Distribution Dates and Amounts Announced for ECAT, BCAT, BMEZ, BSTZ and BIGZ

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NEW YORK, September 12, 2024--(BUSINESS WIRE)--Today, each of BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Science and Technology Term Trust (NYSE: BSTZ), and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) (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.

The distribution rates on the 12-month average NAV of 12% for BIGZ, BSTZ and BMEZ and 20% for ECAT and BCAT are expected to be maintained for at least the next 12 months subject to changes as a result of evaluations under each Fund’s Plan and the best interest of shareholders of the Funds.

The Funds’ monthly distribution rates for October can be found below:

Key Dates:

Declaration- 9/12/2024 Ex- 10/15/2024 Record- 10/15/2024 Payable- 10/31/2024

Fund

Ticker

Distribution

 

Change From Prior

Distribution

BlackRock ESG Capital Allocation Term Trust*

ECAT

$

0.301580

 

+$0.000420

BlackRock Capital Allocation Term Trust*

BCAT

$

0.287130

 

+$0.000130

BlackRock Health Sciences Term Trust*

BMEZ

$

0.175990

 

($0.000030)

BlackRock Science and Technology Term Trust*

BSTZ

$

0.214040

 

+$0.000090

BlackRock Innovation and Growth Term Trust*

BIGZ

$

0.086440

 

($0.000210)

* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act"), each of the Funds above posted to the DTC bulletin board and sent to its shareholders of record as of the applicable record date a Section 19 notice with the previous distribution payment. The Section 19 notice was provided for informational purposes only and not for tax reporting purposes. This information can be found in the "Closed-End Funds" section of www.blackrock.com. As applicable, the final determination of the source and tax characteristics of all distributions in 2024 will be made after the end of the year.

BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Science and Technology Term Trust (NYSE: BSTZ), and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) have adopted a Plan to support a monthly distribution based on an annual rate of 12% (for BMEZ, BSTZ and BIGZ) and 20% (for ECAT and BCAT) of the Fund’s 12-month rolling average daily net asset value calculated 5 business days prior to the declaration date of each distribution. The October 2024 distribution for each of ECAT, BCAT, BSTZ, BMEZ and BIGZ was calculated based on the average net asset value from September 5, 2023 to September 4, 2024. Below are the 12-month rolling average daily net asset values used to calculate ECAT, BCAT, BMEZ, BSTZ and BIGZ’s October distributions: