rates:

                     Trust              Ticker   Dividend  Change From
                                                           Prior Month
The BlackRock Dividend Achievers
 Trust                                    BDV    $0.225000       -
The BlackRock Strategic Dividend
 Achievers Trust                          BDT    $0.225000       -