BLACKROCK BALANCED CAPITAL FUND, INC.
(the “Fund”)
Supplement dated
June 14, 2013
to the Statement of Additional Information dated January 28, 2013
Effective immediately, the following changes are made to the Fund’s Statement of Additional Information:
The section captioned “Management and Advisory Arrangements — Information Regarding the Portfolio Managers” is revised as set forth below.
The first paragraph is deleted in its entirety and replaced with the following:
Philip Green is responsible for the asset allocation of the equity and fixed-income portions of the Fund’s portfolio. The Core Portfolio is managed by Peter Stournaras, CFA. The Total Return Portfolio is managed by a team of investment professionals comprised of Rick Rieder and Bob Miller.
The subsection captioned “Other Funds and Accounts Managed” as it relates solely to the Core Portfolio is revised as follows:
Number
of Other Accounts Managed |
Number
of Other Accounts and Assets for |
|||||||||||
Name of Portfolio Manager |
|
Other |
|
Other
Pooled |
|
Other |
|
Other |
|
Other
Pooled |
|
Other |
Core Portfolio | ||||||||||||
Peter Stournaras, CFA | 25 | 11 | 8 | 0 | 0 | 0 | ||||||
$11.23 Billion | $1.94 Billion | $1.63 Billion | $0 | $0 | $0 |
The last paragraph under the subsection captioned “Portfolio Manager Compensation Overview: Core Portfolio — Discretionary Incentive Compensation” is deleted in its entirety.
The second to last sentence under the subsection captioned “Portfolio Manager Compensation Overview: Core Portfolio — Distribution of Discretionary Incentive Compensation — Long-Term Incentive Plan Awards” is deleted in its entirety.
The last sentence under the subsection captioned “Portfolio Manager Compensation Overview: Core Portfolio — Other compensation benefits — Incentive Savings Plans” is deleted in its entirety and replaced with the following:
Mr. Stournaras is eligible to participate in these plans.
The subsection captioned “Portfolio Manager Beneficial Holdings” is deleted in its entirety and replaced with the following:
The following table sets forth the dollar range of equity securities of the Fund beneficially owned by each portfolio manager as of the fiscal year ended September 30, 2012.
Portfolio Manager | Dollar Range |
Peter Stournaras, CFA | None |
Philip Green | None |
Bob Miller | None |
Rick Rieder | None |
Shareholders should retain this Supplement for future reference.
SAI-10044-0613SUP