Letterhead NYC - BlackRock

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Contact: 1-800-882-0052 BlackRock Announces Special Distributions Related to the Reorganization of Three BlackRock Taxable Fixed Income Closed-End Funds New York, November 6, 2013 – BlackRock Advisors, LLC today announced special distributions for BlackRock Senior High Income Fund, Inc. (NYSE:ARK), BlackRock Strategic Bond Trust (NYSE:BHD) and BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) (collectively, the “Funds”) in connection with the reorganization of ARK and BHD into DSU, with DSU continuing as the surviving Fund (each, a “Reorganization”). With respect to each of the Funds, the distribution announced today represents undistributed net investment income earned through the effective date of the Reorganizations. In order to maintain their status as regulated investment companies and to avoid the imposition of a corporate level income tax, ARK and BHD are required to distribute all of their respective net investment income prior to the consummation of the Reorganizations. Other than the distributions announced today, ARK and BHD will pay no further distributions to their shareholders prior to or following the Reorganizations. It is currently expected that the Reorganizations will be completed with the open for business of the New York Stock Exchange on December 9, 2013, subject to all regulatory requirements and customary closing conditions being satisfied. The Reorganizations, if completed, would occur based on the relative net asset values of (i) ARK and DSU and (ii) BHD and DSU, respectively. The next distribution declaration date for the combined fund (DSU) is expected to be December 2, 2013 and such distribution will be paid following the completion of the Reorganizations. Distribution details are as follows: Declaration – 11/6/2013 Ex-Date - 11/14/2013 Fund Name BlackRock Senior High Income Fund, Inc. BlackRock Strategic Bond Trust BlackRock Debt Strategies Fund, Inc.

Record - 11/18/2013 Ticker ARK BHD DSU

Payable – 11/22/2013 Special Distribution $0.090000 $0.080000 $0.028000

This communication is not intended to, and shall not, constitute an offer to purchase or sell shares of any of the BlackRock funds, including DSU, the surviving fund in the Reorganizations. Investors should consider the investment objectives, risks, charges and expenses of their fund(s) carefully and consider in its entirety the Joint Proxy Statement/Prospectus relating to the Reorganizations which contains important information regarding the investment objectives and policies, risks, charges, expenses and other important information about DSU. About BlackRock BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2013, BlackRock’s assets under management were $4.096 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares®

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(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, 2013, the firm had approximately 11,200 employees in 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 BlackRock’s website at www.blackrock.com. Forward-Looking Statements This press release, and other statements that BlackRock or the Funds may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Funds 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 forwardlooking 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 Funds, 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 Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a 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 a 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 Funds 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 Funds. The information contained on BlackRock’s website is not a part of this press release. ###

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Letterhead NYC - BlackRock

Contact: 1-800-882-0052 BlackRock Announces Special Distributions Related to the Reorganization of Three BlackRock Taxable Fixed Income Closed-End Fun...

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