BlackRock Innovation & Growth Term Trust Proxy Filing

TL;DR

BlackRock Innovation & Growth Term Trust filed its proxy statement on 6/12/24. Standard shareholder stuff.

AI Summary

BlackRock Innovation & Growth Term Trust filed a DEFA14A proxy statement on June 12, 2024. This filing is related to the company's corporate governance and shareholder matters. The filing does not appear to contain specific financial figures or immediate action items for investors beyond standard proxy disclosures.

Why It Matters

This filing provides shareholders with important information regarding the company's upcoming meetings and voting matters, allowing them to participate in corporate decision-making.

Risk Assessment

Risk Level: low — This is a routine proxy filing (DEFA14A) and does not contain new financial information or significant corporate actions that would immediately impact stock price.

Key Players & Entities

• BlackRock Innovation & Growth Term Trust (company) — Registrant
• 0001193125-24-160038 (filing_id) — Accession Number
• 20240612 (date) — Filing Date

FAQ

Key Financial Figures

• $2.4 — Year* in 2023. Responsible for roughly $2.4 trillion in assets, Rick Rieder is a me

Filing Documents

• d68356ddefa14a.htm (DEFA14A) — 14KB
• g841662dsp001a.jpg (GRAPHIC) — 172KB
• g841662dsp001b.jpg (GRAPHIC) — 157KB
• g841662dsp001c.jpg (GRAPHIC) — 156KB
• g841662dsp002.jpg (GRAPHIC) — 51KB
• 0001193125-24-160038.txt ( ) — 753KB

From the Filing

INNOVATION AND GROWTH TERM TRUST BLACKROCK INNOVATION AND GROWTH TERM TRUST 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. BlackRock Proposals BlackRock Nominees BlackRock Portfolio Managers BlackRock Funds Truth About Saba BLACKROCK CLOSED-END FUNDS The future of your long-term investment depends on you Closed-end funds (CEFs) have been at the heart of BlackRock since our founding in 1988. At this years Annual Meetings in June, activist hedge fund, Saba Capital Management L.P. (Saba), is attempting to install its own hand-picked nominees with little to no experience, and, in some instances, fire BlackRock as investment manager of one or more CEFs in which you are invested. We are asking all shareholders to make their voices heard. If Saba prevails, your investments may be at risk. Cast your vote Whats at stake How to vote Board nominees Portfolio Managers This proxy season counts. Vote the WHITE proxy card now! ISS backs most BlackRock nominees, rejects Sabas proposals Independent proxy advisor Institutional Shareholder Services (ISS) rejected Sabas proposals and several of its board nominees for certain BlackRock contested CEFs. View press release Glass Lewis supports BlackRock nominees for several CEFs Providing its recommendation in favor of the funds Board nominees at BFZ, BNY and MYN, Glass Lewis fully rejected the nominees put forth by Saba. View press release View press release OUR PERFORMANCE See how we have improved discounts and delivered strong performance Saba has indicated that BlackRock CEFs are not performing as they were intended. This is factually inaccurate. See how we have improved discounts and outperformed benchmarks in recent years. View performance Were setting the record straight Boaz Weinstein, Founder and CIO of Saba, has made several unfounded claims about BlackRock, your Funds and their Boards. We want our shareholders to hear the truth from us. The truth about SABA The stakes could not be higher This proxy season, Saba has launched proxy campaigns targeting BlackRock CEFs, claiming to act in the best interests of shareholders but in reality seeking to benefit itself by making a quick profit at your expense. Here are the two types of proposals Saba is submitting for the shareholder meetings: Director nominations Saba is seeking to install its own hand-picked nominees, including, in some instances, a majority of the Board. Terminate investment management agreement If approved, BlackRock would no longer manage the following Funds - BCAT, BFZ, BIGZ, BMEZ, BSTZ, ECAT. Learn more Board nominees up for election Your qualified Board is under attack by a self-serving activist hedge fund. View some of the BlackRock Board nominees that are up for election. Click below to view the full list. Robert Fairbairn Vice Chairman and member of the Global Executive Committee at BlackRock Cynthia L. Egan Former President of Retirement Plan Services at T. Rowe Price Group. Board Chair for The Hanover Insurance Group and Lead Independent Director for Huntsman Corporation J. Phillip Holloman Former President and Chief Operating Officer of Cintas Corporation and director of PulteGroup, Inc. and Rockwell Automation Inc. View all nominees Lead Portfolio Managers BlackRocks CEFs are managed by some of the industrys most influential thought leaders. Click to view our team of Portfolio Managers that seek to deliver on the Funds investment objectives with decades of experience and recognition. Rick Rieder CIO of Global Fixed Income, Head of Fundamental Fixed Income, and Head of the Global Allocation Investment Team Rick Rieder was named Morningstars Outstanding Portfolio Manager of the Year* in 2023. Responsible for roughly $2.4 trillion in assets, Rick Rieder is a member of BlackRocks Global Executive Committee (GEC) and its GEC Investment Sub-Committee. He also is Chairman of the firm-wide BlackRock Investment Council. View all Portfolio Managers Source *The award process recognizes portfolio managers who Morningstar believes demonstrate the industrys very best attributes, including investment skill and an alignment of interests with the strategies investors. Defend YOUR Fund Make your voices heard and vo

View Full Filing

View this DEFA14A filing on SEC EDGAR