BlackRock Sustainable American Income Trust plc (LON:BRSA) has considered the Financial Conduct Authority’s Sustainability Disclosure Requirements (SDR) which come into effect on 2 December 2024.
The Board believes the Company’s current investment philosophy and process, targeting US quality and value stocks and seeking to deliver a superior ESG outcome, remains appropriate to shareholders. Adopting a label under SDR would require a change to this strategy. The decision has therefore been taken to remove the word “sustainable” from the Company’s name and investment objective. Under SDR, the Company will become an unlabelled ESG fund.
As a result, the Company’s name will change to the “BlackRock American Income Trust plc” with immediate effect. The Company’s Ticker will also change from “BRSA” to “BRAI”.
