BlackRock Enhanced Government Fund, Inc. Announces Upcoming Repurchase Offer
BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) has announced its annual Repurchase Offer for outstanding shares, commencing on October 11, 2024. The Fund is offering to purchase up to 5% of its Shares at the net asset value (NAV) per Share, less a 2% repurchase fee. The offer is set to expire on November 15, 2024, with payment scheduled by November 25, 2024.
Key points:
- Record date for stockholder eligibility: September 27, 2024
- Pricing date: November 18, 2024
- Shares tendered will not be eligible for distributions after November 25, 2024
- The Fund's objective is to provide current income and gains to stockholders
Stockholders are advised to consider market prices, which may trade at a premium to NAV, before tendering shares. Neither the Fund, its investment adviser, nor the Board of Directors is making recommendations regarding participation in the Repurchase Offer.
Il BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) ha annunciato la sua offerta annuale di Riacquisto per le azioni in circolazione, che avrà inizio l'11 ottobre 2024. Il Fondo offre di acquistare fino al 5% delle sue azioni al valore netto dell'attivo (NAV) per azione, meno una commissione di riacquisto del 2%. L'offerta scadrà il 15 novembre 2024, con pagamento previsto entro il 25 novembre 2024.
Punti chiave:
- Data di registrazione per l'idoneità degli azionisti: 27 settembre 2024
- Data di prezzo: 18 novembre 2024
- Le azioni offerte non saranno idonee per distribuzioni dopo il 25 novembre 2024
- L'obiettivo del Fondo è fornire reddito attuale e guadagni agli azionisti
Si consiglia agli azionisti di considerare i prezzi di mercato, che potrebbero essere superiori al NAV, prima di offrire le azioni. Né il Fondo, né il suo consulente per gli investimenti, né il Consiglio di Amministrazione fanno raccomandazioni riguardo alla partecipazione all'Offerta di Riacquisto.
El BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) ha anunciado su oferta anual de Recompra de acciones en circulación, que comenzará el 11 de octubre de 2024. El Fondo está ofreciendo comprar hasta el 5% de sus acciones al valor neto de los activos (NAV) por acción, menos una comisión de recompra del 2%. La oferta vencerá el 15 de noviembre de 2024, con pago programado para el 25 de noviembre de 2024.
Puntos clave:
- Fecha de registro para la elegibilidad de los accionistas: 27 de septiembre de 2024
- Fecha de precios: 18 de noviembre de 2024
- Las acciones ofrecidas no serán elegibles para distribuciones después del 25 de noviembre de 2024
- El objetivo del Fondo es proporcionar ingresos actuales y ganancias a los accionistas
Se aconseja a los accionistas que consideren los precios de mercado, que podrían negociarse a una prima sobre el NAV, antes de ofrecer sus acciones. Ni el Fondo, ni su asesor de inversiones, ni la Junta Directiva hacen recomendaciones sobre la participación en la Oferta de Recompra.
블랙록 Enhanced Government Fund, Inc. (NYSE: EGF)는 2024년 10월 11일부터 시작되는 연례 재매입 제안을 발표했습니다. 펀드는 주당 순자산가치(NAV)에서 2%의 재매입 수수료를 차감하여 총 5%의 주식을 구매하겠다고 제안합니다. 이 제안은 2024년 11월 15일에 만료되며, 2024년 11월 25일까지 지급될 예정입니다.
주요 사항:
- 주주 자격의 기준일: 2024년 9월 27일
- 가격 책정일: 2024년 11월 18일
- 제출된 주식은 2024년 11월 25일 이후 배당금을 받을 수 없습니다
- 펀드의 목표는 주주에게 현재의 수입과 이익을 제공하는 것입니다
주주들은 주식을 제출하기 전에 NAV보다 높은 프리미엄으로 거래될 수 있는 시장 가격을 고려할 것을 권장합니다. 펀드, 투자 자문사 및 이사회는 재매입 제안에 대한 참여를 권장하는 내용이 없습니다.
Le BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) a annoncé son offre annuelle de Rachat pour les actions en circulation, débutant le 11 octobre 2024. Le Fonds propose d'acheter jusqu'à 5% de ses actions à la valeur nette d'inventaire (NAV) par action, moins des frais de rachat de 2%. L'offre expirera le 15 novembre 2024, avec un paiement prévu d'ici le 25 novembre 2024.
Points clés :
- Date d'enregistrement pour l'éligibilité des actionnaires : 27 septembre 2024
- Date de tarification : 18 novembre 2024
- Les actions proposées ne seront pas éligibles pour les distributions après le 25 novembre 2024
- L'objectif du Fonds est de fournir des revenus et des gains actuels aux actionnaires
Il est conseillé aux actionnaires de prendre en compte les prix du marché, qui peuvent se négocier à un prix supérieur au NAV, avant de soumettre leurs actions. Ni le Fonds, ni son conseiller en investissement, ni le Conseil d'administration ne recommandent de participer à l'offre de rachat.
Der BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) hat sein jährliches Rückkaufangebot für ausstehende Aktien bekannt gegeben, das am 11. Oktober 2024 beginnt. Der Fonds bietet an, bis zu 5% seiner Aktien zum Nettoinventarwert (NAV) pro Aktie, abzüglich einer Rückkaufgebühr von 2%, zu erwerben. Das Angebot läuft bis zum 15. November 2024, mit einer Zahlungsfrist bis zum 25. November 2024.
Wichtige Punkte:
- Stichtag für die Berechtigung der Aktionäre: 27. September 2024
- Preisermittlungsdatum: 18. November 2024
- Angenommene Aktien sind nach dem 25. November 2024 nicht mehr für Ausschüttungen berechtigt
- Das Ziel des Fonds ist es, den Aktionären Einkünfte und Gewinne zu bieten
Aktionären wird geraten, die Marktpreise zu berücksichtigen, die möglicherweise über dem NAV gehandelt werden, bevor sie Aktien anbieten. Weder der Fonds, noch sein Anlageberater, noch der Vorstand geben Empfehlungen zur Teilnahme am Rückkaufangebot.
- None.
- None.
Under the terms of the Repurchase Offer, the Fund is offering to purchase up to
The Fund has established a record date of September 27, 2024 solely for the purpose of identifying stockholders eligible to receive Repurchase Offer materials.
The Fund is a diversified, closed-end management investment company. The Fund's investment objective is to provide stockholders with current income and gains. The Shares have at times traded at a premium to the Fund's NAV per Share. It may not be in a stockholder's interest to tender Shares in connection with the Repurchase Offer if the Shares are trading at a premium. The market price of the Shares can and does fluctuate. Accordingly, on November 18, 2024, the pricing date of the Repurchase Offer, the market price of the Shares may be above or below the Fund's NAV per Share.
None of the Fund, its investment adviser or its Board of Directors is making any recommendation to any stockholder as to whether to tender or refrain from tendering Shares in the Repurchase Offer.
For client-specific information regarding the Repurchase Offer, please contact your broker or financial advisor, or in the case of registered stockholders, Computershare Trust Company, N.A., which will act as the Depositary Agent in connection with the Repurchase Offer.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate
Availability of Fund Updates
BlackRock will update performance and certain other data for the Fund on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Fund. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate BlackRock’s website in this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or the Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund’s or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.
BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.
With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in the Fund’s net asset value; (2) the relative and absolute investment performance of the Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.
Annual and Semi-Annual Reports and other regulatory filings of the Fund with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Fund. The information contained on BlackRock’s website is not a part of this press release.
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Source: BlackRock Closed-End Funds
FAQ
When does the BlackRock Enhanced Government Fund (EGF) Repurchase Offer start?
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