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BlackRock Greater Europe IT underperforms benchmark

Monday, 23rd October 2017
BlackRock Greater Europe Investment Trust confirmed today that the net asset value per share (NAV) increased by 23.0%, compared with a rise of 26.0% in the FTSE World Europe ex UK Index, its main performance benchmark.

The share price rose by 22.9% over the same period.

The Company's revenue return per share for the year amounted to 5.33p per share, which compares with 5.60p per share for the previous year, marking a decrease of 4.8%.

The Chairman added:

"The European economy began to show signs of a slow but steady recovery in the fourth quarter of 2016 and, with a number of leading economic indicators showing strong improvement during 2017, years of investor pessimism on Europe have shifted towards cautious optimism. This positive sentiment was supported by the European Central Bank maintaining its accommodative stance, as well as the pro-European results of the French and German elections. The strength of company earnings in the first half of the year has also been particularly encouraging."

At 2:27pm: (LON:BRGE) Blackrock Greater Europe Inv Trust Plc share price was +0.13p at 341.38p

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