Regulatory Filings • Nov 22, 2017
Preview not available for this file type.
Download Source FileN-Q 1 d430876dnq.htm BLACKROCK ENHANCED CAPITAL & INCOME FUND, INC. BLACKROCK ENHANCED CAPITAL & INCOME FUND, INC.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-21506
Name of Fund: BlackRock Enhanced Capital and Income Fund, Inc. (CII)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Enhanced Capital and Income Fund, Inc., 55 East 52 nd Street, New York, NY 10055
Registrants telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 12/31/2017
Date of reporting period: 09/30/2017
Item 1 Schedule of Investments
Schedule of Investments September 30, 2017 (Unaudited) BlackRock Enhanced Capital and Income Fund (CII) (Percentages shown are based on Net Assets)
| Common Stocks | Value | |
|---|---|---|
| Airlines 1.5% | ||
| Delta Air Lines, Inc. (a) | 228,136 | $ 11,000,718 |
| Auto Components 1.8% | ||
| Goodyear Tire & Rubber Co. (a) | 265,381 | 8,823,918 |
| Lear Corp. (a) | 23,950 | 4,145,266 |
| 12,969,184 | ||
| Banks 12.4% | ||
| Bank of America Corp. (a)(b) | 837,606 | 21,224,936 |
| Citigroup, Inc. (a) | 91,513 | 6,656,656 |
| JPMorgan Chase & Co. (a)(b) | 285,110 | 27,230,856 |
| Regions Financial Corp. (a) | 362,509 | 5,521,012 |
| SunTrust Banks, Inc. (a) | 231,139 | 13,815,178 |
| U.S. Bancorp (a) | 286,534 | 15,355,357 |
| 89,803,995 | ||
| Biotechnology 4.5% | ||
| Biogen, Inc. (a)(c) | 52,949 | 16,579,391 |
| Gilead Sciences, Inc. (a) | 200,270 | 16,225,875 |
| 32,805,266 | ||
| Capital Markets 1.9% | ||
| E*Trade Financial Corp. (a)(c) | 13,243 | 577,527 |
| Goldman Sachs Group, Inc. (a) | 56,698 | 13,448,199 |
| 14,025,726 | ||
| Chemicals 2.5% | ||
| DowDuPont, Inc. (a) | 266,449 | 18,446,264 |
| Communications Equipment 2.0% | ||
| Cisco Systems, Inc. (a) | 444,454 | 14,946,988 |
| Construction & Engineering 0.4% | ||
| EMCOR Group, Inc. (a) | 38,318 | 2,658,503 |
| Consumer Finance 1.0% | ||
| SLM Corp. (a)(c) | 643,933 | 7,385,911 |
| Containers & Packaging 1.8% | ||
| Avery Dennison Corp. (a) | 49,010 | 4,819,644 |
| Packaging Corp. of America (a) | 74,284 | 8,518,889 |
| 13,338,533 | ||
| Diversified Telecommunication Services 0.2% | ||
| AT&T, Inc. (a) | 37,503 | 1,468,992 |
| Electric Utilities 1.4% | ||
| FirstEnergy Corp. (a) | 331,947 | 10,233,926 |
| Electronic Equipment, Instruments & Components 2.2% | ||
| CDW Corp. (a) | 126,517 | 8,350,122 |
| Flex Ltd. (a)(c) | 444,675 | 7,368,265 |
| 15,718,387 | ||
| Food & Staples Retailing 4.8% | ||
| CVS Health Corp. (a)(b) | 137,450 | 11,177,434 |
| Wal-Mart Stores, Inc. (a) | 188,100 | 14,698,134 |
| Common Stocks | Value | |
|---|---|---|
| Food & Staples Retailing (continued) | ||
| Walgreens Boots Alliance, Inc. (a) | 119,591 | $ 9,234,817 |
| 35,110,385 | ||
| Health Care Equipment & Supplies 1.2% | ||
| Baxter International, Inc. (a) | 134,956 | 8,468,489 |
| Health Care Providers & Services 6.8% | ||
| Anthem, Inc. (a) | 17,318 | 3,288,342 |
| Centene Corp. (a)(c) | 89,151 | 8,627,142 |
| Humana, Inc. (a) | 63,416 | 15,450,040 |
| Laboratory Corp. of America Holdings (a)(c) | 36,871 | 5,566,415 |
| UnitedHealth Group, Inc. (a) | 83,019 | 16,259,271 |
| 49,191,210 | ||
| Hotels, Restaurants & Leisure 1.5% | ||
| Carnival Corp. (a) | 166,451 | 10,747,741 |
| Household Durables 2.6% | ||
| D.R. Horton, Inc. (a) | 308,599 | 12,322,358 |
| Lennar Corp., Class A (a) | 59,939 | 3,164,779 |
| NVR, Inc. (a)(c) | 1,270 | 3,625,850 |
| 19,112,987 | ||
| Household Products 0.2% | ||
| Energizer Holdings, Inc. (a) | 37,500 | 1,726,875 |
| Insurance 0.6% | ||
| Hartford Financial Services Group, Inc. (a) | 79,598 | 4,412,117 |
| Internet Software & Services 4.5% | ||
| Alphabet, Inc., Class A (a)(c) | 33,329 | 32,453,114 |
| IT Services 2.7% | ||
| Amdocs Ltd. (a) | 94,443 | 6,074,574 |
| Cognizant Technology Solutions Corp., Class A (a) | 183,589 | 13,317,546 |
| 19,392,120 | ||
