NEW YORK--(BUSINESS WIRE)--Nov 22, 2024-- Today, the Board of Directors (the “Board”) of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII) (the "Fund") approved changing the name of the Fund to “BlackRock Enhanced Large Cap Core Fund, Inc.” In connection with the name change, the Board has approved the adoption of a non-fundamental investment policy to invest at least 80% of the Fund’s net assets plus the amount of any borrowings for investment purposes, in large cap equity securities and derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities (the “80% Policy”). For purposes of the 80% Policy, large cap equity securities are equity securities that at the time of purchase have a market capitalization within the range of companies included in the Russell 1000® Index. The name change and adoption of the 80% Policy are expected to be effective as of December 31, 2024. After careful review of the Fund’s current investment strategies and portfolio holdings, the Fund’s investment adviser, BlackRock Advisors, LLC (“BlackRock”), recommended that the Board approve the name change and adoption of the 80% Policy in order to comply with recent amendments to Rule 35d-1 under the Investment Company Act of 1940 (often referred to as the “Names Rule”) that will go into effect in 2025 and expand the scope of the Names Rule. There will be no changes to the Fund’s investment objective, NYSE ticker symbol or CUSIP as a result of the name change or adoption of the 80% Policy. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate Availability of Fund Updates BlackRock will update performance and certain other data for the Fund on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Fund. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate BlackRock’s website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or the Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund’s or 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. With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in the Fund’s net asset value; (2) the relative and absolute investment performance of the Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. Annual and Semi-Annual Reports and other regulatory filings of the Fund with the Securities and Exchange Commission (“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 Fund. The information contained on BlackRock’s website is not a part of this press release. View source version on businesswire.com : https://www.businesswire.com/news/home/20241122388285/en/ 1-800-882-0052 KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: BlackRock Closed-End Funds Copyright Business Wire 2024. PUB: 11/22/2024 05:00 PM/DISC: 11/22/2024 05:02 PM http://www.businesswire.com/news/home/20241122388285/enSAO PAULO (AP) — Brazil’s former far-right President Jair Bolsonaro was fully aware of and actively participated in a coup plot to remain in office after his defeat in the 2022 election , according to a Federal Police report unsealed Tuesday. Federal Police last Thursday formally accused Bolsonaro and 36 other people of attempting a coup. They sent their 884-page report to the Supreme Court, which lifted the seal. The unsealed document provides a first glimpse of several testimonies that describe the former president as one of the key leaders of the plot, and not a mere observer. “The evidence collected throughout the investigation shows unequivocally that then-President Jair Messias Bolsonaro planned, acted and was directly and effectively aware of the actions of the criminal organization aiming to launch a coup d’etat and eliminate the democratic rule of law, which did not take place due to reasons unrelated to his desire,” the document said. At another point, it says: “Bolsonaro had full awareness and active participation.” Bolsonaro, who had repeatedly alleged without evidence that the country’s electronic voting system was prone to fraud, called a meeting in December 2022, during which he presented a draft decree to the commanders of the three divisions of the armed forces, according to the police report, signed by four investigators. The decree would have launched an investigation into suspicions of fraud and crimes related to the October 2022 vote, and suspended the powers of the nation’s electoral court. RELATED COVERAGE Dozens of recordings reveal high-ranking Brazilian officers pressured Bolsonaro to stage a coup Brazilian police formally accused Bolsonaro of an attempted coup. What comes next? The dizzying array of legal threats to Brazil’s former President Jair Bolsonaro The navy’s commander stood ready to comply, but those from the army and air force objected to any plan that prevented Lula’s inauguration, the report said. Those refusals are why the plan did not go ahead, according to witnesses who spoke to investigators. Bolsonaro never signed the decree to set the final stage of the alleged plan into action. Bolsonaro has repeatedly denied any wrongdoing or awareness of any plot to keep him in power or oust his leftist rival and successor, Luiz Inácio Lula da Silva. “No one is going to do a coup with a reserve general and half a dozen other officers. What is being said is absurd. For my part, there has never been any discussion of a coup,” Bolsonaro told journalists in Brazil’s capital Brasilia on Monday. “If someone came to discuss a coup with me, I’d say, that’s fine, but the day after, how does the world view us?” he added. “The word ‘coup’ has never been in my dictionary.” The top court has passed the report on to Prosecutor-General Paulo Gonet. He will decide whether to formally charge Bolsonaro and put him on trial, or toss the investigation. The former president was formally accused of three crimes: violent elimination of the rule of law, staging a coup d’etat and forming a criminal organization. Rodrigo Rios, a law professor at the PUC university in the city of Curitiba, said Bolsonaro could face up to a minimum of 11 years in prison if convicted on all charges. “A woman involved in the Jan. 8 attack on the Supreme Court received a 17-year prison sentence,” Rios told The Associated Press, noting that the former president is more likely to receive 15 years or more if convicted. “Bolsonaro’s future looks dark.” Ahead of the 2022 election, Bolsonaro repeatedly alleged that the election system, which does not use paper ballots, could be tampered with. The top electoral court later ruled that he had abused his power to cast unfounded doubt on the voting system, and ruled him ineligible for office until 2030 . Still, he has maintained that he will stand as a candidate in the 2026 race. Since Bolsonaro left office, he has been targeted by several investigations, all of which he has chalked up to political persecution. Federal Police have accused him of smuggling diamond jewelry into Brazil without properly declaring them and directing a subordinate to falsify his and others’ COVID-19 vaccination statuses . Authorities are also investigating whether he incited the Jan. 8, 2022 riot in which his followers ransacked the Supreme Court and presidential palace in Brasilia, seeking to prompt intervention by the army that would oust Lula from power. Bolsonaro had left for the United States days before Lula’s inauguration on Jan. 1, 2023 and stayed there three months, keeping a low profile. The police report unsealed Tuesday alleges he was seeking to avoid possible imprisonment related to the coup plot, and also await the uprising that took place a week later. ___ Hughes reported from Rio de Janeiro
Arkansas receiver Andrew Armstrong said Tuesday that he is entering the NFL Draft. Later in the day, a school spokesman told reporters that Armstrong will skip the Razorbacks' bowl game. The destination isn't yet known. Armstrong led the Southeastern Conference in both receptions (78) and receiving yards (1,140) but caught just one touchdown in 11 games this season. His catches and yardage were both second-most in Arkansas history behind Cobi Hamilton, who had 90 receptions for 1,335 yards in 2012. "It's been a journey for the books and I wouldn't trade it for anything because it has made me into the man I am today," Armstrong said of his Razorbacks tenure in a social media post. "... I will never forget all the moments that were shared here in Fayetteville." Armstrong played two seasons at Texas A&M-Commerce before transferring to Arkansas ahead of the 2023 season. In two seasons with the Razorbacks, he caught 134 passes for 1,904 yards and six scores. --Field Level MediaValladolid loses again and Getafe ends winless run in La Liga