Fund Description: BlackRock Global Energy and Resources Trust is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The BlackRock Global Energy and Resources Trust seeks to provide total return through a combination of current income and capital appreciation. TRUST STRATEGY: The Trust attempts to achieve this objective by investing primarily in equity securities of companies engaged in the energy and natural resources business and equity derivatives with exposure to the energy and natural resources industry. Under normal market conditions, the Trust will invest at least 80% of its total assets in equity securities of energy and natural resources companies and equity derivatives with exposure to the energy and natural resources industry. Companies in the energy and natural resources industry include those companies involved in the exploration, production or distribution of energy or natural resources, such as gas, oil, metals and minerals as well as related transportation companies and equipment manufacturers. These equity securities may include common stocks, preferred stocks, convertible securities, warrants, depository receipts, equity interests in Canadian Royalty Trusts, and equity interests in master limited partnerships (MLPs). The Trust will not invest more than 25% of the value of its total assets in MLPs. The Trust may invest in companies located anywhere in the world. The Trust expects to invest primarily in companies located in developed countries, but may invest in companies located in emerging markets. The Trust may invest in companies of any size market-capitalization. As part of its investment strategy, the Trust currently intends to employ an option strategy of writing covered call options and, to a lesser extent, put and call options on certain common stocks in its portfolio. The Trust may use strategic transactions for hedging purposes or to enhance gain and may engage in short sales of securities. The Trust does not intend to invest directly in commodities. TRUST MANAGEMENT: The Trust's investment adviser is BlackRock Advisors, LLC and the Trust's sub-advisor is State Street Research & Management Company.