BlackRock Science and Technology Term Trust (BSTZ), BlackRock Health Sciences Term Trust (BMEZ) and BlackRock Innovation and Growth Term Trust (BIGZ) Announce Changes to Distribution Rates Under Managed Distribution Plans
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Effective with the distribution to be declared on October 2, 2023, each Fund will pay monthly distributions to shareholders at an annual rate of
The annual distribution rate is subject to change at the discretion of each Fund鈥檚 Board of Trustees. Under its Plan, each Fund will distribute all available investment income to its shareholders, consistent with its investment objectives and as required by the Internal Revenue Code of 1986, as amended. If sufficient investment income is not available for a monthly distribution, a Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain its stated annual distribution rate under the Plan.
Shareholders should not draw any conclusions about a Fund鈥檚 investment performance from the terms of the Fund鈥檚 Plan, which is to provide shareholders with a level distribution.
The amounts and sources of distributions for tax reporting purposes will depend upon each Fund鈥檚 investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report distributions for federal income tax purposes.
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About BlackRock
BlackRock鈥檚 purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit
Availability of Fund Updates
BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the 鈥淐losed-end Funds鈥� section of as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock鈥檚 website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock鈥檚 website in this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or the Funds may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Funds or BlackRock鈥檚 future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as 鈥渢rend,鈥� 鈥減otential,鈥� 鈥渙pportunity,鈥� 鈥減ipeline,鈥� 鈥渂elieve,鈥� 鈥渃omfortable,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渃urrent,鈥� 鈥渋ntention,鈥� 鈥渆stimate,鈥� 鈥減osition,鈥� 鈥渁ssume,鈥� 鈥渙utlook,鈥� 鈥渃ontinue,鈥� 鈥渞emain,鈥� 鈥渕aintain,鈥� 鈥渟ustain,鈥� 鈥渟eek,鈥� 鈥渁chieve,鈥� and similar expressions, or future or conditional verbs such as 鈥渨ill,鈥� 鈥渨ould,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� 鈥渕ay鈥� or similar expressions.
BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.
With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or a Fund鈥檚 net asset value; (2) the relative and absolute investment performance of the Funds and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to the Funds or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock鈥檚 ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.
Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (鈥淪EC鈥�) are accessible on the SEC's website at and on BlackRock鈥檚 website at , and may discuss these or other factors that affect the Funds. The information contained on BlackRock鈥檚 website is not a part of this press release.
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Source: BlackRock Closed-End Funds
