BlackRock Income Trust

BKT

Market cap $342M

BlackRock Income Trust is downgraded to 'Sell' due to a deteriorating macro backdrop for leveraged MBS CEFs. BKT's 6.4-year duration and 25% leverage expose it to rising intermediate rates, with no rate cuts priced for 2026. The fund's 10% distribution is unsustainable, relying on excessive return of capital and eroding NAV.

BlackRock Income Trust (BKT) remains a sell due to persistent earnings shortfalls and ongoing NAV erosion, despite a 9.6% dividend yield. BKT's reliance on agency mortgage securities and moderate leverage exposes it to elevated interest rate risks and limits portfolio diversification. The fund consistently pays out more than it earns, accelerating capital erosion and underperforming peers like PDI in both total return and distribution sustainability.

NEW YORK--(BUSINESS WIRE)---- $BKT--BlackRock Income Trust, Inc. (NYSE: BKT) (the “Fund”) announced today the renewal of its discount management program (the "Program"). Under terms of the Program, the Fund intends to offer to repurchase a portion of its common shares via tender offer if certain conditions are met, as detailed below. If the Fund's common shares trade at an average daily discount to net asset value ("NAV") of more than 7.50% during the 12-week measurement period beginning on July 9, 2026.

BlackRock Income Trust currently offers a high dividend yield of approximately 9.5%, attracting income-focused investors. BKT's recent semi-annual report reveals challenges in generating sufficient earnings to fully cover its dividend payouts. The fund's historical earnings have struggled to match its distribution levels, raising concerns about dividend sustainability.

NEW YORK--(BUSINESS WIRE)---- $BKT--BlackRock Income Trust, Inc. (NYSE: BKT) (the "Fund") today announced the successful completion of its transferable rights offer (the “Offer”) which expired on October 20, 2025 (the “Expiration Date”). The Offer entitled rights holders to subscribe for up to an aggregate of 8,097,238 shares of the Fund's common stock, par value of $0.01 per share (each, a “Common Share”). The final subscription price of $10.76 per Common Share was determined based upon the formula equ.

NEW YORK--(BUSINESS WIRE)---- $BKT--BlackRock Income Trust (BKT) (the “Fund”) announced today the results of the Measurement Period (as defined below) under its previously announced discount management program (the “Program”). Under the Program, the Fund intends to offer to repurchase a minimum of 5% of its outstanding common shares if the Fund's common shares trade at an average daily discount to net asset value (“NAV”) of greater than 7.50% during the twelve-week measurement period that commenced on J.

NEW YORK--(BUSINESS WIRE)---- $BKT--BlackRock Income Trust, Inc. (NYSE: BKT) (the "Fund") today announced the terms of transferable rights ("Rights") to be issued to the holders of the Fund's common shares of beneficial interest (par value $0.01 per share) ("Shares") as of September 29, 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. After considering a number of factors, including potential be.

BKT remains a 'buy' due to its appealing valuation, with a discount to NAV expanding above 2% despite recent price gains. The fund offers diversification and serves as a hedge, outperforming the broader market during recent declines. BKT's focus on high-quality agency mortgage-backed securities supports capital preservation and high monthly income.

10 out of 22 CEF sectors were positive on price and 5 out of 22 sectors were positive on NAV last week. Herzfeld Caribbean Basin Fund is jumping on the CLO bandwagon. CLM/CRF announces a rights offering.

NEW YORK--(BUSINESS WIRE)---- $BKT--BlackRock Enhanced Government Fund, Inc. (NYSE: EGF, the “Fund”) has completed its reorganization with and into BlackRock Income Trust, Inc. (NYSE: BKT and together with EGF, the “Funds,” and each, a “Fund”) (the “Reorganization”), effective as of the opening for business of the New York Stock Exchange on Monday, March 24, 2025. In the Reorganization, each EGF shareholder received common shares of BKT in an amount equal to the aggregate net asset value of the EGF comm.