DEF 14A 1 c27045_def14a.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(A) of the Securities Exchange Act of 1934 Filed by the Registrant [ X ] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [X] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to ss.240.14a-11(c) or ss.240.14a-12 THE BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. ("BKN") THE BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. ("BRM") THE BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. ("BFC") THE BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST ("BRF") THE BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. ("BLN") THE BLACKROCK BROAD INVESTMENT GRADE 2009 TERM TRUST INC. ("BCT") THE BLACKROCK INCOME TRUST INC. ("BKT") THE BLACKROCK HIGH YIELD TRUST ("BHY") THE BLACKROCK INVESTMENT QUALITY TERM TRUST INC. ("BQT") THE BLACKROCK ADVANTAGE TERM TRUST INC. ("BAT") THE BLACKROCK MUNICIPAL TARGET TERM TRUST INC. ("BMN") THE BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. ("RAA") THE BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST ("RFA") THE BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. ("RNJ") THE BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. ("RNY") THE BLACKROCK INCOME OPPORTUNITY TRUST INC. ("BNA") THE BLACKROCK INSURED MUNICIPAL TERM TRUST INC. ("BMT") THE BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST ("BPS") THE BLACKROCK STRATEGIC MUNICIPAL TRUST ("BSD") BLACKROCK FLORIDA MUNICIPAL INCOME TRUST ("BBF") BLACKROCK MUNICIPAL INCOME TRUST ("BFK") BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST ("BFZ") BLACKROCK NEW JERSEY MUNICIPAL INCOME TRUST ("BNJ") BLACKROCK NEW YORK MUNICIPAL INCOME TRUST ("BNY") BLACKROCK CALIFORNIA MUNICIPAL 2018 TERM TRUST ("BJZ") BLACKROCK MUNICIPAL 2018 TERM TRUST ("BPK") BLACKROCK NEW YORK MUNICIPAL 2018 TERM TRUST ("BLH") BLACKROCK CORE BOND TRUST ("BHK") BLACKROCK STRATEGIC BOND TRUST ("BHD") BLACKROCK MUNICIPAL BOND TRUST ("BBK") BLACKROCK CALIFORNIA MUNICIPAL BOND TRUST ("BZA") BLACKROCK FLORIDA MUNICIPAL BOND TRUST ("BIE") BLACKROCK MARYLAND MUNICIPAL BOND TRUST ("BZM") BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST ("BLJ") BLACKROCK NEW YORK MUNICIPAL BOND TRUST ("BQH") BLACKROCK VIRGINIA MUNICIPAL BOND TRUST ("BHV") BLACKROCK MUNICIPAL INCOME TRUST II ("BLE") BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST II ("BCL") BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II ("BFY") BLACKROCK INSURED MUNICIPAL INCOME TRUST ("BYM") BLACKROCK CALIFORNIA INSURED MUNICIPAL INCOME TRUST ("BCK") BLACKROCK FLORIDA INSURED MUNICIPAL INCOME TRUST ("BAF") BLACKROCK NEW YORK INSURED MUNICIPAL INCOME TRUST ("BSE") --------------------------------------------- (Name of Registrant as Specified in Its Charter) --------------------------------------------- (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [ ] Fee computed on the table below per Exchange Act Rules 14a-6(i)(4) and 0-11. (1) Title of each class of securities to which transaction applies: N/A (2) Aggregate number of securities to which transaction applies: N/A (3) Per unit price or other underlying value of transaction computed pursuant to Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): N/A (4) Proposed maximum aggregate value of transaction: N/A (5) Total fee paid: N/A [ ] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0- 11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. (1) Amount Previously Paid: N/A (2) Form, Schedule or Registration Statement No.: N/A (3) Filing Party: N/A (4) Date Filed: N/A [GRAPHIC OMITTED] BLACKROCK CLOSED-END FUNDS ---------------- NOTICE OF JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 22, 2003 ---------------- Notice is hereby given to the Stockholders/Shareholders of each of the BlackRock Closed-End Funds listed on Appendix A to the Proxy Statement accompanying this notice (collectively, the "Trusts") that: The Joint Annual Meeting of Stockholders/Shareholders of the Trusts (the "Meeting") will be held at the New York East Side Marriott, 525 Lexington Avenue, New York, New York, on Thursday, May 22, 2003 at 10:00 a.m. (New York City time). For the sake of convenience and clarity, individual Trusts are identified throughout this notice and the attached Proxy Statement by their trading symbols. A list of the Trusts setting forth each Trust's full name and trading symbol is attached to the Proxy Statement accompanying this notice as Appendix A. The Meeting is being held for the following purposes: 1. A. For each of the following Trusts to elect two Directors (or, where applicable, Trustees), each to hold office for the term indicated in the attached Proxy Statement until their successors shall have been elected and qualified: BFC BLN BBK BZM BHV BFY BAF BHY BRF BZA BLJ BLE BYM BSE BKN BRM BIE BQH BCL BCK 1. B. For each of the following Trusts to elect three Directors (or, where applicable, Trustees), each to hold office for the term indicated in the attached Proxy Statement until their successors shall have been elected and qualified: RNY RAA BCT BKT BMT BFZ BJZ BHK RNJ BSD BAT BQT BBF BNJ BPK BHD RFA BPS BNA BMN BFK BNY BLH 1. C. For each of the following Trusts to elect Messrs. Walter F. Mondale and Robert S. Kapito as Directors for the remainder of their term in accordance with Maryland law as indicated in the attached Proxy Statement: BKN BRM BFC BLN BCT BKT BQT BAT BMN RAA RNJ RNY BNA BMT 2. To transact such other business as may properly come before the Meeting or any adjournments or postponements thereof. THE BOARD OF DIRECTORS OR TRUSTEES (THE "BOARD") OF EACH TRUST, INCLUDING THE INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDS THAT YOU VOTE "FOR" THE PROPOSAL. We encourage you to contact BlackRock toll free at (800) 227-7BFM (7236) from 9:00 a.m. to 6:00 p.m. EST if you have any questions. The Board of each Trust has fixed the close of business on February 28, 2003 as the record date for the determination of Stockholders/Shareholders entitled to notice of, and to vote at, the Meeting. We urge you to mark, sign, date, and mail the enclosed proxy in the postage-paid envelope provided or record your voting instructions via telephone or the internet (for those Trusts that permit voting by telephone or internet) so you will be represented at the Meeting. By order of the Board of each Trust Anne F. Ackerley, Secretary of each Trust New York, New York April 15, 2003 -------------------------------------------------------------------------------- IT IS IMPORTANT THAT YOUR SHARES BE REPRESENTED AT THE MEETING IN PERSON OR BY PROXY. WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, PLEASE VOTE BY TELEPHONE, INTERNET OR MAIL (NOT EVERY TRUST PERMITS VOTING BY INTERNET AND TELEPHONE. PLEASE CHECK YOUR PROXY CARD). IF VOTING BY MAIL PLEASE SIGN, DATE AND RETURN THE ENCLOSED PROXY CARD IN THE ACCOMPANYING POSTAGE-PAID ENVELOPE. IF YOU ATTEND THE MEETING AND WISH TO VOTE IN PERSON, YOU WILL BE ABLE TO DO SO AND YOUR VOTE AT THE MEETING WILL REVOKE ANY PROXY YOU MAY HAVE SUBMITTED. YOUR VOTE IS EXTREMELY IMPORTANT. NO MATTER HOW MANY OR HOW FEW SHARES YOU OWN, PLEASE SEND IN YOUR PROXY CARD TODAY. -------------------------------------------------------------------------------- 2 [GRAPHIC OMITTED] BLACKROCK CLOSED-END FUNDS ---------------- PROXY STATEMENT FOR JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 22, 2003 ---------------- This document will give you the information you need to vote on the matters listed on the accompanying Notice of Joint Annual Meeting of Shareholders ("Notice of Annual Meeting"). Much of the information in this joint proxy statement ("Proxy Statement") is required under rules of the Securities and Exchange Commission ("SEC"); some of it is technical. If there is anything you don't understand, please contact us at our toll-free number, (800) 227-7BFM (7236). This Proxy Statement is furnished in connection with the solicitation by the respective Board of Directors or Trustees, as the case may be (the "Board"), of each of the Trusts of proxies to be voted at the Joint Annual Meeting of Shareholders of the Trusts to be held on Thursday, May 22, 2003, and any adjournment or postponement thereof (the "Meeting"). The Meeting will be held at the New York East Side Marriott, 525 Lexington Avenue, New York, New York, on May 22, 2003 at 10:00 a.m. (New York City time). As used in the Notice of Annual Meeting and as used herein, the term "Directors" shall include Trustees, the term "Shareholders" shall include Stockholders and the term "share" shall include stock where the use of the terms "Trustees" or "Stockholders" or "stock" would otherwise be appropriate. This Proxy Statement and the enclosed proxy card are first being sent to the Trusts' shareholders on or about April 15, 2003. * WHY IS A SHAREHOLDER MEETING BEING HELD? Because the common shares of each Trust are traded on a nationally recognized stock exchange that requires each Trust to hold an annual meeting of shareholders. * WHAT PROPOSAL WILL BE VOTED ON? You are being asked to elect nominees for the Board of each Trust in which you own shares (the "Proposal"). * WILL MY VOTE MAKE A DIFFERENCE? YES! Your vote is important and will make a difference in the governance of the Trust(s), no matter how many shares you own. * WHO IS ASKING FOR YOUR VOTE? The enclosed proxy is solicited by the Board of each Trust for use at the Meeting to be held on Thursday, May 22, 2003, and, if the Meeting is adjourned or postponed, at any later meetings, for the purposes stated in the Notice of Annual Meeting (see previous pages). The Notice of Annual Meeting, the proxy and this Proxy Statement are being mailed on or about April 15, 2003. * HOW DO THE TRUSTS' BOARDS RECOMMEND THAT SHAREHOLDERS VOTE ON THE PROPOSALS? Each Board unanimously recommends that you vote "for" the respective Proposal. * WHO IS ELIGIBLE TO VOTE? Shareholders of record of each Trust at the close of business on February 28, 2003 are entitled to be present and to vote at the Meeting or any adjourned or postponed meeting. Each share is entitled to one vote. Shares represented by duly executed proxies will be voted in accordance with your instructions. If you sign the proxy, but don't fill in a vote, your shares will be voted in accordance with your Board's recommendation. If any other business is brought before your Trust's Meeting, your shares will be voted at your Board's discretion. * HOW MANY SHARES OF EACH TRUST WERE OUTSTANDING AS OF THE RECORD DATE? Appendix B sets forth the number of outstanding shares for each Trust at the close of business on February 28, 2003. * WHY DOES THIS PROXY STATEMENT LIST SEVERAL CLOSED-END FUNDS? The Trusts have similar proposals and it is cost-efficient to have a joint proxy statement and one meeting. In the event that any shareholder present at the Meeting objects to the holding of a joint meeting and moves for an adjournment of his or her Trust's meeting to a time immediately after the Meeting so that such Trust's meeting may be held separately, the persons named as proxies will vote in favor of such adjournment. Shareholders of each Trust will vote separately on the respective Proposal relating to their Trust. In any event, an unfavorable vote on any Proposal by the shareholders of one Trust will not affect the implementation of such Proposal by another Trust if the Proposal is approved by the shareholders of that Trust. THE PROPOSAL * WHO ARE THE NOMINEES FOR DIRECTORS? The Directors of the Trusts are classified into three classes of Directors: Class I, Class II and Class III. Each class has a term of three years. There are two or three nominees with respect to each Trust because each year the term of office of one class expires and only Directors of the respective Trust whose current terms are expiring are being nominated for election at the Meeting. The following table sets forth the class and nominees to be voted on by each Trust:

