BlackRock Enhanced Capital and Income Fund, Inc. Approves Name and Investment Policy Changes

Business Wire06:00

NEW YORK, November 22, 2024--(BUSINESS WIRE)--Today, the Board of Directors (the "Board") of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII) (the "Fund") approved changing the name of the...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485217290?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/s9YEvDQU7ma7b1syylv5CA--~B/aD01MjY7dz0xNTAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/business-wire.com/56c800530bf2ef5fcc516a3d08b2195a","is_english":true,"pubTime":"2024-11-23 06:00","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2485217290","market":"us","top_or_hot":-1,"title":"BlackRock Enhanced Capital and Income Fund, Inc. Approves Name and Investment Policy Changes","media":"Business Wire","content":"<div>\n<p>NEW YORK, November 22, 2024--(BUSINESS WIRE)--Today, the Board of Directors (the \"Board\") of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII) (the \"Fund\") approved changing the name of the...</p>\n\n<a href=\"https://finance.yahoo.com/news/blackrock-enhanced-capital-income-fund-220000521.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlackRock Enhanced Capital and Income Fund, Inc. Approves Name and Investment Policy Changes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackRock Enhanced Capital and Income Fund, Inc. Approves Name and Investment Policy Changes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-23 06:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/blackrock-enhanced-capital-income-fund-220000521.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK, November 22, 2024--(BUSINESS WIRE)--Today, the Board of Directors (the \"Board\") of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII) (the \"Fund\") approved changing the name of the...</p>\n\n<a href=\"https://finance.yahoo.com/news/blackrock-enhanced-capital-income-fund-220000521.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1670627923.USD","symbol_name":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/blackrock-enhanced-capital-income-fund-220000521.html","article_id":"2485217290","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/s9YEvDQU7ma7b1syylv5CA--~B/aD01MjY7dz0xNTAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/business-wire.com/56c800530bf2ef5fcc516a3d08b2195a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485217290","pubTimestamp":1732312800,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"NEW YORK, November 22, 2024----Today, the Board of Directors  of BlackRock Enhanced Capital and Income Fund, Inc.   approved changing the name of the Fund to \"BlackRock Enhanced Large Cap Core Fund, Inc.\" In connection with the name change, the Board has approved the adoption of a non-fundamental investment policy to invest at least 80% of the Fund’s net assets plus the amount of any borrowings for investment purposes, in large cap equity securities and derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities . For purposes of the 80% Policy, large cap equity securities are equity securities that at the time of purchase have a market capitalization within the range of companies included in the Russell 1000 Index. The name change and adoption of the 80% Policy are expected to be effective as of December 31, 2024.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1481011911.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USDHDG) INC","BK4535":"淡马锡持仓","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BLK":"贝莱德","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","BK4588":"碎股","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","BK4581":"高盛持仓","BK4504":"桥水持仓","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4135":"资产管理与托管银行","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","CII":"CII基金","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","LU0731783048.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC MONTHLY (G)","IE00BVYPNW00.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) ACC","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","GRO":"Brazil Potash Corp.","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0772969993.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) ACC","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","BK4567":"ESG概念","LU0742537680.HKD":"FIDELITY GLOBAL DIVIDEND \"A \" (HKD) INC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU1481011671.HKD":"FIDELITY GLOBAL DIVIDEND \"A\" (HKDHDG) INC","BK4533":"AQR资本管理(全球第二大对冲基金)"},"translate_title":"贝莱德增强资本和收益基金公司批准名称和投资政策变更","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLK":1,"GRO":1,"CII":0.9},"content_text":"NEW YORK, November 22, 2024--(BUSINESS WIRE)--Today, the Board of Directors (the \"Board\") of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII) (the \"Fund\") approved changing the name of the Fund to \"BlackRock Enhanced Large Cap Core Fund, Inc.\" In connection with the name change, the Board has approved the adoption of a non-fundamental investment policy to invest at least 80% of the Fund’s net assets plus the amount of any borrowings for investment purposes, in large cap equity securities and derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities (the \"80% Policy\"). For purposes of the 80% Policy, large cap equity securities are equity securities that at the time of purchase have a market capitalization within the range of companies included in the Russell 1000® Index. The name change and adoption of the 80% Policy are expected to be effective as of December 31, 2024.\nAfter careful review of the Fund’s current investment strategies and portfolio holdings, the Fund’s investment adviser, BlackRock Advisors, LLC (\"BlackRock\"), recommended that the Board approve the name change and adoption of the 80% Policy in order to comply with recent amendments to Rule 35d-1 under the Investment Company Act of 1940 (often referred to as the \"Names Rule\") that will go into effect in 2025 and expand the scope of the Names Rule.\nThere will be no changes to the Fund’s investment objective, NYSE ticker symbol or CUSIP as a result of the name change or adoption of the 80% Policy.\nAbout BlackRock\nBlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate\nAvailability of Fund Updates\nBlackRock will update performance and certain other data for the Fund on a monthly basis on its website in the \"Closed-end Funds\" section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Fund. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate BlackRock’s website in this release.\nForward-Looking Statements\nThis press release, and other statements that BlackRock or the Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund’s or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as \"trend,\" \"potential,\" \"opportunity,\" \"pipeline,\" \"believe,\" \"comfortable,\" \"expect,\" \"anticipate,\" \"current,\" \"intention,\" \"estimate,\" \"position,\" \"assume,\" \"outlook,\" \"continue,\" \"remain,\" \"maintain,\" \"sustain,\" \"seek,\" \"achieve,\" and similar expressions, or future or conditional verbs such as \"will,\" \"would,\" \"should,\" \"could,\" \"may\" or similar expressions.\nBlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.\nWith respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in the Fund’s net asset value; (2) the relative and absolute investment performance of the Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.\nAnnual and Semi-Annual Reports and other regulatory filings of the Fund with the Securities and Exchange Commission (\"SEC\") are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Fund. The information contained on BlackRock’s website is not a part of this press release.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241122388285/en/\nContacts\n1-800-882-0052","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485217290"}