PLEASE REMIT TO PRODUCER INDICATED ABOVE. PLEASE REFER TO:
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ICAP Bond (5-98)
Form 17-02-1421 (Ed.
5-98)
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Page 8 of 19
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Conditions and Limitations
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Definitions (continued)
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(8) each natural person, partnership or corporation authorized by written
agreement with the ASSURED to perform services as electronic data processor of checks or other accounting records related to such checks but only while such person, partnership or corporation is actually performing such services and
not:
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a. creating, preparing, modifying or maintaining the ASSUREDS
computer software or programs, or
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b. acting as transfer agent or in any other agency capacity in issuing checks,
drafts or securities for the ASSURED,
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(9) any partner, officer or employee of an investment advisor, an
underwriter (distributor), a transfer agent or shareholder accounting recordkeeper, or an administrator, for an Investment Company while performing acts coming within the scope of the customary and usual duties of an officer or employee of an
Investment Company or acting as a member of any committee duly elected or appointed to examine, audit or have custody of or access to Property of an Investment Company.
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The term Employee shall not include any partner, officer or employee of a transfer agent, shareholder
accounting recordkeeper or administrator:
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a. which is not an affiliated person (as defined in
Section 2(a) of the Investment Company Act of 1940) of an Investment Company or of the investment advisor or underwriter (distributor) of such Investment Company, or
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b. which is a bank (as defined in Section 2(a) of the Investment
Company Act of 1940).
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This Bond does not afford coverage in favor of the employers of persons as set forth in e. (4), (5) and
(8) above, and upon payment to the ASSURED by the COMPANY resulting directly from Larceny or Embezzlement committed by any of the partners, officers or employees of such employers, whether acting alone or in collusion with others,
an assignment of such of the ASSUREDS rights and causes of action as it may have against such employers by reason of such acts so committed shall, to the extent of such payment, be given by the ASSURED to the COMPANY, and the ASSURED shall
execute all papers necessary to secure to the COMPANY the rights provided for herein.
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Each employer of persons as set forth in e.(4), (5) and (8) above and the partners, officers and other
employees of such employers shall collectively be deemed to be one person for all the purposes of this Bond; excepting, however, the fifth paragraph of Section 13.
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Independent contractors not specified in e.(4), (5) or (8) above, intermediaries, agents, brokers or other
representatives of the same general character shall not be considered Employees.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98)
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Page 9 of 19
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Conditions and Limitations
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Definitions (continued)
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f. Forgery means the signing of the name of another natural person
with the intent to deceive but does not mean a signature which consists in whole or in part of ones own name, with or without authority, in any capacity for any purpose.
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g. Investment Company means any investment company registered under the
Investment Company Act of 1940 and listed under the NAME OF ASSURED on the DECLARATIONS.
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h. Items of Deposit means one or more checks or drafts drawn upon a
financial institution in the United States of America.
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i. Larceny or Embezzlement means larceny or embezzlement as defined
in Section 37 of the Investment Company Act of 1940.
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j. Property means money, revenue and other stamps; securities;
including any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of deposit, certificate of interest or participation in any profit- sharing agreement, collateral trust certificate, preorganization certificate or
subscription, transferable share, investment contract, voting trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any interest or instruments commonly known as a security
under the Investment Company Act of 1940, any other certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase any of the foregoing; bills of
exchange; acceptances; checks; withdrawal orders; money orders; travelers letters of credit; bills of lading; abstracts of title; insurance policies, deeds, mortgages on real estate and/or upon chattels and interests therein; assignments of
such policies, deeds or mortgages; other valuable papers, including books of accounts and other records used by the ASSURED in the conduct of its business (but excluding all electronic data processing records); and, all other instruments similar to
or in the nature of the foregoing in which the ASSURED acquired an interest at the time of the ASSUREDS consolidation or merger with, or purchase of the principal assets of, a predecessor or which are held by the ASSURED for any purpose or in
any capacity and whether so held gratuitously or not and whether or not the ASSURED is liable therefor.
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k. Relative means the spouse of an Employee or partner of the
ASSURED and any unmarried child supported wholly by, or living in the home of, such Employee or partner and being related to them by blood, marriage or legal guardianship.
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l. Securities, documents or other written instruments means original
(including original counterparts) negotiable or non-negotiable instruments, or assignments thereof, which in and of themselves represent an equitable interest, ownership, or debt and which are in the ordinary
course of business transferable by delivery of such instruments with any necessary endorsements or assignments.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed.
5-98)
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Page 10 of 19
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Conditions and Limitations
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Definitions (continued)
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m. Subsidiary means any organization that, at the inception date of
this Bond, is named in the APPLICATION or is created during the BOND PERIOD and of which more than fifty percent (50%) of the outstanding securities or voting rights representing the present right to vote for election of directors is owned or
controlled by the ASSURED either directly or through one or more of its subsidiaries.
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n. Transportation Company means any organization which provides its own or
its leased vehicles for transportation or which provides freight forwarding or air express services.
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o. Voice Initiated Election means any election concerning dividend options
available to Investment Company shareholders or subscribers which is requested by voice over the telephone.
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p. Voice Initiated Redemption means any redemption of shares issued by an
Investment Company which is requested by voice over the telephone.
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q. Voice Initiated Funds Transfer Instruction means any Voice
Initiated Redemption or Voice Initiated Election.
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For the purposes of these definitions, the singular includes the plural and
the plural includes the singular, unless otherwise indicated.
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General Exclusions - Applicable to All Insuring Clauses
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2. This bond does not directly or indirectly cover:
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a. loss
not reported to the COMPANY in writing within sixty (60) days after termination of this Bond as an entirety;
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b. loss due to riot or civil commotion outside the United States of America and
Canada, or any loss due to military, naval or usurped power, war or insurrection. This Section 2.b., however, shall not apply to loss which occurs in transit in the circumstances recited in INSURING CLAUSE 3., provided that when such transit
was initiated there was no knowledge on the part of any person acting for the ASSURED of such riot, civil commotion, military, naval or usurped power, war or insurrection;
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c. loss resulting from the effects of nuclear fission or fusion or
radioactivity;
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d. loss of potential income including, but not limited to, interest and dividends
not realized by the ASSURED or by any customer of the ASSURED;
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e. damages of any type for which the ASSURED is legally liable, except
compensatory damages, but not multiples thereof, arising from a loss covered under this Bond;
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f. costs, fees and expenses incurred by the ASSURED in establishing the
existence of or amount of loss under this Bond, except to the extent covered under INSURING CLAUSE 11.;
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g. loss resulting from indirect or consequential loss of any nature;
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ICAP Bond (5-98)
Form 17-02-1421 (Ed.
5-98)
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Page 11 of 19
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Conditions and Limitations
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General Exclusions - Applicable to All Insuring Clauses (continued)
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h. loss resulting from dishonest acts by any member of the Board of Directors or
Board of Trustees of the ASSURED who is not an Employee, acting alone or in collusion with others;
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i. loss, or that part of any loss, resulting solely from any violation by
the ASSURED or by any Employee:
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(1) of any law regulating:
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a. the issuance, purchase or sale of securities,
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b. securities transactions on security or commodity exchanges or the over the
counter market,
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c. investment companies,
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d. investment advisors, or
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(2) of any rule or regulation made pursuant to any such law;
or
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j. loss of confidential information, material or data;
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k. loss resulting from voice requests or
instructions received over the telephone, provided however, this Section 2.k. shall not apply to INSURING CLAUSE 7. or 9.
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Specific Exclusions - Applicable To All Insuring Clauses Except Insuring Clause 1.
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3. This Bond does not directly or indirectly cover:
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a. loss
caused by an Employee, provided, however, this Section 3.a. shall not apply to loss covered under INSURING CLAUSE 2. or 3. which results directly from misplacement, mysterious unexplainable disappearance, or damage or destruction of
Property;
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b. loss through the surrender of property away from premises of the ASSURED as a
result of a threat:
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(1) to do bodily harm to any natural person, except loss of Property
in transit in the custody of any person acting as messenger of the ASSURED, provided that when such transit was initiated there was no knowledge by the ASSURED of any such threat, and provided further that this Section 3.b. shall not apply
to INSURING CLAUSE 7., or
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(2) to do damage to the premises or Property of the
ASSURED;
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c. loss resulting from payments made or withdrawals from any account
involving erroneous credits to such account;
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d. loss involving Items of Deposit which are not finally paid for any
reason provided however, that this Section 3.d. shall not apply to INSURING CLAUSE 10.;
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e. loss of property while in the mail;
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ICAP Bond (5-98)
Form 17-02-1421 (Ed.
5-98)
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Page 12 of 19
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Conditions and Limitations
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Specific Exclusions - Applicable To All Insuring Clauses Except Insuring Clause 1. (continued)
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f. loss resulting from the failure for any reason of a financial or
depository institution, its receiver or other liquidator to pay or deliver funds or other Property to the ASSURED provided further that this Section 3.f. shall not apply to loss of Property resulting directly from robbery,
burglary, misplacement, mysterious unexplainable disappearance, damage, destruction or removal from the possession, custody or control of the ASSURED.
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g. loss of Property while in the custody of a Transportation
Company, provided however, that this Section 3.g. shall not apply to INSURING CLAUSE 3.;
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h. loss resulting from entries or changes made by a natural person with authorized
access to a Computer System who acts in good faith on instructions, unless such instructions are given to that person by a software contractor or its partner, officer, or employee authorized by the ASSURED to design, develop, prepare, supply,
service, write or implement programs for the ASSUREDs Computer System; or
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i. loss resulting directly or indirectly from the input of data into a
Computer System terminal, either on the premises of the customer of the ASSURED or under the control of such a customer, by a customer or other person who had authorized access to the customers authentication mechanism.
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Specific Exclusions - Applicable To All Insuring Clauses Except Insuring Clauses 1., 4., And 5.
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4. This bond does not directly or indirectly cover:
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a. loss
resulting from the complete or partial non-payment of or default on any loan whether such loan was procured in good faith or through trick, artifice, fraud or false pretenses; provided, however, this
Section 4.a. shall not apply to INSURING CLAUSE 8.;
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b. loss resulting from forgery or any alteration;
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c. loss involving a counterfeit provided, however, this Section 4.c.
shall not apply to INSURING CLAUSE 5. or 6.
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Limit Of Liability/Non-Reduction And Non-Accumulation Of Liability
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5. At all times prior to termination of this Bond, this Bond shall continue in
force for the limit stated in the applicable sections of ITEM 2. of the DECLARATIONS, notwithstanding any previous loss for which the COMPANY may have paid or be liable to pay under this Bond provided, however, that the liability of the COMPANY
under this Bond with respect to all loss resulting from:
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a. any one act of burglary, robbery or
hold-up, or attempt thereat, in which no Employee is concerned or implicated, or
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b. any one unintentional or negligent act on the part of any one person resulting
in damage to or destruction or misplacement of Property, or
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c. all acts, other than those specified in a. above, of any one person,
or
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ICAP Bond (5-98)
Form 17-02-1421 (Ed.
5-98)
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Page 13 of 19
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Conditions and Limitations
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Limit Of Liability/Non- Reduction And Non- Accumulation Of Liability (continued)
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d. any one casualty or event other than those specified in a., b., or c. above, shall
be deemed to be one loss and shall be limited to the applicable LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS of this Bond irrespective of the total amount of such loss or losses and shall not be cumulative in amounts from year to year or
from period to period.
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All acts, as specified in c. above, of any one person which
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i. directly or indirectly aid in any way wrongful acts of any other person or
persons, or
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ii. permit the continuation of wrongful acts of any other person or
persons
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whether such acts are committed with or without the knowledge of the wrongful acts of the person so aided, and whether
such acts are committed with or without the intent to aid such other person, shall be deemed to be one loss with the wrongful acts of all persons so aided.
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Discovery
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6. This Bond applies only to loss first discovered by an officer of the ASSURED
during the BOND PERIOD. Discovery occurs at the earlier of an officer of the ASSURED being aware of:
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a. facts which may subsequently result in a loss of a type covered by this
Bond, or
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b. an actual or potential claim in which it is alleged that the ASSURED is liable to
a third party,
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regardless of when the act or acts causing or contributing to such loss occurred, even though the amount of loss does not
exceed the applicable DEDUCTIBLE AMOUNT, or the exact amount or details of loss may not then be known.
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Notice To Company - Proof - Legal Proceedings Against Company
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7. a. The ASSURED shall give the COMPANY notice
thereof at the earliest practicable moment, not to exceed sixty (60) days after discovery of loss, in an amount that is in excess of 50% of the applicable DEDUCTIBLE AMOUNT, as stated in ITEM 2. of the DECLARATIONS.
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b. The ASSURED shall furnish to the COMPANY proof of loss, duly sworn to, with full
particulars within six (6) months after such discovery.
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c. Securities listed in a proof of loss shall be identified by certificate or
bond numbers, if issued with them.
