BIT: Investing In This High-Yielding CEF Might Be A Risky Play For Present Turbulent Times [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
SummaryThe key bullish catalyst is the Fed's recent decision to purchase a broad range of fixed income securities including MBS.The fund recently reported a monthly distribution of $0.1237, which currently makes up a 10.80% yield.We believe that a higher return of capital to shareholders will be required in order to maintain the current monthly distribution of $0.1237.This time, we will present our readers with the BlackRock Multi-Sector Income Trust (BITAbout the Fund(Source:During normal market conditions, the fund will invest at least 80% of its assets in loan and debt instruments both in domestic fixed income securities and globally. Investors should keep in mind this fund has a primary objective to generate a diversified source of income, while capital appreciation comes in second place.(Source: BlackRock)The fund offers a distribution rate of 10.80%, while Yield to Worst comes at 11.33%. We believe that Yield to Worst might not be the most suitable metric to rely on at this poin
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Sec Filings
- 11/26/24 - Form NPORT-P
- 10/30/24 - Form 4
- BIT's page on the SEC website