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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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