BlackRock Advisors, LLC announced today that the Boards of
Directors of BlackRock Enhanced Government Fund, Inc. (NYSE: EGF)
and BlackRock Income Trust, Inc. (NYSE: BKT) (each, a “Fund” and
together, the “Funds”) have approved the reorganization of EGF with
and into BKT, with BKT continuing as the surviving Fund
(collectively, the “Reorganization”). Following the closing of the
Reorganization, BKT, as the surviving Fund, intends to offer to
repurchase a portion of its common shares via an annual tender
offer if certain conditions are met during specified time
periods.
It is currently expected that the Reorganization will be
completed in the first half of 2025, subject to the requisite
approvals by EGF’s shareholders. Shareholders of BKT are not
required to approve the Reorganization.
Additional Information about the Reorganization and Where to
Find It
This press release is not intended to, and does not, constitute
an offer to purchase or sell shares of the Funds nor is this press
release intended to solicit a proxy from any shareholder of any of
the Funds. The solicitation of the purchase or sale of securities
or of proxies to effect the Reorganization will only be made by
either a definitive Proxy Statement/Prospectus.
This press release references a Proxy Statement/Prospectus, to
be filed by BKT. The Proxy Statement/Prospectus has yet to be filed
with the U.S. Securities and Exchange Commission (the “SEC”). After
the Proxy Statement/Prospectus is filed with the SEC, it may be
amended or withdrawn. The Proxy Statement/Prospectus will not be
distributed to shareholders of EGF unless and until a Registration
Statement comprising of the Proxy Statement/Prospectus is declared
effective by the SEC.
The Funds and their respective directors, officers and
employees, and BlackRock, and its shareholders, officers and
employees and other persons may be deemed to be participants in the
solicitation of proxies with respect to the Reorganization.
Investors and shareholders may obtain more detailed information
regarding the direct and indirect interests of the Funds'
respective directors, officers and employees, and BlackRock and its
shareholders, officers and employees and other persons by reading
the Proxy Statement/Prospectus when it is filed with the SEC.
INVESTORS AND SECURITY HOLDERS OF THE FUNDS ARE URGED TO READ
THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE
SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE
BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT
THE REORGANIZATION. INVESTORS SHOULD CONSIDER THE INVESTMENT
OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE FUNDS CAREFULLY. THE
PROXY STATEMENT/PROSPECTUS WILL CONTAIN INFORMATION WITH RESPECT TO
THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE
FUNDS.
The Proxy Statement/Prospectus will not constitute an offer to
buy or sell securities, in any state where such offer or sale is
not permitted.
Security holders may obtain free copies (when they become
available) of the Proxy Statement/Prospectus and other documents
filed with the SEC at the SEC's web site at www.sec.gov. In
addition, free copies (when they become available) of the Proxy
Statement/Prospectus and other documents filed with the SEC may
also be obtained by directing a request to BlackRock at (800)
882-0052.
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
Funds 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
Funds. This reference to BlackRock’s website is intended to allow
investors public access to information regarding the Funds 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 a
Fund may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with
respect to a 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 each 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
each Fund with the 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241126352668/en/
BlackRock Closed-End Funds 1-800-882-0052
BlackRock Income (NYSE:BKT)
過去 株価チャート
から 11 2024 まで 12 2024
BlackRock Income (NYSE:BKT)
過去 株価チャート
から 12 2023 まで 12 2024
