BlackRock Enhanced Government Fund (NYSE:EGF) Enters Standstill Agreement with Saba Capital Management, L.P.

BlackRock Enhanced Government Fund, Inc. recently disclosed in an 8-K filing that on January 20, 2025, the company, along with BlackRock Advisors, LLC, its Investment Advisor, entered into a standstill agreement with Saba Capital Management, L.P. This agreement, termed the “Standstill Agreement,” outlines specific terms that the involved parties have consented to adhere to during its effective period.

Under the terms of the Standstill Agreement, Saba Capital Management, L.P. agreed to abide by certain customary standstill covenants. Additionally, Saba Capital Management, L.P. has committed to voting its shares of common stock, if any, in alignment with the recommendations put forth by the Fund’s Board of Directors on all matters presented to shareholders.

The Standstill Agreement is set to be enforced until the day succeeding the BlackRock Enhanced Government Fund’s 2027 annual meeting of shareholders or August 31, 2027, whichever comes earlier, unless otherwise terminated by mutual agreement before the stipulated time frame.

Included as Exhibit 10.1 to the filed report is a copy of the Standstill Agreement, which is hereby incorporated by reference.

Moreover, under Item 9.01, the filing addresses Financial Statements and Exhibits, with the Standstill Agreement dated January 20, 2025, designated as Exhibit 10.1 and a Cover Page Interactive Data File attached as Exhibit 104.

In compliance with the Securities Exchange Act of 1934, the report has been duly signed on behalf of BlackRock Enhanced Government Fund, Inc. by Janey Ahn, the Secretary, dated January 21, 2025.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read BlackRock Enhanced Government Fund’s 8K filing here.

About BlackRock Enhanced Government Fund

BlackRock Enhanced Government Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in a portfolio of United States government and government agency securities, including the U.S.