BLACKROCK COMMODITIES INCOME INVESTMENT TRUST PLC: Interim Management Statement Interim Management Statement - 3 months to 31 August 2013 To the members of BlackRock Commodities Income Investment Trust plc This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure & Transparency Rules. It should not be relied on by any other party for any other reason. This interim management statement relates to the period from 1 June 2013 to 31 August 2013, and contains information that covers this period, and up to the date of publication of this interim management statement. Please note more detailed performance information, including the latest month end announcements are available on the Manager's website-www.blackrock.co.uk/brci. The Company's objectives are to achieve an annual dividend target and, over the long term, capital growth by investing primarily in securities of companies operating in the mining and energy sectors. The portfolio is managed by Richard Davis of BlackRock. Stock Performance Cumulative Performance (%): One Three Six One Five Month Months Months Year Years Net Asset Value -0.6% -3.2% -8.3% -0.3% -4.3% Share Price -2.8% -5.7% -7.9% -1.0% -1.1% All performance figures are in £ on a total return basis. Ten Largest Equity Holdings at 31 August 2013(in alphabetical order) Anadarko Petroleum Glencore Xstrata BHP Billiton Occidental Chevron Rio Tinto Eni Teck Resources ExxonMobil Total Financial position and performance as at 31 August 2013 Gross Assets (£m)* 113.7 Short term borrowings (£m) 8.6 Net asset value-Capital Only 109.27p Net asset value-Including Income 110.58p Share Price 109.25p Ordinary Shares in Issue 95,008,000 Gearing 8.2% Gearing range (as a % of net assets) 0 - 20% Premium to NAV-Cum Income 1.2% Premium to NAV-Capital Only 0.02% *includes net revenue of £1.2m Material Events & Transactions Material events or transactions, during the three months to 31 August 2013, and from 1 September 2013 to the date of publication of this report are set out below. The Company was not involved in any other material transactions during the period except for the purchase and sale of securities undertaken in the normal course of its business. Interim Dividends The second interim dividend in respect of the year ending 30 November 2013 of 1.475 pence per share was declared on 19 June 2013, and paid on 26 July 2013 to shareholders on the register at the close of business on 28 June 2013. The third interim dividend in respect of the year ending 30 November 2013 of 1.475 pence per share was declared on 18 September 2013 to be paid on 24 October 2013 to shareholders on the register at the close of business on 27 September 2013. Tender On 19 June 2013 the Board announced that it had decided not to proceed with the semi-annual tender offer in August 2013. Board The Board were pleased to welcome Ed Warner as a Non-executive Director with effect from 1 July 2013. Mr Warner also joined the Company's Audit and Management Engagement Committee and Nomination Committee. Financial Report The Company announced its half yearly financial results for the period ended 31 May 2013 on 24 July 2013. Issue of Shares During the period 1,000,000 ordinary shares were issued under the Company's blocklisting facility at an average price of 109.37 pence per share for a total consideration of £1,089,317 net of issue costs. All of the shares were issued at a premium to the company's NAV at the time of issue. Change in NAV and Share Price For the period 1 September 2013 to 17 September 2013 the Company's NAV rose by 1.2% and the share price by 1.6%. The unaudited cum-income net asset value for BlackRock Commodities Income Investment Trust plc at the close of business on 17 September 2013 was 111.86 pence. The Board is not aware of any other material events or transactions, except as disclosed herein, occurring between 31 July 2013 and the date of publication of this interim management statement which would have a material impact on the financial position of the Company. Contact details: Kerry Higgins Secretary Tel: 020 7743 1089 Date: 18 September 2013 Please note more detailed performance information is available on the Investment Manager's website: www.blackrock.co.uk/its/brci . 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. END -0- Sep/18/2013 15:56 GMT
BLACKROCK COMMODITIES INCOME INVESTMENT TRUST PLC: Interim Management Statement
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