0000891092-12-003148.txt : 20120601 0000891092-12-003148.hdr.sgml : 20120601 20120601152614 ACCESSION NUMBER: 0000891092-12-003148 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120601 DATE AS OF CHANGE: 20120601 EFFECTIVENESS DATE: 20120601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK EQUITY DIVIDEND FUND CENTRAL INDEX KEY: 0000814507 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-14517 FILM NUMBER: 12883168 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08543-9011 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08543-9011 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH EQUITY DIVIDEND FUND DATE OF NAME CHANGE: 20051128 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH EQUITY INCOME FUND DATE OF NAME CHANGE: 20010103 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH DIVIDEND APPRECIATION FUND DATE OF NAME CHANGE: 19870803

0000814507 S000002243 BLACKROCK EQUITY DIVIDEND FUND

C000005780 Investor A

C000005781 Investor B

C000005782 Investor C

C000005783 Institutional

C000005784 Class R

C000038256 Service

C000100227 Investor C1

497 1 e48624_497.htm SUPPLEMENT

BlackRock Equity Dividend Fund

(the “Fund”)

Supplement dated June 1, 2012
to the Prospectus dated November 28, 2011

and the Statement of Additional Information dated November 28, 2011

Effective June 1, 2012, the Fund’s Prospectus and Statement of Additional Information are amended as set forth below:

The fourth paragraph in the section of the Prospectus entitled “Management of the Fund — BlackRock” is deleted and replaced with the following:

The annual management fees payable to BlackRock (as a percentage of average daily net assets) are as follows:

Average Daily Net Assets	Rate of Management Fee
Not exceeding $8 billion	0.60%
In excess of $8 billion but not more than $10 billion	0.56%
In excess of $10 billion but not more than $12 billion	0.54%
In excess of $12 billion but not more than $17 billion	0.52%
In excess of $17 billion but not more than $25 billion	0.51%
In excess of $25 billion but not more than $35 billion	0.50%
In excess of $35 billion but not more than $50 billion	0.49%
In excess of $50 billion	0.48%

The first paragraph in the section of the Statement of Additional Information entitled “Management and Advisory Arrangements” is deleted and replaced with the following:

Effective June 1, 2012, the Fund has entered into an investment advisory agreement with the Manager (the “Management Agreement”), pursuant to which the Manager receives as compensation for its services to the Fund, a fee with respect to the Fund at the end of each month at the rates described below.

Average Daily Net Assets	Rate of Management Fee
Not exceeding $8 billion	0.60%
In excess of $8 billion but not more than $10 billion	0.56%
In excess of $10 billion but not more than $12 billion	0.54%
In excess of $12 billion but not more than $17 billion	0.52%
In excess of $17 billion but not more than $25 billion	0.51%
In excess of $25 billion but not more than $35 billion	0.50%
In excess of $35 billion but not more than $50 billion	0.49%
In excess of $50 billion	0.48%

For the period June 1, 2011 to May 31, 2012, the Fund paid the Manager a fee at the rates described below.

Average Daily Net Assets	Rate of Management Fee
Not exceeding $8 billion	0.60%
In excess of $8 billion but not more than $10 billion	0.56%
In excess of $10 billion but not more than $12 billion	0.54%
In excess of $12 billion but not more than $17 billion	0.52%
In excess of $17 billion	0.51%

Shareholders should retain this Supplement for future reference.

Code: PR&SAI-10559-0612SUP