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N-2 - USD ($)

3 Months Ended

Jun. 02, 2023

Jun. 01, 2023

May 26, 2023

Mar. 31, 2023

Dec. 31, 2022

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Dec. 31, 2021

Sep. 30, 2021

Jun. 30, 2021

Mar. 31, 2021

Cover [Abstract]

Entity Central Index Key

0001332283

false

424B2

Entity Registrant Name

BLACKROCK ENHANCED EQUITY DIVIDEND TRUST

Fee Table [Abstract]

Shareholder Transaction Expenses [Table Text Block]


Shareholder Transaction Expenses
Sales load paid by you (as a percentage of offering price) (1)			1.00	%
Offering expenses borne by the Trust (as a percentage of offering price) (2)			0.01	%
Dividend reinvestment plan fees			$0.02 per share for open-market purchases of common shares (3)

(1)

Represents the estimated commission with respect to the Trust’s common shares being sold in this offering. There is no guarantee that there will be any sales of the Trust’s common shares pursuant to this Prospectus Supplement and the accompanying Prospectus. Actual sales of the Trust’s common shares under this Prospectus Supplement and the accompanying Prospectus, if any, may be less than as set forth under “Capitalization” below. In addition, the price per share of any such sale may be greater than or less than the price set forth under “Capitalization” below, depending on market price of the Trust’s common shares at the time of any such sale.

(2)

Based on a sales price per share of $8.10, which represents the last reported sales price per share of the Trust’s common shares on the NYSE on May 26, 2023. Assumes all of the common shares being offered by this Prospectus Supplement and the accompanying Prospectus are sold. Represents the initial offering costs incurred by the Trust in connection with this offering, which are estimated to be $181,920. Offering costs generally include, but are not limited to, the preparation, review and filing with the SEC of the Trust’s registration statement, the preparation, review and filing of any associated marketing or similar materials, costs associated with the printing, mailing or other distribution of the Prospectus Supplement and the accompanying Prospectus and/or marketing materials, associated filing fees, NYSE listing fees, and legal and auditing fees associated with the offering.

(3)

Computershare Trust Company, N.A.’s (the “Reinvestment Plan Agent”) fees for the handling of the reinvestment of dividends will be paid by the Trust. However, you will pay a $0.02 per share fee incurred in connection with open-market purchases, which will be deducted from the value of the dividend. You will also be charged a $0.02 per share fee if you direct the Reinvestment Plan Agent to sell your common shares held in a dividend reinvestment account. Per share fees include any applicable brokerage commissions the Reinvestment Plan Agent is required to pay.

Sales Load [Percent]

^[1]

1.00%

Dividend Reinvestment and Cash Purchase Fees

^[2]

$ 0.02

Other Transaction Expenses [Abstract]

Other Transaction Expenses [Percent]

^[3]

0.01%

Annual Expenses [Table Text Block]

Estimated Annual Expenses (as a percentage of net assets attributable to common shares)
Management Fees (4),(5)			0.80	%
Other Expenses			0.04	%
Total Annual Trust Operating Expenses			0.84	%
Fee Waivers and/or Expense Reimbursements (5)			—

Total Annual Trust Operating Expenses After Fee Waivers and/or Expense Reimbursements (5)			0.84	%

(4)	The Trust currently pays the Advisor a monthly fee at an annual contractual investment management fee rate of 0.80% of the average weekly value of the Trust’s net assets.

(5)

The Trust and the Advisor have entered into a fee waiver agreement (the “Fee Waiver Agreement”), pursuant to which the Advisor has contractually agreed to waive the management fee with respect to any portion of the Trust’s assets attributable to investments in any equity and fixed-income mutual funds and exchange-traded funds managed by the Advisor or its affiliates that have a contractual management fee, through June 30, 2024. In addition, pursuant to the Fee Waiver Agreement, the Advisor has contractually agreed to waive its management fees by the amount of investment advisory fees the Trust pays to the Advisor indirectly through its investment in money market funds managed by the Advisor or its affiliates, through June 30, 2024. The Fee Waiver Agreement may be terminated at any time, without the payment of any penalty, only by the Trust (upon the vote of a majority of the Trustees who are not “interested persons” (as defined in the Investment Company Act) of the Trust or a majority of the outstanding voting securities of the Trust), upon 90 days’ written notice by the Trust to the Advisor.

