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.