CLASS OF DIRECTORS NOMINEES FOR FUND STANDING FOR ELECTION DIRECTORS =========================================================================================================== BFC(1) BRM(1) BLJ BFY CLASS I Richard E. Cavanagh(4) BHY BBK BQH BYM James Clayburn La Force, Jr. BKN(1) BZA BHV BCK BLN(1) BIE BLE BAF BRF BZM BCL BSE =========================================================================================================== BBF BHK BMN(2) BNY CLASS II Frank J. Fabozzi(4) BFK BJZ BMT(2) BPK Walter F. Mondale BFZ BKT(2) BNA(2) BQT(2) Ralph L. Schlosstein BHD BLH BNJ =========================================================================================================== RNY(3) RFA BSD BCT(3) CLASS III Andrew F. Brimmer RNJ(3) RAA(3) BPS BAT(3) Kent Dixon Robert S. Kapito ===========================================================================================================

---------------- (1) Shareholders of these Trusts will also vote for Messrs. Walter F. Mondale and Robert S. Kapito, in addition to the Class I nominees for Directors, for the reasons described below. (2) Shareholders of these Trusts will also vote for Mr. Kapito, in addition to the Class II nominees for Directors, for the reasons described below. (3) Shareholders of these Trusts will also vote for Mr. Mondale, in addition to the Class III nominees for Directors, for the reasons described below. (4) To be elected by holders of preferred shares only, except that, for BHY, BHK, BHD, BKT, BNA and BQT, which do not have preferred shares, to be elected by holders of common shares. Each Director is also a Director of each of the other BlackRock closed-end Trusts. Each nominee's background is described below. The holders of any Trust's preferred shares will have equal voting rights with the holders of that Trust's common shares (i.e., one vote per share), and will vote together with the holders of common shares as a single class on the proposal to elect Directors, except that the holders of preferred shares of each Trust which is electing Class I or II Directors at this Meeting, voting separately as a class, will separately elect a Director from each of such classes. The two Directors that have been designated as representing the holders of each respective Trust's preferred shares are Messrs. Richard E. Cavanagh and Frank J. Fabozzi. 2 In addition, under Maryland law, directors who have been appointed by a board of directors since the prior annual shareholders' meeting to fill a vacancy on the Boards must be nominated for election at the next shareholders' meeting. In 2002, Mr. Walter F. Mondale resigned from the Boards in order to run for U.S. Senate on October 31, 2002 and was reappointed by the Boards on November 12, 2002. Mr. Robert S. Kapito was appointed as a Director of each Trust by the Boards on August 22, 2002 to fill a vacancy. Therefore, Messrs. Mondale and Kapito are being nominated for election with respect to BKN, BRM, BFC, BLN, BCT, BKT, BQT, BAT, BMN, RAA, RNJ, RNY, BNA and BMT, even if they are not in the class of Directors standing for election, because these Trusts are organized as Maryland corporations. Each Director elected will hold office for three years and until their successors shall have been elected and qualified, except that Mr. Mondale and Mr. Kapito will serve until the end of the term for which they were originally appointed, where applicable. The other Directors of the Trusts will continue to serve under their current terms. The other classes will be elected at subsequent annual meetings of shareholders. BAT, BCT and BQT each hold substantially all of their assets in their respective wholly owned subsidiaries, BAT Subsidiary Inc. ("BATS"), BCT Subsidiary Inc. ("BCTS") and BQT Subsidiary Inc. ("BQTS"). The Board of each wholly owned subsidiary is identical to the Board of its respective parent company. Accordingly, nominees elected as Directors of BAT, BCT, and BQT, respectively, will be appointed by BAT, BCT and BQT, respectively, to serve as Directors of BATS, BCTS and BQTS, respectively, each of which has investment objectives and policies identical to BAT, BCT, and BQT, respectively. Certain information concerning the nominees for each of the Trusts is set forth in the table below. All of the nominees are currently Directors of each of the Trusts, including BATS, BCTS, and BQTS, and have served in such capacity since each of the Trusts commenced their respective operations, except for the following exceptions. Mr. Richard E. Cavanagh has served as Director since his appointment by the Boards of BKN, BRM, BFC, BRF, BLN, BCT, BKT, BQT, BAT, BMN, RAA, RFA, RNJ, RNY, BNA and BMT on August 11, 1994 to fill a vacancy. With respect to BKT, BQT, BAT, BMN, BNA and BMT, Mr. James Clayburn La Force, Jr. has served as Director since his election at the Trusts' annual meeting of shareholders on June 19, 1992. Mr. Walter F. Mondale, who was previously a Director of BKN, BRM, BFC, BLN, BCT, BKT, BQT, BAT, BMN, BMT, RFA, RAA, RNJ, RNY, BNA and BRF from inception to August 12, 1993, has served as Director since his election at the Trusts' annual meeting of shareholders on April 15, 1997, except that he resigned on October 31, 2002 to run for the U.S. Senate and was subsequently reappointed by the Boards on November 12, 2002. Mr. Robert S. Kapito was appointed by the Boards on August 22, 2002 to fill a vacancy. In addition, Mr. Ralph L. Schlosstein also serves as Chairman and President of the BlackRock Provident Institutional Funds and a Director and officer of several of BlackRock's alternative investment vehicles. Each Director holds his position as to each of the 44 active closed-end funds advised by BlackRock Advisors, Inc. (the "Fund Complex"). As of the date of this Proxy Statement, the Fund Complex consisted of 44 active closed-end funds, each with one investment portfolio. Except as indicated, each individual has held the office shown or other offices in the same company for the last five years. The "interested" Directors (as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended (the "1940 Act")) are indicated by an asterisk(*). Independent directors are those who are not interested persons of the Trusts or BlackRock Advisors, Inc. (the "Independent Directors"). Unless specified otherwise below, the business address of the Directors and officers of each of the Trusts is 40 East 52nd Street, New York, New York 10022, and the address of BlackRock Advisors, Inc. (the "Advisor") is 100 Bellevue Parkway, Wilmington, Delaware 19809.

OTHER DIRECTORSHIPS HELD BY NAME, ADDRESS PRINCIPAL OCCUPATION(S) DIRECTOR OR NOMINEE FOR AND AGE DURING PAST 5 YEARS DIRECTOR --------------------------------------------------------------------------------------------------------------------------------- INTERESTED DIRECTORS: Ralph L. Schlosstein* Director since 1999 and President of BlackRock, Chairman and President of the BlackRock Provident Age 52 Inc. since its formation in 1998 and of Institutional Funds (10 portfolios). Director of Class II BlackRock, Inc.'s predecessor entities since several of BlackRock's alternative investment 1988. Member of the Management Committee and vehicles. Currently, a Member of the Visiting Board Investment Strategy Group of BlackRock, Inc. of Overseers of the John F. Kennedy School of Formerly, Managing Director of Lehman Brothers, Government at Harvard University, the Financial Inc. and Co-head of its Mortgage and Savings Institutions Center Board of the Wharton School of Institutions Group. Currently, Chairman and the University of Pennsylvania, a Trustee of Trinity Director of each of the closed-end Trusts in School in New York City and a Trustee of New Visions which the Advisor acts as investment advisor. for Public Education in New York City. Formerly, a Director of Pulte Corporation and a Member of Fannie Mae's Advisory Council.

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OTHER DIRECTORSHIPS HELD BY NAME, ADDRESS PRINCIPAL OCCUPATION(S) DIRECTOR OR NOMINEE FOR AND AGE DURING PAST 5 YEARS DIRECTOR --------------------------------------------------------------------------------------------------------------------------------- INTERESTED DIRECTORS: Robert S. Kapito* Vice Chairman of BlackRock, Inc., Head of the Chairman of the Hope & Heroes Children's Cancer Age: 46 Portfolio Management Group, a member of the Fund. President of the Board of Directors of Class III Management Committee, the Investment Strategy Periwinkle National Theatre for Young Audiences. Group, the Fixed Income and Global Operating Director of icruise.com, Corp. Committees and the Equity Investment Strategy Group. Responsible for the portfolio management of the Fixed Income, Domestic Equity, Liquidity and Alternative Investment Groups of BlackRock. Currently, President and Director for each of the closed-end Trusts in which the Advisor acts as investment advisor. INDEPENDENT DIRECTORS: Andrew F. Brimmer President of Brimmer & Company, Inc., a Director of CarrAmerica Realty Corporation and P.O. Box 4546 Washington D.C.-based economic and financial Borg-Warner Automotive. Former Director of AirBorne New York, NY 10163 consulting firm. Also, Wilmer D. Barrett Express, BankAmerica Corporation (Bank of America), Age: 76 Professor of Economics, University of Bell South Corporation, College Retirement Equities Class III Massachusetts -- Amherst. Former member of the Fund (Trustee), Commodity Exchange, Inc. (Public Board of Governors of the Federal Reserve Governor), Connecticut Mutual Life Insurance System. Former Chairman, District of Columbia Company, E.I. du Pont de Nemours & Company, Financial Control Board. Equitable Life Assurance Society of the United States, Gannett Company, Mercedes-Benz of North America, NCM Financial Corporation (American Security Bank), NCM Capital Management, Navistar International Corporation, PHH Corp. and UAL Corporation (United Airlines). Richard E. Cavanagh President and Chief Executive Officer of The Trustee Emeritus, Wesleyan University, Trustee, P.O. Box 4546 Conference Board, Inc., a leading global Airplanes Group, Aircraft Finance Trust (AFT) and New York, NY 10163 business membership organization, from Educational Testing Service (ETS). Director, Arch Age: 56 1995-present. Former Executive Dean of the John Chemicals, Fremont Group and The Guardian Life Class I F. Kennedy School of Government at Harvard Insurance Company of America. University from 1988-1995. Acting Director, Harvard Center for Business and Government (1991-1993). Former Partner (principal) of McKinsey & Company, Inc. (1980-1988). Former Executive Director of Federal Cash Management, White House Office of Management and Budget (1977-1979). Co-author, THE WINNING PERFORMANCE (best selling management book published in 13 national editions). Kent Dixon Consultant/Investor. Former President and Chief Former Director of ISFA (the owner of INVEST, a P.O. Box 4546 Executive Officer of Empire Federal Savings Bank national securities brokerage service designed for New York, NY 10163 of America and Banc PLUS Savings Association. banks and thrift institutions). Age: 65 Former Chairman of the Board, President and Class III Chief Executive Officer of Northeast Savings. Frank J. Fabozzi Consultant. Editor of THE JOURNAL OF PORTFOLIO Director, Guardian Mutual Funds Group P.O. Box 4546 MANAGEMENT and Adjunct Professor of Finance at (18 portfolios). New York, NY 10163 the School of Management at Yale University. Age: 54 Author and editor of several books on fixed Class II income portfolio management. Visiting Professor of Finance and Accounting at the Sloan School of Management, Massachusetts Institute of Technology from 1986 to August 1992. James Clayburn Dean Emeritus of The John E. Anderson Graduate Director, Jacobs Engineering Group, Inc., Payden & La Force, Jr. School of Management, University of California Rygel Investment Trust, Provident Investment Counsel P.O. Box 4546 since July 1, 1993. Acting Dean of The School Funds, Advisor Series Trust, Arena Pharmaceuticals, New York, NY 10163 of Business, Hong Kong University of Science and Inc. and CancerVax Corporation. Age: 74 Technology 1990-1993. From 1978 to September Class I 1993, Dean of The John E. Anderson Graduate School of Management, University of California. Walter F. Mondale Partner, Dorsey & Whitney LLP, a law firm P.O. Box 4546 (December 1996 - present, September 1987 - New York, NY 10163 August 1993). Former U.S. Ambassador to Japan Age: 75 (1993 - 1996). Former Vice President of the Class II United States, U.S. Senator and Attorney General of the State of Minnesota. 1984 Democratic Nominee for President of the United States.

