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CII Buyback image

BlackRock Enhanced Capital and Income Fund, Inc. Buyback

OLI recorded this information on 11/15/2023

Company: BlackRock Enhanced Capital and Income Fund, Inc.
Buyback: CII buyback
Share Amount Authorized: 5% of current outstanding shares
Buyback Details: BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the "Funds") have authorized the renewal of open market share repurchase programs (the "Repurchase Programs"). Under each Fund's current Repurchase Program, each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2022) in open market transactions. Pursuant to the Boards' renewal of the Repurchase Programs, commencing on December 1, 2023, each Fund may repurchase up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2023) in open market transactions through November 30, 2024. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value ("NAV") per share, which could result in incremental accretion to a Fund's NAV. The Boards have authorized the renewal of a Repurchase Program for the following Funds: (data in chart)

BlackRock Enhanced Capital & Income Fund is registered as a diversified, closed-end management investment company. The Trust investment objective is to provide investors with a combination of current income and capital appreciation. The Trust seeks to achieve its investment objective by investing in a portfolio of equity securities of United States and foreign issuers.
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CII — Key Stats (updated Fri., Apr. 26, 10:47 AM)
Company Name:  BlackRock Enhanced Capital & Income Fund Inc
Stock buyback:  CII buyback
Website:  www.blackrock.com
Sector:  Investment Companies & Venture Capital
Number of ETFs Holding CII:  2
Total Market Value Held by ETFs:  $7.84M
Total Market Capitalization:  $42.00M
% of Market Cap. Held by ETFs:  18.66%
 

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April 27, 2024  •  7:48 PM Eastern
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