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d. Legal proceedings for the recovery of any loss under this Bond shall not be
brought prior to the expiration of sixty (60) days after the proof of loss is filed with the COMPANY or after the expiration of twenty-four (24) months from the discovery of such loss.
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e. This Bond affords coverage only in favor of the ASSURED. No claim, suit,
action or legal proceedings shall be brought under this Bond by anyone other than the ASSURED.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed.
5-98)
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Page 14 of 19
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Conditions and Limitations
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Notice To Company - Proof - Legal Proceedings Against Company (continued)
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f. Proof of loss involving Voice Initiated Funds Transfer Instruction
shall include electronic recordings of such instructions.
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Deductible Amount
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8. The COMPANY shall not be liable under any INSURING CLAUSES of this Bond on account
of loss unless the amount of such loss, after deducting the net amount of all reimbursement and/or recovery obtained or made by the ASSURED, other than from any Bond or policy of insurance issued by an insurance company and covering such loss, or by
the COMPANY on account thereof prior to payment by the COMPANY of such loss, shall exceed the DEDUCTIBLE AMOUNT set forth in ITEM 3. of the DECLARATIONS, and then for such excess only, but in no event for more than the applicable LIMITS OF LIABILITY
stated in ITEM 2. of the DECLARATIONS.
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There shall be no deductible applicable to any loss under INSURING CLAUSE 1. sustained by any Investment
Company.
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Valuation
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9. BOOKS OF ACCOUNT OR OTHER RECORDS
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The value of any loss of Property consisting of books of account or other records used by the ASSURED in the
conduct of its business shall be the amount paid by the ASSURED for blank books, blank pages, or other materials which replace the lost books of account or other records, plus the cost of labor paid by the ASSURED for the actual transcription or
copying of data to reproduce such books of account or other records.
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The value of any loss of Property other than books of account or other records used by the ASSURED in the
conduct of its business, for which a claim is made shall be determined by the average market value of such Property on the business day immediately preceding discovery of such loss provided, however, that the value of any Property
replaced by the ASSURED with the consent of the COMPANY and prior to the settlement of any claim for such Property shall be the actual market value at the time of replacement.
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In the case of a loss of interim certificates, warrants, rights or other securities, the production of which is
necessary to the exercise of subscription, conversion, redemption or deposit privileges, the value of them shall be the market value of such privileges immediately preceding their expiration if said loss is not discovered until after their
expiration. If no market price is quoted for such Property or for such privileges, the value shall be fixed by agreement between the parties.
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OTHER PROPERTY
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The value of any loss of Property, other than as stated above, shall be the actual cash value or the cost of
repairing or replacing such Property with Property of like quality and value, whichever is less.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed.
5-98)
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Page 15 of 19
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Conditions and Limitations (continued)
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Securities Settlement
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10. In the event of a loss of securities covered under this Bond, the COMPANY may, at
its sole discretion, purchase replacement securities, tender the value of the securities in money, or issue its indemnity to effect replacement securities.
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The indemnity required from the ASSURED under the terms of this Section against all loss, cost or expense arising from
the replacement of securities by the COMPANYS indemnity shall be:
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a. for securities having a value less than or equal to the applicable
DEDUCTIBLE AMOUNT - one hundred (100%) percent;
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b. for securities having a value in excess of the DEDUCTIBLE AMOUNT but within the
applicable LIMIT OF LIABILITY - the percentage that the DEDUCTIBLE AMOUNT bears to the value of the securities;
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c. for securities having a value greater than the applicable LIMIT OF
LIABILITY - the percentage that the DEDUCTIBLE AMOUNT and portion in excess of the applicable LIMIT OF LIABILITY bears to the value of the securities.
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The value referred to in Section 10.a., b., and c. is the value in accordance with Section 9, Valuation,
regardless of the value of such securities at the time the loss under the COMPANYS indemnity is sustained.
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The COMPANY is not required to issue its indemnity for any portion of a loss of securities which is not covered by this
Bond; however, the COMPANY may do so as a courtesy to the ASSURED and at its sole discretion.
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The ASSURED shall pay the proportion of the Companys premium charge for the Companys indemnity as set forth
in Section 10.a., b., and c. No portion of the LIMIT OF LIABILITY shall be used as payment of premium for any indemnity purchased by the ASSURED to obtain replacement securities.
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Subrogation - Assignment Recovery
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11. In the event of a payment under this Bond, the COMPANY shall be subrogated to all
of the ASSUREDS rights of recovery against any person or entity to the extent of such payment. On request, the ASSURED shall deliver to the COMPANY an assignment of the ASSUREDS rights, title and interest and causes of action against any
person or entity to the extent of such payment.
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Recoveries, whether effected by the COMPANY or by the ASSURED, shall be applied net of the expense of such recovery in
the following order:
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a. first, to the satisfaction of the ASSUREDS loss which would otherwise
have been paid but for the fact that it is in excess of the applicable LIMIT OF LIABILITY,
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b. second, to the COMPANY in satisfaction of amounts paid in settlement of the
ASSUREDS claim,
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c. third, to the ASSURED in satisfaction of the applicable DEDUCTIBLE AMOUNT,
and
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ICAP Bond (5-98)
Form 17-02-1421 (Ed.
5-98)
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Page 16 of 19
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Conditions and Limitations
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Subrogation - Assignment Recovery (continued)
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d. fourth, to the ASSURED in satisfaction of any loss suffered by the ASSURED which
was not covered under this Bond.
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Recovery from reinsurance or indemnity of the
COMPANY shall not be deemed a recovery under this section.
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Cooperation Of Assured
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12. At the COMPANYS request and at reasonable times and places designated by
the COMPANY, the ASSURED shall:
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a. submit to examination by the COMPANY and subscribe to the same under
oath,
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b. produce for the COMPANYS examination all pertinent records,
and
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c. cooperate with the COMPANY in all matters pertaining to the
loss.
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The ASSURED shall execute all papers and render assistance to secure to the COMPANY the rights and causes of action
provided for under this Bond. The ASSURED shall do nothing after loss to prejudice such rights or causes of action.
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Termination
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13. If the Bond is for a sole ASSURED, it shall not be terminated unless written
notice shall have been given by the acting party to the affected party and to the Securities and Exchange Commission, Washington, D.C., not less than sixty (60) days prior to the effective date of such termination.
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If the Bond is for a joint ASSURED, it shall not be terminated unless written notice shall have been given by the
acting party to the affected party, and by the COMPANY to all ASSURED Investment Companies and to the Securities and Exchange Commission, Washington, D.C., not less than sixty (60) days prior to the effective date of such
termination.
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This Bond will terminate as to any one ASSURED, other than an Investment Company:
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a. immediately on the taking over of such ASSURED by a receiver or other
liquidator or by State or Federal officials, or
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b. immediately on the filing of a petition under any State or Federal statute
relative to bankruptcy or reorganization of the ASSURED, or assignment for the benefit of creditors of the ASSURED, or
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c. immediately upon such ASSURED ceasing to exist, whether through merger into
another entity, disposition of all of its assets or otherwise.
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The COMPANY shall refund the unearned premium computed at short rates in accordance with the standard short rate
cancellation tables if terminated by the ASSURED or pro rata if terminated for any other reason.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed.
5-98)
|
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Page 17 of 19
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Conditions and Limitations
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Termination (continued)
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If any partner, director, trustee, or officer or supervisory employee of an ASSURED not acting in collusion with an
Employee learns of any dishonest act committed by such Employee at any time, whether in the employment of the ASSURED or otherwise, whether or not such act is of the type covered under this Bond, and whether against the ASSURED or any
other person or entity, the ASSURED:
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a. shall immediately remove such Employee from a position that would
enable such Employee to cause the ASSURED to suffer a loss covered by this Bond; and
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b. within forty-eight (48) hours of learning that an Employee has
committed any dishonest act, shall notify the COMPANY, of such action and provide full particulars of such dishonest act.
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The COMPANY may terminate coverage as respects any Employee sixty (60) days after written notice is received
by each ASSURED Investment Company and the Securities and Exchange Commission, Washington, D.C. of its desire to terminate this Bond as to such Employee.
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Other Insurance
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14. Coverage under this Bond shall apply only as excess over any valid and
collectible insurance, indemnity or suretyship obtained by or on behalf of:
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a. the ASSURED,
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b. a Transportation Company, or
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c. another entity on whose premises the loss occurred or which employed the
person causing the loss or engaged the messenger conveying the Property involved.
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Conformity
|
|
15. If any limitation within this Bond is prohibited by any law controlling this
Bonds construction, such limitation shall be deemed to be amended so as to equal the minimum period of limitation provided by such law.
|
|
Change or Modification
|
|
16. This Bond or any instrument amending or affecting this Bond may not be changed or
modified orally. No change in or modification of this Bond shall be effective except when made by written endorsement to this Bond signed by an authorized representative of the COMPANY.
|
|
|
|
|
If this Bond is for a sole ASSURED, no change or modification which would adversely affect the rights of the ASSURED
shall be effective prior to sixty (60) days after written notice has been furnished to the Securities and Exchange Commission, Washington, D.C., by the acting party.
|
|
|
|
ICAP Bond (5-98)
Form 17-02-1421 (Ed.
5-98)
|
|
Page 18 of 19
|
|
|
|
Conditions And Limitations
|
|
|
|
|
Change or Modification (continued)
|
|
If this Bond is for a joint ASSURED, no charge or modification which would adversely affect the rights of the ASSURED
shall be effective prior to sixty (60) days after written notice has been furnished to all insured Investment Companies and to the Securities and Exchange Commission, Washington, D.C., by the COMPANY.
|
|
|
|
ICAP Bond (5-98)
Form 17-02-1421 (Ed.
5-98)
|
|
Page 19 of 19
|
|
|
|
|
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement No:
|
|
1
|
|
|
|
|
|
Bond Number:
|
|
82507390
|
NAME OF ASSURED: BLACKROCK FIXED-INCOME COMPLEX BOARD
AMEND NAME OF ASSURED ENDORSEMENT
|
It is agreed that NAME OF ASSURED of the DECLARATIONS for this Bond is amended to include the following:
|
|
BlackRock 2022 Global Income Opportunity Trust
|
BlackRock Allocation Target Shares
|
BlackRock Bond Fund, Inc.
|
BlackRock California Municipal Income Trust
|
BlackRock California Municipal Series Trust
|
BlackRock Capital Allocation Trust
|
BlackRock Core Bond Trust
|
BlackRock Corporate High Yield Fund, Inc.
|
BlackRock Credit Allocation Income Trust
|
BlackRock Credit Strategies Fund
|
BlackRock Debt Strategies Fund, Inc.
|
BlackRock Energy and Resources Trust
|
BlackRock Enhanced Capital and Income Fund, Inc.
|
BlackRock Enhanced Equity Dividend Trust
|
BlackRock Enhanced Global Dividend Trust
|
BlackRock Enhanced Government Fund, Inc.
|
BlackRock Enhanced International Dividend Trust
|
BlackRock Floating Rate Income Strategies Fund, Inc.
|
BlackRock Floating Rate Income Trust
|
BlackRock Florida Municipal 2020 Term Trust
|
BlackRock Funds IV
|
BlackRock Funds V
|
BlackRock Funds VI
|
BlackRock Health Sciences Trust
|
BlackRock Health Sciences Trust II
|
BlackRock Income Trust, Inc.
|
BlackRock Investment Quality Municipal Trust, Inc.
|
BlackRock Limited Duration Income Trust
|
BlackRock Long-Term Municipal Advantage Trust
|
BlackRock Maryland Municipal Bond Trust
|
BlackRock Massachusetts Tax-Exempt Trust
|
BlackRock Multi-Sector Income Trust
|
BlackRock Multi-Sector Opportunities Trust
|
BlackRock Multi-Sector Opportunities Trust II
|
BlackRock Multi-State Municipal Series Trust
|
BlackRock Muni Intermediate Duration Fund, Inc.
|
BlackRock MuniAssets Fund, Inc.
|
BlackRock Municipal 2020 Term Trust
|
BlackRock Municipal 2030 Target Term Trust
|
BlackRock Municipal Bond Fund, Inc.
|
ICAP Bond
|
|
|
|
ICAP Bond
Form 17-02-6272 (Ed. 8-04)
|
|
Page 1
|
|
BlackRock Municipal Bond Trust
|
BlackRock Municipal Income Investment Quality Trust
|
BlackRock Municipal Income Investment Trust
|
BlackRock Municipal Income Quality Trust
|
BlackRock Municipal Income Trust
|
BlackRock Municipal Income Trust II
|
BlackRock Municipal Series Trust
|
BlackRock MuniEnhanced Fund, Inc.
|
BlackRock MuniHoldings California Quality Fund, Inc.
|
BlackRock MuniHoldings Fund II, Inc.
|
BlackRock MuniHoldings Fund, Inc.
|
BlackRock MuniHoldings Investment Quality Fund
|
BlackRock MuniHoldings New Jersey Quality Fund, Inc.
|
BlackRock MuniHoldings New York Quality Fund, Inc.
|
BlackRock MuniHoldings Quality Fund II, Inc.
