NEW YORK – (BUSINESS WIRE) – November 19, 2021–

BlackRock Advisors, LLC announced today that the boards of directors / trustees of six BlackRock Limited Time Closed-End Funds (the “Funds”) have authorized open market share buyback programs (the “Redemption Programs”). »Under which each Fund may redeem, until November 30, 2022, up to 5% of its ordinary shares outstanding (based on the ordinary shares outstanding on November 18, 2021), in the context of transactions on the Open market Repurchase programs aim to increase shareholder value by purchasing shares of the Fund that are trading at a price below their net asset value per share (“NAV”), which increases the NAV of a Fund.





BlackRock Municipal 2030 Target Term Trust



BlackRock Science and Technology Trust II



BlackRock Health Sciences Trust II



BlackRock Innovation and Growth Trust



BlackRock Capital Allocation Trust



BlackRock ESG Capital Allocation Trust


The amount and timing of any redemptions under the redemption program of each Fund will be determined at the discretion of the management of the Fund. There can be no assurance that a Fund will redeem shares for any particular amount. The repurchase activity of a Fund will be disclosed in its report to shareholders for the relevant financial year. Any redemptions made as part of a fund buyback program will be made on a national stock exchange at the prevailing market price, subject to exchange requirements and certain volume and timing limitations and other regulations. under federal securities laws. Redemptions will not commence for a Fund until all required elements of the Redemption Program for that Fund have been finalized and come into effect.

About BlackRock

BlackRock’s goal is to help more and more people experience financial well-being. As an investor trustee and a leading provider of fintech, we help millions of people build savings for their lifetimes by making investing easier and more affordable. For more information on BlackRock, please visit | Twitter: @Black rock | LinkedIn:

Availability of fund updates

BlackRock will update the performance and certain other data of the Funds on a monthly basis on its website in the “Closed Funds” section of as well as certain other important information as necessary from time to time. Investors and others are encouraged to consult the website for updated performance information and other important information about the Funds. This reference to the BlackRock website is intended to provide investors with public access to information about the Funds and does not incorporate, and is not intended to, incorporate the BlackRock website in this release.

Forward-looking statements

This press release and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, regarding the performance, strategies or future financial or business expectations of a Fund or by BlackRock. Forward-looking statements are generally identified by words or phrases such as “trend”, “potential”, “opportunity”, “project”, “believe”, “comfortable”, “expect”, “anticipate”, ” current “,” “intention”, “estimate”, “position”, “assume”, “prospect”, “continue”, “remain”, “maintain”, “maintain”, “seek”, “achieve” and expressions similar, or future or conditional verbs such as “will”, “would”, “should”, “could”, “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to many assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date on which they are made, and BlackRock assumes no obligation and does not undertake to update any forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, interest rate environment, exchange rates or financial and capital markets, which could result in changes in the demand for the Funds or in the net asset value of a Fund; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distribution or repurchase of shares; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions by government agencies relating to a Fund or BlackRock, depending on the case ; (8) terrorist activities, international hostilities and natural disasters, which can negatively affect the general economy, national and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock’s choice to provide support for its products from time to time; and (11) the impact of problems in other financial institutions or the failure or negative performance of products in other financial institutions.

The Funds’ annual and semi-annual reports and other regulatory documents with the Securities and Exchange Commission (“SEC”) are available on the SEC’s website at and on the BlackRock website at, and may discuss these or other factors that affect the Funds. Information contained on BlackRock’s website does not form part of this press release.

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CONTACT: BlackRock Closed End Fund




SOURCE: BlackRock Closed End Fund

Copyright Business Wire 2021.

PUB: 11/19/2021 4:30 PM / DISC: 11/19/2021 4:32 PM

Copyright Business Wire 2021.

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