Bank of America Corporation, together with certain wholly owned subsidiaries, reports beneficial ownership of common shares of BlackRock Credit Allocation Income Trust. The group reports beneficial ownership of 4,799,384 common shares, representing 5.1% of the outstanding common stock of the trust.
All 4,799,384 shares are reported with shared dispositive power, while 44,574 of those shares carry shared voting power; no shares are held with sole voting or sole dispositive power. The ownership percentage is based on 93,324,457 shares outstanding as of May 26, 2026, as referenced from an issuer proxy statement.
The reporting is made by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries Bank of America N.A., BofA Securities, Inc., and Merrill Lynch Pierce Fenner & Smith, Inc., reflecting their status as a parent holding company and affiliated bank and broker-dealer entities.
Flores Lorenzo reported acquisition or exercise transactions in this Form 4 filing.
BLACKROCK CREDIT ALLOCATION INCOME TRUST director Lorenzo Flores received a grant of 960.9600 Performance Rights linked to the trust’s common stock. Each Performance Right represents the cash value of one BTZ share and was valued at $10.2200 per underlying share on the grant date.
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan and will be settled 100% in cash at a future deferral date chosen by Flores, rather than in actual BTZ shares. After this award, Flores holds a total of 20,110.7900 Performance Rights tied to BTZ common stock.
BLACKROCK CREDIT ALLOCATION INCOME TRUST director Arthur Philip Steinmetz reported a compensation grant of cash-settled performance rights. On this Form 4, he acquired 1,079.58 Performance Rights, each tied to the value of one BTZ common share at a reference price of $10.22 per right.
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan and will be settled 100% in cash at a future deferral date chosen by Steinmetz, rather than in stock. Following this grant, his reported balance in these Performance Rights is 13,486.91 units.
Harris Stayce D. reported acquisition or exercise transactions in this Form 4 filing.
BLACKROCK CREDIT ALLOCATION INCOME TRUST director Stayce D. Harris received a grant of 834.2400 Performance Rights tied to the trust’s common stock. These Performance Rights were accrued under the BlackRock Deferred Compensation Plan and increase the director’s holdings in this award type to 19443.5200 Performance Rights.
Each Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust and is to be settled 100% in cash at the deferral period chosen by the director. This is a compensation-related, cash-settled derivative award rather than an open-market stock purchase or sale.
BLACKROCK CREDIT ALLOCATION INCOME TRUST director Kester W. Carl received a grant of cash-settled Performance Rights as part of deferred compensation. The award covers 102.14 Performance Rights, each linked to the cash value of one share of the trust’s common stock. Following this grant, Carl holds 34,039.99 Performance Rights in total. These rights have a conversion price of $0.00 and will be settled 100% in cash at the deferral period he selected, so they do not represent a direct purchase or sale of BTZ shares.
BLACKROCK CREDIT ALLOCATION INCOME TRUST director Robert Glenn Hubbard reported a grant of performance-based deferred compensation. He acquired 1,182.720 Performance Rights on July 1, 2026, each tied to the cash value of one share of the trust. These rights were accrued under the BlackRock Deferred Compensation Plan and are to be settled 100% in cash at a deferral period he chose, rather than delivering actual shares. Following this grant, his reported Performance Rights balance rose to 82,597.930 units.
Holloman James Phillip reported acquisition or exercise transactions in this Form 4 filing.
BLACKROCK CREDIT ALLOCATION INCOME TRUST director James Phillip Holloman received a new compensation award in the form of Performance Rights. On the reported date, he was granted 897.6 Performance Rights under the BlackRock Deferred Compensation Plan, each tied to the cash value of one common share of the trust. These rights are to be settled entirely in cash at a future deferral period chosen by Holloman, rather than in actual shares. Following this grant, his balance in this type of award stands at 20,789.75 Performance Rights.
Bank of America Corporation filed Amendment No. 2 to a Schedule 13G/A reporting beneficial ownership of 4,621,301 shares of BlackRock Credit Allocation Income Trust common stock, representing 5.0% of the class. The filing states the ownership calculation uses 93,324,457 outstanding shares as of December 31, 2025 reported in the issuer's Form N-CSR.
The amendment corrects the filer's designation under Rule 13d-1; no other changes to previously reported information were made. The statement is filed on behalf of Bank of America Corporation and certain wholly owned subsidiaries, including Bank of America N.A. and Merrill Lynch entities.
Bank of America Corporation reported beneficial ownership of 5.0% of BlackRock Credit Allocation Income Trust common stock, equal to 4,621,301 shares. The filing states the calculation "relies on the 93,324,457 outstanding shares disclosed in the Form N-CSR ... as of December 31, 2025."
The statement is filed on behalf of Bank of America and certain wholly owned subsidiaries, and shows shared voting power of 26,603 and shared dispositive power over 4,621,301 shares.
Harris Stayce D. reported acquisition or exercise transactions in this Form 4 filing.
BLACKROCK CREDIT ALLOCATION INCOME TRUST director Stayce D. Harris received a grant of 837.73 Performance Rights tied to the trust’s common stock. These rights were accrued under the BlackRock Deferred Compensation Plan and represent the cash value of an equivalent number of BTZ shares.
Each Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust and will be settled 100% in cash at the deferral period chosen by the director. Following this award, Harris holds a total of 18,160.67 Performance Rights reported in this filing.