BlackRock Enhanced Government 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: 811-21793

Name of Fund:  BlackRock Enhanced Government Fund, Inc. (EGF)

Fund Address:    100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Enhanced

Government Fund, Inc., 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 12/31/2016

Date of reporting period: 09/30/2016

Item 1 – Schedule of Investments

Schedule of Investments September 30, 2016 (Unaudited)

   

BlackRock Enhanced Government Fund, Inc. (EGF)

(Percentages shown are based on Net Assets)

 

Asset-Backed Securities   

Par  

(000)

     Value  

Securitized Asset Backed Receivables LLC Trust (a):

     

Series 2005-OP1, Class M2, 1.20%, 1/25/35

    $ 970      $ 892,458   

Series 2005-OP2, Class M1, 0.96%, 10/25/35

      1,025        936,149   
Total Asset-Backed Securities —   1.8%              1,828,607   
    
                  

Non-Agency Mortgage-Backed Securities

                 

Collateralized Mortgage Obligations — 0.9%

     

Bank of America Mortgage Securities, Inc., Series 2003-J, Class 2A1, 3.04%, 11/25/33 (a)

      111        110,707   

Bear Stearns ALT-A Trust, Series 2004-13, Class A1, 1.27%, 11/25/34 (a)

      138        135,075   

Homebanc Mortgage Trust, Series 2005-4, Class A1, 0.80%, 10/25/35 (a)

      801        737,095   
    

 

 

  
               982,877   

Interest Only Collateralized Mortgage Obligations — 0.1%

  

CitiMortgage Alternative Loan Trust, Series 2007-A5, Class 1A7, 6.00%, 5/25/37

      226        60,514   

Total Non-Agency Mortgage-Backed Securities — 1.0%

  

     1,043,391   
    
                  

Preferred Securities

                 

Capital Trusts

                 

Diversified Financial Services — 0.5%

     

ZFS Finance (USA) Trust V, 6.50%, 5/09/37 (a)(b)

      504        508,763   

Electric Utilities — 1.7%

     

PPL Capital Funding, Inc., Series A, 6.70%, 3/30/67 (a)

      2,000        1,765,000   

Total Preferred Securities — 2.2%

              2,273,763   
    
                  

U.S. Government Sponsored Agency Securities

                 

Agency Obligations — 3.8%

     

Federal Farm Credit Bank, 4.55%, 6/08/20

      3,500        3,926,405   
U.S. Government Sponsored Agency Securities   

Par  

(000)

     Value  

Collateralized Mortgage Obligations — 6.6%

     

Fannie Mae Mortgage-Backed Securities, Series 2014-28, Class BD, 3.50%, 8/25/43

    $ 1,439      $ 1,533,189   

Freddie Mac Mortgage-Backed Securities, Series 4480, Class ZX, 4.00%, 11/15/44

      657        741,260   

Ginnie Mae Mortgage-Backed Securities, Series 2006-3, Class C, 5.24%, 4/16/39 (a)

      4,518        4,573,972   
    

 

 

  
               6,848,421   

Interest Only Collateralized Mortgage Obligations — 1.6%

     

Fannie Mae Mortgage-Backed Securities:

     

Series 2012-M9, Class X1, 4.20%, 12/25/17 (a)

      3,415        97,916   

Series 2012-47, Class NI, 4.50%, 4/25/42

      1,470        270,948   

Series 2012-96, Class DI, 4.00%, 2/25/27

      1,509        112,137   

Ginnie Mae Mortgage-Backed Securities (a):

     

Series 2006-30, Class IO, 2.16%, 5/16/46

      399        27,607   

Series 2009-78, Class SD, 5.67%, 9/20/32

      1,523        288,121   

Series 2009-116, Class KS, 5.94%, 12/16/39

      481        74,366   

Series 2011-52, Class NS, 6.14%, 4/16/41

      4,144        841,116   
    

 

 

