The British Assets trust will be renamed BlackRock Income Strategies if proposals to overhaul the company are approved by shareholders.
The board of the trust announced last year it is proposing to switch from current manager F&C to BlackRock, converting the company into a multi-asset vehicle in the process. Shareholders will vote on the changes at an AGM on 26 February. Releasing final results to 30 September, the board said the changes, if approved, will see the trust renamed as the BlackRock Income Strategies trust. The portfolio's new objective will be to achieve a total gross return of CPI +4% per annum over a five to seven-year time horizon. Its board also announced it will implement a zero discount policy if...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
