Articles from BlackRock Closed-End Funds

BlackRock Municipal Income Fund, Inc. (MUI) announced a distribution today as detailed below.

BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) is providing additional information related to the Fund’s upcoming conversion from an exchange-listed closed-end fund to an unlisted continuously-offered closed-end fund that conducts quarterly repurchases of its shares (the “Conversion”) and will operate under the name BlackRock Municipal Credit Alpha Portfolio, Inc. (the “Interval Fund”).

The BlackRock closed-end funds listed below (each, a “Fund” and collectively, the “Funds”) announced today the renewal of their discount management programs (each, a "Program" and collectively, the “Programs”). Under the terms of each Fund’s Program, each Fund intends to offer to repurchase a portion of its common shares via tender offer if certain conditions are met during the specified time period, as detailed below.

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

Today, BlackRock Resources & Commodities Strategy Trust (NYSEBCX), BlackRock Enhanced Equity Dividend Trust NYSE: BDJNYSEBDJ)(NYSE: BGRNYSEBGR, BlackRock Enhanced International Dividend Trust (NYSE: BGYNYSE), BlackRock Health Sciences Trust (NYSE: BMEBME), BlackRock Health Sciences Term Trust (NYSEBMEZ), BlackRock Enhanced Global Dividend Trust NYSE: BOENYSEBOE)(NYSE: BUINYSEBUI, BlackRock Enhanced Large Cap Core Fund, Inc. (NYSE: CIINYSE), BlackRock Science and Technology Trust (NYSE: BSTBST), BlackRock Science and Technology Term Trust (NYSEBSTZ), BlackRock Technology and Private Equity Term Trust NYSE: BTXNYSEBTX)(NYSE: BCATNYSEBCAT, and BlackRock ESG Capital Allocation Term Trust (NYSE: ECATNYSE) (collectively, the “Funds”) paid the following distributions per share:

BlackRock Advisors, LLC announced today that the Board of Trustees (the “Board”) of BlackRock Municipal 2030 Target Term Trust (“BTT” or the “Trust”) has reauthorized the Trust’s open market share repurchase program (the “Repurchase Program”). Under BTT’s most recent Repurchase Program, which ended November 30, 2024, the Trust could repurchase up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2023) in open market transactions. Pursuant to the Boards’ reauthorization of the Repurchase Program, BTT may repurchase up to 5% of its outstanding common shares (based on common shares outstanding on March 31, 2025) through November 30, 2025. The Repurchase Program seeks to enhance shareholder value by purchasing Trust shares trading at a discount to the Trust’s net asset value (“NAV”) per share, which could result in incremental accretion to the Trust’s NAV.

The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) has delisted from the New York Stock Exchange (NYSE).

BlackRock Advisors, LLC announced today that the Board of Trustees of BlackRock Innovation and Growth Term Trust (NYSEBIGZ) (the “Trust”) has approved certain changes to the Trust’s investment policies (collectively, the “Strategy Changes”).

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

Today, BlackRock Resources & Commodities Strategy Trust (NYSEBCX), BlackRock Enhanced Equity Dividend Trust NYSE: BDJNYSEBDJ)(NYSE: BGRNYSEBGR, BlackRock Enhanced International Dividend Trust (NYSE: BGYNYSE), BlackRock Health Sciences Trust (NYSE: BMEBME), BlackRock Health Sciences Term Trust (NYSEBMEZ), BlackRock Enhanced Global Dividend Trust NYSE: BOENYSEBOE)(NYSE: BUINYSEBUI, BlackRock Enhanced Large Cap Core Fund, Inc. (NYSE: CIINYSE), BlackRock Science and Technology Trust (NYSE: BSTBST), BlackRock Science and Technology Term Trust (NYSEBSTZ), BlackRock Innovation and Growth Term Trust NYSE: BIGZNYSEBIGZ)(NYSE: BCATNYSEBCAT, and BlackRock ESG Capital Allocation Term Trust (NYSE: ECATNYSE) (collectively, the “Funds”) paid the following distributions per share:

