BIT: Unsupported Distribution Indicates Only Downside For This CEF

BlackRock Multi-Sector Income Trust receives a 'Strong Sell' rating due to poor performance and heightened risk profile. 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.

Seeking Alpha • Jan 28, 2026

BIT: Continual NAV Destruction Amidst A Potentially Tough Environment

The BlackRock Multi-Sector Income Trust offers an 11.26% yield, but its distribution appears unsustainable given recent net asset value declines. 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.

Seeking Alpha • Dec 30, 2025

BIT: Discounted Valuation But Still Not A Buy

BlackRock Multi-Sector Income Trust (BIT) offers a high 11.1% yield and diversified income exposure, but faces challenges in sustaining distributions. BIT trades at a 4.91% discount to NAV, making it attractive relative to historical pricing, yet its share price has declined amid higher rates. Earnings coverage remains pressured by elevated interest rates and reliance on leverage, with a significant portion of distributions funded by return of capital.

Seeking Alpha • Oct 10, 2025

BlackRock Multi-Sector Income Trust (BIT) Announces Results of its Over-subscribed Rights Offering

NEW YORK--(BUSINESS WIRE)---- $BIT--BlackRock Multi-Sector Income Trust (BIT) Announces Results of its Over-subscribed Rights Offering.

Business Wire • Sep 10, 2025

CEF Weekly Review: More Muni CEF Liquidations

We review the CEF market valuation and performance through the second week of August, and highlight recent market action. CEF discounts are at decade-tight levels, offering limited value for shareholders. Eaton Vance's liquidation of EVM and ENX highlights ongoing consolidation in tax-exempt CEFs, shrinking the sector, but improving liquidity and cost structure.

Seeking Alpha • Aug 18, 2025

BlackRock Multi-Sector Income Trust (BIT) Announces Terms of Rights Offering

NEW YORK--(BUSINESS WIRE)---- $BIT--BlackRock Multi-Sector Income Trust (NYSE: BIT) (the "Fund") today announced that its Board of Trustees (the "Board") has approved the terms of the issuance of transferable rights ("Rights") to the holders of the Fund's common shares of beneficial interest (par value $0.001 per share) ("Shares") as of August 19, 2025 (the "Record Date"). Holders of Rights will be entitled to subscribe for additional Shares (the "Offer") at a discount to the market price of the Shares.

Business Wire • Aug 6, 2025

BIT: Revisiting This Former Holding

BlackRock Multi-Sector Income Trust is now heavily overweight U.S. high yield, with over 75% sub-investment grade exposure and short duration. The fund delivered middle-of-the-pack performance versus peers over the past year, with leverage and asset mix helping to normalize returns. BIT currently trades near net asset value, with a typical premium/discount range of -6% to +6%, indicating fair valuation in the current market.

Seeking Alpha • Jul 27, 2025

Passive Income of $5,600 Annually Can Be Had From These 5 High-Yield Closed-End Funds

US mutual funds trace their origin to 1924's Massachusetts Investors Trust, which was the first formalized US mutual fund entity.

24/7 Wall Street • Jul 18, 2025

BIT: Better Than A Bond Index Fund, But Still Expensive

Rising yields and inflation risks make U.S. dollar-denominated bonds unattractive, challenging the traditional safe-haven status of bond funds. BlackRock Multi-Sector Income Trust offers a high yield and outperforms indices on total return, but lags closed-end peers and has high U.S. dollar exposure. Recent market shocks and downgrades highlight heightened risks for bondholders, with leverage amplifying downside in volatile environments.

Seeking Alpha • May 27, 2025

Profit From Wider Credit Spreads With These High-Yield Bond Funds

The ongoing trade war has led to a massive increase in uncertainty and bearish sentiment. Credit spreads have widened as a result, going from their lowest levels in history, to solidly above-average. Investing in high-yield corporate bond funds seems like an easy way to profit from these changes.

Seeking Alpha • Apr 27, 2025