On July 3, 2023, Saba Capital Management, L.P. announced that Institutional Shareholder Services Inc. (ISS) has supported its case for change at the closed-end funds advised by BlackRock, Inc. In addition, Saba Capital stated that ISS recommended BlackRock Innovation and Growth Term Trust shareholders vote for the election of Mr. Gurevich and for all of Saba’s shareholder proposals on corporate governance on the gold proxy card and do not vote on all incumbent directors (Ms. Egan, Mr. Flores, Ms. Harris and Ms. Lynch) on BlackRock’s white proxy card at the 2023 Annual Meeting of Shareholders, which is scheduled to be held on July 10, 2023.