4 * DO THE TRUSTS HAVE ANY COMMITTEES? Yes. The Trusts' Directors have determined that the efficient conduct of the Trusts' affairs makes it desirable to delegate responsibility for certain specific matters to committees of the Boards. The committees meet as often as necessary, either in conjunction with regular meetings of the Directors or otherwise. The members and chairman of each committee are appointed by the Directors. EXECUTIVE COMMITTEE Each Trust has an Executive Committee composed of Messrs. Schlosstein and Kapito, which acts on behalf of the full Board on certain matters in the interval between meetings of the Boards. AUDIT COMMITTEE Each of the Trusts has an Audit Committee, composed of three of the Independent Directors, which is charged with selecting a firm of independent accountants for its respective Trust and reviewing accounting matters with the accountants. The Audit Committee of each Trust presents the following report: The Audit Committee of each Trust (except for BYM, BCK, BAF and BSE) has performed the following functions: (i) the Audit Committee reviewed and discussed the audited financial statements of each Trust with management of each respective Trust, (ii) the Audit Committee discussed with the independent auditors the matters required to be discussed by the Statements on Auditing Standards No. 61, (iii) the Audit Committee received the written disclosures and the letter from the independent auditors required by ISB Standard No. 1 and has discussed with the auditors the auditors' independence and (iv) the Audit Committee recommended to the Board of Directors of each Trust that the financial statements be included in each Trust's Annual Report for the past fiscal year. BYM, BCK, BAF and BSE are newly organized and do not, as of yet, have audited year-end financial statements. As a result, these Trusts' Audit Committees have not performed any of the above functions. The Audit Committee is governed by a written charter, which was revised on October 22, 2002 and is attached hereto as Appendix C. The members of the Audit Committee of each Trust are Messrs. Brimmer (Chairman of the Audit Committee), Cavanagh and Dixon. The Board of each Trust has determined that each Trust has two audit committee financial experts serving on its audit committee, Dr. Brimmer and Mr. Dixon, both of whom are independent for the purpose of the definition of audit committee financial expert as applicable to the Trusts. GOVERNANCE COMMITTEE Each of the Trusts has a Governance Committee composed of all of the Independent Directors. As part of its duties, the Governance Committee makes recommendations to the full Board of each Trust with respect to candidates for the Board and with respect to the compensation of Directors. The 1940 Act requires that the Trusts have a minimum proportion of directors who are not affiliated in any way with the investment manager, principal underwriter or any broker-dealer of the Trusts. These Independent Directors must vote separately to approve all financial arrangements and other agreements with the Trusts' investment manager and other affiliated parties. Each Trust's Independent Directors meet regularly as a group in executive session as the Governance Committee. * HOW MANY SHARES OF THE TRUSTS DO THE DIRECTORS OWN? The chart attached hereto as Appendix D lists the number of shares beneficially owned by the Directors and the number of share equivalents owned by the Directors pursuant to the Directors' deferred compensation plan. * HOW OFTEN DO THE DIRECTORS MEET? Nine meetings of the Board of BNA, seven meetings of the Board of each of BHD, BPK, BJZ and BLH, and six meetings of the Board of each of BCT, BHY, BKN, BKT, RAA, RFA, RNJ, RNY, BFK, BFZ, BBF, BNJ, BNY and BHK were held during 5 their last fiscal year from November 1, 2001 to October 31, 2002. Five meetings of the Board of each of BMN, BFC, BLN, BMT, BRF, BRM, BPS, BQT, BAT and BSD were held during their last fiscal year from January 1, 2002 to December 31, 2002. One meeting of the Executive Committee of each of BCT, BHY, BKN, BKT, BNA, RAA, RFA, RNJ, RNY, BHK, BHD, BFK, BFZ, BBF, BNJ, BNY, BPK, BJZ and BLH was held during their last fiscal year from November 1, 2001 to October 31, 2002. One meeting of the Executive Committee of each of BAT, BFC, BLN, BMN, BMT, BPS, BRF, BRM, BQT and BSD was held during their last fiscal year from January 1, 2002 to December 31, 2002. Six meetings of the Audit Committee of each of BCT, BHY, BKN, BKT, BNA, RAA, RFA, RNJ and RNY, five meetings of the Audit Committee of each of BHK, BHD, BFK, BFZ, BBF, BNJ and BNYand three meetings of the Audit Committee of each of BPK, BJZ and BLH were held during their last fiscal year from November 1, 2001 to October 31, 2002. Four meetings of the Audit Committee of each of BAT, BFC, BLN, BMN, BMT, BPS, BRF, BRM, BQT and BSD were held during their last fiscal year from January 1, 2002 to December 31, 2002. Four meetings of the Governance Committee of each of BNA, BCT, BHY, BKN, BKT, RAA, RFA, RNJ, RNY, BHD, BFK, BFZ, BBF, BNJ, BNY, BPK, BJZ, BHK and BLH were held during their last fiscal year from November 1, 2001 to October 31, 2002. Four meetings of the Governance Committee of each of BAT, BFC, BLN, BMN, BMT, BPS, BSD, BRF, BRM and BQT were held during their last fiscal year from January 1, 2002 to December 31, 2002. During each Trust's last full fiscal year, each Director attended at least 75% of the aggregate of: (i) all regular meetings of the Board of each Trust (held during the period for which he has been a Director); and (ii) all meetings of all committees of the Board of each Trust on which he served (during the periods that he served). Meeting information and Directors' attendance for BBK, BZA, BIE, BZM, BLJ, BQH, BHV, BLE, BCL, BFY, BYM, BCK, BAF and BSE have not been provided because such Trusts have not been in operation for a full fiscal year. * WHAT ARE THE DIRECTORS PAID FOR THEIR SERVICES? The following table sets forth certain information regarding the compensation of the Trusts' Directors. TOTAL COMPENSATION FROM THE FUND COMPLEX NAME OF DIRECTOR PAID TO DIRECTORS (1) -------------------------------- -------------------------------- Andrew F. Brimmer $200,000(2)(3) Richard E. Cavanagh $160,000(2) Kent Dixon $160,000(2) Frank J. Fabozzi $160,000(2) James Clayburn La Force, Jr. $160,000(2) Walter F. Mondale $160,000(2) ---------- (1) Represents the total compensation earned by such persons during the calendar year ended December 31, 2002 from the Fund Complex. (2) Represents the aggregate compensation earned by such persons during the calendar year ended December 31, 2002. Of this amount, Messrs. Brimmer, Cavanagh, Dixon, Fabozzi, La Force and Mondale deferred $24,000, $24,000, $0, $0, $148,000 and $55,500, respectively, pursuant to the Fund Complex's deferred compensation plan (described below). (3) Dr. Brimmer serves as "lead director" for each Board in the Fund Complex. For his services as lead director, Dr. Brimmer is compensated in the amount of $40,000 per annum by the Fund Complex allocated among the Trusts in the Fund Complex based on each Trust's relative net assets. During the last fiscal year, each Independent Director received an annual fee calculated as follows: (i) $6,000 from each Trust in the Fund Complex and (ii) $1,500 for each meeting of each Board in the Fund Complex attended by such Independent Director. The total annual aggregate compensation for each Independent Director was capped at $160,000 per annum, except for the lead director. In the event that the $160,000 cap was met with respect to an Independent Director, the amount of the Independent Director's fee borne by each Trust in the Fund Complex was reduced by reference to the net assets of the Trust relative to the other Trusts in the Fund Complex (subject to a $2,000 minimum per Director). In addition, the attendance fees of each Independent Director of the Trusts were reduced proportionately, based on each respective Trust's net assets, so that the aggregate per meeting fee for all meetings of the Boards of the Trusts held on a single day did not exceed $20,000 for any Director. 6 The following fees were accrued by the following Trusts during their last fiscal year from January 1, 2002 to December 31, 2002: BAT $14,000 BMN $72,000 BJZ $10,900 BRM $69,900 BQT $50,000 BPK $35,000 BLN $23,500 BPS $11,300 BLH $11,100 BFC $25,200 BSD $16,500 BRF $16,200 BMT $47,600 The following fees were accrued by the following Trusts during their last fiscal year from November 1, 2001 to October 31, 2002: BHY $12,100 RNY $12,000 BHK $50,000 BCT $15,400 BKN $40,500 BHD $16,500 RAA $12,000 BNA $56,300 BFK $85,500 RFA $12,000 BBF $16,100 BNJ $18,000 BFZ $35,200 BNY $28,600 RNJ $12,000 BKT $71,500 The following fees were accrued by the following Trusts during their last fiscal year from September 1, 2001 to August 31, 2002: 1 BBK $ 5,500 BHV $ 4,100 BYM $ 0 BZA $ 4,100 BLE $ 3,700 BCK $ 0 BIE $ 4,200 BCL $ 1,700 BAF $ 0 BZM $ 4,200 BLJ $ 4,200 BSE $ 0 BQH $ 4,200 BFY $ 1,100 None of the Directors received any pension or retirement benefits. None of the officers of the Trusts received any compensation, including pension or retirement benefits, from the Trusts for such period. Messrs. Schlosstein, Kapito, Gabbay, Klingert, Kong, Schaney, Shea and Ms. Ackerley, officers of the Trusts, are also affiliated with the Advisor. They receive compensation from the Advisor or one of its affiliates, although under the terms of the investment advisory agreements some portion of their compensation could be reimbursable by a particular Trust to the extent such person's working time (other than time related to providing investment advisory services) is devoted to certain of that particular Trust's operations. Under the deferred compensation plan (the "Plan"), Independent Directors may elect to defer receipt of at least a portion of their annual compensation received from a Trust. Deferred amounts earn an approximate return for the Directors as though equivalent dollar amounts had been invested in common shares of certain Trusts selected by the Directors. This has the same economic effect for the Directors as if the Directors had invested the deferred amounts in such Trusts. The Plan is not funded and obligations thereunder represent general unsecured claims against the general assets of a Trust. A Trust may, however, elect to invest in common shares of those Trusts selected by the Directors in order to match its deferred compensation obligations. At a meeting of the Governance Committees