BlackRock Latin American Inv Tst Edison issues review on BlackRock Latin AmericanIT
05 3월 2019 - 8:20PM
RNS Non-Regulatory
TIDMBRLA
BlackRock Latin American Inv Tst
05 March 2019
London, UK, 5 March 2019
Edison issues review on BlackRock Latin American IT (BRLA)
BlackRock Latin American Investment Trust (BRLA) has two
experienced new co-managers, Ed Kuczma and Sam Vecht, who are part
of BlackRock's well-resourced global emerging markets equities team
and were appointed to manage BRLA in December 2018, following the
resignation of former lead manager Will Landers. Kuczma had worked
closely with Landers for a number of years and says the transition
should be smooth. The managers are constructive on the outlook for
Latin American equities in 2019, following a series of headwinds in
2018, citing improving economies, attractive valuations and a more
benign political environment. BRLA's board adopted a new, higher
dividend policy in FY18. The trust yields 4.0% based on three
interim payments during the last financial year; the total
distribution should rise in FY19 based on four quarterly dividend
payments.
BRLA's current 14.9% discount to cum-income NAV is wider than
the 14.7%, 13.8% and 12.7% average discounts over the last one,
three and five years respectively. The trust has adopted a new
dividend policy, paying quarterly dividends based on 1.25% of
quarter-end $ NAV, rather than semi-annual dividends based on
BRLA's level of income. FY18 was a transitional year with three
quarterly dividends paid totalling 23.55c per share, which is
equivalent to a 4.0% dividend yield.
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