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N-CSRS
BlackRock Utilities, Infrastructure & Power Opportunities Trust
<div style="line-height:13.00pt;margin-top:0.00pt;text-align:left;"><span style="color:#000000;font-family:arial narrow;font-size:11pt;font-weight:bold">Investment Objective</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold;margin-left:0%">BlackRock Utilities, Infrastructure & Power Opportunities Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold">s</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold"> (</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold">BUI</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold">) (the “</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold">Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold">”)</span><span style="color:#000000;font-family:arial narrow;font-size:9pt"> investment objectives are to provide total return and income through a combination </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">of current income and long-term capital appreciation. The Trust seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its total </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">assets in equity securities issued by companies that are engaged in the utilities, infrastructure and power opportunities business segments anywhere in the world. The Trust </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">may invest directly in such securities or synthetically through the use of derivatives.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">No assurance can be given that the Trust’s investment objectives will be achieved.</span></div>
<div style="margin-top:11.5pt;"><span style="color:#000000;font-family:arial narrow;font-size:11pt;font-weight:bold">Market Price and Net Asset Value Per Share Summary</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;empty-cells:show;margin-left:12pt;width:535pt">
<tr style="height:16.5pt">
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:323.19pt;"> <div style="line-height:0.5pt;text-align:left;"> <div style="margin-right:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:9pt"> </span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:41.53pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4pt;margin-right:8pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">06/30/26</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:45.53pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:8pt;margin-right:8pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">12/31/25</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:42.97pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:8pt;margin-right:8pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Change</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:41.89pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:8pt;margin-right:8pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">High</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:39.89pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:8pt;margin-right:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Low</span></div> </div> </td> </tr>
<tr style="height:11.5pt">
<td style="background-color:azure;vertical-align:Bottom;width:323.19pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Closing Market Price</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:41.53pt;"> <div style="line-height:10pt;margin-left:6pt;margin-right:10pt;text-align:right;width:25.53pt;"> <div style="display:flex;margin-left:auto;width:25.53pt;"> <div style="display:flex;white-space:nowrap;width:25.53pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:25.53pt">$ </span><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:25.53pt">29.01</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:45.53pt;"> <div style="line-height:10pt;margin-left:10pt;margin-right:10pt;text-align:right;width:25.53pt;"> <div style="display:flex;margin-left:auto;width:25.53pt;"> <div style="display:flex;white-space:nowrap;width:25.53pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:25.53pt">$ </span><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:25.53pt">25.69</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:42.97pt;"> <div style="line-height:10pt;margin-left:10pt;margin-right:10pt;text-align:right;width:22.97pt;"> <div style="display:flex;margin-left:auto;width:22.97pt;"> <div style="display:flex;white-space:nowrap;width:22.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:22.97pt">12.92</span></div> <div style="display:flex;width:22.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:41.89pt;"> <div style="line-height:10pt;margin-left:10pt;margin-right:10pt;text-align:right;width:21.89pt;"> <div style="display:flex;margin-left:auto;width:21.89pt;"> <div style="display:flex;white-space:nowrap;width:21.89pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:21.89pt">$ </span><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:21.89pt">30.62</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:39.89pt;"> <div style="line-height:10pt;margin-left:10pt;margin-right:4pt;text-align:right;width:21.89pt;"> <div style="display:flex;margin-left:auto;width:21.89pt;"> <div style="display:flex;white-space:nowrap;width:21.89pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:21.89pt">$ </span><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:21.89pt">25.69</span></div> </div> </div> </td> </tr>
<tr style="height:10.5pt">
<td style="vertical-align:Bottom;width:323.19pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Net Asset Value</span></div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:41.53pt;"> <div style="line-height:10pt;margin-left:6pt;margin-right:10pt;text-align:right;width:25.53pt;"> <div style="display:flex;margin-left:auto;width:25.53pt;"> <div style="display:flex;white-space:nowrap;width:25.53pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:25.53pt">27.94</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:45.53pt;"> <div style="line-height:10pt;margin-left:10pt;margin-right:10pt;text-align:right;width:25.53pt;"> <div style="display:flex;margin-left:auto;width:25.53pt;"> <div style="display:flex;white-space:nowrap;width:25.53pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:25.53pt">24.56</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:42.97pt;"> <div style="line-height:10pt;margin-left:10pt;margin-right:10pt;text-align:right;width:22.97pt;"> <div style="display:flex;margin-left:auto;width:22.97pt;"> <div style="display:flex;white-space:nowrap;width:22.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:22.97pt">13.76</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:41.89pt;"> <div style="line-height:10pt;margin-left:10pt;margin-right:10pt;text-align:right;width:21.89pt;"> <div style="display:flex;margin-left:auto;width:21.89pt;"> <div style="display:flex;white-space:nowrap;width:21.89pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:21.89pt">28.43</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:39.89pt;"> <div style="line-height:10pt;margin-left:10pt;margin-right:4pt;text-align:right;width:21.89pt;"> <div style="display:flex;margin-left:auto;width:21.89pt;"> <div style="display:flex;white-space:nowrap;width:21.89pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:21.89pt">24.56</span></div> </div> </div> </td> </tr> </table>
29.01
25.69
30.62
25.69
27.94
24.56
28.43
24.56
26548823
<div style="float:left;line-height:13.50pt;text-align:left;width:7.87pt;"><span style="color:#000000;font-family:arial narrow;font-size:11.5pt;font-style:italic;font-weight:bold">9.</span></div><div style="float:left;line-height:13.50pt;margin-left:8.13pt;text-align:left;width:538.00pt;"><span style="color:#000000;font-family:arial narrow;font-size:11.5pt;font-style:italic;font-weight:bold">PRINCIPAL RISKS</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:16.5pt"> </span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">In the normal course of business, each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">invests in securities or other instruments and may enter into certain transactions, and such activities subject each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust to various </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">risks, including among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">(iii) regulation, taxation, tariffs or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Trusts and their </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">investments.</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">BDJ</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">s, BME’s, BST’s and BUI’s prospectuses provide details of the risks to which each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust is subject.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">The</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trusts</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">be subject to mandatory and discretionary liquidity fees under certain circumstances.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold;margin-left:0%">Illiquidity Risk:</span><span style="color:#000000;font-family:arial narrow;font-size:9pt"> Each Trust may invest without limitation in illiquid or less liquid investments or investments in which no secondary market is readily available or which are </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">otherwise illiquid, including private placement securities. A Trust may not be able to readily dispose of such investments at prices that approximate those at which a Trust could </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">sell such investments if they were more widely traded and, as a result of such illiquidity, a Trust may have to sell other investments or engage in borrowing transactions if </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">necessary to raise funds to meet its obligations. Limited liquidity can also affect the market price of investments, thereby adversely affecting a Trust’s NAV and ability to make </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">dividend distributions. Privately issued debt securities are often of below investment grade quality, frequently are unrated and present many of the same risks as investing in </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">below investment grade public debt securities.