|
BlackRock MuniHoldings Quality Fund, Inc.
|
BlackRock MuniVest Fund II, Inc.
|
BlackRock MuniVest Fund, Inc.
|
BlackRock MuniYield Arizona Fund, Inc.
|
BlackRock MuniYield California Fund, Inc.
|
BlackRock MuniYield California Quality Fund, Inc.
|
BlackRock MuniYield Fund, Inc.
|
BlackRock MuniYield Investment Fund
|
BlackRock MuniYield Investment Quality Fund
|
BlackRock MuniYield Michigan Quality Fund, Inc.
|
BlackRock MuniYield New Jersey Fund, Inc.
|
BlackRock MuniYield New York Quality Fund, Inc.
|
BlackRock MuniYield Pennsylvania Quality Fund
|
BlackRock MuniYield Quality Fund II, Inc.
|
BlackRock MuniYield Quality Fund III, Inc.
|
BlackRock MuniYield Quality Fund, Inc.
|
BlackRock New York Municipal Bond Trust
|
BlackRock New York Municipal Income Quality Trust
|
BlackRock New York Municipal Income Trust
|
BlackRock New York Municipal Income Trust II
|
BlackRock Resources and Commodities Strategy Trust
|
BlackRock Science and Technology Trust
|
BlackRock Science and Technology Trust II
|
BlackRock Series Fund II, Inc.
|
BlackRock Strategic Global Bond Fund, Inc.
|
BlackRock Taxable Municipal Bond Trust
|
BlackRock Utilities, Infrastructure & Power Opportunities Trust
|
BlackRock Variable Series Funds II, Inc.
|
BlackRock Virginia Municipal Bond Trust
|
Managed Account Series II
|
Master Bond LLC
|
Master Investment Portfolio II
|
The BlackRock Strategic Municipal Trust
|
|
NAME OF ASSURED shall mean also any investment company registered under the Investment Company Act of 1940 sponsored by BlackRock and under the management of the BlackRock Fixed- Income Complex Board.
|
This Endorsement applies to loss discovered after 12:01 a.m. on November 1, 2020.
|
|
|
ICAP Bond
Form 17-02-6272 (Ed. 8-04)
|
|
Page 2
|
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
|
|
|
|
|
|
|
Date: January 21, 2021
|
|
|
|
By
|
|
|
|
|
|
|
|
|
Authorized Representative
|
|
|
|
ICAP Bond
Form 17-02-6272 (Ed. 8-04)
|
|
Page 3
|
|
|
|
|
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement No.:
|
|
2
|
|
|
|
|
|
Bond Number:
|
|
82507390
|
NAME OF ASSURED: BLACKROCK FIXED-INCOME COMPLEX BOARD
TELEFACSIMILE INSTRUCTION FRAUD ENDORSEMENT
It is agreed that this Bond is amended as follows:
1.
|
By adding the following INSURING CLAUSE:
|
|
12.
|
Telefacsimile Instruction
|
Loss resulting directly from the ASSURED having transferred, paid or delivered any funds or other Property or established any credit,
debited any account or given any value on the faith of any fraudulent instructions sent by a Customer, financial institution or another office of the ASSURED by Telefacsimile directly to the ASSURED authorizing or acknowledging the
transfer, payment or delivery of funds or Property or the establishment of a credit or the debiting of an account or the giving of value by the ASSURED where such Telefacsimile instructions:
|
a.
|
bear a valid test key exchanged between the ASSURED and a Customer or another financial institution with
authority to use such test key for Telefacsimile instructions in the ordinary course of business, but which test key has been wrongfully obtained by a person who was not authorized to initiate, make, validate or authenticate a test key
arrangement, and
|
|
b.
|
fraudulently purport to have been sent by such Customer or financial institution when such
Telefacsimile instructions were transmitted without the knowledge or consent of such Customer or financial institution by a person other than such Customer or financial institution and which bear a Forgery of a signature,
provided that the Telefacsimile instruction was verified by a direct call back to an employee of the financial institution, or a person thought by the ASSURED to be the Customer, or an employee of another financial institution.
|
2.
|
By deleting from Section 1., Definitions, the definition of Customer in its entirety, and
substituting the following:
|
|
d.
|
Customer means an individual, corporate, partnership, trust customer, shareholder or subscriber of an
Investment Company which has a written agreement with the ASSURED for Voice Initiated Funds Transfer Instruction or Telefacsimile Instruction.
|
|
|
|
ICAP Bond
Form 17-02-2367 (Rev. 10-03)
|
|
Page 1
|
3.
|
By adding to Section 1., Definitions, the following:
|
|
r.
|
Telefacsimile means a system of transmitting written documents by electronic signals over telephone
lines to equipment maintained by the ASSURED for the purpose of reproducing a copy of said document. Telefacsimile does not mean electronic communication sent by Telex or similar means of communication, or through an electronic communication
system or through an automated clearing house.
|
4.
|
By adding to Section 3., Specific Exclusions Applicable to All Insuring Clauses Except Insuring Clause 1.
the following:
|
|
j.
|
loss resulting directly or indirectly from Telefacsimile instructions provided, however, this exclusion
shall not apply to this INSURING CLAUSE.
|
This Endorsement applies to loss discovered after 12:01 a.m. on November 1, 2020.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
|
|
|
|
|
|
|
Date: January 21, 2021
|
|
|
|
By
|
|
|
|
|
|
|
|
|
Authorized Representative
|
|
|
|
ICAP Bond
Form 17-02-2367 (Rev. 10-03)
|
|
Page 2
|
|
|
|
|
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement No.
|
|
3
|
|
|
|
|
|
Bond Number:
|
|
82507390
|
NAME OF ASSURED: BLACKROCK FIXED-INCOME COMPLEX BOARD
REVISE ITEM 2. ENDORSEMENT
It is agreed
that this Bond is amended by deleting ITEM 2. in its entirety on the DECLARATIONS and substituting the following:
ITEM 2. LIMITS OF
LIABILITY-DEDUCTIBLE AMOUNTS:
If Not Covered is inserted below opposite any specified INSURING CLAUSE, such INSURING CLAUSE and any other
reference to such INSURING CLAUSE in this Bond shall be deemed to be deleted. There shall be no deductible applicable to any loss under INSURING CLAUSE 1 sustained by any Investment Company.
|
|
|
|
|
|
|
|
|
|
|
|
|
INSURING CLAUSE
|
|
SINGLE LOSS
LIMIT OF LIABILITY
|
|
|
DEDUCTIBLE
AMOUNT
|
|
|
1.
|
|
|
Employee
|
|
$
|
25,000,000
|
|
|
$
|
0
|
|
|
2.
|
|
|
On Premises
|
|
$
|
25,000,000
|
|
|
$
|
25,000
|
|
|
3.
|
|
|
In Transit
|
|
$
|
25,000,000
|
|
|
$
|
25,000
|
|
|
4.
|
|
|
Forgery or Alteration
|
|
$
|
25,000,000
|
|
|
$
|
25,000
|
|
|
5.
|
|
|
Extended Forgery
|
|
$
|
25,000,000
|
|
|
$
|
25,000
|
|
|
6.
|
|
|
Counterfeit Money
|
|
$
|
25,000,000
|
|
|
$
|
25,000
|
|
|
7.
|
|
|
Threats to Person
|
|
$
|
N/A
|
|
|
$
|
N/A
|
|
|
8.
|
|
|
Computer System
|
|
$
|
25,000,000
|
|
|
$
|
25,000
|
|
|
9.
|
|
|
Voice Initiated Funds Transfer Instruction
|
|
$
|
25,000,000
|
|
|
$
|
25,000
|
|
|
10.
|
|
|
Uncollectible Items of Deposit
|
|
$
|
25,000,000
|
|
|
$
|
25,000
|
|
|
11.
|
|
|
Audit Expense
|
|
$
|
100,000
|
|
|
$
|
5,000
|
|
|
12.
|
|
|
Telefacsimile Transfer Fraud
|
|
$
|
25,000,000
|
|
|
$
|
25,000
|
|
|
13.
|
|
|
Extended Computer Systems
|
|
$
|
25,000,000
|
|
|
$
|
25,000
|
|
|
14.
|
|
|
Automated Telephone Transaction
|
|
$
|
25,000,000
|
|
|
$
|
25,000
|
|
|
15.
|
|
|
Unauthorized Signature
|
|
$
|
100,000
|
|
|
$
|
5,000
|
|
|
16.
|
|
|
Claims Expense
|
|
$
|
100,000
|
|
|
$
|
5,000
|
|
|
17.
|
|
|
Stop Payment
|
|
$
|
25,000
|
|
|
$
|
1,000
|
|
This Endorsement applies to loss discovered after 12:01 a.m. on November 1, 2020.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
|
|
|
|
|
|
|
Date: January 21, 2021
|
|
|
|
By
|
|
|
|
|
|
|
|
|
Authorized Representative
|
|
|
|
ICAP Bond
Form 17-02-1582 (Ed. 5-98)
|
|
Page 1
|
|
|
|
|
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement No.:
|
|
4
|
|
|
|
|
|
Bond Number:
|
|
82507390
|
NAME OF ASSURED: BLACKROCK FIXED-INCOME COMPLEX BOARD
EXTENDED COMPUTER SYSTEMS ENDORSEMENT
It
is agreed that this Bond is amended as follows:
1.
|
By adding the following INSURING CLAUSE:
|
|
0.
|
Extended Computer Systems
|
|
A.
|
Electronic Data, Electronic Media, Electronic Instruction
|
Loss resulting directly from:
|
(1)
|
the fraudulent modification of Electronic Data, Electronic Media or Electronic Instruction
being stored within or being run within any system covered under this INSURING CLAUSE,
|
|
(2)
|
robbery, burglary, larceny or theft of Electronic Data, Electronic Media or Electronic
Instructions,
|
|
(3)
|
the acts of a hacker causing damage or destruction of Electronic Data, Electronic Media or
Electronic Instruction owned by the ASSURED or for which the ASSURED is legally liable, while stored within a Computer System covered under this INSURING CLAUSE, or
|
|
(4)
|
the damage or destruction of Electronic Data, Electronic Media or Electronic Instruction
owned by the ASSURED or for which the ASSURED is legally liable while stored within a Computer System covered under INSURING CLAUSE 13, provided such damage or destruction was caused by a computer program or similar instruction which was
written or altered to intentionally incorporate a hidden instruction designed to damage or destroy Electronic Data, Electronic Media, or Electronic Instruction in the Computer System in which the computer program or instruction
so written or so altered is used.
|
|
|
|
ICAP2 Bond
Form 17-02-2976 (Ed. 1-02)
|
|
Page 1
|
|
B.
|
Electronic Communication
|
Loss resulting directly from the ASSURED having transferred, paid or delivered any funds or property, established any credit, debited any
account or given any value on the faith of any electronic communications directed to the ASSURED, which were transmitted or appear to have been transmitted through:
|
(1)
|
an Electronic Communication System,
|
|
(2)
|
an automated clearing house or custodian, or
|
|
(3)
|
a Telex, TWX, or similar means of communication,
|
directly into the ASSUREDS Computer System or Communication Terminal, and fraudulently purport to have been sent by a
customer, automated clearing house, custodian, or financial institution, but which communications were either not sent by said customer, automated clearing house, custodian, or financial institution, or were fraudulently modified during physical
transit of Electronic Media to the ASSURED or during electronic transmission to the ASSUREDS Computer System or Communication Terminal.
|
C.
|
Electronic Transmission
|
Loss resulting directly from a customer of the ASSURED, any automated clearing house, custodian, or financial institution having transferred,
paid or delivered any funds or property, established any credit, debited any account or given any value on the faith of any electronic communications, purporting to have been directed by the ASSURED to such customer, automated clearing house,
custodian, or financial institution initiating, authorizing, or acknowledging, the transfer, payment, delivery or receipt of funds or property, which communications were transmitted through:
|
(1)
|
an Electronic Communication System,
|
|
(2)
|
an automated clearing house or custodian, or
|
|
(3)
|
a Telex, TWX, or similar means of communication,
|
directly into a Computer System or Communication Terminal of said customer, automated clearing house, custodian, or financial
institution, and fraudulently purport to have been directed by the ASSURED, but which communications were either not sent by the ASSURED, or were fraudulently modified during physical transit of Electronic Media from the ASSURED or during
electronic transmission from the ASSUREDS Computer System or Communication Terminal, and for which loss the ASSURED is held to be legally liable.
|
|
|
ICAP2 Bond
Form 17-02-2976 (Ed. 1-02)
|
|
Page 2
|
2.
|
By adding to Section 1., Definitions, the following:
|
|
s.
|
Communication Terminal means a teletype, teleprinter or video display terminal, or similar device
capable of sending or receiving information electronically. Communication Terminal does not mean a telephone.
|
|
t.
|
Electronic Communication System means electronic communication operations by Fedwire, Clearing House
Interbank Payment System (CHIPS), Society of Worldwide International Financial Telecommunication (SWIFT), similar automated interbank communication systems, and Internet access facilities.
