BlackRock to Host Tax-Loss Harvesting & Closed-End Fund Opportunities Conference Call on December 1, 2022 at 2:00pm ET

BlackRock Advisors, LLC (“BlackRock”) will host a conference call on Thursday, December 1, 2022 at 2:00pm ET featuring portfolio managers Russ Koesterich, Phil Ruvinsky, and Mitchell Garfin.

Funds that will be covered:

• BlackRock Capital Allocation Trust (NYSE: BCAT)
• BlackRock ESG Capital Allocation Trust (NYSE: ECAT)
• BlackRock Innovation and Growth Trust (NYSE: BIGZ)
• BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA)
• BlackRock Floating Rate Income Trust (NYSE: BGT)
• BlackRock Debt Strategies Fund, Inc. (NYSE: DSU)
• BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT)

Check out our latest insights: Fighting inflation with discounted closed-end funds

Call details:

For more information on BlackRock’s closed-end funds, please visit www.blackrock.com/CEF

This document and the information contained herein relates solely to BlackRock ESG Capital Allocation Trust (ECAT), BlackRock Capital Allocation Trust (BCAT), BlackRock Innovation and Growth Trust (BIGZ), BlackRock Floating Rate Income Strategies Fund, Inc. (FRA), BlackRock Floating Rate Income Trust (BGT), BlackRock Debt Strategies Fund, Inc. (DSU) and BlackRock Corporate High Yield Fund, Inc. (HYT) (the “Funds” or the “Trusts”). 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.

Investing involves risks, including possible loss of principal.

Carefully consider each Trust’s or Fund’s investment objective, risk factors and charges and expenses before investing. This and other information can be found in the Trust or Fund’s prospectus which may be obtained by visiting the SEC Edgar database. Read the prospectus carefully before investing.

This material is for informational purposes only and is not intended to be relied upon as research or investment or tax advice, and is not a recommendation, offer or solicitation to purchase or sell any securities or to adopt any investment strategy, nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

Availability of Trust/Fund Updates

BlackRock will update performance and certain other data for the Trust or Fund on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Trust or Fund. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Trust or Fund and does not, and is not intended to, incorporate BlackRock’s website in this release.

Forward-Looking Statements

This press release, and other statements that BlackRock or the Trust or Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Trust or Fund’s BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Trust or Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Trust or Fund or in the Trust’s or Fund’s net asset value; (2) the relative and absolute investment performance of the Trust or Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to the Trust or Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Trust or Fund with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Trust or Fund. The information contained on BlackRock’s website is not a part of this press release.

© 2022 BlackRock, Inc. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc. or its subsidiaries in the United States and elsewhere. All other trademarks are those of their respective owners.

Prepared by BlackRock Investments, LLC, member FINRA

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