BlackRock's BSTZ Expires in 2031 and Forces a Reckoning: What Happens to Your Pre-IPO Positions

BlackRock Science & Technology Term Trust (NYSE:BSTZ) is a closed-end fund with a fixed expiration date and a covered call overlay. More than 30% of its portfolio is allocated to private, pre-IPO companies, giving investors exposure to assets that are typically inaccessible through a standard brokerage account. The article is descriptive rather than event-driven, with limited immediate market impact.