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 is being fully merged into BKT, with shareholders receiving new shares at a fixed conversion ratio. The fund will cease to exist as a separate entity.
The complete merger means EGF shareholders will have their shares converted to BKT, effectively ending EGF as a standalone fund.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
BlackRock Income Trust is absorbing EGF, increasing its asset base and potentially providing more diversification for shareholders.
The merger brings additional assets and potentially new investment strategies to BKT, which could be viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100