BlackRock Utilities, Infrastructure & Power Opportunities Trust DEF 14AProxy Statements

Questions and Answers

Questions and Answers Q: Why am I receiving the joint proxy statement? A: Each Fund is required to hold an annual meeting of shareholders for the election of Board Members. This joint proxy statement describes a proposal to approve the nominees to the Board of the Fund(s) in which you own shares and provides you with other information relating to the meeting. The enclosed proxy card(s) indicate the Fund(s) in which you own shares. The table starting on page 8 of the joint proxy statement identifies the Board Members, including the Board Nominees, for each Fund. Q: Will my vote make a difference? A: YES. Your vote is very important and can make a difference in the governance and management of your Fund(s), no matter how many shares you own. We encourage all shareholders to participate in the governance of their Fund(s). Your vote can help ensure that the Board Nominees will be elected. Q: How do the Boards of the Funds recommend that I vote? A: The Boards have reviewed the qualifications and backgrounds of the Board Nominees and believe that the Board Nominees possess the requisite experience in overseeing investment companies and are familiar with the Funds and their investment advisers. The Boards have approved the Board Nominees named in the joint proxy statement, believe their election is in your best interest and unanimously recommend that you vote “ FOR ” each Board Nominee. Q: When and where will the meeting be held? A: The meeting will be held on Wednesday, July 22, 2026, at 10:00 a.m. (Eastern Time). The meeting will be held in a virtual meeting format only. Shareholders will not have to travel to attend the meeting but will be able to view the meeting live and cast their votes by accessing a web link. Q: How do I vote my shares? A: You can authorize a proxy to vote your shares by telephone, by calling the toll-free number on the proxy card(s) or on the Important Notice Regarding the Availability of Proxy Materials for the Joint Annual Meeting of Shareholders to be Held on July 22, 2026 (the “Notice of Internet Availability of Proxy Materials”), by going to the Internet address provided on the Notice of Internet Availability of Proxy Materials or proxy card(s) and following the instructions or through the ProxyVote app. If you authorize a proxy to vote your shares by telephone, via the Internet or through the ProxyVote app, you will be asked to enter