28th Jun 2023 21:17
BlackRock Sustainable American Income Trust PLC - investor with diversified portfolio of primarily large-cap US equities - Net asset value per share at April 30 half-year end falls to 199.97 pence, from 213.25p at the end of October. Half-year dividends unchanged on-year at 4.00p per share. Company adds: "Economic outcomes for the US for 2023, much like the rest of the developed world, will be dominated by monetary policy efforts to bring inflation down. The Fed will continue to focus on reducing inflation to its stated target of 2%, but inflation has remained stubbornly elevated due to the tight labour market and rise in disposable incomes. Growth is likely to be muted both in the US and globally, with few exceptions. Geopolitical risks also remain due to the war in Ukraine, and it is not clear how China's shift away from its zero-Covid-19 policy will impact the global economy."
Current stock price: 185.04 pence
12-month change: down 4.9%
By Eric Cunha, Alliance News news editor
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