"BlackRock Science & Technology Term Trust combines a venture-stage technology portfolio with a covered call writing strategy to deliver monthly income, currently yielding roughly 8.3%."
"The fund generates income through equity stakes in publicly traded and private technology companies, and by writing covered calls on public holdings, which provides premium income."
"The distribution has compressed notably, dropping from roughly $0.22 per share in 2025 to $0.1625, reflecting a shift from floating-rate to level-rate distributions."
BlackRock Science & Technology Term Trust is a closed-end fund that combines a technology portfolio with a covered call strategy to provide monthly income. Currently priced around $23, it yields approximately 8.3%. The fund has a fixed term until 2031 and trades at a discount to net asset value, offering a liquidity event at full value. It generates income from equity stakes in technology companies and covered calls. The distribution has decreased from $0.22 to $0.1625, reflecting a shift to level-rate payments for stability.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]