Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Today, the Board of Directors/Trustees of the BlackRock municipal closed-end funds listed below (the “Funds”) announced distributions, which reflect distribution increases for several Funds. The distribution increases ranged between 29% and 64%. In addition, the Funds declared their December, January, and February monthly distributions early.

BlackRock today announced the release of quarterly fund commentaries for BlackRock Innovation and Growth Term Trust (NYSEBIGZ), BlackRock Science and Technology Term Trust NYSE: BSTZNYSEBSTZ)(NYSE: BMEZNYSEBMEZ, BlackRock Capital Allocation Term Trust (NYSE: BCATNYSE), BlackRock ESG Capital Allocation Term Trust (NYSE: ECATECAT), and BlackRock 2037 Municipal Target Term Trust (NYSEBMN) (the “Trusts”) for the second quarter of 2023. Use the links provided below to learn more about each Trust’s performance and current positioning.

BlackRock Advisors, LLC (“BlackRock”) will host a conference call on Monday, November 13, 2023 at 11:00am ET to discuss year-end tax loss selling opportunities in the closed-end fund market. The call will feature Russ Koesterich, Portfolio Manager for BlackRock ESG Capital Allocation Term Trust (NYSEECAT) and BlackRock Capital Allocation Term Trust NYSE: BCATNYSEBCAT)

BlackRock today announced the release of quarterly fund commentaries for BlackRock Innovation and Growth Trust (NYSEBIGZ), BlackRock Science and Technology Trust II NYSE: BSTZNYSEBSTZ)(NYSE: BMEZNYSEBMEZ, BlackRock Capital Allocation Trust (NYSE: BCATNYSE), BlackRock ESG Capital Allocation Trust (NYSE: ECATECAT), and BlackRock 2037 Municipal Target Term Trust (NYSEBMN) (the “Trusts”) for the fourth quarter of 2022. Learn more about each Trust’s performance and current positioning in its latest commentary:

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

BlackRock Advisors, LLC (“BlackRock”) will host a conference call on Thursday, April 6, 2023 at 2:00pm ET featuring Sean Carney, Head of Municipal Strategy, and Phil Soccio, Portfolio Manager for the Municipal Fixed Income business. Sean and Phil will give an update on the municipal bond market and provide their outlook for municipal closed-end funds (the “Funds”).

The Board of Trustees of BlackRock 2037 Municipal Target Term Trust (NYSE: BMN, CUSIP: 09262G108) (the “Trust”) announced today the Trust’s initial monthly distribution, payable on February 1, 2023. Details are as follows: