Amended and Restated Master Advisory Fee Waiver Agreement

Exhibit (g)(5)

Amended and Restated Master Advisory Fee Waiver Agreement

This AMENDED AND RESTATED MASTER ADVISORY FEE WAIVER AGREEMENT (this "Agreement") is made as of December 1, 2019, by and among BlackRock Advisors, LLC (the "Adviser") and each investment company listed on Schedule A attached hereto (each, a "Fund").

WHEREAS, each Fund is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a closed-end management company, and is organized as a statutory trust under the laws of the State of Delaware, a business trust under the laws of the Commonwealth of Massachusetts or a corporation under the laws of the State of Maryland;

WHEREAS, the Adviser and each Fund are parties to investment advisory agreements (the "Advisory Agreements"), pursuant to which the Adviser provides investment advisory services to each Fund in consideration of compensation as set forth in each Advisory Agreement (the "Advisory Fee");

WHEREAS, the Adviser has determined that it is appropriate and in the best interests of each Fund and its interestholders to waive part of each Fund's Advisory Fee as set forth in Schedule B attached hereto (the "Fee Waiver"). Each Fund and the Adviser, therefore, have entered into this Agreement in order to effect the Fee Waiver for each Fund at the level specified in Schedule B attached hereto on the terms and conditions set forth in this Agreement; and

WHEREAS, effective December 1, 2019, this Agreement replaces the Master Advisory Fee Waiver Agreement, dated as of December 2, 2016.

NOW, THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:

1.Contractual Fee Waiver. During the Term (as defined in Section 3 below), the Adviser shall waive a portion of its Advisory Fee with respect to each Fund as set forth in Schedule B attached hereto.

2.Voluntary Fee Waiver/Expense Reimbursement. Nothing herein shall preclude an Adviser from contractually waiving other fees and/or reimbursing expenses of any Fund, voluntarily waiving Advisory Fees it is entitled to from any Fund or voluntarily reimbursing expenses of any Fund as the Adviser, in its discretion, deems reasonable or appropriate. Any such voluntary waiver or voluntary expense reimbursement may be modified or terminated by the Adviser at any time in its sole and absolute discretion without the approval of the Fund's Board of Trustees or Board of Directors, as the case may be.

3.Term; Termination.

3.1Term. This Agreement shall continue in effect with respect to each Fund until the close of business on the date set forth on Schedule A (or such other date as agreed to in writing between the Adviser and the Fund) unless the Fee Waiver is earlier terminated in accordance with

Section 3.2. The Term of the Fee Waiver with respect to a Fund may be continued from year to year thereafter provided that each such continuance is specifically approved by the Adviser and the Fund (including with respect to the Fund, a majority of the Fund's Trustees or Directors, as the case may be, who are not "interested persons," as defined in the 1940 Act, of the Fund (the "Non-Interested Directors")). Neither the Adviser nor a Fund shall be obligated to extend the Fee Waiver with respect to the Fund.

3.2Termination. This Agreement may be terminated prior to expiration by any Fund with respect to such Fund without payment of any penalty, upon 90 days' prior written notice to the

Adviser at its principal place of business (or at an earlier date as may be agreed to by both parties); provided that, such action shall be authorized by resolution of a majority of the Non- Interested Directors of such Fund or by a vote of a majority of the outstanding voting securities of such Fund.

4.Miscellaneous.

4.1Captions. The captions in this Agreement are included for convenience of reference only and in no other way define or delineate any of the provisions hereof or otherwise affect their construction or effect.

4.2Interpretation. Nothing herein contained shall be deemed to require a Fund to take any action contrary to the Fund's Declaration of Trust or Articles of Incorporation, as the case may be, or Bylaws, or any applicable statutory or regulatory requirement to which it is subject or by which it is bound, or to relieve or deprive the Fund's Board of Trustees or Board of Directors, as the case may be, of its responsibility for and control of the conduct of the affairs of the Fund.

4.3Limitation of Liability. The obligations and expenses incurred, contracted for or

otherwise existing with respect to a Fund shall be enforced against the assets of such Fund and not against the assets of any other Fund.

