Welcome to our dedicated page for BlackRock Multi-Sector Income news (Ticker: BIT), a resource for investors and traders seeking the latest updates and insights on BlackRock Multi-Sector Income stock.
BlackRock Multi-Sector Income Trust (NYSE: BIT) is a closed-end fund focused on generating a high level of current income, with a secondary objective of capital appreciation. The news flow around BIT often reflects its activities in the fixed income markets, its capital-raising actions, and updates to its fund structure and reporting periods.
One notable example is the fund’s transferable rights offering that expired on September 9, 2025. According to a Business Wire press release, the offering was over-subscribed, leading the fund to exercise an over-subscription privilege. The offer allowed existing shareholders to subscribe for additional common shares at a subscription price based on 90% of net asset value as of the expiration date. News items of this type provide insight into how the fund raises capital and how investor demand interacts with its income-focused strategy.
Another type of coverage involves structural and reporting changes. BlackRock Advisors, LLC announced a change to the tax and fiscal year end for the trust, moving from an October 31 year end to December 31, effective as of December 31, 2023. Updates like this help investors understand the timing of the trust’s financial and tax reporting.
On this news page, readers can expect items related to offerings, distribution details referenced in public announcements, changes in fiscal year end, and other material communications released through channels such as Business Wire. For investors who follow closed-end fixed income funds, tracking these developments can help provide context on how BlackRock Multi-Sector Income Trust pursues its objectives and manages its capital over time.
BlackRock Multi-Sector Income Trust (NYSE: BIT) has successfully completed its over-subscribed transferable rights offering. The Fund offered up to 14,265,677 common shares at a subscription price of $13.01 per share, set at 90% of NAV as of September 9, 2025.
Due to high investor demand, the Fund will exercise the over-subscription privilege for eligible shareholders who fully exercised their rights. The offering is expected to raise approximately $186 million in proceeds, with BlackRock Advisors covering all offering-related expenses. The Fund plans to invest the proceeds according to its investment objective, and new shares will be eligible for the October monthly distribution.
BlackRock Multi-Sector Income Trust (NYSE:BIT) has announced a transferable rights offering, allowing existing shareholders as of August 19, 2025 to subscribe for additional shares at a discount. The offering terms include a 1-for-3 rights ratio, with shareholders receiving one right for each share owned and the ability to purchase one new share for every three rights held.
The subscription price will be set at 95% of the average closing price over five trading days ending September 9, 2025, or 90% of NAV if that amount is higher. Key features include transferable rights trading under "BIT RT", an over-subscription privilege for existing shareholders, and all offering expenses being covered by BlackRock Advisors, LLC. The Fund has maintained its monthly distribution rate and expects to continue doing so post-offering.
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