BlackRock Enhanced Government Fund Announces Annual Repurchase Offer for Stockholders

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) has recently announced its annual offer to repurchase outstanding shares of common stock from its stockholders. The repurchase offer is set to commence on October 13, 2023.

Under the terms of the repurchase offer, the Fund is offering to purchase up to 5% of its shares from stockholders at a price equal to the Fund’s net asset value (NAV) per share, with a repurchase fee of 2% of the value of the shares repurchased. The pricing date for the repurchase offer is November 15, 2023, and the offer is scheduled to expire on November 14, 2023, unless extended. Payment for the repurchased shares will be made on or before November 22, 2023.

The Fund, a diversified, closed-end management investment company, aims to provide stockholders with current income and gains. It is important for stockholders to consider the market price of the shares, as they may be trading at a premium to the Fund’s NAV per share. The market price of the shares can fluctuate, and therefore, it is advisable for stockholders to evaluate their decision to tender shares in connection with the repurchase offer.

Stockholders who are interested in participating in the repurchase offer are advised to contact their broker or financial advisor. Registered stockholders can reach out to Computershare Trust Company, N.A., which will act as the Depositary Agent for the repurchase offer.

BlackRock’s purpose is to help individuals experience financial well-being by providing financial technology and investment solutions. For more information on BlackRock, please visit their website at www.blackrock.com/corporate.

Investors and others are encouraged to check BlackRock’s website for updated performance information and other material information about the Fund.

Please note that forward-looking statements may be included in this press release, and BlackRock cautions that these statements are subject to assumptions, risks, and uncertainties. Actual results could differ materially from anticipated results, and BlackRock assumes no obligation to update forward-looking statements.

For more information about the Fund and its regulatory filings, please visit the SEC’s website at www.sec.gov or BlackRock’s website at www.blackrock.com.

Source: Business Wire