BlackRock 2022 Global Income Opportunity Trust (BGIO) Liquidation Update

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:

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.

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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.

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