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MLLA Merrill L Lat

574.50
0.00 (0.00%)
31 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Merrill L Lat LSE:MLLA London Ordinary Share GB0005058408 ORD US$0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 574.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

BlackRock Latin American Inv Tst Edison issues review on BlackRock LA IT (BRLA)

25/11/2022 7:00am

RNS Non-Regulatory


TIDMBRLA

BlackRock Latin American Inv Tst

25 November 2022

London, UK, 25 November 2022

Edison issues review on BlackRock Latin American IT (BRLA)

BlackRock Latin American Investment Trust (BRLA) has a new manager. Effective from 9 September 2022, former co-manager Sam Vecht was promoted to lead manager, while Christoph Brinkmann was appointed BRLA's deputy manager, replacing former co-manager Ed Kuczma. Vecht says that the world is fractured, with rising inflation and interest rates, corporates struggling to grow and extreme political tension. He comments that these issues are not new for Latin America, while, following the recent Brazilian presidential election, the political environment in the region is more benign than normal. Vecht notes that a more stable environment in Latin America compared with developed markets is unusual. Inflation in the region has been brought under control and central banks have followed orthodox monetary policies so real interest rates in Latin America are positive, unlike in Europe and the United States, for example. The manager comments that Latin American companies are coming out of their shells, and he is finding interesting growth opportunities in the region.

BRLA's discount has widened following the May 2022 tender offer during an environment of heightened investor risk aversion. However, its valuation had been on an improving trend since the July 2018 change in the trust's dividend policy. Payments are based on 1.25% of BRLA's quarterly NAV (current dividend yield of 5.6%). The trust's 12.1% discount compares with an 8.7% to 11.4% range of average discounts over the last one, three, five and 10 years.

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About Edison: E dison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

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November 25, 2022 02:00 ET (07:00 GMT)

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