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

Business Wire, July 3, 2006

NEW YORK -- The Boards of Directors/Trustees of The BlackRock Florida Investment Quality Municipal Trust (AMEX: RFA), The BlackRock New Jersey Investment Quality Municipal Income Trust (AMEX: RNJ), BlackRock New Jersey Municipal Bond Trust (AMEX: BLJ), The BlackRock New York Investment Quality Municipal Trust, Inc. (AMEX: RNY) and the BlackRock Municipal Bond Trust (NYSE: BBK) announced dividend and capital gain dates and distribution rates. Details are as follows:

Dates:
Declaration - 7/3/06            Ex-Date - 7/12/06
Record Date - 7/14/06           Payable Date - 8/1/06


Dividend Rates:


                                                                Change
Trust                                       Ticker  Dividend     From
                                                                 Prior
                                                                 Month
The BlackRock Florida Investment Quality
 Municipal Trust                              RFA  $0.070781        -
The BlackRock New Jersey Investment Quality
 Municipal Income Trust                       RNJ  $0.070125        -
BlackRock New Jersey Municipal Bond Trust     BLJ  $0.078582        -
The BlackRock New York Investment Quality
 Municipal Trust, Inc.                        RNY  $0.073125        -
BlackRock Municipal Bond Trust                BBK  $0.086375        -



   Capital Gain Rates:


                                                  Short-Term Long-Term
Trust                                      Ticker  Capital    Capital
                                                    Gain       Gain
The BlackRock Florida Investment Quality
 Municipal Trust                              RFA  $0.00193  $0.12366
The BlackRock New Jersey Investment Quality
 Municipal Income Trust                       RNJ         -  $0.06211
BlackRock New Jersey Municipal Bond Trust     BLJ         -  $0.06376
The BlackRock New York Investment Quality
 Municipal Trust, Inc.                        RNY         -  $0.04090
BlackRock Municipal Bond Trust                BBK         -  $0.09087

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