Blackrock Income Trust, Inc. Appoints Robert Fairbairn as Class III Board Member
June 06, 2018 at 04:44 pm EDT
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Effective February 16, 2018, the Board of BlackRock Income Trust, Inc. appointed Robert Fairbairn as a Class III Board Member to fill the vacancy created by the resignation of a Class III Board Member. The Board has determined that it is desirable for Mr. Fairbairn to stand for election this year to serve out the term of the vacancy to which he was appointed. If Mr. Fairbairn is elected at the meeting, he will serve as a Class III Board Member until the later date of the 2019 annual meeting (when all of the Class III Board Members stand for election) or until his successor is elected and qualifies, or until his death, resignation, retirement or removal.
BlackRock Income Trust, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to manage a portfolio of high-quality securities to achieve both preservation of capital and high monthly income. The Fund seeks to achieve its investment objective by investing at least 65% of its assets in mortgage-backed securities. The Fund invests at least 80% of its assets in securities that are issued or guaranteed by the U.S. government or one of its agencies or instrumentalities or rated at the time of investment either AAA by S&P Global Ratings or Aaa by Moodyâs Investors Service, Inc. The Fund may invest directly in such securities or synthetically through the use of derivatives. The Fund invests in various sectors, including agency mortgages, United States government-related, securitized products, cash and/or derivatives and others. The Fund's manager is BlackRock Advisors, LLC.
BLACKROCK INCOME TRUST, INC. 
