Description
The Board of BlackRock American Income Trust plc (the “Company”) announces that it has today published a Circular (the “Circular”) which contains a notice of a general meeting (the “General Meeting“), at which the Board seeks Shareholders’ approval to renew the Company’s share buyback authority. The General Meeting will be held at 09.45 a.m. on 23 January 2025 at 12 Throgmorton Avenue, London EC2N 2DL.
At the Company’s annual general meeting held on 14 March 2024 (the “2024 AGM“), the Directors were granted authority to make market purchases of up to 11,742,832 Ordinary Shares, representing 14.99 per cent. of the issued ordinary share capital of the Company (excluding treasury shares) as at the date of the 2024 AGM. As at the Latest Practicable Date, the Company has bought back 8,162,451 Ordinary Shares and the authority granted at the 2024 AGM has been substantially utilised. The Directors have concluded that the remaining capacity would be fully utilised before the Company’s next annual general meeting (the “2025 AGM“), which is expected to be held in March or April 2025, if the Company’s purchases of its own shares were to continue at the same rate as they have since the 2024 AGM. The Directors therefore wish to seek approval for a renewal of this authority.
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