held on October 22, 2002, the Independent Directors approved a change to their compensation to become effective January 1, 2003. Under this revised compensation plan, each Independent Director will receive an annual fee calculated as follows: (i) $6,000 from each Trust in the Fund Complex and (ii) $1,500 for each meeting of each Board in the Fund Complex attended by such Independent Director. The total aggregate compensation for each Independent Director is capped at $190,000 per annum from the Fund Complex, except for the lead director and Audit Committee members. The Independent Directors have voluntarily agreed that at least $30,000 of their $190,000 base fee will be mandatorily deferred pursuant to the Plan. Also, members of the audit committee of the Fund Complex will be required to defer all of the $20,000 per annum fee they will receive for their services on the audit committee pursuant to the Plan. * HOW LARGE A STAKE DO THE DIRECTORS HAVE IN THE TRUSTS? The Directors believe each Director should have a beneficial investment in the BlackRock closed-end Trusts. The Directors allocate their investments among the 44 active BlackRock closed-end Trusts based on their own investment needs. The ---------- (1) BYM, BCK, BAF and BSE are new Trusts and therefore have not yet accrued any fees. 7 table attached at Appendix E to this Proxy Statement sets forth the dollar range of equity securities beneficially owned and share equivalents held by each Director in all of the BlackRock closed-end Trusts as of February 28, 2003. THE BOARD OF EACH TRUST, INCLUDING THE INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDS THAT YOU VOTE "FOR" THE PROPOSAL. FURTHER INFORMATION ABOUT VOTING AND THE MEETING The cost of soliciting proxies will be borne by each of the Trusts in proportion to the amount of proxies solicited on behalf of each Trust. In addition, certain officers, directors and employees of each of the Trusts, Prudential Investments LLC, located at Gateway Center Three, 100 Mulberry Street, Newark, New Jersey 07102, Princeton Administrators L.P., located at 800 Scudders Mill Road, Plainsboro, New Jersey 08536, UBS Global Asset Management (US) Inc., located at 51 West 52nd Street, New York, New York 10019, and the Advisor, located at 100 Bellevue Parkway, Wilmington, Delaware 19809, (none of whom will receive additional compensation therefor) may solicit proxies by telephone or mail. Also, certain of the Trusts may employ Georgeson Shareholder Communications Inc. pursuant to its standard contract as proxy solicitor, the cost of which will be borne proportionately by each of the Trusts and is estimated to be approximately $3,500 (except for BHV, BZM, BLJ and BQH which will be approximately $2,500), per Trust. The affirmative vote of a plurality of the shares present at the Meeting at which a quorum is present is necessary to elect the Director nominees. Broker non-votes are shares held in street name for which instructions on a particular proposal have not been received from the beneficial owners or other persons entitled to vote and the broker does not have discretionary voting authority. Abstentions and broker non-votes will be counted as shares present for purposes of determining whether a quorum is present at the Meeting. Abstentions and broker non-votes will have no effect on the outcome of the vote on a Trust's Proposal. All properly executed proxies received prior to the Meeting will be voted at the Meeting in accordance with the instructions marked thereon or otherwise as provided therein. Shareholders may revoke their proxies at any time prior to the time they are voted by giving written notice to the Secretary of the Trust by delivering a subsequently dated proxy or by attending and voting at the Meeting. The Board of each Trust has fixed the close of business on February 28, 2003 as the record date for the determination of shareholders of each Trust entitled to notice of, and to vote at, the Meeting. Shareholders of each Trust on that date will be entitled to one vote on each matter to be voted on by that Trust for each share held and a fractional vote with respect to fractional shares with no cumulative voting rights. ADDITIONAL INFORMATION EXECUTIVE OFFICERS In addition to Messrs. Schlosstein and Kapito, all the following executive officers, except Messrs. Schaney and Klingert, hold the same position with each of the Trusts. With respect to Mr. Klingert, he is an officer of BRM, BLN, BFC, BRF, BKN, BMN, RAA, RFA, RNJ, RNY, BPS, BSD, BMT, BBF, BFK, BFZ, BNJ, BNY, BJZ, BPK, BLH, BBK, BZA, BIE, BZM, BLJ, BQH, BHV, BLE, BCL, BFY, BYM, BCK, BAF and BSE only. With respect to Mr. Schaney, he is an officer of BHY, BHK and BHD only. OTHER PRINCIPAL OCCUPATIONS NAME AND AGE TITLE IN PAST 5 YEARS ------------------ ------------------ ------------------------------------ Anne Ackerley Secretary Managing Director of BlackRock, Inc. Age: 41 since 2000. Formerly First Vice President and Chief Operating Officer, Mergers and Acquisitions Group at Merrill Lynch & Co. from 1997 to 2000; First Vice President and Chief Operating Officer, Public Finance Group at Merrill Lynch & Co. from 1995 to 1997; First Vice President, Emerging Markets Fixed Income Research at Merrill Lynch & Co. prior thereto. Henry Gabbay Treasurer Managing Director of BlackRock, Inc. Age: 55 and its predecessor entities. Kevin Klingert Vice President Managing Director of BlackRock, Inc. Age: 40 and its predecessor entities. 8 OTHER PRINCIPAL OCCUPATIONS NAME AND AGE TITLE IN PAST 5 YEARS ------------------ ------------------ ------------------------------------ James Kong Assistant Treasurer Managing Director of BlackRock, Inc. Age: 42 and its predecessor entities. Dennis Schaney Vice President Managing Director of BlackRock, Inc. Age: 46 and its predecessor entities and head of the High Yield Group since February 1998. Formerly, Managing Director Merrill Lynch & Co. in the Global Fixed Income Research and Economics Department. Richard Shea, Esq. Vice President/Tax Managing Director of BlackRock, Inc. Age: 43 since 2000; Chief Operating Officer and Chief Financial Officer of Anthracite Capital, Inc. since 1998. Formerly, Director of BlackRock, Inc. and its predecessor entities. INVESTMENT ADVISOR The Advisor is a wholly owned subsidiary of BlackRock, Inc. ("BlackRock"), which is one of the largest publicly traded investment management firms in the United States, with approximately $273 billion of assets under management as of December 31, 2002. BlackRock manages assets on behalf of institutions and individual investors worldwide, through a variety of equity, fixed income, liquidity and alternative investment separate accounts and mutual funds, including the BlackRock Funds and BlackRock Provident Institutional Funds. In addition, BlackRock provides risk management and investment system services to a growing number of institutional investors under the BlackRock Solutions name. Clients are served from BlackRock's headquarters in New York City, as well as offices in Wilmington, San Francisco, Boston, Edinburgh, Tokyo and Hong Kong. BlackRock is a member of The PNC Financial Services Group, Inc. (NYSE: "PNC"), one of the largest diversified financial services organizations in the United States, and is majority-owned by PNC and by BlackRock employees. The executive officers of the Advisor are: NAME POSITION ---- -------- Laurence D. Fink Chief Executive Officer Ralph L. Schlosstein President Robert S. Kapito Vice Chairman Robert P. Connolly General Counsel and Secretary Mr. Schlosstein is a Director of the Trusts and Mr. Kapito is an officer and Director of the Trusts. BlackRock Financial Management, Inc., an affiliate of the Advisor and a wholly owned subsidiary of BlackRock, currently serves as Sub-Advisor to BBF, BFK, BFZ, BNJ, BNY, BJZ, BPK, BLH, BHK, BHD, BYM, BCK, BAF, BSE, BLE, BFY, BCL, BZA, BBK, BIE, BLJ, BQH, BZM and BHV. INDEPENDENT AUDITORS Deloitte & Touche LLP ("D&T") has been selected as the independent auditor by a majority of each Trust's Board, including a majority of the Independent Directors by vote cast in person, to audit the accounts of each Trust for and during each Trust's fiscal year ending in 2003. None of the Trusts knows of any direct or indirect financial interest of D&T in the Trusts. Audit Fees(2) Each Trust has paid to D&T fees for professional services rendered for the audit of each Trust's annual financial statements for the most recent fiscal year (or period) in the following amounts: BKN $26,000 BHD $24,000 BHK $28,000 BRM $26,000 BRF $18,700 BBK $24,000 BFC $18,700 BLN $18,700 BZA $24,000 BKT $46,800 BCT $14,300 BIE $24,000 BQT $42,400 BHY $18,700 BZM $24,000 ---------- (2) As newly organized Trusts, BYM, BCK, BAF and BSE have not completed their initial fiscal years. 9 BMN $33,300 BAT $21,600 BLJ $24,000 RFA $7,300 RAA $7,300 BQH $24,000 RNY $7,300 RNJ $7,300 BHV $8,500 BPS $10,400 BMT $27,000 BLE $24,000 BNA $69,600 BSD $21,000 BCL $24,000 BFK $24,000 BBF $24,000 BFY $24,000 BNJ $24,000 BFZ $24,000 BYM $0 BJZ $24,000 BNY $24,000 BCK $0 BLH $24,000 BPK $24,000 BAF $0 BSE $0 Financial Information Systems Design and Implementation Fees The Trusts, the Advisor, and affiliates of the Advisor performing services for one or more Trusts paid no fees to D&T in any Trust's most recent fiscal year for information systems design and implementation. All Other Fees(3) Each Trust paid fees to D&T in the Trust's most recent fiscal year for services other than those described above in the following amounts: BKN $14,100 BRM $17,200 BBK $8,000 BFC $15,800 BRF $14,100 BZA $2,300 BLN $14,100 BCT $29,700 BIE $2,300 BKT $44,200 BHY $10,000 BZM $1,900 BQT $26,000 BAT $13,600 BLJ $2,000 BMN $18,400 RAA $200 BQH $2,100 RFA $200 RNJ $200 BHV $1,800 RNY $300 BMT $ 8,400 BLE $9,900 BPS $16,700 BSD $18,100 BCL $6,300 BNA $35,900 BBF $16,400 BFY $5,600 BFK $34,400 BFZ $24,600 BYM $0 BNJ $21,600 BNY $23,300 BCK $0 BJZ $20,000 BPK $22,600 BAF $0 BLH $19,500 BHK $12,500 BSE $0 BHD $ 2,600 The Advisor and affiliates of the Advisor performing services for one or more Trusts paid no fees to D&T in any Trust's most recent fiscal year for services other than those described above or for any other services. The Audit Committee of the Board of each Trust has concluded that the provision of services other than audit services, by D&T to the Trusts, the Advisor and affiliates of the Advisor that provide services to the Trusts, is compatible with maintaining D&T's independence in performing audit services. Representatives of D&T will attend the Meeting, will have the opportunity to make a statement if they desire to do so and will be available to answer questions. PRINCIPAL EXECUTIVE OFFICES The principal executive offices of BKN, BRM, BFC, BRF, BLN and BCT are located at 800 Scudders Mill Road, Plainsboro, New Jersey 08536, the principal executive offices of BKT, BHY, BQT, BAT, BMN, RAA, RFA, RNJ, RNY and BNA are located at Gateway Center Three, 100 Mulberry Street, Newark, New Jersey 07102, the principal executive office of BMT is located at 51 West 52nd Street, New York, New York 10019, and the principal executive offices of BPS, BSD, BBF, BFK, BFZ, BNJ, BNY, BJZ, BPK, BLH, BHK, BHD, BBK, BZA, BIE, BZM, BLJ, BQH, BHV, BLE, BCL, BFY, BYM, BCK, BAF, and BSE are located at 100 Bellevue Parkway, Wilmington, Delaware 19809. ---------- (3) As newly organized Trusts, BYM, BCK, BAF and BSE have not completed their initial fiscal years. 