BlackRock Advisors, LLC announced today that each of the Boards of Directors/Trustees of each of the closed-end funds named below (each, a “Fund” and collectively, the “Funds”) has approved the following reorganizations (each, a “Reorganization” and collectively, the “Reorganizations), as applicable:

BlackRock Advisors, LLC (“BlackRock”) announced today that the Board of Trustees of BlackRock Innovation and Growth Term Trust (NYSEBIGZ) has approved a tender offer to repurchase 50% of BIGZ’s outstanding shares, and that the Board of Trustees of BlackRock Health Sciences Term Trust NYSE: BMEZNYSEBMEZ)

BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) is providing additional information related to the Fund’s upcoming conversion from an exchange-listed closed-end fund to an unlisted continuously-offered closed-end fund that conducts quarterly repurchases of its shares (the “Conversion”) and will operate under the name BlackRock Municipal Credit Alpha Portfolio, Inc. (the “Interval Fund”). It is currently anticipated that the Conversion will take place after the close of business on March 21, 2025, and be effective on March 24, 2025 (the “Conversion Date”).

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

The BlackRock closed-end funds (the “Funds”) listed below announced today the results of the Quarterly Measurement Period (as defined below) under their previously announced discount management programs (the “Programs”). Funds with a Trigger Event (as defined below) at the end of the Quarterly Measurement Period also announced the dates of tender offers. The Programs are part of the Funds’ ongoing efforts to manage discounts and enhance long-term shareholder value and provide liquidity to the market for their common shareholders. There can be no assurances as to the effect that a Program will have on the market for a Fund’s shares or the discount at which a Fund’s shares may trade relative to its NAV.

BlackRock Advisors, LLC announced today that the Boards of Directors of BlackRock Enhanced Government Fund, Inc. (NYSEEGF) and BlackRock Income Trust, Inc. NYSE: BKTNYSEBKT)

Today, BlackRock Resources & Commodities Strategy Trust (NYSEBCX), BlackRock Enhanced Equity Dividend Trust NYSE: BDJNYSEBDJ)(NYSE: BGRNYSEBGR, BlackRock Enhanced International Dividend Trust (NYSE: BGYNYSE), BlackRock Health Sciences Trust (NYSE: BMEBME), BlackRock Health Sciences Term Trust (NYSEBMEZ), BlackRock Enhanced Global Dividend Trust NYSE: BOENYSEBOE)(NYSE: BUINYSEBUI, BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CIINYSE), BlackRock Science and Technology Trust (NYSE: BSTBST), BlackRock Science and Technology Term Trust (NYSEBSTZ), BlackRock Innovation and Growth Term Trust NYSE: BIGZNYSEBIGZ)(NYSE: BCATNYSEBCAT, and BlackRock ESG Capital Allocation Term Trust (NYSE: ECATNYSE) (collectively, the “Funds”) paid the following distributions per share:

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

Today, BlackRock Resources & Commodities Strategy Trust (NYSEBCX), BlackRock Enhanced Equity Dividend Trust NYSE: BDJNYSEBDJ)(NYSE: BGRNYSEBGR, BlackRock Enhanced International Dividend Trust (NYSE: BGYNYSE), BlackRock Health Sciences Trust (NYSE: BMEBME), BlackRock Health Sciences Term Trust (NYSEBMEZ), BlackRock Enhanced Global Dividend Trust NYSE: BOENYSEBOE)(NYSE: BUINYSEBUI, BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CIINYSE), BlackRock Science and Technology Trust (NYSE: BSTBST), BlackRock Science and Technology Term Trust (NYSEBSTZ), BlackRock Innovation and Growth Term Trust NYSE: BIGZNYSEBIGZ)(NYSE: BCATNYSEBCAT, and BlackRock ESG Capital Allocation Term Trust (NYSE: ECATNYSE) (collectively, the “Funds”) paid the following distributions per share:

Today, the BlackRock closed-end funds listed below (each a “Fund,” and collectively the “Funds”) have announced changes to their monthly distribution amounts per share under their managed distribution plans (each, a “Plan”), as applicable, and declared their December distributions early. Each Fund has adopted a Plan to support a level monthly distribution of income, capital gains and/or return of capital.

