Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material
June 12 2024 - 5:14PM
Edgar (US Regulatory)
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
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Filed by the Registrant ☒ |
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Filed by a Party other than the Registrant ☐ |
Check the appropriate box: |
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☐ Preliminary Proxy Statement |
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☐ 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
Statement, if Other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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☒ No fee required. |
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☐ Fee paid previously with preliminary materials. |
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☐ 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 vote for your Directors on the below white proxy cards. BSTZ proxy update ECAT proxy update
BIGZ proxy update MYN proxy update MPA proxy update BCAT proxy update BMEZ proxy update BFZ proxy update MHN proxy update BNY proxy update How do I vote? Cast your vote Were here to help For more information on your investment, email
cef@blackrock.com. If you have any questions about the proposals to be voted, please contact Georgeson LLC (Georgeson), toll free at 1-866-920-4784. Cast your vote This proxy season counts. Vote the WHITE proxy card now! © 2024
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for informational purposes and is subject to change. The information and opinions contained in this website are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable, are not necessarily all-inclusive and are not
guaranteed as to accuracy. Reliance upon information in this website is at the sole discretion of the reader. Click here to access BlackRocks Terms & Conditions and Privacy Policy. © 2024 BlackRock, Inc. or its affiliates. All Rights
Reserved. BLACKROCK and ALADDIN are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
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conditions. We cannot take responsibility for the content provided, and the commitments we make to you related to your use of and access to blackrock.com shall no longer apply. Continue to vote See ISS press release See Glass Lewis press release
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