Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BlackRock New York Municipal Bond Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

BlackRock Advisors, LLC announced today that the Board of Trustees of BlackRock New York Municipal Bond Trust (NYSE:BQH), a closed-end fund, and the Board of Trustees of BlackRock Multi-State Municipal Series Trust ("Multi-State Municipal Series Trust") approved the merger of BQH into BlackRock New York Municipal Opportunities Fund ("NYMO" and together with BQH, the "Funds"), an open-end mutual fund and a series of Multi-State Municipal Series Trust, with NYMO being the surviving Fund (the "Merger"). The Merger would provide common shareholders of BQH with shares of an open-end fund that may be redeemed on a daily basis at net asset value.