| Machinery 2.9% | ||
| Fortive Corp. (a) | 92,749 | 6,565,702 |
| Stanley Black & Decker, Inc. (a) | 77,566 | 11,710,139 |
| WABCO Holdings, Inc. (a)(c) | 20,269 | 2,999,812 |
| 21,275,653 | ||
| Media 2.9% | ||
| Comcast Corp., Class A (a)(b) | 543,920 | 20,930,042 |
| Metals & Mining 1.0% | ||
| Rio Tinto PLC - ADR (a) | 151,326 | 7,141,074 |
| Multi-Utilities 0.6% | ||
| Public Service Enterprise Group, Inc. (a) | 88,048 | 4,072,220 |
| Oil, Gas & Consumable Fuels 6.5% | ||
| BP PLC - ADR (a) | 204,292 | 7,850,942 |
BLACKROCK ENHANCED CAPITAL AND INCOME FUND SEPTEMBER 30, 2017 1
Schedule of Investments (continued) BlackRock Enhanced Capital and Income Fund (CII)
| Common Stocks | Value | |
|---|---|---|
| Oil, Gas & Consumable Fuels (continued) | ||
| Chevron Corp. (a)(b) | 129,713 | $ 15,241,277 |
| Marathon Oil Corp. (a) | 130,908 | 1,775,112 |
| Statoil ASA - ADR (a) | 120,101 | 2,412,829 |
| Suncor Energy, Inc. (a) | 361,226 | 12,653,747 |
| TOTAL SA - ADR (a) | 87,509 | 4,683,482 |
| Valero Energy Corp. (a) | 34,618 | 2,663,163 |
| 47,280,552 | ||
| Pharmaceuticals 4.3% | ||
| Merck & Co., Inc. (a) | 100,975 | 6,465,429 |
| Novo Nordisk A/S - ADR (a) | 73,861 | 3,556,407 |
| Pfizer, Inc. (a) | 588,353 | 21,004,202 |
| 31,026,038 | ||
| Professional Services 0.7% | ||
| Robert Half International, Inc. (a) | 106,070 | 5,339,564 |
| Road & Rail 2.1% | ||
| Norfolk Southern Corp. (a) | 113,149 | 14,962,824 |
| Software 8.6% | ||
| Activision Blizzard, Inc. (a) | 190,940 | 12,317,539 |
| Dell Technologies, Inc., Class V (a)(c) | 88,843 | 6,859,568 |
| Microsoft Corp. (a)(b) | 398,650 | 29,695,439 |
| Oracle Corp. (a) | 287,714 | 13,910,972 |
| 62,783,518 | ||
| Specialty Retail 5.4% | ||
| Home Depot, Inc. (a)(b) | 101,513 | 16,603,466 |
| Lowes Cos., Inc. (a)(b) | 185,268 | 14,810,324 |
| Urban Outfitters, Inc. (a)(c) | 323,576 | 7,733,467 |
| 39,147,257 |
| Common Stocks | Value | ||
|---|---|---|---|
| Technology Hardware, Storage & Peripherals 5.3% | |||
| Apple, Inc. (a)(b) | 250,316 | $ 38,578,702 | |
| Tobacco 2.3% | |||
| Altria Group, Inc. (a)(b) | 266,262 | 16,886,336 | |
| Total Long-Term Investments (Cost $590,272,990) 101.1% | 734,841,211 | ||
| Short-Term Securities | |||
| BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.91% (d)(e) | 3,284,861 | 3,284,861 | |
| Total Short-Term Securities (Cost $3,284,861) 0.5% | 3,284,861 | ||
| Total Investments Before Options Written (Cost $593,557,851) 101.6% | 738,126,072 | ||
| Options Written (Premiums Received $7,812,287) (1.5)% | (11,153,038 | ) | |
| Total Investments, Net of Options Written (Cost $585,745,564) 100.1% | 726,973,034 | ||
| Liabilities in Excess of Other Assets (0.1)% | (380,060 | ) | |
| Net Assets 100.0% | $ 726,592,974 |
Notes to Schedule of Investments
(a) All or a portion of security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.
(b) All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives.
(c) Non-income producing security.
(d) Annualized 7-day yield as of period end.
2 BLACKROCK ENHANCED CAPITAL AND INCOME FUND SEPTEMBER 30, 2017
Schedule of Investments (continued) BlackRock Enhanced Capital and Income Fund (CII)
(e) During the period ended September 30, 2017, investments in issuers considered to be affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliate — BlackRock Liquidity Funds, T-Fund, Institutional Class | 24,715,046 | (21,430,185 | ) | 3,284,861 | Value at September 30, 2017 — $ 3,284,861 | Income — $ 60,315 | | Change in Unrealized Appreciation (Depreciation) — | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SL Liquidity Series, LLC, Money Market Series | 695,518 | (695,518 | ) | | | 1,192 | 1 | | $ (54 | ) |
| Total | $ 3,284,861 | $ 61,507 | | $ (54 | ) |
1 Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.
For Trust compliance purposes, the Trusts industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.