Today, the Board of Directors (the “Board”) of BlackRock Enhanced Capital and Income Fund, Inc. (NYSECII) (the "Fund") approved changing the name of the Fund to “BlackRock Enhanced Large Cap Core Fund, Inc.” In connection with the name change, the Board has approved the adoption of a non-fundamental investment policy to invest at least 80% of the Fund’s net assets plus the amount of any borrowings for investment purposes, in large cap equity securities and derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities (the “80% Policy”). For purposes of the 80% Policy, large cap equity securities are equity securities that at the time of purchase have a market capitalization within the range of companies included in the Russell 1000® Index. The name change and adoption of the 80% Policy are expected to be effective as of December 31, 2024.

The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

BlackRock Enhanced Government Fund, Inc. (the “Fund”) (NYSE: EGF, CUSIP: 09255K108) today announced the completion of its annual offer to repurchase a portion of its outstanding shares of common stock from its stockholders (the “Repurchase Offer”).

BlackRock Advisors, LLC (“BlackRock”) announced today the final results of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) tender offer (a “Tender Offer”) for up to 50% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

BlackRock Enhanced Government Fund, Inc. (the “Fund”) (NYSE: EGF, CUSIP: 09255K108) announced the expiration of the Fund’s annual repurchase offer for its shares of common stock (the “Repurchase Offer”). The Repurchase Offer and withdrawal rights expired at 5:00 p.m., Eastern Time, on November 15, 2024. The Fund offered to repurchase up to 5% of its issued and outstanding shares of common stock (the “Shares”) for cash at a price equal to the net asset value of the Shares as of the close of regular trading on the New York Stock Exchange on November 18, 2024, subject to a repurchase fee of 2% of the value of the Shares repurchased, which will be deducted from the repurchase price. As of Friday, November 15, 2024, 3,738,502 Shares of the Fund were outstanding. A repurchase amount of 5% of the Shares outstanding as of November 15, 2024 would represent approximately 186,925 Shares.

The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

BlackRock Advisors, LLC (“BlackRock”) announced today the expiration and preliminary results of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) tender offer (a “Tender Offer”) for up to 50% of its outstanding common shares (the “Shares”).

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

Today, BlackRock Resources & Commodities Strategy Trust (NYSEBCX), BlackRock Enhanced Equity Dividend Trust NYSE: BDJNYSEBDJ)(NYSE: BGRNYSEBGR, BlackRock Enhanced International Dividend Trust (NYSE: BGYNYSE), BlackRock Health Sciences Trust (NYSE: BMEBME), BlackRock Health Sciences Term Trust (NYSEBMEZ), BlackRock Enhanced Global Dividend Trust NYSE: BOENYSEBOE)(NYSE: BUINYSEBUI, BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CIINYSE), BlackRock Science and Technology Trust (NYSE: BSTBST), BlackRock Science and Technology Term Trust (NYSEBSTZ), BlackRock Innovation and Growth Term Trust NYSE: BIGZNYSEBIGZ)(NYSE: BCATNYSEBCAT, and BlackRock ESG Capital Allocation Term Trust (NYSE: ECATNYSE) (collectively, the “Funds”) paid the following distributions per share:

BlackRock Advisors, LLC (“BlackRock”) announced today that on October 15, 2024, BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) will commence a tender offer to purchase up to 50% of the Fund’s outstanding common shares at a price per share equal to 98% of the Fund’s net asset value (“NAV”) per common share, as described in further detail below (the “Tender Offer”).

Today, BlackRock Enhanced Government Fund, Inc. (the "Fund") (NYSE: EGF, CUSIP: 09255K108) announced that the annual offer to repurchase outstanding shares of common stock (the "Shares") from its stockholders (the "Repurchase Offer") will commence on October 11, 2024.

