BlackRock Income and Growth Investment Trust Details Share Capital and Treasury Shares as of July 22, 2026

Issued Share Capital and Voting Rights at BlackRock Income and Growth

Operating as a closed-ended investment trust, BlackRock Income and Growth Investment Trust plc has disclosed its capital structure in line with FCA regulations. As of 22 July 2026, the trust has 18,554,568 Ordinary Shares of 1 pence each in active circulation, excluding treasury shares. Each share grants one vote, providing a clear voting framework for shareholders at general meetings and on corporate resolutions.

The figure of 18,554,568 shares in issue serves as the denominator for shareholders to determine notification requirements under FCA Disclosure Guidance and Transparency Rules provision 5.6.1. This is vital for investors monitoring their holdings and ensuring compliance when crossing regulatory notification thresholds. The one-vote-per-share system aligns with standard governance practices for investment trusts.

Treasury Shares and Their Role in Capital Management

As of 22 July 2026, BlackRock Income and Growth Investment Trust holds 10,081,532 Ordinary Shares in treasury, representing 35.21% of total issued capital including treasury shares. These treasury shares do not carry voting rights and are excluded from the active share count used for regulatory notifications. This sizeable treasury holding reflects strategic capital management by the trust's board and management team.

Treasury shares offer flexibility for corporate actions such as future shareholder distributions, share buyback funding, or capital raising through reissuance without requiring shareholder approval at general meetings. Holding over one-third of total issued capital in treasury indicates the trust maintains optionality in its capital structure. Including treasury shares, total issued capital stands at 28,636,100 shares, a common capital management approach among investment trusts to support strategic objectives.

Compliance with FCA Transparency and Disclosure Rules

This announcement confirms BlackRock Income and Growth Investment Trust plc’s compliance with FCA Disclosure Guidance and Transparency Rules provision 5.6.1, which mandates listed companies to disclose updates to voting rights and capital structure. This ensures investors and the market receive timely, accurate information about the company’s capitalisation and voting arrangements, facilitating transparency and enabling shareholders to assess notification obligations.

The trust has designated 18,554,568 as the denominator for shareholders to use when calculating notification thresholds for interests or changes in interests under FCA rules. This clear specification eliminates ambiguity regarding which capital figure applies, ensuring consistent application across the market. By providing this alongside treasury share disclosures, the company meets its transparency obligations and supports orderly market functioning.

Investment Trust Structure and Capital Strategy

BlackRock Income and Growth Investment Trust plc operates as a closed-ended investment trust, differing from open-ended funds by maintaining a fixed capital base subject to board discretion on share buybacks and issuances. This structure impacts capital management and liquidity compared to open-ended funds where investors redeem shares directly with the manager.

The trust’s dual focus on income and growth is reflected in its capital strategy. The substantial treasury holding—over one-third of total issued capital—demonstrates a preference for retaining capital flexibility instead of fully deploying shareholder funds at all times. This enables management to capitalize on market opportunities, support shareholder returns via buybacks or special distributions, and manage share price discounts or premiums without immediate capital raises or portfolio sales.

Shareholder Notification Requirements and Voting Rights Calculations

Under FCA Disclosure Guidance and Transparency Rules, shareholders must notify the company and market when crossing specified voting rights thresholds. The announcement specifies that the denominator for these calculations is 18,554,568 shares in active circulation. This ensures consistent baseline application for thresholds at 3%, 5%, 10%, or other levels.

The distinction between active shares and treasury shares is essential, as treasury shares lack voting rights and are excluded from the denominator. Shareholders’ voting interest percentages are calculated relative to the 18,554,568 active shares only, not the total 28,636,100 including treasury shares. This approach aligns with UK listed company standards, ensuring only voting shares determine notification obligations.

Details of Share Class and Nominal Capital

All shares are Ordinary Shares with a nominal value of 1 pence each, providing a uniform equity class with equal rights and ranking. The aggregate nominal value of active shares is a3185,545.68, with treasury shares valued at a3100,815.32 nominally, forming the total nominal capital base. While nominal value differs from market capitalisation and net asset value, it serves as a standard reference for corporate and regulatory purposes.

The uniform share class simplifies governance and shareholder rights, ensuring equal voting power and dividend ranking. Although the market price as of 22 July 2026 was not disclosed, investors typically focus on net asset value and share price premium or discount for investment decisions rather than nominal values.

BlackRock Investment Management Oversight and Shareholder Contact

BlackRock Income and Growth Investment Trust plc is managed by BlackRock Investment Management (UK) Limited, a subsidiary of BlackRock, a leading global asset manager. Kevin Mayger, Company Secretary at BlackRock Investment Management (UK) Limited, is the designated contact for inquiries. Shareholders or market participants can reach him at 0207 743 1098 for questions about capital structure, voting rights, or regulatory compliance.

BlackRock’s management provides operational infrastructure and governance, supporting portfolio management, regulatory reporting, and shareholder communications. The appointment of a named Company Secretary with published contact details underscores the trust’s commitment to transparency and responsive governance.

Date and Timing of Capital Structure Disclosure

The capital structure update was announced on 22 July 2026, the same date as the reported figures. This timely disclosure reflects the company’s adherence to regulatory requirements and commitment to providing current, accurate information to shareholders and the market. It fulfills FCA obligations for prompt notification of changes to voting rights and capital structure.

Investors should note these figures represent a snapshot as of 22 July 2026. Capital structure may change due to market conditions, share buybacks, treasury share transactions, or other corporate actions between this date and future disclosures. This date now serves as the reference point for all related calculations, including notification thresholds and voting rights.

Investor Implications for Monitoring Holdings and Market Activity

The detailed disclosure enables investors to accurately calculate their percentage interests and comply with regulatory notification requirements. Knowing that 18,554,568 shares form the denominator allows precise determination of thresholds at 3%, 5%, 10%, or higher that trigger disclosure obligations. This is critical for fund managers, institutional investors, and significant shareholders.

The large treasury holding of 10,081,532 shares (35.21% of total capital) signals management’s intent to maintain capital flexibility. Depending on market conditions and strategy, treasury shares may be cancelled, reissued to raise capital, used for buybacks, or distributed as special dividends. Understanding this provides insight into potential future corporate actions affecting returns and share structure. No immediate share price impact was publicly reported.