0000891092-11-002242.txt : 20110401 0000891092-11-002242.hdr.sgml : 20110401 20110401170200 ACCESSION NUMBER: 0000891092-11-002242 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110401 DATE AS OF CHANGE: 20110401 EFFECTIVENESS DATE: 20110401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK MUNICIPAL BOND FUND, INC. CENTRAL INDEX KEY: 0000225635 IRS NUMBER: 132896246 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-57354 FILM NUMBER: 11732322 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH MUNICIPAL BOND FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ONE LIBERTY MUNICIPAL BOND FUND INC DATE OF NAME CHANGE: 19780622 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK BOND FUND, INC. CENTRAL INDEX KEY: 0000276463 IRS NUMBER: 132949519 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-62329 FILM NUMBER: 11732327 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BOND FUND INC DATE OF NAME CHANGE: 20030804 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH CORPORATE BOND FUND INC/NY DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH HIGH INCOME FUND INC - CORRECTED NAME CHANGE DATE OF NAME CHANGE: 19600201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK FOCUS VALUE FUND, INC. CENTRAL INDEX KEY: 0000701960 IRS NUMBER: 133114958 STATE OF INCORPORATION: MD FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-77068 FILM NUMBER: 11732325 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH FOCUS VALUE FUND DATE OF NAME CHANGE: 20001006 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH PHOENIX FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK HEALTHCARE FUND, INC. CENTRAL INDEX KEY: 0000709140 IRS NUMBER: 133143879 STATE OF INCORPORATION: MA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-80150 FILM NUMBER: 11732329 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 HEALTHCARE FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SCI TECH INC DATE OF NAME CHANGE: 19830216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK INTERNATIONAL VALUE TRUST CENTRAL INDEX KEY: 0000759829 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-96219 FILM NUMBER: 11732323 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK FUNDS II DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: MERCURY FUNDS II DATE OF NAME CHANGE: 20020910 FORMER COMPANY: FORMER CONFORMED NAME: MERCURY HW FUNDS DATE OF NAME CHANGE: 20001006 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK FUNDS CENTRAL INDEX KEY: 0000844779 IRS NUMBER: 510318674 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-26305 FILM NUMBER: 11732326 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: COMPASS CAPITAL FUNDS\ DATE OF NAME CHANGE: 19961114 FORMER COMPANY: FORMER CONFORMED NAME: PNC FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NCP FUNDS DATE OF NAME CHANGE: 19890511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK UTILITIES & TELECOMMUNICATIONS FUND, INC. CENTRAL INDEX KEY: 0000868452 IRS NUMBER: 223072498 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-37103 FILM NUMBER: 11732328 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH UTILITIES & TELECOMMUNICATIONS FUND INC DATE OF NAME CHANGE: 20020325 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH UTILITIES & COMMUNICATIONS FUND INC DATE OF NAME CHANGE: 20020307 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH GLOBAL UTILITY FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK GLOBAL GROWTH FUND, INC. CENTRAL INDEX KEY: 0001043434 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-32899 FILM NUMBER: 11732324 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH GLOBAL GROWTH FUND INC DATE OF NAME CHANGE: 19970805 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK SHORT TERM BOND SERIES, INC. CENTRAL INDEX KEY: 0001119261 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-43552 FILM NUMBER: 11732321 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH INVESTMENT MANAGERS FUNDS INC DATE OF NAME CHANGE: 20000712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Managed Account Series CENTRAL INDEX KEY: 0001323737 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0412 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-124463 FILM NUMBER: 11732320 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Funds II CENTRAL INDEX KEY: 0001398078 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-142592 FILM NUMBER: 11732319 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Fixed Income Trust DATE OF NAME CHANGE: 20070501 0000225635 S000002332 BlackRock Municipal Fund C000006110 Investor A C000006111 Investor B C000006112 Investor C1 C000006113 Institutional C000038032 Investor C 0000276463 S000004072 BlackRock High Income Fund C000011392 Investor A C000011393 Investor B C000011394 Investor C1 C000011395 Institutional C000037622 Investor C 0000701960 S000002519 BLACKROCK FOCUS VALUE FUND, INC. C000006947 Investor A C000006948 Investor B C000006949 Investor C C000006950 Institutional C000006951 Class R 0000709140 S000002246 BLACKROCK HEALTHCARE FUND, INC. C000005795 Investor A C000005796 Investor B C000005797 Investor C C000005798 Institutional C000005799 Class R 0000759829 S000002544 BlackRock International Value Fund C000007009 Investor A C000007010 Investor B C000007011 Investor C C000007012 Institutional C000007013 Class R 0000844779 S000001874 BLACKROCK SMALL/MID CAP GROWTH PORTFOLIO C000004897 INSTITUTIONAL SSEGX C000004898 SERVICE SSPSX C000004899 INVESTOR A SCGAX C000004900 INVESTOR B SRCBX C000004901 INVESTOR C SGCDX C000037658 R SSPRX 0000868452 S000002249 BLACKROCK UTILITIES & TELECOMMUNICATIONS FUND, INC. C000005810 Investor A C000005811 Investor B1 C000005812 Investor C1 C000005813 Institutional C000038212 Investor B C000038213 Investor C 0001043434 S000002174 BLACKROCK GLOBAL GROWTH FUND, INC. C000005572 Investor A C000005573 Investor B C000005574 Investor C C000005575 Institutional C000005576 Class R 0001119261 S000002543 BlackRock Short Term Bond Fund C000007004 Investor A C000007005 Investor B C000007006 Investor C1 C000007007 Institutional C000007008 Class R C000038164 Investor C 0001323737 S000002989 High Income Portfolio C000008218 High Income Portfolio 0001398078 S000018353 BLACKROCK BOND PORTFOLIO C000050695 BLACKROCK SHARES C000050696 INSTITUTIONAL SHARES C000050697 INVESTOR A SHARES C000050698 INVESTOR B SHARES C000050699 INVESTOR C SHARES C000050700 R SHARES C000050701 SERVICE SHARES 0001398078 S000018359 BLACKROCK MANAGED INCOME PORTFOLIO C000050736 INSTITUTIONAL SHARES C000050737 INVESTOR A SHARES C000050738 INVESTOR B SHARES C000050739 INVESTOR C SHARES C000050740 R SHARES C000050741 SERVICE SHARES 0001398078 S000018362 BLACKROCK AMT-FREE MUNICIPAL BOND PORTFOLIO C000050751 SERVICE SHARES C000050752 BLACKROCK SHARES C000050753 INSTITUTIONAL SHARES C000050754 INVESTOR A SHARES C000050755 INVESTOR B SHARES C000050756 INVESTOR C SHARES 0001398078 S000018379 BLACKROCK GOVERNMENT INCOME PORTFOLIO C000050820 B1 SHARES C000050821 BLACKROCK SHARES C000050822 C1 SHARES C000050823 INSTITUTIONAL SHARES C000050824 INVESTOR A SHARES C000050825 INVESTOR B SHARES C000050826 INVESTOR C SHARES C000050827 R SHARES C000050828 SERVICE SHARES 497 1 e42957_497.htm FORM 497

