BLACKROCK BASIC VALUE FUND, INC.
(the “Fund”)
Supplement dated June 7, 2021 to the Statement of Additional Information (“SAI”)
of the Fund, dated October 28, 2020, as supplemented to date
Effective June 8, 2021, the following changes are made to the Fund’s SAI:
The section entitled “Management, Advisory and Other Service Arrangements — Information Regarding the Portfolio Managers” is revised as follows:
The first paragraph is deleted in its entirety and replaced with the following:
Joseph Wolfe, Tony DeSpirito and David Zhao are the portfolio managers and are jointly and primarily responsible for the day-to-day management of the Fund’s portfolio.
The sub-section entitled “Other Funds and Accounts Managed” is deleted in its entirety and replaced with the following:
The following table sets forth information about funds and accounts other than the Fund for which the portfolio managers are primarily responsible for the day-to-day portfolio management as of June 30, 2020.
| Number of Other Accounts Managed and Assets by Account Type |
Number of Other Accounts and Assets for Which Advisory Fee is Performance-Based | |||||||||||
| Name of Portfolio Manager |
Other Registered Investment Companies |
Other Investment Vehicles |
Other Accounts |
Other Registered Investment Companies |
Other Investment Vehicles |
Other Accounts | ||||||
| Tony DeSpirito | 15 $23.31 Billion |
7 $2.70 Billion |
4 $415.35 Million |
0 $0 |
0 $0 |
0 $0 | ||||||
| Joseph Wolfe | 9 $3.27 Billion |
10 $2.28 Billion |
0 $0 |
0 $0 |
0 $0 |
0 $0 | ||||||
| David Zhao | 15 $23.31 Billion |
7 $2.70 Billion |
4 $415.35 Million |
0 $0 |
0 $0 |
0 $0 | ||||||
The last sentence of the first paragraph of the sub-section entitled “Discretionary Incentive Compensation” is deleted in its entirety and replaced with the following:
With respect to these portfolio managers, such benchmarks for the Fund and other accounts are:
| Portfolio Manager | Benchmarks | |
| Joseph Wolfe Tony DeSpirito David Zhao |
50% SNP500NR2/50% SP5100OW Index; FTSE United States in GBP; MSCI All Country (AC) Americas Index; Russell 1000 Index (GBP); Russell 1000 Index (Gross Total Return); Russell 1000 Value Index (Total Return); Russell 1000 Value Index TR in GBP; Russell 1000 Value TR Customized Index Performance Benchmark JPY; Russell 1000, expressed in EUR; Russell MidCap Value Index; S&P 500 Net Dividends Reinvested Index (Net USD); S&P United States MidSmallCap Index; S&P US MidSmallCap Index (GBP) |
The sub-section entitled “Fund Ownership” is deleted in its entirety and replaced with the following:
As of June 30, 2020, the end of the Fund’s most recently completed fiscal year end, the dollar range of securities beneficially owned by each portfolio manager in the Fund is shown below:
| Portfolio Manager | Dollar Range | ||||
| Joseph Wolfe | $100,001-$500,000 | ||||
| Tony DeSpirito | $100,001-$500,000 | ||||
| David Zhao | $50,001-$100,000 | ||||
Shareholders should retain this Supplement for future reference.
2