BlackRock Basic Value Fund, Inc. (the "Fund")
77D(g)
Effective February 9, 2015, the Fund ceased investing in Master
Basic Value LLC (the "Master LLC") as part of a "master-feeder"
structure and instead began operating as a stand-alone fund. In
connection with this change, the Fund entered into a management
agreement with BlackRock Advisors, LLC ("BlackRock"), the terms
of which are substantially the same as the former management
agreement between BlackRock and the Master LLC, including the
management fee rate. Additionally, the change to a stand-alone
structure did not change the fees and expenses borne by the Fund
or create a taxable event for the Fund or its shareholders.
14964737.2
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