  
               1,712,211   

Mortgage-Backed Securities — 54.1%

     

Fannie Mae Mortgage-Backed Securities:

     

2.50%, 4/01/28

      5,936        6,157,550   

3.00%, 6/01/42 — 4/01/43

      6,777        7,080,968   

3.50%, 8/01/26 — 8/01/44

      12,607        13,395,866   

4.00%, 4/01/24 — 2/01/41

      10,896        11,702,134   

4.50%, 4/01/39 — 8/01/40

      7,510        8,291,007   

5.00%, 11/01/33 — 2/01/40

      4,140        4,662,152   

5.50%, 10/01/23 — 10/01/46 (d)

      3,621        4,108,622   

6.00%, 2/01/36 — 3/01/38

      637        731,264   

Freddie Mac Mortgage-Backed Securities, 4.50%, 5/01/34

      159        173,468   
 

 

                
   BLACKROCK ENHANCED GOVERNMENT FUND, INC.    SEPTEMBER 30, 2016    1

 

Schedule of Investments (continued)

   

BlackRock Enhanced Government Fund, Inc. (EGF)

 

U.S. Government Sponsored Agency Securities   

Par  

(000)

     Value  

Mortgage-Backed Securities (continued)

     

Ginnie Mae Mortgage-Backed Securities, 5.00%, 11/15/35

    $ 5      $ 5,717   
    

 

 

  
               56,308,748   
Total U.S. Government Sponsored Agency Securities — 66.1%        68,795,785   
    
                  
U.S. Treasury Obligations                 

U.S. Treasury Bonds, 4.38%, 5/15/41 (e)

      6,000        8,427,654   

U.S. Treasury Notes:

     

0.75%, 4/30/18

      6,000        6,000,702   

1.38%, 4/30/20 (e)

      17,000        17,221,136   

1.50%, 5/31/20

      1,300        1,322,292   

3.13%, 5/15/21

      6,500        7,072,306   

2.00%, 11/30/22

      4,500        4,675,779   

2.00%, 2/15/25 (e)

      6,000        6,213,282   

2.25%, 11/15/25

      2,800        2,955,750   

1.63%, 2/15/26

      2,800        2,804,813   
Total U.S. Treasury Obligations — 54.5%              56,693,714   
Total Long-Term Investments
(Cost — $124,761,734) — 125.6%		              130,635,260   
    
                  
Short-Term Securities — 4.6%    Shares         

BlackRock T-Fund, Institutional Class, 0.20% (f)(g)

      4,768,738        4,768,738   
Total Short-Term Securities
(Cost — $4,768,738) — 4.6%		              4,768,738   
            

Value

  
Options Purchased
(Cost — $176,199) — 0.2%		            $ 166,238   
Total Investments Before TBA Sale Commitments and Options Written
(Cost — $129,706,671) — 130.4%		              135,570,236   
    
                  
TBA Sale Commitments    Par  
(000)		         

Fannie Mae Mortgage-Backed Securities, 5.50%, 10/01/46 (d)

    $ 3,460        (3,898,988 ) 
Total TBA Sale Commitments
(Proceeds — $3,894,016) — (3.8)%		              (3,898,988 ) 
Options Written
(Premiums Received — $472,841) — (0.4)%		              (425,239 ) 

Total Investments, Net of TBA Sale Commitments and Options Written

(Cost — $125,339,814*) — 126.2%

        131,246,009   

Liabilities in Excess of Other Assets — (26.2)%

        (27,240,621 ) 
    

 

 

  

Net Assets — 100.0%

      $ 104,005,388   
    

 

 

  

 

*  As of September 30, 2016, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

      

Tax cost

      $ 129,706,671   
    

 

 

  

Gross unrealized appreciation

      $ 6,602,197   

Gross unrealized depreciation

        (738,632 ) 
    

 

 

  

Net unrealized appreciation

      $ 5,863,565   
    

 

 

  
 
Notes to Schedule of Investments

 

(a)   Variable rate security. Rate as of period end.

