Welcome to our dedicated page for BlackRock Income Trust news (Ticker: BKT), a resource for investors and traders seeking the latest updates and insights on BlackRock Income Trust stock.
BlackRock Income Trust (BKT) provides investors with a conservative approach to fixed-income investing through government-backed mortgage securities. This news hub offers timely updates on the fund's strategic decisions and market positioning.
Access official announcements including portfolio adjustments, earnings reports, and regulatory filings. Track the fund's disciplined use of derivatives and its focus on capital preservation strategies for risk-averse investors.
Discover updates on BKT's high-credit-quality asset selection process and its approach to navigating interest rate environments. Stay informed about developments impacting monthly income generation and long-term capital stability.
Bookmark this page for consolidated access to BKT's latest financial communications and analysis of its position in the closed-end fund market.
BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) has completed its reorganization with BlackRock Income Trust, Inc. (NYSE: BKT), effective March 24, 2025. As part of the reorganization, EGF shareholders received BKT common shares equivalent to their EGF shares' net asset value, calculated at market close on March 21, 2025.
No fractional BKT shares were issued during the reorganization process, with shareholders receiving cash compensation for any fractional shares. The scheduled EGF distribution for March 31, 2025, will be paid in cash as planned.
BlackRock Enhanced Government Fund (EGF) shareholders have approved the proposed reorganization with BlackRock Income Trust (BKT). The merger, scheduled to complete on March 24, 2025, will result in BKT becoming the surviving fund. The reorganization will be executed based on the relative net asset values of each fund's common shares, subject to customary closing conditions.
BlackRock Advisors announced the Board approval of a reorganization between BlackRock Enhanced Government Fund (EGF) and BlackRock Income Trust (BKT), with BKT as the surviving fund. The reorganization is expected to complete in the first half of 2025, subject to EGF shareholders' approval. After the reorganization, BKT plans to offer repurchasing of a portion of its common shares through annual tender offers under specific conditions. BKT shareholders are not required to approve the reorganization.
BlackRock Income Trust, Inc. (NYSE:BKT) announced a 1-for-3 reverse stock split approved by its Board of Directors. This split will take effect before trading opens on October 18, 2022, with record stockholders as of October 17, 2022. The reverse split is expected to reduce the number of outstanding shares, potentially increasing the market price per share. Following the split, the monthly distribution will rise from $0.0294 to $0.0882 per share, maintaining cash flow to shareholders. The Fund aims to enhance liquidity and broaden investor interest.
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