BIT: Continual NAV Destruction Amidst A Potentially Tough Environment [Seeking Alpha]
BlackRock Multi-Sector Income Trust Common Shares of Beneficial Interest (BIT)
US:NYSE Investor Relations:
blackrock.com/investing/products/249839/blackrock-multisector-income-trust-fund
Company Research
Source: Seeking Alpha
BIT recently underperformed major bond indices and several peers on a total return basis, with leverage amplifying both yield and downside risk. There is no guarantee that the Fed's monetary easing will lift bond prices, given the risks of a resurgence in inflation. The fund has not covered distributions with investment income or capital gains for two years, raising the likelihood of a distribution cut. BIT trades at a 5.54% discount to NAV, a reasonable entry point, but caution is warranted due to potential payout reductions. PM Images/DigitalVision via Getty Images The BlackRock Multi-Sector Income Trust ( BIT ) is a closed-end fund, or CEF, that aims to provide its investors with a very high level of current income. The fund does reasonably well in this respect, as it boasts More on my IG service At Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our risk of principal loss. By subscribi
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