 

(b)   Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

 

(c)   When-issued security.

 

(d)   Represents or includes a TBA transaction. As of period end, unsettled TBA transactions were as follows:

 

Counterparty   Value     Unrealized
Depreciation		  

Credit Suisse Securities (USA) LLC

   $ (2,907,338 )    $ (4,059 ) 

Goldman Sachs & Co

   $ (878,963 )    $ (975 ) 

 

(e)   All or a portion of security has been pledged as collateral in connection with outstanding reverse repurchase agreements.

 

(f)   Current yield as of period end.

 

                
2    BLACKROCK ENHANCED GOVERNMENT FUND, INC.    SEPTEMBER 30, 2016   

Schedule of Investments (continued)

   

BlackRock Enhanced Government Fund, Inc. (EGF)

 

 

(g)   During the period ended September 30, 2016, investments in issuers considered to be affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate  

Shares Held

at December 31,
2015

    

Net

Activity

    

Shares Held

at September 30,

2016

    

Value at
September 30,

2016

     Income  

BlackRock Liquidity Funds, TempFund, Institutional Class

     2,705,612        (2,705,612 )      —          —        $ 10,508   

BlackRock T-Fund, Institutional Class

     —          4,768,738        4,768,738      $ 4,768,738        1,533   

Total

         $ 4,768,738      $ 12,041   
       

 

 

    

 

 

  

Reverse Repurchase Agreements

 

Counterparty   Interest
Rate		     Trade
Date		     Maturity
Date1		     Face Value     Face Value
Including
Accrued
Interest		     Type of Underlying Collateral   Remaining
Contractual Maturity
of the Agreements1		  

Deutsche Bank Securities, Inc.

     0.52 %      06/19/15        Open      $ 3,925,000      $ 3,942,199      U.S. Treasury Obligations     Open/Demand   

Deutsche Bank Securities, Inc.

     0.26 %      08/25/15        Open        1,985,000        1,990,777      U.S. Treasury Obligations     Open/Demand   

Credit Suisse Securities (USA) LLC

     0.47 %      03/15/16        Open        8,047,500        8,068,408      U.S. Treasury Obligations     Open/Demand   

Credit Suisse Securities (USA) LLC

     0.47 %      03/15/16        Open        6,022,500        6,038,147      U.S. Treasury Obligations     Open/Demand   

Credit Suisse Securities (USA) LLC

     0.47 %      03/15/16        Open        11,041,250        11,069,936      U.S. Treasury Obligations     Open/Demand   

Total

         $ 31,021,250      $ 31,109,467       
       

 

 

      

1    Certain agreements have no stated maturity and can be terminated by either party at any time.

  

 

Derivative Financial Instruments Outstanding as of Period End

Forward Foreign Currency Exchange Contracts

 

Currency
Purchased		     Currency
Sold		     Counterparty   Settlement
Date		     Unrealized
Appreciation
(Depreciation)		  
EUR     400,000      JPY     44,885,880      UBS AG     10/07/16      $ 6,709   
JPY     45,666,000      EUR     400,000      Morgan Stanley & Co. International PLC     10/07/16        985   
NOK     4,381,496      USD     520,000      Citibank N.A.     10/07/16        28,061   
USD     520,000      NOK     4,383,058      Goldman Sachs International     10/07/16        (28,257 ) 
AUD     345,000      CAD     338,379      BNP Paribas S.A.     10/24/16        5,975   
CAD     335,396      AUD     340,000      BNP Paribas S.A.     10/24/16        (4,423 ) 
CAD     342,433      USD     260,000      Citibank N.A.     10/25/16        1,055   
CHF     96,305      USD     100,000      Goldman Sachs International     10/25/16        (748 ) 
CHF     106,612      USD     110,000      JPMorgan Chase Bank N.A.     10/25/16        (125 ) 
SEK     2,183,119      USD     260,000      Citibank N.A.     10/25/16        (5,252 ) 
SEK     2,205,967      USD     260,000      Goldman Sachs International     10/25/16        (2,585 ) 
USD     260,000      CAD     341,749      Barclays Bank PLC     10/25/16        (534 ) 
USD     210,000      CHF     203,729      Goldman Sachs International     10/25/16        36   