10 PRINCIPAL SHAREHOLDERS As of February 28, 2003, to the knowledge of each Trust, no person beneficially owned more than 5% of any Trust, except as set forth in the following table: AMOUNT OF NAME & ADDRESS OF BENEFICIAL PERCENT OF TRUST BENEFICIAL OWNER OWNERSHIP CLASS --- ------------------------------------ ---------- ---------- BRM Karpus Management, Inc. 2,099,994 7.7% 14 Tobey Village Office Park Pittsford, New York 14534 BNA Wachovia Corporation 8,716,688 27.8% One Wachovia Center Charlotte, North Carolina 28288-0137 BCT Karpus Management, Inc. 174,325 5.9% 14 Tobey Village Office Park Pittsford, New York 14534 BAT Karpus Management, Inc. 1,252,100 13.2% 14 Tobey Village Office Park Pittsford, New York 14534 BAT SIT Investment Associates, 889,100 9.4% Inc. 4600 Norwest Center 90 South Seventh Street Minneapolis, MN 55402 RAA M.H. Whittier Corporation, 242,400 24.1% James E. Greene, Arlo G. Sorensen, Michael J. Casey & Whittier Trust Company, 1600 Huntington Drive, South Pasadena, California 91030 With respect to the above chart, all shares are common shares. FINANCIAL STATEMENTS AND OTHER INFORMATION EACH TRUST WILL FURNISH, WITHOUT CHARGE, A COPY OF SUCH TRUST'S MOST RECENT ANNUAL REPORT AND THE MOST RECENT SEMI-ANNUAL REPORT SUCCEEDING THE ANNUAL REPORT, IF ANY, TO ANY SHAREHOLDER UPON REQUEST. REQUESTS SHOULD BE DIRECTED TO BLACKROCK ADVISORS, INC., 100 BELLEVUE PARKWAY, WILMINGTON, DE 19809 (TELEPHONE NUMBER (800) 227-7BFM (7236)). Monthly performance and other information regarding the Trusts may be found on BlackRock's website, which can be accessed at http://www.blackrock.com/funds/cefunds/index.html. This reference to BlackRock's website is intended to allow investors to access information regarding the Trusts and does not, and is not intended to, incorporate BlackRock's website into this Proxy Statement. SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE Section 16(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Section 30(h) of the 1940 Act require each Trust's officers and Directors, officers and directors of the Trusts' investment advisor, affiliated persons of the investment advisor, and persons who beneficially own more than ten percent of the Trusts' shares to file certain reports of ownership ("Section 16 filings") with the SEC and the New York Stock Exchange or the American Stock Exchange (as applicable) and each of the Trusts. As a convenience to the Directors, the Advisor assists the Directors and officers in making their Section 16 filings. Based upon each Trust's review of the copies of such forms effecting the Section 16 filings received by it, each Trust believes that for its fiscal year ended in 2002, all filings applicable to such persons were completed and filed, except for those instances discussed below. During fiscal year 2002, it came to the attention of the Trusts that, due to an administrative oversight, Form 5s had not been filed on behalf of Messrs. Cavanagh, Mondale, La Force, and Brimmer with respect to certain share equivalents credited to them in one or more of BCT, BKT, BNA, BHY, BAT and/or BQT pursuant to deemed quarterly investments under the Trusts' deferred compensation plan in fiscal years 2001 and 2002. For such quarterly deferred compensation transactions in 2000 and 2001, Form 5s in respect of 2000 and 2001 were filed in September of 2002. In addition, due to administrative oversight, Form 4 reports were filed late on behalf of each of Messrs. Brimmer (BAT, BKT and BQT), Cavanagh (BHK, BHY, BKT and BPK), La Force (BHD, BHY, BQT, BCT and BBK) and Kapito (BNJ). In addition, Section 30(h) of the 1940 Act requires that an investment company's investment advisor and the investment advisor's affiliates file Form 3s with respect to the Trusts. For each of BPS, BKT, BNA, BHY, BHK, BHD, BKN, BBF, BFK, BFZ, BNJ, BNY, BQT, BAT, BCT, BSD, BJZ, BPK, BLH, BZA, BBK, BIE, BLJ, BQH, BZM, BHV, BLE, BFY and BCL the Trust's investment advisor and/or certain affiliates of the investment advisor either acting as sub-advisor to a Trust or owning Trust shares filed late Form 3s in October of 2002. 11 PRIVACY PRINCIPLES OF THE TRUSTS The Trusts are committed to maintaining the privacy of shareholders and to safeguarding their non-public personal information. The following information is provided to help you understand what personal information the Trusts collect, how the Trusts protect that information and why, in certain cases, the Trusts may share information with select other parties. Generally, the Trusts do not receive any non-public personal information relating to their shareholders, although certain non-public personal information of their shareholders may become available to the Trusts. The Trusts do not disclose any non-public personal information about their shareholders or former shareholders to anyone, except as permitted by law or as is necessary in order to service shareholder accounts (for example, to a transfer agent or third party administrator). The Trusts restrict access to non-public personal information about the shareholders to employees of the Advisor with a legitimate business need for the information. The Trusts maintain physical, electronic and procedural safeguards designed to protect the non-public personal information of their shareholders. DEADLINE FOR SHAREHOLDER PROPOSALS Shareholder proposals intended for inclusion in the Trusts' proxy statement in connection with the Trusts' 2004 annual meeting of shareholders pursuant to Rule 14a-8 under the Exchange Act must be received by a Trust at such Trust's principal executive offices by December 16, 2003. In order for proposals made outside of Rule 14a-8 under the Exchange Act to be considered "timely" within the meaning of Rule 14a-4(c) under the Exchange Act, such proposals must be received by a Trust at the Trust's principal executive offices not later than March 1, 2004. OTHER MATTERS The management of the Trusts knows of no other matters which are to be brought before the Meeting. However, if any other matters not now known properly come before the Meeting, it is the intention of the persons named in the enclosed form of proxy to vote such proxy in accordance with their judgment on such matters. Very truly yours, RALPH L. SCHLOSSTEIN Chairman ROBERT S. KAPITO President April 15, 2003 12 APPENDIX A A list of the Trusts setting forth each Trust's full name, address and trading symbol is set forth below: NAME TRADING ---- SYMBOL ------- 800 SCUDDERS MILL ROAD PLAINSBORO, NEW JERSEY 08536 THE BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. BKN THE BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. BRM THE BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. BFC THE BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST BRF THE BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. BLN THE BLACKROCK BROAD INVESTMENT GRADE 2009 TERM TRUST INC. BCT GATEWAY CENTER THREE 100 MULBERRY STREET NEWARK, NEW JERSEY 07102 THE BLACKROCK INCOME TRUST INC. BKT THE BLACKROCK HIGH YIELD TRUST BHY THE BLACKROCK INVESTMENT QUALITY TERM TRUST INC. BQT THE BLACKROCK ADVANTAGE TERM TRUST INC. BAT THE BLACKROCK MUNICIPAL TARGET TERM TRUST INC. BMN THE BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. RAA THE BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST RFA THE BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. RNJ THE BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. RNY THE BLACKROCK INCOME OPPORTUNITY TRUST INC. BNA 51 WEST 52ND STREET NEW YORK, NEW YORK 10019 THE BLACKROCK INSURED MUNICIPAL TERM TRUST INC. BMT 100 BELLEVUE PARKWAY WILMINGTON, DELAWARE 19809 THE BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST BPS THE BLACKROCK STRATEGIC MUNICIPAL TRUST BSD BLACKROCK FLORIDA MUNICIPAL INCOME TRUST BBF BLACKROCK MUNICIPAL INCOME TRUST BFK BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST BFZ BLACKROCK NEW JERSEY MUNICIPAL INCOME TRUST BNJ BLACKROCK NEW YORK MUNICIPAL INCOME TRUST BNY BLACKROCK CALIFORNIA MUNICIPAL 2018 TERM TRUST BJZ BLACKROCK MUNICIPAL 2018 TERM TRUST BPK BLACKROCK NEW YORK MUNICIPAL 2018 TERM TRUST BLH BLACKROCK CORE BOND TRUST BHK BLACKROCK STRATEGIC BOND TRUST BHD BLACKROCK MUNICIPAL BOND TRUST BBK BLACKROCK CALIFORNIA MUNICIPAL BOND TRUST BZA BLACKROCK FLORIDA MUNICIPAL BOND TRUST BIE BLACKROCK MARYLAND MUNICIPAL BOND TRUST BZM BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST BLJ BLACKROCK NEW YORK MUNICIPAL BOND TRUST BQH BLACKROCK VIRGINIA MUNICIPAL BOND TRUST BHV BLACKROCK MUNICIPAL INCOME TRUST II BLE BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST II BCL BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II BFY BLACKROCK INSURED MUNICIPAL INCOME TRUST BYM BLACKROCK CALIFORNIA INSURED MUNICIPAL INCOME TRUST BCK BLACKROCK FLORIDA INSURED MUNICIPAL INCOME TRUST BAF BLACKROCK NEW YORK INSURED MUNICIPAL INCOME TRUST BSE A-1 APPENDIX B OUTSTANDING SHARES The following table sets forth the number of outstanding shares for each Trust at the close of business on February 28, 2003: TRUST OUTSTANDING SHARES OF OUTSTANDING SHARES OF COMMON STOCK PREFERRED STOCK BKN 16,707,093 5,862 BRM 27,207,093 10,840 BFC 10,407,093 4,182 BRF 8,707,093 3,366 BLN 11,257,093 4,382 BCT 2,957,093 ---- BKT 63,160,510 ---- BHY 6,360,010 ---- BQT 36,810,639 ---- BAT 9,510,667 ---- BMN 45,410,639 11,964 RAA 1,007,093 300 RFA 1,127,093 340 RNJ 1,007,093 300 RNY 1,307,093 392 BNA 34,449,693 ---- BMT 25,885,639 6,816 BPS 2,015,492 700 BSD 7,242,261 2,480 BBF 6,646,343 2,302 BFK 43,507,081 15,005 BFZ 14,985,501 5,278 BNJ 7,414,793 2,552 BNY 12,521,494 4,390 BJZ 6,433,028 2,221 BPK 15,908,028 5,504 BLH 3,633,028 1,256 BHK 27,018,774 ---- BHD 7,018,122 ---- BBK 