Management Fees [Percent]

^[4],[5]

0.80%

Other Annual Expenses [Abstract]

Other Annual Expenses [Percent]

0.04%

Total Annual Expenses [Percent]

0.84%

Waivers and Reimbursements of Fees [Percent]

^[4]

0.00%

Net Expense over Assets [Percent]

^[4]

0.84%

Expense Example [Table Text Block]

Example

The following example illustrates the expenses (including the sales load of $10.00 and offering costs of $0.12) that you would pay on a $1,000 investment in common shares, assuming (i) total net annual expenses of 0.84% of net assets attributable to common shares, and (ii) a 5% annual return:


		1 Year				3 Years				5 Years				10 Years
Total expenses incurred		$	19			$	37			$	56			$	113

Expense Example, Year 01

$ 19

Expense Example, Years 1 to 3

37

Expense Example, Years 1 to 5

56

Expense Example, Years 1 to 10

$ 113

Purpose of Fee Table , Note [Text Block]

The following table and example are intended to assist you in understanding the various costs and expenses directly or indirectly associated with investing in our common shares.

Basis of Transaction Fees, Note [Text Block]

as a percentage of offering price

Other Transaction Fees, Note [Text Block]

Computershare Trust Company, N.A.’s (the “Reinvestment Plan Agent”) fees for the handling of the reinvestment of dividends will be paid by the Trust. However, you will pay a $0.02 per share fee incurred in connection with open-market purchases, which will be deducted from the value of the dividend. You will also be charged a $0.02 per share fee if you direct the Reinvestment Plan Agent to sell your common shares held in a dividend reinvestment account. Per share fees include any applicable brokerage commissions the Reinvestment Plan Agent is required to pay.

General Description of Registrant [Abstract]

Investment Objectives and Practices [Text Block]

The Trust’s investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation.

Share Price [Table Text Block]

PRICE RANGE OF COMMON SHARES

The following table sets forth, for the quarters indicated, the highest and lowest daily closing prices on the NYSE per common share, and the NAV per common share and the premium to or discount from NAV, on the date of each of the high and low market prices. The table also sets forth the number of common shares traded on the NYSE during the respective quarters.


		NYSE Market Price Per Common Share								NAV per Common Share on Date of Market Price								Premium/ (Discount) on Date of Market Price								Trading Volume
During Quarter Ended		High				Low				High				Low				High				Low				Trading Volume
March 31, 2023		$	9.36			$	8.26			$	9.15			$	8.23				2.30	%			0.36	%			25,059,984
December 31, 2022		$	9.50			$	8.14			$	9.49			$	8.58				0.11	%			-5.13	%			29,748,145
September 30, 2022		$	9.71			$	8.08			$	9.42			$	8.47				3.08	%			-4.60	%			27,876,699
June 30, 2022		$	9.96			$	8.29			$	10.26			$	9.26				-2.92	%			-10.44	%			31,606,667
March 31, 2022		$	10.43			$	9.15			$	10.55			$	9.73				-1.14	%			-5.96	%			40,186,783
December 31, 2021		$	10.37			$	9.37			$	10.61			$	9.85				-2.26	%			-4.87	%			25,023,382
September 30, 2021		$	10.32			$	7.67			$	10.56			$	10.37				-2.27	%			-26.05	%			25,057,428
June 30, 2021		$	10.67			$	9.45			$	10.71			$	10.20				-0.37	%			-7.35	%			29,826,097
March 31, 2021		$	9.46			$	8.29			$	10.13			$	9.17				-6.61	%			-9.60	%			36,216,853

As of June 1, 2023, the NAV per common share of the Trust was $8.49 and the market price per common share was $8.10, representing a discount to NAV of -4.59%. Common shares of the Trust have historically traded at both a premium and discount to NAV.

As of May 26, 2023, the Trust has outstanding 186,494,195 common shares.

