(each, a Fund and collectively, the Funds)
Supplement dated September 28, 2017 to the Prospectuses of each Fund
Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the Original Shares) will be converted into other existing share classes of the Funds (the New Shares) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Funds 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Funds Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders.
Fund |
Original |
New Shares | |||||
BlackRock Advantage Large Cap Core Fund |
Investor B | Investor A | |||||
BlackRock Advantage Large Cap Growth Fund |
Investor B | Investor A | |||||
BlackRock Advantage Large Cap Value Fund |
Investor B | Investor A | |||||
BlackRock All-Cap Energy & Resources Portfolio |
Investor B | Investor A | |||||
BlackRock Balanced Capital Fund, Inc. |
Investor B | Investor A | |||||
BlackRock Basic Value Fund, Inc. |
Investor B | Investor A | |||||
BlackRock Capital Appreciation Fund, Inc. |
Investor B | Investor A | |||||
BlackRock Energy & Resources Portfolio |
Investor B | Investor A |
Fund |
Original |
New Shares | |||||
BlackRock Equity Dividend Fund |
Investor B | Investor A | |||||
BlackRock Global Allocation Fund, Inc. |
Investor B | Investor A | |||||
BlackRock Global SmallCap Fund, Inc. |
Investor B | Investor A | |||||
BlackRock Health Sciences Opportunities Portfolio |
Investor B | Investor A | |||||
BlackRock High Equity Income Fund |
Investor B | Investor A | |||||
BlackRock High Yield Bond Portfolio |
Investor B | Investor A | |||||
BlackRock High Yield Bond Portfolio |
Investor B1 | Investor A | |||||
BlackRock International Dividend Fund |
Investor B | Investor A | |||||
BlackRock Large Cap Focus Growth Fund |
Investor B | Investor A | |||||
BlackRock Latin America Fund, Inc. |
Investor B | Investor A | |||||
BlackRock Long-Horizon Equity Fund |
Investor B | Investor A | |||||
BlackRock Mid-Cap Growth Equity Portfolio |
Investor B | Investor A | |||||
BlackRock Money Market Portfolio |
Investor B | Investor A | |||||
BlackRock National Municipal Fund |
Investor B | Investor A | |||||
BlackRock Natural Resources Trust |
Investor B | Investor A | |||||
BlackRock Tactical Opportunities Fund |
Investor B | Investor A | |||||
BlackRock Total Return Fund |
Investor B | Investor A | |||||
BlackRock U.S. Government Bond Portfolio |
Investor B1 | Investor A | |||||
BlackRock Value Opportunities Fund, Inc. |
Investor B | Investor A |
Shareholders should retain this Supplement for future reference.
ALLPR-MULTI-0917SUP