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Stock impact report

BlackRock Enhanced Government Fund, Inc. Completes Annual Repurchase Offer

Blackrock Enhanced Government Fund, Inc. (EGF) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--BlackRock Enhanced Government Fund, Inc. (the “Fund”) (NYSE:EGF, CUSIP: 09255K108) today announced the completion of its annual offer to repurchase a portion of its outstanding shares of common stock from its stockholders (the “Repurchase Offer”).Under the terms of the Repurchase Offer, the Fund offered to repurchase up to 10% of its issued and outstanding shares of common stock (the “Shares”) for cash at a price equal to the Fund’s net asset value per Share calculated as of the close of business of the New York Stock Exchange on November 20, 2019 (subject to the repurchase fee of 2% of the net asset value per Share, which was deducted from the repurchase price (the “Repurchase Fee”).As previously announced on November 19, 2019, the expiration date of the Repurchase Offer, Computershare Trust Company, N.A., the Fund’s depositary agent, indicated that 3,709,334 Shares (approximately 71% of the Fund’s Shares outstanding as of November 19, 2019) were validl Show less Read more
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