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Stock impact report

BlackRock Enhanced Government Fund, Inc. Announces Upcoming Repurchase Offer

Blackrock Enhanced Government Fund, Inc. (EGF) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Today, BlackRock Enhanced Government Fund, Inc. (the "Fund") (NYSE: EGF, CUSIP: 09255K108) announced that the annual offer to repurchase outstanding shares of common stock (the "Shares") from its stockholders (the "Repurchase Offer") will commence on October 17, 2019.Under the terms of the Repurchase Offer, the Fund is offering to purchase up to 10% of its Shares from stockholders at an amount per Share equal to the Fund's net asset value ("NAV") per Share, less a repurchase fee of 2% of the value of the Shares repurchased, calculated as of the close of regular trading on the New York Stock Exchange on November 20, 2019. The Repurchase Offer is scheduled to expire on November 19, 2019, unless extended, with payment for the Shares repurchased to be made on or before November 27, 2019. Shares validly tendered and accepted will not be eligible for any distributions declared, paid or distributed in respect of a record date on or after November 25, 2019.The F Show less Read more
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