Company: BSTZ
Filing Date: 2025-03-07
Form Type: N-CSR
Source: 0001193125-25-049659
Chunk: 5

Company: BlackRock Science & Technology Term Trust
Filing Date: 2025-03-07
Form: N-CSR
Chunk 5
---
. Pursuant to Rule 18f-4 under the 1940 Act, among other things, the Trusts must either use derivative financial instruments with embedded leverage in a limited manner or comply with an outer limit on fund leverage risk based on value-at-risk. The Trusts ’ successful use of a derivative financial instrument depends on the investment adviser’s ability to predict pertinent market movements accurately, which cannot be assured. The use of these instruments may result in losses greater than if they had not been used, may limit the amount of appreciation a Trust can realize on an investment and/or may result in lower distributions paid to shareholders. The Trusts ’ investments in these instruments, if any, are discussed in detail in the Notes to Financial Statements.

Option Over-Writing Strategy / Derivative Financial Instruments 5

Trust Summary as of December 31, 2024 BlackRock Energy and Resources Trust (BGR)

Investment Objective BlackRock Energy and Resources Trust ’ s ( BGR ) (the “ Trust ”) investment objective is to provide total return through a combination of current income and long-term capital appreciation. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets in equity securities of energy and natural resources companies and equity derivatives with exposure to the energy and natural resources industry. The Trust may invest directly in such securities or synthetically through the use of derivatives. The Trust seeks to pursue this goal primarily by investing in a portfolio of equity securities and also by employing a strategy of writing (selling) call and put options. No assurance can be given that the Trust’s investment objective will be achieved. Trust Information

| Symbol on New York Stock Exchange                                                     
 Initial Offering Date                                                                 
 Current Distribution Rate on Closing Market Price as of December 31, 2024 ($12.61)(a) |               BGR 
 December 29, 2004 
             9.26% |
|:--------------------------------------------------------------------------------------|------------------:|
| Current Monthly Distribution per Common                                               
 Share(b)                                                                              |         $0.097300 |
| Current Annualized Distribution per Common Share(b)                                   |         $1.167600 |

| (a) | Current distribution rate on closing market price is calculated by dividing the current annualized distribution per share by the closing market price. The current 
 distribution rate mayconsist of income, net realized gains and/or a return of                                                                                      
 capital. Past performance is not an indication of future results.                                                                                                  |
| (b) | The