Company: BSTZ
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049659
Chunk: 50

Company: BlackRock Science & Technology Term Trust
Filing Date: 2025-03-07
Form: N-CSR
Chunk 50
---
,230 |
| Closing balance, as of December 31, 2024                                                               |  $48,285,769 |    $394,763,266 |  $443,049,035 |
| Net change in unrealized appreciation (depreciation) on investments still held at December 31, 2024(b) | $(7,380,687) |   $(40,449,642) | $(47,830,329) |

The following table summarizes the valuation approaches used and unobservable inputs utilized by the BlackRock Valuation Committee (the “Valuation Committee”) to determine the value of certain of the Trust’s Level 3 financial instruments as of period end.

|                  |       Value | Valuation Approach | UnobservableInputs    | Range ofUnobservableInputsUtilized(a) | WeightedAverage ofUnobservableInputs Basedon Fair Value |
| Assets           |             |                    |                       |                                       |                                                         |
| Common Stocks    | $48,285,769 | Market             | Revenue Multiple      | 7.50x - 21.00x                        | 14.36x                                                  |
|                  |             |                    | Gross Profit Multiple | 10.00x                                | —                                                       |
| Preferred Stocks | 394,763,266 | Market             | Revenue Multiple      | 0.95x - 21.00x                        | 9.54x                                                   |
|                  |             |                    | Time to Exit          | 0.5 - 5.0 years                       | 2.7 years                                               |

98 2024 BlackRock Annual Report to Shareholders

Schedule of Investments (continued) December 31, 2024 BlackRock Innovation and Growth Term Trust (BIGZ)

| Value        | Valuation Approach | UnobservableInputs         | Range ofUnobservableInputsUtilized(a) | WeightedAverage ofUnobservableInputs Basedon Fair Value |
|              |                    | Volatility                 | 40% - 95%                             | 67%                                                     |
|              |                    | Market Adjustment Multiple | 0.45x - 1.80x                         | 1.37x                                                   |
| $443,049,035 |                    |                            |                                       |                                                         |

| (a) | A                                                                                                 
 significant change in unobservable input could result in a correlated or inverse change in value. |

See notes to financial statements.

Schedule of Investments 99

Schedule of Investments December 31, 2024 BlackRock Resources