UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number 811-05739

 

Name of Fund: BlackRock MuniEnhanced Fund, Inc. (MEN)

 

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

 

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock MuniEnhanced Fund, Inc., 55 East 52nd Street, New York, NY 10055

 

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

 

Date of fiscal year end: 04/30/2013

 

Date of reporting period: 07/31/2012

 

Item 1 – Schedule of Investments

 

 

 

 

Schedule of Investments July 31, 2012 (Unaudited)

BlackRock MuniEnhanced Fund, Inc. (MEN)

 

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Alabama — 1.3%

 

 

 

 

 

 

 

County of Jefferson Alabama, RB,
Series A:

 

 

 

 

 

 

 

5.50%, 1/01/22

 

$

2,750

 

$

2,759,322

 

4.75%, 1/01/25

 

 

2,200

 

 

2,099,504

 

 

 

 

 

 

 

4,858,826

 

Alaska — 1.2%

 

 

 

 

 

 

 

Alaska Housing Finance Corp, RB,
Series A, 4.13%, 12/01/37

 

 

1,265

 

 

1,283,204

 

Alaska Housing Finance Corp., RB,
General Housing, Series B (NPFGC),
5.25%, 12/01/30

 

 

400

 

 

419,256

 

Alaska Industrial Development & Export
Authority, RB, Providence Health
Services, Series A, 5.50%, 10/01/41

 

 

990

 

 

1,143,232

 

Borough of Matanuska-Susitna Alaska,
RB, Goose Creek Correctional Center
(AGC), 6.00%, 9/01/28

 

 

1,200

 

 

1,458,036

 

 

 

 

 

 

 

4,303,728

 

Arizona — 1.5%

 

 

 

 

 

 

 

Greater Arizona Development Authority,
RB, Series B (NPFGC), 5.00%,
8/01/35

 

 

1,300

 

 

1,404,247

 

State of Arizona, COP, Department of
Administration, Series A (AGM):

 

 

 

 

 

 

 

5.00%, 10/01/27

 

 

3,250

 

 

3,703,310

 

5.00%, 10/01/29

 

 

400

 

 

444,956

 

 

 

 

 

 

 

5,552,513

 

California — 22.8%

 

 

 

 

 

 

 

Alameda Corridor Transportation
Authority, Refunding RB, CAB,
Subordinate Lien, Series A
(AMBAC) (a):

 

 

 

 

 

 

 

5.40%, 10/01/24

 

 

10,185

 

 

10,976,374

 

5.45%, 10/01/25

 

 

6,000

 

 

6,444,420

 

Anaheim Public Financing Authority
California, RB, Senior, Public
Improvements Project, Series A
(AGM), 6.00%, 9/01/24

 

 

5,000

 

 

6,287,900

 

Cabrillo Community College District, GO,
CAB, Election of 2004, Series B
(NPFGC), 5.39%, 8/01/37 (b)

 

 

2,400

 

 

634,344

 

California Health Facilities Financing
Authority, RB, Sutter Health, Series B,
5.88%, 8/15/31

 

 

1,200

 

 

1,449,552

 

California Health Facilities Financing
Authority, Refunding RB, St. Joseph
Health System, Series A, 5.75%,
7/01/39

 

 

550

 

 

635,283

 

California State University, RB,
Systemwide, Series A (NPFGC),
5.00%, 11/01/35

 

 

1,405

 

 

1,445,619

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

California (continued)

 

 

 

 

 

 

 

California State University, Refunding
RB, Systemwide, Series A (AGM),
5.00%, 11/01/37

 

$

2,000

 

$

2,270,820

 

California Statewide Communities
Development Authority, RB, Series A,
5.00%, 4/01/42

 

 

1,480

 

 

1,619,978

 

City of Redding California, COP,
Refunding, Series A (AGM), 5.00%,
6/01/30

 

 

1,420

 

 

1,565,294

 

City of San Jose California, Refunding
ARB, Series A-1, AMT, 5.75%,
3/01/34

 

 

850

 

 

977,118

 

Los Angeles Community College District
California, GO, Election of 2001,
Series A (AGM), 5.00%, 8/01/32

 

 

1,300

 

 

1,465,542

 

Los Angeles Department of Water &
Power, RB, Series C (NPFGC), 5.00%,
7/01/29

 

 

5,160

 

 

5,541,118

 

Metropolitan Water District of Southern
California, RB, Series B-1 (NPFGC) (c):

 

 

 

 

 

 

 

5.00%, 10/01/13

 

 

2,570

 

 

2,713,355

 

5.00%, 10/01/13

 

 

1,480

 

 

1,562,554

 

Orange County Sanitation District, COP:

 

 

 

 

 

 

 

(NPFGC), 5.00%, 8/01/13 (c)

 

 

7,455

 

 

7,808,218

 

Series B, (AGM), 5.00%, 2/01/30

 

 

1,500

 

 

1,680,375

 

Series B, (AGM), 5.00%, 2/01/31

 

 

900

 

 

1,008,639

 

Poway Unified School District, GO,
Refunding, CAB, School Facilities
Improvement Election of 2007,
4.96%, 8/01/36 (b)

 

 

3,750

 

 

1,157,063

 

Rio Hondo Community College District
California, GO, CAB, Election of 2004,
Series C, 4.99%, 8/01/38 (b)

 

 

5,000

 

 

1,387,800

 

San Diego Unified School District
California, GO, CAB, Election of 2008,
Series C, 5.02%, 7/01/38 (b)

 

 

1,600

 

 

442,544

 

San Diego Unified School District
California, GO, Refunding, CAB,
Series R-1 (b):

 

 

 

 

 

 

 

4.62%, 7/01/30

 

 

5,000

 

 

2,207,750

 

4.64%, 7/01/31

 

