BlackRock Multi-Sector Income Trust: management transactions · United States · SEC (Form 4)

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust (BIT) is a U.S.-listed closed-end investment trust traded on the NYSE under the ticker BIT. It is a taxable, diversified closed-end fund whose primary objective is to generate high current income, with capital appreciation as a secondary objective. For French-, Belgian- and Swiss-based investors, BIT should be viewed as a fixed-income income vehicle rather than an operating company in the traditional industrial or banking sense. The fund commenced operations in February 2013 and is sponsored by BlackRock, the global asset manager founded in 1988 in New York, United States. BlackRock’s corporate headquarters and main operational base are in New York, giving BIT access to the firm’s broad fixed-income research platform, risk management capabilities and multi-sector credit expertise. According to the fund’s official materials, BIT seeks to invest, under normal market conditions, at least 80% of its assets in loan and debt instruments and other investments with similar economic characteristics, including through synthetic exposure via derivatives. BIT’s business model is therefore concentrated rather than diversified across operating businesses. Its portfolio is built around multi-sector credit and fixed-income exposure, allowing the managers to seek yield across different corners of the bond market depending on rate conditions, credit spreads and liquidity trends. The fund is designed to deliver regular income distributions, making it relevant for investors seeking cash flow, bond-market diversification and active management of credit and duration risk. From a competitive standpoint, BIT operates in the crowded closed-end fixed-income fund universe, where large managers such as BlackRock, PIMCO and Nuveen compete for investor capital. Its competitive edge lies in the BlackRock brand, institutional-scale research resources, broad market access and the ability to rotate among multiple fixed-income sectors. As with many closed-end funds, investor returns may also be influenced by the fund’s market price relative to net asset value, meaning the shares can trade at a premium or discount. Recent developments have centered on capital and shareholder actions. In 2025, BlackRock announced a transferable rights offering for BIT and later reported its successful completion in September 2025. The fund’s official disclosures continue to emphasize monthly distributions and a yield-oriented profile, with market and NAV metrics updated frequently by BlackRock. In a U.S. interest-rate environment that remains sensitive and data-driven, BIT remains a fund to watch for its exposure to credit spreads, duration risk and broader bond-market conditions on the NYSE in the United States.