RAA Blackrock California Investment Quality Municipal Trust

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Municipal Funds:

Declaration- 1/4/2010 Ex-Date- 1/13/2010 Record- 1/15/2010 Payable- 2/1/2010

National Funds   Ticker   Dividend  

Change FromPriorDividend

BlackRock Apex Municipal Fund, Inc. APX $0.046500 - BlackRock Insured Municipal Income Trust BYM $0.068500 - BlackRock Insured Municipal Income Investment Trust BAF $0.068500 - BlackRock Insured Municipal Term Trust Inc. BMT $0.030417 - BlackRock Investment Quality Municipal Income Trust RFA $0.070000 - BlackRock Long-Term Municipal Advantage Trust BTA $0.059500 - BlackRock Muni Intermediate Duration Fund, Inc. MUI $0.065500 - BlackRock MuniAssets Fund, Inc.* MUA $0.067500 - BlackRock Municipal 2018 Term Trust BPK $0.078000 - BlackRock Municipal 2020 Term Trust BKK $0.062250 - BlackRock Municipal Bond Trust BBK $0.085000 - BlackRock Municipal Bond Investment Trust BIE $0.073800 - BlackRock Municipal Income Trust BFK $0.078600 - BlackRock Municipal Income Trust II BLE $0.081000 - BlackRock Municipal Income Investment Trust BBF $0.075375 - BlackRock MuniEnhanced Fund, Inc. MEN $0.055500 - BlackRock MuniHoldings Fund II, Inc. MUH $0.075500 - BlackRock MuniHoldings Fund, Inc.* MHD $0.083500 - BlackRock MuniHoldings Insured Fund II, Inc. MUE $0.070000 - BlackRock MuniHoldings Insured Fund, Inc. MUS $0.070000 - BlackRock MuniHoldings Insured Investment Fund MFL $0.068000 - BlackRock MuniVest Fund II, Inc. MVT $0.083500 - BlackRock MuniVest Fund, Inc. MVF $0.053000 - BlackRock MuniYield Fund, Inc. MYD $0.069000 - BlackRock MuniYield Insured Fund, Inc. MYI $0.061000 - BlackRock MuniYield Insured Investment Fund MFT $0.066000 - BlackRock MuniYield Investment Fund MYF $0.065500 - BlackRock MuniYield Quality Fund II, Inc. MQT $0.062000 - BlackRock MuniYield Quality Fund, Inc. MQY $0.069500 - The BlackRock Investment Quality Municipal Trust, Inc. BKN $0.081500 - The BlackRock Strategic Municipal Trust BSD $0.070000 -

State-Specific Funds

  Ticker   Dividend  

Change FromPriorDividend

BlackRock California Municipal Income Trust BFZ $0.075700 - BlackRock California Municipal 2018 Term Trust BJZ $0.072000 - BlackRock MuniHoldings California Insured Fund, Inc. MUC $0.063000 - BlackRock MuniYield California Fund, Inc. MYC $0.067500 - BlackRock MuniYield California Insured Fund, Inc. MCA $0.061000 - The BlackRock California Investment Quality Municipal Trust, Inc. RAA $0.053000 - BlackRock Florida Municipal 2020 Term Trust, Inc. BFO $0.056000 - BlackRock Maryland Municipal Bond Trust BZM $0.067900 - BlackRock Muni New York Intermediate Duration Fund, Inc. MNE $0.055500 - BlackRock MuniHoldings New York Insured Fund, Inc. MHN $0.068500 - BlackRock MuniYield New York Insured Fund, Inc. MYN $0.055000 - BlackRock New York Insured Municipal Income Trust BSE $0.065500 - BlackRock New York Municipal 2018 Term Trust BLH $0.082000 - BlackRock New York Municipal Bond Trust* BQH $0.078000 - BlackRock New York Municipal Income Trust BNY $0.082500 - BlackRock New York Municipal Income Trust II BFY $0.080000 - The BlackRock New York Investment Quality Municipal Trust, Inc.* RNY $0.068200 - BlackRock MuniHoldings New Jersey Insured Fund, Inc.* MUJ $0.069000 - BlackRock MuniYield New Jersey Fund, Inc. MYJ $0.070500 - BlackRock MuniYield New Jersey Insured Fund, Inc.* MJI $0.069500 - BlackRock New Jersey Municipal Bond Trust BLJ $0.075500 - BlackRock New Jersey Municipal Income Trust BNJ $0.077600 - The BlackRock New Jersey Investment Quality Municipal Trust RNJ $0.064000 - BlackRock MuniYield Arizona Fund, Inc. MZA $0.067000 - BlackRock MuniYield Michigan Insured Fund II, Inc. MYM $0.066500 - BlackRock MuniYield Michigan Insured Fund, Inc. MIY $0.075000 - BlackRock MuniYield Pennsylvania Insured Fund MPA $0.065500 - The BlackRock Pennsylvania Strategic Municipal Trust BPS $0.064000 - BlackRock Virginia Municipal Bond Trust* BHV $0.080000 - Massachusetts Health & Education Tax-Exempt Trust MHE $0.064500 -

* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended, each of the Funds noted above posted to the DTC bulletin board and sent to their shareholders as of the applicable record date a Section 19 notice with the previous dividend payment. The Section 19 notice was provided not for tax reporting purposes but for informational purposes only. This information can be found in the “Closed-End Funds” section of www.blackrock.com. If applicable, the final determination of the source and tax characteristics of all distributions in 2009 will be made after the end of the year.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. With approximately $3.2 trillion under management as of September 30, 2009 (pro forma), BlackRock offers products that span the risk spectrum to meet clients’ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, the firm has over 8,500 employees in 24 countries. For additional information, please visit BlackRock’s website at www.blackrock.com.

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With respect to each Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes in political, economic or industry conditions, the interest rate environment or financial and capital markets, which could result in changes in the Fund’s net asset value; (2) the performance of the Fund’s investments; (3) the impact of increased competition; (4) the extent and timing of any distributions or share repurchases; (5) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; and (6) BlackRock’s ability to attract and retain highly talented professionals.

The Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on our website is not a part of this press release.