|
|
u.
|
Electronic Data means facts or information converted to a form usable in Computer Systems and
which is stored on Electronic Media for use by computer programs.
|
|
v.
|
Electronic Instruction means computer programs converted to a form usable in a Computer System to
act upon Electronic Data.
|
|
w.
|
Electronic Media means the magnetic tape, magnetic disk, optical disk, or any other bulk media on which
data is recorded.
|
3.
|
By adding the following Section after Section 4., Specific Exclusions-Applicable to All INSURING CLAUSES
except 1., 4., and 5.:
|
Section 4.A. Specific Exclusions-Applicable to INSURING CLAUSE 0
This Bond does not directly or indirectly cover:
|
a.
|
loss resulting directly or indirectly from Forged, altered or fraudulent negotiable instruments,
securities, documents or written instruments used as source documentation in the preparation of Electronic Data;
|
|
b.
|
loss of negotiable instruments, securities, documents or written instruments except as converted to
Electronic Data and then only in that converted form;
|
|
c.
|
loss resulting from mechanical failure, faulty construction, error in design, latent defect, wear or tear,
gradual deterioration, electrical disturbance, Electronic Media failure or breakdown or any malfunction or error in programming or error or omission in processing;
|
|
d.
|
loss resulting directly or indirectly from the input of Electronic Data at an authorized electronic
terminal of an Electronic Funds Transfer System or a Customer Communication System by a person who had authorized access from a customer to that customers authentication mechanism; or
|
|
e.
|
liability assumed by the ASSURED by agreement under any contract, unless such liability would have attached to
the ASSURED even in the absence of such agreement; or
|
|
f.
|
loss resulting directly or indirectly from:
|
|
(1)
|
written instruction unless covered under this INSURING CLAUSE; or
|
|
(2)
|
instruction by voice over the telephone, unless covered under this INSURING CLAUSE.
|
|
|
|
ICAP2 Bond
|
|
|
Form 17-02-2976 (Ed. 1-02)
|
|
Page 3
|
4.
|
By adding to Section 9., Valuation, the following:
|
Electronic Data, Electronic Media, Or Electronic Instruction
In case of loss of, or damage to, Electronic Data, Electronic Media or Electronic Instruction used by the ASSURED in its
business, the COMPANY shall be liable under this Bond only if such items are actually reproduced form other Electronic Data, Electronic Media or Electronic Instruction of the same kind or quality and then for not more than the cost of
the blank media and/or the cost of labor for the actual transcription or copying of data which shall have been furnished by the ASSURED in order to reproduce such Electronic Data, Electronic Media or Electronic Instruction subject to
the applicable SINGLE LOSS LIMIT OF LIABILITY.
However, if such Electronic Data can not be reproduced and said Electronic
Data represents Securities or financial instruments having a value, then the loss will be valued as indicated in the SECURITIES and OTHER PROPERTY paragraphs of this Section.
This Endorsement applies to loss discovered after 12:01 a.m. on November 1, 2020.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
|
|
|
|
|
|
|
Date: January 21, 2021
|
|
|
|
By
|
|
|
|
|
|
|
|
|
Authorized Representative
|
|
|
|
ICAP2 Bond
|
|
|
Form 17-02-2976 (Ed. 1-02)
|
|
Page 4
|
|
|
|
|
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement No.:
|
|
5
|
|
|
|
|
|
Bond Number:
|
|
82507390
|
NAME OF ASSURED: BLACKROCK FIXED-INCOME COMPLEX BOARD
AUTOMATED TELEPHONE TRANSACTION ENDORSEMENT
It is agreed that this Bond is amended as follows:
1.
|
By adding the following INSURING CLAUSE:
|
|
14.
|
Automated Telephone System Transaction
|
Loss resulting directly from the ASSURED having transferred funds on the faith of any Automated Phone System (APS) Transaction, where
the request for such APS Transaction is unauthorized or fraudulent and is made with the intent to deceive. In order for coverage to apply under this INSURING CLAUSE the ASSURED shall maintain and follow all
APS Designated Procedures. A single failure of the ASSURED to maintain and follow a particular APS Designated Procedure in a
particular APS Transaction will not preclude coverage under this INSURING CLAUSE.
2.
|
By adding to Section 1., Definitions, the following:
|
|
x.
|
APS Designated Procedures means all of the following procedures:
|
|
(1)
|
No APS Transaction shall be executed unless the shareholder or unitholder to whose account such an
APS Transaction relates has previously elected to APS Transactions. (Election in Application)
|
|
(2)
|
All APS Transactions shall be logged or otherwise recorded and the records shall be retained for at
least six (6) months. (Logging)
|
Information contained in the records shall be capable of being retrieved and
produced within a reasonable time after retrieval of specific information is requested, at a success rate of no less than 85 percent.
|
(3)
|
The caller in any request for an APS Transaction, before executing that APS Transaction
must enter a personal identification number (PIN), social security number and account number. (Identity Test)
|
If
the caller fails to enter a correct PIN within three (3) attempts, the caller must not be allowed additional attempts during the same telephone call to enter the PIN. The caller may either be instructed to redial a customer service
representative or may be immediately connected to such a representative. (Limited attempts to Enter PIN)
|
|
|
ICAP Bond
|
|
|
Form 17-02-2345 (Ed. 10-00)
|
|
Page 1
|
|
(4)
|
A written confirmation of any APS Transaction or change of address shall be mailed to the shareholder or
unitholder to whose account such transaction relates, at the record address, by the end of the insureds next regular processing cycle, but in no event later than five (5) business days following such APS Transaction. (Written
Confirmation)
|
|
(5)
|
Access to the equipment which permits the entity receiving the APS Transaction request to process and
effect the transaction shall be limited in the following manner: (Access to APS Equipment)
|
|
y.
|
APS Election means any election concerning various account features available to the shareholder or
unitholder which is made through the Automated Phone System by means of information transmitted by an individual caller through use of a Automated Phone System. These features include account statements, auto exchange, auto asset
builder, automatic withdrawal, dividend/capital gain options, dividend sweep, telephone balance consent and change of address.
|
|
z.
|
APS Exchange means any exchange of shares or units in a registered account of one fund into shares or
units in an account with the same tax identification number and same ownership-type code of another fund in the same complex pursuant to exchange privileges of the two funds, which exchange is requested through the Automated Phone System by
means of information transmitted by an individual caller through use of an Automated Phone System.
|
|
aa.
|
APS Purchase means any purchase of shares or units issued by an Investment Company which is
requested through an Automated Phone System.
|
|
bb.
|
APS Redemption means any redemption of shares or units issued by an Investment Company which it
requested through the telephone by means of information transmitted by an individual caller through use of a Automated Phone System.
|
|
cc.
|
APS Transaction means any APS Purchase, APS Redemption, APS Election or APS Exchange.
|
|
dd.
|
Automated Phone System means an automated system which receives and converts to executable instructions
transmissions through the Automated Phone System through use of a touch-tone keypad or other tone system; and always excluding transmissions from a computer system or part thereof.
|
3.
|
By adding the following Section after Section 4., Specific Exclusions-Applicable To All Insuring Clauses
Except 1., 4., 5.:
|
Section 4.A.. Specific Exclusion-Applicable to Insuring Clause 14
This Bond does not directly or indirectly cover under Insuring Clause 14:
Loss resulting from:
|
a.
|
the redemption of shares or units, where the proceeds of such redemption are made payable to other than:
|
|
(1)
|
the shares or units of record,
|
|
(2)
|
a person designated to receive redemption proceeds, or
|
|
(3)
|
a bank account designated to receive redemption proceeds, or
|
|
b.
|
the redemption of shares or units, where the proceeds of such redemption are paid by check mailed to any
address, unless such address has either been designated the shareholder or unitholder by voice through an Automated Phone System or in writing, at least thirty (30) days prior to such redemption, or
|
|
|
|
ICAP Bond
|
|
|
Form 17-02-2345 (Ed. 10-00)
|
|
Page 2
|
|
c.
|
the redemption of shares or units, where shareholder or unitholder of the ASSURED designated bank account of
record.
|
This Endorsement applies to loss discovered after 12:01 a.m. on November 1, 2020.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
|
|
|
|
|
|
|
Date: January 21, 2021
|
|
|
|
By
|
|
|
|
|
|
|
|
|
Authorized Representative
|
|
|
|
ICAP Bond
|
|
|
Form 17-02-2345 (Ed. 10-00)
|
|
Page 3
|
|
|
|
|
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement No.:
|
|
6
|
|
|
|
|
|
Bond Number:
|
|
82507390
|
NAME OF ASSURED: BLACKROCK FIXED-INCOME COMPLEX BOARD
UNAUTHORIZED SIGNATURE ENDORSEMENT
It is
agreed that this Bond is amended as follows:
1.
|
By adding the following INSURING CLAUSE:
|
|
15.
|
Unauthorized Signature
|
Loss resulting directly from the ASSURED having accepted, paid or cashed any check or Withdrawal Order made or drawn on or against the
account of the ASSUREDS customer which bears the signature or endorsement of one other than a person whose name and signature is on file with the ASSURED as a signatory on such account. It shall be a condition precedent to the ASSUREDS
right of recovery under this INSURING CLAUSE that the ASSURED shall have on file signatures of all the persons who are signatories on such account.
2.
|
By adding to Section 1., Definitions, the following:
|
|
ee.
|
Instruction means a written order to the issuer of an Uncertificated Security requesting that the
transfer, pledge or release from pledge of the specified Uncertificated Security be registered.
|
|
ff.
|
Uncertificated Security means a share, participation or other interest in property of or an enterprise
of the issuer or an obligation of the issuer, which is:
|
|
(1)
|
not represented by an instrument and the transfer of which is registered on books maintained for that purpose
by or on behalf of the issuer, and
|
|
(2)
|
of a type commonly dealt in on securities exchanges or markets, and
|
|
(3)
|
either one of a class or series or by its terms divisible into a class or series of shares, participations,
interests or obligations.
|
|
|
|
ICAP Bond
Form 17-02-5602 (Ed. 10-03)
|
|
Page 1
|
|
gg.
|
Withdrawal Order means a non-negotiable instrument, other than
an Instruction, signed by a customer of the ASSURED authorizing the ASSURED to debit the customers account in the amount of funds stated therein.
|
This Endorsement applies to loss discovered after 12:01 a.m. on November 1, 2020.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
|
|
|
|
|
|
|
Date:
|
|
January 21, 2021
|
|
By
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Authorized Representative
|
|
|
|
ICAP Bond
Form 17-02-5602 (Ed. 10-03)
|
|
Page 2
|
|
|
|
|
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement No.:
|
|
7
|
|
|
|
|
|
Bond Number:
|
|
82507390
|
NAME OF ASSURED: BLACKROCK FIXED-INCOME COMPLEX BOARD
CLAIMS EXPENSE ENDORSEMENT
It is agreed
that this Bond is amended as follows:
1.
|
By adding the following INSURING CLAUSE:
|
Reasonable expense incurred by the ASSURED, solely for independent firms or individuals to determine the amount of loss where:
|
(1)
|
the loss is covered under the Bond, and
|
|
(2)
|
the loss is in excess of the applicable DEDUCTIBLE AMOUNT.
|
2.
|
Under General Exclusions-Applicable To All Insuring Clauses, Section 2.f. does not apply to loss covered
under this INSURING CLAUSE.
|
This Endorsement applies to loss discovered after 12:01 a.m. on November 1, 2020.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
|
|
|
|
|
|
|
Date:
|
|
January 21, 2021
|
|
By
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Authorized Representative
|
|
|
|
ICAP Bond
Form 17-02-6282 (Ed. 11-04)
|
|
|
|
|
|
|
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement No.:
|
|
8
|
|
|
|
|
|
Bond Number:
|
|
82507390
|
NAME OF ASSURED: BLACKROCK FIXED-INCOME COMPLEX BOARD
STOP PAYMENT ORDER OR REFUSAL TO PAY CHECK ENDORSEMENT
It is agreed that this Bond is amended as follows:
1.
|
By adding the following INSURING CLAUSE:
|
|
17.
|
Stop Payment Order or Refusal to Pay Check
|
Loss resulting directly from the ASSURED being legally liable to pay compensatory damages for:
|
a.
|
complying or failing to comply with notice from any customer of the ASSURED or any authorized representative of
such customer, to stop payment on any check or draft made or drawn upon or against the ASSURED by such customer or by any authorized representative of such customer, or
|
|
b.
|
refusing to pay any check or draft made or drawn upon or against the ASSURED by any customer of the ASSURED or
by any authorized representative of such customer.
|
2.
|
By adding the following Specific Exclusion:
|
Section 4.A. Specific Exclusions Applicable to INSURING CLAUSE 17
This Bond does not directly or indirectly cover:
|
a.
|
liability assumed by the ASSURED by agreement under any contract, unless such liability would have attached to
the ASSURED even in the absence of such agreement,
|
|
(1)
|
libel, slander, wrongful entry, eviction, defamation, false arrest, false imprisonment, malicious prosecution,
assault or battery,
|
|
(2)
|
sickness, disease, physical bodily harm, mental or emotional distress or anguish, or death of any person, or
|
This Endorsement applies to loss discovered after 12:01 a.m. on November 1, 2020.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
|
|
|
|
|
|
|
Date:
|
|
January 21, 2021
|
|
By
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Authorized Representative
|
|
|
|
ICAP Bond
Form 17-02-2365 (Ed. 10-00)
|
|
|
ENDORSEMENT/RIDER
|
|
|
|
|
Effective date of
this endorsement/rider:
November 1, 2020
|
|
FEDERAL INSURANCE COMPANY
|
|
|
Endorsement/Rider No.
|
|
9
|
|
|
|
|
|
To be attached to and
form a part of Bond
No.
|
|
82507390
|
Issued to: BLACKROCK FIXED-INCOME COMPLEX BOARD
DELETING VALUATION-OTHER PROPERTY AND AMENDING CHANGE OR MODIFICATION ENDORSEMENT
In consideration of the premium charged, it is agreed that this Bond is amended as follows:
1.
|
The paragraph titled Other Property in Section 9, Valuation, is deleted in its entirety.
|
2.
|
The third paragraph in Section 16, Change or Modification, is deleted in its entirety and replaced with
the following:
|
If this Bond is for a joint ASSURED, no change or modification which would adversely affect the rights of
the ASSURED shall be effective prior to sixty (60) days after written notice has been furnished to all insured Investment Companies and the Securities and Exchange Commission, Washington, D.C., by the COMPANY.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the
terms and conditions of coverage.