10,123,055 3,620 BZA 3,351,150 1,199 BIE 3,309,483 1,191 BZM 2,013,427 720 BLJ 2,264,170 809 BQH 2,700,991 968 BHV 1,515,507 541 BLE 22,758,028 8,222 BCL 7,962,244 2,878 BFY 4,933,028 1,786 BYM 26,077,512 9,159 BCK 5,261,197 1,860 BAF 8,711,027 3,040 BSE 6,408,028 2,240 For each Trust in the above table, the class or classes of shares listed above are the only authorized class or classes of shares. B-1 APPENDIX C JOINT AUDIT COMMITTEE CHARTER OF THE BLACKROCK CLOSED-END TRUSTS (AS AMENDED THROUGH OCTOBER 22, 2002) STATEMENT OF PURPOSE The Joint Audit Committee of the BlackRock Closed-End Funds (the "Trusts", each a "Trust") is charged with providing informed, vigilant and effective oversight of the Trusts' financial reporting process and the internal controls which protect the integrity of the reporting process. RESPONSIBILITIES o Selecting, retaining, terminating and determining the compensation of the Trusts' auditors, including reviewing factors relating to the independence of the Trusts' public auditors. o Approving all audit and non-audit functions to be performed by the Trusts' public auditors. o Reviewing with the Trusts' auditors the overall scope of the audit. o Reviewing the Trusts' audited financial statements and audit results, including communications from the auditors relating to the Trusts' accounting practices, procedures and internal accounting controls. o Presenting the Trusts' interim financial statements at an Audit Committee meeting so that the Audit Committee has the opportunity to (i) review the materials before distribution to shareholders; and (ii) discuss any other matters related thereto as the Audit Committee deems necessary and appropriate. o Reviewing the adequacy of internal control systems, including internal audit activities and the security of electronic data processing, if any. o Reviewing such other matters regarding the Trusts' financial and accounting practices as it or the Boards of Directors may deem advisable. COMPOSITION The Audit Committee shall be composed of at least three members of the Boards of Directors, all of whom are "independent" as defined by the New York Stock Exchange listing standards and the American Stock Exchange listing standards, respectively. According to the NYSE listing standards, a member is independent if he/she has no relationship with the respective Trust that may interfere with the exercise of his/her independence from BlackRock and the Trust and is not (i) an employee of the Trust or BlackRock; (ii) a partner, controlling shareholder or executive officer of an organization that has a business relationship with the Trust or has a direct business relationship with the Trust; (iii) employed as an executive of another company for which an executive of the Trust serves on that company's compensation committee; and (iv) does not have an immediate family member who is an executive officer of the Trust or BlackRock. According to the AMEX listing standards, a member is independent if he/she is not an officer or employee of the Trust or a person having a relationship which, in the opinion of the Board of Directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director and (i) is not employed by the Trust or BlackRock for the current year or any of the past three years; (ii) did not receive compensation from the Trust or BlackRock in excess of $60,000 during the previous year, other than as compensation for board service, benefits under a tax-qualified retirement plan or non-discretionary compensation; (iii) does not have an immediate family member who is, or has been in any of the past three years, employed by the Trust or BlackRock; (iv) is not a partner in, or controlling shareholder or executive officer of, any for-profit business organization which received payments from or made payments to the Trust in excess of the greater of 5% gross revenue or $200,000 in any of the past three years; and (v) is not employed as an executive of another entity for which any of the Trust's executives serve on that entity's compensation committee. Each member must be financially literate (i.e., have a basic understanding of financial statements) and at least one member must have accounting or related financial management expertise. C-1 AUTHORITY The Audit Committee shall have the authority to institute investigations of suspected improprieties, including the standing authority to retain special counsel or seek assistance from experts. INTERACTION WITH MANAGEMENT Management of the Trusts shall inform the Audit Committee in advance of any proposed changes in accounting or financial reporting practices and of any other unusual events that could have a significant impact on the Trusts' financial statements. Management shall advise the Audit Committee in advance when it seeks a second opinion on a significant accounting issue from an accountant that is not the Trusts' independent auditor. The Trusts' internal auditor shall have direct independent access to the Audit Committee. RESOURCES The Boards of Directors shall ensure that the Audit Committee had adequate resources with which to discharge its responsibility. MEETINGS The Audit Committee shall meet on a regular basis and special meetings shall be called as circumstances require. The committee shall meet privately with any internal auditor and the independent public accountant whenever it believes that it is necessary to do so. REPORTING The Audit Committee shall report its activities to the Boards of Directors on a regular basis, so that the Boards are kept informed of its activities on a current basis. The Audit Committee shall also provide relevant proxy disclosure to the Trusts and determine satisfaction of the requirements that the committee has: (i) reviewed and discussed the audited financial statements with management of the Trusts; (ii) discussed with the independent auditors the matters required to be discussed by the Statements on Auditing Standards No. 61; (iii) received the written disclosures and the letter from the independent auditors required by ISB Standard No. 1 and has discussed with the auditors the auditors' independence; and (iv) whether it recommended to the Boards of Directors of the Trusts that the financial statements be included in the Trusts' Annual Report for the past fiscal year, as filed with the Securities and Exchange Commission. C-2 APPENDIX D DIRECTORS SHARE HOLDINGS The following chart lists the number of shares beneficially owned and the number of share equivalents owned by the Directors pursuant to the Directors' deferred compensation plan as of February 28, 2003. If a Trust is not listed, the Director does not own any shares or share equivalents of the Trust. TRUST SHARE SHARES EQUIVA- % OF SHARES DIRECTOR TRUST OWNED LENTS(1) OUTSTANDING ------------------------ ------- -------- --------- ------------ INTERESTED DIRECTORS: Ralph L. Schlosstein BKT 6,000 ---- (2) BAT 100 ---- BMN 100 ---- BMT 100 ---- BRM 100 ---- BKN 100 ---- BCT 100 ---- BQT 100 ---- BSD 100 ---- BHY 1,000 ---- BNA 1,500 ---- BFK 100 ---- BPK 100 ---- BHK 100 ---- BLN 100 ---- RNY 100 ---- BNY 100 ---- BLH 100 ---- BHD 100 ---- BBK 100 ---- BLE 100 ---- BYM 100 ---- BQH 100 ---- BFY 100 ---- BSE 100 ---- Robert S. Kapito BKT 1,880 ---- (2) BAT 10 ---- BMN 10 ---- BMT 10 ---- BRM 10 ---- BKN 10 ---- BCT 10 ---- BQT 10 ---- BSD 10 ---- BHY 10 ---- BNA 10 ---- BFK 10,010 ---- BPK 10 ---- BHK 10 ---- RNJ 1,000 ---- BNJ 45,000 ---- BHD 1,000 ---- BBK 1,000 ---- BLE 21,000 ---- BYM 100 ---- BLJ 1,000 ---- INDEPENDENT DIRECTORS: Andrew F. Brimmer BKT 110 1,526 (2) BAT 10 962 BMN 10 ---- BMT 10 ---- BRM 10 ---- BKN 10 ---- BCT 20 819 BQT 10 1,222 D-1 TRUST SHARE SHARES EQUIVA- % OF SHARES DIRECTOR TRUST OWNED LENTS(1) OUTSTANDING ------------------------ ------- -------- --------- ------------ Andrew F. Brimmer BSD 25 ---- (Continued) BHY 200 899 BNA 10 1,026 BFK 100 ---- BPK 25 ---- BHK 25 ---- BHD 25 ---- BBK 25 ---- BLE 25 ---- BYM 25 ---- Richard E. Cavanagh BKT 500 5,053 (2) BAT 100 ---- BMN 100 ---- BMT 100 ---- BRM 100 ---- BKN 500 ---- BCT 100 ---- BQT 100 ---- BSD 500 ---- BHY 200 3,345 BNA 100 ---- BFK 300 ---- BPK 300 ---- BHK 500 ---- BLN 100 ---- RNY 100 ---- BNY 300 ---- BLH 100 ---- BHD 300 ---- BBK 100 ---- BLE 100 ---- BYM 200 ---- BQH 100 ---- BFY 100 ---- BSE 200 ---- Kent Dixon BKT 10,000 ---- (2) BAT 100 ---- BMN 100 ---- BMT 100 ---- BRM 100 ---- BKN 100 ---- BCT 100 ---- BQT 100 ---- BSD 100 ---- BHY 5,000 ---- BNA 100 ---- BFK 100 ---- BPK 100 ---- BHK 100 ---- BRF 100 ---- RFA 100 ---- BBF 100 ---- BHD 100 ---- BBK 100 ---- BLE 100 ---- BYM 100 ---- BIE 100 ---- BAF 100 ---- D-2 TRUST SHARE SHARES EQUIVA- % OF SHARES DIRECTOR TRUST OWNED LENTS(1) OUTSTANDING ------------------------ ------- -------- --------- ------------ Frank J. Fabozzi BKT 10 ---- (2) BAT 10 ---- BMN 10 ---- BMT 10 ---- BRM 10 ---- BKN 10 ---- BCT 10 ---- BQT 10 ---- BSD 100 ---- BHY 10 ---- BNA 10 ---- BFK 20 ---- BPK 20 ---- BHK 20 ---- BPS 100 ---- BHD 100 ---- BBK 20 ---- BLE 10 ---- BYM 10 ---- James Clayburn BKT 10 10,566 (2) La Force, Jr. BAT 10 6,479 BMN 10 ---- BMT 10 ---- BRM 10 ---- BKN 10 ---- BCT 10 4,941 BQT 10 7,973 BSD 750 ---- BHY 1,000 7,177 BNA 10 7,042 BFK 100 ---- BPK 100 ---- BHK 100 234 BFC 3,410 ---- RAA 10 ---- BFZ 100 ---- BJZ 100 ---- BHD 50 223 BBK 50 ---- BLE 50 ---- BYM 1,000 ---- BZA 6,665 ---- BCL 50 ---- BCK 1,000 ---- Walter F. Mondale BKT 20 4,654 (2) BAT 20 2,909 BMN 1,020 ---- BMT 1,020 ---- BRM 20 ---- BKN 20 ---- BCT 20 2,155 BQT 20 3,437 BSD 20 ---- BHY 300 ---- BNA 20 3,063 BFK 20 ---- BPK 1,000 ---- BHK 1,000 262 BHD 20 268 BBK 20 ---- BLE 20 ---- BYM 50 ---- ---------- (1) Represents, as of February 28, 2003, the approximate number of share equivalents owned under the deferred compensation plan in each Trust by the Independent Directors of the Trusts who have participated in the deferred compensation plan. Share equivalents are held in cash accounts by each Trust on behalf of the Independent Directors in connection with the D-3 deferred compensation plan. Under the deferred compensation plan, BAT, BCT, BHY, BKT, BNA, BQT, BHD and BHK are eligible investments. Messrs. Schlosstein and Kapito are not eligible to participate in the deferred compensation plan. (2) Less than 1% of each Trust listed (including share equivalents). D-4 APPENDIX E The following table sets forth the dollar range of equity securities beneficially owned and share equivalents held by each Director as of February 28, 2003. If a Trust is not listed, the Director does not own any shares of the Trust.