BlackRock FundsSM
BlackRock Small/Mid-Cap Growth Portfolio
BlackRock Funds II
BlackRock AMT-Free Municipal Bond Portfolio
BlackRock Bond Portfolio
BlackRock Government Income Portfolio
BlackRock Managed Income Portfolio
BlackRock Bond Fund, Inc.
BlackRock High Income Fund
BlackRock Focus Value Fund, Inc.
BlackRock Global Growth Fund, Inc.
BlackRock Healthcare Fund, Inc.
BlackRock International Value Trust
BlackRock International Value Fund
BlackRock Municipal Bond Fund, Inc.
BlackRock Municipal Fund
BlackRock Short-Term Bond Series, Inc.
BlackRock Short-Term Bond Fund
BlackRock Utilities & Telecommunications Fund, Inc.
Managed Account Series
High Income Portfolio

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

Supplement dated April 1, 2011 to the Prospectuses of each Fund

     The Board of Directors/Trustees of each Fund has determined that it is in the best interests of each of the Funds (in this capacity each, a “Target Fund”) to enter into a reorganization transaction with another existing BlackRock Fund (each, an “Acquiring Fund”). Each proposed transaction is referred to as a “Reorganization.” The Target Fund and the Acquiring Fund for each Reorganization are shown in the table below.

