Blackrock Enhanced Gov (NYSE:EGF) Stock, Quote.Headers.trade-ideas

Blackrock Enhanced Gov

Blackrock Enhanced Government Fund Inc is a diversified closed-end management investment company. Its investment objective is to provide shareholders with current income and gains. The fund seeks to pursue the objectives by investing in a portfolio of U.S. Government and U.S. Agency securities and utilizing an option overwriting in an effort to enhance the fund's distribution rate and total return performance.

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MICROCAPITAL BRIEF: MasterCard Foundation, Equity Group Foundation Celebrate First Graduation From Financial Education Program in Kenya

Blackrock Enhanced Government Fund, Inc. Common Stock

Blackrock Enhanced Government Fund Inc

EUROBANK ERGASIAS SVCS by EUROBANK ERGASIAS SVCS AND HOLDINGS SA

Eurobank Ergasias Services And Holdings SA

EUROBANK ERGASIA UNSP/ADR by EUROBANK ERGASIAS SVCS AND HOLDINGS SA

EGF THERAMED HEALTH CORP by EGF THERAMED HEALTH CORP.

EGF Theramed Health Corp

Buybacks

BlackRock Enhanced Government Fund Announces Upcoming Repurchase Offer; Offering To Purchase Up To 5% Of Its Shares At An Amount Per Share Equal To Fund's Net Asset Value

Tuesday marks the last chance for investors to receive the next dividend payout from Blackrock Enhanced Gov (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGF#NYSE">EGF</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a monthly dividend of 4.1 cents per share. On Wednesday, Blackrock Enhanced Gov will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 4.1 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own EGF as of the end of Tuesday's session are eligible to receive the 4.1 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 22, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Blackrock Enhanced Gov's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

BlackRock Enhanced Government Fund, Inc. (the &quot;Fund&quot;) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGF#NYSE">EGF</a>, CUSIP: 09255K108)))) announced the expiration of the Fund&#39;s annual repurchase offer for its shares of common stock (the &quot;Repurchase Offer&quot;). The Repurchase Offer and withdrawal rights expired at 5:00 p.m., Eastern Time, on November 16, 2022. The Fund offered to repurchase up to&nbsp;5%&nbsp;of its issued and outstanding shares of common stock (the &quot;Shares&quot;) for cash at a price equal to the net asset value of the Shares as of the close of regular trading on the New York Stock Exchange on November 17, 2022, subject to a repurchase fee of&nbsp;2%&nbsp;of the value of the Shares repurchased, which will be deducted from the repurchase price. As of Wednesday, November 16, 2022, 4,142,327 Shares of the Fund were outstanding. A repurchase amount of&nbsp;5%&nbsp;of the Shares outstanding as of November 16, 2022 would represent approximately 207,116 Shares.
The preliminary count by Computershare Trust Company, N.A., the Fund&#39;s depositary agent, indicated that approximately 2,801,163 Shares (approximately&nbsp;68%&nbsp;of the Fund&#39;s Shares outstanding as of November 16, 2022) were validly tendered and not withdrawn prior to the expiration of the Fund&#39;s Repurchase Offer. This determination is subject to final confirmation and the proper delivery of all Shares tendered and not withdrawn.
Because the aggregate number of Shares tendered and not withdrawn exceeds the total number of Shares that the Fund offered to repurchase, the Fund will repurchase any Shares tendered on a pro rata basis. However, the Fund will accept all Shares tendered by stockholders who own, beneficially or of record, an aggregate of not more than 99 Shares and who tender all of their Shares, before pro rating Shares tendered by other stockholders. Shares validly tendered and accepted will not be entitled to receive any Fund dividend or distribution with a record date on or after November 24, 2022.
The Fund is a diversified, closed-end management investment company. The Fund&#39;s investment objective is to provide stockholders with current income and gains.
None of the Fund, its investment adviser or its Board of Directors has made any recommendation to any stockholder as to whether to tender or refrain from tendering Shares in the Repurchase Offer.
For client-specific information regarding the Repurchase Offer, please contact your broker or financial advisor, or in the case of registered stockholders, Computershare Trust Company, N.A., which is acting as the depositary agent in connection with the Repurchase Offer.

Reported Late Wednesday, BlackRock Enhanced Government Fund Announces Expiration of Annual Repurchase Offer; The Fund Offered To Repurchase Up To 5% Of Its Issued And Outstanding Shares Of Common Stock

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Blackrock Enhanced Gov

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Blackrock Enhanced Gov (NYSE:EGF) Stock, Quote.Headers.trade-ideas