BlackRock Science & Tech Term Trust Files Proxy Materials

TL;DR

BlackRock Science & Tech Trust filed more proxy docs, shareholders get the info.

AI Summary

BlackRock Science & Technology Term Trust filed a Definitive Additional Materials proxy statement on May 21, 2024. This filing relates to the company's proxy materials, which are being provided to shareholders. The filing does not contain specific financial figures or new proposals but serves as supplementary information to previously distributed proxy statements.

Why It Matters

This filing ensures shareholders receive all necessary information for upcoming votes or decisions related to the BlackRock Science & Technology Term Trust, maintaining transparency and compliance.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement supplement and does not introduce new risks or significant changes to the company's operations or financial standing.

Key Players & Entities

• BlackRock Science & Technology Term Trust (company) — Registrant
• Securities Exchange Act of 1934 (legal_document) — Governing legislation for the filing

FAQ

Filing Documents

• d842074ddefa14a.htm (DEFA14A) — 8KB
• g842074g01g01.jpg (GRAPHIC) — 276KB
• 0001193125-24-143132.txt ( ) — 390KB

From the Filing

SCIENCE AND TECHNOLOGY TERM TRUST BLACKROCK SCIENCE AND TECHNOLOGY TERM TRUST UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Definitive Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 BLACKROCK SCIENCE AND TECHNOLOGY TERM TRUST (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Your vote matters BlackRock Science and Technology Term Trust (NYSE: BSTZ) Dear Shareholder, We are reaching out to notify you of an important announcement that benefits you as a shareholder. On May 20, 2024, BlackRock Science and Technology Term Trust (NYSE: BSTZ) announced a distribution rate increase to 12% of net asset value, payable monthly (+101% relative to the prior distribution rate). We have taken this step to support shareholders of these Funds, consistent with our goal of delivering long-term value. We are focused on enhancing returns for our closed-end fund shareholders and helping them plan for their financial futures, said R. Glenn Hubbard, Chair of the Board of BlackRock Closed-End Funds. Defend YOUR Fund, Save YOUR Income At BSTZs upcoming annual meeting on June 18, activist hedge fund Saba Capital Management (Saba) is putting your dependable, income-paying investment in jeopardy by attempting to install its own hand-picked Board nominees and fire BlackRock, the largest closed-end fund manager, as manager of the Fund. If Saba prevails, your Fundand the consistent monthly income you rely onwill be at risk. BlackRock is fighting for YOU. Vote today on the enclosed WHITE proxy card: FOR the BlackRock Board nominees AGAINST Sabas proposal to terminate the Funds investment management agreement with BlackRock Visit www.blackrock.com/defend to learn more © 2024 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

View Full Filing

View this DEFA14A filing on SEC EDGAR