We are pleased to invite you to sign up for BlackRock’s closed-end fund newsletter. We would like to provide you with the knowledge to keep up to date with the closed-end fund market.

The newsletter includes:
- Insights and educational material including client-approved white papers on topics pertinent to closed-end funds
- Industry data including performance, premium/discount, and yield information
- Interactive Forums with BlackRock thought leaders and Portfolio Managers

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses. Read the prospectus carefully before investing.

Investment return, price, yields and NAV will fluctuate with changes in market conditions. At the time of sale, your shares may have a market price that is above or below net asset value, and may be worth more or less than your original investment. There is no assurance that a fund will meet its investment objective.

The closing price and net asset value (NAV) of a fund’s shares will fluctuate with market conditions. Closed-end funds may trade at a premium to NAV but often trade at a discount. CEF shares are bought and sold at “market price” determined by competitive bidding on the stock exchange. Net asset value (NAV) is the value of all fund assets, less liabilities divided by the number of shares outstanding.