Company: BSTZ
Filing Date: 2025-09-04
Form Type: N-CSRS
Source: 0001193125-25-196080
Chunk: 99

Company: BlackRock Science & Technology Term Trust
Filing Date: 2025-09-04
Form: N-CSRS
Chunk 99
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; providing marketing and product updates for the closed-end funds; and maintaining and enhancing its closed-end fund website. Conclusion At the June Meeting, in a continuation of the discussions that occurred during the May Meeting, and as a culmination of the Board’s year-long deliberative process, the Board, including the Independent Board Members, unanimously approved the continuation of the Advisory Agreements between the Manager and each Fund for a one-year term ending June 30, 2026, and the Sub-Advisory Agreements among the Manager, the Sub-Advisor and each of BGR, BOE, BGY, BCX and BUI for a one-year term ending June 30, 2026. Based upon its evaluation of all of the aforementioned factors in their totality, as well as other information, the Board, including the Independent Board Members, was satisfied that the terms of the Agreements were fair and reasonable and in the best interest of each Fund and its shareholders. In arriving at its decision to approve the Agreements, the Board did not identify any single factor or group of factors as all-important or controlling, but considered all factors together, and different Board Members may have attributed different weights to the various factors considered. The Independent Board Members were advised by independent legal counsel throughout the deliberative process.

Disclosure of Investment Advisory Agreements and Sub-Advisory Agreements 159

Additional Information

Proxy Results At a Special Meeting of Shareholders of BlackRock Technology and Private Equity Term Trust (the "Trust"), held on April 17, 2025, Fund shareholders were asked to vote on the following proposals: Proposal 1. To approve an amendment to the Trust’s fundamental investment restriction with respect to industry concentration to allow the Trust to concentrate its investments in companies operating in one or more industries within the technology group of industries. With respect to this Proposal, the shares of the Trust were voted as follows:

|     |   Votes For | Votes Against | VotesAbstain |
| BTX | 103,516,399 |     2,795,926 |      732,630 |

Proposal 2. To approve a change in the Trust ’ s status from diversified to non-diversified as such terms are defined under the Investment Company Act of 1940, as amended (the “1940 Act”). With respect to this Proposal, the shares of the Trust were voted as follows:

|     |   Votes For | Votes Against | VotesAbstain |
| BTX | 103,045,937 |