Company: BDJ
Filing Date: 2025-09-04
Form Type: N-CSRS
Source: 0001193125-25-196068
Chunk: 35

Company: BlackRock Enhanced Equity Dividend Trust
Filing Date: 2025-09-04
Form: N-CSRS
Chunk 35
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10 Years |
| Trust at NAV(a)(b)                                                       |  14.05% |                       19.87% |  11.45% |    9.06% |
| Trust at Market Price(a)(b)                                              |   13.79 |                        24.22 |   10.82 |    10.94 |
| MSCI World Select Energy, Utilities and Industry Call Overwrite Index(c) |   15.80 |                        24.98 |   11.13 |      N/A |
| MSCI ACWI (Net)(d)                                                       |   10.05 |                        16.17 |   13.65 |     9.99 |

| (a) 
 (b) 
 (c) | All returns reflect reinvestment of dividends and/or distributions at actual reinvestment prices.                                                                                                                                                      
 TheTrust’s premium to NAV narrowed during the period, which accounts for the difference between performance based on market price and performance based on NAV.                                                                                        
 An index that incorporates an option overlay component on the MSCI World Select Energy, Utilities and Industry Index with a 33% overwrite level.The benchmark commenced onDecember 31, 2018 and therefore the benchmark does not have 10-year returns. |
|:----|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d) | An index that captures large- and mid-cap representation across certain developed and emerging markets.                                                                                                                                                |

Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.
Past performance is not an indication of future results. The Trust is presenting the performance of one or more indices for informational purposes only. The Trust is actively managed and does not seek to track or replicate the performance of any index. The index performance shown is not intended to be indicative of the Trust’s investment strategies, portfolio components or past or future performance. More information about the Trust’s historical performance can be found in the “Closed End Funds” section of blackrock.com . The following discussion relates to the Trust’s relative performance based on NAV: What factors influenced performance? Generally, the Trust’s holdings benefited from positive trends in power grid and infrastructure investment in the United States and Europe during the first half of 2025.

30 2025 BlackRock Semi-Annual Report to Shareholders

Trust Summary as of June 30, 2025 (continued) BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI) The Trust’s out-of-benchmark