BlackRock Enhanced Government Fund, Inc. Announces Expiration of Annual Repurchase Offer
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BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) announced the expiration of its annual repurchase offer for its shares. The offer expired on November 15, 2024, and involved repurchasing up to 5% of its shares at net asset value.
November 16, 2024 | 2:00 am
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BlackRock Enhanced Government Fund, Inc. completed its annual repurchase offer, buying back up to 5% of its shares at net asset value.
The completion of a share repurchase offer can positively impact the stock price as it reduces the number of shares outstanding, potentially increasing the value of remaining shares. This action reflects management's confidence in the company's value.
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