</span></div><div style="line-height:11.00pt;margin-top:0.00pt;text-align:justify;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold;margin-left:0%">Market Risk:</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">periods of declining interest rates, which would force each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust to reinvest in lower yielding securities. Each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">may also be exposed to reinvestment risk, which is the risk </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">that income from each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust’s portfolio will decline if each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">below each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust portfolio’s current earnings rate.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold;margin-left:0%">Valuation Risk: </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline due </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particular industry or industries. </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">A</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust may invest in illiquid investments. An illiquid investment is any investment that a</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust reasonably expects cannot be sold or disposed of in current market conditions </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. A</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust may experience difficulty in selling illiquid </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended periods in response to company, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust’s NAV to experience significant </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of a</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust may lose value, regardless of the </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">individual results of the securities and other instruments in which a</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust invests. A</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust’s ability to value its investments may also be impacted by technological issues and/or </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">errors by pricing services or other third-party service providers.</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">The price a Trust could receive upon the sale of any particular portfolio investment may differ from a Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">s </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation technique or a price provided by an </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">independent pricing service. Changes to significant unobservable inputs and assumptions (i.e., publicly traded company multiples, growth rate, time to exit) due to the lack of </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">observable inputs may significantly impact the resulting fair value and therefore a Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">s results of operations. As a result, the price received upon the sale of an investment </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">may be less than the value ascribed by a Trust, and a Trust could realize a greater than expected loss or lesser than expected gain upon the sale of the investment.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold;margin-left:0%">Counterparty Credit Risk:</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">The Trusts may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Trusts manage counterparty credit risk by </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">entering into transactions only with counterparties that the Manager believes have the financial resources to honor their obligations and by monitoring the financial stability of </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">those counterparties. Financial assets, which potentially expose the Trusts to market, issuer and counterparty credit risks, consist principally of financial instruments and </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">receivables due from counterparties. The extent of the Trusts</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt"> exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Trusts.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">A derivative contract may suffer a mark-to-market loss if the value of the contract decreases due to an unfavorable change in the market rates or values of the underlying </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">instrument. Losses can also occur if the counterparty does not perform under the contract.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">For OTC options purchased, each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust bears the risk of loss in the amount of the premiums paid plus the positive change in market values net of any collateral held by the </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Trusts should the counterparty fail to perform under the contracts. Options written by the Trusts do not typically give rise to counterparty credit risk, as options written generally </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">obligate the Trusts, and not the counterparty, to perform. The Trusts may be exposed to counterparty credit risk with respect to options written to the extent each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">deposits </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">collateral with its counterparty to a written option.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">With exchange-traded options purchased, there is less counterparty credit risk to the Trusts since the exchange or clearinghouse, as counterparty to such instruments, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">guarantees against a possible default. The clearinghouse stands between the buyer and the seller of the contract; therefore, credit risk is limited to failure of the clearinghouse. </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">While offset rights may exist under applicable law, a Trust does not have a contractual right of offset against a clearing broker or clearinghouse in the event of a default </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">(including the bankruptcy or insolvency).</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold;margin-left:0%">Geographic/Asset Class Risk:</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">A diversified portfolio, where this is appropriate and consistent with a fund’s objectives, minimizes the risk that a price change of a particular </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">investment will have a material impact on the NAV of a fund. The investment concentrations within each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust’s portfolio are disclosed in its Schedule of Investments.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">As of period end, the Trusts listed below invested a significant portion of their assets in securities in the following sectors:</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:12pt;width:535pt">
<tr style="height:13.13pt">
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:450.72pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Sectors</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:84.28pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Trust Name</span></div> </div> </td> </tr>
<tr style="height:11.63pt">
<td style="background-color:azure;vertical-align:Bottom;width:450.72pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Energy</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:84.28pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">BGR, BCX</span></div> </div> </td> </tr>
<tr style="height:10pt">
<td style="vertical-align:Bottom;width:450.72pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Financials</span></div> </div> </td>
<td style="vertical-align:Bottom;width:84.28pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">BGY</span></div> </div> </td> </tr>
<tr style="height:10pt">
<td style="background-color:azure;vertical-align:Bottom;width:450.72pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Health Care</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:84.28pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">BMEZ, BME</span></div> </div> </td> </tr>
<tr style="height:10pt">
<td style="vertical-align:Bottom;width:450.72pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Information Technology</span></div> </div> </td>
<td style="vertical-align:Bottom;width:84.28pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">BOE, CII, BSTZ, BST, BTX</span></div> </div> </td> </tr>
<tr style="height:10pt">
<td style="background-color:azure;vertical-align:Bottom;width:450.72pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Materials</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:84.28pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">BCX</span></div> </div> </td> </tr>
<tr style="height:10.5pt">
<td style="vertical-align:Bottom;width:450.72pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Utilities</span></div> </div> </td>
<td style="vertical-align:Bottom;width:84.28pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">BUI</span></div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Changes in economic conditions affecting such sectors would have a greater impact on the Trusts and could affect the value, income and/or liquidity of positions in such </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">securities.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Certain</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trusts</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">invest a significant portion of their assets in securities within a single or limited number of market sectors. When a fund concentrates its investments in this </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">manner, it assumes the risk that economic, regulatory, political and social conditions affecting such sectors may have a significant impact on the Trust and could affect the </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">income from, or the value or liquidity of, the Trust’s portfolio. Investment percentages in specific sectors are presented in the Schedules of Investments.