4.4Definitions. Any question of interpretation of any term or provision of this Agreement, including but not limited to the computations of average daily net assets or of any Advisory Fee, and the allocation of expenses, having a counterpart in or otherwise derived from the terms and provisions of the relevant Advisory Agreement between the Adviser and the Fund or the 1940 Act, shall have the same meaning as and be resolved by reference to such Advisory Agreement or the 1940 Act, as applicable, and to interpretations thereof, if any, by the United States Courts or in the absence of any controlling decision of any such Court, by rules, regulations or orders of the Securities and Exchange Commission ("SEC") issued pursuant to the 1940 Act. In addition, if the effect of a requirement of the 1940 Act reflected in any provision of this Agreement is revised by rule, regulation or order of the SEC, that provision will be deemed to incorporate the effect of that rule, regulation or order. Otherwise the provisions of this Agreement will be interpreted in accordance with the substantive laws of the State of New York.

4.5Business Trusts. With respect to a Fund which is a business trust, this Agreement is executed by or on behalf of the trustees of the Fund solely in their capacity as such trustees, and shall not constitute their personal obligation either jointly or severally in their individual

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capacities. In accordance with the Fund's charter, no trustee, shareholder, officer, employee or agent of the Fund shall be held to any personal liability, nor shall resort be had to their private property for the satisfaction of any obligation or claim or otherwise under this Agreement and the Fund shall be solely liable therefor; all parties hereto shall look solely to the Fund property for the payment of any claim, or the performance of any obligation, hereunder.

[Signature Page Follows]

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IN WITNESS WHEREOF, the parties have caused this Agreement to be signed by their respective officers thereunto duly authorized as of the day and year first above written.

EACH OF THE FUNDS LISTED ON

SCHEDULE A ATTACHED HERETO

By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇

Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇

Title: President and Chief Executive

Officer

BLACKROCK ADVISORS, LLC

By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇

Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇

Title: Managing Director

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SCHEDULE A

Amended and Restated Master Advisory Fee Waiver Agreement

(Dated as of December 1, 2019)

