Certain BlackRock Sector Equity Closed-End Funds Announce Updates to Investment Objectives and Principal Investment Strategies - Seite 2

 

The Trust’s investment objectives are to provide total return and income primarily through long-term capital appreciation.

BlackRock Health Sciences Term Trust

 

BMEZ

 

The Trust’s investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation.

 

The Trust’s investment objectives are to provide total return and income primarily through long-term capital appreciation.

BlackRock Science and Technology Trust

 

BST

   

BlackRock Science and Technology Term Trust

 

BSTZ

   

BlackRock Technology and Private Equity Term Trust

 

BTX

   

Investment strategy update

In addition to changing the Funds’ respective investment objectives, each Board also approved changing the Funds’ principal investment strategies to remove the options writing strategy. BlackRock Advisors, LLC (“BlackRock”), each Fund’s investment advisor, believes the removal of such strategy will better align the Funds’ principal investment strategies with shareholder interests and expectations for equity closed-end funds. In addition, BlackRock believes that removing the options writing strategy has the potential to allow each fund to capture more capital appreciation, with the goal of outperforming broad equity indices over a full cycle using the benefits of the closed-end fund structure. The Funds’ updated strategies could also potentially lead to greater distribution stability, improved trading and lower discounts.

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