BlackRock Enhanced Government Fund, Inc. Announces Expiration of Annual Repurchase Offer

Nov 17, 2022

BlackRock Enhanced Government Fund, Inc. (the “Fund”) (NYSE: EGF, CUSIP: 09255K108) announced the expiration of the Fund’s annual repurchase offer for its shares of common stock (the “Repurchase Offer”). 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 5% of its issued and outstanding shares of common stock (the “Shares”) 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 2% 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 5% of the Shares outstanding as of November 16, 2022 would represent approximately 207,116 Shares.

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