BlackRock Tech Trust Files Proxy Statement

TL;DR

BlackRock Tech Trust filed its proxy statement, shareholders will vote on company matters soon.

AI Summary

BlackRock Science & Technology Term Trust filed a Definitive Proxy Statement (DEFA14A) on June 13, 2024. This filing is related to the company's proxy materials, which are used to solicit votes from shareholders for various corporate actions. The filing does not contain specific financial figures or proposals but serves as official notification to the SEC regarding the distribution of proxy materials.

Why It Matters

This filing is a standard regulatory requirement for public companies to inform shareholders about upcoming votes and corporate governance matters, ensuring transparency and shareholder participation.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEFA14A) and does not contain new financial information or significant corporate actions that would immediately impact stock price.

Key Players & Entities

• BlackRock Science & Technology Term Trust (company) — Registrant
• 100 Bellevue Parkway, Wilmington, DE 19809 (location) — Business and Mail Address
• 800 882 0052 (phone_number) — Business Phone
• 20190227 (date) — Former Company Name Change Date
• 20190221 (date) — Former Company Name Change Date

FAQ

Key Financial Figures

• $118m — y narrowed discount to NAV2 19.9% 11.1% $118m 12/31/2022 5/31/2024 Value for sharehol
• $42m — buyback program to mitigate discounts1 $42m +$9m Shares repurchased NAV accretion f
• $9m — ck program to mitigate discounts1 $42m +$9m Shares repurchased NAV accretion for ou

Filing Documents

• d824987ddefa14a.htm (DEFA14A) — 13KB
• g824987g01g01.jpg (GRAPHIC) — 488KB
• g824987g02g02.jpg (GRAPHIC) — 282KB
• 0001193125-24-160444.txt ( ) — 1075KB

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) BSTZs annual meeting is June 18. Vote today: Defend your fund, save your income. Dear Fellow Shareholder, BlackRock is fighting to protect your fund, but we need your support. A self-interested hedge fund is attempting to install their own hand-picked Board nominees to BSTZs Board. Their goal? A quick profit at the expense of your long-term investment. This is not Sabas first takeover attempt, and where they have taken control, shareholders have paid the price with underperformance, deeper discounts, and higher fees. Together, we can prevent a forced takeover and a negative outcome for shareholders. Vote todayonly with your vote can we save your investment and financial future. Thank you, Stephen Minar Managing Director, Closed-End Funds BlackRock delivers for you. This is what is at stake: Returns that outperform peers1 Total shareholder returns (Jan. 2023 to YTD 2024) 29.4% 22.1% BSTZ Benchmark Significantly narrowed discount to NAV2 19.9% 11.1% $118m 12/31/2022 5/31/2024 Value for shareholders Share buyback program to mitigate discounts1 $42m +$9m Shares repurchased NAV accretion for our shareholders Discount management program to increase your annual liquidity at NAV 9.8% Discount management program3 Glass Lewis recommends4: Vote FOR ALL incumbent BSTZ Board nominees Vote AGAINST Sabas proposal to terminate the investment management agreement between BSTZ and BlackRock Institutional Shareholder Services (ISS) recommends5: Vote AGAINST Sabas proposal to terminate the investment management agreement between BSTZ and BlackRock ? How should you vote? FOR the Class II Board Member Nominees AGAINST Sabas proposal to terminate the investment management agreement between BSTZ and BlackRock VOTE NOW! Vote online by following the instructions in the email accompanying this letter ! IMPORTANT:Do not return any gold proxy card from Saba 1 Morningstar as of 5/31/2024; Total shareholder return on price annualized for periods longer than 1 year (assumes dividends are reinvested); Benchmark is the MSCI custom ACWI SMID Growth IT Call Overwrite Index (ex-BSTZ) 2 12/31/2022 5/31/2024; Morningstar/BlackRock data as of 5/31/2024 3 If the funds common shares trade at a discount of more than 7.5% during each of the quarters ended 6/30/24, 9/30/24, 12/31/24 and 3/31/25, the fund intends to offer to repurchase 2.5% of its outstanding common shares at a price equal to 98% of NAV following the end of the applicable quarter. Figure assumes that a tender offer is triggered for each of the quarters listed 4 Permission to cite report was neither sought nor obtained 5 BlackRock Closed-End Funds Press Release (6/11/2024); Permission to cite report was neither sought nor obtained Vote today. Makeyour voice heard to save your fund and your investment. This is no time for taking chances. We ask that you vote today to preserve your Fund: FOR the Class II Board Member Nominees AGAINST Sabas proposal to terminate the investment management agreement between BSTZ and BlackRock ! IMPORTANT: Do not return any gold cards sent to you by Saba How do I vote? Vote online Vote online by following the instructions in the email that accompanies this letter ! Please do NOT send back any proxy card you may receive from Saba If you have already sent back the proxy card received from Saba, you can still change your vote by promptly voting online or by phone by following the instructions on your WHITE proxy card, which will replace any prior vote you previously submitted If you have any questions about the proposals to be voted, please feel free to contact Georgeson LLC (Georgeson), toll free at 1-866-529-3057 Important information about the Fund This material is not an advertisement and is intended for existing shareholder use only. This document and the information contained herein relates solely to BlackRock Science and Technology Term Trust (BSTZ).The information contained herein does not relate to, and is not relevant to, any other fund or product spons

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View this DEFA14A filing on SEC EDGAR