BlackRock Income Trust, Inc. filed Post-Effective Amendment No. 1 to its Form N-2 registration statement under Rule 462(d) solely to add and update exhibits. The amendment becomes effective immediately upon filing and does not change any other part of the existing registration statement.
The filing lists updated contractual, advisory, administrative and fund-of-funds agreements by reference, and newly files items such as the form of subscription certificate, notice of guaranteed delivery, subscription and information agent agreements, a legal opinion, and final filing fee tables. It also discloses estimated offering-related expenses totaling $194,960, including a $30,135 registration fee, $130,000 of legal fees and other listing, accounting and FINRA charges.
BlackRock Income Trust, Inc. (NYSE: BKT) plans a transferable rights offering for shareholders of record as of September 29, 2025. Holders of these rights will be able to subscribe for additional common shares at a discount to the market price, with the goal of increasing the Fund’s assets to pursue its income and capital preservation objective.
The Board and BlackRock Advisors, LLC state that all expenses of the offering will be paid by the Adviser, not by the Fund or its shareholders. The Fund expects to maintain its current distribution level, and shares issued in the offering will be eligible for the monthly distribution expected in November 2025, but not for the October 2025 distribution. The Fund’s existing at-the-market share offering will be terminated before this rights offering begins.