Blackrock Sustainable American Inc Edison issues review on BlackRock Trust (BRSA)
14 Novembro 2022 - 4:00AM
RNS Non-Regulatory
TIDMBRSA
Blackrock Sustainable American Inc
14 November 2022
London, UK, 14 November 2022
Edison issues review on BlackRock Sustainable American Income
Trust (BRSA)
BlackRock Sustainable American Income Trust (BRSA) changed its
investment strategy at the end of July 2021 to integrate explicit
ESG objectives. Its managers, Tony DeSpirito, David Zhao and Lisa
Yang, aim to deliver an attractive level of income and long-term
capital appreciation from a portfolio of dividend-paying companies
that are trading at attractive valuations and are deemed to be ESG
leaders, improvers or 'sustainability enablers'. The managers say
the odds of a recession are now higher compared with the end of
2021; hence, the structure of the portfolio has changed since then
from a barbell approach of stability versus cyclical value and is
now skewed towards stability.
BRSA's 6.6% discount to cum-income NAV is wider than the 3.1% to
5.3% range of average discounts over the last one, three, five and
10 years. The trust is on track for the fifth consecutive year of
an 8.0p per share annual dividend. Based on its current share
price, BRSA offers an attractive 4.0% yield.
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