New York – (BUSINESS WIRE) – BlackRock Advisors, LLC announced that shareholders of the BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) have approved the necessary proposals for its planned merger with BlackRock Income Trust, Inc. (NYSE: BKT). Following the reorganization, BKT will remain as the surviving fund.
The reorganization is expected to be completed on March 24, 2025, subject to standard closing conditions. The transition will be executed based on the net asset values of both funds at the time of completion.
About BlackRock
BlackRock is dedicated to helping individuals achieve financial stability. As a global leader in investment management and financial technology, it supports millions of investors in building savings and securing their financial futures.
Fund Updates and Investor Information
BlackRock provides regular performance updates and other relevant fund information. Investors are encouraged to stay informed by reviewing the latest disclosures. This reference is for informational purposes only and does not incorporate BlackRock’s website into this announcement.
Forward-Looking Statements
This announcement may include forward-looking statements under the Private Securities Litigation Reform Act, reflecting expectations about BlackRock and its funds’ financial or strategic performance. Such statements are typically identified by terms like “anticipate,” “expect,” “believe,” “estimate,” and similar expressions.
BlackRock cautions that forward-looking statements involve risks, uncertainties, and changing conditions. The firm does not undertake any obligation to update these statements. Actual results may differ significantly due to factors such as:
- Market volatility, interest rate fluctuations, and economic conditions.
- Investment performance of BlackRock’s funds.
- Competitive and regulatory developments.
- Global political events, pandemics, and financial disruptions.
- BlackRock’s ability to attract and retain key talent.
For further details, investors can access annual and semi-annual reports, along with other regulatory filings, through the appropriate financial and regulatory channels.
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