BlackRock Science and Technology Term Trust Schedules Q2 Payouts, February $0.1625 Short-Term Gains
BlackRock Science and Technology Term Trust will pay monthly distributions for April through June with ex- and record dates on the 15th and month-end payables. On February 27 it distributed $0.1625 per share entirely from net realized short-term gains, totaling $0.325 year-to-date.
1. Q2 Distribution Schedule Announced
BlackRock Science and Technology Term Trust has moved from monthly declarations to quarterly declarations for enhanced visibility while maintaining monthly payout frequency. For April, May and June, ex- and record dates will fall on the 15th of each month with payments disbursed at month-end.
2. February Payout and Composition
On February 27 the Trust distributed $0.1625 per share, fully funded by net realized short-term gains. The Trust's estimated year-to-date distribution through February stands at $0.325 per share, reflecting its managed distribution framework.
3. Potential Implications for NAV and Taxes
These distributions will reduce the Trust’s net asset value by the payout amount each month and may generate immediate tax liabilities since short-term gains are taxed at ordinary income rates. Investors should consider the impact on post-distribution NAV and upcoming tax reporting.