BlackRock 2022 Global Income Opportunity Trust (BGIO) Liquidation Update

Rhea-AI Summary

BlackRock Advisors announced the liquidation details for the BlackRock 2022 Global Income Opportunity Trust (NYSE:BGIO). Trading of the Fund's common shares will continue on the NYSE until December 13, 2021, with suspension of trading set for December 14, 2021. The final liquidation is anticipated before December 31, 2021. Post-suspension, updates regarding the liquidation process will be available on BlackRock's website. BlackRock emphasizes its commitment to providing transparency to investors throughout this process.

Positive

• Transparent communication regarding the liquidation process.
• Anticipation of completing liquidation by December 31, 2021.

Negative

• Suspension of trading for BGIO shares may lead to investor losses.
• Liquidation indicates potential poor performance or demand for the Fund.

NEW YORK--(BUSINESS WIRE)-- BlackRock Advisors, LLC today announced additional details related to the liquidation of BlackRock 2022 Global Income Opportunity Trust (NYSE:BGIO, CUSIP: 09258P104) (the “Fund”). The Fund’s common shares will continue to trade the “regular way” on the New York Stock Exchange (NYSE) through December 13, 2021 and will be suspended from trading before the opening of trading on December 14, 2021. The Fund has entered into a plan of liquidation such that it anticipates making its final liquidation before December 31, 2021. Once BGIO’s common shares have been suspended from trading on the NYSE, any subsequent information pertaining to the Fund’s liquidation will be available in the “Press Releases” section of http://www.blackrock.com/CEF.

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/20211203005549/en/

BlackRock

1-800-882-0052

Source: BlackRock Closed-End Funds

FAQ

What is the liquidation timeline for BGIO?

BGIO shares will trade until December 13, 2021, and trading will be suspended on December 14, 2021, with final liquidation expected by December 31, 2021.

How will investors receive updates on BGIO's liquidation?

Investors can find updates on BGIO's liquidation process in the 'Press Releases' section of BlackRock's website.

What does the liquidation of BGIO mean for investors?

The liquidation may result in losses for investors, as the Fund's shares will no longer be traded.

Where can I find more information about BlackRock's funds?

Additional information about BlackRock's funds can be found on their website under the 'Closed-end Funds' section.