Early Declaration of Regular Distributions and Declaration of Special Distribution Announced for BlackRock Municipal 2020 Term Trust

NEW YORK--()--The Board of Trustees of BlackRock Municipal 2020 Term Trust (NYSE:BKK, the “Fund”) today announced the early declaration of regular monthly distributions for February, March and April 2015 and the declaration of a special distribution of tax-exempt income payable in April 2015. The applicable dates and amounts are detailed below.

Early Declaration of Regular Monthly Distributions:

February 2015 Distribution:
Declaration- 1/2/2015     Ex-Date- 2/11//2015     Record- 2/13/2015     Payable- 3/2/2015
March 2015 Distribution:
Declaration- 1/2/2015 Ex-Date- 3/11/2015 Record- 3/13/2015 Payable- 4/1/2015
April 2015 Distribution:
Declaration- 1/2/2015 Ex-Date- 4/13/2015 Record- 4/15/2015 Payable- 4/30/2015

Monthly Per-Share Distribution Amount:

Fund     Ticker     Distribution    

From Prior

BlackRock Municipal 2020 Term Trust BKK $0.054000 -

Declaration of Special Distribution of Tax-Exempt Income

Declaration- 1/2/2015     Ex-Date- 4/13/2015     Record- 4/15/2015     Payable- 4/30/2015
Fund     Ticker     Per-Share Distribution
BlackRock Municipal 2020 Term Trust BKK $0.003100

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2014, BlackRock’s AUM was $4.525 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of September 30, 2014, the firm had approximately 12,100 employees in more than 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company’s website at www.blackrock.com | Twitter: @blackrock_news | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock

Forward-Looking Statements

This press release, and other statements that BlackRock or the Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in the Fund’s net asset value; (2) the relative and absolute investment performance of the Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Fund with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Fund. The information contained on BlackRock’s website is not a part of this press release.


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