BlackRock Advisors, LLC announced today that, at a special meeting of shareholders of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”), shareholders approved the proposals necessary for the conversion of the Fund from an exchange-listed, closed-end fund to an unlisted closed-end fund that conducts periodic repurchases of its shares pursuant to Rule 23c-3 under the Investment Company Act of 1940 (the “Conversion”).

BlackRock Advisors, LLC today announced BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”, CUSIP: 09253X102) intends to redeem all of its outstanding Series W-7 Variable Rate Demand Preferred Shares on September 27, 2024, at a redemption price equal to the liquidation preference of $100,000 per share, together with accumulated and unpaid dividends through the day prior to the redemption date.

The BlackRock closed-end funds (the “Funds”) listed below announced today the results of the Quarterly Measurement Period (as defined below) under their previously announced discount management programs (the “Programs”). Funds with a Trigger Event (as defined below) at the end of the Quarterly Measurement Period also announced the dates of tender offers. The Programs are part of the Funds’ ongoing efforts to manage discounts and enhance long-term shareholder value and provide liquidity to the market for their common shareholders. There can be no assurances as to the effect that a Program will have on the market for a Fund’s shares or the discount at which a Fund’s shares may trade relative to its NAV.

Today, each of BlackRock ESG Capital Allocation Term Trust (NYSEECAT), BlackRock Capital Allocation Term Trust NYSE: BCATNYSEBCAT)(NYSE: BMEZNYSEBMEZ, BlackRock Science and Technology Term Trust (NYSE: BSTZNYSE), and BlackRock Innovation and Growth Term Trust (NYSE: BIGZBIGZ) (each a “Fund,” and collectively the “Funds”) declared its October distribution early under each Fund’s managed distribution plan (“Plan”). Each Fund has adopted a Plan to support a level monthly distribution of income, capital gains and/or return of capital.

Today, BlackRock Resources & Commodities Strategy Trust (NYSEBCX), BlackRock Enhanced Equity Dividend Trust NYSE: BDJNYSEBDJ)(NYSE: BGRNYSEBGR, BlackRock Enhanced International Dividend Trust (NYSE: BGYNYSE), BlackRock Health Sciences Trust (NYSE: BMEBME), BlackRock Health Sciences Term Trust (NYSEBMEZ), BlackRock Enhanced Global Dividend Trust NYSE: BOENYSEBOE)(NYSE: BUINYSEBUI, BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CIINYSE), BlackRock Science and Technology Trust (NYSE: BSTBST), BlackRock Science and Technology Term Trust (NYSEBSTZ), BlackRock Innovation and Growth Term Trust NYSE: BIGZNYSEBIGZ)(NYSE: BCATNYSEBCAT, and BlackRock ESG Capital Allocation Term Trust (NYSE: ECATNYSE) (collectively, the “Funds”) paid the following distributions per share:

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, BlackRock Resources & Commodities Strategy Trust (NYSEBCX), BlackRock Enhanced Equity Dividend Trust NYSE: BDJNYSEBDJ)(NYSE: BGRNYSEBGR, BlackRock Enhanced International Dividend Trust (NYSE: BGYNYSE), BlackRock Health Sciences Trust (NYSE: BMEBME), BlackRock Health Sciences Term Trust (NYSEBMEZ), BlackRock Enhanced Global Dividend Trust NYSE: BOENYSEBOE)(NYSE: BUINYSEBUI, BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CIINYSE), BlackRock Science and Technology Trust (NYSE: BSTBST), BlackRock Science and Technology Term Trust (NYSEBSTZ), BlackRock Innovation and Growth Term Trust NYSE: BIGZNYSEBIGZ)(NYSE: BCATNYSEBCAT, and BlackRock ESG Capital Allocation Term Trust (NYSE: ECATNYSE) (collectively, the “Funds”) paid the following distributions per share:

The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

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

Today, BlackRock Resources & Commodities Strategy Trust (NYSEBCX), BlackRock Enhanced Equity Dividend Trust NYSE: BDJNYSEBDJ)(NYSE: BGRNYSEBGR, BlackRock Enhanced International Dividend Trust (NYSE: BGYNYSE), BlackRock Health Sciences Trust (NYSE: BMEBME), BlackRock Health Sciences Term Trust (NYSEBMEZ), BlackRock Enhanced Global Dividend Trust NYSE: BOENYSEBOE)(NYSE: BUINYSEBUI, BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CIINYSE), BlackRock Science and Technology Trust (NYSE: BSTBST), BlackRock Science and Technology Term Trust (NYSEBSTZ), BlackRock Innovation and Growth Term Trust NYSE: BIGZNYSEBIGZ)(NYSE: BCATNYSEBCAT, and BlackRock ESG Capital Allocation Term Trust (NYSE: ECATNYSE) (collectively, the “Funds”) paid the following distributions per share:

BlackRock Advisors, LLC today announced BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) intends to redeem 3,763 Series W-7 Variable Rate Demand Preferred Shares on August 7, 2024, at a redemption price equal to the liquidation preference of $100,000 per share, together with accumulated and unpaid dividends through the day prior to the redemption date.

BlackRock Advisors, LLC (“BlackRock”) announced today the final certified voting results of the 2024 Annual Meetings of Shareholders (the “Annual Meetings”) of the ten closed-end funds contested by Saba Capital Management, L.P. (“Saba”):

BlackRock Advisors, LLC (“BlackRock”) announced today that BlackRock will remain in place as investment adviser at five closed-end funds where dissident shareholder, Saba Capital Management, L.P. (“Saba”), had put forth a termination proposal, and the current Board members will continue to steward the eight funds where Saba had proposed nominees, according to the preliminary voting results of the 2024 Annual Meetings of Shareholders (the “Annual Meetings”) of the following funds:

BlackRock Advisors, LLC (“BlackRock”) announced today that leading independent proxy advisory firm Glass Lewis has issued recommendations for the reelection of ALL of BlackRock’s Board nominees and against ALL proposals put forth by dissident shareholder Saba Capital Management, L.P. (“Saba”) at the upcoming contested meetings for ten closed-end funds advised by BlackRock.

The BlackRock closed-end funds (the “Funds”) listed below announced today the results of the Quarterly Measurement Period (as defined below) under their previously announced discount management programs (the “Programs”). Funds with a Trigger Event (as defined below) at the end of the Quarterly Measurement Period also announced the dates of tender offers. The Programs are part of the Funds’ ongoing efforts to manage discounts and enhance long-term shareholder value and provide liquidity to the market for their common shareholders. There can be no assurances as to the effect that a Program will have on the market for a Fund’s shares or the discount at which a Fund’s shares may trade relative to its NAV.

BlackRock Advisors, LLC (“BlackRock”) announced today that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has issued additional supportive reports for BlackRock and its Board nominees at several closed-end funds, and against the proposals put forth by dissident shareholder Saba Capital Management, L.P. (“Saba”).

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

Today, BlackRock Resources & Commodities Strategy Trust (NYSEBCX), BlackRock Enhanced Equity Dividend Trust NYSE: BDJNYSEBDJ)(NYSE: BGRNYSEBGR, BlackRock Enhanced International Dividend Trust (NYSE: BGYNYSE), BlackRock Health Sciences Trust (NYSE: BMEBME), BlackRock Health Sciences Term Trust (NYSEBMEZ), BlackRock Enhanced Global Dividend Trust NYSE: BOENYSEBOE)(NYSE: BUINYSEBUI, BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CIINYSE), BlackRock Science and Technology Trust (NYSE: BSTBST), BlackRock Science and Technology Term Trust (NYSEBSTZ), BlackRock Innovation and Growth Term Trust NYSE: BIGZNYSEBIGZ)(NYSE: BCATNYSEBCAT, and BlackRock ESG Capital Allocation Term Trust (NYSE: ECATNYSE) (collectively, the “Funds”) paid the following distributions per share:

BlackRock Advisors, LLC (“BlackRock”) announced today that Glass Lewis joined Institutional Shareholder Services Inc. (“ISS”) in broad support for BlackRock and the incumbent Fund Board nominees at several funds and against the dissident shareholder’s proposals.