Target Funds
 Acquiring Funds
BlackRock Utilities & Telecommunications Fund, Inc. BlackRock Equity Dividend Fund
   
BlackRock Focus Value Fund, Inc. BlackRock Basic Value Fund, Inc.
   
BlackRock Small/Mid-Cap Growth Portfolio, a series BlackRock Mid-Cap Growth Equity Portfolio, a series
of BlackRock FundsSM of BlackRock FundsSM
   
BlackRock Healthcare Fund, Inc. BlackRock Health Sciences Opportunities Portfolio, a
  series of BlackRock FundsSM
   
BlackRock International Value Fund, a series of BlackRock International Fund, a series of BlackRock
BlackRock International Value Trust Series, Inc.
   
BlackRock Global Growth Fund, Inc. BlackRock Global Opportunities Portfolio, a series of
  BlackRock FundsSM
   
BlackRock Short-Term Bond Fund, a series of BlackRock Low Duration Bond Portfolio, a series of
BlackRock Short-Term Bond Series, Inc. BlackRock Funds II
   
BlackRock Bond Portfolio, a series of BlackRock BlackRock Total Return Portfolio II, a series of
Funds II BlackRock Funds II
   
BlackRock Managed Income Portfolio, a series of BlackRock Total Return Portfolio II, a series of
BlackRock Funds II BlackRock Funds II


BlackRock Government Income Portfolio, a series of BlackRock Intermediate Government Bond Portfolio, a
BlackRock Funds II series of BlackRock Funds II
 
BlackRock High Income Fund, a series of BlackRock BlackRock High Yield Bond Portfolio, a series of
Bond Fund, Inc. BlackRock Funds II
 
High Income Portfolio, a series of Managed Account BlackRock High Yield Bond Portfolio, a series of
Series BlackRock Funds II
 
BlackRock Municipal Fund, a series of BlackRock BlackRock National Municipal Fund, a series of
Municipal Bond Fund, Inc. BlackRock Municipal Bond Fund, Inc.
 
BlackRock AMT-Free Municipal Bond Portfolio, a BlackRock National Municipal Fund, a series of
series of BlackRock Funds II BlackRock Municipal Bond Fund, Inc.

     In each Reorganization, all of the Target Fund’s assets would be transferred to the respective Acquiring Fund in exchange for the assumption by the Acquiring Fund of certain stated liabilities of the respective Target Fund and shares of the respective Acquiring Fund. If the Reorganization is completed, shareholders of the Target Fund will receive shares of the respective Acquiring Fund, the aggregate net asset value of which will be equal to the aggregate net asset value of the shares they held in the Target Fund on the date of the Reorganization, after which the Target Fund will cease operations.

     Shareholders of each of BlackRock Bond Portfolio, BlackRock Government Income Portfolio and BlackRock Managed Income Portfolio, each a series of BlackRock Funds II, are not required to vote with respect to their Fund’s Reorganization. It is expected that shareholders of these Funds in May 2011 will be sent an Information Statement containing important information about the respective Acquiring Fund, outlining the differences between the applicable Target Fund and Acquiring Fund and containing information about the terms and conditions of the relevant Reorganization.

     Each Target Fund that is required to obtain a shareholder vote to complete its Reorganization expects to convene a special meeting of its shareholders on or about June 24, 2011, to vote on the approval of its Reorganization. Shareholders of record of each such Target Fund as of April 27, 2011 (the “Record Date”) are entitled to notice of and to vote at the special meeting, and they will receive proxy materials describing the relevant Reorganization.

     Until a Reorganization is completed, each Target Fund will continue sales and redemptions of its shares as described in its Prospectus. However, holders of shares purchased after the Record Date set for each special meeting of shareholders will not be entitled to vote those shares at the special meeting.

Shareholders should retain this Supplement for future reference.