Dividend Declaration

Announcement of Quarterly Interim Dividend

14 March 2016

The Board of BlackRock Commodities Income Investment Trust plc is pleased to announce the first quarterly interim dividend in respect of the financial year ending 30 November 2016. A dividend of 1.5 pence per ordinary share has been declared by the Directors, payable on 21 April 2016 to holders of ordinary shares on the register at the close of business on 29 March 2016 (ex-dividend date is 24 March 2016).

Since the publication of our Annual Report the sector has experienced further challenges as falling commodity prices have forced many companies to reduce or cancel their dividend payments, most notably ConocoPhillips and BHP Billiton cutting their dividends by 66% and 75%, respectively. In light of this the Board has revised its 2016 dividend target. It now intends to target a second quarterly interim dividend of 1.5 pence, followed by third and fourth quarterly interim dividend payments of 1 pence, making a total of 5 pence per ordinary share for the year as a whole. The Board intends to use revenue reserves to support this target if portfolio income alone is insufficient.  Thereafter, the Board's intention is to maintain the quarterly dividend and grow this as market conditions allow. 

Enquiries:

Mark Johnson
BlackRock Investment Management (UK) Limited
Tel: [phone]

Press Enquires:

Lucy Horne, Lansons Communications
Tel: + 44 (0)20 7294 3689
Email:[e-mail]