 

1,280

 

 

537,792

 

San Joaquin County Transportation
Authority, Refunding RB, Limited Tax,
Measure K, Series A, 6.00%, 3/01/36

 

 

2,175

 

 

2,663,635

 

San Marcos Unified School District, GO,
Election of 2010, Series A:

 

 

 

 

 

 

 

5.00%, 8/01/34

 

 

700

 

 

792,008

 

5.00%, 8/01/38

 

 

600

 

 

670,938

 

San Mateo County Community College
District, GO, CAB, Election of 2001,
Series C (NPFGC), 4.40%, 9/01/30 (b)

 

 

12,740

 

 

5,800,140

 

State of California, GO:

 

 

 

 

 

 

 

5.13%, 6/01/31

 

 

60

 

 

60,188

 

Various Purpose Improvement,
5.00%, 4/01/42

 

 

1,000

 

 

1,094,580

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIENHANCED FUND, INC.

JULY 31, 2012

1


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniEnhanced Fund, Inc. (MEN)
 (Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

California (concluded)

 

 

 

 

 

 

 

State of California, GO, Refunding:

 

 

 

 

 

 

 

5.13%, 6/01/27

 

$

20

 

$

20,066

 

5.00%, 2/01/38

 

 

2,500

 

 

2,741,550

 

5.00%, 10/01/41

 

 

1,000

 

 

1,091,290

 

Walnut Valley Unified School District,
GO, CAB, Election of 2007, Series B,
4.94%, 8/01/36 (b)

 

 

5,500

 

 

1,705,385

 

West Basin Municipal Water District
California, COP, Refunding, Series B
(AGC), 5.00%, 8/01/30

 

 

5,035

 

 

5,520,424

 

 

 

 

 

 

 

83,979,656

 

Colorado — 0.6%

 

 

 

 

 

 

 

Regional Transportation District, COP,
Refunding, Series A, 5.38%, 6/01/31

 

 

2,000

 

 

2,279,880

 

District of Columbia — 1.5%

 

 

 

 

 

 

 

District of Columbia, RB, Series B-1
(NPFGC), 5.00%, 2/01/31

 

 

5,480

 

 

5,686,322

 

Florida — 12.1%

 

 

 

 

 

 

 

Broward County Water & Sewer Utility,
RB, Series A, 5.25%, 10/01/34

 

 

850

 

 

1,014,960

 

City of Jacksonville, Refunding RB,
Series A, 5.00%, 10/01/30

 

 

280

 

 

320,555

 

Collier County School Board, COP (AGM),
5.00%, 2/15/23

 

 

3,000

 

 

3,372,600

 

County of Duval Florida, COP, Master
Lease Program (AGM), 5.00%,
7/01/33

 

 

2,625

 

 

2,850,750

 

County of Lee Florida, Refunding ARB,
Series A, AMT:

 

 

 

 

 

 

 

5.63%, 10/01/26

 

 

960

 

 

1,092,950

 

5.38%, 10/01/32

 

 

3,160

 

 

3,479,255

 

County of Miami-Dade Florida, GO,
Building Better Communities Program,
Series B-1, 5.75%, 7/01/33

 

 

1,400

 

 

1,617,938

 

County of Miami-Dade Florida, RB,
Water & Sewer System (AGM), 5.00%,
10/01/39

 

 

4,625

 

 

5,159,095

 

County of Miami-Dade Florida,
Refunding RB, Miami International
Airport, AMT (AGC), 5.00%, 10/01/40

 

 

9,900

 

 

10,390,446

 

Florida Ports Financing Commission,
Refunding RB, State Transportation
Trust Fund, Series B, AMT:

 

 

 

 

 

 

 

5.13%, 6/01/27

 

 

2,000

 

 

2,300,760

 

5.38%, 10/01/29

 

 

1,050

 

 

1,212,992

 

Highlands County Health Facilities
Authority, RB, Adventist Health
System/Sunbelt, Series B, 6.00%,
11/15/37

 

 

1,450

 

 

1,701,720

 

Hillsborough County Aviation Authority
Florida, RB, Series A, AMT (AGC),
5.38%, 10/01/33

 

 

4,050

 

 

4,379,022

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Florida (concluded)

 

 

 

 

 

 

 

Orange County School Board, COP,
Series A (AGC), 5.50%, 8/01/34

 

$

3,550

 

$

4,106,604

 

Sarasota County Public Hospital District,
RB, Sarasota Memorial Hospital
Project, Series A, 5.63%, 7/01/39

 

 

275

 

 

302,632

 

South Florida Water Management
District, COP (AGC), 5.00%, 10/01/22

 

 

1,000

 

 

1,143,230

 

 

 

 

 

 

 

44,445,509

 

Georgia — 3.3%

 

 

 

 

 

 

 

Burke County Development Authority,
Refunding RB, Oglethorpe Power-
Vogtle Project, Series C, 5.70%,
1/01/43

 

 

1,150

 

 

1,252,615

 

Municipal Electric Authority of Georgia,
Refunding RB, Series EE (AMBAC),
7.00%, 1/01/25

 

 

7,475

 

 

10,748,377

 

 

 

 

 

 

 

12,000,992

 

Illinois — 20.1%

 

 

 

 

 

 

 

Chicago Illinois Park District, GO,
Unlimited Tax, Harbor Facilities
Revenues, Series C, 5.25%, 1/01/40

 

 

550

 

 

621,770

 

City of Chicago Illinois, GARB:

 

 

 

 

 

 

 

O’Hare International Airport, Third
Lien, Series B-2, AMT (AGM),
5.75%, 1/01/23

 

 

5,670

 

 

5,948,284

 

Third Lien, Series A, 5.75%,
1/01/39

 

 

5,110

 

 