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Certain</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trusts</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">invest a substantial amount of their assets in issuers located in a single country or a limited number of countries. When a fund concentrates its investments in </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">this manner, it assumes the risk that economic, regulatory, political and social conditions in those countries may have a significant impact on their investment performance and </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">could affect the income from, or the value or liquidity of, the Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">s portfolio. Unanticipated or sudden political or social developments may cause uncertainty in the markets and </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">as a result adversely affect the Trust’s investments. Foreign issuers may not be subject to the same uniform accounting, auditing and financial reporting standards and </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">practices as used in the United States. Foreign securities markets may also be more volatile and less liquid than U.S. securities and may be less subject to governmental </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">supervision not typically associated with investing in U.S. securities. Investment percentages in specific countries are presented in the Schedules of Investments.</span></div><div style="line-height:11.00pt;margin-top:0.00pt;text-align:justify;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Certain</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trusts invest a significant portion of their assets in securities of issuers located in the United States.</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">A decrease in imports or exports, changes in trade regulations, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative “debt ceiling.” Such </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">continue, they may have an adverse impact on the U.S. economy and the issuers in which the Trusts invest.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Certain</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trusts invest a significant portion of their assets in securities of issuers located in Europe or with significant exposure to European issuers or countries. The European </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">financial markets have recently experienced volatility and adverse trends due to concerns about economic downturns in, or rising government debt levels of, several European </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">countries as well as acts of war in the region. These events may spread to other countries in Europe and may affect the value and liquidity of certain of the Trusts</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt"> investments.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Responses to the financial problems by European governments, central banks and others, including austerity measures and reforms, may not work, may result in social unrest </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">and may limit future growth and economic recovery or have other unintended consequences. Further defaults or restructurings by governments and others of their debt could </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">have additional adverse effects on economies, financial markets and asset valuations around the world. The United Kingdom has withdrawn from the European Union, and one </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">or more other countries may withdraw from the European Union and/or abandon the Euro, the common currency of the European Union. These events and actions have </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">adversely affected, and may in the future adversely affect, the value and exchange rate of the Euro and may continue to significantly affect the economies of every country in </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Europe, including countries that do not use the Euro and non-European Union member states. The impact of these actions, especially if they occur in a disorderly fashion, is </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">not clear but could be significant and far reaching. In addition, Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">action, resulting sanctions and resulting future market disruptions in the region are impossible to predict, but have been, and may continue to be, significant and have a severe </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">adverse effect on the region, including significant negative impacts on the economy and the markets for certain securities and commodities, such as oil and natural gas, as well </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">as other sectors.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Certain</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trusts invest a significant portion of their assets in securities of issuers located in China or with significant exposure to Chinese issuers. Investments in Chinese </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">securities, including certain Hong Kong-listed securities, involve risks specific to China. China may be subject to considerable degrees of economic, political and social </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">instability and demonstrates significantly higher volatility from time to time in comparison to developed markets. Chinese markets generally continue to experience inefficiency, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">volatility and pricing anomalies resulting from governmental influence, a lack of publicly available information and/or political and social instability. Internal social unrest or </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">confrontations with other neighboring countries may disrupt economic development in China and result in a greater risk of currency fluctuations, currency non-convertibility, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">interest rate fluctuations and higher rates of inflation. Incidents involving China’s or the region’s security may cause uncertainty in Chinese markets and may adversely affect </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">the Chinese economy and the Fund’s investments. Reduction in spending on Chinese products and services, supply chain diversification, institution of tariffs, sanctions or </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">other trade barriers, or a downturn in any of the economies of China’s key trading partners may have an adverse impact on the Chinese economy. In addition, measures may </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">be taken to limit the flow of capital and/or sanctions may be imposed, which could prohibit or restrict the ability to own or transfer fund assets and may also include retaliatory </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">actions, such as seizure of fund assets.</span></div>
<div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold;margin-left:0%">Illiquidity Risk:</span><span style="color:#000000;font-family:arial narrow;font-size:9pt"> Each Trust may invest without limitation in illiquid or less liquid investments or investments in which no secondary market is readily available or which are </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">otherwise illiquid, including private placement securities. A Trust may not be able to readily dispose of such investments at prices that approximate those at which a Trust could </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">sell such investments if they were more widely traded and, as a result of such illiquidity, a Trust may have to sell other investments or engage in borrowing transactions if </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">necessary to raise funds to meet its obligations. Limited liquidity can also affect the market price of investments, thereby adversely affecting a Trust’s NAV and ability to make </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">dividend distributions. Privately issued debt securities are often of below investment grade quality, frequently are unrated and present many of the same risks as investing in </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">below investment grade public debt securities.</span></div>
<div style="line-height:11.00pt;margin-top:0.00pt;text-align:justify;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold;margin-left:0%">Market Risk:</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">periods of declining interest rates, which would force each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust to reinvest in lower yielding securities. Each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">may also be exposed to reinvestment risk, which is the risk </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">that income from each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust’s portfolio will decline if each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">below each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust portfolio’s current earnings rate.</span></div>
<div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold;margin-left:0%">Valuation Risk: </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline due </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particular industry or industries. </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">A</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust may invest in illiquid investments. An illiquid investment is any investment that a</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust reasonably expects cannot be sold or disposed of in current market conditions </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. A</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust may experience difficulty in selling illiquid </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended periods in response to company, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust’s NAV to experience significant </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of a</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust may lose value, regardless of the </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">individual results of the securities and other instruments in which a</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust invests. A</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust’s ability to value its investments may also be impacted by technological issues and/or </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">errors by pricing services or other third-party service providers.</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">The price a Trust could receive upon the sale of any particular portfolio investment may differ from a Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">s </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation technique or a price provided by an </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">independent pricing service. Changes to significant unobservable inputs and assumptions (i.e., publicly traded company multiples, growth rate, time to exit) due to the lack of </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">observable inputs may significantly impact the resulting fair value and therefore a Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">s results of operations. As a result, the price received upon the sale of an investment </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">may be less than the value ascribed by a Trust, and a Trust could realize a greater than expected loss or lesser than expected gain upon the sale of the investment.</span></div>
