BlackRock, an American investment management firm, has said that the boards of trustees of BlackRock Global Energy and Resources Trust and BlackRock Global Floating Rate Income Trust have approved to change the names of the trusts to BlackRock Energy and Resources Trust and BlackRock Floating Rate Income Trust, respectively.
BlackRock has said that these changes were made in order to maintain each trust’s current investment strategies and guidelines without subjecting it to further investment restrictions with respect to the use of “Global” in the name of the trusts.
BlackRock has also said that there is no change to each trust’s investment objective in connection with the announced name changes. BlackRock Global Energy and Resources Trust’s investment objective is to provide total return through a combination of current income and capital appreciation. The trusts will continue to trade on the New York Stock Exchange.
BlackRock is one of the largest publicly traded investment management firms in the world. It manages assets on behalf of institutions and individuals through equity, fixed income, cash management and alternative investment products. Moreover, a growing number of institutional investors use BlackRock Solutions(R) investment system, risk management and financial advisory services.