All other terms, conditions
and limitations of this Bond shall remain unchanged.
|
|
|
Authorized Representative
|
|
|
|
|
|
17-02-2437 (12/2006) rev.
|
|
Page 1
|
|
|
ENDORSEMENT/RIDER
|
|
|
|
|
Effective date of
this endorsement/rider:
November 1, 2020
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement/Rider No.
|
|
10
|
|
|
|
|
|
To be attached to and
form a part of Bond
No.
|
|
82507390
|
Issued to: BLACKROCK FIXED-INCOME COMPLEX BOARD
AMEND SECTION 16 - CHANGE OR MODIFICATION ENDORSEMENT
In consideration of the premium charged, it is agreed that Section 16, Change or Modification, the first and second full paragraphs are deleted and
replaced with the following:
This Bond or any instrument amending or affecting this Bond may not be changed or modified orally. No change in or
modification of this Bond shall be effective except when made by written endorsement to this Bond signed by an authorized representative of the COMPANY.
If this Bond is for a sole ASSURED, no change or modification which would adversely affect the rights of the ASSURED shall be effective prior to sixty
(60) days after written notice has been furnished to the affected party and the Securities and Exchange Commission, Washington, D.C., by the acting party.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.
|
|
|
|
Authorized Representative
|
|
|
|
|
|
Q06-246 (02/2008) rev.
|
|
Page 1
|
|
|
|
|
|
|
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement No.:
|
|
11
|
|
|
|
|
|
Bond Number:
|
|
82507390
|
NAME OF ASSURED: BLACKROCK FIXED-INCOME COMPLEX BOARD
NEW YORK AMENDATORY ENDORSEMENT
It is
agreed that this Bond is amended as follows:
1.
|
By adding to Section 13, Termination, the following:
|
Bonds In Effect Sixty (60) Days Or Less
If this Bond has been in effect for less than sixty (60) days and if it is not a renewal Bond, the COMPANY may terminate it for any reason
by mailing or delivering to the ASSURED and to the authorized agent or broker, if any, written notice of termination at least sixty (60) days before the effective date of termination.
Bonds In Effect More Than Sixty (60) Days
If this Bond has been in effect for sixty (60) days or more, or if it is a renewal of a Bond issued by the COMPANY, it may be terminated
by the COMPANY by mailing or delivering to the ASSURED and to the authorized agent or broker, if any, written notice of termination at least sixty (60) days before the effective date of termination. Furthermore, when the Bond is a renewal or
has been in effect for sixty (60) days or more, the COMPANY may terminate only for one or more of the reasons stated in 1-7 below.
|
1.
|
Nonpayment of premium;
|
|
2.
|
Conviction of a crime arising out of acts increasing the hazard insured against ;
|
|
3.
|
Discovery of fraud or material misrepresentation in the obtaining of this Bond or in the presentation of a
claim thereunder;
|
|
4.
|
Violation of any provision of this Bond that substantially and materially increases the hazard insured against,
and which occurred subsequent to inception of the current BOND PERIOD;
|
|
5.
|
If applicable, material physical change in the property insured, occurring after issuance or last annual
renewal anniversary date of this Bond, which results in the property becoming uninsurable in accordance with the COMPANYs objective, uniformly applied underwriting standards in effect at the time this Bond was issued or last renewed; or
material change in the nature or extent of this Bond occurring after issuance or last annual renewal anniversary date of this Bond, which causes the risk of loss to be substantially and materially increased beyond that contemplated at the time this
Bond was issued or last renewed;
|
|
|
|
ICAP Bond - New York
Form 17-02-2863 (Rev.
7-03)
|
|
Page 1
|
|
6.
|
A determination by the Superintendent of Insurance that continuation of the present premium volume of the
COMPANY would jeopardize the COMPANYs policyholders, creditors or the public, or continuing the Bond itself would place the COMPANY in violation of any provision of the New York Insurance Code; or
|
|
7.
|
Where the COMPANY has reason to believe, in good faith and with sufficient cause, that there is a probable risk
or danger that the Property will be destroyed by the ASSURED for the purpose of collecting the insurance proceeds.
|
Notice Of Termination
Notice of
termination under this SECTION shall be mailed to the ASSURED and to the authorized agent or broker, if any, at the address shown on the DECLARATIONS of this Bond. The COMPANY, however, may deliver any notice instead of mailing it.
Return Premium Calculations
The
COMPANY shall refund the unearned premium computed pro rata if this Bond is terminated by the COMPANY.
2.
|
By adding a new Section reading as follows:
|
Section 18. Election To Conditionally Renew / Nonrenew This Bond
Conditional Renewal
If the
COMPANY conditionally renews this Bond subject to:
|
1.
|
Change of limits of liability ;
|
|
2.
|
Change in type of coverage;
|
|
3.
|
Reduction of coverage;
|
|
5.
|
Addition of exclusion; or
|
|
6.
|
Increased premiums in excess of 10%, exclusive of any premium increase due to and commensurate with insured
value added; or as a result of experience rating, retrospective rating or audit; the COMPANY shall send notice as provided in Notices Of Nonrenewal And Conditional Renewal immediately below.
|
Notices Of Nonrenewal And Conditional Renewal
|
1.
|
If the COMPANY elects not to renew this Bond, or to conditionally renew this Bond as provided herein, the
COMPANY shall mail or deliver written notice to the ASSURED at least sixty (60) but not more than one hundred twenty (120) days before:
|
|
a.
|
The expiration date; or
|
|
b.
|
The anniversary date if this Bond has been written for a term of more than one year.
|
|
|
|
ICAP Bond - New York
Form 17-02-2863 (Rev.
7-03)
|
|
Page 2
|
|
2.
|
Notice shall be mailed or delivered to the ASSURED at the address shown on the DECLARATIONS of this Bond and
the authorized agent or broker, if any. If notice is mailed, proof of mailing shall be sufficient proof of notice.
|
|
3.
|
Paragraphs 1. and 2. immediately above shall not apply when the ASSURED, authorized agent or broker, or another
insurer has mailed or delivered written notice to the COMPANY that the Bond has been replaced or is no longer desired.
|
3.
|
By adding to General Agreement B., Representations Made By Assured, the following:
|
No misrepresentation shall be deemed material unless knowledge by the COMPANY would have lead to the COMPANYS refusal to write this Bond.
This Endorsement applies to loss discovered after 12:01 a.m. on November 1, 2020.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
|
|
|
|
|
|
|
|
|
Date:
|
|
January 21, 2021
|
|
|
|
By
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Authorized Representative
|
|
|
|
ICAP Bond - New York
Form 17-02-2863
(Rev.7-03)
|
|
Page 3
|
ENDORSEMENT/RIDER
|
|
|
Effective date of
this endorsement/rider:
November 1, 2020
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
Endorsement/Rider No. 12
|
|
|
|
|
To be attached to and
|
|
|
form a part of Bond No. 82507390
|
Issued to: BLACKROCK MUTUAL FUND COMPLEX BOARD
AUTOMATIC INCREASE IN LIMITS ENDORSEMENT
In
consideration of the premium charged, it is agreed that GENERAL AGREEMENTS, Section C. Additional
Offices Or Employees-Consolidation, Merger Or Purchase
Or Acquisition Of Assets Or Liabilities-Notice To
Company, is amended by adding the following subsection:
Automatic Increase in Limits for Investment Companies
If an increase in bonding limits is required pursuant to rule 17g-1 of the Investment Company Act of
1940 (the
Act), due to:
|
(i)
|
the creation of a new Investment Company, other than by consolidation or merger with, or purchase or
acquisition of assets or liabilities of, another institution; or
|
|
(ii)
|
an increase in asset size of current Investment Companies covered under this Bond,
|
then the minimum required increase in limits shall take place automatically without payment of additional premium for
the remainder of the BOND PERIOD.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms
and conditions of coverage.
All other
terms, conditions and limitations of this Bond shall remain unchanged.
|
|
|
Authorized Representative
|
|
|
|
|
|
14-02-14098 (04/2008)
|
|
Page 1
|
|
|
ENDORSEMENT/RIDER
|
|
|
|
|
Effective date of
this endorsement/rider: November 1, 2020
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement/Rider No.
|
|
13
|
|
|
|
|
|
To be attached to and form a part of Policy No.
|
|
82507390
|
Issued to: BLACKROCK FIXED-INCOME COMPLEX BOARD
COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS
It is agreed that this insurance does not apply to the extent that trade or economic sanctions or other similar laws or regulations prohibit the coverage
provided by this insurance.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions
of coverage.
All other terms, conditions and limitations of this Policy shall remain unchanged.
|
|
|
Authorized Representative
|
|
|
|
|
|
14-02-9228 (2/2010)
|
|
Page 1
|
|
|
|
|
|
|
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement No.:
|
|
14
|
|
|
|
|
|
Bond Number:
|
|
82507390
|
NAME OF ASSURED: BLACKROCK FIXED-INCOME COMPLEX BOARD
CO-SURETY ENDORSEMENT
It is agreed that this Bond is amended as follows:
1.
|
By adding to Section 1., Definitions, the following:
|
|
hh.
|
Controlling Company means FEDERAL INSURANCE COMPANY.
|
|
ii.
|
Company means, unless otherwise specified, each insurance company, including the Controlling
Company, executing this Endorsement.
|
|
jj.
|
Companies means, unless otherwise specified, all of the insurance companies, including the
Controlling Company, executing this Endorsement.
|
2.
|
By adding to Section 5., Limit of Liability/Non-Reduction and Non-Accumulation of Liability, the following:
|
Each COMPANY shall be liable only
for such proportion of any Single Loss as the LIMIT OF LIABILITY underwritten by such Company, as specified in this Endorsement, bears to the LIMIT OF LIABILITY as stated in ITEM 2. of the DECLARATIONS, but in no event shall any
Company be liable for an amount greater than that underwritten by it.
3.
|
By adding to Section 7., Notice To Company-Proof-Legal Proceedings Against Company, the following:
|
|
g.
|
In the absence of a request from any Company to pay premiums directly to it, premiums for this Bond may
be paid to the Controlling Company for the account of all Companies.
|
|
h.
|
In the absence of a request from any Company that notice of claim and proof of loss be given to or filed
directly with it, the ASSURED giving such notice to and the filing of such proof with the Controlling Company shall be deemed to be in compliance with the conditions of this Bond for the giving of notice of loss and the filing of proof of
loss, if given and filed in accordance with said conditions.
|
4.
|
By adding to Section 13., Termination, the following:
|
The Controlling Company may give notice in accordance with the terms of this Bond terminating the Bond as an entirety or as to any
Employee or ASSURED, and any notice so given shall terminate the liability of all Companies as an entirety or as to such Employee or ASSURED, as the case may be.
Any Company other than the Controlling Company may give notice in accordance with the terms of this Bond, terminating the entire
liability of such other Company under this Bond or as to any person or entity.
In the absence of a request from any Company
that notice of termination by the ASSURED of this Bond in its entirety may be given to or filed directly with it, the giving of such notice in accordance with the terms of this Bond to the Controlling Company shall terminate the liability of
all Companies as an entirety. The ASSURED may terminate the entire liability of any Company, under this Bond by giving notice of such termination to that Company and by sending a copy of such notice to the Controlling
Company.
|
|
|
ICAP Bond
Form 17-02-2836 (Ed. 5-02)
|
|
Page 1
|
In the event of the termination of this Bond as an entirety, no Company shall be liable to
the ASSURED for a greater proportion of any return premium due the ASSURED than the LIMIT OF LIABILITY underwritten by that Company bears to the LIMIT OF LIABILITY as stated in ITEM 2. of the DECLARATIONS.
