The Board of Trustees of BlackRock Municipal 2020 Term Trust declared regular monthly distributions of $0.054000 for February, March and April 2015, each payable on March 2, 2015, April 1, 2015 and April 30, 2015 to the shareholders of record date on February 13, 2015, March 13, 2015 and April 15, 2015. The Ex-date was February 11, 2015, March 11, 2015 and April 13, 2015 respectively.

The company also declared special tax-exempt distribution of $0.003100, payable on April 30, 2015 to the shareholders of record d ate on April 15, 2015. The Ex-date was April 13, 2015.