Portfolio Abbreviations
| ADR | American Depositary Receipts |
|---|---|
| OTC | Over-the-Counter |
Derivative Financial Instruments Outstanding as of Period End
| Exchange-Traded Options Written — Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||
|---|---|---|---|---|---|---|---|---|
| Call | ||||||||
| Bank of America Corp. | 216 | 10/02/17 | USD | 24.25 | USD | 547 | $ (23,672 | ) |
| DowDuPont, Inc. | 130 | 10/05/17 | USD | 65.25 | USD | 900 | (52,037 | ) |
| Alphabet, Inc., Class A | 28 | 10/06/17 | USD | 962.50 | USD | 2,726 | (42,420 | ) |
| Bank of America Corp. | 213 | 10/06/17 | USD | 24.00 | USD | 540 | (28,861 | ) |
| Bank of America Corp. | 212 | 10/06/17 | USD | 24.50 | USD | 537 | (18,974 | ) |
| Baxter International, Inc. | 562 | 10/06/17 | USD | 62.00 | USD | 3,527 | (57,886 | ) |
| CVS Health Corp. | 236 | 10/06/17 | USD | 78.00 | USD | 1,919 | (79,650 | ) |
| Chevron Corp. | 54 | 10/06/17 | USD | 110.00 | USD | 635 | (40,635 | ) |
| Cisco Systems, Inc. | 154 | 10/06/17 | USD | 32.00 | USD | 518 | (25,179 | ) |
| Citigroup, Inc. | 75 | 10/06/17 | USD | 67.50 | USD | 546 | (39,188 | ) |
| Comcast Corp., Class A | 96 | 10/06/17 | USD | 41.00 | USD | 369 | (864 | ) |
| Flex Ltd. | 165 | 10/06/17 | USD | 16.50 | USD | 273 | (3,382 | ) |
| Home Depot, Inc. | 172 | 10/06/17 | USD | 150.00 | USD | 2,813 | (233,920 | ) |
| Humana, Inc. | 96 | 10/06/17 | USD | 255.00 | USD | 2,339 | (3,360 | ) |
| Lowes Cos., Inc. | 211 | 10/06/17 | USD | 76.00 | USD | 1,687 | (85,455 | ) |
| Merck & Co., Inc. | 56 | 10/06/17 | USD | 65.50 | USD | 359 | (448 | ) |
| Microsoft Corp. | 698 | 10/06/17 | USD | 73.50 | USD | 5,199 | (83,411 | ) |
| Pfizer, Inc. | 302 | 10/06/17 | USD | 34.00 | USD | 1,078 | (52,850 | ) |
| Suncor Energy, Inc. | 433 | 10/06/17 | USD | 31.50 | USD | 1,517 | (154,798 | ) |
| UnitedHealth Group, Inc. | 24 | 10/06/17 | USD | 195.00 | USD | 470 | (4,740 | ) |
| Valero Energy Corp. | 40 | 10/06/17 | USD | 70.00 | USD | 308 | (30,500 | ) |
| Wal-Mart Stores, Inc. | 233 | 10/06/17 | USD | 80.00 | USD | 1,821 | (1,864 | ) |
| Pfizer, Inc. | 90 | 10/12/17 | USD | 33.75 | USD | 321 | (17,766 | ) |
BLACKROCK ENHANCED CAPITAL AND INCOME FUND SEPTEMBER 30, 2017 3
Schedule of Investments (continued) BlackRock Enhanced Capital and Income Fund (CII)
| Exchange-Traded Options Written (continued) — Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||
|---|---|---|---|---|---|---|---|---|
| Altria Group, Inc. | 40 | 10/13/17 | USD | 65.25 | USD | 254 | $ (876 | ) |
| Altria Group, Inc. | 125 | 10/13/17 | USD | 63.00 | USD | 793 | (12,750 | ) |
| Anthem, Inc. | 10 | 10/13/17 | USD | 197.50 | USD | 190 | (270 | ) |
| Apple, Inc. | 114 | 10/13/17 | USD | 160.00 | USD | 1,757 | (3,933 | ) |
| Apple, Inc. | 232 | 10/13/17 | USD | 162.50 | USD | 3,576 | (3,596 | ) |
| BP PLC - ADR | 179 | 10/13/17 | USD | 36.00 | USD | 688 | (44,303 | ) |
| Cisco Systems, Inc. | 162 | 10/13/17 | USD | 32.00 | USD | 545 | (26,811 | ) |
| Cognizant Technology Solutions Corp., Class A | 182 | 10/13/17 | USD | 71.00 | USD | 1,320 | (33,670 | ) |
| Comcast Corp., Class A | 572 | 10/13/17 | USD | 41.00 | USD | 2,201 | (3,432 | ) |
| Delta Air Lines, Inc. | 109 | 10/13/17 | USD | 48.00 | USD | 526 | (12,644 | ) |
| DowDuPont, Inc. | 155 | 10/13/17 | USD | 66.85 | USD | 1,073 | (40,803 | ) |
| Flex Ltd. | 164 | 10/13/17 | USD | 16.50 | USD | 272 | (4,346 | ) |
| JPMorgan Chase & Co. | 269 | 10/13/17 | USD | 92.00 | USD | 2,569 | (93,478 | ) |
| Marathon Oil Corp. | 190 | 10/13/17 | USD | 11.50 | USD | 258 | (39,425 | ) |
| Merck & Co., Inc. | 49 | 10/13/17 | USD | 64.50 | USD | 314 | (1,813 | ) |
| Microsoft Corp. | 336 | 10/13/17 | USD | 75.50 | USD | 2,503 | (12,096 | ) |
| Suncor Energy, Inc. | 358 | 10/13/17 | USD | 33.00 | USD | 1,254 | (76,433 | ) |
| UnitedHealth Group, Inc. | 26 | 10/13/17 | USD | 200.00 | USD | 509 | (1,885 | ) |
| Valero Energy Corp. | 42 | 10/13/17 | USD | 69.50 | USD | 323 | (34,335 | ) |
| WABCO Holdings, Inc. | 114 | 10/13/17 | USD | 136.90 | USD | 1,687 | (134,283 | ) |
| Walgreens Boots Alliance, Inc. | 148 | 10/13/17 | USD | 82.00 | USD | 1,143 | (1,480 | ) |
| AT&T, Inc. | 94 | 10/20/17 | USD | 38.00 | USD | 368 | (11,280 | ) |
| Activision Blizzard, Inc. | 157 | 10/20/17 | USD | 67.50 | USD | 1,013 | (6,437 | ) |
| Alphabet, Inc., Class A | 19 | 10/20/17 | USD | 975.00 | USD | 1,850 | (28,405 | ) |
