BlackRock Science & Tech Term Trust Files DEFA14A

TL;DR

BST filed more proxy docs, check for updates before voting.

AI Summary

BlackRock Science & Technology Term Trust (BST) is filing a Definitive Additional Materials proxy statement (DEFA14A) on June 21, 2024. This filing relates to the company's proxy materials, which were previously filed. The company is incorporated in Delaware and its fiscal year ends on December 31.

Why It Matters

This filing indicates that the BlackRock Science & Technology Term Trust is providing additional proxy materials to shareholders, which may contain important updates or information relevant to upcoming shareholder votes.

Risk Assessment

Risk Level: low — This is a routine filing of additional proxy materials and does not appear to contain new or significant risks.

Key Players & Entities

• BlackRock Science & Technology Term Trust (company) — Registrant
• DEFA14A (document) — Filing type
• 20240621 (date) — Filing date

FAQ

Key Financial Figures

• $118m — proved the discount by 8.8%, generating $118m in value for shareholders2 Implemented

Filing Documents

• d853268ddefa14a.htm (DEFA14A) — 11KB
• g853268g04a52.jpg (GRAPHIC) — 482KB
• 0001193125-24-164922.txt ( ) — 676KB

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 was adjourned to give you more time to vote-make your voice heard today. The annual meeting will now take place on July 16. BlackRock and your Board continue to deliver for you: Delivered total shareholder returns of 29.4% since 2023, outperforming benchmark1 Improved the discount by 8.8%, generating $118m in value for shareholders2 Implemented a discount management program providing shareholders with an additional 9.8% of annual liquidity at NAV3 Your Board nominees are trusted fiduciaries with a strong track record of protecting your long-term investment Sabas track record is marked by self-interested actions: Sabas true aim is a quick profit for themselves at the expense of your Fund and shareholders like you Sabas nominees are underqualified, have zero closed-end fund expertise and are beholden to Sabas interests, not yours Saba has never launched a closed-end fund-just taken them over. At those funds, Saba pursued riskier strategies that may no longer serve the investment goals of shareholders and have resulted in increased fees and expenses How to vote: Vote directly on the WHITE proxy card or follow instructions to vote online or by phone and make your voice heard BEFORE the meeting on July 16. Leading independent proxy advisors back BlackRock: Glass Lewis recommends voting FOR ALL Board nominees and AGAINST terminating BlackRock as investment manager. Vote today: FOR the Boards Class II Board Member Nominees AGAINST Sabas proposal to terminate BlackRock as BSTZs investment manager ONLINE VOTING CLOSES AT 11:59 PM ET ON JULY 15, 2024 ! IMPORTANT: Do NOT return any gold proxy card from Saba. Only your latest dated proxy card will count. If you have already sent back the proxy card you received from Saba, you can still change your vote by following the instructions and prompting voting on the WHITE proxy card, or online or by phone, 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 sponsored or distributed by BlackRock or any of its affiliates. This document is not an offer to sell any securities and is not a solicitation of an offer to buy any securities. Common shares for the closed-end fund identified above are only available for purchase and sale at current market price on a stock exchange. A closed-end funds dividend yield, market price and NAV will fluctuate with market conditions. The information for this Fund is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Performance results reflect past performance and are no guarantee of future results. Current performance may be lower or higher than the performance data quoted. All returns assume reinvestment of all dividends. The market value and net asset value (NAV) of a funds shares will fluctuate with market conditions. Closed-end funds may trade at a premium to NAV but often trade at a discount. © 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. 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

View Full Filing

View this DEFA14A filing on SEC EDGAR