This excerpt taken from the MUE DEF 14A filed Jul 2, 2007.
General Information Regarding the Boards
Compensation: Information relating to compensation paid to the Independent Board Members of the Existing Boards for each Funds most recent fiscal year is set forth in Appendix C. No compensation information is shown for Board Members whose term of office will not continue, for certain Funds identified in Appendix C, after November 1, 2007.
Equity Securities Owned by the Nominees: Information relating to the amount of equity securities owned by the Nominees in the Funds that they are nominated to oversee, as well as other funds in the Fund complex, as of March 31, 2007 is set forth in Appendix D.
Attendance of Board Members at Annual Shareholders Meetings: It is the policy of certain Funds, identified in Appendix A, to encourage Board Members to attend the annual shareholders meeting; however, certain other Funds, identified in Appendix A, do not have a policy with regard to attendance of Board Members at annual shareholders meetings.
Existing Board Meetings: Information relating to the number of times that the Existing Boards on which the Board Members served met during each Funds most recent fiscal year is set forth in Appendix E.
Standing Committees of the Existing Boards: Information relating to the various standing committees of the Existing Boards is set forth in Appendix F.
Compliance with Section 16(a) of the Securities Exchange Act of 1934 (the Exchange Act): Section 16(a) of the Exchange Act requires the officers and Board Members of each Fund and persons who own more than ten percent of any class of equity securities of a Fund to file reports of ownership and changes in ownership on Forms 3, 4 and 5 with the SEC. Officers, Board Members and greater than ten percent shareholders of each Fund are required by SEC regulations to furnish the Fund with copies of all Forms 3, 4 and 5 they file.
Based solely on a review of the copies of such forms, and amendments thereto, with respect to each Fund, furnished to it during or with respect to its most recent fiscal year, and written representations from certain reporting persons that they were not required to file Form 5 with respect to the most recent fiscal year, each Fund believes that all of its officers, Board Members, greater than ten percent beneficial owners and other persons subject to Section 16 of the Exchange Act due to the requirements of Section 30 of the 1940 Act (i.e., any advisory board member, investment adviser or affiliated person of a Funds investment adviser) have complied with all filing requirements applicable to them with respect to transactions during each Funds most recent fiscal year. Due to administrative oversight three Form 4 reports were filed late on behalf of Mr. Hubbard, with respect to BlackRock Long-Term Municipal Advantage Trust, BlackRock Real Asset Equity Trust and BlackRock Preferred and Equity Advantage Trust representing three transactions, and one Form 4 report was filed late on behalf of Mr. Dixon, with respect to BlackRock Enhanced Dividend Achievers Trust representing two transactions. There were no known failures to file a required Form.