BlackRock Commodities Income : BRCI – Annual results

BlackRock Commodities Income’s full year results for the 12 months to the end of November 2013 reflect a difficult period for investors in commodity related assets but were well ahead of its benchmark. The net asset value total return was a decline of 5.9%. the share price return was negative 6.0%. By contrast the Euromoney Global Mining Index and the MSCI World Energy Index returned -21.5% and -13.1% respectively.

They were aiming to pay dividends totalling 5.9p for the year and managed 5.95p (using a small amount of revenue reserves).  For next year they intend to at least maintain this level of dividends.

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