BDJ - BlackRock Enhanced Equity Dividend Trust

What this means for you

None of the investors we follow has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

In the fund's last buy-back (results filed Nov 19, 2024), holders offered 10.1% of all shares and the fund bought about 25 of every 100 shares offered, so holders who took part got only part of what they offered. Results of the last buy-back →

1. Dec 9, 2025

   The fund said it may sell new shares.

   Original document →

2. Dec 5, 2025

   The fund said it may sell new shares.

   Original document →

3. Nov 26, 2025

   The fund said it may sell new shares.

   Original document →

4. Dec 23, 2024

   The fund said it may sell new shares.

   Original document →

5. Nov 19, 2024

   The buy-back ended; holders offered 10.1% of all shares and the fund paid $9.212 a share.

   Original document →

About this fund

• Run by BlackRock Advisors, LLC. Part of the BlackRock-advised Funds fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $1.81 billion of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 4% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.8% a year in management fees; 0.9% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Among the 53 funds we follow that invest in shares, 13 charge a lower management fee and 3 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $19 in the first year and about $117 over 10 years, assuming the holdings return 5% a year. As of Dec 31, 2025, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $0.85 a share. $0.23 of that was income; $0.62 came from gains. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $9.74. The shares traded at $9.48, about 2.7% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 12.4% below to 2.7% below. As of Dec 31, 2025, from the fund's annual report. Original document →
• How the holdings did: up 11.1% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2005.

How this has changed

• Payouts per share: $0.85 in the fiscal year ended Dec 31, 2025; $0.68 in the year ended Dec 31, 2024; $0.73 in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• None of those payouts was your own money back; all of it was income or gains.As of Dec 31, 2025, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 0.88% a year in the fiscal year ended Dec 31, 2025; 0.88% a year in the year ended Dec 31, 2024; 0.86% a year in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Size of the holdings: about $1.72 billion at Dec 31, 2025; $1.6 billion at Dec 31, 2024; $1.64 billion at Dec 31, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 31, 2023 →.
• Borrowing: about 4% on top of its own money at Dec 31, 2025; 4% at Dec 31, 2024; 5% at Dec 31, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 31, 2023 →.
• The fund had about 177 million shares at Dec 31, 2025, down 5% from Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
  In between, the fund bought back shares. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Dec 31, 2025: the shares returned +25.9%, counting payouts; the holdings +18.8%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Dec 31, 2025, from the fund's annual report. Original document →
• The year ended Dec 31, 2024: the shares returned +16.8%, counting payouts; the holdings +10.9%. As of Dec 31, 2024, from the fund's annual report. Original document →
• The year ended Dec 31, 2023: the shares returned -6.7%, counting payouts; the holdings +10.4%. As of Dec 31, 2023, from the fund's annual report. Original document →
• The year ended Dec 31, 2022: the shares returned +0.7%, counting payouts; the holdings -3.7%. As of Dec 31, 2022, from the fund's annual report. Original document →
• The year ended Dec 31, 2021: the shares returned +29.8%, counting payouts; the holdings +19.3%. As of Dec 31, 2021, from the fund's annual report. Original document →
• Those five years together: the shares returned +79.5%. $10,000 of shares bought at the start (Jan 1, 2021) would have become about $17,900 by Dec 31, 2025, with every payout counted, before tax. As of Dec 31, 2025, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to June 30, 2026: +19.1%. The quarterly reports carry no share price, so this is the holdings alone. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Of the 46 funds that invest in shares with a fiscal year ending within six months of this one, 9 reported a higher share return for that year and 36 a lower one. As of Dec 31, 2025, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly shares (98%), the rest cash and short-term holdings. About 91% issued in the U.S.

The fund also sells options on its holdings to raise income.

1. Amazon.com - 6.4%
2. Microsoft - 5.6%
3. Apple - 4.5%
4. CVS Health - 3.7%
5. Citigroup - 2.9%
6. British American Tobacco PLC - 2.4%
7. UnitedHealth Group - 2.4%
8. Wells Fargo & - 2.3%
9. Johnson & Johnson - 2.3%
10. Merck & - 2.2%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →