On September 5, 2019, the Board of Directors/Trustees of BlackRock Credit Allocation Income Trust approved a Managed Distribution Plan of the Fund. Pursuant to the Plan, the Fund will pay a monthly distribution of $0.0839 per unit to shareholders at a stated annual rate as a percentage of the 3-month average net asset value as of July 31, 2019 for each applicable Fund. The stated annual distribution rate and monthly distribution amount per share for each Fund are set out in the table below. Payment of monthly distributions under each Fund’s Plan will commence in October 2019. Relevant dates for the first distribution under each Fund’s Plan will be announced after the close of business on October 1, 2019.