BlackRock Advisors, LLC (“BlackRock”) announced today that the Board of Directors (the “Board”) of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) has approved the conversion of the Fund from an exchange-listed, closed-end fund to an unlisted closed-end fund that conducts periodic repurchases of its shares pursuant to Rule 23c-3 under the Investment Company Act of 1940 (the “Conversion”). As previously announced, the Fund will, subject to receiving shareholder approval for the Conversion and other conditions, conduct a tender offer to repurchase 50% of the Fund’s outstanding common shares at a price per share equal to 98% of the Fund’s net asset value per common share determined following the expiration of the tender offer (the “Tender Offer”).

Today, the Board of Trustees of each of BlackRock ESG Capital Allocation Term Trust (NYSEECAT), BlackRock Capital Allocation Term Trust NYSE: BCATNYSEBCAT)(NYSE: BMEZNYSEBMEZ, BlackRock Science and Technology Term Trust (NYSE: BSTZNYSE), and BlackRock Innovation and Growth Term Trust (NYSE: BIGZBIGZ) (each a “Fund,” and collectively the “Funds”) announced increased distribution rates under each Fund’s managed distribution plan (“Plan”). Each Fund has adopted a Plan to support a level monthly distribution of income, capital gains and/or return of capital.

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

Today, BlackRock Resources & Commodities Strategy Trust (NYSEBCX), BlackRock Enhanced Equity Dividend Trust NYSE: BDJNYSEBDJ)(NYSE: BGRNYSEBGR, BlackRock Enhanced International Dividend Trust (NYSE: BGYNYSE), BlackRock Health Sciences Trust (NYSE: BMEBME), BlackRock Health Sciences Term Trust (NYSEBMEZ), BlackRock Enhanced Global Dividend Trust NYSE: BOENYSEBOE)(NYSE: BUINYSEBUI, BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CIINYSE), BlackRock Science and Technology Trust (NYSE: BSTBST), BlackRock Science and Technology Term Trust (NYSEBSTZ), BlackRock Innovation and Growth Term Trust NYSE: BIGZNYSEBIGZ)(NYSE: BCATNYSEBCAT, and BlackRock ESG Capital Allocation Term Trust (NYSE: ECATNYSE) (collectively, the “Funds”) paid the following distributions per share:

The BlackRock closed-end funds (each a “Fund,” and collectively the “Funds”) listed below announced today the implementation of voluntary management fee waivers, effective May 1, 2024. Under the terms of this initiative, BlackRock Advisors, LLC (“BlackRock”) intends to waive management fees if certain conditions, detailed below, are met. In addition, BlackRock will be waiving an additional one-time $2 million in management/advisory fees pro-rata across the Funds.

Today, the Board of Directors/Trustees of BlackRock MuniYield Pennsylvania Quality Fund (NYSEMPA) and BlackRock California Municipal Income Trust NYSE: BFZNYSEBFZ)

The BlackRock closed-end funds (the “Funds”) listed below announced today the adoption of discount management programs (the "Programs"). Under the terms of the Programs, each of the Funds listed below intends to offer to repurchase a portion of its common shares via tender offer if certain conditions are met during specified time periods, as detailed below.

BlackRock Advisors, LLC (“BlackRock”) announced today that the Board of Directors (the “Board”) of BlackRock Municipal Income Fund, Inc. (NYSE: MUI, the “Fund”) has approved a tender offer to repurchase 50% of the Fund’s outstanding common shares at a price per share equal to 98% of the Fund’s net asset value per common share determined following the expiration of the tender offer (the “Tender Offer”). The Tender Offer is contingent on obtaining all approvals for the conversion of the Fund from an exchange-listed closed-end fund to an unlisted closed-end fund that conducts periodic repurchases of it shares pursuant to Rule 23c-3 under the Investment Company Act of 1940 (the “Conversion”) by December 31, 2024.