In the event of the termination of this Bond as to any Company, such Company alone shall be liable to the ASSURED for any return
premium due the ASSURED on account of such termination. The termination of the attached Bond as to any Company other than the Controlling Company shall not terminate or otherwise affect the liability of the other Companies under
this Bond.
5.
|
By adding the following Section:
|
Section 19. Controlling Company
The execution by the Controlling Company of the DECLARATIONS, BlackRock, Inc., shall constitute execution by all the Companies
signing this Endorsement.
In the event this Bond is modified during the BOND PERIOD, the Controlling Company shall notify the
Companies or their respective representatives, in writing, of such change. Each Company shall be deemed to agree to such modification, unless such Company notifies the Controlling Company or the Controlling
Companys representative in writing, that they do not agree to such modification. If a Company fails to object to a modification within fifteen (15) days of receipt of notice from the Controlling Company, such
Company shall be deemed to agree to such modification.
This Endorsement applies to loss discovered after 12:01 a.m. on November 1,
2020.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
|
|
|
|
|
|
|
Underwritten for a SINGLE LOSS
LIMIT OF
LIABILITY of $25,000,000
|
|
FEDERAL INSURANCE COMPANY
Controlling Company
|
|
|
|
|
CHUBB & SON
|
|
|
|
|
A division of Federal Insurance Company Manager
|
|
|
Date: January 21, 2021
|
|
By
|
|
|
|
|
|
|
Authorized Representative
|
|
|
|
|
|
ICAP Bond
Form 17-02-2836 (Ed. 5-02)
|
|
Page 2
|
Important Notice:
The SEC Requires Proof of Your Fidelity Insurance Policy
Your company is now required to file an electronic copy of your fidelity insurance coverage (Chubbs ICAP Bond policy) to the Securities and Exchange
Commission (SEC), according to rules adopted by the SEC on June 12, 2006.
Chubb is in the process of providing your agent/broker with an electronic
copy of your insurance policy as well as instructions on how to submit this proof of fidelity insurance coverage to the SEC. You can expect to receive this information from your agent/broker shortly.
The electronic copy of your policy is provided by Chubb solely as a convenience and does not affect the terms and conditions of coverage as set forth in the
paper policy you receive by mail. The terms and conditions of the policy mailed to you, which are the same as those set forth in the electronic copy, constitute the entire agreement between your company and Chubb.
If you have any questions, please contact your agent or broker.
|
|
|
Form 14-02-12160 (ed. 7/2006)
|
|
|
IMPORTANT NOTICE TO POLICYHOLDERS
All of the members of the Chubb Group of Insurance companies doing business in the United States (hereinafter Chubb) distribute
their products through licensed insurance brokers and agents (producers). Detailed information regarding the types of compensation paid by Chubb to producers on US insurance transactions is available under the Producer Compensation link
located at the bottom of the page at www.chubb.com, or by calling 1-866-588-9478. Additional information may be available from
your producer.
Thank you for choosing Chubb.
|
|
|
|
|
|
|
FEDERAL INSURANCE COMPANY
|
|
|
|
|
|
Endorsement No.:
|
|
14
|
|
|
|
|
|
Bond Number:
|
|
82507390
|
NAME OF ASSURED: BLACKROCK FIXED-INCOME COMPLEX BOARD
CO-SURETY ENDORSEMENT
It is agreed that
this Bond Is amended as follows:
1.
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By adding to Section 1., Definitions, the following:
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hh.
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Controlling Company means FEDERAL INSURANCE COMPANY.
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ii.
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Company means, unless otherwise specified, each insurance company, including the Controlling
Company, executing this Endorsement.
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jj.
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Companies means, unless otherwise specified, all of the insurance companies, including the
Controlling Company, executing this Endorsement.
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2.
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By adding to Section 5., Limit of Liability/Non-Reduction and Non-Accumulation of Liability, the following:
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Each COMPANY shall be liable only
for such proportion of any Single Loss as the LIMIT OF LIABILITY underwritten by such Company, as specified in this Endorsement, bears to the LIMIT OF LIABILITY as stated in ITEM 2. of the DECLARATIONS, but in no event shall any
Company be liable for an amount greater than that underwritten by it.
3.
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By adding to Section 7., Notice To Company-Proof-Legal Proceedings Against Company, the following:
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g.
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In the absence of a request from any Company to pay premiums directly to it, premiums for this Bond may
be paid to the Controlling Company for the account of all Companies.
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h.
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In the absence of a request from any Company that notice of claim and proof of loss be given to or filed
directly with it, the ASSURED giving such notice to and the filing of such proof with the Controlling Company shall be deemed to be in compliance with the conditions of this Bond for the giving of notice of loss and the filing of proof of
loss, if given and filed in accordance with said conditions.
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4.
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By adding to Section 13., Termination, the following:
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The Controlling Company may give notice in accordance with the terms of this Bond terminating the Bond as an entirety or as to any
Employee or ASSURED, and any notice so given shall terminate the liability of all Companies as an entirety or as to such Employee or ASSURED, as the case may be.
Any Company other than the Controlling Company may give notice in accordance with the terms of this Bond, terminating the entire
liability of such other Company under this Bond or as to any person or entity.
In the absence of a request from any Company
that notice of termination by the ASSURED of this Bond in its entirety may be given to or filed directly with it, the giving of such notice in accordance with the terms of this Bond to the Controlling Company shall terminate the liability of
all Companies as an entirety. The ASSURED may terminate the entire liability of any Company, under this Bond by giving notice of such termination to that Company and by sending a copy of such notice to the Controlling
Company.
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ICAP Bond
Form 17-02-2836 (Ed. 5-02)
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Page 1
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In the event of the termination of this Bond as an entirety, no Company shall be liable to
the ASSURED for a greater proportion of any return premium due the ASSURED than the LIMIT OF LIABILITY underwritten by that Company bears to the LIMIT OF LIABILITY as stated In ITEM 2. of the DECLARATIONS.
In the event of the termination of this Bond as to any Company, such Company alone shall be liable to the ASSURED for any return
premium due the ASSURED on account of such termination. The termination of the attached Bond as to any Company other than the Controlling Company shall not terminate or otherwise affect the liability of the other Companies under
this Bond.
5.
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By adding the following Section:
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Section 19. Controlling Company
The execution by the Controlling Company of the DECLARATIONS, BlackRock, Inc., shall constitute execution by all the Companies
signing this Endorsement.
In the event this Bond is modified during the BOND PERIOD, the Controlling Company shall notify the
Companies or their respective representatives, in writing, of such change. Each Company shall be deemed to agree to such modification, unless such Company notifies the Controlling Company or the Controlling
Companys representative in writing, that they do not agree to such modification. If a Company fails to object to a modification within fifteen (15) days of receipt of notice from the Controlling Company, such
Company shall be deemed to agree to such modification.
This Endorsement applies to loss discovered after 12:01 a.m. on November 1,
2020.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
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Underwritten for a SINGLE LOSS
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FEDERAL INSURANCE COMPANY
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LIMIT OF LIABILITY of $25,000,000
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Controlling Company
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CHUBB & SON
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A division of Federal Insurance Company Manager
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Date: January 21, 2021
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By
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Authorized Representative
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ICAP Bond
Form 17-02-2836 (Ed. 5-02)
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Page 2
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SECRETARYS CERTIFICATE
I, Janey Ahn, the duly elected and acting Secretary of each of the funds listed on Schedule A and Schedule B (each, a Fund),
hereby certify that:
1. The following resolutions regarding the Funds fidelity bond were duly adopted by the Board of
Directors/Trustees of each Fund listed on Schedule A on September 9, 2020, and are in full force and effect and have been so since such date:
Joint Fidelity Bond
RESOLVED, that the terms and amount of the extension of the joint insured fidelity bond to be obtained from Federal
Insurance Company, covering registered investment companies advised or managed by BlackRock or an affiliate thereof, with an approximate allocation to each Fund as presented in the Meeting materials, be, and they hereby are, approved by the Board,
including the Independent Board Members voting separately, in substantially the form presented at the Meeting with such changes as counsel deems necessary; and further
RESOLVED, that the amount of the fidelity bond coverage is approved by the Board, including the Independent Board
Members voting separately, after consideration of all factors deemed relevant by the Board and the Independent Board Members, including, but not limited to, the other parties named as insureds, the nature of the business activities of such other
parties, the amount of the joint insured fidelity bond, the amount of the premium for such bond, the ratable allocation of the premium among the parties named as insureds, the extent to which the share of the premium allocated to each Fund is less
than the premium the Fund would have had to pay if it had provided and maintained a single insured bond, the value of the assets of the Fund, the type and terms of the arrangements made for custody of the Funds assets, and the nature of the
securities in the Funds portfolio; and further
RESOLVED, that the Board, including the Independent Board
Members, determined that the benefits of obtaining fidelity bond coverage from the Federal Insurance Company, including the opportunity to obtain stable, low-cost insurance coverage from the Federal Insurance Company, justify paying the reserve
premium and making the commitments for additional payments to the Federal Insurance Company, including acceptance of restrictions upon the withdrawal of the reserve premium; and further
RESOLVED, that the Proper Officers of each Fund be, and each of them hereby is, authorized and empowered to execute such
other documents with such nonmaterial changes as the officers of the Fund, with the advice of counsel to the Fund, may deem necessary, appropriate or desirable (such determination to be conclusively evidenced by the execution and delivery of such
documents) and take such other action as may be deemed necessary or desirable to effect the Funds purchase of a fidelity bond from the Federal Insurance Company, including but not limited to executing any signature commitments or obtaining
letters of credit deemed necessary or desirable by the officers or officer executing the same; and further
RESOLVED, that the agreement by and among the Funds to enter into a joint insured fidelity bond (the Joint
Fidelity Bond Agreement) be, and it hereby is, re-approved; and further
RESOLVED, that the Board,
including the Independent Board Members voting separately, hereby authorizes and empowers the officers of each Fund to pay the amount of the total premium allocated to the Fund for the period payable with respect to such bond as described in the
Joint Fidelity Bond Agreement; and further
RESOLVED, that in accordance with Rule 17g-1(h) under the 1940 Act, the
Secretary or any Assistant Secretary of the Funds is hereby designated as the officer of the Funds who is authorized and directed to make the filings with the Securities and Exchange Commission and give the notices required by Rule 17g-1(g); and
further
RESOLVED, that the Proper Officers of each Fund be, and they hereby are,
authorized and empowered at all times to take all actions necessary to assure compliance with these resolutions and Rule 17g-1 under the 1940 Act.
2. The following resolutions regarding the Funds fidelity bond were duly adopted by the Board of Trustees of the Fund listed on Schedule
B on December 18, 2020, and are in full force and effect and have been so since such date:
Joint Fidelity Bond
RESOLVED, that the terms and amount of the joint insured fidelity bond obtained from Federal Insurance Company, covering
registered investment companies advised or managed by BlackRock or an affiliate thereof, with an approximate allocation to the Trust as presented in the materials provided to the Board be, and they hereby are, approved by the Board, including the
Independent Board Members voting separately, in substantially the form presented at the Meeting, with such changes as counsel deems necessary; and further
RESOLVED, that the amount of the fidelity bond coverage is approved by the Board, including the Independent Board
Members voting separately, after consideration of all factors deemed relevant by the Board and the Independent Board Members, including, but not limited to, the other parties named as insureds, the nature of the business activities of such other
parties, the amount of the joint insured fidelity bond, the amount of the premium for such bond, the ratable allocation of the premium among the parties named as insureds, the extent to which the share of the premium allocated to the Trust is less
than the premium the Trust would have had to pay if it had provided and maintained a single insured bond, the value of the assets of the Trust, the type and terms of the arrangements made for custody of the Trusts assets, and the nature of the
securities in the Trusts portfolio; and further
RESOLVED, that the Board, including the Independent Board
Members, determined that the benefits of obtaining fidelity bond coverage from the Federal Insurance Company, including the opportunity to obtain stable, low-cost insurance coverage from the Federal Insurance Company, justify paying the reserve
premium and making the commitments for additional payments to the Federal Insurance Company, including acceptance of restrictions upon the withdrawal of the reserve premium; and further
RESOLVED, that the officers of the Trust be, and each of them hereby is, authorized and empowered, in the name of the
Trust, to execute such other documents, with such nonmaterial changes as the officers of the Trust, with the advice of counsel to the Trust, may deem necessary, appropriate or desirable (such determination to be conclusively evidenced by the
execution and delivery of such documents) and take such other action as may be deemed necessary or desirable to effect the Trusts purchase of a fidelity bond from the Federal Insurance Company, including but not limited to executing any
signature commitments or obtaining letters of credit deemed necessary or desirable by the officers or officer executing the same; and further
RESOLVED, that the agreement by and among the Trust and the other funds in the Fund Complex to enter into a joint
insured fidelity bond (the Joint Fidelity Bond Agreement) be, and it hereby is, approved by the Board in such form as previously approved by the boards of directors/trustees of other funds in the Fund Complex, and the officers of
the Trust be, and each of them hereby is, authorized and empowered to enter into, execute and deliver said Agreement on behalf of the Trust, with such nonmaterial changes as the officers of the Trust, with advice of counsel to the Trust, may deem
necessary, appropriate or desirable (such determination to be conclusively evidenced by the execution and delivery of such Agreement); and further
-2-
RESOLVED, that the Board, including the Independent Board Members voting
separately, hereby authorizes and empowers the officers of the Trust to pay the amount of the total premium allocated to the Trust for the period payable with respect to such bond as described in the Joint Fidelity Bond Agreement; and further
RESOLVED, that the Board, including the Independent Board Members, shall review such Joint Fidelity Bond Agreement at
least annually in order to ascertain whether or not such agreement continues to be in the best interests of the Trust, and whether or not the premiums to be paid by the Trust are fair and reasonable; and further
RESOLVED, that in accordance with Rule 17g-1(h) under the 1940 Act, the Secretary or any Assistant Secretary of the
Trust is hereby designated as the officer of the Trust who is authorized and directed to make the filings with the SEC and give the notices required by Rule 17g-1(g).
