BlackRock Innovation & Growth Term Trust Proxy Filing

TL;DR

BlackRock Innovation & Growth Term Trust filed its proxy statement, shareholders get info for voting.

AI Summary

BlackRock Innovation & Growth Term Trust filed a DEFA14A on May 16, 2024. This filing is a definitive proxy statement, indicating it's for the definitive materials being sent to shareholders. The filing fee was not required, suggesting it's a standard procedural filing.

Why It Matters

This filing is a standard proxy statement, providing shareholders with information and voting materials related to the company's governance and upcoming decisions.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEFA14A) and does not contain new financial information or strategic changes that would inherently increase risk.

Key Players & Entities

• BlackRock Innovation & Growth Term Trust (company) — Registrant
• 0001836057 (company) — Central Index Key
• 811-23625 (company) — SEC File Number
• 24956391 (company) — Film Number
• 20201210 (date) — Date of Former Company Name Change

FAQ

Key Financial Figures

• $177m — Share repurchases3 Discount management $177m $35m program Shareholder profit since R
• $35m — repurchases3 Discount management $177m $35m program Shareholder profit since Resour

Filing Documents

• d817482ddefa14a.htm (DEFA14A) — 12KB
• g817482dsp003.jpg (GRAPHIC) — 344KB
• g817482dsp004.jpg (GRAPHIC) — 252KB
• 0001193125-24-140667.txt ( ) — 835KB

From the Filing

MUNIYIELD NEW YORK QUALITY FUND (MYN) BlackRock MuniYield New York Quality Fund (MYN) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 BLACKROCK INNOVATION AND GROWTH TERM TRUST (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Your Vote Matters BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) Defend YOUR Fund, Save YOUR Income Your vote has never mattered more. At BIGZs upcoming annual meeting on June 25, activist hedge fund Saba Capital Management (Saba) is threatening your dependable, income-paying investment by attempting to install its own hand-picked Board nominees and fire BlackRock, the largest closed-end fund manager, as manager of the Fund. If Saba prevails, your Fundand the consistent monthly income you rely onwill be at risk. BlackRock is fighting for YOU. Vote today on the WHITE proxy card: FOR the BlackRock Board nominees AGAINST Sabas proposal to terminate the investment management agreement with BlackRock As market conditions have improved for innovative YOUR Board growth companies, BIGZ has delivered strong returns for shareholders and continues to pay attractive puts YOU first: monthly income BIGZ continues to make gains after a strong rebound in 2023 Attractive income 13.0% 19.2% 91% 81% Private markets access Return in Q1 20241 Return in 20231 Outperformance of Outperformance all closed-end of all closed-end funds in Q1 20242 funds in 20232 Liquidity at net asset BIGZ has made impressive gains, despite launching in value suboptimal market conditions, and BlackRock was able to upgrade the portfolio amid the volatility BlackRock expects its momentum to continue, aided by the Share buybacks strong growth potential of private equity as conditions improve Share repurchases3 Discount management $177m $35m program Shareholder profit since Resources for you and Shares bought back by BlackRock at a discount to inception your advisors net asset value Saba overpromises and underperforms. The risks in supporting Saba include: WIDER DISCOUNTS HIGHER FEES RISKY STRATEGIES The funds Saba has Saba raised costs, including Saba forces their funds commandeered now trade at hidden management fees from investments into risky, speculative wider discounts to net asset underlying funds, at both closed- strategies like SPACs, crypto and value since Saba took over end funds Saba took over hedge funds 1. Bloomberg as of 4/30/2024; Total shareholder return on price (assumes dividends are reinvested) 2. Morningstar as of 4/30/2024 3. BlackRock data as of 2/29/2024 We ask that all shareholders vote on the enclosed WHITE proxy card today to preserve YOUR Fund: Using the WHITE proxy card, your qualified Board unanimously recommends voting FOR the Boards Nominees, who have created value for all shareholders. Using the WHITE proxy card, your Board unanimously recommends voting AGAINST Sabas proposal to terminate the investment management agreement with BlackRock. How do I vote? Vote online Vote by phone Vote by mail Using the website provided By calling the toll-free By completing and on your enclosed WHITE number on your enclosed returning your enclosed proxy card and following WHITE proxy card and WHITE proxy card in the the simple instructions following the simple postage paid envelope instructions provided Please do NOT send back any proxy card you may receive from Saba If you have already sent back the proxy card received from Saba, you can still change your vote by promptly voting on the WHITE proxy card, which will replace the proxy card you previously completed. If you have any questions about the proposals to be voted, please feel free to contact Georgeson LLC (Georgeson), toll free at 1-866-529-6605. Important information about the Fund This material is not an advertisement and is intended for existing shareholder use only. This document and the information contained herein relates solely to BlackRock Innovation and Growth Term Trust (BIGZ). The information contained herein does not relate to, and is not relevant to, any other fund or product sponsored or distributed by BlackRock or any of its affiliates. This document is not an offer to sell any securities and is not a solicitation of an offer to buy any securities. Common shares for the closed-end fund identified above are only available for pur

View Full Filing

View this DEFA14A filing on SEC EDGAR