BlackRock Enhanced Large Cap Core Fund (NYSE: CII) announced a $75 million special distribution equal to $1.833 per share, payable on January 16, 2026 to holders of record as of December 3, 2025 (ex-date December 3, 2025).
Shareholders may elect cash, but total cash distributed is limited to 20% of the aggregate distribution; remaining ~80% will be paid in Shares. Valuation date for share issuance is January 2, 2026, with Shares issued at the lower of NAV or market price (floor 95% of market if NAV lower). The distribution is estimated to be 100% long-term capital gain.
BlackRock Enhanced Capital and Income Fund (NYSE: CII) announced that its Board approved changing the fund's name to 'BlackRock Enhanced Large Cap Core Fund, Inc.' The Board also adopted a new 80% investment policy requiring the fund to invest at least 80% of its net assets plus borrowings in large cap equity securities and related derivatives. Large cap securities are defined as those within the Russell 1000® Index's market capitalization range at purchase. These changes will take effect on December 31, 2024, aligning with upcoming Names Rule amendments. The fund's investment objective, ticker symbol, and CUSIP remain unchanged.