BR Enh Govt Fd

BlackRock Enhanced Government Fund, Inc. (NYSE: EGF, the “Fund”) has completed its reorganization with and into BlackRock Income Trust, Inc. (NYSE: BKT and together with EGF, the “Funds,” and each, a “Fund”) (the “Reorganization”), effective as of the opening for business of the New York Stock Exchange on Monday, March 24, 2025.

In the Reorganization, each EGF shareholder received common shares of BKT in an amount equal to the aggregate net asset value of the EGF common shares held by such shareholder as determined at the close of business on March 21, 2025. No fractional shares of BKT common shares were issued in the Reorganization. As a result, EGF shareholders received cash in lieu of any such fractional shares.

Relevant details pertaining to the Reorganization are as follows:

Fund

Ticker

Net Asst
Value/Share
($)

Share
Conversion
Ratio

BlackRock Enhanced Government Fund, Inc.

EGF

$10.0444

0.84020511

BlackRock Income Trust, Inc.

BKT

$11.9547

–

The EGF distribution scheduled for payment on March 31, 2025 will be paid in cash.