BlackRock Enhanced Capital and Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund�s investment objective is to provide investors with a combination of current income and capital appreciation. The Fund seeks to achieve its investment objective by investing in a portfolio of equity and debt securities of United States and foreign issuers. The Fund may invest directly in such securities or synthetically through the use of derivatives. The Fund�s investment advisor is BlackRock Advisors, LLC. The Fund�s sub-advisors are BlackRock International Ltd.