|BlackRock Frontiers Investment Trust
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
|BlackRock Frontiers Daily Update: BlackRock Frontiers Investment Trust is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker BRFI. The last closing price for BlackRock Frontiers was 146.25p.|
BlackRock Frontiers Investment Trust has a 4 week average price of 145p and a 12 week average price of 140p.
The 1 year high share price is 151.75p while the 1 year low share price is currently 107.25p.
There are currently 172,693,108 shares in issue and the average daily traded volume is 311,474 shares. The market capitalisation of BlackRock Frontiers Investment Trust is £253,211,269.61.
|davebowler: Frontier Markets
BlackRock Frontiers (BRFI) interim to 31/03/13
¢ The NAV total return was 22.4% vs MSCI Frontiers Index 18.6% (both in GBP, which flatters returns over the year). Outperformance was due to holdings in the Nigerian banking sector, positions in the UAE & an underweight in Kuwait.
¢ Since the period end, the company's NAV has increased by 8.6% and the share price has increased by 2.9% (both on a sterling basis with net income reinvested).
¢ The Board is currently in the process of identifying the extent of investor demand for a C-share issue and it is expected that a further announcement will be made in the next few weeks.
¢ The Board declared an interim dividend of 2.00 US cents per share payable on 5 July 2013 to shareholders on the Company's register on 7 June 2013. This was an increase of 67% in relation to the interim dividend of 1.20 US cents for the period to 31 March 2012.
¢ Consequently, to avoid dilution of revenue return to existing shareholders, the Board are also declaring a special interim dividend of 3.40 US cents, representing the additional revenue expected to be generated between 1 April 2013 and the anticipated C share conversion date. In total this will equal dividends of 5.40 US cents per share for the year to 30 September 2013, an increase of 42.1% over total dividends of 3.80 US cents paid in relation to the year ended 30 September 2012.
¢ At the company's fifth AGM in 2016 the board will provide shareholders with an opportunity to elect to realise the value of their ordinary shares at NAV per share less costs. The route which will be used to provide shareholders with an exit will depend on the level of uptake anticipated at the time and will be established following shareholder consultation and is likely to be achieved through a tender offer or a reorganisation of the company. To the extent shareholders elect for cash we expect that they will receive their proceeds within approximately six weeks of the relevant AGM.
¢ For the six month period ended 31 March 2013, the company's shares have traded at an average discount to NAV of 4.4%.
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BlackRock Frontiers share price data is direct from the London Stock Exchange