BlackRock Income Strategies Trust's board has decided to undertake a strategic review
The company saysit will 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.
The decision follows a review into the company's investment objective and policy when the board considered a number of factors. These included the performance of the investment portfolio, the cost of the company's debt, the cost of paying the dividend and its discount management policy.
At 3:30pm: (LON:BIST) BlackRock Income Strategies Trust Plc share price was +0.38p at 110.38p