BlackRock Innovation and Growth Trust (the Trust) is a newly-organized, non-diversified, closed-end management investment company with no operating history.

The Trusts investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation.

There can be no assurance that the Trusts investment objectives will be achieved or that the Trusts investment program will be successful The Trust will invest primarily in equity securities issued by mid- and small-capitalization companies that the Trusts adviser believes have above-average earnings growth potential.

In selecting investments for the Trust, the Trusts adviser focuses on mid- and small-capitalization growth companies that are innovative.

These are companies that have introduced, or are seeking to introduce, a new product or service that potentially changes the marketplace.