BIT: Unsupported Distribution Indicates Only Downside For This CEF [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's recent rights offering kept the gearing ratio high, instead of deleveraging, amplifying exposure to tight credit spreads. The fund is overweight high yield (50%) and sub-investment grade (70%+), with an excessive 15% allocation to CCC-rated credits. Distribution is unsupported, with a 31% return of capital, and recent performance has lagged both passive and peer active funds. hapabapa/iStock Editorial via Getty Images Thesis We last covered the BlackRock Multi-Sector Income Trust ( BIT ), mid-2025 with a 'Hold' rating. The CEF has posted a small negative total return since, surprisingly, on the downside in an otherwise benign credit environment. In today's article, we This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compen
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Sec Filings
- 2/3/26 - Form 4
- 2/3/26 - Form 4
- 2/3/26 - Form 4
- BIT's page on the SEC website