BlackRock Enhanced Large Cap Core Fund, Inc. (NYSE: CII) (the “Fund) announced a special distribution today of $75 million at a rate of $1.833 per share of the Fund’s common stock (“Shares”) to be paid on January 16, 2026 to shareholders of record as of December 3, 2025 (ex-date December 3, 2025) (“Shareholders”). Shareholders may elect to receive the distribution in cash (a “Cash Election”), subject to the limitations set forth below, by indicating their preference on an election form that will be delivered to Shareholders at a future date. However, the total amount of cash to be distributed to all shareholders shall be limited to 20% of the total distribution amount. Shareholders making Cash Elections who do not receive 100% of the distribution in cash, will receive the balance in Shares.

The following information outlines certain aspects of the special distribution. The following summary is provided for information purposes only and may be subject to change. More details will be provided to Shareholders at a future date.

Summary:

• The total amount of cash to be paid out in the distribution to all Shareholders is limited to a maximum of 20% of the aggregate dollar amount of the distribution (the “Cash Amount”). The remainder of the distribution (approximately 80%) will be paid in Shares.
• If Cash Election requests exceed the Cash Amount, the Cash Amount will be prorated, and the remaining portion of the distribution will be paid to Shareholders in Shares plus cash in lieu of any fractional Shares. In no event will any Shareholders making a Cash Election receive less than 20% of their distribution in cash.
• If a Shareholder does not complete an election form or if a Shareholder’s election form is not received timely by the election and disbursing agent, or is otherwise deemed to be invalid, such Shareholder will receive the distribution in Shares (with the exception of cash in lieu of fractional shares) or a combination of cash and Shares to the extent cash must be distributed to satisfy certain tax requirements.
• Shareholders enrolled in the Fund’s dividend reinvestment program will be allowed to make a Cash Election. Such election will affect only this special distribution; it will not be treated as the Shareholder opting out of the dividend reinvestment program for future distributions.
• All Shares issued in connection with the special distribution will be issued in book-entry form.
• If a Shareholder’s Shares are held in the name of a bank or broker, such Shareholder will be required to inform the bank or broker of any election instructions.
• Once an election to receive cash is made, it is irrevocable.
• Subject to the conditions discussed below, Shares will be issued at the lower of the net asset value ("NAV") per Share or the market price per Share on the valuation date, January 2, 2026 (the “Valuation Date”), which is the first business day after elections are due. However, if the NAV per Share is lower than the market price per Share on the Valuation Date, the Shares will be issued at a price per Share that is no less than 95% of the market price per Share on the Valuation Date.
• Shares issued in the special distribution will be eligible to receive the regular January 2026 distribution.

Note: The special distribution is estimated to be 100% long-term capital gain.

Reminder: In December, Shareholders will also be receiving a cash distribution of $0.506, which includes the $0.141 December monthly distribution, that was pre-declared in October. See: Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”), the Fund noted above posted to the DTC bulletin board and sent to its shareholders of record as of the applicable record date a Section 19 notice with the previous distribution payment. The Section 19 notice was provided for informational purposes only and not for tax reporting purposes. This information can be found in the “Closed-End Funds” section of www.blackrock.com. As applicable, the final determination of the source and tax characteristics of all distributions in 2025 will be made after the end of the year.

The fixed amounts distributed per share or distribution rate, as applicable, are subject to change at the discretion of the Fund’s Board of Directors. Under its managed distribution plan (the “Plan”), the Fund will distribute all available investment income to its shareholders, consistent with its investment objective and as required by the Internal Revenue Code of 1986, as amended (the “Code”). If sufficient income (inclusive of net investment income and short-term capital gains) is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.

The Fund’s estimated sources of the distributions paid as of October 31, 2025 and for its current fiscal year are as follows:

The amounts and sources of the distribution reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Fund’s Plan.

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.

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