<div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold;margin-left:0%">Counterparty Credit Risk:</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">The Trusts may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Trusts manage counterparty credit risk by </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">entering into transactions only with counterparties that the Manager believes have the financial resources to honor their obligations and by monitoring the financial stability of </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">those counterparties. Financial assets, which potentially expose the Trusts to market, issuer and counterparty credit risks, consist principally of financial instruments and </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">receivables due from counterparties. The extent of the Trusts</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt"> exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Trusts.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">A derivative contract may suffer a mark-to-market loss if the value of the contract decreases due to an unfavorable change in the market rates or values of the underlying </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">instrument. Losses can also occur if the counterparty does not perform under the contract.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">For OTC options purchased, each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust bears the risk of loss in the amount of the premiums paid plus the positive change in market values net of any collateral held by the </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Trusts should the counterparty fail to perform under the contracts. Options written by the Trusts do not typically give rise to counterparty credit risk, as options written generally </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">obligate the Trusts, and not the counterparty, to perform. The Trusts may be exposed to counterparty credit risk with respect to options written to the extent each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">deposits </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">collateral with its counterparty to a written option.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">With exchange-traded options purchased, there is less counterparty credit risk to the Trusts since the exchange or clearinghouse, as counterparty to such instruments, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">guarantees against a possible default. The clearinghouse stands between the buyer and the seller of the contract; therefore, credit risk is limited to failure of the clearinghouse. </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">While offset rights may exist under applicable law, a Trust does not have a contractual right of offset against a clearing broker or clearinghouse in the event of a default </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">(including the bankruptcy or insolvency).</span></div>
<div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold;margin-left:0%">Geographic/Asset Class Risk:</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">A diversified portfolio, where this is appropriate and consistent with a fund’s objectives, minimizes the risk that a price change of a particular </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">investment will have a material impact on the NAV of a fund. The investment concentrations within each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust’s portfolio are disclosed in its Schedule of Investments.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">As of period end, the Trusts listed below invested a significant portion of their assets in securities in the following sectors:</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:12pt;width:535pt">
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<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:450.72pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Sectors</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:84.28pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Trust Name</span></div> </div> </td> </tr>
<tr style="height:11.63pt">
<td style="background-color:azure;vertical-align:Bottom;width:450.72pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Energy</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:84.28pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">BGR, BCX</span></div> </div> </td> </tr>
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<td style="vertical-align:Bottom;width:450.72pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Financials</span></div> </div> </td>
<td style="vertical-align:Bottom;width:84.28pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">BGY</span></div> </div> </td> </tr>
<tr style="height:10pt">
<td style="background-color:azure;vertical-align:Bottom;width:450.72pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Health Care</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:84.28pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">BMEZ, BME</span></div> </div> </td> </tr>
<tr style="height:10pt">
<td style="vertical-align:Bottom;width:450.72pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Information Technology</span></div> </div> </td>
<td style="vertical-align:Bottom;width:84.28pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">BOE, CII, BSTZ, BST, BTX</span></div> </div> </td> </tr>
<tr style="height:10pt">
<td style="background-color:azure;vertical-align:Bottom;width:450.72pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Materials</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:84.28pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">BCX</span></div> </div> </td> </tr>
<tr style="height:10.5pt">
<td style="vertical-align:Bottom;width:450.72pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Utilities</span></div> </div> </td>
<td style="vertical-align:Bottom;width:84.28pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">BUI</span></div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Changes in economic conditions affecting such sectors would have a greater impact on the Trusts and could affect the value, income and/or liquidity of positions in such </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">securities.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Certain</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trusts</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">invest a significant portion of their assets in securities within a single or limited number of market sectors. When a fund concentrates its investments in this </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">manner, it assumes the risk that economic, regulatory, political and social conditions affecting such sectors may have a significant impact on the Trust and could affect the </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">income from, or the value or liquidity of, the Trust’s portfolio. Investment percentages in specific sectors are presented in the Schedules of Investments.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Certain</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trusts</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">invest a substantial amount of their assets in issuers located in a single country or a limited number of countries. When a fund concentrates its investments in </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">this manner, it assumes the risk that economic, regulatory, political and social conditions in those countries may have a significant impact on their investment performance and </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">could affect the income from, or the value or liquidity of, the Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">s portfolio. Unanticipated or sudden political or social developments may cause uncertainty in the markets and </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">as a result adversely affect the Trust’s investments. Foreign issuers may not be subject to the same uniform accounting, auditing and financial reporting standards and </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">practices as used in the United States. Foreign securities markets may also be more volatile and less liquid than U.S. securities and may be less subject to governmental </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">supervision not typically associated with investing in U.S. securities. Investment percentages in specific countries are presented in the Schedules of Investments.</span></div><div style="line-height:11.00pt;margin-top:0.00pt;text-align:justify;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Certain</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trusts invest a significant portion of their assets in securities of issuers located in the United States.</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">A decrease in imports or exports, changes in trade regulations, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative “debt ceiling.” Such </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">continue, they may have an adverse impact on the U.S. economy and the issuers in which the Trusts invest.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Certain</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trusts invest a significant portion of their assets in securities of issuers located in Europe or with significant exposure to European issuers or countries. The European </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">financial markets have recently experienced volatility and adverse trends due to concerns about economic downturns in, or rising government debt levels of, several European </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">countries as well as acts of war in the region. These events may spread to other countries in Europe and may affect the value and liquidity of certain of the Trusts</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt"> investments.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Responses to the financial problems by European governments, central banks and others, including austerity measures and reforms, may not work, may result in social unrest </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">and may limit future growth and economic recovery or have other unintended consequences. Further defaults or restructurings by governments and others of their debt could </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">have additional adverse effects on economies, financial markets and asset valuations around the world. The United Kingdom has withdrawn from the European Union, and one </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">or more other countries may withdraw from the European Union and/or abandon the Euro, the common currency of the European Union. These events and actions have </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">adversely affected, and may in the future adversely affect, the value and exchange rate of the Euro and may continue to significantly affect the economies of every country in </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Europe, including countries that do not use the Euro and non-European Union member states. The impact of these actions, especially if they occur in a disorderly fashion, is </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">not clear but could be significant and far reaching. In addition, Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">action, resulting sanctions and resulting future market disruptions in the region are impossible to predict, but have been, and may continue to be, significant and have a severe </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">adverse effect on the region, including significant negative impacts on the economy and the markets for certain securities and commodities, such as oil and natural gas, as well </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">as other sectors.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Certain</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trusts invest a significant portion of their assets in securities of issuers located in China or with significant exposure to Chinese issuers. Investments in Chinese </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">securities, including certain Hong Kong-listed securities, involve risks specific to China. China may be subject to considerable degrees of economic, political and social </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">instability and demonstrates significantly higher volatility from time to time in comparison to developed markets. Chinese markets generally continue to experience inefficiency, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">volatility and pricing anomalies resulting from governmental influence, a lack of publicly available information and/or political and social instability. Internal social unrest or </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">confrontations with other neighboring countries may disrupt economic development in China and result in a greater risk of currency fluctuations, currency non-convertibility, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">interest rate fluctuations and higher rates of inflation. Incidents involving China’s or the region’s security may cause uncertainty in Chinese markets and may adversely affect </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">the Chinese economy and the Fund’s investments. Reduction in spending on Chinese products and services, supply chain diversification, institution of tariffs, sanctions or </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">other trade barriers, or a downturn in any of the economies of China’s key trading partners may have an adverse impact on the Chinese economy. In addition, measures may </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">be taken to limit the flow of capital and/or sanctions may be imposed, which could prohibit or restrict the ability to own or transfer fund assets and may also include retaliatory </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">actions, such as seizure of fund assets.</span></div>
<div style="float:left;line-height:13.50pt;text-align:left;width:13.11pt;"><span style="color:#000000;font-family:arial narrow;font-size:11.5pt;font-style:italic;font-weight:bold">10.</span></div><div style="float:left;line-height:13.50pt;margin-left:2.89pt;text-align:left;width:538.00pt;"><span style="color:#000000;font-family:arial narrow;font-size:11.5pt;font-style:italic;font-weight:bold">CAPITAL SHARE TRANSACTIONS </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:16.5pt"> </span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Each</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:11.00pt"> </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">Trust is authorized to issue an unlimited number of shares, with the exception of CII, all of which were initially classified as Common Shares. CII is authorized to issue </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">200 million Common Shares. The par value for each Trust’s Common Shares is $0.001, except for CII, which is $0.10. The Board is authorized, however, to reclassify any </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">unissued Common Shares to Preferred Shares without the approval of Common Shareholders.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">As of the close of business on March 9, 2026, BUI issued transferrable rights to its Common Shareholders of record, entitling the holders of those rights to subscribe for shares </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">of BUI’s common stock (the “Offer”). Shareholders received one right for each outstanding Common Share owned on the record date. The rights entitled their holders to </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">purchase one new Common Share for every four rights held (1-for-4). The Offer expired on April 2, 2026. BUI received from the Offer gross proceeds of $64,744,600 for the </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">issuance of 2,455,237 Common Shares. The rights offering resulted in $(0.10) or (0.36)% NAV dilution since the Common Shares were issued below BUI’s NAV. BUI received </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">the entire proceeds from the shares issued under the Offer since the Manager agreed to pay for all expenses (including sales commissions) related to the Offer.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;font-weight:bold">Common Shares</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">BST and BUI have filed a prospectus with the SEC allowing them to issue an additional 12,000,000 and 7,500,000 Common Shares, respectively, through an equity Shelf </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Offering. Under the Shelf Offering, BST and BUI, subject to market conditions, may raise additional equity capital from time to time in varying amounts and utilizing various </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">offering methods at a net price at or above each Trust’s NAV per Common Share (calculated within 48 hours of pricing). As of period end,12,000,000 and 6,256,879 Common </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Shares, respectively, remain available for issuance under the Shelf Offering. During the period ended June 30, 2026, BST and BUI issued 0 and 0 shares, respectively, under </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">the Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">s respective current Shelf Offering and the Trust</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">’</span><span style="color:#000000;font-family:arial narrow;font-size:9pt">s prior Shelf Offering. See Additional Information — Shelf Offering Program for additional information.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">BDJ filed a prospectus with the U.S. Securities and Exchange Commission (“SEC”) allowing it to issue an additional 40,000,000 Common Shares, through an equity Shelf </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Offering. During the period ended June 30, 2026, BDJ did not issue any Common Shares through its Shelf Offering. Effective May 26, 2026, BDJ is no longer actively engaged </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">in a Shelf Offering and has no effective registration statement or current prospectus for the sale of Common Shares.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Initial costs incurred by each of BST and BUI in connection with their Shelf Offerings are recorded as “Deferred offering costs” in the Statements of Assets and Liabilities. As </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">shares are sold, a portion of the costs attributable to the shares sold will be charged against paid-in-capital. Any remaining deferred charges at the end of the Shelf Offering </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">period will be charged to expense.</span></div><div style="line-height:11.00pt;margin-top:0.00pt;text-align:left;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">For the periods shown, shares issued and outstanding increased by the following amounts as a result of shares issued through the Shelf Offering:</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:12pt;width:535pt">
<tr style="height:11.5pt">
<td style="vertical-align:Bottom;width:427.9pt;"> <div style="line-height:0.5pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0.0pt"> </span></div> </div> </td>
<td style="vertical-align:Bottom;width:66.21pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4pt;margin-right:5pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Six Months Ended</span></div> </div> </td>
<td style="vertical-align:Bottom;width:40.89pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:5pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Year Ended</span></div> </div> </td> </tr>
<tr style="height:11.63pt">
<td style="background-color:azure;border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:427.9pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Trust Name</span></div> </div> </td>
<td style="background-color:azure;border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:66.21pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4pt;margin-right:5pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">06/30/26</span></div> </div> </td>
<td style="background-color:azure;border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:40.89pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:5pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">12/31/25</span></div> </div> </td> </tr>
<tr style="height:12.13pt">
