BlackRock Income Trust director sells 1,840 rights at $0.0901
BlackRock Income Trust (BKT) director reported a Form 4 transaction related to the fund’s rights offering.
Rhea-AI Filing Summary
BlackRock Income Trust (BKT) director reported a Form 4 transaction related to the fund’s rights offering. On 10/09/2025, the reporting person sold 1,840 transferable subscription rights at $0.0901 per right, which were tied to an underlying 613 common shares. Following the sale, 0 derivative securities were beneficially owned.
As context, the fund announced a pro rata rights offering permitting Record Date Shareholders (as of 09/29/2025) to subscribe for up to 8,097,238 common shares. Holders received one right per share and may purchase one new share for every three rights. The estimated subscription price is $10.70, with rights stated to expire on 10/20/2025.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Transferable Subscription Rights (Right to Buy) | 1,840 | $0.0901 | $165.78 |
Footnotes (1)
- F1. On September 12, 2025, BlackRock Income Trust, Inc. (the "Fund") announced the terms of a pro rata offering of transferable subscription rights (the "Rights") to holders of the Fund's common shares as of the record date of September 29, 2025 ("Record Date Shareholders"), entitling the holders of such Rights to subscribe for up to an aggregate of 8,097,238 of the Fund's common shares (the "Rights Offering"). Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held; however, any Record Date Shareholder who owns fewer than three common shares as of the close of business on the Record Date will be entitled to subscribe for one common share. The estimated subscription price per common share is $10.70.
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