BlackRock Enhanced Equity Yield Fund, Inc. Commencement of Repurchase Offer
10 Maio 2007 - 6:44PM
Business Wire
BlackRock Enhanced Equity Yield Fund, Inc. (the �Fund�) (NYSE: EEF)
today announced that the Fund�s offer to repurchase up to 5% of its
outstanding shares of common stock (the �Shares�) from its
stockholders (the �Repurchase Offer�) will commence on May 18,
2007. Under the terms of the Repurchase Offer, the Fund is offering
to purchase up to 5% of its Shares from stockholders at an amount
per Share equal to the Fund�s net asset value per Share calculated
as of the close of business of the New York Stock Exchange on June
29, 2007, less a repurchase fee of 2% of the value of the Shares
repurchased. The Repurchase Offer is scheduled to expire on June
15, 2007, unless extended, with payment for the Shares repurchased
to be made on or before July 6, 2007. The Fund has established a
record date of May 4, 2007 solely for the purpose of identifying
stockholders eligible to receive Repurchase Offer materials. The
Fund is a diversified, closed-end management investment company
with a primary investment objective of providing stockholders with
current income and gains. The Fund�s secondary investment objective
is to provide capital appreciation consistent with the Fund�s
investment strategies and primary investment objective. Neither the
Fund nor its Investment Adviser or Board of Directors makes any
recommendation to any stockholder as to whether to tender or
refrain from tendering Shares in the Repurchase Offer. For client
specific information regarding the Repurchase Offer, please contact
your broker or financial advisor, or in the case of registered
stockholders, the Bank of New York, which shall act as the
Depositary Agent in connection with the Repurchase Offer. About
BlackRock BlackRock is one of the world�s largest publicly traded
investment management firms. As of March 31, 2007, assets under
management were $1.154 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, the
firm has approximately 5,000 employees in 18 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. In addition to factors previously disclosed
in BlackRock's SEC reports and those identified elsewhere in this
communication, the following factors, among others, could cause
actual results 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,
including its separately managed accounts and the former MLIM
business; (4) the impact of increased competition; (5) the impact
of capital improvement projects; (6) the impact of future
acquisitions or divestitures; (7) the unfavorable resolution of
legal proceedings; (8) the extent and timing of any share
repurchases; (9) the impact, extent and timing of technological
changes and the adequacy of intellectual property protection; (10)
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; (11)
terrorist activities and international hostilities, which may
adversely affect the general economy, domestic and local financial
and capital markets, specific industries, and BlackRock; (12) the
ability to attract and retain highly talented professionals; (13)
fluctuations in foreign currency exchange rates, which may
adversely affect the value of advisory fees earned by BlackRock;
(14) the impact of changes to tax legislation and, generally, the
tax position of the Company; (15) BlackRock's ability to
successfully integrate the MLIM business with its existing
business; (16) the ability of BlackRock to effectively manage the
former MLIM assets along with its historical assets under
management; and (17) BlackRock's success in maintaining the
distribution of its products. BlackRock's Annual Reports on Form
10-K and BlackRock's subsequent filings with the SEC, accessible on
the SEC's website at http://www.sec.gov and on BlackRock�s website
at http://www.blackrock.com, discuss these factors in more detail
and identify additional factors that can affect forward-looking
statements. The information contained on our website is not a part
of this press release.
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