BLACKROCK Ltd DURATION INCOME TRUST — Director's Dealing 2012

Jan 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKROCK LTD DURATION INCOME TRUST (BLW)
CIK: 0001233681
Period of Report: 2012-01-18

Reporting Person: ROBARDS KAREN P (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-18	Performance Rights	$	A	13.25	Acquired		Common Stock (13.25)	Direct

Footnotes

F1: The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.

F2: One Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust.

F3: The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.