| Altria Group, Inc. | 610 | 10/20/17 | USD | 65.00 | USD | 3,869 | (25,620 | ) |
| Anthem, Inc. | 37 | 10/20/17 | USD | 195.00 | USD | 703 | (4,551 | ) |
| Avery Dennison Corp. | 146 | 10/20/17 | USD | 95.00 | USD | 1,436 | (56,210 | ) |
| BP PLC - ADR | 179 | 10/20/17 | USD | 36.00 | USD | 688 | (44,392 | ) |
| Bank of America Corp. | 503 | 10/20/17 | USD | 24.00 | USD | 1,275 | (74,444 | ) |
| CDW Corp. | 310 | 10/20/17 | USD | 65.00 | USD | 2,046 | (49,600 | ) |
| Centene Corp. | 498 | 10/20/17 | USD | 95.00 | USD | 4,819 | (181,770 | ) |
| Chevron Corp. | 54 | 10/20/17 | USD | 110.00 | USD | 635 | (41,445 | ) |
| Cisco Systems, Inc. | 392 | 10/20/17 | USD | 31.00 | USD | 1,318 | (102,900 | ) |
| Citigroup, Inc. | 24 | 10/20/17 | USD | 70.00 | USD | 175 | (7,560 | ) |
| Citigroup, Inc. | 75 | 10/20/17 | USD | 67.50 | USD | 546 | (40,500 | ) |
| Cognizant Technology Solutions Corp., Class A | 311 | 10/20/17 | USD | 72.50 | USD | 2,256 | (32,655 | ) |
| DowDuPont, Inc. | 389 | 10/20/17 | USD | 65.00 | USD | 2,693 | (168,243 | ) |
| FirstEnergy Corp. | 210 | 10/20/17 | USD | 33.00 | USD | 647 | (1,050 | ) |
| FirstEnergy Corp. | 183 | 10/20/17 | USD | 32.00 | USD | 564 | (1,830 | ) |
| Flex Ltd. | 328 | 10/20/17 | USD | 17.00 | USD | 543 | (3,608 | ) |
| Fortive Corp. | 244 | 10/20/17 | USD | 66.15 | USD | 1,727 | (115,301 | ) |
| Gilead Sciences, Inc. | 462 | 10/20/17 | USD | 82.50 | USD | 3,743 | (52,206 | ) |
| Goodyear Tire & Rubber Co. | 379 | 10/20/17 | USD | 31.00 | USD | 1,260 | (88,118 | ) |
| Hartford Financial Services Group, Inc. | 140 | 10/20/17 | USD | 55.00 | USD | 776 | (13,860 | ) |
| Humana, Inc. | 113 | 10/20/17 | USD | 260.00 | USD | 2,753 | (5,650 | ) |
| Laboratory Corp. of America Holdings | 202 | 10/20/17 | USD | 155.00 | USD | 3,050 | (22,220 | ) |
| Lear Corp. | 134 | 10/20/17 | USD | 165.00 | USD | 2,319 | (125,290 | ) |
| Lennar Corp., Class A | 154 | 10/20/17 | USD | 52.50 | USD | 813 | (21,483 | ) |
| Lowes Cos., Inc. | 304 | 10/20/17 | USD | 75.00 | USD | 2,430 | (156,560 | ) |
| Marathon Oil Corp. | 127 | 10/20/17 | USD | 11.00 | USD | 172 | (32,703 | ) |
| Merck & Co., Inc. | 61 | 10/20/17 | USD | 65.00 | USD | 391 | (2,501 | ) |
| Microsoft Corp. | 348 | 10/20/17 | USD | 75.00 | USD | 2,592 | (26,970 | ) |
4 BLACKROCK ENHANCED CAPITAL AND INCOME FUND SEPTEMBER 30, 2017
Schedule of Investments (continued) BlackRock Enhanced Capital and Income Fund (CII)
| Exchange-Traded Options Written (continued) — Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||
|---|---|---|---|---|---|---|---|---|
| Microsoft Corp. | 155 | 10/20/17 | USD | 74.50 | USD | 1,155 | $ (15,965 | ) |
| Novo Nordisk A/S - ADR | 182 | 10/20/17 | USD | 49.00 | USD | 876 | (8,645 | ) |
| Oracle Corp. | 49 | 10/20/17 | USD | 50.00 | USD | 237 | (906 | ) |
| Packaging Corp. of America | 137 | 10/20/17 | USD | 115.00 | USD | 1,571 | (25,345 | ) |
| Pfizer, Inc. | 327 | 10/20/17 | USD | 34.00 | USD | 1,167 | (57,879 | ) |
| Rio Tinto PLC - ADR | 348 | 10/20/17 | USD | 47.50 | USD | 1,642 | (32,190 | ) |
| SLM Corp. | 472 | 10/20/17 | USD | 11.00 | USD | 541 | (31,152 | ) |
| Stanley Black & Decker, Inc. | 213 | 10/20/17 | USD | 140.00 | USD | 3,216 | (239,625 | ) |
| Stanley Black & Decker, Inc. | 213 | 10/20/17 | USD | 150.00 | USD | 3,216 | (59,640 | ) |
| SunTrust Banks, Inc. | 115 | 10/20/17 | USD | 60.00 | USD | 687 | (13,742 | ) |
| SunTrust Banks, Inc. | 318 | 10/20/17 | USD | 55.00 | USD | 1,901 | (158,205 | ) |
| TOTAL SA - ADR | 166 | 10/20/17 | USD | 51.25 | USD | 888 | (39,278 | ) |
| U.S. Bancorp | 448 | 10/20/17 | USD | 52.50 | USD | 2,401 | (71,456 | ) |
| UnitedHealth Group, Inc. | 317 | 10/20/17 | USD | 200.00 | USD | 6,208 | (61,815 | ) |
| Urban Outfitters, Inc. | 373 | 10/20/17 | USD | 22.00 | USD | 891 | (82,060 | ) |
| Valero Energy Corp. | 20 | 10/20/17 | USD | 70.00 | USD | 154 | (14,150 | ) |
| Wal-Mart Stores, Inc. | 362 | 10/20/17 | USD | 80.00 | USD | 2,829 | (28,236 | ) |
| Walgreens Boots Alliance, Inc. | 528 | 10/20/17 | USD | 82.50 | USD | 4,077 | (3,696 | ) |
| Activision Blizzard, Inc. | 78 | 10/27/17 | USD | 67.00 | USD | 503 | (5,694 | ) |
| Alphabet, Inc., Class A | 23 | 10/27/17 | USD | 952.50 | USD | 2,240 | (90,045 | ) |
| Altria Group, Inc. | 464 | 10/27/17 | USD | 64.50 | USD | 2,943 | (35,496 | ) |
| Anthem, Inc. | 4 | 10/27/17 | USD | 195.00 | USD | 76 | (950 | ) |