<td style="vertical-align:Bottom;width:427.9pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">BUI</span></div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:66.21pt;"> <div style="line-height:10pt;margin-left:6pt;margin-right:7pt;text-align:right;width:53.21pt;"> <div style="display:flex;margin-left:auto;width:53.21pt;"> <div style="display:flex;white-space:nowrap;width:53.21pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.21pt">—</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:40.89pt;"> <div style="line-height:10pt;margin-left:7pt;text-align:right;width:33.89pt;"> <div style="display:flex;margin-left:auto;width:33.89pt;"> <div style="display:flex;white-space:nowrap;width:33.89pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:33.89pt">1,373,141</span></div> </div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">For the periods shown, shares issued and outstanding increased by the following amounts as a result of dividend reinvestment:</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:12pt;width:535pt">
<tr style="height:11.5pt">
<td style="vertical-align:Bottom;width:427.9pt;"> <div style="line-height:0.5pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0.0pt"> </span></div> </div> </td>
<td style="vertical-align:Bottom;width:66.21pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:4pt;margin-right:5pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Six Months Ended</span></div> </div> </td>
<td style="vertical-align:Bottom;width:40.89pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:5pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Year Ended</span></div> </div> </td> </tr>
<tr style="height:11.63pt">
<td style="background-color:azure;border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:427.9pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Trust Name</span></div> </div> </td>
<td style="background-color:azure;border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:66.21pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:4pt;margin-right:5pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">06/30/26</span></div> </div> </td>
<td style="background-color:azure;border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:40.89pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:5pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">12/31/25</span></div> </div> </td> </tr>
<tr style="height:11.63pt">
<td style="vertical-align:Bottom;width:427.9pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">CII</span></div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:66.21pt;"> <div style="line-height:10pt;margin-left:6pt;margin-right:7pt;text-align:right;width:53.21pt;"> <div style="display:flex;margin-left:auto;width:53.21pt;"> <div style="display:flex;white-space:nowrap;width:53.21pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.21pt">2,720,557</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:40.89pt;"> <div style="line-height:10pt;margin-left:7pt;text-align:right;width:33.89pt;"> <div style="display:flex;margin-left:auto;width:33.89pt;"> <div style="display:flex;white-space:nowrap;width:33.89pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:33.89pt">65,565</span></div> </div> </div> </td> </tr>
<tr style="height:10.5pt">
<td style="background-color:azure;vertical-align:Bottom;width:427.9pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">BUI</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:66.21pt;"> <div style="line-height:10pt;margin-left:6pt;margin-right:7pt;text-align:right;width:53.21pt;"> <div style="display:flex;margin-left:auto;width:53.21pt;"> <div style="display:flex;white-space:nowrap;width:53.21pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.21pt">28,851</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:40.89pt;"> <div style="line-height:10pt;margin-left:7pt;text-align:right;width:33.89pt;"> <div style="display:flex;margin-left:auto;width:33.89pt;"> <div style="display:flex;white-space:nowrap;width:33.89pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:33.89pt">139,744</span></div> </div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">For the six months ended June 30, 2026, shares issued and outstanding remained constant for all Trusts except CII and BUI.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">For the year ended December 31, 2025, shares issued and outstanding remained constant for BDJ and BST.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Each Trust had previously adopted a one-year discount management program (the “Program”) that was comprised of four 3-month measurement periods, expiring with the </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">measurement period ending March 31, 2025. Under the Program, each Trust offered to repurchase a portion of its common shares via tender offer if the Trust’s common shares </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">traded at an average daily discount to NAV of more than 7.5% during a 3-month measurement period. As a result of the discount trigger being met during the respective </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">measurement periods under the Program, certain Trusts conducted a tender offer for 2.5% of its outstanding common shares, at a price equal to 98% of the NAV per share, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">determined on the business day after the tender offer expired. The results of the tender offers were as follows:</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">BGR</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
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<tr style="height:43.13pt">
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Commencement</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Date of Tender</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Offer Period</span><span style="color:#000000;font-family:arial narrow;font-size:5pt;font-style:italic;margin-left:0.0pt;position:relative;top:-3.25pt">(a)</span> </div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Valuation</span> <br/></div> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Date</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:71.19pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:77.47pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Tendered</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:62.43pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchase Price</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59.97pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Total Amount of</span> <br/></div> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchases</span></div> </div> </td> </tr>
<tr style="height:12.13pt">
<td style="background-color:azure;vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">01/22/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">02/24/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">3,894,759</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">14.9</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">652,722</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">2.5</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">$13.8376</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">$9,032,106</span></div> </div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">BOE</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:17.64pt;width:523.72pt">
<tr style="height:43.13pt">
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Commencement</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Date of Tender</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Offer Period</span><span style="color:#000000;font-family:arial narrow;font-size:5pt;font-style:italic;margin-left:0.0pt;position:relative;top:-3.25pt">(a)</span> </div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Valuation</span> <br/></div> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Date</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:71.19pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:77.47pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Tendered</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:62.43pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchase Price</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59.97pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Total Amount of</span> <br/></div> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchases</span></div> </div> </td> </tr>
<tr style="height:11.63pt">
<td style="background-color:azure;vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">01/23/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">02/25/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">13,246,807</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">22.7</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">1,462,199</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">2.5</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">$12.1520</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">$17,768,642</span></div> </div> </div> </td> </tr>
<tr style="height:10.5pt">
<td style="vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">04/16/25</span></div> </div> </td>
<td style="vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">05/20/25</span></div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">12,288,978</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">21.6</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">1,425,644</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">2.5</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">11.8776</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">16,933,229</span></div> </div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">BGY</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:17.64pt;width:523.72pt">
<tr style="height:43.13pt">
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Commencement</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Date of Tender</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Offer Period</span><span style="color:#000000;font-family:arial narrow;font-size:5pt;font-style:italic;margin-left:0.0pt;position:relative;top:-3.25pt">(a)</span> </div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Valuation</span> <br/></div> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Date</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:71.19pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:77.47pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Tendered</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:62.43pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchase Price</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59.97pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Total Amount of</span> <br/></div> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchases</span></div> </div> </td> </tr>