 

                
   BLACKROCK ENHANCED GOVERNMENT FUND, INC.    SEPTEMBER 30, 2016    3

Schedule of Investments (continued)

   

BlackRock Enhanced Government Fund, Inc. (EGF)

 

Forward Foreign Currency Exchange Contracts (concluded)

 

  
Currency
Purchased		     Currency
Sold		     Counterparty   Settlement
Date		     Unrealized
Appreciation
(Depreciation)		  
USD     260,000        SEK        2,179,355      Barclays Bank PLC     10/25/16      $ 5,691   
USD     260,000        SEK        2,172,453      Goldman Sachs International     10/25/16        6,496   
NOK     2,150,000        SEK        2,210,544      Citibank N.A.     11/14/16        10,771   
NOK     3,000,000        SEK        3,149,910      Goldman Sachs International     11/14/16        7,387   
USD     260,000        CAD        340,900      BNP Paribas S.A.     11/14/16        77   
AUD     275,000        NZD        283,473      HSBC Bank USA PLC     11/21/16        4,235   
EUR     10,000        SEK        95,838      HSBC Bank USA PLC     11/21/16        60   
SEK     3,112,011        EUR        325,000      BNP Paribas S.A.     11/21/16        (2,267 ) 
SEK     2,678,116        EUR        280,000      JPMorgan Chase Bank N.A.     11/21/16        (2,304 ) 
CAD     344,179        AUD        350,000      JPMorgan Chase Bank N.A.     12/15/16        (4,962 ) 
MXN     1,882,781        USD        100,000      Citibank N.A.     2/03/17        (4,200 ) 
USD     170,000        MXN        3,124,165      HSBC Bank USA PLC     2/03/17        11,035   
USD     600,000        MXN        11,551,308      JPMorgan Chase Bank N.A.     2/03/17        12,243   
Total             $ 45,159   
           

 

 

  

OTC Options Purchased

 

Description   Put/
Call		     Counterparty     Expiration
Date		     Strike
Price		     Notional
Amount
(000)		     Value  

AUD Currency

     Call        HSBC Bank PLC        11/17/16        NZD        1.05        AUD        2,080      $ 23,682   

AUD Currency

     Call        HSBC Bank PLC        11/17/16        NZD        1.06        AUD        2,065        15,631   

AUD Currency

     Call        Barclays Bank PLC        11/25/16        CAD        1.04        AUD        2,040        4,006   

EUR Currency

     Call        JPMorgan Chase Bank N.A.        11/25/16        ZAR        16.00        EUR        930        21,268   

AUD Currency

     Call        Deutsche Bank AG        12/13/16        CAD        1.01        AUD        1,385        12,248   

EUR Currency

     Call        Deutsche Bank AG        12/22/16        ZAR        16.20        EUR        930        25,644   

USD Currency

     Put        HSBC Bank PLC        10/21/16        CHF        0.94        USD        1,560        697   

USD Currency

     Put        UBS AG        10/21/16        SEK        8.25        USD        1,560        513   

NOK Currency

     Put        Citibank N.A.        11/10/16        SEK        1.01        NOK        12,890        216   

EUR Currency

     Put        JPMorgan Chase Bank N.A.        11/17/16        SEK        9.45        EUR        1,395        3,412   

GBP Currency

     Put        HSBC Bank PLC        12/22/16        USD        1.28        GBP        1,195        17,390   

CAD Currency

     Put        BNP Paribas S.A.        12/23/16        JPY        75.10        CAD        2,055        27,596   