| Anthem, Inc. | 8 | 10/27/17 | USD | 192.50 | USD | 152 | (2,680 | ) |
| Apple, Inc. | 229 | 10/27/17 | USD | 165.00 | USD | 3,529 | (12,251 | ) |
| BP PLC - ADR | 86 | 10/27/17 | USD | 36.00 | USD | 330 | (22,188 | ) |
| BP PLC - ADR | 267 | 10/27/17 | USD | 37.00 | USD | 1,026 | (43,254 | ) |
| Bank of America Corp. | 507 | 10/27/17 | USD | 23.50 | USD | 1,285 | (100,386 | ) |
| Baxter International, Inc. | 142 | 10/27/17 | USD | 64.00 | USD | 891 | (10,721 | ) |
| Biogen, Inc. | 64 | 10/27/17 | USD | 327.50 | USD | 2,004 | (30,720 | ) |
| CVS Health Corp. | 218 | 10/27/17 | USD | 83.00 | USD | 1,773 | (13,298 | ) |
| Carnival Corp. | 233 | 10/27/17 | USD | 67.50 | USD | 1,504 | (8,737 | ) |
| Cisco Systems, Inc. | 1,137 | 10/27/17 | USD | 32.50 | USD | 3,824 | (131,324 | ) |
| Citigroup, Inc. | 36 | 10/27/17 | USD | 69.00 | USD | 262 | (15,030 | ) |
| Cognizant Technology Solutions Corp., Class A | 516 | 10/27/17 | USD | 73.00 | USD | 3,743 | (51,600 | ) |
| Comcast Corp., Class A | 586 | 10/27/17 | USD | 39.00 | USD | 2,255 | (38,090 | ) |
| Delta Air Lines, Inc. | 323 | 10/27/17 | USD | 51.00 | USD | 1,558 | (15,181 | ) |
| DowDuPont, Inc. | 99 | 10/27/17 | USD | 70.50 | USD | 685 | (5,643 | ) |
| Goldman Sachs Group, Inc. | 135 | 10/27/17 | USD | 235.00 | USD | 3,202 | (87,413 | ) |
| Goodyear Tire & Rubber Co. | 628 | 10/27/17 | USD | 33.50 | USD | 2,088 | (54,950 | ) |
| Hartford Financial Services Group, Inc. | 140 | 10/27/17 | USD | 55.00 | USD | 776 | (20,370 | ) |
| Home Depot, Inc. | 193 | 10/27/17 | USD | 160.00 | USD | 3,157 | (93,605 | ) |
| JPMorgan Chase & Co. | 136 | 10/27/17 | USD | 93.50 | USD | 1,299 | (35,292 | ) |
| JPMorgan Chase & Co. | 122 | 10/27/17 | USD | 95.50 | USD | 1,165 | (17,507 | ) |
| Lowes Cos., Inc. | 138 | 10/27/17 | USD | 81.00 | USD | 1,103 | (12,075 | ) |
| Marathon Oil Corp. | 157 | 10/27/17 | USD | 12.00 | USD | 213 | (25,198 | ) |
| Merck & Co., Inc. | 195 | 10/27/17 | USD | 65.50 | USD | 1,249 | (10,237 | ) |
| Microsoft Corp. | 70 | 10/27/17 | USD | 74.00 | USD | 521 | (14,035 | ) |
| Oracle Corp. | 384 | 10/27/17 | USD | 51.00 | USD | 1,857 | (5,184 | ) |
| Oracle Corp. | 161 | 10/27/17 | USD | 50.00 | USD | 778 | (4,347 | ) |
| Pfizer, Inc. | 814 | 10/27/17 | USD | 35.50 | USD | 2,906 | (50,875 | ) |
| U.S. Bancorp | 412 | 10/27/17 | USD | 52.00 | USD | 2,208 | (85,902 | ) |
| UnitedHealth Group, Inc. | 27 | 10/27/17 | USD | 197.50 | USD | 529 | (9,112 | ) |
| Urban Outfitters, Inc. | 278 | 10/27/17 | USD | 23.50 | USD | 664 | (36,140 | ) |
| Valero Energy Corp. | 74 | 10/27/17 | USD | 70.50 | USD | 569 | (50,690 | ) |
BLACKROCK ENHANCED CAPITAL AND INCOME FUND SEPTEMBER 30, 2017 5
Schedule of Investments (continued) BlackRock Enhanced Capital and Income Fund (CII)
| Exchange-Traded Options Written (continued) — Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||
|---|---|---|---|---|---|---|---|---|
| Wal-Mart Stores, Inc. | 63 | 10/27/17 | USD | 81.50 | USD | 492 | $ (2,614 | ) |
| FirstEnergy Corp. | 184 | 10/31/17 | USD | 32.01 | USD | 567 | (4,229 | ) |
| TOTAL SA - ADR | 83 | 10/31/17 | USD | 53.50 | USD | 444 | (8,641 | ) |
| AT&T, Inc. | 112 | 11/03/17 | USD | 39.00 | USD | 439 | (8,456 | ) |
| Activision Blizzard, Inc. | 327 | 11/03/17 | USD | 64.50 | USD | 2,109 | (83,058 | ) |
| Alphabet, Inc., Class A | 18 | 11/03/17 | USD | 970.00 | USD | 1,753 | (55,440 | ) |
| Anthem, Inc. | 4 | 11/03/17 | USD | 190.00 | USD | 76 | (1,980 | ) |
| Apple, Inc. | 353 | 11/03/17 | USD | 160.00 | USD | 5,440 | (76,072 | ) |
| Bank of America Corp. | 496 | 11/03/17 | USD | 25.50 | USD | 1,257 | (31,248 | ) |
| Baxter International, Inc. | 11 | 11/03/17 | USD | 64.00 | USD | 69 | (874 | ) |
| Carnival Corp. | 424 | 11/03/17 | USD | 66.50 | USD | 2,738 | (34,980 | ) |
| Cisco Systems, Inc. | 52 | 11/03/17 | USD | 33.00 | USD | 175 | (4,264 | ) |
| Cisco Systems, Inc. | 206 | 11/03/17 | USD | 33.50 | USD | 693 | (10,815 | ) |
| Comcast Corp., Class A | 804 | 11/03/17 | USD | 38.50 | USD | 3,094 | (77,988 | ) |
| DowDuPont, Inc. | 386 | 11/03/17 | USD | 71.00 | USD | 2,672 | (26,055 | ) |
| Goldman Sachs Group, Inc. | 28 | 11/03/17 | USD | 232.50 | USD | 664 | (24,710 | ) |
| Humana, Inc. | 89 | 11/03/17 | USD | 245.00 | USD | 2,168 | (45,835 | ) |
| JPMorgan Chase & Co. | 157 | 11/03/17 | USD | 96.00 | USD | 1,500 | (22,294 | ) |