6,023,361

 

Third Lien, Series B-2, AMT
(Syncora), 6.00%, 1/01/29

 

 

2,500

 

 

2,647,250

 

City of Chicago Illinois, Refunding GARB,
O’Hare International Airport, Third
Lien, Series A, AMT (NPFGC), 5.75%,
1/01/21

 

 

4,500

 

 

4,517,055

 

City of Chicago Illinois Transit Authority,
RB, Sales Tax Receipts Revenue,
5.25%, 12/01/36

 

 

595

 

 

679,817

 

City of Chicago Illinois, Board of
Education, GO, Unlimited Tax, 5.50%,
12/01/39

 

 

2,375

 

 

2,768,822

 

City of Chicago Illinois, Board of
Education, GO, Refunding:

 

 

 

 

 

 

 

Chicago School Reform Board
(NPFGC), 5.50%, 12/01/26

 

 

725

 

 

901,523

 

Series A (AGM), 5.50%,
12/01/31

 

 

2,875

 

 

3,734,855

 

Cook County Forest Preserve District,
GO, Series C, 5.00%, 12/15/37

 

 

330

 

 

369,544

 

Cook County Forest Preserve District,
GO, Refunding, Limited Tax Project,
Series B, 5.00%, 12/15/37

 

 

285

 

 

319,152

 

County of Cook Illinois, GO, CAB, Series C
(AMBAC), 5.50%, 11/15/12 (c)

 

 

2,460

 

 

2,497,810

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIENHANCED FUND, INC.

JULY 31, 2012

2


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniEnhanced Fund, Inc. (MEN)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Illinois (concluded)

 

 

 

 

 

 

 

Illinois Finance Authority, RB, Carle
Foundation, Series A:

 

 

 

 

 

 

 

5.75%, 8/15/34

 

$

650

 

$

722,014

 

6.00%, 8/15/41

 

 

1,000

 

 

1,132,600

 

Illinois HDA, RB, Liberty Arms Senior
Apartments, Series D, AMT (AMBAC),
4.88%, 7/01/47

 

 

2,190

 

 

2,216,302

 

Illinois Municipal Electric Agency, RB,
Series A (NPFGC), 5.25%, 2/01/35

 

 

1,000

 

 

1,080,930

 

Illinois Sports Facilities Authority, RB,
State Tax Supported (AMBAC), 5.50%,
6/15/30

 

 

17,620

 

 

19,247,559

 

Metropolitan Pier & Exposition Authority,
RB, CAB, McCormick Place Expansion
Project, Series A (NPFGC) (b):

 

 

 

 

 

 

 

4.21%, 12/15/26

 

 

5,000

 

 

2,747,400

 

4.72%, 12/15/33

 

 

9,950

 

 

3,671,251

 

Metropolitan Pier & Exposition Authority,
Refunding RB, CAB, McCormick Place
Expansion Project, Series B (AGM),
5.12%, 6/15/44 (b)

 

 

3,450

 

 

688,689

 

Railsplitter Tobacco Settlement
Authority, RB, 6.00%, 6/01/28

 

 

675

 

 

785,504

 

Regional Transportation Authority, RB,
Series A (AMBAC), 7.20%, 11/01/20

 

 

8,800

 

 

10,644,744

 

 

 

 

 

 

 

73,966,236

 

Indiana — 1.2%

 

 

 

 

 

 

 

Indiana Finance Authority, RB, First Lien,
CWA Authority Project, Series A,
5.25%, 10/01/38

 

 

1,100

 

 

1,273,140

 

Indiana Municipal Power Agency, RB,
Series B, 5.75%, 1/01/34

 

 

400

 

 

423,040

 

Indianapolis Local Public Improvement
Bond Bank, Refunding RB,
Waterworks Project, Series A (AGC):

 

 

 

 

 

 

 

5.25%, 1/01/29

 

 

600

 

 

680,496

 

5.50%, 1/01/38

 

 

1,825

 

 

2,071,229

 

 

 

 

 

 

 

4,447,905

 

Iowa — 4.1%

 

 

 

 

 

 

 

Iowa Finance Authority, RB, Series A
(AGC), 5.63%, 8/15/37

 

 

5,725

 

 

6,501,024

 

Iowa Student Loan Liquidity Corp., RB,
Series A-2, AMT:

 

 

 

 

 

 

 

5.60%, 12/01/26

 

 

3,670

 

 

4,117,189

 

5.70%, 12/01/27

 

 

1,670

 

 

1,874,909

 

5.80%, 12/01/29

 

 

1,125

 

 

1,260,945

 

5.85%, 12/01/30

 

 

1,170

 

 

1,308,727

 

 

 

 

 

 

 

15,062,794

 

Louisiana — 1.8%

 

 

 

 

 

 

 

Louisiana Public Facilities Authority,
Refunding RB, Christus Health, Series
B (AGC), 6.50%, 7/01/30

 

 

1,250

 

 

1,480,363

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Louisiana (concluded)

 

 

 

 

 

 

 

Parish of Saint Charles Louisiana, RB,
Valero Energy Corp. Project, 4.00%,
12/01/40

 

$

1,560

 

$

1,650,340

 

Parish of Saint John the Baptist
Louisiana, RB, Marathon Oil Corp.,
Series A, 5.13%, 6/01/37

 

 

3,150

 

 

3,345,394

 


 

 

 

 

 

6,476,097

 

Maine — 0.1%

 

 

 

 

 

 

 

Maine State Housing Authority,
Refunding RB, Series B-1, AMT,
4.00%, 11/15/27

 

 

335

 

 

345,157

 

Massachusetts — 1.4%

 

 

 

 

 

 

 

Massachusetts HFA, RB, S/F Housing,
Series 128, AMT (AGM), 4.88%,
12/01/38

 

