BlackRock Announces Release of Commentaries for Certain Closed-End Funds (BIGZ, BSTZ, BMEZ, BCAT, ECAT, and BMN) and Private Investment Report

BlackRock today announced the release of quarterly fund commentaries for BlackRock Innovation and Growth Term Trust (NYSE: BIGZ), BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), and BlackRock 2037 Municipal Target Term Trust (NYSE: BMN) (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 also released its quarterly update of Private investments with BlackRock Closed-End Funds. Learn how certain BlackRock closed-end funds are taking advantage of the closed-end fund structure and democratizing access to private companies for investors.

Second Quarter Fund Commentaries

BlackRock Innovation and Growth Term Trust (BIGZ): BIGZ invests in innovative small- and mid-cap public and private companies along with deploying a tactical single-stock option-writing strategy to generate income and potentially reduce volatility.

BIGZ Commentary

BlackRock Science and Technology Term Trust (BSTZ): BSTZ invests in the technology sector by blending “next generation” technology stocks and private investments with a tactical single-stock option-writing strategy to generate income and potentially reduce volatility.

BSTZ Commentary

BlackRock Health Sciences Term Trust (BMEZ): BMEZ invests in the healthcare sector by blending “next generation” healthcare stocks and private investments along with a tactical single-stock option-writing strategy to generate income and potentially reduce volatility.

BMEZ Commentary

BlackRock Capital Allocation Term Trust (BCAT): BCAT takes an unconstrained approach with the ability to invest in public and private markets across different asset classes to generate income.

BCAT Commentary

BlackRock ESG Capital Allocation Term Trust (ECAT): ECAT takes an unconstrained approach with an ESG focus and has the ability to invest in public and private markets across different asset classes to generate income.

ECAT Commentary

BlackRock 2037 Municipal Target Term Trust (BMN): BMN invests in a portfolio of municipal securities with the objectives of providing current income that is exempt from regular federal income tax (but which may be subject to the federal alternative minimum tax in certain circumstances) and returning $25 per common share (the initial public offering price per common share) to holders of common shares on or about September 30, 2037. ¹