The BlackRock Innovation and Growth Trust, a newly organized and non-diversified closed-end investment management company, currently possesses no operating history. Its primary goals are to generate total return and income, which it aims to achieve through a blend of current earnings, short-term profits, and long-term capital appreciation. It is important to note that the accomplishment of these investment objectives or the success of its investment program cannot be guaranteed. The Trust's investments will largely consist of equity securities from mid- and small-capitalization companies. The Trust's advisor will specifically target innovative growth companies within this market segment, focusing on those believed to have significant earnings growth potential. These are defined as entities that have introduced, or are in the process of introducing, novel products or services capable of disrupting their respective marketplaces.