BlackRock Enhanced Government Fund, Inc. Announces Estimated Sources of Distributions
Today, BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) (the “Fund”)
announced that the Fund paid the following dividend per share:
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Fund
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Pay Date
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Per Share
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EGF
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December 18, 2012
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$0.065000
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The Fund has adopted a level distribution plan (the “Plan”) and employs
either a managed distribution or an option over-write policy to support
a level distribution of income, capital gains and/or return of capital. The
fixed amounts distributed per share are subject to change at the
discretion of the Fund’s Board. Under its Plan, the Fund will
distribute all available investment income to its shareholders,
consistent with its primary investment objectives and as required by the
Internal Revenue Code of 1986, as amended. If sufficient investment
income is not available on a monthly basis, the Fund will distribute
long-term capital gains and/or return capital to its shareholders in
order to maintain a level distribution.
The Fund’s estimated sources of the distribution paid this month and for
its current fiscal year are as follows:
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Estimated Allocations as of 12/18/2012
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Fund
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Distribution
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Net Investment
Income
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Net
Realized
Short-Term
Gains
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Net
Realized
Long-Term
Gains
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Return of Capital
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EGF1 |
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$0.065000
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$0.045842 (71%)
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$0 (0%)
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$0 (0%)
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$0.019158 (29%)
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Estimated Allocations for the fiscal year through 12/18/2012
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Fund
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Distribution
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Net Investment
Income
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Net
Realized
Short-Term
Gains
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Net
Realized
Long-Term
Gains
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Return of Capital
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EGF1 |
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$0.765000
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$0.611007 (80%)
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$0 (0%)
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$0 (0%)
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$0.153993 (20%)
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1The Fund estimates that it has distributed more than its
income and capital gains in the current fiscal year; therefore, a
portion of your distribution may be a return of capital. A return of
capital may occur, for example, when some or all of the shareholder’s
investment is paid back to the shareholder. A return of capital
distribution does not necessarily reflect a Fund's investment
performance and should not be confused with ‘yield’ or ‘income’.
The amounts and sources of distributions reported are only estimates
and are not provided for tax reporting purposes. The actual amounts and
sources of the amounts for tax reporting purposes will depend upon the
Fund’s investment experience during the remainder of its fiscal year and
may be subject to changes based on tax regulations. The Fund will send
you a Form 1099-DIV for the calendar year that will tell you how to
report these distributions for federal income tax purposes.
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Fund Performance and Distribution Rate Information:
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Average annual total
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Annualized current
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Cumulative total
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Cumulative fiscal
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return (in relation
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distribution rate
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return (in relation
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year distributions
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to NAV) for the 5-
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expressed as a
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to NAV) for the
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as a percentage of
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year period ending
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percentage of NAV as
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fiscal year through
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NAV as of
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Fund
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on 11/30/2012
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of 11/30/2012
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11/30/2012
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11/30/2012
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EGF
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5.24%
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4.83%
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4.05%
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4.33%
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Shareholders should not draw any conclusions about the Fund’s
investment performance from the amount of the Fund’s current
distributions or from the terms of the Fund’s Plan.
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
September 30, 2012, BlackRock’s AUM was $3.673 trillion. BlackRock
offers products that span the risk spectrum to meet clients’ needs,
including active, enhanced and index strategies across markets and asset
classes. Products are offered in a variety of structures including
separate accounts, mutual funds, iShares® (exchange
traded funds), and other pooled investment vehicles. BlackRock also
offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions®. Headquartered in New York City, as of
September 30, 2012, the firm has approximately 10,400 employees in 29
countries and a major presence in key global markets, including North
and South America, Europe, Asia, Australia and the Middle East and
Africa. For additional information, please visit BlackRock’s website at www.blackrock.com.
Forward-Looking Statements
This press release, and other statements that BlackRock or the Fund may
make, may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act, with respect to the Fund 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 the 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, including the Dodd-Frank Wall Street
Reform and Consumer Protection Act, and regulatory, supervisory or
enforcement actions of government agencies relating to the Fund or
BlackRock, as applicable; (8) terrorist activities, international
hostilities 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 the Fund
with the Securities and Exchange Commission (“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.