BlackRock Multi-Sector Income Trust

BIT

Market cap $594M

Overview Fund Activity

13.53 USD

-0.08

0.59%

At close Updated Sep 16, 4:00 PM EDT

1 day

-0.59%

5 days

-2.31%

1 month

-6.5%

3 months

-5.85%

6 months

-6.24%

Year to date

-7.14%

1 year

-10.22%

5 years

-15.65%

10 years

-14.91%

About: BlackRock Multi-Sector Income Trust is a closed-end investment management company. It invests on behalf of its clients. The fund's primary investment objective is to provide a high level of current income, with a secondary objective of capital appreciation. The company seeks to achieve its investment objectives by investing, under normal market conditions, a majority of its assets in loan and debt instruments and other investments with similar economic characteristics. Its portfolio consists of Corporate Bonds, Asset-Backed Securities, Preferred Securities, and others.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

5% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 22

0.42% less ownership

Funds ownership: 19.01% [Q1] → 18.6% (-0.42%) [Q2]

2% less capital invested

Capital invested by funds: $105M [Q1] → $103M (-$1.8M) [Q2]

10% less funds holding

Funds holding: 78 [Q1] → 70 (-8) [Q2]

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

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Financial journalist opinion

BlackRock Multi-Sector Income Trust (BIT) Announces Results of its Over-subscribed Rights Offering

NEW YORK--(BUSINESS WIRE)---- $BIT--BlackRock Multi-Sector Income Trust (BIT) Announces Results of its Over-subscribed Rights Offering.

BlackRock Multi-Sector Income Trust (BIT) Announces Results of its Over-subscribed Rights Offering

CEF Weekly Review: More Muni CEF Liquidations

We review the CEF market valuation and performance through the second week of August, and highlight recent market action. CEF discounts are at decade-tight levels, offering limited value for shareholders. Eaton Vance's liquidation of EVM and ENX highlights ongoing consolidation in tax-exempt CEFs, shrinking the sector, but improving liquidity and cost structure.

CEF Weekly Review: More Muni CEF Liquidations

BlackRock Multi-Sector Income Trust (BIT) Announces Terms of Rights Offering

NEW YORK--(BUSINESS WIRE)---- $BIT--BlackRock Multi-Sector Income Trust (NYSE: BIT) (the "Fund") today announced that its Board of Trustees (the "Board") has approved the terms of the issuance of transferable rights ("Rights") to the holders of the Fund's common shares of beneficial interest (par value $0.001 per share) ("Shares") as of August 19, 2025 (the "Record Date"). Holders of Rights will be entitled to subscribe for additional Shares (the "Offer") at a discount to the market price of the Shares.

BlackRock Multi-Sector Income Trust (BIT) Announces Terms of Rights Offering

BIT: Revisiting This Former Holding

BlackRock Multi-Sector Income Trust is now heavily overweight U.S. high yield, with over 75% sub-investment grade exposure and short duration. The fund delivered middle-of-the-pack performance versus peers over the past year, with leverage and asset mix helping to normalize returns. BIT currently trades near net asset value, with a typical premium/discount range of -6% to +6%, indicating fair valuation in the current market.

BIT: Revisiting This Former Holding

24/7 Wall Street

Passive Income of $5,600 Annually Can Be Had From These 5 High-Yield Closed-End Funds

US mutual funds trace their origin to 1924's Massachusetts Investors Trust, which was the first formalized US mutual fund entity.

Passive Income of $5,600 Annually Can Be Had From These 5 High-Yield Closed-End Funds

BIT: Better Than A Bond Index Fund, But Still Expensive

Rising yields and inflation risks make U.S. dollar-denominated bonds unattractive, challenging the traditional safe-haven status of bond funds. BlackRock Multi-Sector Income Trust offers a high yield and outperforms indices on total return, but lags closed-end peers and has high U.S. dollar exposure. Recent market shocks and downgrades highlight heightened risks for bondholders, with leverage amplifying downside in volatile environments.

BIT: Better Than A Bond Index Fund, But Still Expensive

Profit From Wider Credit Spreads With These High-Yield Bond Funds

The ongoing trade war has led to a massive increase in uncertainty and bearish sentiment. Credit spreads have widened as a result, going from their lowest levels in history, to solidly above-average. Investing in high-yield corporate bond funds seems like an easy way to profit from these changes.

Profit From Wider Credit Spreads With These High-Yield Bond Funds

BIT: Questionable Double-Digit Dividend Yield

BlackRock Multi-Sector Income Trust (BIT) offers a 10.1% dividend yield but struggles with income generation, raising concerns about distribution sustainability and NAV growth. The fund's strategy involves leveraging income-oriented assets like high-yield bonds and securitized products, but high interest rates pose risks to its performance. BIT trades at a slight premium to NAV, yet its inability to fully cover distributions from net investment income questions the premium's justification.

BIT: Questionable Double-Digit Dividend Yield

BIT: Hard To Justify The Premium For This Fund

BlackRock Multi-Sector Income Trust offers a high yield of 10.13%, but its real after-tax yield is much more disappointing. The fund owns a lot of mortgages, which have been suffering from delinquency problems. BIT's leverage ratio of 36.25% is higher than its peers, which increases both potential returns and risks.

BIT: Hard To Justify The Premium For This Fund

BIT: This Fund Has A Historically Attractive Price, But It Could Get Cheaper

The BlackRock Multi-Sector Income Trust offers a 10.36% distribution yield, appealing for income-focused investors but lower than its peers. The fund's leverage increases both yield and risk, with a current leverage ratio of 38.32%, higher than its peers. The fund's diversified strategy allows flexibility in asset allocation, avoiding overvalued sectors and focusing on those with better valuations.

BIT: This Fund Has A Historically Attractive Price, But It Could Get Cheaper

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