BLACKROCK BALANCED CAPITAL FUND, INC.
(the “Fund”)
Supplement dated June 14, 2013
to the Prospectus dated January 28, 2013
Effective immediately, the following changes are made to the Fund’s Prospectus:
The section in the Prospectus captioned “Fund Overview — Key Facts about BlackRock Balanced Capital Fund, Inc. — Portfolio Managers” as it relates solely to the Core Portfolio is deleted in its entirety and replaced with the following:
The Core Portfolio in which the Fund invests a portion of its assets is managed by Peter Stournaras, CFA.
Name |
Portfolio Manager of the Core Portfolio Since | Title |
Peter Stournaras, CFA | 2010 | Managing Director of BlackRock, Inc. |
The section in the Prospectus captioned “Details about the Fund — How the Fund Invests — About the Portfolio Management of the Fund” is deleted in its entirety and replaced with the following:
ABOUT THE PORTFOLIO MANAGEMENT OF THE FUND |
The Fund is managed by a team of financial professionals. Philip Green is responsible for the asset allocation of the equity and fixed-income portions of the Fund’s portfolio. Peter Stournaras, CFA is primarily responsible for the day-to-day management of the equity portion of the Fund’s portfolio. The investment professionals responsible for the day-to-day management of the fixed-income portion of the Fund’s portfolio are Rick Rieder and Bob Miller. Please see “Management of the Fund — Portfolio Manager Information” for additional information on the portfolio management team. |
The section in the Prospectus captioned “Management of the Fund — Portfolio Manager Information” as it relates solely to the Core Portfolio is deleted in its entirety and replaced with the following:
The Core Portfolio in which the Fund invests the equity portion of its assets is managed by Peter Stournaras, CFA.
Core Portfolio Manager | Primary Role | Since | Title and Recent Biography |
Peter Stournaras, CFA | Primarily responsible for the day-to-day management of the Core Portfolio’s portfolio, including setting the overall investment strategy and overseeing the management of the Core Portfolio. | 2010 | Managing Director of BlackRock, Inc. since 2010; Director at Northern Trust Company from 2006 to 2010; Portfolio Manager at Smith Barney/Legg Mason from 2005 to 2006; Director at Citigroup Asset Management from 1998 to 2005. |
Shareholders should retain this Supplement for future reference.
PRO-10044-0613SUP