BlackRock Enhanced Government Fund, Inc. (EGF) Announces Shareholder Approval for Reorganization with and into BlackRock Income Trust, Inc. (BKT)
BlackRock Enhanced Government Fund (EGF) shareholders have approved the proposed reorganization with BlackRock Income Trust (BKT). The merger, scheduled to complete on March 24, 2025, will result in BKT becoming the surviving fund. The reorganization will be executed based on the relative net asset values of each fund's common shares, subject to customary closing conditions.
Gli azionisti del BlackRock Enhanced Government Fund (EGF) hanno approvato la proposta di riorganizzazione con BlackRock Income Trust (BKT). La fusione, programmata per completarsi il 24 marzo 2025, porterà BKT a diventare il fondo sopravvissuto. La riorganizzazione sarà eseguita in base ai valori patrimoniali netti relativi delle azioni ordinarie di ciascun fondo, soggetta alle consuete condizioni di chiusura.
Los accionistas del BlackRock Enhanced Government Fund (EGF) han aprobado la propuesta de reorganización con BlackRock Income Trust (BKT). La fusión, programada para completarse el 24 de marzo de 2025, hará que BKT se convierta en el fondo sobreviviente. La reorganización se llevará a cabo en función de los valores netos de activos relativos de las acciones ordinarias de cada fondo, sujeta a las condiciones de cierre habituales.
블랙록 강화 정부 펀드 (EGF)의 주주들이 블랙록 소득 신탁 (BKT)와의 제안된 재조직을 승인했습니다. 2025년 3월 24일에 완료될 예정인 이번 합병으로 BKT가 생존 펀드가 됩니다. 재조직은 각 펀드의 보통주에 대한 상대적인 순자산 가치를 기준으로 실행되며, 일반적인 마감 조건에 따릅니다.
Les actionnaires du BlackRock Enhanced Government Fund (EGF) ont approuvé la réorganisation proposée avec BlackRock Income Trust (BKT). La fusion, prévue pour être finalisée le 24 mars 2025, fera de BKT le fonds survivant. La réorganisation sera exécutée en fonction des valeurs d'actifs nets relatives des actions ordinaires de chaque fonds, sous réserve des conditions de clôture habituelles.
Die Aktionäre des BlackRock Enhanced Government Fund (EGF) haben die vorgeschlagene Reorganisation mit BlackRock Income Trust (BKT) genehmigt. Die Fusion, die voraussichtlich am 24. März 2025 abgeschlossen wird, führt dazu, dass BKT der überlebende Fonds wird. Die Reorganisation wird auf der Grundlage der relativen Nettovermögenswerte der Stammaktien jedes Fonds durchgeführt, vorbehaltlich der üblichen Abschlussbedingungen.
- Shareholder approval secured for the merger, reducing uncertainty
- EGF will cease to exist as a separate investment vehicle after merger
It is currently expected that the Reorganization will be completed effective as of March 24, 2025, subject to the satisfaction of customary closing conditions. The Reorganization, if completed, would occur based on the relative net asset values of each Fund’s common shares.
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Source: BlackRock Closed-End Funds
FAQ
When will the BlackRock Enhanced Government Fund (EGF) merge with BlackRock Income Trust (BKT)?
How will the EGF and BKT reorganization be structured?
What did EGF shareholders approve in the special meeting?
What happens to EGF shares after the merger with BKT in 2025?
