PR Newswire
London, September 28
BLACKROCK INCOME STRATEGIES TRUST PLC
Announcement of Strategic Review
Further to the announcement dated 1 August 2016 of a review into the Company's investment objective and policy, the Board has considered a number of factors. These include the performance of the investment portfolio, the cost of the Company's debt, the cost of paying the dividend and its discount management policy.
The Board has now decided to undertake a strategic review and to invite fund management groups, including BlackRock, with both established multi-asset management credentials and the experience of managing listed closed-end funds, to present proposals to the Board.
A further announcement will be released as soon as practicable and before the publication of the report and accounts in December 2016.
Enquiries
Cenkos Securities plc
Will Rogers Tel: 020 7397 1920
Alan Ray Tel: 020 7397 1916
