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Form N-PX · fund seriesSEC series no. S000002176

BlackRock Natural Resources Trust

A series of BLACKROCK NATURAL RESOURCES TRUST

Vote records
646year to 30 June 2026
Against management
3.0%19 of 642 marked votes
Say-on-pay support
97.9%for, of for + against + abstain
Shareholder-proposal support
23.1%for, of for + against + abstain

BlackRock Natural Resources Trust is a series of BLACKROCK NATURAL RESOURCES TRUST. For the year to 30 June 2026 its registrant reported 646 vote records for the series; 3.0% of the votes marked for or against management went against management. It voted for 97.9% of say-on-pay items and for 23.1% of proposals from security holders.

Compared with its registrant and family

year to 30 June 2026This seriesIts registrantBlackRock and iSharesMedian fund registrant
Against-management share3.0%3.0%7.5%6.2%
Say-on-pay support rate97.9%97.9%88.3%91.6%
Shareholder-proposal support rate23.1%23.1%11.9%27.5%

Votes by category

foragainstabstain, withhold or otheramber tick: the portion cast against management

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS34433931.5%
SECTION 14A SAY-ON-PAY VOTES484612.1%
AUDIT-RELATED535300.0%
SHAREHOLDER RIGHTS AND DEFENSES4310.0%
EXTRAORDINARY TRANSACTIONS121118.3%
CAPITAL STRUCTURE686622.9%
COMPENSATION474700.0%
CORPORATE GOVERNANCE81671313.0%
ENVIRONMENT OR CLIMATE3120.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE2020.0%
DIVERSITY, EQUITY, AND INCLUSION1010.0%
OTHER SOCIAL ISSUES5500.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20246961.2%100.0%15.8%
year to 30 June 20256121.2%94.3%0.0%
year to 30 June 20266463.0%97.9%23.1%

Questions

How often did BlackRock Natural Resources Trust vote against management?

3.0% of the votes its registrant marked for or against management in the year to 30 June 2026 (19 of 642).

How did BlackRock Natural Resources Trust vote on executive pay?

It voted for 46 of 47 say-on-pay items cast for, against or abstain (97.9%).

Is this the result of the meetings?

No. Form N-PX shows how the fund voted the shares it held. It does not show how other shareholders voted or what the outcome was.

Where does the data come from?

From the Form N-PX filed by BLACKROCK NATURAL RESOURCES TRUST, which lists the series that cast each vote. The SEC does not verify the contents. Data runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX filed by BLACKROCK NATURAL RESOURCES TRUST (filer no. 766555); votes attributed to series S000002176 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.