News Insights

BlackRock American Income Trust Plc has recently engaged in share buybacks, purchasing over 145,000 of its ordinary shares for treasury in a series of transactions throughout the week between January 19 and January 26, 2025. This included a notable purchase of 119,800 shares at an average price of 209.50 pence per share, with smaller buybacks of 11,140 and 14,851 shares at slightly higher average prices. Post-settlement, the company’s issued share capital is expected to stand at 69,688,383 ordinary shares, while approximately 30.56% of its total issued capital (including treasury shares) will be held in treasury.

Additionally, BlackRock announced its net asset values for the period, reporting figures of 227.98 pence per share for capital only and 228.46 pence including the current year's income as of January 23, 2025. This represents a small decrease compared to prior reports. The effective management of its shares, coupled with the recent resolution passed at a general meeting authorizing share repurchases, signals a clear strategy aimed at enhancing shareholder value and managing the overall capital structure of the trust.