0000891092-14-005045.txt : 20140630 0000891092-14-005045.hdr.sgml : 20140630 20140630162707 ACCESSION NUMBER: 0000891092-14-005045 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140630 DATE AS OF CHANGE: 20140630 EFFECTIVENESS DATE: 20140630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK BALANCED CAPITAL FUND, INC. CENTRAL INDEX KEY: 0000110055 IRS NUMBER: 132757134 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 002-49007 FILM NUMBER: 14949311 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08536 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08536 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BALANCED CAPITAL FUND INC DATE OF NAME CHANGE: 20051214 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BALANCE CAPITAL FUND INC DATE OF NAME CHANGE: 20000831 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH CAPITAL FUND INC DATE OF NAME CHANGE: 19920703

0000110055 S000002175 BLACKROCK BALANCED CAPITAL FUND, INC.

C000005578 Investor A

C000005579 Investor B

C000005580 Investor C

C000005581 Institutional

C000005582 Class R

497K 1 e59455-497k.htm FORM 497K

BBIF Tax-Exempt Fund	BlackRock Index Funds, Inc. BlackRock International Index Fund BlackRock Small Cap Index Fund

BIF Multi-State Municipal Series Trust BIF California Municipal Money Fund BIF Connecticut Municipal Money Fund BIF Massachusetts Municipal Money Fund BIF Michigan Municipal Money Fund BIF New Jersey Municipal Money Fund BIF New York Municipal Money Fund BIF Ohio Municipal Money Fund BIF Pennsylvania Municipal Money Fund	BlackRock Large Cap Series Funds, Inc. BlackRock Large Cap Core Fund BlackRock Large Cap Core Plus Fund BlackRock Large Cap Core Retirement Portfolio BlackRock Large Cap Growth Fund BlackRock Large Cap Growth Retirement Portfolio BlackRock Large Cap Value Fund BlackRock Large Cap Value Retirement Portfolio

BIF Tax-Exempt Fund	BlackRock Latin America Fund, Inc.

BlackRock Basic Value Fund, Inc.	BlackRock Mid Cap Value Opportunities Series, Inc. BlackRock Mid Cap Value Opportunities Fund

BlackRock Balanced Capital Fund, Inc.	BlackRock Multi-State Municipal Series Trust BlackRock New Jersey Municipal Bond Fund BlackRock New York Municipal Bond Fund BlackRock Pennsylvania Municipal Bond Fund

BlackRock California Municipal Series Trust BlackRock California Municipal Bond Fund	BlackRock Municipal Bond Fund, Inc. BlackRock High Yield Municipal Fund BlackRock National Municipal Fund BlackRock Short-Term Municipal Fund

BlackRock Capital Appreciation Fund, Inc.	BlackRock Municipal Series Trust BlackRock Strategic Municipal Opportunities Fund

BlackRock Emerging Markets Fund, Inc.	BlackRock Natural Resources Trust

BlackRock Equity Dividend Fund	BlackRock Pacific Fund, Inc.

BlackRock EuroFund

BlackRock Focus Growth Fund, Inc.	BlackRock Value Opportunities Fund, Inc.

BlackRock Global Allocation Fund, Inc.

BlackRock Global SmallCap Fund, Inc.	Managed Account Series Global SmallCap Portfolio Mid Cap Value Opportunities Portfolio

(each, a “Fund” and collectively, the “Funds”)

Supplement dated June 30, 2014 to the Summary Prospectus of each Fund

Effective July 1, 2014, the sub-advisory agreements between BlackRock Advisors, LLC (“BlackRock”) and BlackRock Investment Management, LLC (“BIM”) with respect to the Funds expired. BlackRock will remain as the investment adviser to each Fund and will provide investment advisory services to each Fund pursuant to the applicable investment advisory agreement currently in effect with BlackRock. To the extent a Fund has other sub-advisory arrangements in place, they will not be impacted by this change. The same portfolio management teams will continue to manage the Funds and there will be no change in the advisory fee rates payable by the Funds to BlackRock as a result of the expiration of the sub-advisory agreements.

References in each Fund’s summary prospectus to BIM currently serving as a sub-adviser to the Fund are hereby deleted. For information about the investment advisory arrangements for the Fund and BlackRock, see “Management of the Fund(s) — BlackRock” in the Fund’s prospectus.

For purposes of this supplement and where applicable, the term “Fund” may refer to the master portfolio in which a Fund invests its assets.

Shareholders should retain this Supplement for future reference.

SPRO-BIM-0614SUP