| Marathon Oil Corp. | 165 | 11/03/17 | USD | 13.50 | USD | 224 | (10,395 | ) |
| Microsoft Corp. | 200 | 11/03/17 | USD | 75.00 | USD | 1,490 | (32,200 | ) |
| Norfolk Southern Corp. | 152 | 11/03/17 | USD | 134.00 | USD | 2,010 | (47,500 | ) |
| Oracle Corp. | 460 | 11/03/17 | USD | 50.00 | USD | 2,224 | (15,410 | ) |
| Pfizer, Inc. | 3 | 11/03/17 | USD | 36.00 | USD | 11 | (147 | ) |
| Suncor Energy, Inc. | 123 | 11/03/17 | USD | 35.00 | USD | 431 | (11,070 | ) |
| U.S. Bancorp | 105 | 11/03/17 | USD | 54.00 | USD | 563 | (9,765 | ) |
| SunTrust Banks, Inc. | 425 | 11/06/17 | USD | 57.30 | USD | 2,540 | (150,593 | ) |
| Bank of America Corp. | 503 | 11/09/17 | USD | 24.70 | USD | 1,275 | (61,243 | ) |
| Citigroup, Inc. | 131 | 11/09/17 | USD | 69.35 | USD | 953 | (50,919 | ) |
| Dell Technologies, Inc., Class V | 134 | 11/09/17 | USD | 75.46 | USD | 1,035 | (41,895 | ) |
| U.S. Bancorp | 140 | 11/09/17 | USD | 52.25 | USD | 750 | (28,391 | ) |
| Activision Blizzard, Inc. | 213 | 11/10/17 | USD | 64.50 | USD | 1,374 | (63,474 | ) |
| Alphabet, Inc., Class A | 28 | 11/10/17 | USD | 985.00 | USD | 2,726 | (70,280 | ) |
| Apple, Inc. | 167 | 11/10/17 | USD | 157.50 | USD | 2,574 | (58,450 | ) |
| Apple, Inc. | 166 | 11/10/17 | USD | 160.00 | USD | 2,558 | (42,579 | ) |
| Baxter International, Inc. | 27 | 11/10/17 | USD | 62.50 | USD | 169 | (4,428 | ) |
| Chevron Corp. | 162 | 11/10/17 | USD | 118.00 | USD | 1,904 | (31,185 | ) |
| Comcast Corp., Class A | 477 | 11/10/17 | USD | 38.50 | USD | 1,835 | (51,516 | ) |
| DowDuPont, Inc. | 155 | 11/10/17 | USD | 69.00 | USD | 1,073 | (26,505 | ) |
| Humana, Inc. | 50 | 11/10/17 | USD | 245.00 | USD | 1,218 | (32,500 | ) |
| JPMorgan Chase & Co. | 244 | 11/10/17 | USD | 95.50 | USD | 2,330 | (44,774 | ) |
| Microsoft Corp. | 225 | 11/10/17 | USD | 74.50 | USD | 1,676 | (45,675 | ) |
| Oracle Corp. | 72 | 11/10/17 | USD | 50.00 | USD | 348 | (2,952 | ) |
| Pfizer, Inc. | 411 | 11/10/17 | USD | 35.50 | USD | 1,467 | (32,880 | ) |
| UnitedHealth Group, Inc. | 62 | 11/10/17 | USD | 197.50 | USD | 1,214 | (25,606 | ) |
| FirstEnergy Corp. | 500 | 11/13/17 | USD | 32.55 | USD | 1,542 | (7,312 | ) |
| Pfizer, Inc. | 705 | 11/13/17 | USD | 35.40 | USD | 2,517 | (51,466 | ) |
| Activision Blizzard, Inc. | 140 | 11/17/17 | USD | 67.50 | USD | 903 | (27,650 | ) |
| Altria Group, Inc. | 225 | 11/17/17 | USD | 64.01 | USD | 1,427 | (31,808 | ) |
| Anthem, Inc. | 32 | 11/17/17 | USD | 195.00 | USD | 608 | (11,040 | ) |
| Apple, Inc. | 115 | 11/17/17 | USD | 170.00 | USD | 1,772 | (9,487 | ) |
| BP PLC - ADR | 412 | 11/17/17 | USD | 37.00 | USD | 1,583 | (72,512 | ) |
| Bank of America Corp. | 485 | 11/17/17 | USD | 25.00 | USD | 1,229 | (51,168 | ) |
6 BLACKROCK ENHANCED CAPITAL AND INCOME FUND SEPTEMBER 30, 2017
Schedule of Investments (continued) BlackRock Enhanced Capital and Income Fund (CII)
| Exchange-Traded Options Written (continued) — Description | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||
|---|---|---|---|---|---|---|---|---|
| Bank of America Corp. | 302 | 11/17/17 | USD | 26.00 | USD | 765 | $ (16,761 | ) |
| Biogen, Inc. | 123 | 11/17/17 | USD | 320.00 | USD | 3,851 | (122,385 | ) |
| CVS Health Corp. | 301 | 11/17/17 | USD | 81.35 | USD | 2,448 | (62,458 | ) |
| Carnival Corp. | 424 | 11/17/17 | USD | 67.50 | USD | 2,738 | (32,860 | ) |
| Chevron Corp. | 130 | 11/17/17 | USD | 112.25 | USD | 1,528 | (69,363 | ) |
| Chevron Corp. | 313 | 11/17/17 | USD | 113.25 | USD | 3,678 | (144,880 | ) |
| Cisco Systems, Inc. | 341 | 11/17/17 | USD | 34.00 | USD | 1,147 | (21,312 | ) |
| Citigroup, Inc. | 162 | 11/17/17 | USD | 70.00 | USD | 1,178 | (59,940 | ) |
| Comcast Corp., Class A | 456 | 11/17/17 | USD | 40.00 | USD | 1,755 | (24,396 | ) |
| D.R. Horton, Inc. | 124 | 11/17/17 | USD | 38.00 | USD | 495 | (34,410 | ) |
| Delta Air Lines, Inc. | 323 | 11/17/17 | USD | 50.00 | USD | 1,558 | (32,462 | ) |
| DowDuPont, Inc. | 151 | 11/17/17 | USD | 65.00 | USD | 1,045 | (71,348 | ) |
| Flex Ltd. | 1,102 | 11/17/17 | USD | 17.00 | USD | 1,826 | (43,529 | ) |
| Gilead Sciences, Inc. | 639 | 11/17/17 | USD | 85.00 | USD | 5,177 | (95,850 | ) |
| Goldman Sachs Group, Inc. | 148 | 11/17/17 | USD | 235.00 | USD | 3,510 | (124,690 | ) |
| Goodyear Tire & Rubber Co. | 452 | 11/17/17 | USD | 34.00 | USD | 1,503 | (40,680 | ) |
| Home Depot, Inc. | 193 | 11/17/17 | USD | 160.00 | USD | 3,157 | (122,555 | ) |
