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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 09255K108
- Market Cap
- Small Cap · $124 Million
- IPO
- 10/31/2005 · $20.00/share
- Parent Company
- BlackRock, Inc. (BLK)
Fund Description: BlackRock Enhanced Government Fund is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The BlackRock Enhanced Government Fund seeks to provide stockholders with current income and gains. FUND STRATEGY: The Fund seeks to achieve its investment objective by investing primarily in a portfolio of U.S. Government securities and U.S. Government Agency securities, including U.S. Government mortgage-backed securities, that pay interest in an attempt to generate current income, and by employing a strategy of writing (selling) call options on individual or baskets of U.S. Government securities, U.S. Government Agency securities or other debt securities held by the fund in an attempt to generate gains from option premiums. FUND MANAGEMENT: BlackRock Advisors, LLC serves as the investment adviser to the Fund.
Notes: November 19, 2013 - BlackRock Enhanced Government Fund, Inc. (NYSE: EGF, CUSIP: 09255K108) announced the expiration of the Fund’s annual Repurchase Offer for its shares of common stock. The Repurchase Offer and withdrawal rights expired at
5:00 p.m., Eastern Time, on November 19, 2013. The Fund offered to repurchase up to 10% of its outstanding shares of common stock for cash at a price equal to the net asset value as of the close of regular trading on the New York Stock Exchange on December 3, 2013, subject to a repurchase fee of 2% of the Fund’s net asset value per share, which will be deducted from the
repurchase price. As of Tuesday, November 19, 2013, 9,899,677 shares of the Fund were outstanding. A repurchase amount of 10% of the outstanding shares of the Fund’s common stock would represent approximately 989,967 shares. The preliminary count by Computershare Trust Company, N.A., the Fund's depositary agent, indicated that approximately 4,332,340 shares approximately 43.76% of the Fund's outstanding shares) were validly tendered and not withdrawn prior to the expiration of the Fund's Repurchase
Offer. This determination is subject to final confirmation and the proper delivery of all shares tendered and not withdrawn.
Company Contact
- Headquarters
- 40 East 52nd Street, New York, NY 10022
- Phone
- 800-882-0052 · Toll-Free 800-882-0052
- Investor Relations
- 800-882-0052 · invrel@blackrock.com.