BlackRock American Income eyes investment objective and fee structure overhaul

20% tender offer also in the pipeline

BlackRock American Income (BRAI) trust will seek the approval from shareholders to revamp its investment policy and objective, as the board acknowledged the strategy’s performance relative to its benchmark has been “challenged for some time”.

In a stock exchange notice today (28 February), the board said it aims to adopt a systematic active equity strategy at its next general meeting, scheduled for 16 April. On the same day, shareholders will be asked to vote on the continuation of the trust as well. BlackRock leverages ELTIF 2.0 framework to increase private markets access for European clients The revamp of its investment objective and policy, subject to the continuation of the vehicle, will comprise combining big data, artificial intelligence and human expertise in a bid to "unlock new ways to seek consistent portfoli...