| JPMorgan Chase & Co. | 136 | 11/17/17 | USD | 95.00 | USD | 1,299 | (31,620 | ) |
| Lennar Corp., Class A | 175 | 11/17/17 | USD | 52.50 | USD | 924 | (33,775 | ) |
| Marathon Oil Corp. | 70 | 11/17/17 | USD | 13.00 | USD | 95 | (6,860 | ) |
| Marathon Oil Corp. | 10 | 11/17/17 | USD | 14.00 | USD | 14 | (475 | ) |
| Merck & Co., Inc. | 195 | 11/17/17 | USD | 65.51 | USD | 1,249 | (16,736 | ) |
| Microsoft Corp. | 160 | 11/17/17 | USD | 77.50 | USD | 1,192 | (13,440 | ) |
| Norfolk Southern Corp. | 92 | 11/17/17 | USD | 130.00 | USD | 1,217 | (52,440 | ) |
| Novo Nordisk A/S - ADR | 183 | 11/17/17 | USD | 50.00 | USD | 881 | (19,215 | ) |
| Oracle Corp. | 384 | 11/17/17 | USD | 51.10 | USD | 1,857 | (9,669 | ) |
| Oracle Corp. | 72 | 11/17/17 | USD | 50.00 | USD | 348 | (3,456 | ) |
| Pfizer, Inc. | 425 | 11/17/17 | USD | 34.00 | USD | 1,517 | (81,600 | ) |
| Regions Financial Corp. | 424 | 11/17/17 | USD | 15.00 | USD | 646 | (29,044 | ) |
| Rio Tinto PLC - ADR | 27 | 11/17/17 | USD | 50.00 | USD | 127 | (1,822 | ) |
| Rio Tinto PLC - ADR | 177 | 11/17/17 | USD | 47.50 | USD | 835 | (27,081 | ) |
| SLM Corp. | 594 | 11/17/17 | USD | 11.00 | USD | 681 | (48,708 | ) |
| Suncor Energy, Inc. | 187 | 11/17/17 | USD | 35.00 | USD | 655 | (19,448 | ) |
| TOTAL SA - ADR | 67 | 11/17/17 | USD | 55.00 | USD | 359 | (3,685 | ) |
| U.S. Bancorp | 364 | 11/17/17 | USD | 52.50 | USD | 1,951 | (71,708 | ) |
| U.S. Bancorp | 106 | 11/17/17 | USD | 55.00 | USD | 568 | (7,261 | ) |
| Urban Outfitters, Inc. | 200 | 11/17/17 | USD | 22.00 | USD | 478 | (53,000 | ) |
| Valero Energy Corp. | 14 | 11/17/17 | USD | 75.00 | USD | 108 | (5,075 | ) |
| Dell Technologies, Inc., Class V | 340 | 11/28/17 | USD | 76.60 | USD | 2,625 | (99,361 | ) |
| TOTAL SA - ADR | 165 | 12/08/17 | USD | 53.45 | USD | 883 | (24,750 | ) |
| Bank of America Corp. | 665 | 12/15/17 | USD | 26.00 | USD | 1,685 | (51,205 | ) |
| Bank of America Corp. | 504 | 12/15/17 | USD | 25.00 | USD | 1,277 | (64,260 | ) |
| Delta Air Lines, Inc. | 500 | 12/15/17 | USD | 50.00 | USD | 2,411 | (69,500 | ) |
| Norfolk Southern Corp. | 152 | 12/15/17 | USD | 135.00 | USD | 2,010 | (62,320 | ) |
| Pfizer, Inc. | 158 | 12/15/17 | USD | 36.00 | USD | 564 | (11,060 | ) |
| Suncor Energy, Inc. | 163 | 12/15/17 | USD | 35.00 | USD | 571 | (20,456 | ) |
| Urban Outfitters, Inc. | 281 | 12/15/17 | USD | 24.00 | USD | 672 | (58,308 | ) |
| Total | $ (9,291,634 | ) |
BLACKROCK ENHANCED CAPITAL AND INCOME FUND SEPTEMBER 30, 2017 7
Schedule of Investments (continued) BlackRock Enhanced Capital and Income Fund (CII)
| OTC Options Written — Description | Counterparty | Number of Contracts | Expiration Date | Exercise Price | Notional Amount (000) | Value | |||
|---|---|---|---|---|---|---|---|---|---|
| Call | |||||||||
| D.R. Horton, Inc. | Bank of America N.A. | 48,100 | 10/02/17 | USD | 36.50 | USD | 1,921 | $ (165,149 | ) |
| SLM Corp. | Bank of America N.A. | 72,300 | 10/03/17 | USD | 10.52 | USD | 829 | (69,076 | ) |
| Energizer Holdings, Inc. | Barclays Bank PLC | 13,100 | 10/04/17 | USD | 42.32 | USD | 603 | (49,127 | ) |
| Activision Blizzard, Inc. | UBS AG | 13,500 | 10/05/17 | USD | 63.61 | USD | 871 | (16,478 | ) |
| Regions Financial Corp. | Citibank N.A. | 40,000 | 10/11/17 | USD | 14.57 | USD | 609 | (29,550 | ) |
| Robert Half International, Inc. | Deutsche Bank AG | 30,000 | 10/12/17 | USD | 44.82 | USD | 1,510 | (166,323 | ) |
| Amdocs Ltd. | Bank of America N.A. | 25,000 | 10/16/17 | USD | 65.15 | USD | 1,608 | (11,452 | ) |
| Packaging Corp. of America | Bank of America N.A. | 27,200 | 10/16/17 | USD | 117.00 | USD | 3,119 | (24,185 | ) |
| Public Service Enterprise Group, Inc. | Barclays Bank PLC | 34,000 | 10/16/17 | USD | 46.20 | USD | 1,573 | (24,155 | ) |
| D.R. Horton, Inc. | Bank of America N.A. | 48,100 | 10/17/17 | USD | 36.50 | USD | 1,921 | (169,176 | ) |
| Fortive Corp. | Barclays Bank PLC | 8,000 | 10/24/17 | USD | 70.39 | USD | 566 | (10,560 | ) |
| Regions Financial Corp. | UBS AG | 45,500 | 10/27/17 | USD | 14.55 | USD | 693 | (39,645 | ) |
| Statoil ASA - ADR | Citibank N.A. | 34,000 | 10/30/17 | USD | 18.75 | USD | 683 | (48,142 | ) |
| Rio Tinto PLC - ADR | Morgan Stanley & Co. International PLC | 17,800 | 10/31/17 | USD | 48.42 | USD | 840 | (13,580 | ) |
| SLM Corp. | UBS AG | 59,500 | 10/31/17 | USD | 10.89 | USD | 682 | (48,560 | ) |