 

490

 

 

503,539

 

Massachusetts HFA, Refunding RB,
AMT:

 

 

 

 

 

 

 

Rental Housing, Series A, (AGM),
5.15%, 7/01/26

 

 

485

 

 

492,387

 

Series C, 5.35%, 12/01/42

 

 

1,150

 

 

1,233,225

 

Massachusetts Water Resources
Authority, Refunding RB, General,
Series A (NPFGC), 5.00%, 8/01/34

 

 

2,700

 

 

3,083,589

 

 

 

 

 

 

 

5,312,740

 

Michigan — 4.5%

 

 

 

 

 

 

 

City of Detroit Michigan, RB (AGM):

 

 

 

 

 

 

 

Sewage Disposal System,
Senior Lien, 7.50%,
7/01/33

 

 

500

 

 

628,550

 

Water Supply System, Second
Lien, 6.25%, 7/01/36

 

 

400

 

 

467,044

 

Water Supply System, Second
Lien, 7.00%, 7/01/36

 

 

200

 

 

243,076

 

City of Detroit Michigan, Refunding RB,
Sewage Disposal System, Second
Lien, Series E (BHAC), 5.75%,
7/01/31

 

 

2,500

 

 

2,864,275

 

Kalamazoo Hospital Finance Authority,
RB, Bronson Methodist Hospital
(AGM), 5.25%, 5/15/36

 

 

75

 

 

82,960

 

Lansing Board of Water & Light Utilities,
RB, Series A, 5.50%, 7/01/41

 

 

1,700

 

 

2,014,228

 

Michigan Higher Education Student
Loan Authority, Refunding RB, Student
Loan, Series XVII-G, AMT (AMBAC),
5.20%, 9/01/20

 

 

1,500

 

 

1,502,055

 

Michigan State Building Authority,
Refunding RB, Facilities Program:

 

 

 

 

 

 

 

Series I-A, 5.38%, 10/15/36

 

 

145

 

 

167,094

 

Series I-A, 5.38%, 10/15/41

 

 

700

 

 

804,874

 

Series II-A (AGM), 5.25%,
10/15/36

 

 

900

 

 

1,031,382

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIENHANCED FUND, INC.

JULY 31, 2012

3


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniEnhanced Fund, Inc. (MEN)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Michigan (concluded)

 

 

 

 

 

 

 

Michigan State HDA, RB, Series C, AMT,
5.50%, 12/01/28

 

$

1,040

 

$

1,127,225

 

Michigan Strategic Fund, RB, Detroit
Edison Co. Project, Series C, AMT
(Syncora), 5.45%, 12/15/32

 

 

4,300

 

 

4,318,318

 

Michigan Strategic Fund, Refunding RB,
Detroit Edison Co. Project, Series A,
AMT (Syncora), 5.50%, 6/01/30

 

 

1,300

 

 

1,321,437

 

 

 

 

 

 

 

16,572,518

 

Minnesota — 0.8%

 

 

 

 

 

 

 

City of Minneapolis Minnesota,
Refunding RB, Fairview Health
Services, Series B (AGC), 6.50%,
11/15/38

 

 

2,500

 

 

2,996,375

 

Mississippi — 0.2%

 

 

 

 

 

 

 

Medical Center Educational Building
Corp., RB, University of Mississippi
Medical Center Facilities, Expansion &
Renovation Project, Series A, 5.00%,
6/01/41

 

 

740

 

 

834,269

 

Nebraska — 0.2%

 

 

 

 

 

 

 

Central Plains Energy Project, RB, Gas
Project No. 3, 5.25%, 9/01/37

 

 

750

 

 

795,847

 

Nevada — 3.0%

 

 

 

 

 

 

 

City of Carson City Nevada, RB, Carson-
Tahoe Hospital Project, Series A
(Radian), 5.50%, 9/01/33

 

 

1,250

 

 

1,345,500

 

City of Las Vegas Nevada, GO, Limited
Tax, Performing Arts Center, 6.00%,
4/01/34

 

 

850

 

 

1,001,317

 

County of Clark Nevada, ARB:

 

 

 

 

 

 

 

Las Vegas-McCarran International
Airport, Series A, (AGC), 5.25%,
7/01/39

 

 

3,800

 

 

4,259,952

 

Subordinate Lien, Series A-2,
(NPFGC), 5.00%, 7/01/30

 

 

1,000

 

 

1,053,020

 

Subordinate Lien, Series A-2,
(NPFGC), 5.00%, 7/01/36

 

 

3,200

 

 

3,387,648

 

County of Clark Nevada, RB, Southwest
Gas Corp. Project, Series A, AMT
(NPFGC), 4.75%, 9/01/36

 

 

75

 

 

77,239

 

 

 

 

 

 

 

11,124,676

 

New Jersey — 6.7%

 

 

 

 

 

 

 

New Jersey EDA, RB:

 

 

 

 

 

 

 

Cigarette Tax, (Radian), 5.50%,
6/15/14 (c)

 

 

600

 

 

657,540

 

Cigarette Tax, (Radian), 5.75%,
6/15/14 (c)

 

 

305

 

 

335,671

 

Motor Vehicle Surcharge, Series A,
(NPFGC), 5.25%, 7/01/31

 

 

3,125

 

 

3,345,250

 

Motor Vehicle Surcharge, Series A,
(NPFGC), 5.25%, 7/01/33

 

 

7,800

 

 

8,349,744

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

New Jersey (concluded)

 

 

 

 

 

 

 

New Jersey EDA, RB (concluded):

 

 

 

 

 

 

 

School Facilities Construction,
Series Z, (AGC), 6.00%,
12/15/34

 

$

2,000

 

$

2,357,000

 

