Tender Offers for BlackRock Science & Technology Term Trust

Form Type: SC TO-C

Filing Date: 2025-01-03

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525000806

Comments: On January 2, 2025, BlackRock Science and Technology Term Trust announced a tender offer for its common shares in conjunction with the results of the Quarterly Measurement Period under its discount management programs. The Funds will repurchase 2.5% of their outstanding shares at 98% of their net asset value (NAV) following a Trigger Event, where shares traded at an average daily discount of greater than 7.50%. The Quarterly Measurement Period ran from October 1, 2024, to December 31, 2024, resulting in a reported average daily discount of -9.61% for BlackRock Science and Technology Term Trust. The tender offer will commence on January 23, 2025, and end on February 24, 2025, unless extended. Shareholders are advised to review the tender offer materials as they contain critical information regarding the process and conditions of the offer.

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