BlackRock Science & Technology Trust II: management transactions · United States · SEC (Form 4)

About BlackRock Science & Technology Trust II

BlackRock Science & Technology Trust II (BSTZ) is a U.S.-listed closed-end investment trust managed within the BlackRock platform. It trades on the NYSE in the United States and is designed for investors seeking targeted exposure to the science and technology theme through an actively managed listed vehicle. For international equity investors, BSTZ is best understood not as an operating company, but as an exchange-traded investment trust that pools capital and deploys it into a diversified portfolio of technology-related securities. BSTZ’s stated objective is to deliver total return and income, with a primary emphasis on long-term capital appreciation. Under normal market conditions, the trust invests at least 80% of its total assets in equity securities issued by U.S. and non-U.S. science and technology companies across any market-cap range, selected for their rapid and sustainable growth potential derived from the development, advancement and use of science and/or technology. In practical terms, that puts BSTZ in the heart of innovation-led equities: software, semiconductors, internet platforms, digital infrastructure, automation, data-centric businesses and other technology-enabled growth franchises. The fund’s competitive position is closely tied to the BlackRock brand, which provides scale, research depth and institutional distribution. BlackRock is one of the world’s largest asset managers, and that matters for BSTZ because the fund benefits from a large platform, disciplined portfolio construction and the ability to source exposure across public and, where relevant, private market opportunities as the broader BlackRock ecosystem evolves. BSTZ also stands out because it combines thematic growth exposure with an income-oriented closed-end fund structure, which may appeal to investors who want technology participation without relying solely on pure price appreciation. Geographically, BSTZ is global in nature. Although the U.S. technology complex typically remains a core driver of returns in this strategy, the mandate explicitly allows investment in both U.S. and non-U.S. companies. That gives the portfolio manager flexibility to pursue innovation wherever it emerges, rather than restricting the trust to domestic names only. The vehicle is also described by BlackRock as a limited-term closed-end equity fund, an important structural feature because the term profile can influence valuation dynamics, discount/premium behavior and portfolio management considerations. Recent developments in 2025 highlight that BlackRock continues to actively manage and update its closed-end fund platform. The firm has published fresh fund commentary and product updates for BSTZ, and in late 2025 it announced an investment strategy update removing the options-writing strategy from the trust. That is meaningful for investors because it can change the fund’s return profile, upside capture and income-generation mechanics. For French-speaking European investors screening U.S. listed income-plus-growth vehicles, BSTZ is therefore a BlackRock-managed NYSE-listed solution in the United States that offers concentrated access to global technology equities, with attention warranted on discount/premium levels, distribution policy and ongoing strategy adjustments.