BlackRock Latin American Investment Trust Plc - Portfolio Update

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PR Newswire

LONDON, United Kingdom, April 25

The information contained in this release was correct as at 31 March 2024. Information on the Company’s up to date net asset values can be found on the London Stock Exchange Website at

https://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html.

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC (LEI - UK9OG5Q0CYUDFGRX4151)

All information is at 31 March 2024 and unaudited.

Performance at month end with net income reinvested

ARIVA.DE Börsen-Geflüster	One month %	Three months %	One year %	Three years %	Five years %
Sterling:
Net asset value^	1.4	-6.2	22.6	38.1	16.9
Share price	1.5	-9.0	20.2	32.5	20.0
MSCI EM Latin America (Net Return)^^	1.2	-3.1	20.0	47.2	23.6
US Dollars:
Net asset value^	1.2	-7.0	25.3	26.4	13.4
Share price	1.4	-9.8	22.7	21.4	16.4
MSCI EM Latin America (Net Return)^^	1.0	-4.0	22.6	34.8	19.8

^cum income

^^The Company’s performance benchmark (the MSCI EM Latin America Index) may be calculated on either a Gross or a Net return basis. Net return (NR) indices calculate the reinvestment of dividends net of withholding taxes using the tax rates applicable to non-resident institutional investors, and hence give a lower total return than indices where calculations are on a Gross basis (which assumes that no withholding tax is suffered). As the Company is subject to withholding tax rates for the majority of countries in which it invests, the NR basis is felt to be the most accurate, appropriate, consistent and fair comparison for the Company.

Sources: BlackRock, Standard & Poor’s Micropal

At month end

Net asset value - capital only:	465.65p
Net asset value - including income:	468.08p
Share price:	401.00p
Total assets#:	£144.1m
Discount (share price to cum income NAV):	14.3%
Average discount* over the month – cum income:	13.4%
Net Gearing at month end**:	4.5%
Gearing range (as a % of net assets):	0-25%
Net yield##:	5.9%
Ordinary shares in issue(excluding 2,181,662 shares held in treasury):	29,448,641
Ongoing charges***:	1.13%

#Total assets include current year revenue.

##The yield of 5.9% is calculated based on total dividends declared in the last 12 months as at the date of this announcement as set out below (totalling 30.00 cents per share) and using a share price of 506.56 US cents per share (equivalent to the sterling price of 401.00 pence per share translated in to US cents at the rate prevailing at 31 March 2024 of $1.263 dollars to £1.00).

2023 Q2 Interim dividend of 7.54 cents per share (Paid on 11 August 2023)

2023 Q3 Interim dividend of 7.02 cents per share (Paid on 09 November 2023)

2023 Q4 Interim dividend of 8.05 cents per share (Paid on 09 February 2024)

2024 Q1 Interim dividend of 7.39 cents per share (To be paid on 16 May 2024)

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