BlackRock Multi-Sector Income Trust completed an over-subscribed transferable rights offering that allowed holders to subscribe for up to 14,265,677 new common shares at a final subscription price of $13.01 per share, set at 90% of net asset value as of September 9, 2025. Due to strong demand, the Fund is exercising the over-subscription privilege, allocating additional shares pro rata to record date shareholders who fully exercised their rights and requested more shares, and will refund any excess payments. The transaction is expected to issue more than 14 million new shares and generate approximately $186 million in proceeds, all of which go to the Fund because its adviser, BlackRock Advisors, LLC, is covering the offering expenses. The Fund plans to invest these proceeds in line with its stated investment objective and policies, and the newly issued shares are expected to receive the monthly distribution payable in October.
BlackRock Multi-Sector Income Trust filed Post-Effective Amendment No. 2 to its Form N-2 registration statement. The filing, made pursuant to Rule 462(d) under the Securities Act of 1933, is described as being made solely to add and update exhibits and does not change any other part of the existing registration statement, which is incorporated by reference.
The amendment includes an exhibit index covering items such as a form of subscription certificate, a notice of guaranteed delivery, subscription and information agent agreements, an opinion of counsel on the legality of the common shares and rights, and updated filing fee calculation tables tied to a final prospectus dated August 20, 2025. It also lists estimated offering-related expenses, including a SEC registration fee of $9,747.58, NYSE listing fee of $2,500, legal fees and expenses of $110,000, and a total estimated cost of $129,800.59.