Certain BlackRock Closed-End Funds Announce Adoption of Discount Management Program

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 Closed-End Funds Adopting a Discount Management Program

Fund Name

Ticker

BlackRock Capital Allocation Term Trust

BCAT

BlackRock ESG Capital Allocation Term Trust

ECAT

BlackRock Innovation and Growth Term Trust

BIGZ

BlackRock Health Sciences Term Trust

BMEZ

BlackRock Science and Technology Term Trust

BSTZ

BlackRock Enhanced Global Dividend Trust

BOE

BlackRock Energy and Resources Trust

BGR

BlackRock Enhanced International Dividend Trust

BGY

BlackRock Enhanced Capital and Income Fund

CII

BlackRock Enhanced Equity Dividend Trust

BDJ

BlackRock Science and Technology Trust

BST

BlackRock Health Sciences Trust

BME

BlackRock Resources & Commodities Strategy Trust

BCX

BlackRock Utilities, Infrastructure, & Power Opportunities Trust

BUI

If a Fund’s common shares trade at an average daily discount to net asset value ("NAV") of more than 7.50% during a 3-month measurement period (each, a "Measurement Period"), the Fund intends to offer to repurchase 2.5% of its outstanding common shares at a price equal to 98% of the Fund’s NAV, as determined on the trading day after the tender offer expires, as soon as practicable following the Measurement Period end date.