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BlackRock Build America Bond Trust Announces Initial Distribution

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^{Published in Business and Finance on Thursday, October 7th 2010 at 12:26 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--The Board of Trustees of BlackRock Build America Bond Trust (NYSE:BBN) (the aTrusta) announced today the Trusta™s initial monthly distribution, payable on October 29, 2010. Details are as follows:

*The yield on the IPO price shown above is calculated by dividing the initial dividend rate by the Trusta™s IPO price of $20.00 per share and annualizing the results.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2010, BlackRocka™s AUM was $3.151 trillion. BlackRock offers products that span the risk spectrum to meet clientsa™ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares^® (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 June 30, 2010, the firm has approximately 8,500 employees in 24 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 the firm's website at [ www.blackrock.com ].

Forward-Looking Statements

This press release, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRocka™s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as atrend,a apotential,a aopportunity,a apipeline,a abelieve,a acomfortable,a aexpect,a aanticipate,a acurrent,a aintention,a aestimate,a aposition,a aassume,a aoutlook,a acontinue,a aremain,a amaintain,a asustain,a aseek,a aachieve,a and similar expressions, or future or conditional verbs such as awill,a awould,a ashould,a acould,a amaya 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 forward-looking 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 Trust, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes in political, economic or industry conditions, the interest rate environment or financial and capital markets, which could result in changes in the Trusta™s net asset value; (2) the performance of the Trusta™s investments; (3) the impact of increased competition; (4) the extent and timing of any distributions or share repurchases; (5) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to the Trust or BlackRock, as applicable; and (6) BlackRocka™s ability to attract and retain highly talented professionals.

The Annual and Semi-Annual Reports and other regulatory filings of the Trust with the Securities and Exchange Commission (aSECa) are accessible on the SEC's website at [ www.sec.gov ]and on BlackRocka™s website at [ www.blackrock.com ], and may discuss these or other factors that affect the Trust. The information contained on our website is not a part of this press release.