New Jersey Higher Education Student
Assistance Authority, Refunding RB,
Series 1, AMT:

 

 

 

 

 

 

 

5.50%, 12/01/26

 

 

600

 

 

686,232

 

5.75%, 12/01/27

 

 

3,870

 

 

4,478,519

 

New Jersey Transportation Trust Fund
Authority, RB, Transportation System:

 

 

 

 

 

 

 

Series A, 5.50%, 6/15/41

 

 

2,000

 

 

2,337,640

 

Series B, 5.25%, 6/15/36

 

 

1,825

 

 

2,102,783

 

 

 

 

 

 

 

24,650,379

 

New York — 5.2%

 

 

 

 

 

 

 

Erie County Industrial Development
Agency, RB, City School District of
Buffalo Project, Series A (AGM),
5.75%, 5/01/28

 

 

1,500

 

 

1,755,855

 

Hudson New York Yards Infrastructure
Corp., RB, Series A, 5.75%, 2/15/47

 

 

700

 

 

820,449

 

Metropolitan Transportation Authority,
RB, Series C, 6.50%, 11/15/28

 

 

4,000

 

 

5,140,440

 

New York City Transitional Finance
Authority, RB, Fiscal 2009, Series S-4:

 

 

 

 

 

 

 

5.50%, 1/15/33

 

 

1,600

 

 

1,865,824

 

5.50%, 1/15/34

 

 

2,750

 

 

3,185,682

 

New York HFA, RB, Affordable Housing,
Series B, 5.30%, 11/01/37

 

 

2,500

 

 

2,634,225

 

New York State Dormitory Authority,
ERB, Series B, 5.75%, 3/15/36

 

 

1,200

 

 

1,450,404

 

New York State Thruway Authority, RB,
Series I, 5.00%, 1/01/37

 

 

2,095

 

 

2,372,148

 

 

 

 

 

 

 

19,225,027

 

North Carolina — 0.2%

 

 

 

 

 

 

 

North Carolina Medical Care
Commission, RB, Novant Health
Obligation, Series A, 4.75%,
11/01/43

 

 

850

 

 

903,584

 

Ohio — 0.5%

 

 

 

 

 

 

 

County of Allen Ohio, Refunding RB,
Hospital Facilities, Catholic Health
Partners, Series A, 5.00%, 5/01/42

 

 

750

 

 

818,243

 

County of Lucas Ohio, Refunding RB,
Promedica Healthcare, Series A,
6.50%, 11/15/37

 

 

530

 

 

662,293

 

Kent State University, ERB, General
Receipts, Series A, 5.00%, 5/01/37

 

 

430

 

 

486,665

 

 

 

 

 

 

 

1,967,201

 

Pennsylvania — 0.4%

 

 

 

 

 

 

 

Pennsylvania HFA, Refunding RB, Series
99A, AMT, 5.25%, 10/01/32

 

 

265

 

 

268,328

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIENHANCED FUND, INC.

JULY 31, 2012

4


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniEnhanced Fund, Inc. (MEN)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Pennsylvania (concluded)

 

 

 

 

 

 

 

Pennsylvania Turnpike Commission, RB,
Subordinate, Special Motor License
Fund, 6.00%, 12/01/36

 

$

575

 

$

707,049

 

Philadelphia School District, GO,
Series E, 6.00%, 9/01/38

 

 

400

 

 

454,588

 

 

 

 

 

 

 

1,429,965

 

Puerto Rico — 3.1%

 

 

 

 

 

 

 

Puerto Rico Sales Tax Financing Corp.,
RB, First Sub-Series A:

 

 

 

 

 

 

 

6.38%, 8/01/39

 

 

3,200

 

 

3,790,816

 

6.00%, 8/01/42

 

 

2,275

 

 

2,572,638

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB:

 

 

 

 

 

 

 

CAB, Series A, (NPFGC), 5.55%,
8/01/41 (b)

 

 

8,500

 

 

1,737,060

 

CAB, Series C, 5.39%,
8/01/38 (b)

 

 

8,000

 

 

2,006,880

 

First Sub-Series C, 6.00%,
8/01/39

 

 

1,180

 

 

1,353,260

 

 

 

 

 

 

 

11,460,654

 

Rhode Island — 0.7%

 

 

 

 

 

 

 

Rhode Island Health & Educational
Building Corp., Refunding RB, Public
Schools Financing Program, Series E
(AGC), 6.00%, 5/15/29

 

 

2,275

 

 

2,629,263

 

South Carolina — 1.3%

 

 

 

 

 

 

 

South Carolina Jobs-EDA, Refunding RB,
Palmetto Health, Series A (AGM),
6.50%, 8/01/39

 

 

115

 

 

139,066

 

South Carolina State Public Service
Authority, Refunding RB, Santee
Cooper, Series A, 5.50%, 1/01/38

 

 

1,000

 

 

1,191,330

 

South Carolina Transportation
Infrastructure Bank, RB, Series A,
5.25%, 10/01/40

 

 

3,000

 

 

3,348,210

 

 

 

 

 

 

 

4,678,606

 

Tennessee — 2.6%

 

 

 

 

 

 

 

Memphis Center City Revenue Finance
Corp., RB, Subordinate, Pyramid &
Pinch District, Series B (AGM), 5.25%,
11/01/30

 

 

2,955

 

 

3,506,817

 

Metropolitan Government of Nashville &
Davidson County Health &
Educational Facilities Board,
Refunding RB, Vanderbilt University,
Series B, 5.50%, 10/01/29

 

 

5,000

 

 

6,073,500

 

 

 

 

 

 

 

9,580,317

 

Texas — 9.9%

 

 

 

 

 

 

 

City of Houston Texas, Refunding RB,
Combined, First Lien, Series A (AGC):

 

 

 

 

 

 