GBP Currency

     Put        Royal Bank of Scotland PLC        12/29/16        USD        1.26        GBP        800        7,796   

USD Currency

     Put        JPMorgan Chase Bank N.A.        2/01/17        MXN        17.06        USD        2,400        6,139   

Total

                 $ 166,238   
               

 

 

  

 

                
4    BLACKROCK ENHANCED GOVERNMENT FUND, INC.    SEPTEMBER 30, 2016   

Schedule of Investments (continued)

   

BlackRock Enhanced Government Fund, Inc. (EGF)

 

OTC Interest Rate Swaptions Written

 

Description   Counterparty     Put/
Call		     Exercise
Rate		    

Pay/

Receive
Exercise Rate

    

Floating Rate

Index

    

Expiration

Date

    

Notional

Amount

(000)

     Value  

2-Year Interest Rate Swap

     Barclays Bank PLC        Call        1.01 %      Pay        3-Month LIBOR        10/28/16        USD        35,000      $ (25,237 ) 

5-Year Interest Rate Swap

     Barclays Bank PLC        Call        1.17 %      Pay        3-Month LIBOR        10/28/16        USD        30,000        (73,263 ) 

10-Year Interest Rate Swap

     Barclays Bank PLC        Call        1.44 %      Pay        3-Month LIBOR        10/28/16        USD        15,000        (70,528 ) 

30-Year Interest Rate Swap

     Barclays Bank PLC        Call        1.75 %      Pay        3-Month LIBOR        10/28/16        USD        5,000        (57,750 ) 

Total

                   $ (226,778 ) 
                 

 

 

  

OTC Options Written

 

Description   Put/
Call		     Counterparty     Expiration
Date		     Strike
Price		     Notional
Amount
(000)		     Value  

NOK Currency

     Call        Citibank N.A.        11/10/16        SEK        1.05        NOK        12,890      $ (35,205 ) 

AUD Currency

     Call        HSBC Bank PLC        11/17/16        NZD        1.06        AUD        4,160        (25,191 ) 

AUD Currency

     Call        HSBC Bank PLC        11/17/16        NZD        1.05        AUD        2,065        (23,511 ) 

EUR Currency

     Call        JPMorgan Chase Bank N.A.        11/25/16        ZAR        16.50        EUR        930        (12,753 ) 

EUR Currency

     Call        Deutsche Bank AG        12/22/16        ZAR        16.60        EUR        930        (18,538 ) 

GBP Currency

     Call        Royal Bank of Scotland PLC        12/29/16        USD        1.35        GBP        800        (7,250 ) 

USD Currency

     Call        JPMorgan Chase Bank N.A.        2/01/17        MXN        21.22        USD        2,400        (39,974 ) 

USD Currency

     Put        UBS AG        10/21/16        CHF        0.94        USD        1,560        (803 ) 

EUR Currency

     Put        JPMorgan Chase Bank N.A.        11/17/16        SEK        9.40        EUR        2,790        (4,194 ) 

GBP Currency

     Put        HSBC Bank PLC        12/22/16        USD        1.26        GBP        1,195        (11,386 ) 

CAD Currency

     Put        BNP Paribas S.A.        12/23/16        JPY        73.60        CAD        2,055        (19,656 ) 

Total

                 $ (198,461 ) 
               

 

 

  

 

Portfolio Abbreviations

 

AUD    Australian Dollar
CAD    Canadian Dollar
CHF    Swiss Franc
EUR    Euro
GBP    British Pound
IO    Interest Only
JPY    Japanese Yen
LIBOR    London Interbank Offered Rate
MXN    Mexican Peso
NOK    Norwegian Krone
NZD    New Zealand Dollar
OTC    Over-the-Counter
SEK    Swedish Krona
USD    U.S. Dollar
ZAR    South African Rand

 

                
   BLACKROCK ENHANCED GOVERNMENT FUND, INC.    SEPTEMBER 30, 2016    5

Schedule of Investments (continued)

