Company: BSTZ
Filing Date: 2025-09-04
Form Type: N-CSRS
Source: 0001193125-25-196080
Chunk: 78

Company: BlackRock Science & Technology Term Trust
Filing Date: 2025-09-04
Form: N-CSRS
Chunk 78
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 issue an unlimited number of shares, with the exception of CII, all of which were initially classified as Common Shares. CII is authorized to issue 200 million Common Shares. The par value for each Trust’s Common Shares is $0.001, except for CII, which is $0.10. The Board is authorized, however, to reclassify any unissued Common Shares to Preferred Shares without the approval of Common Shareholders. BDJ, BME, BST and BUI have each filed a prospectus with the SEC allowing them to issue an additional 40,000,000, 4,000,000, 18,000,000 and 8,000,000 Common Shares, respectively, through an equity Shelf Offering. Under the Shelf Offerings, BDJ, BME, BST and BUI, subject to market conditions, may raise additional equity capital from time to time in varying amounts and utilizing various offering methods at a net price at or above each Trust’s NAV per Common Share (calculated within 48 hours of pricing). As of period end, 40,000,000, 3,332,695, 15,661,634 and 7,473,143 Common Shares, respectively, remain available for issuance under the Shelf Offerings. During the six months ended June 30, 2025, BDJ, BME, BST and BUI issued 0, 0, 0 and 130,020 shares, respectively, under the Trust ’ s respective current Shelf Offering and the Trust ’ s prior Shelf Offering. See Additional Information — Shelf Offering Program for additional information. Initial costs incurred by each of BDJ, BME, BST and BUI in connection with their Shelf Offerings are recorded as “Deferred offering costs” in the Statements of Assets and Liabilities. As shares are sold, a portion of the costs attributable to the shares sold will be charged against paid-in-capital. Any remaining deferred charges at the end of the Shelf Offering period will be charged to expense. For the periods shown, shares issued and outstanding increased by the following amounts as a result of shares issued through the Shelf Offering:

|            | Six Months Ended | Year Ended |
|:-----------|-----------------:|-----------:|
| Trust Name |         06/30/25 |   12/31/24 |
| BST        |                — |    236,917 |
| BUI        |          130,020 |     55,243 |

For the periods