 

6.00%, 11/15/35

 

 

2,100

 

 

2,560,635

 

5.38%, 11/15/38

 

 

1,350

 

 

1,565,325

 

 

 

 

 

 

 

 

 

Municipal Bonds

 

Par
(000)

 

Value

 

Texas (concluded)

 

 

 

 

 

 

 

Dallas-Fort Worth International Airport
Facilities Improvement Corp., RB,
Series A (NPFGC), 5.50%, 11/01/33

 

$

13,000

 

$

13,244,140

 

Mansfield ISD Texas, GO, School
Building (PSF-GTD), 5.00%, 2/15/33

 

 

1,725

 

 

1,965,344

 

North Texas Tollway Authority,
Refunding RB, First Tier:

 

 

 

 

 

 

 

(NPFGC), 5.75%, 1/01/40

 

 

1,600

 

 

1,791,248

 

Series A, 6.00%, 1/01/28

 

 

2,795

 

 

3,300,699

 

Series K-1 System, 5.75%,
1/01/38

 

 

3,800

 

 

4,341,386

 

Series K-2 System, 6.00%,
1/01/38

 

 

4,015

 

 

4,649,731

 

Texas State Turnpike Authority, RB, First
Tier, Series A (AMBAC), 5.50%,
8/15/39

 

 

3,150

 

 

3,174,791

 

 

 

 

 

 

 

36,593,299

 

Washington — 1.9%

 

 

 

 

 

 

 

Central Puget Sound Regional Transit
Authority, RB, Series A, 5.00%,
11/01/36

 

 

1,600

 

 

1,822,528

 

Washington Health Care Facilities
Authority, RB:

 

 

 

 

 

 

 

MultiCare Health System,
Series A, 5.00%, 8/15/44

 

 

270

 

 

293,069

 

Providence Health & Services,
Series A, 5.00%, 10/01/39

 

 

900

 

 

977,436

 

Providence Health & Services,
Series A, 5.25%, 10/01/39

 

 

625

 

 

693,525

 

Washington Health Care Facilities
Authority, Refunding RB:

 

 

 

 

 

 

 

Providence Health & Services,
Series A, 5.00%, 10/01/42

 

 

200

 

 

223,112

 

Providence Health & Services,
Series D, (AGM), 5.25%,
10/01/33

 

 

2,800

 

 

3,085,180

 

 

 

 

 

 

 

7,094,850

 

Wisconsin — 0.4%

 

 

 

 

 

 

 

Wisconsin Health & Educational
Facilities Authority, RB, Ascension
Health Senior Credit Group, 5.00%,
11/15/33

 

 

1,375

 

 

1,524,339

 

Total Municipal Bonds – 114.6%

 

 

 

 

 

422,779,524

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts (d)

 

 

 

 

 

 

 

Arizona — 0.8%

 

 

 

 

 

 

 

Phoenix Arizona Civic Improvement
Corp., RB, Junior Lien, Series A,
5.00%, 7/01/34

 

 

1,200

 

 

1,395,192

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIENHANCED FUND, INC.

JULY 31, 2012

5


 

 

 

 

 

BlackRock MuniEnhanced Fund, Inc. (MEN)

Schedule of Investments (continued)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts (d)

 

Par
(000)

 

Value

 

Arizona (concluded)

 

 

 

 

 

 

 

Salt River Project Agricultural
Improvement & Power District, RB,
Series A, 5.00%, 1/01/38

 

$

1,500

 

$

1,667,145

 

 

 

 

 

 

 

3,062,337

 

California — 2.0%

 

 

 

 

 

 

 

Los Angeles Community College District
California, GO, Election of 2001,
Series A (AGM), 5.00%, 8/01/32

 

 

2,500

 

 

2,818,350

 

San Diego Community College District
California, GO, Election of 2002,
5.25%, 8/01/33

 

 

404

 

 

473,602

 

San Diego County Water Authority, COP,
Refunding, Series A (AGM), 5.00%,
5/01/33

 

 

2,810

 

 

3,120,336

 

University of California, RB, Series O,
5.75%, 5/15/34

 

 

840

 

 

1,010,069

 

 

 

 

 

 

 

7,422,357

 

Colorado — 0.3%

 

 

 

 

 

 

 

Colorado Health Facilities Authority,
Refunding RB, Catholic Health
Initiatives, Series A, 5.50%, 7/01/34

 

 

900

 

 

1,028,461

 

District of Columbia — 1.7%

 

 

 

 

 

 

 

District of Columbia, RB, Series A,
5.50%, 12/01/30

 

 

1,005

 

 

1,256,123

 

District of Columbia Water & Sewer
Authority, Refunding RB, Series A,
6.00%, 10/01/35

 

 

1,770

 

 

2,154,963

 

Metropolitan Washington Airports
Authority, Refunding ARB, Series A,
AMT, 5.00%, 10/01/30

 

 

2,530

 

 

2,905,882

 

 

 

 

 

 

 

6,316,968

 

Florida — 7.9%

 

 

 

 

 

 

 

City of Tallahassee Florida, RB (NPFGC):

 

 

 

 

 

 

 

5.00%, 10/01/32

 

 

4,000

 

 

4,328,320

 

5.00%, 10/01/37

 

 

7,500

 

 

8,104,500

 

County of Miami-Dade Florida, RB,
5.00%, 7/01/42

 

 

1,780

 

 

1,997,285

 

Florida State Board of Education, GO,
Series D, 5.00%, 6/01/37

 

 

1,349

 

 

1,551,305

 

Miami-Dade County School Board, COP,
Refunding, Series B (AGC), 5.00%,
5/01/33

 

 

10,000

 

 

10,982,100

 

Orange County School Board, COP,
Series A (NPFGC), 5.00%, 8/01/31

 

