BlackRock Announces Closing of Reorganization of BlackRock Enhanced Government Fund, Inc. (EGF) with and into BlackRock Income Trust, Inc. (BKT)
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BlackRock has finalized the reorganization of BlackRock Enhanced Government Fund (EGF) into BlackRock Income Trust (BKT), effective March 24, 2025. Shareholders of EGF received BKT shares based on a conversion ratio of 0.84020511, with cash provided for fractional shares. The EGF distribution scheduled for March 31, 2025, will be paid in cash.
March 24, 2025 | 12:45 pm
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NEUTRAL IMPACT
EGF shareholders will have their shares converted to BKT shares at a ratio of 0.84020511, effectively ending EGF as a separate fund.
Complete fund reorganization means EGF will cease to exist as a separate entity, with shareholders fully transitioned to BKT shares.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
BlackRock Income Trust will incorporate EGF's assets, increasing its total assets and potentially its market presence.
Merger adds EGF's assets to BKT, potentially improving fund scale and investor base without significant market disruption.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100