Lowest Price or Bid

$ 8.26

$ 8.14

$ 8.08

$ 8.29

$ 9.15

$ 9.37

$ 7.67

$ 9.45

$ 8.29

Highest Price or Bid

9.36

9.5

9.71

9.96

10.43

10.37

10.32

10.67

9.46

Lowest Price or Bid, NAV

8.23

8.58

8.47

9.26

9.73

9.85

10.37

10.2

9.17

Highest Price or Bid, NAV

$ 9.15

$ 9.49

$ 9.42

$ 10.26

$ 10.55

$ 10.61

$ 10.56

$ 10.71

$ 10.13

Highest Price or Bid, Premium (Discount) to NAV [Percent]

2.30%

0.11%

3.08%

(2.92%)

(1.14%)

(2.26%)

(2.27%)

(0.37%)

(6.61%)

Lowest Price or Bid, Premium (Discount) to NAV [Percent]

0.36%

(5.13%)

(4.60%)

(10.44%)

(5.96%)

(4.87%)

(26.05%)

(7.35%)

(9.60%)

Latest Share Price

$ 8.1

Latest Premium (Discount) to NAV [Percent]

(4.59%)

$ 8.49

Common Shares [Member]

Other Annual Expenses [Abstract]

Basis of Transaction Fees, Note [Text Block]

as a percentage of net assets attributable to common shares

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Outstanding Security, Held [Shares]

186,494,195

[1]	Represents the estimated commission with respect to the Trust’s common shares being sold in this offering. There is no guarantee that there will be any sales of the Trust’s common shares pursuant to this Prospectus Supplement and the accompanying Prospectus. Actual sales of the Trust’s common shares under this Prospectus Supplement and the accompanying Prospectus, if any, may be less than as set forth under “Capitalization” below. In addition, the price per share of any such sale may be greater than or less than the price set forth under “Capitalization” below, depending on market price of the Trust’s common shares at the time of any such sale.
[2]	Computershare Trust Company, N.A.’s (the “Reinvestment Plan Agent”) fees for the handling of the reinvestment of dividends will be paid by the Trust. However, you will pay a $0.02 per share fee incurred in connection with open-market purchases, which will be deducted from the value of the dividend. You will also be charged a $0.02 per share fee if you direct the Reinvestment Plan Agent to sell your common shares held in a dividend reinvestment account. Per share fees include any applicable brokerage commissions the Reinvestment Plan Agent is required to pay.
[3]	Based on a sales price per share of $8.10, which represents the last reported sales price per share of the Trust’s common shares on the NYSE on May 26, 2023. Assumes all of the common shares being offered by this Prospectus Supplement and the accompanying Prospectus are sold. Represents the initial offering costs incurred by the Trust in connection with this offering, which are estimated to be $181,920. Offering costs generally include, but are not limited to, the preparation, review and filing with the SEC of the Trust’s registration statement, the preparation, review and filing of any associated marketing or similar materials, costs associated with the printing, mailing or other distribution of the Prospectus Supplement and the accompanying Prospectus and/or marketing materials, associated filing fees, NYSE listing fees, and legal and auditing fees associated with the offering.
[4]	The Trust and the Advisor have entered into a fee waiver agreement (the “Fee Waiver Agreement”), pursuant to which the Advisor has contractually agreed to waive the management fee with respect to any portion of the Trust’s assets attributable to investments in any equity and fixed-income mutual funds and exchange-traded funds managed by the Advisor or its affiliates that have a contractual management fee, through June 30, 2024. In addition, pursuant to the Fee Waiver Agreement, the Advisor has contractually agreed to waive its management fees by the amount of investment advisory fees the Trust pays to the Advisor indirectly through its investment in money market funds managed by the Advisor or its affiliates, through June 30, 2024. The Fee Waiver Agreement may be terminated at any time, without the payment of any penalty, only by the Trust (upon the vote of a majority of the Trustees who are not “interested persons” (as defined in the Investment Company Act) of the Trust or a majority of the outstanding voting securities of the Trust), upon 90 days’ written notice by the Trust to the Advisor.
[5]	The Trust currently pays the Advisor a monthly fee at an annual contractual investment management fee rate of 0.80% of the average weekly value of the Trust’s net assets.