BlackRock Science and Technology Trust (NYSE: BST) and BlackRock Science and Technology Term Trust (NYSE: BSTZ) declared special distributions reflecting realized gains from strong investment performance. The special distributions are $2.3041 per share for BST and $1.4547 per share for BSTZ, in addition to their regular September 2026 monthly payouts. They are payable on September 30, 2026 to shareholders of record as of, and with an ex-date of, September 15, 2026, with final dollar amounts to be set on the ex-date based on shares outstanding.
According to BlackRock, fiscal year-to-date total returns on NAV through June 30, 2026 are 32.7% for BST and 44.5% for BSTZ, with three-year annualized returns of 27.8% and 30.4%, respectively. The company also provided estimates of 2026 distribution sources, including mixes of net realized gains and return of capital, and highlighted that final tax characterizations will be determined after year-end.
BlackRock Science and Technology Trust (NYSE: BST) has completed its transferable rights offer, which ran from June 18 to July 14, 2021. Rights holders could subscribe for up to 8,417,857 common shares at a final price of $52.51 each, equating to 94% of the Trust's net asset value as of the expiration date. The Offer is expected to raise approximately $359 million, with the Trust receiving all proceeds after the Advisor covers related expenses. The funds will be invested according to the Trust's objectives.
The BlackRock Science and Technology Trust (BST) announced an early declaration of its monthly distribution for July, set at $0.226000 per share. Key dates include the declaration on June 9, 2021, ex-dividend date on July 2, 2021, record date on July 6, 2021, and payable date on July 30, 2021. Investors should note that shares acquired after July 1, 2021, will not receive this distribution. The Trust employs a managed distribution plan to maintain consistent distributions, which may include capital gains and returns of capital if necessary.
BlackRock Science and Technology Trust (NYSE: BST) announced its Board approved the issuance of transferable rights to common shareholders as of June 18, 2021. Shareholders can purchase additional shares at a discount, aimed at increasing the Trust's assets for investment opportunities. The Adviser will cover all Offer expenses. Key benefits include growth in technology investments, rewards for shareholders through discounted shares, tax efficiency, enhanced liquidity, and lower operating costs. The Trust expects to maintain its distribution and has scheduled upcoming monthly distributions.