Last checked at 4 Mar 2022 16:18
BlackRock Energy and Resources Income Trust Plc - Russian portfolio holdingsBlackRock Energy and Resources Income Trust Plc - Russian portfolio holdings
PR Newswire
London, March 4
BlackRock Energy and Resources Income Trust plcLEI - 54930040ALEAVPMMDC31
Statement re: Russian portfolio holdings
The Board of BlackRock Energy and Resources Income Trust plc note that, in light of the Russian invasion of Ukraine, BlackRock on Monday, 28 February 2022, suspended the purchase of all Russian securities in its active and index funds.
The Board confirms that the Company's Manager (BlackRock Fund Managers Limited) is taking all necessary actions to ensure adherence to relevant sanctions laws and regulations including those of the US, UK and EU.
As at 3 March 2022, the Company only holds a single Russian security. The valuation of this holding has been adjusted to reflect market illiquidity and represents 0.0013% of the Company’s net assets (with a value of £1,980).
Contact name for queries:Melissa GallagherCo-Head Closed End FundsBlackRock Investment Management (UK) LimitedTel: 020 7743 3893
Date: 4 March 2022