BlackRock Income Trust, Inc.
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- 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.
BKT: With A Resurgent Inflation Picture, Leveraged Duration Is Not Attractive (Rating Downgrade)
Allspring Global Investments Holdings LLC Invests $1.38 Million in Blackrock Income Trust $BKT
BKT: Will Continue To Erode Capital If Dividend Isn't Reduced
BlackRock Income Trust, Inc. (BKT) Announces Renewal of Discount Management Programs
BKT: Staying Away From This MBS Fund While Interest Rates Are High
BlackRock Income Trust, Inc. (BKT) Announces Results of its Over-subscribed Rights Offering
BlackRock Income Trust (BKT) Provides Update on its Discount Management Program
BlackRock Income Trust (BKT) Announces Terms of Rights Offering
BKT: A Leveraged MBS Play From BlackRock, 9% Distribution (Rating Upgrade)
BKT: Agency MBS Remain An Attractive Equity Hedge
Weekly Closed-End Fund Roundup: CUBA Jumping On CLO Bandwagon (April 13, 2025)
BlackRock Announces Closing of Reorganization of BlackRock Enhanced Government Fund, Inc. (EGF) with and into BlackRock Income Trust, Inc. (BKT)
BlackRock Enhanced Government Fund, Inc. (EGF) Announces Shareholder Approval for Reorganization with and into BlackRock Income Trust, Inc. (BKT)
BKT: I See A Buy Case For Agency MBS In The Year Ahead (Rating Upgrade)
CEF Weekly Review: The Difficulties Of High-Quality CEFs
BKT: Absorbing A Smaller CEF
BlackRock Announces Board Approval of Closed-End Fund Reorganization
BKT: Not An Attractive Entry Point After The Decrease In Rates (Rating Downgrade)
BKT: There Is Both Good And Bad (Rating Upgrade)
PDI: 13.7% Yield Attractive Despite Section 19 Notices