AGGREGATE DOLLAR NAME DOLLAR RANGE OF EQUITY AGGREGATE DOLLAR DOLLAR RANGE OF SHARE RANGE OF EQUITY ---- SECURITIES IN EACH TRUST RANGE OF EQUITY EQUIVALENTS IN EACH TRUST SECURITIES AND ------------------------ SECURITIES OF ALL --------------------------- SHARE EQUIVALENTS TRUST DOLLAR RANGE TRUSTS(1) TRUST DOLLAR RANGE OF ALL THE TRUSTS(1) ----- ------------ ----------------- ----- ------------ -------------------- INTERESTED DIRECTORS: Ralph L. Schlosstein BKT $10,001-$50,000 Over $100,000 BKT ---- Over $100,000 BAT $1-$10,000 BAT ---- BMN $1-$10,000 BMN ---- BMT $1-$10,000 BMT ---- BRM $1-$10,000 BRM ---- BKN $1-$10,000 BKN ---- BCT $1-$10,000 BCT ---- BQT $1-$10,000 BQT ---- BSD $1-$10,000 BSD ---- BHY $10,001-$50,000 BHY ---- BNA $10,001-$50,000 BNA ---- BFK $1-$10,000 BFK ---- BPK $1-$10,000 BPK ---- BHK $1-$10,000 BHK ---- BLN $1-$10,000 BLN ---- RNY $1-$10,000 RNY ---- BNY $1-$10,000 BNY ---- BLH $1-$10,000 BLH ---- BHD $1-$10,000 BHD ---- BBK $1-$10,000 BBK ---- BLE $1-$10,000 BLE ---- BYM $1-$10,000 BYM ---- BQH $1-$10,000 BQH ---- BFY $1-$10,000 BFY ---- BSE $1-$10,000 BSE ---- Robert S. Kapito BKT $10,001-$50,000 Over $100,000 BKT ---- Over $100,000 BAT $1-$10,000 BAT ---- BMN $1-$10,000 BMN ---- BMT $1-$10,000 BMT ---- BRM $1-$10,000 BRM ---- BKN $1-$10,000 BKN ---- BCT $1-$10,000 BCT ---- BQT $1-$10,000 BQT ---- BSD $1-$10,000 BSD ---- BHY $1-$10,000 BHY ---- BNA $1-$10,000 BNA ---- BFK Over $100,000 BFK ---- BPK $1-$10,000 BPK ---- BHK $1-$10,000 BHK ---- RNJ $10,001-$50,000 RNJ ---- BNJ Over $100,000 BNJ ---- BHD $10,001-$50,000 BHD ---- BBK $10,001-$50,000 BBK ---- BLE Over $100,000 BLE ---- BYM $1-$10,000 BYM ---- BLJ $10,001-$50,000 BLJ ---- INDEPENDENT DIRECTORS: Andrew F. Brimmer BKT $1-$10,000 $1-$10,000 BKT $10,001-$50,000 $50,001-$100,000 BAT $1-$10,000 BAT $10,001-$50,000 BMN $1-$10,000 BMN ---- BMT $1-$10,000 BMT ---- BRM $1-$10,000 BRM ---- BKN $1-$10,000 BKN ---- BCT $1-$10,000 BCT $10,001-$50,000 BQT $1-$10,000 BQT $10,001-$50,000 BSD $1-$10,000 BSD ----

E-1

AGGREGATE DOLLAR NAME DOLLAR RANGE OF EQUITY AGGREGATE DOLLAR DOLLAR RANGE OF SHARE RANGE OF EQUITY ---- SECURITIES IN EACH TRUST RANGE OF EQUITY EQUIVALENTS IN EACH TRUST SECURITIES AND ------------------------ SECURITIES OF ALL --------------------------- SHARE EQUIVALENTS TRUST DOLLAR RANGE TRUSTS(1) TRUST DOLLAR RANGE OF ALL THE TRUSTS(1) ----- ------------ ----------------- ----- ------------ -------------------- Andrew F. Brimmer BHY $1-$10,000 BHY $10,001-$50,000 (Continued) BNA $1-$10,000 BNA ---- BFK $1-$10,000 BFK ---- BPK $1-$10,000 BPK ---- BHK $1-$10,000 BHK ---- BHD $1-$10,000 BHD ---- BBK $1-$10,000 BBK ---- BLE $1-$10,000 BLE ---- BYM $1-$10,000 BYM ---- Richard E. Cavanagh BKT $1-$10,000 $50,001-$100,000 BKT $10,001-$50,000 over $100,000 BAT $1-$10,000 BAT ---- BMN $1-$10,000 BMN ---- BMT $1-$10,000 BMT ---- BRM $1-$10,000 BRM ---- BKN $1-$10,000 BKN ---- BCT $1-$10,000 BCT ---- BQT $1-$10,000 BQT ---- BSD $1-$10,000 BSD ---- BHY $1-$10,000 BHY $10,001-$50,000 BNA $1-$10,000 BNA ---- BFK $1-$10,000 BFK ---- BPK $1-$10,000 BPK ---- BHK $1-$10,000 BHK ---- BLN $1-$10,000 BLN ---- RNY $1-$10,000 RNY ---- BNY $1-$10,000 BNY ---- BLH $1-$10,000 BLH ---- BHD $1-$10,000 BHD ---- BBK $1-$10,000 BBK ---- BLE $1-$10,000 BLE ---- BYM $1-$10,000 BYM ---- BQH $1-$10,000 BQH ---- BFY $1-$10,000 BFY ---- BSE $1-$10,000 BSE ---- Kent Dixon BKT $50,001- $100,000 over $100,000 BKT ---- over $100,000 BAT $1-$10,000 BAT ---- BMN $1-$10,000 BMN ---- BMT $1-$10,000 BMT ---- BRM $1-$10,000 BRM ---- BKN $1-$10,000 BKN ---- BCT $1-$10,000 BCT ---- BQT $1-$10,000 BQT ---- BSD $1-$10,000 BSD ---- BHY $50,001-$100,000 BHY ---- BNA $1-$10,000 BNA ---- BFK $1-$10,000 BFK ---- BPK $1-$10,000 BPK ---- BHK $1-$10,000 BHK ---- BRF $1-$10,000 BRF ---- RFA $1-$10,000 RFA ---- BBF $1-$10,000 BBF ---- BHD $1-$10,000 BHD ---- BBK $1-$10,000 BBK ---- BLE $1-$10,000 BLE ---- BYM $1-$10,000 BYM ---- BIE $1-$10,000 BIE ---- BAF $1-$10,000 BAF ---- Frank J. Fabozzi BKT $1-$10,000 $1-$10,000 BKT ---- $1-$10,000 BAT $1-$10,000 BAT ---- BMN $1-$10,000 BMN ---- BMT $1-$10,000 BMT ---- BRM $1-$10,000 BRM ---- BKN $1-$10,000 BKN ---- BCT $1-$10,000 BCT ---- BQT $1-$10,000 BQT ---- BSD $1-$10,000 BSD ---- BHY $1-$10,000 BHY ----

E-2

AGGREGATE DOLLAR NAME DOLLAR RANGE OF EQUITY AGGREGATE DOLLAR DOLLAR RANGE OF SHARE RANGE OF EQUITY ---- SECURITIES IN EACH TRUST RANGE OF EQUITY EQUIVALENTS IN EACH TRUST SECURITIES AND ------------------------ SECURITIES OF ALL --------------------------- SHARE EQUIVALENTS TRUST DOLLAR RANGE TRUSTS(1) TRUST DOLLAR RANGE OF ALL THE TRUSTS(1) ----- ------------ ----------------- ----- ------------ -------------------- Frank J. Fabozzi BNA $1-$10,000 BNA ---- (Continued) BFK $1-$10,000 BFK ---- BPK $1-$10,000 BPK ---- BHK $1-$10,000 BHK ---- BPS $1-$10,000 BPS ---- BHD $1-$10,000 BHD ---- BBK $1-$10,000 BBK ---- BLE $1-$10,000 BLE ---- BYM $1-$10,000 BYM ---- James Clayburn La BKT $1-$10,000 over $100,000 BKT $50,001-$100,000 over $100,000 Force, Jr. BAT $1-$10,000 BAT $50,001-$100,000 BMN $1-$10,000 BMN ---- BMT $1-$10,000 BMT ---- BRM $1-$10,000 BRM ---- BKN $1-$10,000 BKN ---- BCT $1-$10,000 BCT $50,001-$100,000 BQT $1-$10,000 BQT $50,001-$100,000 BSD $10,001-$50,000 BSD ---- BHY $10,001-$50,000 BHY $50,001-$100,000 BNA $1-$10,000 BNA $50,001-$100,000 BFK $1-$10,000 BFK ---- BPK $1-$10,000 BPK ---- BHK $1-$10,000 BHK $1-$10,000 BFC $50,001-$100,000 BFC ---- RAA $1-$10,000 RAA ---- BFZ $1-$10,000 BFZ ---- BJZ $1-$10,000 BJZ ---- BHD $1-$10,000 BHD $1-$10,000 BBK $1-$10,000 BBK ---- BLE $1-$10,000 BLE ---- BYM $10,001-$50,000 BYM ---- BZA $50,001-$100,000 BZA ---- BCL $1-$10,000 BCL ---- BCK $10,001-$50,000 BCK ---- Walter F. Mondale BKT $1-$10,000 $50,001-$100,000 BKT $10,001-$50,000 over $100,000 BAT $1-$10,000 BAT $10,001-$50,000 BMN $10,001-$50,000 BMN ---- BMT $10,001-$50,000 BMT ---- BRM $1-$10,000 BRM ---- BKN $1-$10,000 BKN ---- BCT $1-$10,000 BCT $10,001-$50,000 BQT $1-$10,000 BQT $10,001-$50,000 BSD $1-$10,000 BSD ---- BHY $1-$10,000 BHY ---- BNA $1-$10,000 BNA $10,001-$50,000 BFK $1-$10,000 BFK ---- BPK $10,001-$50,000 BPK ---- BHK $10,001-$50,000 BHK $1-$10,000 BHD $1-$10,000 BHD $1-$10,000 BBK $1-$10,000 BBK ---- BLE $1-$10,000 BLE ---- BYM $1-$10,000 BYM ----

---------- (1) Messrs. Kapito and Schlosstein and are not eligible to participate in the deferred compensation plan. Therefore, they own the same amount of equity securities without share equivalents as equity securities including share equivalents. E-3 [This Page Intentionally Left Blank] [This Page Intentionally Left Blank] THE BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bkn [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ROBERT S. KAPITO, (02) JAMES CLAYBURN LA FORCE, JR., (03) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of the Blackrock Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) RICHARD E. CAVANAGH, (02) ROBERT S. KAPITO, (03) JAMES CLAYBURN LA FORCE, JR., (04) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. -------------------------------------------------------------------------------- PREFERRED STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. PREFERRED STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of preferred stock of The BlackRock Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/brm [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ROBERT S. KAPITO, (02) JAMES CLAYBURN LA FORCE, JR., (03) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) RICHARD E. CAVANAGH, (02) ROBERT S. KAPITO, (03) JAMES CLAYBURN LA FORCE, JR., (04) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. -------------------------------------------------------------------------------- PREFERRED STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. PREFERRED STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of preferred stock of The BlackRock Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bfc [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ROBERT S. KAPITO, (02) JAMES CLAYBURN LA FORCE, JR., (03) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock California Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) RICHARD E. CAVANAGH, (02) ROBERT S. KAPITO, (03) JAMES CLAYBURN LA FORCE, JR., (04) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. -------------------------------------------------------------------------------- PREFERRED STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. PREFERRED STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of preferred stock of The BlackRock California Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- THE BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of The BlackRock Florida Insured Municipal 2008 Term Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of The BlackRock Florida Insured Municipal 2008 Term Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bln [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ROBERT S. KAPITO, (02) JAMES CLAYBURN LA FORCE, JR., (03) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock New York Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) RICHARD E. CAVANAGH, (02) ROBERT S. KAPITO, (03) JAMES CLAYBURN LA FORCE, JR., (04) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. -------------------------------------------------------------------------------- PREFERRED STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. PREFERRED STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of preferred stock of The BlackRock New York Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK BROAD INVESTMENT GRADE 2009 TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bct [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO, (04) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK BROAD INVESTMENT GRADE 2009 TERM TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK BROAD INVESTMENT GRADE 2009 TERM TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock Broad Investment Grade 2009 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK INCOME TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bkt [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) FRANK FABOZZI, (02) ROBERT S. KAPITO, (03) WALTER F. MONDALE, (04) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK INCOME TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK INCOME TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock Income Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK HIGH YIELD TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bhy [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK HIGH YIELD TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK HIGH YIELD TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of The BlackRock High Yield Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK INVESTMENT QUALITY TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bqt [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) FRANK FABOZZI, (02) ROBERT S. KAPITO, (03) WALTER F. MONDALE, (04) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK INVESTMENT QUALITY TERM TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK INVESTMENT QUALITY TERM TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock Investment Quality Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK ADVANTAGE TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bat [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO, (04) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK ADVANTAGE TERM TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK ADVANTAGE TERM TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock Advantage Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK MUNICIPAL TARGET TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bmn [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ROBERT S. KAPITO, (02) WALTER F. MONDALE, (03) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK MUNICIPAL TARGET TERM TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK MUNICIPAL TARGET TERM TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock Municipal Target Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK MUNICIPAL TARGET TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) FRANK FABOZZI, (02) ROBERT S. KAPITO, (03) WALTER F. MONDALE, (04) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK MUNICIPAL TARGET TERM TRUST INC. -------------------------------------------------------------------------------- PREFERRED STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK MUNICIPAL TARGET TERM TRUST INC. PREFERRED STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of preferred stock of The BlackRock Municipal Target Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/raa [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO, (04) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock California Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO, (04) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. -------------------------------------------------------------------------------- PREFERRED STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. PREFERRED STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of preferred stock of The BlackRock California Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of The BlackRock Florida Investment Quality Municipal Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of The BlackRock Florida Investment Quality Municipal Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/rnj [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO, (04) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock New Jersey Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO, (04) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. -------------------------------------------------------------------------------- PREFERRED STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. PREFERRED STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of preferred stock of The BlackRock New Jersey Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/rny [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO, (04) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock New York Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO, (04) WALTER F. MONDALE [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. -------------------------------------------------------------------------------- PREFERRED STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. PREFERRED STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of preferred stock of The BlackRock New York Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK INCOME OPPORTUNITY TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bna [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) FRANK FABOZZI, (02) ROBERT S. KAPITO, (03) WALTER F. MONDALE, (04) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK INCOME OPPORTUNITY TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK INCOME OPPORTUNITY TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock Income Opportunity Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK INSURED MUNICIPAL TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bmt [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ROBERT S. KAPITO, (02) WALTER F. MONDALE, (03) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK INSURED MUNICIPAL TERM TRUST INC. -------------------------------------------------------------------------------- COMMON STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK INSURED MUNICIPAL TERM TRUST INC. COMMON STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of common stock of The BlackRock Insured Municipal Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK INSURED MUNICIPAL TERM TRUST INC. C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) FRANK FABOZZI, (02) ROBERT S. KAPITO, (03) WALTER F. MONDALE, (04) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK INSURED MUNICIPAL TERM TRUST INC. -------------------------------------------------------------------------------- PREFERRED STOCK Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK INSURED MUNICIPAL TERM TRUST INC. PREFERRED STOCK THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the shares of preferred stock of The BlackRock Insured Municipal Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Stockholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bps [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of The BlackRock Pennsylvania Strategic Municipal Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of The BlackRock Pennsylvania Strategic Municipal Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK STRATEGIC MUNICIPAL TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER ----------------------- ----------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY.

