11th Dec 2018 17:55
LONDON (Alliance News) - BlackRock Commodities Income Investment Trust PLC said late Tuesday it has decided not to proceed with this year's semi-annual tender offer in February 2019.
The firm said: "The board has concluded that it is not currently in the best interests of shareholders as a whole to implement the tender offer in February 2019.
"The board will continue to monitor the level of the discount and use its buy-back authority to repurchase shares when it considers it is in shareholders' interests to do so."
BlackRock Commodities Income Investment Trust shares closed up 1.5% at 71.169 pence each on Tuesday.