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BlackRock Announces Closing of Reorganization of BlackRock Enhanced Government Fund, Inc. (EGF) with and into BlackRock Income Trust, Inc. (BKT)

1. BlackRock Enhanced Government Fund was reorganized into BlackRock Income Trust. 2. EGF shareholders received common shares of BKT based on EGF net asset value.

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FAQ

Why Bullish?

The reorganization may increase BKT's overall asset base and investor interest. Historical reorganizations often lead to improved liquidity and market perception.

How important is it?

The reorganization directly involves BKT, potentially affecting its market value and investor confidence. The impactful nature of asset consolidation heightens relevance.

Why Long Term?

The integration of BKT's and EGF's portfolios could provide benefits over time, enhancing performance. Long-term capital flows typically improve after consolidations.

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EGF
NEW YORK--(BUSINESS WIRE)---- $BKT--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 comm.

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