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BlackRock Sustainable American Income drops 'sustainable' from name in response to SDR regime
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In a London Stock Exchange notice today (14 November), the board said the trust's name will now become BlackRock American Income trust. The directors noted that keeping the term 'sustainable' would require adopting a label under SDR, which would mean amendments to the trust's investment policy and objective would have to be made. Lack of clarity keeps retail investors from getting on board with SDR labels «The board believes the [trust's] current investment philosophy and process, targeting US quality and value stocks and seeking to deliver a superior ESG outcome, remains appropria...
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