BlackRock Science & Technology Term Trust enters standstill with Saba Capital through 2027

BlackRock Science & Technology Term Trust

Saba withdraws its shareholder proposal for the 2025 annual meeting and agrees to vote with Board recommendations.
Standstill runs until day after the 2027 annual meeting or August 31, 2027, whichever is earlier.
Saba is barred from proxy contests, trustee nominations, open-ending, and other activist actions.
Both sides agree not to make disparaging public statements during the Effective Period.
Agreement resolves activist campaign; Saba retains ability to vote shares held by its RICs via mirror voting.

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