Blackrock Enhanced Equity Yield Fund, Inc.- (425)
28 July 2008 - 8:00PM
Edgar (US Regulatory)
Contact:
1-800-882-0052
BlackRock Enhanced
Equity Yield Fund, BlackRock Enhanced Equity Yield & Premium Fund and
BlackRock
Enhanced Capital & Income Fund Announce Adjournment of Meeting for
Proposed
Reorganization
New York, July 25, 2008
— BlackRock
Advisors, LLC announced today that the joint special meeting of stockholders of
BlackRock Enhanced Equity Yield Fund, Inc. (NYSE:EEF), BlackRock Enhanced Equity
Yield & Premium Fund, Inc. (NYSE:ECV) and BlackRock Enhanced Capital & Income
Fund, Inc. (NYSE:CII) was held today and has been adjourned upon stockholder motion
until August 29, 2008.
The special meeting was adjourned
to allow additional time to further solicit votes in connection with the proposed
reorganization of each of EEF and ECV into CII, with CII being the surviving fund,
as outlined in the Notice of Joint Special Meeting of Stockholders previously mailed
to stockholders. The reconvened special meeting of stockholders will be held at 800
Scudders Mill Road, Plainsboro, New Jersey at 9:00 a.m.
About BlackRock
BlackRock is one of the world’s
largest publicly traded investment management firms. At June 30, 2008, BlackRock’s
AUM was $1.428 trillion. The firm manages assets on behalf of institutions and
individuals worldwide through a variety of equity, fixed income, cash management and
alternative investment products. In addition, a growing number of institutional
investors use
BlackRock Solutions
investment system, risk management and
financial advisory services. Headquartered in New York City, as of June 30, 2008,
the firm has approximately 5,700 employees in 19 countries and a major presence in
key global markets, including the U.S., Europe, Asia, Australia and the Middle
East. For additional information, please visit the Company’s website
at
www.blackrock.com
.
Forward-Looking
Statements
This press release, and other
statements that BlackRock may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with respect to 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.
BlackRock 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.
The following factors, among
others, could cause actual events to differ materially from forward-looking
statements or historical performance: (1) the introduction, withdrawal, success
and timing of business initiatives and strategies; (2) changes in political,
economic or industry conditions, the interest rate environment or financial and
capital markets, which could result in changes in demand for products or services or in
the value of assets under management; (3) the relative and absolute investment
performance of BlackRock’s investment products; (4) the impact of increased
competition;
(5) the impact of future
acquisitions or divestitures; (6) the unfavorable resolution of legal proceedings;
(7) the extent and timing of any share repurchases; (8) the impact, extent and
timing of technological changes and the adequacy of intellectual property protections;
(9) the impact of legislative and regulatory actions and reforms and regulatory,
supervisory or enforcement actions of government agencies relating to BlackRock,
Merrill Lynch or PNC; (10) terrorist activities and international hostilities, which
may adversely affect the general economy, domestic and local financial and capital
markets; (11) the ability to attract and retain highly talented professionals; (12) the
impact of changes to tax legislation; (13) BlackRock’s ability to successfully
integrate the MLIM and Quellos businesses with its existing business; (14) the
ability of BlackRock to effectively manage the former MLIM and Quellos assets along
with its historical assets under management; and (15) BlackRock may elect to provide
support to its products from time to time.
The Annual and Semi-Annual Reports
and other regulatory filings of the BlackRock Closed-End Funds with the 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 Closed-End
Funds. The information contained on our website is not a part of this press release.
The Joint Proxy
Statement/Prospectus relating to the proposed reorganization contains important
information and stockholders are urged to read it. Free copies of the Joint Proxy
Statement/Prospectus are available by calling BlackRock at (800) 882-0052 or on the SEC’s
web site at
www.sec.gov
.
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