<tr style="height:12.13pt">
<td style="background-color:azure;vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">01/23/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">02/25/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">31,046,841</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">32.6</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">2,383,023</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">2.5</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">$6.0662</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">$14,455,894</span></div> </div> </div> </td> </tr> </table>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:17.64pt;width:523.72pt">
<tr style="height:43.13pt">
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Commencement</span></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Date of Tender</span></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Offer Period</span><span style="color:#000000;font-family:arial narrow;font-size:5pt;font-style:italic;margin-left:0.0pt;position:relative;top:-3.25pt">(a)</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Valuation</span></div> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Date</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:71.19pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Shares</span></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:77.47pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Tendered</span></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Shares</span></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:62.43pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchase Price</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59.97pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Total Amount of</span></div> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchases</span></div> </div> </td> </tr>
<tr style="height:12.13pt">
<td style="background-color:azure;vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">04/17/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">05/21/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">22,873,636</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">24.6</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">2,323,447</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">2.5</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">6.0858</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">14,140,034</span></div> </div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">CII</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:17.64pt;width:523.72pt">
<tr style="height:43.13pt">
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Commencement</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Date of Tender</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Offer Period</span><span style="color:#000000;font-family:arial narrow;font-size:5pt;font-style:italic;margin-left:0.0pt;position:relative;top:-3.25pt">(a)</span> </div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Valuation</span> <br/></div> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Date</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:71.19pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:77.47pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Tendered</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:62.43pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchase Price</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59.97pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Total Amount of</span> <br/></div> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchases</span></div> </div> </td> </tr>
<tr style="height:12.13pt">
<td style="background-color:azure;vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">01/22/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">02/24/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">4,275,883</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">10.2</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">1,049,179</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">2.5</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">$21.1974</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">$22,239,867</span></div> </div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">BME</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:17.64pt;width:523.72pt">
<tr style="height:43.13pt">
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Commencement</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Date of Tender</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Offer Period</span><span style="color:#000000;font-family:arial narrow;font-size:5pt;font-style:italic;margin-left:0.0pt;position:relative;top:-3.25pt">(a)</span> </div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Valuation</span> <br/></div> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Date</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:71.19pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:77.47pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Tendered</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:62.43pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchase Price</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59.97pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Total Amount of</span> <br/></div> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchases</span></div> </div> </td> </tr>
<tr style="height:12.13pt">
<td style="background-color:azure;vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">01/22/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">02/24/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">1,188,063</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">9.0</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">331,387</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">2.5</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">$42.1792</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">$13,977,639</span></div> </div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">BCX</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:17.64pt;width:523.72pt">
<tr style="height:43.13pt">
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Commencement</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Date of Tender</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Offer Period</span><span style="color:#000000;font-family:arial narrow;font-size:5pt;font-style:italic;margin-left:0.0pt;position:relative;top:-3.25pt">(a)</span> </div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Valuation</span> <br/></div> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Date</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:71.19pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:77.47pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Tendered</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:62.43pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchase Price</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59.97pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Total Amount of</span> <br/></div> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchases</span></div> </div> </td> </tr>
<tr style="height:11.63pt">
<td style="background-color:azure;vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">01/23/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">02/25/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">17,748,385</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">22.1</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">2,004,946</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">2.5</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">$9.7706</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">$19,589,525</span></div> </div> </div> </td> </tr>
<tr style="height:10.5pt">
<td style="vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">04/16/25</span></div> </div> </td>
<td style="vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">05/20/25</span></div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">14,138,859</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">18.1</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">1,954,822</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">2.5</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">9.7314</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">19,023,155</span></div> </div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">BSTZ</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:17.64pt;width:523.72pt">
<tr style="height:43.13pt">
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Commencement</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Date of Tender</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Offer Period</span><span style="color:#000000;font-family:arial narrow;font-size:5pt;font-style:italic;margin-left:0.0pt;position:relative;top:-3.25pt">(a)</span> </div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Valuation</span> <br/></div> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Date</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:71.19pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:77.47pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Tendered</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:62.43pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchase Price</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59.97pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Total Amount of</span> <br/></div> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchases</span></div> </div> </td> </tr>
<tr style="height:11.63pt">
<td style="background-color:azure;vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">01/23/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">02/25/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">16,170,310</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">22.4</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">1,807,867</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">2.5</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">$21.6776</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">$39,190,218</span></div> </div> </div> </td> </tr>
<tr style="height:10.5pt">
<td style="vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">04/17/25</span></div> </div> </td>
<td style="vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">05/21/25</span></div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">12,715,932</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">18.0</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">1,762,670</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">2.5</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">20.0018</span></div> </div> </div> </td>
