BlackRock Announces the Redemption of Auction Rate Municipal Preferred Stock in Connection with Fund Liquidations

New York - 2 July 2012

BlackRock Advisors, LLC have announced that The BlackRock New Jersey Investment Quality Municipal Trust, Inc. (NYSE Amex: RNJ) and The BlackRock New York Investment Quality Municipal Trust, Inc. (NYSE Amex: RNY) will each redeem all of its issued and outstanding auction rate municipal preferred stock.

The redemptions announced today are occurring in connection with RNJ and RNY’s shareholder-approved liquidations (as announced on June 28, 2012) and will be conducted at liquidation preference of $25,000 per share, together with accrued and unpaid dividends thereon to the redemption date, if any.

The BlackRock New Jersey Investment Quality Municipal Trust, Inc. (NYSE Amex:RNJ)

SeriesCUSIP

Redemption
Date

Total Shares to
be Redeemed

Aggregate Amount to
be Redeemed

T7 09247C206 July 25, 2012 276 $6,900,000

The BlackRock New York Investment Quality Municipal Trust, Inc. (NYSE Amex:RNY)

SeriesCUSIP

Redemption
Date

Total Shares to
be Redeemed

Aggregate Amount to
be Redeemed

F7 09247E202 July 23, 2012 389 $9,725,000

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