BlackRock Advisors, LLC today announced changes to the portfolio management team of BlackRock Utility and Infrastructure Trust (NYSE:BUI) (the “Fund”). In connection with these changes, BlackRock Advisors, LLC also announced that BlackRock International Limited would not be appointed as an investment sub-advisor for BUI, as was disclosed on February 26, 2013. BUI’s portfolio management team, including biographies for each of the portfolio managers, is set forth below. The changes announced today will take effect March 11, 2013.
Portfolio Management Team
Christopher Accettella, Kathleen Anderson, Kyle McClements and Robert Shearer
Christopher M. Accettella, Director, is a member of the Fundamental Equity platform. He is a trader responsible for executing equity derivatives and options trades. Prior to joining BlackRock in 2005, Mr. Accettella was an institutional sales trader with American Technology Research. From 2001 to 2003, he was with Deutsche Asset Management where he was responsible for derivatives and program trading. Prior to that, he was a senior associate in the Pacific Basin Equity Group at Scudder Investments Singapore Limited. Mr. Accettella began his investment career in 1997 as a portfolio analyst in the European Equity group of Scudder Kemper Investments, Inc. Mr. Accettella earned a BA degree in economics and Asian studies from Colgate University in 1997.