   

BlackRock Enhanced Government Fund, Inc. (EGF)

 

 

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 methodologies 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 Fund 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 Fund’s 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 Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 Investments include equity or debt issued by privately-held companies. 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 methodologies may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Fund’s 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 Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

     Level 1        Level 2        Level 3        Total  

Assets:

                 
Investments:                 
Long-Term Investments:                 

Asset-Backed Securities

     —         $ 1,828,607           —         $ 1,828,607   

Non-Agency Mortgage-Backed Securities

     —           1,043,391           —           1,043,391   

Preferred Securities

     —           2,273,763           —           2,273,763   

U.S. Government Sponsored Agency Securities

     —           68,795,785           —           68,795,785   

U.S. Treasury Obligations

     —           56,693,714           —           56,693,714   
Short-Term Securities   $ 4,768,738           —           —           4,768,738   
Options Purchased:                 

Foreign currency exchange contracts

          166,238           —           166,238   

Liabilities:

                 
Investments:                 

TBA Sale Commitments

     —           (3,898,988 )         —           (3,898,988 ) 
 

 

 

       

 

 

       

 

 

       

 

 

  

Total

   $ 4,768,738         $ 126,902,510           —         $ 131,671,248   
 

 

 

       

 

 

       

 

 

       

 

 

  

 

                
6    BLACKROCK ENHANCED GOVERNMENT FUND, INC.    SEPTEMBER 30, 2016   

Schedule of Investments (concluded)

   

BlackRock Enhanced Government Fund, Inc. (EGF)

 

     Level 1        Level 2        Level 3        Total  
Derivative Financial Instruments1                                         

Assets:

                 

Foreign currency exchange contrats

     —         $ 100,816           —         $ 100,816   

Liabilities:

                 

Foreign currency exchange contrats

     —           (254,118 )         —           (254,118 ) 

Interest rate contracts

     —           (226,778 )         —           (226,778 ) 
 

 

 

       

 

 

       

 

 

       

 

 

  

Total

     —         $ (380,080 )         —         $ (380,080 ) 
 

 

 

       

 

 

       

 

 

       

 

 

  

 

1    Derivative financial instruments are forward foreign currency exchange contracts and options written. Forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument and options written are shown at value.

 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount, or face value, including accrued interest, for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

 

     Level 1        Level 2        Level 3        Total  

Assets:

                 

Cash

   $ 314           —           —         $ 314   

Foreign currency at value

     170,507           —           —           170,507   

Liabilities:

                 

Cash received as collateral for reverse repurchase agreements

     —         $ (835,000 )         —           (835,000 ) 

Reverse repurchase agreements

     —           (31,109,467 )         —           (31,109,467 ) 
 

 

 

       

 

 

       

 

 

       

 

 

  

Total

   $ 170,821         $ (31,944,467 )         —         $ (31,773,646 ) 
 

 

 

       

 

 

       

 

 

       

 

 

  

During the period ended September 30, 2016, there were no transfers between levels.

 

                
   BLACKROCK ENHANCED GOVERNMENT FUND, INC.    SEPTEMBER 30, 2016    7

Item 2 – Controls and Procedures

 

2(a) –    The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s 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 registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s 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 Government Fund, Inc.
By:       /s/ John M. Perlowski                                
  John M. Perlowski
 

Chief Executive Officer (principal executive officer) of

BlackRock Enhanced Government Fund, Inc.

Date: November 22, 2016

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:       /s/ John M. Perlowski                                
  John M. Perlowski
 

Chief Executive Officer (principal executive officer) of

BlackRock Enhanced Government Fund, Inc.

Date: November 22, 2016

 

By:       /s/ Neal J. Andrews                                    
  Neal J. Andrews
 

Chief Financial Officer (principal financial officer) of

BlackRock Enhanced Government Fund, Inc.

Date: November 22, 2016