BlackRock Science & Technology Trust Business Summary

BlackRock Science & Technology Trust (BST) is a perpetual closed-end management investment company that generates revenue through long-term capital appreciation and dividend income from a diversified portfolio of global technology firms. In a strategic pivot effective November 2025, the Trust eliminated its historical covered call option-writing strategy to prioritize uncapped upside capture from its core holdings. The fund’s primary business segments consist of high-conviction public equities, including dominant players like NVIDIA and Apple, and a strategic sleeve of private, "Level 3" venture-stage investments in companies such as Databricks, Psiquantum, and Anthropic. BST competes in the specialized tech-income market against peers like the Columbia Seligman Premium Technology Growth Fund (STK) and the Abrdn Global Dynamic Dividend Fund (AGD), distinguishing itself through its unique access to private technology and its frequent trading at a discount to Net Asset Value (NAV). The Trust’s leadership is anchored by President and CEO John Perlowski and CFO Trent Walker, both senior BlackRock executives with extensive experience in fund governance and accounting. The investment portfolio is managed by Tony Kim, Managing Director and Head of the Global Technology Team, whose three-decade career includes senior roles at Artisan Partners and Neuberger Berman. He is joined by Portfolio Manager Reid Menge, a former technology research lead at UBS. The Trust is supported by the global infrastructure of BlackRock, Inc., founded by Laurence D. Fink and Robert S. Kapito, and is overseen by an independent Board of Trustees chaired by R. Glenn Hubbard, former Dean of Columbia Business School.