RESOLVED, that the officers of the Trust be, and they hereby are, authorized and empowered at all times to take all
actions necessary to assure compliance with these resolutions and Rule 17g-1 under the 1940 Act; and further
The period for which
premiums have been paid under the joint fidelity bond is November 1, 2020 to November 1, 2021.
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By:
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/s/ Janey Ahn
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Janey Ahn, Esq.
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Secretary of the Funds listed on Schedule A and B
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Dated: February 12, 2021
-3-
Schedule A
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Registered Investment Company
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Gross Assets as of
September 30, 2020
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Minimum Bond Limit
Under Rule 17g-1
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BlackRock 2022 Global Income Opportunity Trust
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$
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229,556,821
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$
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600,000
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BlackRock Allocation Target Shares
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$
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5,267,635,924
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$
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2,500,000
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BlackRock California Municipal Income Trust
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$
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661,354,353
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$
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900,000
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BlackRock California Municipal Series Trust
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$
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3,243,201,728
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$
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2,100,000
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BlackRock Capital Allocation Trust
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$
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2,226,219,748
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$
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1,700,000
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BlackRock Core Bond Trust
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$
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1,192,349,777
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$
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1,250,000
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BlackRock Corporate High Yield Fund, Inc.
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$
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2,022,734,773
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$
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1,700,000
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BlackRock Credit Allocation Income Trust
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$
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2,226,219,748
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$
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1,500,000
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BlackRock Credit Strategies Fund
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$
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192,686,344
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$
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600,000
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BlackRock Debt Strategies Fund, Inc.
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$
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773,020,600
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$
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1,000,000
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BlackRock Energy and Resources Trust
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$
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202,587,432
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$
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600,000
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BlackRock Enhanced Capital and Income Fund, Inc.
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$
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766,641,651
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$
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1,000,000
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BlackRock Enhanced Equity Dividend Trust
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$
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1,564,439,789
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$
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1,500,000
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BlackRock Enhanced Global Dividend Trust
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$
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732,827,333
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$
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900,000
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BlackRock Enhanced Government Fund, Inc.
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$
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68,481,261
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$
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400,000
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BlackRock Enhanced International Dividend Trust
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$
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644,993,146
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$
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900,000
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BlackRock Floating Rate Income Strategies Fund, Inc.
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$
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721,468,209
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$
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900,000
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BlackRock Floating Rate Income Trust
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$
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444,871,929
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$
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750,000
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BlackRock Florida Municipal 2020 Term Trust
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$
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78,260,962
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$
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450,000
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BlackRock Funds IV
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$
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6,211,285,779
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$
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2,500,000
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BlackRock Funds V
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$
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114,647,632,105
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$
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2,500,000
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BlackRock Health Sciences Trust
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$
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533,055,554
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$
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900,000
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BlackRock Health Sciences Trust II
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$
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3,026,951,678
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$
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2,100,000
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BlackRock Income Trust, Inc.
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$
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612,628,248
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$
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900,000
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-4-
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Registered Investment Company
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Gross Assets as of
September 30, 2020
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Minimum Bond Limit
Under Rule 17g-1
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BlackRock Investment Quality Municipal Trust Inc.
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$
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407,688,380
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$
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750,000
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BlackRock Limited Duration Income Trust
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$
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875,033,590
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$
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1,000,000
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BlackRock Long-Term Municipal Advantage Trust
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$
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250,244,404
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|
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$
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750,000
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BlackRock Maryland Municipal Bond Trust
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$
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47,653,675
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|
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$
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350,000
|
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BlackRock Massachusetts Tax-Exempt Trust
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$
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51,093,071
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|
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$
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400,000
|
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BlackRock Multi-Sector Income Trust
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$
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1,025,178,020
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|
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$
|
1,250,000
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BlackRock Multi-Sector Opportunities Trust
|
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$
|
459,387,902
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|
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$
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750,000
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BlackRock Multi-Sector Opportunities Trust II
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$
|
185,611,044
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|
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$
|
600,000
|
|
BlackRock Multi-State Municipal Series Trust
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$
|
2,566,609,858
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|
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$
|
1,900,000
|
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BlackRock Muni Intermediate Duration Fund, Inc.
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|
$
|
897,007,981
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|
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$
|
1,000,000
|
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BlackRock MuniAssets Fund, Inc.
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|
$
|
518,801,069
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|
|
$
|
900,000
|
|
BlackRock Municipal 2020 Term Trust
|
|
$
|
305,934,767
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|
|
$
|
750,000
|
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BlackRock Municipal 2030 Target Term Trust
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|
$
|
2,605,620,526
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|
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$
|
1,900,000
|
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BlackRock Municipal Bond Fund, Inc.
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$
|
16,146,992,688
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|
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$
|
2,500,000
|
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BlackRock Municipal Bond Trust
|
|
$
|
253,229,911
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|
|
$
|
750,000
|
|
BlackRock Municipal Income Investment Quality Trust
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|
$
|
179,240,433
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|
|
$
|
600,000
|
|
BlackRock Municipal Income Investment Trust
|
|
$
|
198,860,028
|
|
|
$
|
600,000
|
|
BlackRock Municipal Income Quality Trust
|
|
$
|
549,444,284
|
|
|
$
|
900,000
|
|
BlackRock Municipal Income Trust
|
|
$
|
917,320,478
|
|
|
$
|
1,000,000
|
|
BlackRock Municipal Income Trust II
|
|
$
|
506,718,086
|
|
|
$
|
900,000
|
|
BlackRock Municipal Series Trust
|
|
$
|
8,660,701,616
|
|
|
$
|
2,500,000
|
|
BlackRock MuniEnhanced Fund, Inc.
|
|
$
|
506,621,827
|
|
|
$
|
900,000
|
|
BlackRock MuniHoldings California Quality Fund, Inc.
|
|
$
|
900,993,635
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|
|
$
|
1,000,000
|
|
BlackRock MuniHoldings Fund II, Inc.
|
|
$
|
234,845,968
|
|
|
$
|
600,000
|
|
BlackRock MuniHoldings Fund, Inc.
|
|
$
|
322,980,119
|
|
|
$
|
750,000
|
|
-5-
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|
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Registered Investment Company
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Gross Assets as of
September 30, 2020
|
|
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Minimum Bond Limit
Under Rule 17g-1
|
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BlackRock MuniHoldings Investment Quality Fund
|
|
$
|
842,480,936
|
|
|
$
|
1,000,000
|
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BlackRock MuniHoldings New Jersey Quality Fund, Inc.
|
|
$
|
710,996,323
|
|
|
$
|
900,000
|
|
BlackRock MuniHoldings New York Quality Fund, Inc.
|
|
$
|
710,788,491
|
|
|
$
|
900,000
|
|
BlackRock MuniHoldings Quality Fund II, Inc.
|
|
$
|
447,453,167
|
|
|
$
|
750,000
|
|
BlackRock MuniHoldings Quality Fund, Inc.
|
|
$
|
268,480,300
|
|
|
$
|
750,000
|
|
BlackRock MuniVest Fund II, Inc.
|
|
$
|
463,054,345
|
|
|
$
|
750,000
|
|
BlackRock MuniVest Fund, Inc.
|
|
$
|
868,394,664
|
|
|
$
|
1,000,000
|
|
BlackRock MuniYield Arizona Fund, Inc.
|
|
$
|
105,477,596
|
|
|
$
|
525,000
|
|
BlackRock MuniYield California Fund, Inc.
|
|
$
|
447,071,128
|
|
|
$
|
750,000
|
|
BlackRock MuniYield California Quality Fund, Inc.
|
|
$
|
713,452,290
|
|
|
$
|
900,000
|
|
BlackRock MuniYield Fund, Inc.
|
|
$
|
947,902,985
|
|
|
$
|
1,000,000
|
|
BlackRock MuniYield Investment Fund
|
|
$
|
257,092,975
|
|
|
$
|
750,000
|
|
BlackRock MuniYield Investment Quality Fund
|
|
$
|
179,317,144
|
|
|
$
|
600,000
|
|
BlackRock MuniYield Michigan Quality Fund, Inc.
|
|
$
|
695,782,186
|
|
|
$
|
900,000
|
|
BlackRock MuniYield New Jersey Fund, Inc.
|
|
$
|
561,900,690
|
|
|
$
|
900,000
|
|
BlackRock MuniYield New York Quality Fund, Inc.
|
|
$
|
818,483,877
|
|
|
$
|
1,000,000
|
|
BlackRock MuniYield Pennsylvania Quality Fund, Inc.
|
|
$
|
298,173,978
|
|
|
$
|
750,000
|
|
BlackRock MuniYield Quality Fund II, Inc.
|
|
$
|
439,795,784
|
|
|
$
|
750,000
|
|
BlackRock MuniYield Quality Fund III, Inc.
|
|
$
|
1,370,817,084
|
|
|
$
|
1,250,000
|
|
BlackRock MuniYield Quality Fund, Inc.
|
|
$
|
680,444,659
|
|
|
$
|
900,000
|
|
BlackRock New York Municipal Bond Trust
|
|
$
|
44,837,252
|
|
|
$
|
350,000
|
|
BlackRock New York Municipal Income Quality Trust
|
|
$
|
139,895,456
|
|
|
$
|
525,000
|
|
BlackRock New York Municipal Income Trust
|
|
$
|
291,838,137
|
|
|
$
|
750,000
|
|
BlackRock New York Municipal Income Trust II
|
|
$
|
122,957,306
|
|
|
$
|
525,000
|
|
BlackRock Resources & Commodities Strategy Trust
|
|
$
|
651,928,027
|
|
|
$
|
900,000
|
|
-6-
|
|
|
|
|
|
|
|
|
Registered Investment Company
|
|
Gross Assets as of
September 30, 2020
|
|
|
Minimum Bond Limit
Under Rule 17g-1
|
|
BlackRock Science and Technology Trust
|
|
$
|
1,049,529,926
|
|
|
$
|
1,250,000
|
|
BlackRock Science and Technology Trust II
|
|
$
|
2,317,821,989
|
|
|
$
|
1,700,000
|
|
BlackRock Series Fund II, Inc.
|
|
$
|
112,980,760
|
|
|
$
|
525,000
|
|
BlackRock Strategic Global Bond Fund, Inc.
|
|
$
|
715,386,657
|
|
|
$
|
900,000
|
|
The BlackRock Strategic Municipal Trust
|
|
$
|
150,416,494
|
|
|
$
|
600,000
|
|
BlackRock Taxable Municipal Bond Trust
|
|
$
|
2,151,738,369
|
|
|
$
|
1,700,000
|
|
BlackRock Utilities, Infrastructure & Power Opportunities Trust
|
|
$
|
386,042,028
|
|
|
$
|
750,000
|
|
BlackRock Variable Series Funds II, Inc.
|
|
$
|
1,657,803,632
|
|
|
$
|
1,500,000
|
|
BlackRock Virginia Municipal Bond Trust
|
|
$
|
36,348,536
|
|
|
$
|
350,000
|
|
Managed Account Series II
|
|
$
|
586,109,467
|
|
|
$
|
900,000
|
|
Master Bond LLC / BlackRock Bond Fund, Inc.
|
|
$
|
50,565,283,015
|
|
|
$
|
2,500,000
|
|
Master Investment Portfolio II / BlackRock Funds VI
|
|
$
|
4,086,775,019
|
|
|
$
|
2,500,000
|
|
-7-
Schedule B
BlackRock Private Investments Fund
-8-
JOINT FIDELITY BOND AGREEMENT BY AND AMONG
THE FUNDS IN THE BOARD I COMPLEX
JOINT FIDELITY BOND AGREEMENT (the Agreement), dated as of January 1, 2019, by and among the funds (each, a Fund
and collectively, the Funds) in the Board I Complex listed on Schedule A attached hereto, as the same may be amended from time to time, all of which are named insureds on a certain fidelity bond underwritten by Federal Insurance Company
(Federal), a member of the Chubb Group of Insurance Companies, covering certain acts relating to the Funds (the Bond).
