BlackRock Sustainable American Income Trust Plc - Portfolio Update

BLACKROCK SUSTAINABLE AMERICAN INCOME TRUST PLC (LEI:549300WWOCXSC241W468) All information is at 31 May 2024 and unaudited. Performance at month end with net income reinvested One Three Six One Three Five Years Month Months Months Year Years Net asset value 1.4 4.0 12.6 18.7 25.6 57.3 Share price 0.5 7.8 10.8 12.9 18.5 38.7 Russell 1000 Value Index 1.5 3.0 13.0 18.5 30.9 64.9 At month end Net asset value - capital only: 220.78p Net asset value - cum income: 221.49p Share price: 198.50p Discount to cum income NAV: 10.4% Net yield1: 4.0% Total assets including current year revenue: £168.8m Net gearing: 0.6% Ordinary shares in issue2: 76,199,781 Ongoing charges3: 1.03% 1 Based on two quarterly dividends of 2.00p per share declared on 3 August 2023 and 2 November 2023 for the year ended 31 October 2023 and two quarterly dividends of 2.00p per share declared on 14 March 2024 and 29 May 2024 for the year ending 31 October 2024 and based on the share price as at close of business on 31 May 2024. ² Excluding 24,161,524 ordinary shares held in treasury. ³ The Company's ongoing charges calculated as a percentage of average daily net assets and using the management fee and all other operating expenses excluding finance costs, direct transaction costs, custody transaction charges, VAT recovered, taxation and certain non-recurring items for the year ended 31 October 2023. Sector Analysis Total Assets (%) Financials 18.5 Health Care 16.8 Information Technology 15.0 Consumer Discretionary 10.3 Industrials 8.2 Energy 7.4 Consumer Staples 6.2 Communication Services 6.1 Utilities 5.6 Materials 4.4 Real Estate 2.0 Net Current Liabilities -0.5 ----- 100.0 ===== Country Analysis Total Assets (%) United States 88.6 United Kingdom 5.9 France 2.0 South Korea 1.7 Australia 1.2 Switzerland 1.1 Net Current Liabilities -0.5 ----- 100.0 ===== # Top 10 Holdings Country % Total Assets Citigroup United States 3.4 Shell United Kingdom 2.8 Johnson Controls International United States 2.7 American International United States 2.7 Comcast United States 2.7 Dollar Tree United States 2.5 CVS Health United States 2.4 Kraft Heinz United States 2.4 Cardinal Health United States 2.4 Fidelity National Information Services United States 2.3 Tony DeSpirito, David Zhao and Lisa Yang, representing the Investment Manager, noted: For the one-month period ended 31 May 2024, the Company's NAV increased by 1.4% and the share price by 0.5% (all in sterling). The Company's reference index, the Russell 1000 Value Index, returned 1.5% for the period. The largest contributor to relative performance stemmed from stock selection in materials, with investment decisions in containers and packaging boosting relative performance. Selection decisions in information technology also boosted relative performance, with an overweight allocation to technology hardware, storage and peripherals particularly beneficial. Another modest contributor during the period at the sector level included selection decisions in industrials. The largest detractor from relative performance stemmed from stock selection in health care, most notably in life sciences tools and services. Selection decisions in consumer staples modestly detracted from relative performance, with stock selection in food products dragging on relative performance. Another modest detractor at the sector level included utilities. Transactions During the month, the Company's largest purchases included CVS Health, LabCorp and Lamb Weston. The Company exited its position in Verizon Communications, Cigna and Avantor. Positioning As of the period end, the Company's largest overweight positions relative to the reference index were in the information technology, consumer discretionary and health care sectors. The Company's largest underweight positions relative to the reference index were in the industrials, real estate and financials sectors. Source: BlackRock. 27 June 2024 Latest information is available by typing blackrock.com/uk/brsa (http://www.blackrock.co.uk/brna) on the internet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 (ICV terminal).  Neither the contents of the Manager's website nor the contents of any website accessible from hyperlinks on the Manager's website (or any other website) is incorporated into, or forms part of, this announcement. This information was brought to you by Cision http://news.cision.com The following files are available for download: https://mb.cision.com/Main/22399/4007691/2889295.pdf Release

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