BlackRock Science and Technology Trust II Prices IPO at $20.00 Per Share (BSTZ)

BlackRock Science and Technology Trust II (BSTZ) plans to raise $1 billion in an initial public offering (IPO) on Thursday, July 25th, IPO Scoop reports. The company will issue 50,000,000 shares at $20.00 per share.

Morgan Stanley, BofA Merrill Lynch, UBS Investment Bank, Wells Fargo Securities and Raymond James served as the underwriters for the IPO and Ameriprise Financial Services, Oppenheimer, RBC Capital Markets, Stifel, B. Riley Wealth Management, BB&T Capital Markets, Brookline Capital Markets, Incapital, Janney Montgomery Scott, JonesTrading, Ladenburg Thalmann, Maxim Group, Newbridge Securities Corporation and Pershing were co-managers.

BlackRock Science and Technology Trust II provided the following description of their company for its IPO: “The Trust has adopted restrictions and policies relating to the investment of the Trust’s assets and its activities. Certain of the restrictions are fundamental policies of the Trust and may not be changed without the approval of the holders of a majority of the Trust’s outstanding voting securities (which for this purpose and under the Investment Company Act means the lesser of (i) 67% of the shares represented at a meeting at which more than 50% of the outstanding shares are represented or (ii) more than 50% of the outstanding shares), including class approval by a majority of the Trust’s outstanding preferred shares, if any (which for this purpose and under the Investment Company Act means the lesser of (i) 67% of the preferred shares, as a single class, represented at a meeting at which more than 50% of the Trust’s outstanding preferred shares are represented or (ii) more than 50% of the outstanding preferred shares). “.

BlackRock Science and Technology Trust II was founded in 2019 and has employees. The company is located at 100 Bellevue Parkway, Wilmington, DE 19809, US and can be reached via phone at (800) 882-0052 or on the web at http://www.blackrock.com.

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