BlackRock Multi-Sector Income Trust
BIT
New York Stock Exchange- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- BlackRock Multi-Sector Income Trust (NYSE: BIT) is a closed-end fixed income fund managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The Trust's primary investment objective is to seek high current income, with a secondary objective of capital appreciation; it invests, under normal market conditions, at least 80% of its assets in loan and debt instruments and other investments with similar economic characteristics, including investment-grade corporate bonds, high-yield corporate debt, U.S. government and agency securities, mortgage-backed and asset-backed securities, bank loans, emerging-market debt, and non-U.S. debt securities, potentially through direct holdings or derivatives. Its portfolio is diversified across multiple fixed income sectors such as high yield (53.25%), securitized products (23.44%), non-U.S. developed markets (13.36%), agency mortgages (11.79%), investment grade credit (8.48%), bank loans (5.35%), and emerging markets (2.60%), with significant exposure to below-investment-grade securities (BB rated and lower). The fund targets income-seeking investors and trades on the New York Stock Exchange, employing leverage equivalent to approximately 18.58% of managed assets to enhance returns. Formed on February 25, 2013, and domiciled in the United States, BlackRock Multi-Sector Income Trust maintains its headquarters at 100 Bellevue Parkway, Wilmington, Delaware 19809, with BlackRock, Inc. serving as its sponsor based at 50 Hudson Yards, New York, New York 10001; the Trust operates primarily through U.S. dollar-denominated securities while retaining flexibility for global fixed income opportunities. Portfolio management is led by Scott MacLellan, CFA, CMT, Akiva Dickstein, and Samir Lakhani, overseeing a portfolio of 1,697 holdings as of September 30, 2025, including top positions in Federal National Mortgage Association (5.08%), Federal Home Loan Mortgage Corporation (2.90%), Cloud Software Group Inc. (1.31%), TransDigm Inc. (1.22%), and Hub International Ltd. (1.09%). Net assets stood at $800.90 million, with managed assets of $983.67 million as of the same date. In a significant recent development, the Trust completed an over-subscribed rights offering on September 9, 2025, issuing over 14 million common shares at $13.01 per share (90% of net asset value), raising approximately $186 million in gross proceeds; BlackRock Advisors, LLC covered all associated costs, with the net proceeds deployed into additional fixed income investments consistent with the Trust's objectives to capitalize on attractive risk-adjusted yields in resilient credit markets. This capital raise supports ongoing monthly distributions, with the most recent declaration in October 2025 maintaining a steady payout yielding around 11.05% to 11.06%, payable on October 31, 2025 to shareholders of record as of October 15, 2025. The rights offering, approved by the Board of Trustees in August 2025, reflects strategic expansion of assets to pursue enhanced income generation amid favorable fixed income conditions.