BlackRock Sustainable American Income Trust
plc
(LEI: 549300WWOCXSC241W468)
Change of Name
The Board
of BlackRock Sustainable American Income Trust plc (the "Company")
has considered the Financial Conduct Authority's Sustainability
Disclosure Requirements ("SDR") which come into effect on
2 December 2024.
The Board
believes the Company's current investment philosophy and process,
targeting US quality and value stocks and seeking to deliver a
superior ESG outcome, remains appropriate to shareholders. Adopting
a label under SDR would require a change to this strategy. The
decision has therefore been taken to remove the word "sustainable"
from the Company's name and investment objective. Under SDR, the
Company will become an unlabelled ESG fund.
As a
result, the Company's name will change to the "BlackRock American
Income Trust plc" with immediate effect. The Company's Ticker will
also change from "BRSA" to "BRAI".
To reflect
the incoming Naming & Marketing Rules under SDR, the Company is
also required to make non-material changes to its investment
objective and investment policy. The investment objective will
accordingly be modified to:
"The
Company's investment objective is to provide an attractive level of
income together with capital appreciation over the long term,
whilst incorporating the ESG commitments described in the Company's
investment policy."
The
Company's investment objective will also be reflected in the
wording of the investment policy.
Please
note that there will
be no change to how the investment portfolio is managed.
For
further information, please contact:
BlackRock
Investment Management (UK) Limited, Investment
Manager
+44 (0) 20
7743 3000
Charlie Kilner, Client Director
Cavendish
Securities, Corporate Adviser
+44 (0) 20
7397 1915
Tunga
Chigovanyika, Corporate Finance Director
Media
Enquiries
+44 (0)
77833 87713
Ed Hooper, Lansons
BlackRockInvestmentTrusts@lansons.com