BlackRock Multi-Sector Income Trust Announces Successful Rights Offering with Over $186 Million in Proceeds

BlackRock Multi-Sector Income Trust successfully completed its transferable rights offer, which was over-subscribed. The offer entitled rights holders to subscribe for up to 14.3 million shares at $13.01 per share. The fund will exercise the over-subscription privilege and issue more than 14 million shares, raising approximately $186 million. Proceeds will be invested in accordance with the fund's objective and policies. The shares will be entitled to receive the monthly distribution expected to be payable in October.

BlackRock Multi-Sector Income Trust (NYSE: BIT) has successfully completed its transferable rights offer, which was over-subscribed. The offer, which expired on September 9, 2025, entitled rights holders to subscribe for up to 14,265,677 shares of the Fund’s common shares of beneficial interest at $13.01 per share BlackRock Multi-Sector Income Trust (BIT) Announces Results of its Over-subscribed Rights Offering^[1].

The final subscription price was determined based on a formula equal to 90% of the net asset value as of September 9, 2025. Due to high investor demand, the Fund exercised its over-subscription privilege. Shareholders who fully exercised their rights as of the record date on August 19, 2025, were able to subscribe for additional shares at the indicated price, subject to certain limitations and allotment BlackRock Multi-Sector Income Trust (BIT) Announces Results of its Over-subscribed Rights Offering^[1].

The shares subscribed for under the over-subscription privilege will be allocated pro-rata among those fully exercising record date shareholders who over-subscribed, based on the number of rights originally issued to them by the Fund. The Fund will return the full amount of excess payments to investors who submitted over-subscription requests as soon as practicable BlackRock Multi-Sector Income Trust (BIT) Announces Results of its Over-subscribed Rights Offering^[1].

Scott MacLellan, Portfolio Manager for the Fund, expressed satisfaction with the results of the rights offering. He noted that broader fixed income credit markets continue to exhibit resilient fundamentals, with risk-adjusted yields attractive for fixed income closed-end funds. The potential for lower financing costs in the coming quarters further supports the Fund’s ability to offer increased income and continue paying stable monthly distributions to its shareholders BlackRock Multi-Sector Income Trust (BIT) Announces Results of its Over-subscribed Rights Offering^[1].

The successful completion of the rights offering is expected to result in the issuance of more than 14 million Common Shares, raising approximately $186 million. The Fund will receive the entire proceeds of the Offer, as BlackRock Advisors, LLC, the Fund’s investment adviser, has agreed to pay all expenses related to the Offer. The Fund intends to invest the proceeds in accordance with its investment objective and policies BlackRock Multi-Sector Income Trust (BIT) Announces Results of its Over-subscribed Rights Offering^[1].

Shares issued pursuant to the Offer will be entitled to receive the monthly distribution expected to be payable in October. The Fund will update its performance and other data on a monthly basis on its website, and investors are advised to check the website for updated information BlackRock Multi-Sector Income Trust (BIT) Announces Results of its Over-subscribed Rights Offering^[1].

References:
BlackRock Multi-Sector Income Trust (BIT) Announces Results of its Over-subscribed Rights Offering^[1] https://www.stocktitan.net/news/BIT/black-rock-multi-sector-income-trust-bit-announces-results-of-its-ymvtcsly9amt.html