 

2,000

 

 

2,157,540

 

 

 

 

 

 

 

29,121,050

 

Georgia — 5.0%

 

 

 

 

 

 

 

City of Atlanta Georgia, Refunding GARB,
Series B (AGM), 5.25%, 1/01/33

 

 

17,356

 

 

18,502,913

 

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts (d)

 

Par
(000)

 

Value

 

Illinois — 3.6%

 

 

 

 

 

 

 

City of Chicago Illinois, RB, Motor Fuel
Tax Revenue (AGC), 5.00%, 1/01/38

 

$

2,000

 

$

2,126,500

 

City of Chicago Illinois, Refunding RB,
Sales Tax Revenue, Series A, 5.00%,
1/01/41

 

 

3,430

 

 

3,854,257

 

Illinois State Toll Highway Authority, RB,
Series B, 5.50%, 1/01/33

 

 

1,880

 

 

2,083,240

 

Metropolitan Pier & Exposition Authority,
RB, McCormick Place Expansion
Project, Series A, 5.00%, 6/15/42

 

 

270

 

 

300,180

 

State of Illinois, RB, Build Illinois Bonds,
Series B, 5.25%, 6/15/34

 

 

4,399

 

 

4,997,318

 

 

 

 

 

 

 

13,361,495

 

Louisiana — 1.6%

 

 

 

 

 

 

 

State of Louisiana Gas & Fuels, RB,
Series A (AGM), 5.00%, 5/01/36

 

 

5,400

 

 

5,974,074

 

Massachusetts — 3.2%

 

 

 

 

 

 

 

Massachusetts School Building
Authority, RB, Dedicated Sales Tax
Revenue, Series A (AGM), 5.00%,
8/15/30

 

 

10,600

 

 

11,730,975

 

Michigan — 1.3%

 

 

 

 

 

 

 

Michigan Finance Authority, Refunding
RB, Trinity Health, 5.00%, 12/01/39

 

 

4,300

 

 

4,762,637

 

Nevada — 3.3%

 

 

 

 

 

 

 

City of Las Vegas Nevada, GO, Limited
Tax, Performing Arts Center, 6.00%,
4/01/39

 

 

3,778

 

 

4,418,276

 

Clark County Water Reclamation
District, GO, Series B:

 

 

 

 

 

 

 

5.50%, 7/01/29

 

 

4,499

 

 

5,574,664

 

5.75%, 7/01/34

 

 

1,829

 

 

2,302,870

 

 

 

 

 

 

 

12,295,810

 

New York — 1.6%

 

 

 

 

 

 

 

New York City Municipal Water Finance
Authority, RB, Fiscal 2009, Series A,
5.75%, 6/15/40

 

 

1,260

 

 

1,518,664

 

Port Authority of New York & New Jersey,
Refunding RB, Construction One
Hundred Forty-Third, AMT, 5.00%,
10/01/30

 

 

2,500

 

 

2,735,050

 

Triborough Bridge & Tunnel Authority,
RB, General, Series A-2, 5.25%,
11/15/34

 

 

1,300

 

 

1,502,709

 

 

 

 

 

 

 

5,756,423

 

Ohio — 0.2%

 

 

 

 

 

 

 

State of Ohio, RB, Cleveland Clinic
Health, Series B, 5.50%, 1/01/34

 

 

580

 

 

658,973

 

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIENHANCED FUND, INC.

JULY 31, 2012

6


 

 

 

 

Schedule of Investments (continued)

BlackRock MuniEnhanced Fund, Inc. (MEN)

 

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts (d)

 

Par
(000)

 

Value

 

Puerto Rico — 0.7%

 

 

 

 

 

 

 

Puerto Rico Sales Tax Financing Corp.,
Refunding RB, Series C, 5.25%,
8/01/40

 

$

2,380

 

$

2,642,954

 

South Carolina — 2.5%

 

 

 

 

 

 

 

Charleston Educational Excellence
Finance Corp., RB, Charleston County
School (AGC):

 

 

 

 

 

 

 

5.25%, 12/01/28

 

 

3,120

 

 

3,463,325

 

5.25%, 12/01/29

 

 

2,765

 

 

3,063,675

 

5.25%, 12/01/30

 

 

1,010

 

 

1,118,413

 

South Carolina State Public Service
Authority, Refunding RB, Santee
Cooper, Series A, 5.50%, 1/01/38

 

 

1,275

 

 

1,518,946

 

 

 

 

 

 

 

9,164,359

 

South Dakota — 0.6%

 

 

 

 

 

 

 

South Dakota HDA, Refunding RB,
Homeownership Mortgage Series K,
5.05%, 5/01/36

 

 

2,234

 

 

2,281,891

 

Texas — 1.2%

 

 

 

 

 

 

 

Clear Creek ISD Texas, GO, Refunding,
School Building (PSF-GTD), 5.00%,
2/15/33

 

 

2,200

 

 

2,659,789

 

North East ISD Texas, GO, School
Building, Series A (PSF-GTD), 5.00%,
8/01/37

 

 

1,600

 

 

1,820,768

 

 

 

 

 

 

 

4,480,557

 

Utah — 1.6%

 

 

 

 

 

 

 

Utah Transit Authority, RB, Series A
(AGM), 5.00%, 6/15/36

 

 

5,000

 

 

5,672,550

 

Virginia — 0.1%

 

 

 

 

 

 

 

Fairfax County IDA Virginia, Refunding
RB, Health Care, Inova Health System,
Series A, 5.50%, 5/15/35

 

 

350

 

 

399,636

 

Washington — 1.3%

 

 

 

 

 

 

 

Central Puget Sound Regional Transit
Authority, RB, Series A (AGM), 5.00%,
11/01/32

 

 