| Public Service Enterprise Group, Inc. | Barclays Bank PLC | 14,400 | 11/01/17 | USD | 46.71 | USD | 666 | (11,378 | ) |
| Robert Half International, Inc. | Deutsche Bank AG | 30,000 | 11/01/17 | USD | 44.82 | USD | 1,510 | (168,920 | ) |
| SLM Corp. | Morgan Stanley & Co. International PLC | 68,500 | 11/06/17 | USD | 10.43 | USD | 786 | (84,511 | ) |
| SunTrust Banks, Inc. | Credit Suisse International | 41,300 | 11/06/17 | USD | 54.80 | USD | 2,469 | (224,390 | ) |
| Rio Tinto PLC - ADR | Barclays Bank PLC | 10,200 | 11/10/17 | USD | 49.10 | USD | 481 | (7,898 | ) |
| Amdocs Ltd. | UBS AG | 27,000 | 11/20/17 | USD | 63.41 | USD | 1,737 | (60,392 | ) |
| Avery Dennison Corp. | Citibank N.A. | 12,300 | 11/20/17 | USD | 98.80 | USD | 1,210 | (38,186 | ) |
| CDW Corp. | Bank of America N.A. | 38,500 | 11/20/17 | USD | 65.10 | USD | 2,541 | (98,363 | ) |
| EMCOR Group, Inc. | UBS AG | 21,000 | 11/20/17 | USD | 67.81 | USD | 1,457 | (106,197 | ) |
| Statoil ASA - ADR | JPMorgan Chase Bank N.A. | 32,000 | 11/27/17 | USD | 20.12 | USD | 643 | (16,125 | ) |
| Regions Financial Corp. | Morgan Stanley & Co. International PLC | 71,300 | 12/04/17 | USD | 14.35 | USD | 1,086 | (81,847 | ) |
| SLM Corp. | Morgan Stanley & Co. International PLC | 47,200 | 12/06/17 | USD | 11.50 | USD | 541 | (27,881 | ) |
| Flex Ltd. | Morgan Stanley & Co. International PLC | 68,600 | 12/11/17 | USD | 16.60 | USD | 1,137 | (50,158 | ) |
| Total | $ (1,861,404 | ) |
8 BLACKROCK ENHANCED CAPITAL AND INCOME FUND SEPTEMBER 30, 2017
Schedule of Investments (concluded) BlackRock Enhanced Capital and Income Fund (CII)
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
Level 1 Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access
Level 2 Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)
Level 3 Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trusts own assumptions used in determining the fair value of investments and derivative financial instruments)
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the Global Valuation Committee) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.
Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trusts policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trusts policy regarding valuation of investments and derivative financial instruments, refer to the Trusts most recent financial statements as contained in its annual report.
The following tables summarize the Trusts investments and derivative financial instruments categorized in the disclosure hierarchy:
| Level 1 | Level 2 | Total | |||||
|---|---|---|---|---|---|---|---|
| Assets: | |||||||
| Investments: | |||||||
| Long-Term Investments: | |||||||
| Common Stocks 1 | 734,841,211 | | | 734,841,211 | |||
| Short-Term Securities | 3,284,861 | | | 3,284,861 | |||
| Total | $ 738,126,072 | | | $ 738,126,072 | |||
| Derivative Financial Instruments 2 | |||||||
| Liabilities: | |||||||
| Equity contracts | $ (7,793,241 | ) | $ (3,359,797 | ) | | $ (11,153,038 | ) |
| 1 See above Schedule | |||||||
| of Investments for values in each industry. | |||||||
| 2 Derivative | |||||||
| financial instruments are options written, which are shown at value. |
During the period ended September 30, 2017, there were no transfers between levels.
BLACKROCK ENHANCED CAPITAL AND INCOME FUND SEPTEMBER 30, 2017 9
Item 2 Controls and Procedures
2(a) The registrants principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the 1940 Act)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.
2(b) There were no changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting.
Item 3 Exhibits
Certifications Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BlackRock Enhanced Capital and Income Fund, Inc.
| By: |
|---|
| John M. Perlowski |
| Chief Executive Officer (principal executive officer) of |
| BlackRock Enhanced Capital and Income Fund, Inc. |
Date: November 20, 2017
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: |
|---|
| John M. Perlowski |
| Chief Executive Officer (principal executive officer) of |
| BlackRock Enhanced Capital and Income Fund, Inc. |
Date: November 20, 2017
| By: |
|---|
| Neal J. Andrews |
| Chief Financial Officer (principal financial officer) of |
| BlackRock Enhanced Capital and Income Fund, Inc. |
Date: November 20, 2017
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.