BlackRock Science & Tech Term Trust Files Proxy Materials

Ticker: BSTZ · Form: DEFA14A · Filed: Jul 3, 2024 · CIK: 1768666

Blackrock Science & Technology Term Trust DEFA14A Filing Summary
FieldDetail
CompanyBlackrock Science & Technology Term Trust (BSTZ)
Form TypeDEFA14A
Filed DateJul 3, 2024
Risk Levellow
Pages6
Reading Time7 min
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, sec-filing, governance

TL;DR

BlackRock Science & Tech Trust filed proxy docs. Nothing major, just standard comms.

AI Summary

BlackRock Science & Technology Term Trust filed a Definitive Additional Materials proxy statement on July 3, 2024. This filing relates to the company's proxy materials, which are subject to Section 14(a) of the Securities Exchange Act of 1934. The filing does not appear to contain specific financial figures or proposals but serves as an addendum to previously filed proxy information.

Why It Matters

This filing indicates ongoing corporate governance activities and shareholder communication for BlackRock Science & Technology Term Trust, ensuring transparency in its operations and decisions.

Risk Assessment

Risk Level: low — The filing is a routine proxy statement addendum and does not contain information that suggests immediate or significant risk.

Key Players & Entities

  • BlackRock Science & Technology Term Trust (company) — Registrant
  • Securities Exchange Act of 1934 (legal_document) — Governing legislation for proxy filings
  • DEFA14A (filing_type) — Type of SEC filing

FAQ

What is the purpose of a DEFA14A filing?

A DEFA14A filing is a Definitive Additional Materials filing used in conjunction with proxy statements, providing supplementary information to shareholders regarding company matters.

When was this specific filing made?

This filing was made on July 3, 2024.

Who is the filer of this document?

The filer is BlackRock Science & Technology Term Trust.

What is the Central Index Key (CIK) for BlackRock Science & Technology Term Trust?

The CIK for BlackRock Science & Technology Term Trust is 0001768666.

Does this filing contain specific financial proposals or voting matters?

Based on the provided text, this filing is categorized as 'Definitive Additional Materials' and does not explicitly detail specific financial proposals or voting matters, suggesting it's supplementary to a primary proxy statement.

Filing Stats: 1,723 words · 7 min read · ~6 pages · Grade level 9.8 · Accepted 2024-07-03 14:39:50

Filing Documents

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. blackrock closed-end funds The future of your long-term investment depends on you Closed-end funds (CEFs) have been at the heart of BlackRock since our founding in 1988. At this years Annual Meetings, activist hedge fund, Saba Capital Management L.P. (Saba), is attempting to install its own hand-picked nominees with little to no experience, and, in some instances, fire BlackRock as investment manager of one or more CEFs in which you are invested. We are asking all shareholders to make their voices heard. If Saba prevails, your investments may be at risk. Cast your vote Whats at stake How to vote Board nominees Portfolio Managers This proxy season counts. Vote the WHITE proxy card now! Make your voice heard on BNY and BSTZ. Vote today. Shareholders are rejecting Sabas proposals. Annual meetings for BlackRock New York Municipal Income Trust (BNY) and BlackRock Science and Technology Term Trust (BSTZ) are around the corner. Reject Sabas attempts to drown out individual shareholders and make your voice heard. Vote now Leading independent proxy advisory firms Institutional Shareholder Services Inc. (ISS) and Glass Lewis recently shared recommendations to help shareholders vote with confidence. Glass Lewis and ISS back BlackRock nominees at BNY View press release Glass Lewis and ISS reject Sabas proposal at BSTZ View press release Glass Lewis supports BlackRock nominees at BSTZ View press release OUR PERFORMANCE See how we have improved discounts and delivered strong performance Saba has indicated that BlackRock CEFs are not performing as they were intended. This is factually inaccurate. See how we have improved discounts and outperformed benchmarks in recent years. View performance Were setting the record straight Boaz Weinstein, Founder and CIO of Saba, has made several unfounded claims about BlackRock, your Funds and their Boards. We want our shareholders to hear the truth from us. The truth about SABA The stakes could not be higher This proxy season, Saba has launched proxy campaigns targeting BlackRock CEFs, claiming to act in the best interests of shareholders but in reality seeking to benefit itself by making a quick profit at your expense. Here are the two types of proposals Saba is submitting for the shareholder meetings: Director nominations Saba is seeking to install its own hand-picked nominees at BNY and BSTZ. Terminate BSTZs investment management agreement If approved, BlackRock would no longer manage BSTZ. Whats at stake How to vote Board nominees Portfolio Managers This proxy season counts. Vote the WHITE proxy card now! Learn more > Cast your vote BSTZ proxy update ECAT proxy update BIGZ proxy update MYN proxy update MPA proxy update BCAT proxy update BMEZ proxy update BFZ proxy update MHN proxy update BNY proxy update Defend YOUR Fund Make your voices heard and vote for your Directors on the below WHITE proxy cards. © 2024 BlackRock, Inc. All rights reserved. FOR EXISTING SHAREHOLDER USE ONLY NOT FOR FURTHER DISTRIBUTION. Investing involves risk, including possible loss of principal. Past performance is not a guarantee or a reliable indicator of future results. No part of this website may be duplicated in any form by any means or redistributed without BlackRocks prior written consent. This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This website is strictly for informational purposes and is subject to change. The information and opinions contained in this website are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. Reliance upon information in this website is at the sole discretion of the reader. Click here to access BlackRocks Terms & Conditions and Privacy Policy. © 2024 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and ALADDIN are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their

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