4,004

 

 

4,565,735

 

Wisconsin — 0.4%

 

 

 

 

 

 

 

Wisconsin Health & Educational
Facilities Authority, Refunding RB,
Froedtert & Community Health Inc.,
5.25%, 4/01/39

 

1,430

 

 

1,586,204

 

Total Municipal Bonds Transferred to
Tender Option Bond (TOB) Trusts – 40.9%

 

 

 

 

 

150,788,359

 

Total Long-Term Investments
(Cost – $515,700,555) – 155.5%

 

 

 

 

 

573,567,883

 
 

 

 

 

 

 

 

 

 

Short-Term Securities

 

Shares

 

Value

 

FFI Institutional Tax-Exempt Fund,
0.01% (e)(f)

 

 

5,480,164

 

$

5,480,164

 

Total Short-Term Securities
(Cost – $5,480,164) – 1.5%

 

 

 

 

 

5,480,164

 

Total Investments (Cost - $521,180,719*) – 157.0%

 

 

 

 

 

579,048,047

 

Other Assets Less Liabilities – 0.8%

 

 

 

 

 

3,103,029

 

Liability for TOB Trust Certificates, Including Interest
Expense and Fees Payable – (19.2)%

 

 

 

 

 

(70,896,946

)

VRDP Shares, at Liquidation Value – (38.6)%

 

 

 

 

 

(142,500,000

)

Net Assets Applicable to Common Shares – 100.0%

 

 

 

 

$

368,754,130

 

 

 

 

*

As of July 31, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

 

 

 

 

 

Tax Cost

 

$

450,765,395

 

Gross unrealized appreciation

 

$

58,039,661

 

Gross unrealized depreciation

 

 

(617,129

)

Net unrealized appreciation

 

$

57,422,532

 

 

 

(a)

Represents a step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate shown is as of report date.

 

 

(b)

Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.

 

 

(c)

US government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the date indicated, typically at a premium to par.

 

 

(d)

Securities represent bonds transferred to a TOB in exchange for which the Fund acquired residual interest certificates. These securities serve as collateral in a financing transaction.

 

 

(e)

Investments in companies considered to be an affiliate of the Fund during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:


 

 

 

 

 

 

 

 

 

 

Affiliate

 

Shares
Held at
April 30, 2012

 

Net
Activity

 

Shares
Held at
July 31, 2012

 

Income

 

FFI Institutional Tax-Exempt Fund

 

9,127,957

 

(3,647,793)

 

5,480,164

 

$   657

 

 

 

(f)

Represents the current yield as of report date.


 

Portfolio Abbreviations

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list:

 

 

AGC

Assured Guaranty Corp.

AGM

Assured Guaranty Municipal Corp.

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIENHANCED FUND, INC.

JULY 31, 2012

7


 

 

 

Schedule of Investments (concluded)

BlackRock MuniEnhanced Fund, Inc. (MEN)

 

 

AMBAC

American Municipal Bond Assurance Corp.

AMT

Alternative Minimum Tax (subject to)

ARB

Airport Revenue Bonds

BHAC

Berkshire Hathaway Assurance Corp.

CAB

Capital Appreciation Bonds

COP

Certificates of Participation

EDA

Economic Development Authority

ERB

Education Revenue Bonds

GARB

General Airport Revenue Bonds

GO

General Obligation Bonds

HDA

Housing Development Authority

HFA

Housing Finance Agency

IDA

Industrial Development Authority

ISD

Independent School District

NPFGC

National Public Finance Guarantee Corp.

PSF-GTD

Permanent School Fund Guaranteed

RB

Revenue Bonds

Radian

Radian Financial Guaranty

S/F

Single-Family

Syncora

Syncora Guarantee

 

 

 

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

 

 

 

•

Level 1 — unadjusted price quotations in active markets/exchanges for identical assets and liabilities

 

 

 

 

•

Level 2 — other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market- corroborated inputs)

 

 

 

 

•

Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund’s own assumptions used in determining the fair value of investments)

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Fund’s policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its annual report.

The following table summarizes the Fund’s investments categorized in the disclosure hierarchy as of July 31, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term Investments1

 

 

—

 

$

573,567,883

 

 

—

 

$

573,567,883

 

Short-Term Securities

 

$

5,480,164

 

 

—

 

 

—

 

 

5,480,164

 

Total

 

$

5,480,164

 

$

573,567,883

 

 

—

 

$

579,048,047

 

 

 

1

See above Schedule of Investments for values in each state or political subdivision.

Certain of the Fund’s liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of July 31, 2012, such liabilities are categorized within the disclosure hierarchy as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

TOB trust certificates

 

 

—

 

$

(70,860,120

)

 

—

 

$

(70,860,120

)

VRDP Shares

 

 

—

 

 

(142,500,000

)

 

—

 

 

(142,500,000

)

Total

 

 

—

 

$

(213,360,120

)

 

—

 

$

(213,360,120

)

There were no transfers between levels during the period ended July 31, 2012.

 

 

 

 

 

 

 

 

 

BLACKROCK MUNIENHANCED FUND, INC.

JULY 31, 2012

8

Item 2 –

Controls and Procedures

 

 

2(a) –

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

 

 

2(b) –

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

 

Item 3 –

Exhibits

 

 

 

Certifications – Attached hereto

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

BlackRock MuniEnhanced Fund, Inc.

 

 
  By: /s/ John M. Perlowski  
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
    BlackRock MuniEnhanced Fund, Inc.
   
  Date: September 25, 2012
   
  Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
   
  By: /s/ John M. Perlowski  
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
    BlackRock MuniEnhanced Fund, Inc.
   
  Date: September 25, 2012
   
  By: /s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock MuniEnhanced Fund, Inc.
     
  Date: September 25, 2012