BlackRock 2022 Global Income Opportunity Trust (BGIO) Liquidation Update

Rhea-AI Summary

BlackRock announced a plan of liquidation for BlackRock 2022 Global Income Opportunity Trust (NYSE: BGIO), set to terminate by February 28, 2022. The fund is liquidating its portfolio assets, with a final distribution expected by December 31, 2021. Since the plan's adoption, BGIO has declared $6.6504 per share in liquidating distributions, including $0.05 regular monthly distributions. Notably, BGIO has delivered a 6.1% year-to-date market price total return and has paid $7.17 per share in total distributions since inception.

Positive

• Total liquidating distributions of $6.6504 per share declared since June 30.
• 6.1% market price total return year-to-date.
• $7.17 per share in distributions paid since inception.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- In June BlackRock announced a plan of liquidation for BlackRock 2022 Global Income Opportunity Trust (NYSE: BGIO, CUSIP: 09258P104) in accordance with its investment objective of terminating on or before February 28, 2022. Under BGIO’s plan of liquidation, the fund began the process of liquidating portfolio assets and unwinding its affairs and we expect to make a final liquidating distribution by December 31, 2021. BGIO is liquidating earlier than anticipated given the favorable market environment for unwinding its assets and returning shareholder capital in a timely manner.

Since the adoption of the plan of liquidation, BGIO has declared a total of $6.6504 per share in liquidating distributions, including the $0.05 regular monthly distribution per share:

Regular Distribution	Special Distribution	Total Liquidating Distribution	Pay Date	Press Release Link
$0.05	$1.105700	$1.155700	7/30/2021	Distribution Release
$0.05	$1.343000	$1.393000	8/31/2021	Distribution Release
$0.05	$1.490200	$1.540200	9/30/2021	Distribution Release
$0.05	$0.444100	$0.494100	10/29/2021	Distribution Release
$0.05	$2.017400	$2.067400	11/30/2021	Distribution Release

All liquidating distributions paid after the date of the adoption of the plan of liquidation (June 30^th) are return of capital distributions which lower an investor’s cost basis in the shares of the fund – see July/August Form 8937 and September Form 8937 for additional detail.

BGIO has a 6.1% market price total return year to date and has delivered an annualized total return of 4.7% on market price since inception through September 30, 2021. The fund has paid $7.17 per share in distributions since inception (not including the $2.07 distribution payable on 11/30/2021).

Shareholders should consult their tax advisor concerning the application of this information.

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 Fund Updates

BlackRock will update performance and certain other data for the Funds 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 Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds 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 a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s or 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 Funds, 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 Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a 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, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities 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 Funds 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 Funds. The information contained on BlackRock’s website is not a part of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211103005960/en/

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Source: BlackRock Closed-End Funds

FAQ

What is the BGIO liquidation plan announced by BlackRock?

BlackRock's BGIO liquidation plan aims to terminate the fund by February 28, 2022, liquidating assets and returning capital to shareholders.

When will the final liquidating distribution for BGIO be paid?

The final liquidating distribution for BGIO is expected by December 31, 2021.

What has been the total return for BGIO year-to-date?

BGIO has delivered a 6.1% market price total return year-to-date.

How much has BGIO declared in liquidating distributions?

BGIO has declared a total of $6.6504 per share in liquidating distributions since the adoption of the liquidation plan.

What is the expected annualized total return for BGIO since inception?

BGIO has delivered an annualized total return of 4.7% on market price since inception through September 30, 2021.