BlackRock Frontiers Investment Trust PLC Reports Net Asset Value

BlackRock Frontiers Investment Trust PLC announces its unaudited net asset values as of May 13, 2024, reporting a capital-only value of 200.75c USD and 159.80p Sterling, with significant implications for investors in frontier markets and the economic growth of developing countries. The trust invests in companies operating in these markets, aiming to achieve long-term capital growth for its shareholders." This description focuses on the primary topic (net asset value announcement), main entity (BlackRock Frontiers Investment Trust PLC), context (frontier markets and developing countries), and significant actions/consequences (implications for investors and economic growth). The description also provides objective and relevant details that will help an AI generate an accurate visual representation of the article's content, such as a graph or chart showing the net asset value, a map highlighting frontier markets, or an image representing economic growth and development.

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Aqsa Younas Rana
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BlackRock Frontiers Investment Trust PLC Reports Net Asset Value

BlackRock Frontiers Investment Trust PLC Reports Net Asset Value

BlackRock Frontiers Investment Trust PLC announced its unaudited net asset values as of the close of business on May 13, 2024. The net asset value for capital only stood at 200.75c in USD cents and 159.80p in Sterling pence. When including current year income, the net asset value was 206.20c USD and 164.14p Sterling.

Why this matters: This net asset value report has significant implications for investors in frontier markets, as it provides insight into the performance of companies operating in developing countries. The trust's investment strategy and returns can influence investor confidence and decisions in these markets, ultimately affecting economic growth and development.

The company valued its investments on a bid price basis. Revenue items were included in the net asset value calculations, with dividends payable deducted on the ex-dividend date.

BlackRock Frontiers Investment Trust PLC has 241,822,801 Ordinary Shares in issue, which includes 52,497,053 shares held in Treasury. This follows the company's buyback of 51,884,770 treasury shares on March 31, 2021.

BlackRock Frontiers Investment Trust PLC invests in companies operating in frontier markets. Frontier markets are developing countries with investable stock markets that are less established than those in emerging markets. The trust aims to achieve long-term capital growth by investing in companies domiciled or listed in, or exercising the predominant part of their economic activity in, frontier markets.

As of May 13, 2024, BlackRock Frontiers Investment Trust PLC's net asset value stood at 200.75c USD and 159.80p Sterling for capital only. The trust continues to invest in frontier market companies with the goal of delivering long-term capital appreciation for its shareholders.

Key Takeaways

  • BlackRock Frontiers Investment Trust PLC's net asset value: 200.75c USD, 159.80p Sterling (capital only)
  • Including current year income: 206.20c USD, 164.14p Sterling
  • Invests in companies operating in frontier markets for long-term capital growth
  • 241,822,801 Ordinary Shares in issue, with 52,497,053 in Treasury
  • Aims to deliver long-term capital appreciation for shareholders