BlackRock Income Trust, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John Perlowski
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 Hudson Yards Wilmington DE United States of America 10001
- IPO Date
- Jul 22, 1988
- CIK
- 0000832327
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock Income Trust, Inc. (NYSE: BKT) is a closed-end fixed income fund that seeks to preserve capital and provide high monthly income by investing primarily in high-quality mortgage-backed securities and related instruments. The Trust, managed by BlackRock Advisors, LLC, allocates at least 65% of its assets to mortgage-backed securities and at least 80% to securities issued or guaranteed by the U.S. government, its agencies, or instrumentalities, or rated AAA by S&P or Aaa by Moody's at the time of investment; these include U.S. government-sponsored agency securities such as Federal National Mortgage Association and Federal Home Loan Mortgage Corporation pass-throughs, non-agency mortgage-backed securities, asset-backed securities, Uniform Mortgage-Backed Securities, and U.S. Treasury obligations, with potential synthetic exposure through derivatives. Formed on July 22, 1988, and domiciled in the United States with headquarters at 50 Hudson Yards, New York, New York, the fund operates in the U.S. fixed income markets, targets income-seeking investors, and employs leverage equivalent to approximately 20% of managed assets to enhance yields. Portfolio managers include Matthew Kraeger, Nicholas Kramvis, and Ron Sion, with key holdings as of late 2025 featuring Federal National Mortgage Association (around 20-29%), Uniform MBS (6-8%), and Federal Home Loan Mortgage Corporation exposures. In October 2025, the Trust completed an over-subscribed transferable rights offering, issuing more than 8 million common shares at $10.76 per share and raising approximately $87.1 million in net proceeds, which BlackRock Advisors agreed to fully fund for expenses; the capital is being deployed into agency mortgage-backed securities to lock in attractive yields amid ongoing market opportunities. The fund also pursues a proposed reorganization with BlackRock Enhanced Government Fund, Inc. (EGF), approved by boards and expected to complete in the first half of 2025 subject to shareholder approval, positioning BKT as the surviving entity with potential for annual tender offers thereafter.
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BlackRock Enhanced Government Fund, Inc. (EGF) Announces Shareholder Approval for Reorganization with and into BlackRock Income Trust, Inc. (BKT)
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