W I T N E S S E T H
WHEREAS, each of the Funds is an open-end or closed-end
management investment company registered under the Investment Company Act of 1940, as amended (the 1940 Act);
WHEREAS, by
the terms of Rule 17g-1 under the 1940 Act, the Funds are required to provide and to maintain in effect a bond against larceny and embezzlement by their officers and employees. By the terms of the rule, the
Funds are authorized to secure the Bond that names all of the Funds as insureds;
WHEREAS, Rule
17g-1(f) under the 1940 Act requires that a registered management investment company named as an insured on a joint fidelity bond enter into a certain agreement with the other named insureds;
WHEREAS, a majority of the Board of Directors/Trustees (collectively, the Board, the members of which are referred to as
Directors) of each Fund who are not interested persons as defined in Section 2(a)(19) of the 1940 Act have given due consideration to all factors relevant to the form, amount and ratable allocation of premiums of such
Bond, and the majority of such Directors have approved the amount, type, form and coverage of the Bond and the portion of the premium payable with respect to each Fund; and
WHEREAS, the Board has determined that the allocation of the proceeds payable under the Bond as set forth herein (which takes into account
the extent to which the share of the premium allocated to each Fund is less than the premium the Fund would have had to pay if it had provided and maintained a single insured bond) is equitable with respect to each Fund and that each Fund will
benefit from its respective participation in the Bond in compliance with this Rule.
NOW, THEREFORE, in consideration of the mutual
premises and covenants herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, it is agreed by and between the Funds hereto as follows:
1. Joint Insured Bond. The Funds have procured from Federal, a reputable fidelity insurance company, the Bond insuring each Fund
against larceny and embezzlement of its securities and funds by such of its officers and employees who may, singly or jointly with others,
have access to such securities or funds, directly or through authority to draw upon such funds or to direct generally the disposition of such securities. The Bond names each Fund as an insured,
and complies with the requirements established by Rule 17g-1 under the 1940 Act.
2.
Amount. The Bond is in an amount, based upon the total assets of each Fund, equal to or in excess of the aggregate of the minimum coverage required for each of the Funds under Rule 17g-1. The minimum
coverage required for a Fund under Rule 17g-1(d)(1) shall be referred to herein as the Minimum Coverage Amount.
3. Ratable Allocation of Premium. Each Fund will pay the percentage of the premium due under the Bond which is proportionate to the
ratio of its Minimum Coverage Amount to the aggregate amount of the Minimum Coverage Amounts for all of the Funds.
4. Ratable
Allocation of Proceeds.
(a) In the event any recovery under the Bond is received as a result of a loss sustained by any of the
Funds, then each Fund sustaining such loss shall receive an equitable and proportionate share of the recovery, said proportion to be established by the ratio that the claim bears to the total amount claimed by all participants, but at least equal to
the amount which each such Fund would have received had it provided and maintained a single insured bond with the Minimum Coverage Amount.
(b) If the recovery is inadequate to indemnify fully each such Fund sustaining a loss, the recovery shall be allocated among such Funds as
follows:
(i) Each Fund sustaining a loss shall be allocated an amount equal to the lesser of its actual loss or the Minimum Coverage
Amount.
(ii) The remaining portion of the proceeds shall be allocated to each Fund sustaining a loss not fully covered by the allocation
under subparagraph (i) in the proportion that each such Funds gross assets as of the end of its fiscal quarter preceding the loss bears to the sum of the gross assets of all such Funds. If such allocation would result in any Fund
sustaining a loss receiving a portion of the recovery in excess of the loss actually sustained by such Fund, the aggregate of such excess portions shall be allocated among the other Funds whose losses would not be fully indemnified in the same
proportion as each such Funds gross assets bear to the sum of the gross assets of all Funds entitled to receive a share of the excess (both determined as of the fiscal quarter of each Fund preceding the loss). Any allocation in excess of a
loss actually sustained by any such Fund shall be reallocated in the same manner.
5. Claims and Settlements. Each Fund shall,
within ten days after the making of any claim under the Bond, provide the other Funds with written notice of the amount and nature of such claim. Each Fund shall, within ten days after the receipt thereof, provide the other Funds with written notice
of the terms of settlement of any claim made under the Bond by such Fund.
-2-
6. Modification and Amendments.
(a) If a Fund shall determine that the coverage required by Rule 17g-1 for such Fund has changed, or
that the amount of the total coverage allocated to such Fund should otherwise be modified, it shall so notify the other Funds setting forth the modification which it believes to be appropriate, and the proposed treatment of any increased or return
premium.
(b) Within 60 days after such notice, the Funds shall seek the approval required by Rule
17g-1, and if approvals are obtained, shall effect an amendment to this Agreement and the Bond. Any Fund may terminate this Agreement (except with respect to losses occurring prior to such withdrawal) by
giving at least 60 days written notice to the other Funds. The Fund(s) terminating the Agreement shall thereafter be removed as a named insured in accordance with Rule 17g-1 and the Fund(s) shall be
entitled to receive the pro rata portion of any return of premium paid to the insurance company.
(c) This Agreement is intended to cover
all entities insured under the Bond. Any insured under the Bond that is not currently listed on Schedule A hereto may be added to this Agreement by amendment. The Funds hereby consent to additional registered investment companies advised by
BlackRock Advisors, LLC and its affiliates being named as an insured under the Bond and the Agreement.
7. Limitation of Liability for
Massachusetts business trusts. The Declaration of Trust for each Fund listed on Schedule A hereto that is organized as a Massachusetts business trust (each, a Massachusetts Trust) is on file with the Secretary of the Commonwealth of
Massachusetts. This Agreement is executed on behalf of such Massachusetts Trusts by each Massachusetts Trusts Chief Executive Officer and not individually and the obligations imposed upon each Massachusetts Trust by this Agreement are not
binding upon any of the Massachusetts Trusts respective Board members, officers or shareholders individually but are binding only upon the assets and property of such Massachusetts Trust.
8. No Assignment. This Agreement is not assignable.
9. Counterparts. This Agreement may be executed in any number of counterparts which together shall constitute a single instrument.
10. Governing Law. The Agreement shall be construed in accordance with the laws of the State of New York.
11. Notices. All Notices and other communications hereunder shall be in writing and shall be addressed to the appropriate Fund at 40
East 52nd Street, New York, NY 10022.
-3-
IN WITNESS WHEREOF, each Fund has caused the foregoing instrument to be executed by their duly
authorized officers, all as of the day and the year first above written.
|
|
|
|
|
/s/ John M Perlowski
|
Name:
|
|
John M. Perlowski
|
Title:
|
|
President and Chief Executive Officer of each Fund on Schedule A
|
-4-
SCHEDULE A
Open-End Funds
BlackRock Allocation Target Shares
BATS:
Series A Portfolio
BATS: Series C Portfolio
BATS: Series E Portfolio
BATS:
Series M Portfolio
BATS: Series P Portfolio
BATS: Series S Portfolio
BlackRock Bond Fund,
Inc.
BlackRock Total Return Fund
BlackRock California Municipal Series Trust
BlackRock California Municipal Opportunities Fund
BlackRock Funds IV
BlackRock Global
Long/Short Credit Fund
BlackRock Systematic ESG Bond Fund
BlackRock Systematic Multi-Strategy Fund
BlackRock Funds V
BlackRock Core Bond
Portfolio
BlackRock Emerging Markets Bond Fund
BlackRock Emerging Markets Flexible Dynamic Bond Portfolio
BlackRock Floating Rate Income Portfolio
BlackRock GNMA Portfolio
BlackRock High Yield Bond Portfolio
BlackRock Income Fund
BlackRock
Inflation Protected Bond Portfolio
BlackRock Low Duration Bond Portfolio
BlackRock Strategic Income Opportunities Portfolio
BlackRock U.S. Government Bond Portfolio
BlackRock Funds VI
BlackRock CoreAlpha
Bond Fund
BlackRock Multi-State Municipal Series Trust
BlackRock New Jersey Municipal Bond Fund
BlackRock New York Municipal Opportunities Fund
BlackRock Pennsylvania Municipal Bond Fund
BlackRock Municipal Bond Fund, Inc.
BlackRock High Yield Municipal Fund
BlackRock National Municipal Fund
BlackRock Short-Term Municipal Fund
BlackRock
Municipal Series Trust
BlackRock Strategic Municipal Opportunities Fund
BlackRock Series Fund II, Inc.
BlackRock
High Yield Portfolio
BlackRock U.S. Government Bond Portfolio
BlackRock Strategic Global Bond Fund, Inc.
BlackRock
Variable Series Funds II, Inc.
BlackRock High Yield V.I. Fund
BlackRock Total Return V.I. Fund
BlackRock U.S. Government Bond V.I. Fund
Managed Account Series II
BlackRock U.S.
Mortgage Portfolio
Master Bond LLC
Master Total Return Portfolio
Master
Investment Portfolio II
CoreAlpha Bond Master Portfolio
-5-
Closed-End Funds
BlackRock 2022 Global Income Opportunity Trust
BlackRock
California Municipal Income Trust
BlackRock Capital Allocation Trust
BlackRock Core Bond Trust
BlackRock Corporate High Yield Fund,
Inc.
BlackRock Credit Allocation Income Trust
BlackRock
Credit Strategies Fund
BlackRock Debt Strategies Fund, Inc.
BlackRock Energy and Resources Trust
BlackRock Enhanced Capital
and Income Fund, Inc.
BlackRock Enhanced Equity Dividend Trust
BlackRock Enhanced Global Dividend Trust
BlackRock Enhanced
Government Fund, Inc.
BlackRock Enhanced International Dividend Trust
BlackRock Floating Rate Income Strategies Fund, Inc.
BlackRock
Floating Rate Income Trust
BlackRock Florida Municipal 2020 Term Trust
BlackRock Health Sciences Trust
BlackRock Health Sciences Trust
II
BlackRock Income Trust, Inc.
BlackRock Investment
Quality Municipal Trust, Inc.
BlackRock Limited Duration Income Trust
BlackRock Long-Term Municipal Advantage Trust
BlackRock Maryland
Municipal Bond Trust
BlackRock Massachusetts Tax-Exempt Trust
BlackRock Multi-Sector Income Trust
BlackRock Multi-Sector
Opportunities Trust
BlackRock Multi-Sector Opportunities Trust II
BlackRock Muni Intermediate Duration Fund, Inc.
BlackRock
MuniAssets Fund, Inc.
BlackRock Municipal 2020 Term Trust
BlackRock Municipal 2030 Target Term Trust
BlackRock Municipal
Bond Trust
BlackRock Municipal Income Investment Quality Trust
BlackRock Municipal Income Investment Trust
BlackRock Municipal
Income Quality Trust
BlackRock Municipal Income Trust
BlackRock Municipal Income Trust II
BlackRock MuniEnhanced Fund,
Inc.
BlackRock MuniHoldings California Quality Fund, Inc.
BlackRock MuniHoldings Fund II, Inc.
BlackRock MuniHoldings
Fund, Inc.
BlackRock MuniHoldings Investment Quality Fund
BlackRock MuniHoldings New Jersey Quality Fund, Inc.
BlackRock
MuniHoldings New York Quality Fund, Inc.
BlackRock MuniHoldings Quality Fund II, Inc.
BlackRock MuniHoldings Quality Fund, Inc.
BlackRock MuniVest
Fund II, Inc.
BlackRock MuniVest Fund, Inc.
BlackRock
MuniYield Arizona Fund, Inc.
BlackRock MuniYield California Fund, Inc.
BlackRock MuniYield California Quality Fund, Inc.
-6-
BlackRock MuniYield Fund, Inc.
BlackRock MuniYield Investment Fund
BlackRock MuniYield
Investment Quality Fund
BlackRock MuniYield Michigan Quality Fund, Inc.
BlackRock MuniYield New Jersey Fund, Inc.
BlackRock MuniYield
New York Quality Fund, Inc.
BlackRock MuniYield Pennsylvania Quality Fund
BlackRock MuniYield Quality Fund II, Inc.
BlackRock MuniYield
Quality Fund III, Inc.
BlackRock MuniYield Quality Fund, Inc.
BlackRock New York Municipal Bond Trust
BlackRock New York
Municipal Income Quality Trust
BlackRock New York Municipal Income Trust
BlackRock New York Municipal Income Trust II
BlackRock Private
Investments Fund
BlackRock Resources & Commodities Strategy Trust
BlackRock Science and Technology Trust
BlackRock Science and
Technology Trust II
BlackRock Taxable Municipal Bond Trust
BlackRock Utilities, Infrastructure & Power Opportunities Trust
BlackRock Virginia Municipal Bond Trust
The BlackRock Strategic
Municipal Trust
-7-
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