----------------------------------------------------- ----------------------------------------------------- VOTE-BY-INTERNET VOTE-BY-TELEPHONE 1. LOG ON TO THE INTERNET AND GO TO [Graphic Omitted] 1. CALL TOLL-FREE [Graphic Omitted] http://www.eproxyvote.com/bsd 1-877-PRX-VOTE (1-877-779-8683) OR 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED FOLLOW THE EASY RECORDED INSTRUCTIONS. WEBSITE. ----------------------------------------------------- -----------------------------------------------------

IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK STRATEGIC MUNICIPAL TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK STRATEGIC MUNICIPAL TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of The Blackrock Strategic Municipal Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be Held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- THE BLACKROCK STRATEGIC MUNICIPAL TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Directors: (01) ANDREW F. BRIMMER, (02) KENT DIXON, (03) ROBERT S. KAPITO [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- THE BLACKROCK STRATEGIC MUNICIPAL TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY THE BLACKROCK STRATEGIC MUNICIPAL TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of The BlackRock Strategic Municipal Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK FLORIDA MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bbf [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) WALTER F. MONDALE, (02) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK FLORIDA MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK FLORIDA MUNICIPAL INCOME TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Florida Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK FLORIDA MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) FRANK FABOZZI, (02) WALTER F. MONDALE, (03) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK FLORIDA MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK FLORIDA MUNICIPAL INCOME TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Florida Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bfk [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) WALTER F. MONDALE, (02) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK MUNICIPAL INCOME TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) FRANK FABOZZI, (02) WALTER F. MONDALE, (03) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK MUNICIPAL INCOME TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bfz [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) WALTER F. MONDALE, (02) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock California Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) FRANK FABOZZI, (02) WALTER F. MONDALE, (03) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock California Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW JERSEY MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bnj [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) WALTER F. MONDALE, (02) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK NEW JERSEY MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW JERSEY MUNICIPAL INCOME TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock New Jersey Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW JERSEY MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) FRANK FABOZZI, (02) WALTER F. MONDALE, (03) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK NEW JERSEY MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW JERSEY MUNICIPAL INCOME TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock New Jersey Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) Richard E. Cavanagh, (02) James Clayburn La Force, Jr. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock New Jersey Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW YORK MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bny [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) WALTER F. MONDALE, (02) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK NEW YORK MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW YORK MUNICIPAL INCOME TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock New York Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW YORK MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) FRANK FABOZZI, (02) WALTER F. MONDALE, (03) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK NEW YORK MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW YORK MUNICIPAL INCOME TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock New York Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL 2018 TERM TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bjz [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) WALTER F. MONDALE, (02) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL 2018 TERM TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK CALIFORNIA MUNICIPAL 2018 TERM TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock California Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL 2018 TERM TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) FRANK FABOZZI, (02) WALTER F. MONDALE, (03) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL 2018 TERM TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK CALIFORNIA MUNICIPAL 2018 TERM TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock California Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK MUNICIPAL 2018 TERM TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bpk [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) WALTER F. MONDALE, (02) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK MUNICIPAL 2018 TERM TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK MUNICIPAL 2018 TERM TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK MUNICIPAL 2018 TERM TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) FRANK FABOZZI, (02) WALTER F. MONDALE, (03) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK MUNICIPAL 2018 TERM TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK MUNICIPAL 2018 TERM TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW YORK MUNICIPAL 2018 TERM TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/blh [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) WALTER F. MONDALE, (02) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK NEW YORK MUNICIPAL 2018 TERM TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW YORK MUNICIPAL 2018 TERM TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock New York Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW YORK MUNICIPAL 2018 TERM TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) FRANK FABOZZI, (02) WALTER F. MONDALE, (03) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK NEW YORK MUNICIPAL 2018 TERM TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW YORK MUNICIPAL 2018 TERM TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock New York Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK CORE BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bhk [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) FRANK FABOZZI, (02) WALTER F. MONDALE, (03) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK CORE BOND TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK CORE BOND TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Core Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK STRATEGIC BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bhd [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) FRANK FABOZZI, (02) WALTER F. MONDALE, (03) RALPH L. SCHLOSSTEIN [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK STRATEGIC BOND TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK STRATEGIC BOND TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Strategic Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bbk [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK MUNICIPAL BOND TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK MUNICIPAL BOND TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bza [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR., [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK CALIFORNIA MUNICIPAL BOND TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock California Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK CALIFORNIA MUNICIPAL BOND TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock California Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK FLORIDA MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bie [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK FLORIDA MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK FLORIDA MUNICIPAL BOND TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock Florida Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK FLORIDA MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH (02) JAMES CLAYBURN LA FORCE, JR., [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK FLORIDA MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK FLORIDA MUNICIPAL BOND TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock Florida Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK MARYLAND MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bzm [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK MARYLAND MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK MARYLAND MUNICIPAL BOND TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock Maryland Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK MARYLAND MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK MARYLAND MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK MARYLAND MUNICIPAL BOND TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock Maryland Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/blj [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock New Jersey Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock New Jersey Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW YORK MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bqh [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK NEW YORK MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW YORK MUNICIPAL BOND TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock New York Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW YORK MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK NEW YORK MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW YORK MUNICIPAL BOND TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock New York Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK VIRGINIA MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bhv [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK VIRGINIA MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK VIRGINIA MUNICIPAL BOND TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock Virginia Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK VIRGINIA MUNICIPAL BOND TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK VIRGINIA MUNICIPAL BOND TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK VIRGINIA MUNICIPAL BOND TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock Virginia Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK MUNICIPAL INCOME TRUST II C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/ble [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK MUNICIPAL INCOME TRUST II -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK MUNICIPAL INCOME TRUST II COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock Municipal Income Trust II (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK MUNICIPAL INCOME TRUST II C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK MUNICIPAL INCOME TRUST II -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK MUNICIPAL INCOME TRUST II PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock Municipal Income Trust II (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST II C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bcl [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST II -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST II COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock California Municipal Income Trust II (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST II C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST II -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST II PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock California Municipal Income Trust II (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bfy [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock New York Municipal Income Trust II (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock New York Municipal Income Trust II (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK INSURED MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bym [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK INSURED MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK INSURED MUNICIPAL INCOME TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK INSURED MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK INSURED MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK INSURED MUNICIPAL INCOME TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK CALIFORNIA INSURED MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bck [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK CALIFORNIA INSURED MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK CALIFORNIA INSURED MUNICIPAL INCOME TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock California Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK CALIFORNIA INSURED MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK CALIFORNIA INSURED MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK CALIFORNIA INSURED MUNICIPAL INCOME TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock California Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK FLORIDA INSURED MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/baf [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK FLORIDA INSURED MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK FLORIDA INSURED MUNICIPAL INCOME TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock Florida Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK FLORIDA INSURED MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK FLORIDA INSURED MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK FLORIDA INSURED MUNICIPAL INCOME TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of Blackrock Florida Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW YORK INSURED MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 VOTER CONTROL NUMBER -------------------------- -------------------------- YOUR VOTE IS IMPORTANT. PLEASE VOTE IMMEDIATELY. VOTE-BY-INTERNET 1. LOG ON TO THE INTERNET AND GO TO http://www.eproxyvote.com/bse [COMPUTER LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY STEPS OUTLINED ON THE SECURED WEBSITE. OR VOTE-BY-TELEPHONE 1. CALL TOLL-FREE 1-877-PRX-VOTE (1-877-779-8683) [TELEPHONE LOGO] 2. ENTER YOUR VOTER CONTROL NUMBER LISTED ABOVE AND FOLLOW THE EASY RECORDED INSTRUCTIONS. IF YOU VOTE OVER THE INTERNET OR BY TELEPHONE, PLEASE DO NOT MAIL YOUR CARD. DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustee: (01) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD NOMINEE FROM NOMINEE -------------------------------------------------------------------------------- BLACKROCK NEW YORK INSURED MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- COMMON SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW YORK INSURED MUNICIPAL INCOME TRUST COMMON SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock New York Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- --------------------------------------------- BLACKROCK NEW YORK INSURED MUNICIPAL INCOME TRUST C/O EQUISERVE TRUST COMPANY N.A. P.O. BOX 8694 EDISON, NJ 08818-8694 DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL [X] PLEASE MARK VOTES AS IN THIS EXAMPLE. 1.Election of Trustees: (01) RICHARD E. CAVANAGH, (02) JAMES CLAYBURN LA FORCE, JR. [ ] FOR [ ] WITHHOLD ALL FROM ALL NOMINEES NOMINEES [ ] _________________________________________ For all nominees except as noted above -------------------------------------------------------------------------------- BLACKROCK NEW YORK INSURED MUNICIPAL INCOME TRUST -------------------------------------------------------------------------------- PREFERRED SHARES Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] Please be sure to sign and date this Proxy. Signature: _____________________________ Date: _______________________ Co-owner Signature: _____________________________ Date: _______________________ DETACH HERE IF YOU ARE RETURNING YOUR PROXY CARD BY MAIL PROXY BLACKROCK NEW YORK INSURED MUNICIPAL INCOME TRUST PREFERRED SHARES THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of BlackRock New York Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2003 at the Annual Meeting of Shareholders of the Trust to be held on May 22, 2003 or at any adjournments or postponements thereof. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. -------------------------------------------------------------------------------- PLEASE MARK BOXES IN BLUE OR BLACK INK. SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE. -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? --------------------------------------------- --------------------------------------------- --------------------------------------------- DO YOU HAVE ANY COMMENTS? --------------------------------------------- --------------------------------------------- ---------------------------------------------