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Blackrock Enhanced Capital And Income Fund Inc
BlackRock Enhanced Capital and Income Fund Inc. (CII) is a closed-end management investment company that is listed on the New York Stock Exchange (NYSE). The fund's primary investment objective is to provide current income and, to a lesser extent, capital appreciation. It seeks to achieve its investment objective by investing primarily in a diversified portfolio of companies that have historically paid and are expected to pay dividends.
The fund is managed by BlackRock Advisors LLC, a subsidiary of BlackRock, Inc., a well-known global investment management firm. As of October 2021, BlackRock had approximately $9 trillion in assets under management.
Regarding financial performance, here are some key metrics for BlackRock Enhanced Capital and Income Fund Inc. (CII) for the past few years:
* Net Assets: As of October 2021, the fund's net assets were approximately $2.4 billion.
* Dividend Yield: The fund has a current dividend yield of approximately 4.3%, as of October 2021.
* Distribution Rate: The fund's distribution rate is approximately 7.5%.
* Total Returns: For the 1-year, 5-year, and 10-year periods ending September 2021, the fund had total returns of 16.1%, 3.9%, and 7.6%, respectively.
It's worth noting that past performance is not indicative of future results, and investors should carefully consider investment objectives, risks, charges, and expenses of a fund before investing.
Certain risks associated with this fund include stock market risk, closed-end fund risk, portfolio selection risk, and foreign investment risk, among others. Additionally, the fund's performance may be affected by economic and market conditions within the United States and abroad.
In summary, BlackRock Enhanced Capital and Income Fund Inc. (CII) is a closed-end management investment company that aims to provide current income and capital appreciation through a diversified portfolio of dividend-paying companies. While the fund has a solid track record of performance and is managed by a reputable firm, investors should carefully review the associated risks before investing.