Moody's withdraws short-term ratings of VRDP shares issued by seven BlackRock municipal closed-end funds; long term ratings affirmed

New York, October 22, 2015 -- Moody's Investors Service has withdrawn the P-1 short-term ratings of Variable Rate Demand Preferred (VRDP) Shares issued by three national and four state-specific closed-end funds managed by BlackRock Advisors, LLC. The rating withdrawal follows the Funds' designation of Special Rate Periods, declared in accordance with the Statements of Preferences or Articles Supplementary, as applicable, of the VRDP Shares (which establish and fix the rights and preferences of VRDP Shares). During the Special Rate Periods, beneficial owners and holders will not have the right to tender their VRDP Shares for remarketing, and there will be no mandatory tenders of the VRDP Shares

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