	TICKER	FUND	EXPIRATION
			DATE
1.	BBN	BlackRock Taxable Municipal Bond Trust	June 30, 2021
2.	BFZ	BlackRock California Municipal Income Trust	June 30, 2021
3.	BHK	BlackRock Core Bond Trust	June 30, 2021
4.	HYT	BlackRock Corporate High Yield Fund, Inc.	June 30, 2021
5.	BTZ	BlackRock Credit Allocation Income Trust	June 30, 2021
6.	DSU	BlackRock Debt Strategies Fund, Inc.	June 30, 2021
7.	BGR	BlackRock Energy and Resources Trust	June 30, 2021
8.	CII	BlackRock Enhanced Capital and Income Fund, Inc.	June 30, 2021
9.	BDJ	BlackRock Enhanced Equity Dividend Trust	June 30, 2021
10.	EGF	BlackRock Enhanced Government Fund, Inc.	June 30, 2021
11.	FRA	BlackRock Floating Rate Income Strategies Fund, Inc.	June 30, 2021
12.	BGT	BlackRock Floating Rate Income Trust	June 30, 2021
13.	BFO	BlackRock Florida Municipal 2020 Term Trust	June 30, 2021
14.	BOE	BlackRock Enhanced Global Dividend Trust	June 30, 2021
15.	BME	BlackRock Health Sciences Trust	June 30, 2021
16.	BKT	BlackRock Income Trust, Inc.	June 30, 2021
17.	BGY	BlackRock Enhanced International Dividend Trust	June 30, 2021
18.	BKN	BlackRock Investment Quality Municipal Trust, Inc.	June 30, 2021
19.	BLW	BlackRock Limited Duration Income Trust	June 30, 2021
20.	BTA	BlackRock Long-Term Municipal Advantage Trust	June 30, 2021
21.	BZM	BlackRock Maryland Municipal Bond Trust	June 30, 2021
22.	MHE	BlackRock Massachusetts Tax-Exempt Trust	June 30, 2021
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	TICKER	FUND	EXPIRATION
			DATE
23.	BIT	BlackRock Multi-Sector Income Trust	June 30, 2021
24.	MUI	BlackRock Muni Intermediate Duration Fund, Inc.	June 30, 2021
25.	MNE	BlackRock Muni New York Intermediate Duration Fund,	June 30, 2021
		Inc.
26.	MUA	BlackRock MuniAssets Fund, Inc.	June 30, 2021
27.	BKK	BlackRock Municipal 2020 Term Trust	June 30, 2021
28.	BBK	BlackRock Municipal Bond Trust	June 30, 2021
29.	BAF	BlackRock Municipal Income Investment Quality Trust	June 30, 2021
30.	BBF	BlackRock Municipal Income Investment Trust	June 30, 2021
31.	BYM	BlackRock Municipal Income Quality Trust	June 30, 2021
32.	BFK	BlackRock Municipal Income Trust	June 30, 2021
33.	BLE	BlackRock Municipal Income Trust II	June 30, 2021
34.	BTT	BlackRock Municipal 2030 Target Term Trust	June 30, 2021
35.	MEN	BlackRock MuniEnhanced Fund, Inc.	June 30, 2021
36.	MUC	BlackRock MuniHoldings California Quality Fund, Inc.	June 30, 2021
37.	MUH	BlackRock MuniHoldings Fund II, Inc.	June 30, 2021
38.	MHD	BlackRock MuniHoldings Fund, Inc.	June 30, 2021
39.	MFL	BlackRock MuniHoldings Investment Quality Fund	June 30, 2021
40.	MUJ	BlackRock MuniHoldings New Jersey Quality Fund, Inc.	June 30, 2021
41.	MHN	BlackRock MuniHoldings New York Quality Fund, Inc.	June 30, 2021
42.	MUE	BlackRock MuniHoldings Quality Fund II, Inc.	June 30, 2021
43.	MUS	BlackRock MuniHoldings Quality Fund, Inc.	June 30, 2021
44.	MVT	BlackRock MuniVest Fund II, Inc.	June 30, 2021
45.	MVF	BlackRock MuniVest Fund, Inc.	June 30, 2021
46.	MZA	BlackRock MuniYield Arizona Fund, Inc.	June 30, 2021
47.	MYC	BlackRock MuniYield California Fund, Inc.	June 30, 2021
48.	MCA	BlackRock MuniYield California Quality Fund, Inc.	June 30, 2021
49.	MYD	BlackRock MuniYield Fund, Inc.	June 30, 2021
50.	MYF	BlackRock MuniYield Investment Fund	June 30, 2021
51.	MFT	BlackRock MuniYield Investment Quality Fund	June 30, 2021
52.	MIY	BlackRock MuniYield Michigan Quality Fund, Inc.	June 30, 2021
53.	MYJ	BlackRock MuniYield New Jersey Fund, Inc.	June 30, 2021
54.	MYN	BlackRock MuniYield New York Quality Fund, Inc.	June 30, 2021
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	TICKER	FUND	EXPIRATION
			DATE
55.	MPA	BlackRock MuniYield Pennsylvania Quality Fund	June 30, 2021
56.	MQT	BlackRock MuniYield Quality Fund II, Inc.	June 30, 2021
57.	MYI	BlackRock MuniYield Quality Fund III, Inc.	June 30, 2021
58.	MQY	BlackRock MuniYield Quality Fund, Inc.	June 30, 2021
59.	BQH	BlackRock New York Municipal Bond Trust	June 30, 2021
60.	BSE	BlackRock New York Municipal Income Quality Trust	June 30, 2021
61.	BNY	BlackRock New York Municipal Income Trust	June 30, 2021
62.	BFY	BlackRock New York Municipal Income Trust II	June 30, 2021
63.	BCX	BlackRock Resources & Commodities Strategy Trust	June 30, 2021
64.	BST	BlackRock Science and Technology Trust	June 30, 2021
65.	▇▇▇	BlackRock Utilities, Infrastructure & Power Opportunities	June 30, 2021
		Trust
66.	BHV	BlackRock Virginia Municipal Bond Trust	June 30, 2021
67.	BSD	The BlackRock Strategic Municipal Trust	June 30, 2021
68.	BGIO	BlackRock 2022 Global Income Opportunity Trust	June 30, 2021
69.	--	BlackRock Multi-Sector Opportunities Trust	June 30, 2021
70.	--	BlackRock Multi-Sector Opportunities Trust II	June 30, 2021
71.	--	BlackRock Credit Strategies Fund	June 30, 2021
72.	BSTZ	BlackRock Science and Technology Trust II	June 30, 2021

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Schedule B

Amended and Restated Master Advisory Fee Waiver Agreement

(Dated as of December 1, 2019)

BlackRock Advisors, LLC will waive its investment advisory fees with respect to any portion of the Fund's assets estimated to be attributable to investments in equity and fixed- income mutual funds and exchange-traded funds managed by BlackRock Advisors, LLC or its affiliates.

In addition, BlackRock Advisors, LLC will waive its investment advisory fees by the amount of investment advisory fees the Fund pays to BlackRock Advisors, LLC or its affiliates indirectly through its investment in money market funds advised by BlackRock Advisors, LLC or its affiliates.

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