<td style="vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">35,256,573</span></div> </div> </div> </td> </tr> </table>
<table cellpadding="0" cellspacing="0" style="empty-cells:show;margin-left:12pt;width:535pt">
<tr>
<td style="vertical-align:Top;width:8pt;"> <div style="line-height:9pt;text-align:left;"> <div style="margin-right:2pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:5pt;margin-left:0.0pt;position:relative;top:-3.25pt">(a)</span> </div> </div> </td>
<td style="vertical-align:Top;width:527pt;"> <div style="line-height:9pt;text-align:left;"> <div style="margin-left:2pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Date the tender offer period began.</span></div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">The Board approved the renewal of each Trust’s Program (excluding BMEZ and BTX), which consisted of one measurement period beginning on January 1, 2025 and ending </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">on September 30, 2025. Under the renewed Program, each Trust intended to offer to repurchase a portion of its common shares via tender offer if the Trust’s common shares </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">traded at an average daily discount to NAV of more than 10% during the 9-month measurement period. The discount trigger was not met and therefore no tender offers were </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">conducted with respect to this measurement period.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">Each Trust (excluding BTX), has a renewed Program which consists of one measurement period beginning on January 1, 2026 and ending on September 30, 2026. Under the </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">renewed Program, each Trust intends to offer to repurchase a portion of its common shares via tender offer if the Trust’s common shares trade at an average daily discount to </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">NAV of more than 10% during the 9-month measurement period. If the discount trigger is met and a tender offer is conducted, there is no guarantee that shareholders will be </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">able to sell all of the shares that they desire to sell in such tender offer and there can be no assurance as to the effect that the Program will have on the market for a Trust’s </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">shares or the discount at which a Trust’s shares may trade relative to its NAV.</span></div><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">On January 20, 2025, the Board approved tender offers to repurchase 50% of BTX’s outstanding shares and 40% of BMEZ’s outstanding shares, at a price per share equal to </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">99.5% of the applicable Trust’s net asset value per common share determined following the expiration of the tender offer. In connection with the approval of these tender offers, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt;margin-left:0%">the discount management program was terminated for each of BTX and BMEZ and the respective tender offers for the quarterly measurement period ended December 31, </span><span style="color:#000000;font-family:arial narrow;font-size:9pt">2024 were cancelled.</span></div><div style="line-height:11.00pt;margin-top:0.00pt;text-align:left;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">BMEZ</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
<table cellpadding="0" cellspacing="0" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;empty-cells:show;margin-left:17.64pt;width:523.72pt">
<tr style="height:43.13pt">
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Commencement</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Date of Tender</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Offer Period</span><span style="color:#000000;font-family:arial narrow;font-size:5pt;font-style:italic;margin-left:0.0pt;position:relative;top:-3.25pt">(a)</span> </div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Valuation</span> <br/></div> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Date</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:71.19pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:77.47pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Tendered</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:62.43pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchase Price</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59.97pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Total Amount of</span> <br/></div> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchases</span></div> </div> </td> </tr>
<tr style="height:12.13pt">
<td style="background-color:azure;vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">03/21/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">04/21/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">38,753,713</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">38.3</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">38,753,713</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">38.3</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">$14.2086</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">$550,636,007</span></div> </div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">BTX</span><span style="color:#000000;font-family:arial narrow;font-size:9pt;line-height:0.1pt"> </span></div>
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<tr style="height:43.13pt">
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Commencement</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Date of Tender</span> <br/></div> <div style="margin-right:6pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic;margin-left:0.0pt">Offer Period</span><span style="color:#000000;font-family:arial narrow;font-size:5pt;font-style:italic;margin-left:0.0pt;position:relative;top:-3.25pt">(a)</span> </div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Valuation</span> <br/></div> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Date</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:71.19pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:77.47pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Number of Tendered</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:75.95pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Tendered Shares</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchased</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">as a Percentage of</span> <br/></div> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Outstanding Shares</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:62.43pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:7pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchase Price</span></div> </div> </td>
<td style="border-bottom:0.5pt solid #000000;vertical-align:Bottom;width:59.97pt;"> <div style="line-height:11.0pt;text-align:left;"> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Total Amount of</span> <br/></div> <div style="margin-left:7pt;margin-right:4pt;text-align:right;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;font-style:italic">Purchases</span></div> </div> </td> </tr>
<tr style="height:12.13pt">
<td style="background-color:azure;vertical-align:Bottom;width:59pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-right:6pt;text-align:left;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">06/09/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;width:41.75pt;"> <div style="line-height:10pt;text-align:left;"> <div style="margin-left:6pt;margin-right:9pt;text-align:right;white-space:nowrap;width:auto;"><span style="color:#000000;font-family:arial narrow;font-size:8pt">07/09/25</span></div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:71.19pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:53.19pt;"> <div style="display:flex;margin-left:auto;width:53.19pt;"> <div style="display:flex;white-space:nowrap;width:53.19pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:53.19pt">96,627,850</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">45.3</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:77.47pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:59.47pt;"> <div style="display:flex;margin-left:auto;width:59.47pt;"> <div style="display:flex;white-space:nowrap;width:59.47pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:59.47pt">96,627,850</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:75.95pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:57.95pt;"> <div style="display:flex;margin-left:auto;width:57.95pt;"> <div style="display:flex;white-space:nowrap;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:57.95pt">45.3</span></div> <div style="display:flex;width:57.95pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:auto">% </span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:62.43pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:9pt;text-align:right;width:44.43pt;"> <div style="display:flex;margin-left:auto;width:44.43pt;"> <div style="display:flex;white-space:nowrap;width:44.43pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.43pt">$7.4924</span></div> </div> </div> </td>
<td style="background-color:azure;vertical-align:Bottom;white-space:nowrap;width:59.97pt;"> <div style="line-height:10pt;margin-left:9pt;margin-right:3pt;text-align:right;width:44.97pt;"> <div style="display:flex;margin-left:auto;width:44.97pt;"> <div style="display:flex;white-space:nowrap;width:44.97pt;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;width:44.97pt">$723,974,503</span></div> </div> </div> </td> </tr> </table>
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<tr>
<td style="vertical-align:Top;width:8pt;"> <div style="line-height:9pt;text-align:left;"> <div style="margin-right:2pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:5pt;margin-left:0.0pt;position:relative;top:-3.25pt">(a)</span> </div> </div> </td>
<td style="vertical-align:Top;width:527pt;"> <div style="line-height:9pt;text-align:left;"> <div style="margin-left:2pt;text-align:left;white-space:nowrap;"><span style="color:#000000;font-family:arial narrow;font-size:8pt;margin-left:0.0pt">Date the tender offer period began.</span></div> </div> </td> </tr> </table><div style="margin-top:8pt;"><span style="color:#000000;font-family:arial narrow;font-size:9pt">As of June 30, 2026, BlackRock Financial Management, Inc., an affiliate of the Trust, owned 5,000, 5,000 and 5,000 Shares of BMEZ, BSTZ and BTX respectively.</span></div>
EachTrust is authorized to issue an unlimited number of shares, with the exception of CII, all of which were initially classified as Common Shares.