Company: BSTZ
Filing Date: 2025-09-04
Form Type: N-CSRS
Source: 0001193125-25-196080
Chunk: 2

Company: BlackRock Science & Technology Term Trust
Filing Date: 2025-09-04
Form: N-CSRS
Chunk 2
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 these distributions or from the terms of the Plan. Each Trust’s total return performance is presented in its financial highlights table.

2 2025 BlackRock Semi-Annual Report to Shareholders

Supplemental Information (unaudited) (continued)

The Board may amend, suspend or terminate a Trust’s Plan at any time without prior notice to the Trust ’ s shareholders if it deems such actions to be in the best interests of the Trust or its shareholders. The suspension or termination of the Plan could have the effect of creating a trading discount (if the Trust’s stock is trading at or above net asset value) or widening an existing trading discount. The Trusts are subject to risks that could have an adverse impact on their ability to maintain level distributions. Examples of potential risks include, but are not limited to, economic downturns impacting the markets, changes in interest rates, decreased market volatility, companies suspending or decreasing corporate dividend distributions and changes in the Code. Please refer to BDJ, BME, BST and BUI’s prospectuses for a more complete description of each Trust’s risks.

Supplemental Information 3

Table of Contents

Page

| Supplemental Information                                                 |   2 |
| Option Over-Writing Strategy                                             |   5 |
| Derivative Financial Instruments                                         |   5 |
| Semi-AnnualReport:                                                       |     |
| Trust Summary                                                            |   6 |
| Financial Statements:                                                    |     |
| Schedules of Investments                                                 |  32 |
| Statements of Assets and Liabilities                                     | 111 |
| Statements of Operations                                                 | 114 |
| Statements of Changes in Net Assets                                      | 117 |
| Statements of Cash                                                       
 Flows                                                                    | 123 |
| Financial Highlights                                                     | 127 |
| Notes to Financial Statements                                            | 139 |
| Disclosure of Investment Advisory Agreements and Sub-Advisory Agreements | 155 |
| Additional Information                                                   | 160 |
| Glossary of Terms Used in this Report                                    | 163 |

4

Option Over-Writing Strategy Overview In general, the goal of each of the Trusts is to provide total return through a combination of current income and realized and unrealized gains (capital appreciation). The Trusts seek to pursue these goals primarily by investing in a portfolio of equity securities and also by employing a strategy of writing (selling) call and put options in an effort to generate current gains from option premiums and to enhance each Trust’s risk-adjusted return. Each Trust’s objectives cannot be achieved in all